ERIC Number: ED430294
Record Type: Non-Journal
Publication Date: 1999-Apr
Reference Count: N/A
Finance Reform: More Money, More (Spending) Saving.
Sielke, Catherine C.
This paper examines the growth of general-fund balances in Michigan's public schools. It discusses the extent of the unspent dollars, describes the characteristics of school districts that choose not to spend, and details what is sacrificed in districts that choose not to spend their entire budget. Financial data for the research were collected from the Michigan Department of Education for 1995-96. Descriptive statistics were calculated to determine state-level means, medians, ranges, and standard deviations for various categories of data. Results show that in terms of expenditures the biggest differences in districts' expenditure per pupil are due to the funding group and to differences in choices between functions. Although the evidence suggests that there are few differences in the way districts spend their money, some have large balances left over. Reasons for this behavior could be due to the fact that since districts cannot control the level of revenue through local decision-making at the polls, they control their budgets by deciding not to spend. Another explanation for large fund balances may be due to the fact that school-district administrators do not wish to start programs that may have to be canceled due to future funding cuts. (RJM)
Publication Type: Reports - Research; Speeches/Meeting Papers
Education Level: N/A
Authoring Institution: N/A
Identifiers - Location: Michigan