Who has signing authority on the checking account?
A3. The Board of Trustees vote to determine who has signing authority, often choosing a board member until the school is more established. If the charter school board has a “treasurer,” the treasurer usually is bonded and has check-writing authority. A charter school may want to have two people authorized in case the treasurer is out of commission. Consult the CPA working with you. Click Here for more info on setting up financial operations.