Accounting

  • The Finance Department is responsible for maintaining and reporting the finance accounting records for Poquoson City Public Schools (PCPS) in accordance with Generally Accepted Accounting Principles (GAAP).  Responsibilities include the following:

    • Provide School Board with financial planning documents and accurate financial records
    • Oversee and coordinate guidance to schools and administrative staff with regard to accounting practices
    • Report required financial information to VDOE, including the Annual School Financial Report
    • Oversee and coordinate the school division year-end audit and reporting
    • Perform Accounts Payable functions
    • Maintain vendor files and issue accounts payable checks
    • Year-end reporting for vendor 1099 forms
    • Process purchase orders
    • Cash and account reconciliations

    The financial statements of the Poquoson City Public Schools are audited as part of the City of Poquoson’s annual audit.  The School Board’s financial statements are included in the City’s Comprehensive Annual Financial Report (CAFR).