Considers leadership development and research as two ways of improving institutional decision making. Proposes an agenda for future development to strengthen the financial management of the nation's community, technical, and junior colleges. (AYC)

Addresses some of the tools and methods available to the business administrator as well as some of the obstacles present in communicating financial information. (MLF)

Updates the Governmental Accounting Standards Board (GASB) statements, which pronounce upon and provide guidance in accounting and financial reporting for state and local governmental entities. Describes the development of GASB's governmental finance-reporting model project and identifies five components of internal control. One figure and two…

Briefly describes seven professional standards for school business officials from a document completed by professional standards committee and approved the Board of Directors of the Association of School Business Officials International in July 2001. Complete document is available on association's website at www.asbointl.org. (PKP)

This chapter of "Principles of School Business Management" introduces the concept of cash management, or the process of managing an institution's moneys to ensure maximum cash availability and maximum yield on investments. Four activities are involved: (1) conversion of accounts receivable to cash receipts; (2) conversion of accounts payable to…

Presents the history, advantages, and requirements of the Association of School Business Officials' Certificate of Excellence Program. Receiving a Certificate of Excellence provides evidence of the integrity and technical competence of a school system's fiscal administration to the board members and superintendent. (MLF)

Four experienced college business officers discuss how to communicate financial information to the college community. They focus on the importance of establishing trust within the institution; the role of the business officer in strategic planning; typical misunderstandings and how to avoid and correct them; supporting the president; and keeping…

Rethinks the use of teachers, a school's most expensive and important resource. Four categories could benefit from restructuring: teacher and aide allocation/assignment, teacher compensation, student support services, and general and special program administration. Middletown, New York, actually improved its student:teacher ratio by using its…

This article argues that hiring a business manager makes good fiscal sense in many school districts if it frees the superintendent to focus on important educational tasks. (TE)

Underscores the importance of informed decision making through accurate anticipation of cost incurrence in light of changing economic and environmental conditions. Explains the concepts of cost accounting, full allocation of costs, the selection of an allocation base, the allocation of indirect costs, depreciation, and implications for community…

Reviews ERIC materials dealing with money management, fund raising, financial planning, and other aspects of college administration dealt with by campus business officials at community colleges. (AYC)

Computer hardware and software alone do not improve a financial management system. They are only the tools that carry out commands. College business offices and related administrative functions must commit effort to improving the overall system. Available from Peat, Marwick, Mitchell & Co., 345 Park Avenue, New York, NY 10154. (MSE)

A cash flow analysis is charting expenditures and revenues against a factor of time. Explains how school systems can, by charting the congruency of revenues and expenditures carefully, develop an investment program to take maximum advantage of a positive cash position. (MLF)

At certain times of the year, school districts have a significant amount of money available. That money, properly invested, can represent a valuable source of additional funds. Describes bank options and factors to be considered in an investment policy. (MLF)

This bulletin focuses on four aspects of budget development and management in local school districts. Chapter 1 describes the general budget development process, highlighting variations some Oregon districts have found useful. The chapter outlines the responsibilities of educational agencies and district staff members at various levels and reviews…