Synopses & Reviews
This practical, easy-to-read guide explains the “why,” “What,” and “how” of school finance to those who need to understand the fundamentals of financial management. It allows readers to make the kind of informed, effective decisions that serve both the student body and the school's bottom line. Coverage incorporates the history of school finance and the changes that have come about in recent years; aligns its content to the most recent NCATE standards; and provides enough of the “nuts and bolts” of financing to ensure that the reader will easily grasp the subject. An expansive Resources for Administrators section at the end of the book provides the numerical standards used by all state Departments of Education and a comprehensive glossary of specialized financial terms make this book an excellent resource. A must-have desk reference for administrators in all facets of the education system. This book is also useful for those who sit on Education Boards, as well as those who make decisions about their community's use of resources.
Synopsis
This practical, easy-to-read guide explains the "why," "What," and "how" of school finance to those who need to understand the fundamentals of financial management. It allows readers to make the kind of informed, effective decisions that serve both the student body and the school's bottom line. Coverage incorporates the history of school finance and the changes that have come about in recent years; aligns its content to the most recent NCATE standards; and provides enough of the "nuts and bolts" of financing to ensure that the reader will easily grasp the subject. An expansive Resources for Administrators section at the end of the book provides the numerical standards used by all state Departments of Education and a comprehensive glossary of specialized financial terms make this book an excellent resource. A must-have desk reference for administrators in all facets of the education system. This book is also useful for those who sit on Education Boards, as well as those who make decisions about their community's use of resources.
Table of Contents
Dedication.
Preface.
PART I: FINANCING PUBLIC EDUCATION. 1. Introduction to School Finance for School Leaders.
2. Economics and Education: A Synergistic Relationship.
3. Revenue, Income, and Fiduciary Money: The Base for Financial Planning.
4. Financing Educational Equality: Access, Treatment, and Outcomes.
PART II: CONSTRUCTING A STRATEGIC FINANCIAL PLAN. 5. The Components of a Strategic Financial Plan.
6. The Financial Framework for a School District.
7. Contents and Process of the Accounting System.
8. Contents and Process of the Budget System.
PART III: PREPARING AND ADMINISTERING SITE-BASED AND DISTRICT PLANS. 9. Preparation and Administration of Instructional Strategic Financial Plans.
10. Financing School Facility Projects.
11. Financing Non-Instructional Operations.
12. Financial Reports, Performance Assessments, and Accountability.
Resources for Administrators.
A: Chart of Accounts.
B: Set of Accounting Funds for a School District.
C: Revenue Budget Numbers and Sources.
D: Expenditure Numbers—Program.
E: Expenditure Numbers—Function.
F: Expenditure Numbers—Object.
G: Revenue Numbers: General Fund.
H: Revenue Numbers: Special Revenue Fund.
I: Revenue Numbers: Capital Projects Fund.
J: Revenue Numbers: Debt Service Fund.
K: Revenue Numbers: Enterprise Funds.
L: Revenue Numbers: Internal Service Funds.
M: Revenue Numbers: Fiduciary Funds.
N: General Fund Statement of Revenues, Expenditures and Changes in Fund Balance—Budget and Actual for the Fiscal Years ended June 30, 20X1 and 20X0.
O: Combined Statement of Revenues, Expenditures and Changes in Fund Balance—All Governmental Fund Types for the Fiscal Year Ended June 30, 20X1 (with comparative totals for June 30, 20X0).
Glossary.