School Finance for Educators
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School Finance for Educators
Course level: Continuing Teacher Education
This course examines public educational funding and provides an overview for school leaders in the basic concepts of school finance. Topics include economic and social considerations for financing education adequately, equitably, and equally; as well as state and federal roles in education financing, school finance and litigation, finance procedures and practices, and the role of human resources in educational finance. Participants have the opportunity to experience the practical application of these concepts through various tasks, discussions, and scenarios addressing budget and finance issues, culminating in a project to develop their own school district financial plan and budget. This course is not available for enrollment to residents of Alabama, Arkansas, and Kentucky.
What you'll learn
Course skills and outcomes
Economic and Social Considerations for Financing Education; State and Federal Roles in Education Financing
- Explain how the economy and society influence funding for education.
- Summarize how education benefits the economy and society.
- Compare adequate, equitable, and equal funding.
- Describe the role of the federal government in K–12 education historically and currently.
- Analyze funding sources and formulas.
- Analyze how federal aid influences K–12 education.
- Review the sources of revenue available for educational funding.
School Finance and Litigation
- Identify general funding principles established by court decisions.
- Review the issues over using public funds for private education.
- Analyze the effects of educational choice on school finance.
- Recommend methods for funding capital outlay projects.
- Review school bonding practices.
- Define risk management and the effect on school finance.
- Review the types of insurance that school districts are responsible for maintaining.
- Analyze the impact of transportation and food service programs related to school finance.
Finance Procedures and Practices
- Identify the components of an annual budget.
- Identify district and state requirements for financial accounting and auditing procedures and practices.
- Explain the necessary roles to coordinate a school- and district-level budget.
- Outline the steps needed to coordinate a school- and district-level budget.
The Role of Human Resources in Educational Finance
- Determine the relationship between human resources and the budget.
- Explain how the emerging role of teachers affects human resources.
- Evaluate the effects of merit pay related to school finance.