FiTWiG March 29 v7 - Edunomics Lab

©2018 Edunomics Lab, Georgetown University

Taking StockMarch 29, 2018

ZoomPlatform

• Everyoneismuted,butcanunmuteyourself• Noneedtousevideo• Usechatfunctiontochatthegrouporindividuals• Pleasementionyourstatewhenyouchatacommentorquestion


Agenda

1. Quickquestions2. Exclusionstablereview3. True/False4. Stateapproachestorulesettingaroundexpenditurecoding:

prescribeornotprescribe?


GroupQuestions1. Howisyourstateplanningtocountenrollment?

a) ADAb) ADMc) Otherd) Notsure

2.Hasyourstateissuednew(orchangestoexisting)accountingrulesforLEAsaroundFT?

a)Yesb)Notyet,butwewill(when?)c)Notplanningtodothisd)Notapplicable(forstatesthatalreadyhaveschoollevelcoding)


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.


Templateinprocess.

GroupQuestions3.HowisyourstatehandlingImpactAid?

a) Includingatstate/locallevelb) Includingatfederallevelc) Notsureyet

4.Haveyoucommunicatedwithlocalschoolboardsyet?a)Yesb)No,butareplanningto(when?)c)No,andnotplanningto(assumeLEAswilldothat)


GroupQuestions5.Whichifanystateconferences/meetingsareyouplanningtoshareinfoonFT

a) StateASBOb) Principalassociationsc) Superintendentassociationsd) Schoolboardassociations,e) Other

4.Doesyourstaterequirethatschoolboardmembersreceivetrainingonfinancesa)Yesb)Noc)Notsure


IFRisLIVE!(thoughwecanstillissuelaterversionsifneeded)

http://edunomicslab.org/interstate-financial-reporting/

• Feelfreetosharewithyourteams,orlinktoitinyourcommunicationswithothers.

• Ed-FiisreworkingthefinancialdomaintoensureIFRdataelementscanbepulledviatheEd-FiAPI(forstateswhousethat).


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.


Totell(districtshowtocodeexpenditures)ornottotell:thatisthequestion….


Approach3:LEAsmaketheirownchoicesaboutwhichobjects/functionsassignedtoschools,whichtocentral

Approach1:SEAspecifieswhichobjects/functionsassignedtoschools,whichtocentral

Twoendsofthespectrum

“Tightlycontrolled” “Loosey Goosey”


Approach1:“Tightlycontrolled”SEAspecifiesobjectsorfunctionstobecodedtoschools

Benefits:• Enablesmorecomparabilityofthebreakoutofschool-basedexpendituresandLEAsharedexpendituresacrossdistricts(notethatthegrandtotalsarecomparableacrossschoolsanddistrictsregardlessofmethodology).

Considerations:• Requiresapportioningmethodology(howtodivvyupasharedcostsuchasprofessionaldevelopment)ifitmustbeassignedtoschools.

• OnerousforsomeLEAstoartificiallyseparatecentral-levelcostsfromschool-levelcosts.

• MayconstrainLEAspendingchoicesandstymiecreativityandflexibility.

• SEA(notLEA)answersquestionsaboutwhycostsassignedtoschoolvscentral.

• Trainingofdistrictfinancialstaff.


Approach3:“Loosey Goosey”Afterteachersalaries,LEAschoosewhatisschoolvscentral

Benefits:• Districtswillfacehealthyquestionsabouttheirchoicesonhowmoneyisassigned,andcanchangespendingstrategyandcodingapproachovertime.• Lowerrequirementsfortraining,implementation.

Considerations:• Grandtotalsarecomparableacrossallschools,althoughthepartialsumscodedtoschoolandcentralwillvary.• Lessuniformityincodingapproachesstatewide.


Approach3:LEAsmaketheirownchoicesaboutwhichobjects/functionsassignedtoschools,whichtocentral

Approach1:SEAspecifieswhichobjects/functionsassignedtoschools,whichtocentral

Twoendsofthespectrum

Approach4:Hybrid:SEAspecifiesminimumcoststhatmustbeassignedtoschoollevel.LEAchoosesremaining.

“Tightlycontrolled” “Loosey Goosey”


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


[email protected]

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





HOW TO APPLY


Virtual classes every other Thursday following the residency ending on 11/15/2018





HOW TO APPLY


Please forward nominations via email to: [email protected]://mccourt.georgetown.edu/cef


FiTWiG Supporters

Nextvirtualmeeting:April17,1-2pmETTopic:ResourceAllocationReviews

Needsomeone-on-one,statespecificassistance?Setupacallwithus!EmailKatietoschedule([email protected]).

FiTWiG March 29 v7 - Edunomics Lab

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