Construction Basics and Accounting

The passage of Proposition 2 has brought both much-needed funding for new construction and modernization projects and major changes to the School Facility Program (SFP). Understanding the new opportunities and requirements under the SFP will ensure your local educational agencies are prepared to access state funding. Additionally, knowing the basics of school construction and funding before embarking on facilities projects is important as they require the establishment of facilities-specific fiscal processes and tracking to ensure that public dollars are spent with fidelity. This webinar will provide an overview of the timelines and approvals necessary for the construction and/or modernization of school facilities, step-by-step details on the basics of school construction accounting, tips on getting both your physical and electronic files and accounts organized, and updates on the discussions and approved and pending regulations being considered by the State Allocation Board.

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