Overview of tax terminology, levy components, and timelines. The majority of the session includes how to budget property tax revenue and perform year-end reconciliations on property tax revenue. IMPORTANT: As part of this course, attendees will need to have access to their Pay 23 levy report. Please either bring a printed copy of your Pay 23 levy or a laptop for you to access it. All other printed handouts will be provided onsite to attendees.
This session will discuss in detail the different kinds of investments available to school districts, along with liquidity, investment policy and Minnesota legal requirements. Cash flow management strategies will also be reviewed, including short term borrowing and arbitrage.
Topics will include bus types and sizes, bus maintenance, owning vs. contracting, contract specification, purchasing laws, safety programs and fuel storage. Year-end allocation (mileage vs. routes, other funding sources), and calculating rates and chargebacks will also be covered.
