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Bargaining in reaction to outdated and sometimes misleading information is extremely uncomfortable.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.
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.
3 Steps in Developing Your Referendum Strategy
Each year brings a new adventure for school district administrators. And for some districts, that means tackling a new referendum with their community. While the district may fully understand the need for a referendum, often the challenge is justifying it to the local taxpayers, who may not understand the resource needs and constraints of the district. To be successful, districts must develop a three-step strategic framework by which they can communicate the district needs, the reasons for those needs and the data that supports those arguments. The success or failure of passing a referendum can many times be traced back to the transparency process and how well informed the public was.Continue Reading
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3 Tips for Making the Case for Data Analytics Tools
The seven most expensive words are, “We have always done it that way.” This statement rests on the foundation that without embracing change and the willingness to move beyond what has been historically done, we are risking greater losses than potential gains. In this dynamic environment, it is critical to evaluate the needs of your organization from multiple angles, past, present, and future. The technology and processes that worked at one time may not meet the needs for the current or future environment.Continue Reading
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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
Four Tips for Building Compelling Visual Stories with Data
As the old saying goes, “A picture is worth a thousand words.” But what happens if the picture is sending the wrong message, or the intended message is being missed? Storytelling with data should be a strategic objective for all school administrators because as the pace of information gathering and sharing increases, it is even more important to be data-savvy and understand how to communicate your position to stakeholders.Continue Reading
5 Ways Collaboration Between Tech and Finance Departments Can Create an Impact
As funds provided to school districts for the use of technology continue to grow, it will become even more important that the business office and technology departments work together.Continue Reading
Change You Can Count On: Change Management in K-12
Education is constantly changing, giving us new opportunities to discover, create and adapt. That goes for all of us: the teachers referring to real world situations and current events to deepen student learning, the Curriculum & Instruction specialists seeking ways to further uphold and implement best practices in evaluations and professional learning, and the administrators who must prepare for and comply with new regulations and expectations.Continue Reading