The Value of a 5 Year Financial Projection: More Than Just a Spreadsheet
Executing a five-year financial projection can be a time consuming and complicated process — especially if you are starting the process for the first time. However, administrators that approach this type of project with a strategic perspective will understand that a financial projection is more than just a spreadsheet. A meaningful multi-year financial forecast can produce tremendous value for a school district — beyond the tables, charts, and graphs that are generated as output.
Using ESSER Funds to Advance Equity
So, when a once-in-a-generation investment in education comes through the system, it behooves school leaders to consider how to achieve an equitable distribution of that investment.Continue Reading
5 Steps to Forecasting in Uncertain Times
Long-term planning has always been a key responsibility for school business officials. But in the wake of the pandemic, this planning has taken on not only a new level of importance, but also a new degree of complexity.
How to Remove Fear from Technology Inventory Audits
You might know what it’s like. The letter arrives in the mail: your district is being audited. As you stare down weeks or months of sweat-inducing, tedious work providing all the documentation that’s going to be required, you wonder… What could I have done to prepare for such a time as this?Continue Reading
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Using Analytics in Negotiations
Bargaining in reaction to outdated and sometimes misleading information is extremely uncomfortable. The experience left its mark and underscored the importance of communicating our district’s “story” to all stakehold¬ers well before any negotiation sessions. That means presenting beyond “where are we now” to “where we expect to be” in a year, two years, and five years down the road based on current trends. It means not only using analytics but also finding a way to make their interpretation easily accessible to everyone.Continue Reading
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Create school board financial reports in minutes? Yes, you can.
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 — even days — of work to manually extract the right data and then build reports the district relies on to manage the health of the budget.Continue Reading
K-12: Forecast the Future to Fight Budget-Busting Surprises
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 what’s headed your way with a process called operational forecasting.Continue Reading
Cash Flow Monitoring for Long-Term Solvency
Why SBOs should consider implementing cash flow monitoring as a long-term solvency solutionContinue Reading
How to Produce an Epic Financial Story
As the finance administrator of your district, you have a number of roles. But did you know? One of the most important parts you play is that of storyteller. How you tell the story of your district’s budget can be a difference-maker in building trust with your board members. How can you use data to give a winning financial presentation? Find out below.Continue Reading
Track More Than Just Technology With Your District’s Asset Management System
Asset management systems can be used to track so much more than just technology assets, ensuring that items that are not tracked in an ERP system are still accounted for. School is a joyful place, and when students and staff collaborate to create something — well, things get moved.Continue Reading
Effective Dating & Conditional Workflows in Position Management
Behind the scenes at any school district, there are playmakers at work — including business officials who keep the gears moving. And behind those people? Their systems and processes. Tried and true methods get the job done, but innovations save time and elevate professionals in HR, Finance, and Payroll to higher-level insights, strategy, and stewardship. And that elevates a school district to stronger learning outcomes.Continue Reading