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School Improvement # 17 School Fund Balance
Manage episode 346855660 series 3404234
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This is a simple explanation of what district fund balances mean and why it is important to know. 17% represents 2 months of operational cost and should be the goal of all district to achieve and maintain. Don't systematically spend more than you take in. It is important to know the difference between "Need to Do" and "Nice to Do". Staff expenses range normally between 60-80 percent of a budget. The closer your district is to 80% the more difficult it is to have a fund balance at 17%. Fund Balance is a snap shot at the end of a year to give you the starting point for next year and it's like GPA, easy to lower and hard to increase.
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Email: mwesterburg@gmail.com
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