Financial transparency, charters and guests highlight regional meetings
Kentucky School Advocate
October 2018
By Josh Shoulta
Staff writer
Public school funding, including communicating financial decisions to district residents, is the focus of this year’s KSBA regional meetings. Amy Peabody, KSBA’s staff attorney, legal training services, discusses federal, state and local funding and identifies the challenges they pose to district leadership.
Adding to the complexity is the board’s new responsibility of monitoring the funding of charter schools.
During the session, entitled “Show me the Money,” Peabody also details how districts administer funds, how boards explain funding to the community and boards’ responsibility to monitor charter school finances.
Peabody uses hypothetical situations to explain best practices and engages the audience with her high-energy, light-hearted style.
“My goal is to give our members a clear sense of the funding layers they may not be as familiar with,” she said. “From there, we work on how to share this information with the public.”
Peabody also emphasizes the important role boards play as charter authorizers.
“School boards have the power to deny or revoke a charter contract if that entity cannot uphold defined financial management standards,” she said. “Board members need to have a solid understanding as to the breadth of that authority and the current regulations.”