ED 7004 Week 3
Published on Nov 18, 2015
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MORE DECKS TO EXPLORE
PRESENTATION OUTLINE
FYI
- Fees (be careful!)
- Investments (MSDLAF)
- Transportation fees (two miles, hazardous crossing)
Photo by Great Beyond
Practicality 101: Fund Balance
- 'Rainy Day' fund
- Every fund has a fund balance
- Undesignated, unreserved General Fun
Photo by kevin dooley
Practicality 101: Fund Balance
- Can only be spent once
- Not good to be used for ongoing expenses
- Mitigate unexpected issues
- 'Soften' financial falls
- School Board goals
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Operating Capital
- Specific funding formula from MDE
- Based on students, square footage, age of buildings
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Operating Capital
- 'Stuff'
- Textbooks, computers, tablets, roofs, parking lots, sound proofing, etc.
- Very limited salaries
Photo by bump
Operating Capital
- 10 year deferred maintenance plan
- Long Term Facilities Maintenance Revenue
Photo by Mr.Thomas
