Requirements for Training Completion
Training participants must complete the following. All Choice administrators for schools new to the Choice programs in the 2026-27 school year must complete this training. This should be completed by April 13, 2026.
- Watch or read each of the Fiscal Management training bulletins/modules below.
- Complete the online quiz on the Fiscal Management training. *Please note that the Holy Love budget you load into the quiz will have Errors in the Error Report and will not meet all of the Choice program financial viability requirements. You do not need to try to resolve the errors or remove the financial viability issues in Holy Love's budget unless the training specifically indicates you should enter information/amounts in the example budget and cash flow report.*
- Upload the completed 2026-27 Budget and Cash Flow Report ("Budget") for the sample school (Holy Love) in the online quiz. The Fiscal Management training modules will explain how to complete the Budget and what information should be input for the example school.
Questions on the training or Fiscal Management requirements should be emailed to dpichoiceauditreports@dpi.wi.gov.
Live virtual Q&A sessions will be provided in March & April. See below for the dates and information on what will be covered.
Overview of Surety Bond & Budget and Fiscal & Internal Control Practices Requirements
Read the following PowerPoints and trainings:
Overview, General Information, Pupil Counts, & Expense Requirements (Budget Cover Page & Sch 1-3)
| Title | Recording | PowerPoint |
|---|---|---|
| Budget & Financial Requirements Overview | Recording | PPT Slides |
| General Info - Cover Page & Sch 1 | Recording | PPT Slides |
| Anticipated Enrollments - Sch 2 | Recording | PPT Slides |
| Income Statement Review - Sch 3A | Recording | PPT Slides |
| Expense Overview & Salary Expenses - Sch 3-1 | Recording | PPT Slides |
| General Expenses - Sch 3-2 | Recording | PPT Slides |
| Expenses & Expense Review - Sch 3-3 | Recording | PPT Slides |
Revenue, Fixed Assets Requirements, Debt, Financial Statements & Final Schedule Review (Budget Sch 4-12)
| Title | Recording | PowerPoint |
|---|---|---|
| Tuition, Fees & Government Assistance - Sch 4-1 | Recording | PPT Slides |
| Other Revenues & Review - Sch 4-2, 4-3 & 4-4 | Recording | PPT Slides |
| Fixed Assets - Sch 5 | Recording | PPT Slides |
| Debt - Sch 6 | Recording | PPT Slides |
| Financial Statements & Reserve Balance - Sch 7-10 | Recording | PPT Slides |
| Contingency Funding & Final Review - Sch 11 & 12 | Recording | PPT Slides |
| Holy Love Example Review | Recording | PPT Slides |
Live Virtual Q&A Sessions
In order to assist schools in understanding the fiscal requirements for the program and provide schools with the opportunity to ask question on the training materials, the department will provide a series of live virtual sessions. These sessions are optional but the department strongly encourages schools attend the sessions. The initial part of each session will provide an overview of some of the fiscal management topics. The remainder of the session will be open for questions on any topics in the fiscal management training. The department strongly encourages participants watch and/or read the required on demand virtual modules on each topic prior to the corresponding live session. However, it is not required.
Since the department will be sharing PowerPoints and/or screens on Microsoft Teams during the training, participants are encouraged to participate online with Microsoft Teams by clicking on the applicable Microsoft Teams Link below. However, an audio only option is available if a school does not have an Internet connection during the training.
| Overview Provided During Session | When | Recommended Advance Trainings |
Meeting Link &Call In Number (Audio only) |
|---|---|---|---|
|
Monday, March 23, from 9:30-11:30 aM | Recommended Advance Training |
Meeting ID: 252 913 852 945 7 608-620-9781, Phone Conference ID: 313 717 54# |
|
Thursday, April 2nd, from 2 - 4 PM
|
Recommended Advance Training |
Meeting ID: 288 383 580 596 5 608-620-9781, Phone Conference ID: 248 060 878# |
Who should complete the training?
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All Choice administrators for schools new to the Choice programs in the 2026-27 school year must complete this training. It is also strongly advised that the accountant/bookkeeper for the school also complete the training. Finally, schools should consider having more than one representative who qualifies to serve as the school’s Choice administrator complete the training. (Note: the Choice administrator must meet the educational credential requirement as described in the Staff Credentials Bulletin above.)
-
New schools are not permitted to change who will serve as the Choice administrator prior to August 1, 2026 unless the individual has completed the fiscal management training.
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If you have any questions, please e-mail dpichoiceauditreports@dpi.wi.gov.
or call toll free 1-888-245-2732 ext. 3.