Education is a hallmark of our communities, but the business of learning has a lot of moving parts. Administrators and boards have their hands full with changing federal regulations, funding inconsistencies, and evolving educational trends. KPM serves more than 70 school districts, charter schools, postsecondary educational institutions, and various trade and technical colleges. From audits to standards implementation to internal control reviews, we help you gain clarity and stay compliant.
For many school districts or colleges, outsourcing accounting work just makes sense. Delegate these duties and stay focused on your educational objectives. We offer QuickBooks and Bill.com assistance plus payroll processing and monthly accounting.
Preparing this annual financial report requires time, energy, and resources you may not have. Enlist our education team to perform an ASBR prep study for your school district, so your next report is in tip-top shape when it’s submitted to the state.
We take pride in helping clients audit and enhance their employee benefit plans. Everyone wins with a well-structured, cost-effective plan. Have us serve as your plan administrator, advise on investment strategies, or oversee regulatory compliance.
Every dollar counts in education, and the integrity of your financial statements is central to transparency and decision making. With KPM, you’ll receive an objective audit of your financial statements that identifies risk areas and prioritizes compliance.
Hope isn’t a strategy for staying out of the headlines. Are you taking the appropriate measures to secure your coffers? Our team can help you implement safeguards to deter and detect fraud or investigate suspicious activity.
Public schools and universities are subject to governmental accounting standards that evolve over time. If you’re having trouble deciphering these often-complex changes, our advisors are expert translators with extensive experience.
Is it time for an HR audit or a more structured approach to performance management? Are your onboarding, training, and development programs outdated? We can help evaluate what’s missing and what can be improved on the HR front.
In academia, the flow of information and protection of personally identifiable information for students, former students, and employees is important. Open the door to our IT insights and help secure your sensitive network data.
Are your internal controls up to snuff? There’s only one way to find out. Our team will review your controls and test their effectiveness. We’ll pinpoint any loopholes and offer recommendations on how to best shore them up.
Payroll comprises one of the largest recurring expenses of any school district, which makes it a complex undertaking. Let our CPAs handle this process and rest easy knowing your payroll tax deductions are done right.
There are always strings attached to large federal grants, and entities that accept and expend these dollars are subject to compliance audits. These so-called single audits can be difficult, so why not bring in KPM to lessen the burden?
As a Business Associate member of MASA, KPM stays connected to Missouri’s public school administrators and supports the association’s mission to develop and support effective leaders.
Community colleges play a vital role throughout the Show-Me State. We’re proud to be an MCCA member and to provide a range of assurance, tax, and consulting services to institutional members.
Undergrad enrollments in spring 2021 were down almost 6% from a year ago.
Community colleges have seen enrollment plummet 11% year over year.
The median salary for post-secondary administrators was $97,500 in 2020.
Sources: National Student Clearinghouse Research Center, U.S. Bureau of Labor Statistics
The U.S. high school graduation rate for the 2018–19 year was 88%.
Experts estimate there are more than 67,000 public primary schools in the United States.
The median salary for elementary school teachers was about $59,000 in 2019.
Source: National Center for Education Statistics, U.S. News
Every learning institution is different. Our advisors will customize your services based on your size, budget, regulatory profile, and growth plans. Connect with KPM today to start the conversation.