ERIC Number: ED486684
Record Type: Non-Journal
Publication Date: 2004
School Money Matters: A Handbook for Principals
Mutter, Davida W.; Parker, Pam J.
Association for Supervision and Curriculum Development
Even the best educational leaders can be unprepared for the responsibility of spending and accounting for the thousands of dollars that pass through school's books each year. Without a solid understanding of school financial management, administrators may find it a serious distraction from their primary pedagogical mission. They also risk damage to their careers and to the reputations of their schools. This book is a concise, practical desk reference, based on sound accounting principles and written specifically for professionals at the school level. Understandable guidance on the following critical topics is offered, but not limited to: (1) Activity Fund Safeguards; (2) Bookkeeping Basics; (3) Gifts to Students or Staff; and (4) Transfers and Adjustments. Featuring a comprehensive glossary of school financial management terms, graphic organizers to clarify complex accounting concepts, and a checklist for monitoring financial activities throughout the year, this book provides the information principals need to safeguard school funds and protect themselves--and their staffs--from the suspicion of theft or laxness. It also comes with a CD-ROM of downloadable financial forms that principals can use and disseminate in their own schools. Chapters in the book include: (1) Activity Fund Safeguards; (2) Admission Tickets; (3) Bank Reconciliation; (4) Bookkeeping Basics; (5) Credit/Purchasing Cards; (6) Employee Embezzlement; (7) Encumbrance of Funds; (8) Field Trips; (9) Fund-Raising Events; (10) Gifts to Students or Staff; (11) Online Purchasing and Electronic Banking Transfers; (12) Parent Organizations; (13) The Petty Cash Fund; (14) Raffles; (15) The School Budget; (16) The School Store; (17) Staff Reimbursement; (18) Surviving an Audit; (19) Transfers and Adjustments; and (20) Vending Services. The following are appended: (1) Financial Checklist for Principals; and (2) Financial Forms. A glossary of school accounting terms is included.
Descriptors: School Funds, Purchasing, Money Management, Guidance, Check Lists, Accounting, Principals, Parent Associations, Field Trips, Banking, Administrator Role, Educational Finance
Association for Supervision and Curriculum Development (ASCD), 1703 North Beauregard Street, Alexandria, VA 22311. Tel: 800-933-2723 (Toll Free); e-mail: firstname.lastname@example.org.
Publication Type: Books; Guides - Non-Classroom
Education Level: N/A
Authoring Institution: Association for Supervision and Curriculum Development, Alexandria, VA.