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Reconciliation of Cost Obligations

February 25, 2019 by

Record Keeping Accuracy is a monumental challenge for all sectors.  This includes  of accuracy of Reimbursements,  Attendance Review,  Attendance Tracking, and Payment based on Budgeted Transport Fees. These are among the key issues addressed by VMC in its oversight of the project.

Since the Pandemic, this task is now the MOST time consuming performed by VMC.  It is also the most difficult.  It involves reconciling the transporters invoices & being sure the reconciliation is  accurate & in the form necessary so that State & Federal Aide is maximized. School district & local governments are now faced with an enormous administrative task that requires added staff or is just not getting done.

If payments made are wrong or revenue is inflated– it could mean that desperately needed reimbursement is not being received or is compromised.

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