School business officials should realize that achieving the Government Finance Officers Association's Certificate of Excellence in Financial Reporting will not always result in a high rating. Washington, D.C. has received this award for several years while flirting with bankruptcy. This article reviews the workings of financial markets for…

This chapter of "Principles of School Business Management" presents an overview of risk management for school districts. The chapter first discusses four fundamental elements of risk management: (1) identifying and measuring risks; (2) reducing or eliminating risks; (3) transferring unassumable risks; and (4) assuming remaining risks.…

Self-insurance pooling programs are emerging among school districts due to the insurance market crisis. School business managers, therefore, have been attempting to avoid hostile carriers by adopting such programs. (CJH)

An alternative to school district protection during the current insurance crisis is self-insurance consolidation, which can eventually reduce premiums and enable needed tort reform. (CJH)

As many court cases demonstrate, insuring against punitive damages is a complex issue facing school districts. Districts should secure competent legal counsel when purchasing liability insurance that specifically covers all potential punitive awards. (12 citations) (CJH)

The Insurance Service Office's extensive revisions of its commercial general liability policy, including the "claims made" coverage, have been approved in most states. Before accepting a policy in today's insurance market, purchasers should be aware that defense costs can create problems during settlement negotiations. (CJH)

Risk transfer is the process of finding an entity to assume the burden of liability. Opportunities for risk transfer agreements for school districts include outside contractors, use of facilities, rental of buildings and equipment, and school trips. Figures show two sample hold-harmless agreements and basic types and levels of coverage. (MLF)

Numerous studies have reported the deteriorating conditions in school buildings. One of the primary causes of this national problem is lack of proper maintenance of school facilities. Outlines a comprehensive assessment and planning process to provide a district with a road map for making decisions about facility improvement. (MLF)

The starting point of an effective school safety program is the development of a written policy statement that reflects the school board's belief in safety for its students and that is widely publicized to the staff and community. A sample safety/security policy is provided that lists, first, the superintendent's responsibilities in establishing a…

The school business administration function in the operation of American schools has undergone dramatic changes during the past several years. Changing demographics, high technology, the movement to professionalize school administration, and changes by the legislative and judicial systems have all had significant impact on the character of school…

This revised handbook sponsored by the National Association of College and University Business Officers (NACUBO) is seen as the authoritative reference for higher education administrators because it reflects the consensus of the profession, achieved through systematic and thorough review by hundreds of business officers. The book is divided into…

Thirteen articles on major topics facing school business officials in the 1980s are presented in this book. The titles and their authors are (1) "The Pursuit of Equity in Financing Public Education," by R. Craig Wood, Helene B. Jones, and William L. Riley; (2) "Facilities: Major Issues Ahead," by C. William Day; (3)…

This textbook reviews the principal concerns within each of 13 major responsibility areas in school business administration. The first chapter assesses the political, social, and economic context in which schools function and school administrators work. The role and function of the school business administrator within this context is addressed in…

This textbook of 24 chapters provides administrators and students with information on the role, activities, and responsibilities of the school business administrator. The independently authored chapters are titled as follows: (1) "Introduction to School Business Management" (F. Mike Miles); (2) "Legal Context of the Public School District" (Paul…