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ERIC Number: ED497352
Record Type: Non-Journal
Publication Date: 2007-Jun
Pages: 68
Abstractor: ERIC
Reference Count: 17
Forum Guide to Core Finance Data Elements. NFES 2007-801
National Forum on Education Statistics
This document provides an overview of key finance data terms and is designed to accompany the "Financial Accounting for Local and State School Systems: 2003 Edition" by identifying common reporting requirements and defining frequently used indicators and calculations using data elements from accounting and other data systems. It also covers the two National Center for Education Statistics (NCES) public school finance surveys: the state-level National Public Education Financial Survey and the School District Finance Survey (or F-33). Differences and similarities between the two surveys are described. Following an introduction, Chapter 2 of this guide provides general information about basic concepts and terms used in school finance reporting as well as several federal data collections. This information includes descriptions of the collections, useful online tools for data analysis, and differences in the federal collections and their respective reporting requirements. Overview descriptions of finance data element categories are also provided. Chapter 3 contains definitions for key finance data elements. Definitions of pupil counts that are used for per pupil expenditure calculations are included. Chapter 4 contains a listing and definitions of key finance indicators and economic adjustment indexes. It contains a discussion of the methods for incorporating accounting and non-accounting finance elements as measures of financial condition, funding equity, and other education-related indicators. Additionally, common economic adjustment indexes are described. Information on federal dollars for education and data requirements is presented in appendix A. NCES education finance collection elements and key calculations are identified in appendix B, and differences between NCES and U.S. Census Bureau federal finance data collections are described in appendix C. (Contains 3 tables.) [This guide was produced by the National Forum on Education Statistics.]
National Forum on Education Statistics. 1990 K Street NW Room 9095, Washington, DC 2006. Fax: 202-502-7475; Web site:
Publication Type: Guides - General; Reports - Descriptive
Education Level: Elementary Secondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: National Center for Education Statistics (ED), Washington, DC.
Identifiers - Assessments and Surveys: National Public Education Financial Survey
IES Funded: Yes
IES Cited: ED505993