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Education Finance for School Leaders: Strategic Planning and Administration
C. William Garner, Rutgers University

ISBN-10: 0130978620
ISBN-13: 9780130978622

Publisher: Allyn & Bacon
Copyright: 2004
Format: Cloth; 304 pp
Published: 12/08/2003

Suggested retail price: $81.60
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For courses in finance for educational administrators.

This practical, easy-to-read text will explain the “why,” “what,” and “how” of school finance to future school administrators who, while they cannot be expected to be accountants, must, nevertheless, understand the fundamentals of financial management if they are to do their jobs well. Coverage incorporates the history of school finance and the changes that have come about in recent years; aligns its basic premise to the most recent NCATE standards; and, provides enough of the “nuts and bolts” of financing to ensure that once on the job, students will make the kind of informed, effective decisions that serve both the student body and the school's bottom line.

  • An expansive Resources for Administrators section at the end of the text—Including the set of accounting and budget numbers prepared by the National Center for Educational Statistics (NES).
    • Introduces students to the numerical standards used by all state Departments of Education when reporting to the federal government—provides an invaluable tool for any future administrator.

  • An examination of federal and state efforts to promote financial equity in public education—Including discussion of equity in access, treatment, and outcomes.
    • Familiarizes students with ongoing legal measures to ensure all learners equal standing—helps them understand both the positive and the negative effects of legislation and litigation.

  • Clinical Field Practicum sections in Chapters 5 through 12—In which students compare information gathered from a local school district to the chapter's principles.
    • Engages students in “hands-on” learning experiences involving text concepts—offers them numerous insights from actual financial administrators.

  • Use of Governmental Accounting Standards Board (GASB) directives—As a reference to present Generally Accepted Accounting Principles (GAAP).
    • Facilitates students' understanding of accounting principles and procedures—makes all of the financial material accessible to students with no prior accounting courses.

  • Illustration of the use of computers—Tied to the national set of numbers to be used by the accounting and budgeting systems.
    • Shows students how computer technology can assist a school administrator's “number crunching”—gives them an overview of how budgeting systems work within an overall financial framework.

  • Application Problems —In select chapters.
    • Asks students to put into practice what they've learned in the chapter—involves them in such common activities as computing taxes, identifying/assigning budget categories, updating data from the Web, etc.

  • Discussion Questions, Final Thoughts sections, and References —At the end of each chapter.
    • Provides opportunities for students to reflect on chapter content and gauge their understanding—includes author comments that add related content and cite additional information for self-study.

  • Glossary at the end of the text.
    • Defines the numerous specialized financial terms used throughout the text—helps students review concepts quickly and easily at exam time.



Dedication.


Preface.

PART I: FINANCING PUBLIC EDUCATION.

 1. Introduction to School Finance for School Leaders.

 2. Economics and Education: A Synergistic Relationship.

 3. Revenue, Income, and Fiduciary Money: The Base for Financial Planning.

 4. Financing Educational Equality: Access, Treatment, and Outcomes.

PART II: CONSTRUCTING A STRATEGIC FINANCIAL PLAN.

 5. The Components of a Strategic Financial Plan.

 6. The Financial Framework for a School District.

 7. Contents and Process of the Accounting System.

 8. Contents and Process of the Budget System.

PART III: PREPARING AND ADMINISTERING SITE-BASED AND DISTRICT PLANS.

 9. Preparation and Administration of Instructional Strategic Financial Plans.

10. Financing School Facility Projects.

11. Financing Non-Instructional Operations.

12. Financial Reports, Performance Assessments, and Accountability.

Resources for Administrators.

A: Chart of Accounts.

B: Set of Accounting Funds for a School District.

C: Revenue Budget Numbers and Sources.

D: Expenditure Numbers—Program.

E: Expenditure Numbers—Function.

F: Expenditure Numbers—Object.

G: Revenue Numbers: General Fund.

H: Revenue Numbers: Special Revenue Fund.

I: Revenue Numbers: Capital Projects Fund.

J: Revenue Numbers: Debt Service Fund.

K: Revenue Numbers: Enterprise Funds.

L: Revenue Numbers: Internal Service Funds.

M: Revenue Numbers: Fiduciary Funds.

N: General Fund Statement of Revenues, Expenditures and Changes in Fund Balance—Budget and Actual for the Fiscal Years ended June 30, 20X1 and 20X0.

O: Combined Statement of Revenues, Expenditures and Changes in Fund Balance—All Governmental Fund Types for the Fiscal Year Ended June 30, 20X1 (with comparative totals for June 30, 20X0).

Glossary.

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