Mandated Topics: Finance

Mandated Topics: Finance

All Together Now - For Experienced Members! 
PC1 | Friday, March 2 | 9 a.m.-noon
Looking for a convenient way to earn credit in the mandated topics of ethics, finance and superintendent evaluation?  Attend this session to learn important information while working toward meeting annual requirements. Special one-hour versions of these workshops are included:
  • Board Members and Constitutents: The Ethical Edge (Meets mandated ethics training requirement)
  • The Biggest Piece of the Budget Pie: Salaries and Benefits (Counts toward mandated finance training requirement)
  • Success with SPGES (Meets mandated superintendent evaluation training requirement)
This session is for experienced board members, but open to members of any length of service. It’s especially convenient for members who need only one hour of each topic to meet their annual requirements.

All Together Now – Back to Basics! 
PC2 | Friday, March 2 | 9 a.m.-noon
Building a strong foundation in board roles and responsibilities helps prepare board members for the work of the board/superintendent team.  Attend this session to learn the basics and receive training credit in the mandated topics of ethics, finance and superintendent evaluation.  Special one-hour versions of the following workshops are included:
  • Board Members and Constitutents: The Ethical Edge (Meets mandated ethics training requirement)
  • Finance II: Dollars and Sense (Counts toward mandated finance training requirement)
  • The Basics of Superintendent Evaluation (Meets mandated superintendent evaluation training requirement)
Developed with the needs of new board members in mind, this session also is open to board members of any length of service who are interested in the basics of board work.
 
Finance I A, I B, II  
PC4  | A/S Level III required topic School Finance; meets mandated finance training requirement
School board members in their first term of office are required to receive three hours of finance training. Attendance at this session will not only meet that requirement but provide information on the basics of school finance and how effective use of finances can assist the district in reaching goals.  
  • School Board Fiscal Responsibilities:  Driving Success Through Informed Decisions | Part I A | This is the first of a two-part series that examines the broad fiscal responsibilities of school boards. Topics include procurement, facilities, transportation, financial reporting and audits. 
  • School Board Fiscal Responsibilities:  Driving Success Through Informed Decisions | Part I B | This is the second of a two-part session that examines the broad fiscal responsibilities of school boards.  Learn how school boards can support district goals and prioritize allocation of resources that drive student achievement.
  • Finance II:  Dollars and Sense | Participants learn about the budgetary process and how to provide guidance and oversight of a fiscally responsible budget that supports the mission of the district. Learn about the different funding sources, including restricted and discretionary funds, how to ask the right questions and identify budget “leaks.” Budgetary decisions, requirements, reporting and timelines are also discussed.  
Finance III: Dollars and Decisions
A2 | Friday, March 2 | 3:15-4:30 p.m.
Level III required topic School Finance
Counts toward mandated finance training requirement
This session extends the budgeting and resource allocation down to the school level.  Participants learn how policy and discretionary decisions impact funding for instructional resources at the school level, including classroom sizes and instructional material. Participants see how the budget extends to the procurement and payment process and get a short overview of restricted funds and the scope of the annual audit.
 
The Biggest Piece of the Budget Pie: Salaries & Benefits
B2 | Saturday, March 3 | 10:15-11:30 a.m.
D1 | Saturday, March 3 | 3:30-4:45 p.m.
Level III required topic School Finance
Counts toward mandated finance requirement
State laws and local board policies call for Kentucky school boards to set the qualifications, duties and compensation for all school district employees. This session helps board members better understand the budget impact of salaries and benefits, salary schedules, staff funding sources, types of salary schedules, additional staff pay, and  benefits for both certified and classified staff.
 
Nickel Know-How
B5 | Saturday, March 3 | 10:15-11:30 a.m.
Level III required topic School Finance
Counts toward mandated finance training requirement
Securing revenue for capital construction is vital for many superintendents and board teams. The presenter has led two successful nickel levies, yielding $70 million in bonding potential to build schools in two very different communities. Discussion focuses on strategies to help districts successfully levy a recallable nickel.
 
Capital Funds
C2 | Saturday, March 3 | 2-3:15 p.m.
Level III required topic School Finance
Counts toward mandated finance training requirement
How are funds  generated for Building Fund and Capital Outlay Fund, and what are the restrictions that are applied to these funds? Learn the details in this session, which also provides an overview of the capital funds request form and how to use these funds for operating expenses. Also covered are bonding capacity and issuing bonds. 
 
Annual Financial Audit
C5 | Saturday, March 3 | 2-3:15 p.m.
Level III required topic School Finance
Counts toward mandated finance training requirement
School district staff may be involved with various types of audits throughout the year. The Kentucky Department of Education may audit attendance, transportation or testing; the federal government may audit any of its education programs. But the school board is responsible for choosing an auditor. Participants learn about the process, the timeline and specific responsibilities regarding the audit.
 
Financial Audit Recommendations for Effective School Boards
D2 | Saturday, March 3 | 3:30-4:45 p.m.
Level III required topic School Finance
Counts toward mandated finance training requirement
Based on the findings of 21 school district audits, the state auditor’s office devised recommendations to help school districts become more efficient and effective in using taxpayers’ dollars. The recommendations are aimed at local boards of education, superintendents, management and school councils. This session focuses on the latest recommendations local school boards can use to ensure effective financial oversight.
 
Finance Fundamentals: It's About How You Communicate with Numbers
E1 | Sunday, March 4 | 10:30-11:45 a.m.
Level III required topic School Finance
Counts toward mandated finance training requirement
This session explains how the finance team in Warren County Schools communicates information with the finance department, the district and the community. Learn how to better ask questions about finance to get answers that are clear and don’t create confusion. 
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