At the end of this school year (FY2019), all states and local school districts will be required to report per-pupil expenditure data at the school level as mandated by the Every Student Succeeds Act (ESSA). The new ESSA financial requirements...
How many line items are in your K-12 annual budget? 750? 1000? More? That’s a lot of places for the unexpected to creep in and mess with your carefully crafted financial plan. Save the surprises for birthday parties by getting a better handle on...
Financial systems for school districts are great tools to accurately record revenue and expense transactions. But, as anyone who is charged with creating monthly reports can tell you, that’s where their ease of use ends. It typically takes hours...
Why is it the hardest questions often start with “why?” Why is the transportation fund over budget in October? Why are revenues down from this time last year? Why are benefits a higher percentage of expenditures this year?
You can’t get where you need to go when driving a car by only looking in the rearview mirror. The same is true for your annual budget. If you’re spending the majority of your time reviewing transactions and preparing reports about what just...
How many times have you uttered the old adage “hindsight is 20/20” in a wistful manner? If only you’d had access to the information that’s now available, you could have made a different, better decision.
Often those insights come during the...
Monthly reporting is a best practice for every financial team. It’s part of a standard routine that enables you to monitor and assess actuals against planned in your annual budget and provide your board recurrent updates.
Planning is essential to the success of a school district. Administrators, school boards, teachers and staff spend a lot of time defining goals for how they will measure the performance of students, schools and the district as a whole.
How do you fit strategic planning into your calendar when it’s so jam-packed with daily tasks…it’s hard to find time to eat lunch?
School spirit is a powerful force. Everyone loves to cheer for the successes of their sports teams, fine arts programs, test scores and academic rankings.
