Boone: five years of strong financial practices:
- creation of F&O
- district review committee
- open budget process to engage all stakeholders
- reallocation of millions of dollars to instruction
- received the Meritorious Budget Award
codify what is in place
first five already in place; last two set priorities
- Long Term Budget Planning: use ASBO's criteria with history and projections for the future
- Annual Budget Review: zero-based budget review
- Transparent Budget Process: resource allocation by location; frequent updates throughout the process
- Quarterly Finance Reporting: through F&O subcommittee "has been touted as an example across the state"
- Supplemental and Sustainable Programs: new programs or initiatives "developed, supported, or funded" by grants must have a multi-year grant
- Cap on administrative spending: multi-year history of placing as many dollars as can be to the classrooms; "since 2010, administrative positions have decreased 15%" while teachers, IAs, and nurses have all gone down; 63% less than the foundation budget allocation for administration
- New revenues: for instructional, student or school support, school safety, building maintenance, or student transportation
Guiding document for district financial practices
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