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Summer PD: “Using CFAM and P-cards”
June 5, 2018 @ 9:00 am - 4:00 pmFree
AM Session (3 hours credit) – CFAM
Participants will learn how to use CFAM, a revolutionary financial analysis tool which uses visualization and graphing tools to demonstrate and report a school’s current financial status. The software application provides access to unlimited flexibility in terms of financial reporting in order to clearly tell a school’s financial story to school boards and other stakeholders. CFAM is customized for Arkansas school schools. Users can:
- Analyze up to five years of financial data
- Analyze revenue and expenditure trends
- Compare revenue/expenditures to other schools
- Often used to create easy-to-read graphs and charts
- Determine if expenditure/carryover levels have been met
- Prepare ensuing year budget
PM Session (3 hours credit) – P-Cards
APSRC provides a total Purchasing Card (P-Card) Program that includes training, sample policies and procedures, and instructions for integrating with eFinance Plus.
A P-Card is a financial tool which districts can utilize to save time and money. It is similar to a traditional credit card but offers more control and security for the district.
Benefits to the P-Card Program
- Control how funds are used. Districts control what merchant categories are approved.
- Control where funds are used. Districts choose the vendors with whom the cards may be used.
- Control when funds are available. P-Cards do not carry a revolving line of credit. They cannot be used until the district makes funds available. Districts set the available amounts and remove the remaining balances.
- Reduces paperwork and processing time. Purchase without purchase orders and reduce the associated labor. The program can integrate with eFinance Plus.
- Customization. APSRC will help you set up the program to work best for YOU. Cards will be customized with each district’s logo.
- EARN REBATES. Districts earn an annual rebate on all purchases.
Intended Audience: District-level finance staff, superintendents
Presenters: Kendal Wells, Ken Rich, Kathy Hanlon