Show Menu Union Public Schools Logo
  • Home /
  • Departments /
  • Finance

Finance

Tirish Williams
Dr. Trish Williams
Chief Financial Officer/Treasurer / Biography
Senior Executive Administrative Assistant: Letha Estep

Email Finance

Finance Division

The Finance Division is actually divided into several departments. These departments include Accounting, Payroll, Treasury, Financial Reporting, Federal Programs, and Human Resources, as well as the Adult Education program and Student Data and Assessment.

The Finance Division develops and monitors the district’s budget, classifying revenues and expenditures correctly, and preparing all financial reports and statements. Staff also coordinate the annual audit and maintain compliance with all state and federal regulations and reports pertaining to the fiscal operations of the district.

Jay Loegering
 
Jay Loegering
Executive Director
of Human Resources / Biography


 
 
Jackie White

Jackie White
Senior Executive Director
of Federal Programs
/ Biography
 

Julie Harkrider
Director of Accounting
/ Biography

Cathy Bentley

Cathy (Smart) Bentley, CPA
Director of Financial Reporting
/Treasury / Biography

Christine Bunyard

Christine Bunyard,
Director of Payroll /
Biography

Rebecca Byers

Rebecca Byers
Associate Director of
Budgeting & Treasury / Biography

Union SchoolsThe district’s finances are classified within several funds, including the General Fund, Building Fund, Child Nutrition Fund, the debt service fund, and Bond Funds. The largest of these, the General Fund, is used to pay salaries of teaching and support staff members, purchase classroom supplies and textbooks, and utility and insurance costs. On average, salaries and benefits make up more than 80 percent of general fund expenditures.

The Human Resources department manages employee relations and benefits.. Pupil Accounting coordinates enrollment and manages student statistics, working closely with Teaching and Learning.

Budgets

Revenues/Expenditures

Nearly 81 percent of Union voters approved the district’s 2016, $27-million bond issue, allowing for future building projects, including what is now Ellen Ochoa Elementary, as well as the districtwide purchase of items such as textbooks, instructional technology, buses, and equipment. More than 8- percent of the voters approved another phase of consturction of the school in February 2017.

In total, the district’s net position increased $9.8million. The net position of governmental activities increased $9.8 million which represents a 17.45 percent increase from fiscal year 2015.

General revenues accounted for $114.3million in revenue or 75.4 percent of all revenue. Program specific revenues in the form of charges for services and sales, grants, an contributions accounted for $37.35 million or 24.6 percent of total revenues of $151.63 million.

The district has $141.85 million in expenses related to governmental activities; only $37.35 million of these expenses were offset by program specific charges for services, grants, or contributions. Expenses are shown in programs that are easily identifiable utilizing the current Oklahoma Cost Account System (OCAS) coding structure.

Among the major funds, the general fund had $114.52 million in revenues, $112.15 million in expenditures resulting in a fund balance increase of $2.37 million. This increase is primarily a result of an increase in state and local revenue collections. Bond fund revenue totaled $70,474. Net bond sale proceeds were $27 million. Expenditures in the bond fund totaled $24.66 million. The sinking fund had $22.87 million in revenues and $21.75 million in expenditures.

The Building Fund was reclassified from a Major Governmental Fund to a Non-Major Governmental Fund. The Child Nutrition Fund was reclassified from an Enterprise Fund to a Non-Major Governmental Fund. The Gift Fund was reclassified from a Private Purpose Trust Fund to a Non-Major Governmental Fund.

Internal Control

Union SchoolsManagement of the district is responsible for establishing and maintaining an internal control structure designed to ensure that the assets of the district are protected from loss, theft or misuse and to ensure that adequate accounting data is compiled to allow for the preparation of financial statements in conformity with generally accepted accounting principles (GAAP). The internal control structure is designed to provide reasonable, but not absolute, assurance that these objectives are met. The concept of reasonable assurance recognizes that: 1) the cost of a control should not exceed the benefits likely to be derived; and 2) the valuation of costs and benefits requires estimates and judgments by management.

Long-Term Financial Planning

The Board of Education of Union Public Schools, in conjunction with the Superintendent and Chief Financial Officer, establishes a system of sound financial planning and management to assure that the district’s objectives are addressed and that funds are expended in accordance with plans expressed through the Board budget. The financial management system components include: 1) a planning process that consists of a review of state statutes, Board policies, concepts, ideas, problems, constraints, approaches and systems before dollar amounts are established in the budget; and 2) a budget that is the expression of the plans of the Board through three main budgets – the General Fund, a Special Building Revenue Fund, and the Child Nutrition Fund.

Budgetary Controls

Union SchoolsThe district utilizes budgetary controls to ensure compliance with legal appropriation limitations and to provide an operating plan for the district’s resources. The annual appropriated budget includes activity of the General, Special Revenue Funds, and Child Nutrition Funds. Capital projects activity is controlled with approval of project-length financial plans. Initial budgets are adopted at the beginning of the fiscal year with periodic amendments approved by the Board as necessary.

The level of budgetary control is maintained by fund, project, and function of the OCAS (Oklahoma Cost Accounting System.) Individual line items may be adjusted without Board action, but total budgeted expenditures may not exceed appropriations at the major fund level without Board approval. The district utilizes an encumbrance system as a technique of budgetary control with encumbered appropriations lapsing at year end.

Independent Audit

Oklahoma state statutes require an annual audit by independent certified public accountants. The accounting firm of RSM US LLP, was selected by the Board to conduct the audit. In addition to meeting the requirements set forth in state statutes, the audit was also designed to meet the requirements of the Federal Single Audit Act of 1984 and related Uniform Grant Guidance (UGG). The auditor’s report on the basic financial statements is included in the financial section of the Comprehensive Annual Financial Report.