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ERIC Number: ED551534
Record Type: Non-Journal
Publication Date: 2012
Pages: 171
Abstractor: As Provided
Reference Count: N/A
ISBN: 978-1-2677-9689-9
ISSN: N/A
The Role of the School Business Official in Maintaining School District Financial Solvency
Williams, Ann C.
ProQuest LLC, Ed.D. Dissertation, Roosevelt University
The purpose of this study was to identify the job responsibilities perceived as most important in maintaining school district financial solvency. Additionally, the study sought to identify specific financial management strategies school business officials (SBO) could consider to maintain financial solvency in their school districts. A total of 208 school business officials were queried, 135 completed the survey, which resulted in a 65% response rate. Survey data were analyzed using qualitative and quantitative research methodology. Interview data were audio-taped, transcribed, coded, and analyzed. Results of this study provide important information school business officials can consider as they lead their school districts during challenging financial times. Participants were asked to complete a two-part web-based survey. In the first part, they rated their perspectives on the importance of 65 SBO job responsibilities in maintaining school district financial solvency. In the second section, they were asked to respond to open-ended questions related to the research questions. In addition, three survey participants, who had lead their school districts from financial difficulty to solvency, were interviewed to further probe survey responses. Findings indicate that school business officials believe that understanding the impact revenues and expenditures on financial solvency and assessing compensation packages and proposals during collective bargaining were the most important responsibilities. Collaborating with stakeholders followed closely. Effective communication with all stakeholders and understanding legal issues were also viewed as very important. Finally, the study identified 122 financial management strategies that school business officials should consider to maintain financial solvency in school districts. Those mentioned most often included communicating effectively with stakeholders and updating financial projections regularly. In addition, study participants discussed the importance of dealing with several impediments to maintaining financial solvency including declines property values, weaknesses in the economy, and mandates from Springfield. Additionally, long term collective bargaining agreements, Freedom of Information Act requests, and miscommunication with the Board of Education were cited as obstacles to maintaining financial solvency in school districts. [The dissertation citations contained here are published with the permission of ProQuest LLC. Further reproduction is prohibited without permission. Copies of dissertations may be obtained by Telephone (800) 1-800-521-0600. Web page: http://www.proquest.com/en-US/products/dissertations/individuals.shtml.]
ProQuest LLC. 789 East Eisenhower Parkway, P.O. Box 1346, Ann Arbor, MI 48106. Tel: 800-521-0600; Web site: http://www.proquest.com/en-US/products/dissertations/individuals.shtml
Publication Type: Dissertations/Theses - Doctoral Dissertations
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: Illinois
Identifiers - Laws, Policies, & Programs: Freedom of Information Act