During the last 12 months, the highest courts in 5 states have issued opinions on the constitutionality of their public school funding systems. Briefly reviews decisions and discusses possible future directions of this litigation based on an analysis of the 3 decades of litigation since "Serrano v. Priest" (1971). (Contains 11…

Issuing municipal bonds requires many decisions and involves a number of individuals. Traces basic and essential steps to ensure a successful endeavor. (MLF)

School districts often face unevenly timed state aid and property tax disbursements. As a result, they issue a large volume of short-term, tax-exempt cash-flow operating notes. Offers details about why school districts need to issue notes and discusses the increasing trend of pooled note issues. (MLF)

Discusses balance sheets and income statements for private-sector companies and the ratios that have been developed to guide corporate decision makers. Discusses the various public-sector reports that school districts create and how they can be used to create information via ratios to help school administrators and policymakers in directing and…

A public education foundation is a third-party, nonprofit entity whose agenda consists of developing supportive community and private-sector relationships with a public school system. Outlines steps in creating an educational foundation. (MLF)

Provides an overview of changes in Treasury Regulations as they affect school debt financing, including bond and note construction and acquisition issues, other types of equipment and property financing, as well as tax and revenue anticipation notes for working capital needs. (MLF)

School district participation in the Meritorious Budget Awards (MBA) Program makes budgets more understandable and user-friendly. All budget data are presented in a single document in a pyramid approach that begins with a summary of all funds and then presents individual funds. Provides ordering information for a publication that guides readers…

Difficulty passing referenda to authorize school bonds necessary for important school capital purposes prompted New Jersey to enact legislation to authorize a school district to acquire a site and school building by lease purchase agreement. Advantages, disadvantages, and voter attitude are discussed. (MLF)

Fund balance is the accumulated difference between revenues and expenditures. In the absence of state law, school boards should adopt sound policy regarding fund balance accumulation. Excesses of fund balance raise significant questions about school district management. Fiscal leaders of schools must make every effort to channel all school…

High-growth school districts can learn from Park City, Utah, about the adoption of school facility impact fees. These fees are levied against new residential units to offset the additional costs to a school district. A sidebar summarizes variation in state laws pertaining to impact fees and cites some legal challenges to their imposition. (MLF)

The multiyear forecasting model is a device to focus on the input side of the educational process--staff, materials, facilities, and services. An annual budget can be developed from the multiyear work plan, with specific policy statements being made to achieve the outcomes initially determined to be the goals and objectives of the district. (MLF)

Most of the cost of providing special education is borne by states and local education agencies. Examines changes in federal legislation affecting special education, increase in the target population, and future considerations in funding programs for handicapped children. (MLF)

When faced with severe budgetary reductions, school boards should establish budget-cutting criteria before collecting and analyzing financial data. Site-based budgeting and brainstorming about all fiscal expenditures can help in developing long-term and effective fiscal procedures. (MLF)

Surplus school property must be carefully managed to provide districts with a long-term revenue source. Asset management plans are comprehensive programs to address the long-term revenue and facility needs of school districts. Outlines five basic steps for successfully implementing an asset management plan. (MLF)

The magnitude of special education funding requirements has placed strains on both state and local budgets. Funding formulas for special education can be grouped as resource based, child based, or cost based. A table provides a summary of the incentives and disincentives associated with each type of funding. (13 references) (MLF)