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.
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.
This session provides the process and benefits of creating and maintaining a Cashflow Spreadsheet. A Sample Cashflow Spreadsheet is provided for you to get started and from the Sample Cashflow Spreadsheet you will be able to create a Spreadsheet specific to your school district’s cash flow needs.
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.
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.
