May Revision Workshop
As expected, 2015-16 is shaping up to be yet again another interesting year for school administration and finance. This workshop provides the information needed to close the books for 2014-15 and to finalize the district budget for 2015-16, which is assured to be chock full of last-minute changes. The May Revision is a statutorily required action by the Administration and is an opportunity for the Governor to recast his Budget proposals and present new proposals in view of a revised revenue outlook. We expect the May Revision to incorporate the results of revised revenues, finalize the Local Control Funding Formula (LCFF) for 2014-15, and to incorporate any revision to the state’s planned funding of LCFF for 2015-16.
Special Education: Both Sides of the Equation
State and federal revenues for special education do not provide adequate resources, so LEAs are required make up the difference. Since 2003-04, General Fund contributions towards special education have averaged around 25%, making effective resource management not only desirable but essential.
The Audit Challenge: Updates and New Considerations
Every year the Audit Regulations are updated to add new programs based on newly enacted legislation or audit findings identified through the submission of audit reports to the State Controller’s Office.
We are now into the second year of the Local Control Funding Formula (LCFF) and local educational agencies (LEAs) are in the first year of the Local Control and Accountability Plan (LCAP). High expectations and accountability are paramount under the LCFF, so how do you determine the impact on the operations of the LEA related to the annual audit? A finding of noncompliance can result in an LEA losing a significant amount of revenue. Knowledge and preparation could be the key to resolving issues early. This workshop incorporates need-to-know, up-to-date information on all of these changes, and sound advice on internal controls and fraud prevention.
Fiscal Aspects of Negotiations
Many districts are struggling with collective bargaining issues this year, but they also face very tight travel and professional development budgets. Some months ago, in anticipation of this situation, School Services of California, Inc., (SSC) made a commitment to change the mode of delivery on some of its foundational workshops. The “Fiscal Aspects of Negotiations” workshop, which we have presented in a face-to-face format for more than 20 years, has been completed and is now available as a 100% online offering.
Fiscal Implications of School District Reorganization
In an effort to continue to meet the changing demands on our clients, we are now offering the Fiscal Implications of School District Reorganization as an online workshop. This format provides many benefits, including ease of viewing at your desk, viewing the presentation at a time that is convenient to you, and eliminating the need to travel to a location outside of the area.
Associated Student Body
The number one area for findings in an audit report are those in the area of Associated Student Body (ASB). It is critical that district- and site-level staff receive training in this area on a regular basis to ensure that the district, as well as the employees, are being protected.
There have been changes to regulations over the last several years related to food sales. Site-level staff need to become familiar with these regulations as they work with students and fundraising events. This format will allow the school agencies to build capacity within their organization by expanding the number of employees that receive training who are involved in the handling of ASB funds.
The state of California provides funding to school agencies based on actual attendance, which indicates that school agencies do not receive funding for students who are not in school. The funding received for students attending school is a significant portion of school agencies’ operating revenue. California school agencies have been hit hard by the economic downturn and any adjustments to funding, no matter how small, can be significant. The importance of understanding the regulations for attendance is at an all-time high. There is too much at stake—academic achievement and funding.
Fiscal Solvency for School Districts
School Services of Caifornia, Inc. and the Fiscal Crisis and Management Team (FCMAT) have teamed up to provide a free online workshop on fiscal solvency.
Hear from Joel Montero, Ron Bennett, and John Gray as they discuss the various aspects of district financial management including:
- Multiyear planning
- Cash management
- Other budgetary challenges facing school districts today