ERIC Number: ED248251
Record Type: Non-Journal
Publication Date: 1983-Aug
Reference Count: N/A
A Management Study of the MCPS Accounting System and Certain Related Financial Services Functions. Final Report.
Young (Arthur) and Co., Washington, DC.
Several years ago, Montgomery County Public Schools (MCPS) began a Management Operations Review and Evaluation (MORE) of the entire school system, excluding school-based instruction. This MORE study is an evaluation of MCPS's current accounting system and certain related financial services functions within the Department of Financial Services. In general, this review indicated the Department, the Office of the Director, and the Division are operated effectively and efficiently given the present level of automated resources. The existing Financial Information System is outmoded and labor intensive. Significant labor savings and management reporting improvements could be realized with a new automated accounting system. The organization of the Department appears logical and effective. There is a lack of budgetary control of expenditures by state category, and a lack of effective control over salary expenditures by account managers. There is need for more effective control over the encumbrance of contracts, the management of outstanding receivables, and the disbursement of cash. Additional results are presented in the following categories: Financial Information System, Accounting Operations, Financial Management and Control, Encumbrance Accounting, Receivables, and Cash Management. (BW)
Publication Type: Reports - Evaluative
Education Level: N/A
Sponsor: Montgomery County Public Schools, Rockville, MD. Dept. of Educational Accountability.
Authoring Institution: Young (Arthur) and Co., Washington, DC.