Target Audiences: School Districts
The Fair School Funding Plan made dramatic changes to how per pupil funding was calculated for districts in Ohio. This session will explore:
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Retrospectively – how did your district fare over the past five years – using the FSFP methodology
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How does lack of year-over-year guarantees impact revenue for both formula and guarantee districts
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Local levy impact and understanding (and misunderstanding)
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What role will the economy play in state and local funding
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How to plan for uncertainty
Learn about your district’s state funding profile, and how knowing how knowing your state funding projection trends will:
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Provide better cash management opportunities
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Enable stakeholders to understand local funding status and potential need
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Empower CFO’s and Superintendents to be state funding advocates for their districts
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Build a financial basis for strategically planning the district’s operations
Statement of Accreditation Rationale: Thorough understanding of a district’s finances, including where they have been and where they are projected to go, is critical for any district CFO or decision maker. Having tools, resources, and techniques to quickly get yourself up-to-speed when transitioning to a new district, or helping to communicate your district’s state of finances, can be important for continuity of leadership and making the best financial decisions for a district.