A group of southern Minnesota business managers were discussing the many impacts of the coronavirus on their districts, and the result was a list of “Gains and Losses.” Tom shares this framework and how he has applied it to his work in his own district, and will facilitate a group discussion of possible impacts for your district now and in the future.
In this session, Jennifer Walsh covers how to access and utilize some of the most useful MDE reports. Time at the end of the presentation is reserved for questions and discussion regarding the MDE web site and reports, or any other issues.
Projecting your Average Daily Membership (ADM) is a critical piece in estimating General Education revenue. While there is no way to predict exactly how many students you will have each year, there are some tools that can help you determine if your numbers are "reasonable". This session provides a brief description of the types of pupil units and where they are used. We review tools that look at historical Adjusted ADM and estimate future year Adjusted ADM. This can be used for budgeting General Education revenue in a future year. We also look at fall enrollment and estimate end of year Adjusted ADM to assist with budget revisions.
There have been significant changes to student activity accounts recently due to the new GASB 84 standard being put in place. In this session, we’ll discuss the recent changes to student activity accounts specifically in Minnesota as well as some commonly asked questions and best practices.
School districts have several options or tools that can be used to finance capital projects. Some are well known (e.g., voter-approved bond issues), while others are more obscure (e.g., capital project levies). This session provides information related to the financing tools available to districts, including an explanation of the types of projects that can be financed, process for accessing the financing, advantages, and disadvantages.
Keeping track of the CARES fund buckets can seem overwhelming, and in this session Kathryn will share how she is explaining the buckets to her School Board. To help newer MASBO members manage the funds in their districts, she will be joined by a group of other Business Managers who will share the basics of how they are doing internal tracking and coding, determining what documentation to keep, and preparing for the November 13 deadline.
The federal government has enacted the Families First Coronavirus Response Act, which is effective April 2, 2020. This bill includes: (1) Emergency Family and Medical Leave Expansion Act, and (2) Emergency Paid Sick Leave. This session includes a brief overview of the two components of this legislation, and will then will answer top questions submitted by MASBO members.
Now that a couple of GASB 75 disclosure cycles are behind us, let's discuss what we see most for common errors or inconsistencies in the financial statements. This session provides tips and reminders from an actuarial perspective on getting the issues spruced up.