ERIC Number: ED335206
Record Type: Non-Journal
Publication Date: 1991-Aug
Reference Count: N/A
Efficient Financial Management in Rural Schools: Common Problems and Solutions from the Field. ERIC Digest.
Based on a recent nationwide survey of rural administrators, this digest reports on the financial problems of rural school districts and some possible strategies for improvement. Rural administrators reported the following financial management problems: (1) cash flow problems due to late receipt of state aid or taxes; (2) expenditures that are increasing at a faster rate than revenues; and (3) inadequate funding to provide modern technology and equipment and competitive teacher salaries. Districts have developed some general strategies to improve financial management, including seeking competitive bids or comparison pricing for all purchases, developing partnerships with local organizations, using volunteers and student employees, sharing personnel and resources with other districts, and maximizing staff productivity. Although most rural districts are not satisfied with current state funding formulas, rural administrators reported strategies to make the school finance formula work more effectively for their district. Rural-specific options for increasing efficiency include implementing a 4-day school week and developing interdistrict cooperative agreements in the areas of interscholastic athletics and telecommunications services. Effective financial planning should involve the input of many school and community participants, a clear sense of priorities during budget construction, and cautious forecasting. (SV)
Publication Type: ERIC Publications; ERIC Digests in Full Text
Education Level: N/A
Sponsor: Office of Educational Research and Improvement (ED), Washington, DC.
Authoring Institution: ERIC Clearinghouse on Rural Education and Small Schools, Charleston, WV.