ZoomPlatform
• Everyoneismuted,butcanunmuteyourself• Noneedtousevideo• Usechatfunctiontochatthegrouporindividuals• Pleasementionyourstatewhenyouchatacommentorquestion
©2018 Edunomics Lab, Georgetown University
Agenda
1. Quickquestions2. Exclusionstablereview3. True/False4. Stateapproachestorulesettingaroundexpenditurecoding:
prescribeornotprescribe?
©2018 Edunomics Lab, Georgetown University
GroupQuestions1. Howisyourstateplanningtocountenrollment?
a) ADAb) ADMc) Otherd) Notsure
2.Hasyourstateissuednew(orchangestoexisting)accountingrulesforLEAsaroundFT?
a)Yesb)Notyet,butwewill(when?)c)Notplanningtodothisd)Notapplicable(forstatesthatalreadyhaveschoollevelcoding)
©2018 Edunomics Lab, Georgetown University
Whattoincludeinrules/codingcommunicationforLEAs:üReminderofopportunitythisleveloffinancialdataprovides.üDescriptionofprocesstowardscreatingtherules(i.e.usedaworkinggroupofLEAs).
üNecessarydefinitions,suchasstudent,schoolorsite,LEA,etc.üCleardelineationofroles:whattheLEAisdoingvs.whattheSEAisdoing(i.e.ifSEAwillapportionallcentraloffice-codedexpenditures,orifLEAneedstodothatapportioningbeforesendingdatatoSEA).
üExclusions(andassociatedcodes).üTreatmentofunique/complicatedissues:pre-k,pensions,servicecentersthatservemorethanoneLEA,LEAsthathavenoenrolledstudents,privatefunds.
©2018 Edunomics Lab, Georgetown University
Templateinprocess.
GroupQuestions3.HowisyourstatehandlingImpactAid?
a) Includingatstate/locallevelb) Includingatfederallevelc) Notsureyet
4.Haveyoucommunicatedwithlocalschoolboardsyet?a)Yesb)No,butareplanningto(when?)c)No,andnotplanningto(assumeLEAswilldothat)
©2018 Edunomics Lab, Georgetown University
GroupQuestions5.Whichifanystateconferences/meetingsareyouplanningtoshareinfoonFT
a) StateASBOb) Principalassociationsc) Superintendentassociationsd) Schoolboardassociations,e) Other
4.Doesyourstaterequirethatschoolboardmembersreceivetrainingonfinancesa)Yesb)Noc)Notsure
©2018 Edunomics Lab, Georgetown University
IFRisLIVE!(thoughwecanstillissuelaterversionsifneeded)
http://edunomicslab.org/interstate-financial-reporting/
• Feelfreetosharewithyourteams,orlinktoitinyourcommunicationswithothers.
• Ed-FiisreworkingthefinancialdomaintoensureIFRdataelementscanbepulledviatheEd-FiAPI(forstateswhousethat).
©2018 Edunomics Lab, Georgetown University
SlightIFRExclusionsTweaks
Noticethatpensionsarenotexcluded.Willyourstate’spensionspendingbefullyincluded?
Exclusion NCESCode IFRorOptional
AdultEd/ContinuingEd Program600 IFRExclusion
Capital Object450,700-720;Function4000 IFRExclusion
CommunityServices Program800 IFRExclusion
Debt Object800,820-835;Function5000 IFRExclusion
Equipment Object730-739 Optional
ExtracurricularActivities Program900;Function3300 Optional
FoodService Object570,630;Function3100 Optional
Pre-K LevelofInstruction11 Optional
PrivateContributions Revenue1920 Optional
Transfers Object900-960 Optional
Transportation Object510-519;Function2700 Optional
Tuition Object560-569 Optional
True/False
T/F1.Statesmust issueauniformprocedureacrossallLEAsforhowexpendituresareappliedacrossschools.
T/F2.Statescanuseanaveragingmethodologytoapportioneachdistrict’stotalinstructioncostsacrossschools.
T/F3.Statescanexcludesmalldistrictsfromtherequirement.
©2018 Edunomics Lab, Georgetown University
Totell(districtshowtocodeexpenditures)ornottotell:thatisthequestion….
©2018 Edunomics Lab, Georgetown University
Approach3:LEAsmaketheirownchoicesaboutwhichobjects/functionsassignedtoschools,whichtocentral
Approach1:SEAspecifieswhichobjects/functionsassignedtoschools,whichtocentral
Twoendsofthespectrum
“Tightlycontrolled” “Loosey Goosey”
©2018 Edunomics Lab, Georgetown University
Approach1:“Tightlycontrolled”SEAspecifiesobjectsorfunctionstobecodedtoschools
Benefits:• Enablesmorecomparabilityofthebreakoutofschool-basedexpendituresandLEAsharedexpendituresacrossdistricts(notethatthegrandtotalsarecomparableacrossschoolsanddistrictsregardlessofmethodology).
Considerations:• Requiresapportioningmethodology(howtodivvyupasharedcostsuchasprofessionaldevelopment)ifitmustbeassignedtoschools.
• OnerousforsomeLEAstoartificiallyseparatecentral-levelcostsfromschool-levelcosts.
• MayconstrainLEAspendingchoicesandstymiecreativityandflexibility.
• SEA(notLEA)answersquestionsaboutwhycostsassignedtoschoolvscentral.
• Trainingofdistrictfinancialstaff.
©2018 Edunomics Lab, Georgetown University
Approach3:“Loosey Goosey”Afterteachersalaries,LEAschoosewhatisschoolvscentral
Benefits:• Districtswillfacehealthyquestionsabouttheirchoicesonhowmoneyisassigned,andcanchangespendingstrategyandcodingapproachovertime.• Lowerrequirementsfortraining,implementation.
Considerations:• Grandtotalsarecomparableacrossallschools,althoughthepartialsumscodedtoschoolandcentralwillvary.• Lessuniformityincodingapproachesstatewide.
©2018 Edunomics Lab, Georgetown University
Approach3:LEAsmaketheirownchoicesaboutwhichobjects/functionsassignedtoschools,whichtocentral
Approach1:SEAspecifieswhichobjects/functionsassignedtoschools,whichtocentral
Twoendsofthespectrum
Approach4:Hybrid:SEAspecifiesminimumcoststhatmustbeassignedtoschoollevel.LEAchoosesremaining.
“Tightlycontrolled” “Loosey Goosey”
©2018 Edunomics Lab, Georgetown University
Statesdoingthis(NC,RI)Statesdoingthis(CA,DC,HI,LA,ME,ND,OH,TN,VT,WA)
Statesdoingthis(CO,DE,GA,IL,IN,MA,MI,MS,NE,TX,UT,WV,WY)
Statelandscape:atthismomentintimegivenwhatweknowabouthowexpendituresarecurrentlycodedorplannedtobecodedforFTyear1
StateWebsites– willkeepupdatingNebraska
SchoolFinance:https://www.education.ne.gov/fos/
ESSA:https://www.education.ne.gov/fos/annual-financial-report-school-district/201819-essa-financial-coding-information/
ReportCard:http://nep.education.ne.gov/State?DataYears=20162017#financial-results
Maine
http://www.maine.gov/education/data/ppcosts/Historical/historical.html
http://www.maine.gov/education/data/indicators/indicators.html
NewYork
http://www.oms.nysed.gov/faru/Profiles/profiles_cover.html
Illinois
https://www.isbe.net/essa,FTinfounder“Site-BasedExpenditureReporting
©2018 Edunomics Lab, Georgetown University
Certificate in Education FinanceFinance Strategy, Policy & Leadership
TWO-DAY RESIDENCYJULY 31-AUGUST 1, 2018
Georgetown University, Washington, DC
Following the residency, virtual classes will be held on Fridays between 11:00am - 1:00pm ET every two weeks ending on 11/15/2018.
Taught by, Dr. Marguerite Roza, Director of Edunomics Lab and Research Professor at Georgetown University, the Certificate in Education Finance (CEF) is an interdisciplinary certification combining finance, economics and leadership with public policy and administration. The program targets, but is not limited to, education policymakers; central office leadership; campus and network leaders; analyst and graduate students; grant makers and non profit leaders.
HOW TO APPLY
Applications for the Summer 2018 cohort will be accepted on a rolling basis through June 1, 2018. For more information and to download the application visit: https://mccourt.georgetown.edu/cef
TWO-DAY RESIDENCYJULY 31-AUGUST 1, 2018
Georgetown University, Washington, DC
Following the residency, virtual classes will be held on Fridays between 11:00am - 1:00pm ET every two weeks ending on 11/15/2018.
Taught by, Dr. Marguerite Roza, Director of Edunomics Lab and Research Professor at Georgetown University, the Certificate in Education Finance (CEF) is an interdisciplinary certification combining finance, economics and leadership with public policy and administration. The program targets, but is not limited to, education policymakers; central office leadership; campus and network leaders; analyst and graduate students; grant makers and non profit leaders.
HOW TO APPLY
Applications for the Summer 2018 cohort will be accepted on a rolling basis through June 1, 2018. For more information and to download the application visit: https://mccourt.georgetown.edu/cef
Virtual classes every other Thursday following the residency ending on 11/15/2018
TWO-DAY RESIDENCYJULY 31-AUGUST 1, 2018
Georgetown University, Washington, DC
Following the residency, virtual classes will be held on Fridays between 11:00am - 1:00pm ET every two weeks ending on 11/15/2018.
Taught by, Dr. Marguerite Roza, Director of Edunomics Lab and Research Professor at Georgetown University, the Certificate in Education Finance (CEF) is an interdisciplinary certification combining finance, economics and leadership with public policy and administration. The program targets, but is not limited to, education policymakers; central office leadership; campus and network leaders; analyst and graduate students; grant makers and non profit leaders.
HOW TO APPLY
Applications for the Summer 2018 cohort will be accepted on a rolling basis through June 1, 2018. For more information and to download the application visit: https://mccourt.georgetown.edu/cef
Please forward nominations via email to: [email protected]://mccourt.georgetown.edu/cef
©2018 Edunomics Lab, Georgetown University
FiTWiG Supporters
Nextvirtualmeeting:April17,1-2pmETTopic:ResourceAllocationReviews
Needsomeone-on-one,statespecificassistance?Setupacallwithus!EmailKatietoschedule([email protected]).