Business and Financial Services includes...

Accounting

The Accounting Division provides support to all LCPS departments, programs and schools by transacting and accounting for LCPS revenues and expenditures across all funds. The Division provides ongoing support for the ORACLE Financials modules and School Activity Funds. The Division also manages the external audits of LCPS financial operations, School Activity Fund operations, as well as, federal, state and local grants. The Division focuses on the efficient use of resources to ensure accurate, timely, and secure financial transacting.

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Budget and Financial Analytics

Budget and Financial Analytics division is responsible for preparation of the annual operating budget for Loudoun County Public Schools.

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Financial Services

The Division of Financial Services is responsible for the accounting of all financial transactions, payroll services, financial reporting, Student Activity Fund accounting and financial applications systems support. The Division develops and implements a system of internal controls to protect and safeguard Loudoun County Public Schools financial assets through the Internal Audit program. Additionally, the Office provides guidance and support to all departments, divisions, and schools throughout Loudoun County Public Schools in their financial and business efforts to serve students and staff.

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Payroll

Payroll Services provides accurate and timely payments to approximately 10,625 full-time employees and 4,464 part-time employees, reporting earnings and deductions to the Internal Revenue Service, Social Security Administration, the states of Virginia, West Virginia, Maryland, District of Columbia and Pennsylvania as required by law. Payroll Services ensures all schools' and departments' leave is recorded timely and accurately; and processes mandatory deductions, tax liens and voluntary deductions. Virginia Retirement System and life insurance benefit accounts are analyzed and reconciled for all employee and employer benefit contributions.

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Procurement Services

Procurement Services enables Loudoun County Public Schools to purchase required goods and services in conformance with the Virginia Public Procurement Act and School Board Policy. It is the purpose of Procurement Services to obtain high quality goods and services at a reasonable cost, and to conduct procurement procedures in a fair and impartial manner without impropriety or the appearance of impropriety. Procurement Services provides processes to acquire goods and services including sourcing, full contract administration for solicitation and non-solicitation based agreements, purchase order processing, opening of new schools, risk management activities, and management of the LCPS Property and Liability Insurance Program.

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School Nutrition Services

Supports the LCPS education mission by providing nourishment to all students while teaching them to make life long healthy choices. Good nutrition and learning go hand in hand.

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