The Business Department of Kentwood Public Schools provides support for the instructional process of the district. All financial functions of the district are handled through the business department.
The functions included in the business department are processing payroll, fringe benefits, purchasing, accounts payable, accounts receivable, employee insurance, property and casualty insurance, student insurance, enrollment projections and student accounting, retirement information, banking relations, investments, and accounting for activity funds.
This includes processing of all revenue and expenditures for all funds of the school district. The budgets for the various funds of the district are adopted by the Board of Education prior to July 1 of each fiscal year. These budgets include the following:
All financial reports required by the state and federal agencies are processed by the business department. The financial records of the district are audited each year by an independent public accounting firm, and published reports are provided to all state and federal agencies. State and federal agencies also audit the district records related to grants, student enrollment, and food service operations.
The district has received national awards for excellence in financial reporting from the Government Finance Officers Association and from the Association for School Business Officials.
The business department is responsible for the planning and coordination of all bond issues and cash flow loans for the district. The business department also handles the planning for construction and remodeling of facilities in the school district.
All records regarding district property are maintained by the business department and updated annually