1. 1 Your LOGO HERE

2. 2 Funding Associated with School Districts Calculating A Local Tax Rate Understanding The Expenditure Budget

3. 3

4. 4 Historical Background Understand the goals of the Arizona Finance System and importance of Arizona Revised Statute Title 15 and the Uniform System of Financial Records ( USFR) Knowing the names and purposes of budget documents Building a Revenue Budget (Your School) Develop an understanding of Average Daily Membership (ADM) and how it affects the budget limit Understanding Group A and B weighted student counts Learning how the BLA, BRCL, TRCL, RCL, CORL, budget limits are calculated and what they mean Classroom Site Fund: How it is calculated and can be used Soft Capital Allocation What is it and how is it calculatedOBJECTIVES

5. 5 THE ARIZONA FINANCE PROGRAM HISTORICAL BACKGROUND 1)Maintenance and Operations Fund 001 2)Unrestricted Capital Outlay Fund 610 3)Soft Capital Fund 625 4)Classroom Site Funds 011-013 Back in the early 1980’s the Arizona Legislature refined its school finance system to provide equal dollars per pupil for school operations through a balancing of the local qualifying property tax rate and State of Arizona financial assistance. This concept, commonly referred to as the “equalization formula,” allowed public school districts throughout the State of Arizona to experience similar “effort” in raising educational dollars for their students irrespective of the value of property within their boundaries. Today it is responsible to set up spending limits for:

6. 6 THE ARIZONA FINANCE PROGRAM ARIZONA REVISED STATUTE (ARS) TITLE 15 –Rules Established by the Arizona Legislature –Title 15 Refers to Education –Sections 15-901 to 15-1241 Refer to School Finance UNIFORM SYSTEM OF FINANCIAL RECORDS (USFR) The legislature has required that the Arizona Department of Education and the State’s Auditor General interpret Title 15 and design the State’s Uniform System of Financial Records (USFR) which is used in maintaining local school district financial records and preparing reports.

7. 7 BUDGETARY DOCUMENTS “Knowing the Names And Their Purposes” In the State of Arizona, there are a number of forms which provide some uniformity in the manner that financial information is presented. Anyone can fill them out with reasonable accuracy, but few can understand and interpret their content. The Documents Are As Follows: EXPENDITURE BUDGET (Proposed & Adopted (Adopted by July 15 th of the fiscal year) REVENUE BUDGET (Completed by September 15 th of the budget year.) REVISED EXPENDITURE BUDGET (Completed by December 15th and/or May 15 th ) ANNUAL FINANCIAL REPORT (Completed by October 15 th )

8. 8 Building The Revenue Budget

9. 9 YOUR SCHOOL NAME ??? School District 1.PSD = 30 2.K-8 = 5,000 3.9-12 = 1,500 4.Growing District 5.Capital Override 6.Regular Ed Override 7.Career Ladder District Demographics ?????

10. 10 BUDGET REVENUE LIMITS Foundation for Building a Budget Funding Associated With Arizona School Districts

11. 11 REVENUE SOURCES ASSOCIATED WITH SCHOOL FINANCE * Base Revenue Control Limit (ADM)65% * Pupil Transportation1% * Capital Outlay (ADM)4% * Overrides/Additions5% * Classroom Site Find (ADM)4% * Soft Capital (ADM)4% Food Service 4% Federal & State Grants8% Cash Controlled Funds5% Total100% * General Budget Limit (??%) (M&O Budget)

12. 12 GENERAL BUDGET LIMIT –B–Base Revenue Support Level (BRCL) –T–Transportation Revenue Control Limit (TRCL) –C–Capital Outlay Revenue Limit (CORL) –O–Overrides –A–Additions to the Budget What is It? GBL The General Budget Limit results from a number of simplistic formulas heavily dependent upon the number of students or Average Daily Membership, (ADM) the district has over the cumulative effect of the prior school years’ first 100 days. The typical General Budget Limit is made up from the following formulas:

13. 13 General Budget Limit Component Calculations Base Revenue Control Limit - BRCL$$$$$$$$$$$$ + Transportation Revenue Control Limit - TRCL $$$$$$$$$$$$ = Revenue Control Limit - RCL$$$$$$$$$$$$ + Capital Outlay Revenue Limit - CORL $$$$$$$$$$$$ + M& O Override = ( RCL X % ) Or Fixed Amt $$$$$$$$$$$$ + Additions to the Budget$$$$$$$$$$$$ = Total General Budget Limit$$$$$$$$$$$$

14. 14 Funding Associated with Arizona School Districts Budget Limit CalculationSub-TotalTotal Base Revenue Control Limit - BRCL + Transportation Revenue Control Limit - TRCL = Revenue Control Limit - RCL + Capital Outlay Revenue Limit - CORL + M& O Override = ( RCL X % ) Or Fixed Amt + Additions to the Budget Total General Budget Limit

15. 15 Base Revenue Control Limit (BRCL) What is It? BRCL Average Daily Membership Weighted Student Count Support Level Weight Group B Add On Count Group A Count Teacher Compensation Base Level Amount TEI Career Ladder Audit Services BRCL BRCL The Base Revenue Control Limit is made up of various components which determine the total funding amount each component generates. These include:

16. 16 AVERAGE DAILY MEMBERSHIP (ADM) Approximately 78??% Of All District Funding Is Dependent Upon The Number of Students (ADM) It Has

17. 17 AVERAGE DAILY MEMBERSHIP (ADM) The average number of students which are enrolled each day during the first 100 days. For each day the student is enrolled, we receive 1% of the funding for that student. What is it? ADM

18. 18 Historical Data ???___ has also (increased, decreased) in ADM an average of ??% over the last 5 years or ??? students.

19. 19 Student ADM Last 6 Years Average increase over the last six years is 7.8%

20. 20 2002-2003 100TH DAY ADM TO 2003- 2004 PROJECTIONS Based on historical data, we are estimating a 7.00% increase in ADM over last year.

21. 21 Base Revenue Control Limit (BRCL) WSCSLW Average Daily Membership Weighted Student Count Support Level Weight

22. 22 SUPPORT LEVEL WEIGHT Support Level Weight Regular Elementary Student1.158 Hearing Handicapped4.771 Total5.929 Example: A 5th Grade Hearing Handicapped Student SLW What Is It? The effect of Weighted Student Count allows a student to be worth more ( for funding purposes), more than 1.0

23. 23 WEIGHTED STUDENT COUNT Two Types Group A & Group B What Is It? WSC associated costcertain classifications size of the district The Weighted Student Count takes into consideration the associated cost of educating certain classifications of students (Support Level Weight) without utilizing dollars to do it. This student count takes into account the size of the district, whether the students are in elementary or high school, the isolation of small rural school districts in the state, and special needs children. Weighted Student Count is specified per ARS 15-943.

24. 24 Base Revenue Control Limit (BRCL) Group A Average Daily Membership Weighted Student Count Support Level Weight Group B Add On Count Group A Count

25. 25 Your School WEIGHTED STUDENT COUNT Your School WEIGHTED STUDENT COUNT Group A

26. 26 Base Revenue Control Limit (BRCL) Group B Average Daily Membership Weighted Student Count Support Level Weight Group B Add On Count Group A Count

27. 27 Your School WEIGHTED STUDENT COUNT Group B Add-ons

28. 28 Base Revenue Control Limit (BRCL) What Are They? AllOthers BASE SUPPORT LEVEL Average Daily Membership Weighted Student Count Support Level Weight Group B Add On Count Group A Count Teacher Compensation Base Level Amount TEI Career Ladder Audit Services

29. 29 BASE LEVEL AMOUNT What is It? BLA The Base Level Amount represents the amount of money, per weighted student count (Group A and B combined), that the legislature annually decides it will provide to public school districts. For budget year 2004-2005 the base level is $2,893.18 and $2,929.34 with Teacher Compensation. Career Ladder percentage is then added to this amount should a district participate.

30. 30 OTHER BASE SUPPORT FACTORS Teacher Experience Index (T.E.I.) This factor is derived from the formula specified in A.R.S. §15-941. Its purpose is to allow extra budget capacity for school districts with teachers whose average years of experience exceed the State of Arizona average. Districts which qualify are allowed to increase the support level by 2.25 percent for each year of experience above the State of Arizona average. Audit Costs Districts required to conduct a single audit may increase the level by the cost of the last audit. Career Ladder and Performance Incentives A District may also increase its Base Level Amount by up to an additional 5.5% if it participates in a pay for performance program entitled, “Career Ladder”.

31. 31 YOUR SCHOOL DISTRICT BASE REVENUE CONTROL LIMIT YOUR SCHOOL DISTRICT BASE REVENUE CONTROL LIMIT

32. 32 Base Revenue Control Limit (BRCL) Average Daily Membership Weighted Student Count Support Level Weight Group B Add On Count Group A Count Teacher Compensation Base Level Amount TEI Career Ladder Audit Services BRCL BRCL

33. 33 Funding Associated with Arizona School Districts Budget Limit CalculationSub-TotalTotal Base Revenue Control Limit - BRCL$25,538,603 + Transportation Revenue Control Limit - TRCL = Revenue Control Limit - RCL + Capital Outlay Revenue Limit - CORL + M& O Override = ( RCL X % ) Or Fixed Amt + Additions to the Budget Total General Budget Limit

34. 34 TRANSPORTATION REVENUE CONTROL LIMIT (TRCL) What Is It? TRCL budget limitstransport students ARS 15-945/946 provides for increased budget limits for districts that transport students to and from schools. Minimum distances that are approved are one mile for K-8 students and one and one half mile for 9-12 students.

35. 35 TRANSPORTATION REVENUE CONTROL LIMIT (TRCL) The Limit is Calculated as Follows: 1)To determine the TSL 1)Eligible route mileseligible students 1)Eligible route miles divided by the number of eligible students, Area A non-alternative and alternative miles need to be separated. Incentive for alternative. route milesstate support levels 2)Annual route miles (175) times the state support levels of $1.71 or $2.11. 3)Add on 3)Add on for Summer Special Ed, Vocational and Athletic trips. 2)Calculate the change in the TSL from the current year to the budget year. 3)Add the change in the TSL to the current year TRCL

36. 36 Your School TRANSPORTATION REVENUE CONTROL LIMIT Your School TRANSPORTATION REVENUE CONTROL LIMIT

37. 37 Funding Associated With Arizona School Districts Budget Limit CalculationSub-TotalTotal Base Revenue Control Limit - BRCL$25,538,603 + Transportation Revenue Control Limit - TRCL $1,144,309 = Revenue Control Limit - RCL + Capital Outlay Revenue Limit - CORL + M& O Override = ( RCL X % ) Or Fixed Amt + Additions to the Budget Total General Budget Limit

38. 38 REVENUE CONTROL LIMIT (RCL) What Is It? Transportation Revenue Control Limit (TRCL) is added to the Base Revenue Control Limit ((BRCL) to obtain the Revenue Control Limit (RCL). The Revenue Control Limit is the basis for which M&O budget override amounts are determined RCL

39. 39 YOUR SCHOOL DISTRICT REVENUE CONTROL LIMIT YOUR SCHOOL DISTRICT REVENUE CONTROL LIMIT

40. 40 Funding Associated With Arizona School Districts Budget Limit CalculationSub-TotalTotal Base Revenue Control Limit - BRCL$25,538,603 + Transportation Revenue Control Limit - TRCL $1,144,309 = Revenue Control Limit - RCL$26,682,912 + Capital Outlay Revenue Limit - CORL + M& O Override = ( RCL X % ) Or Fixed Amt + Additions to the Budget Total General Budget Limit

41. 41 Maintenance and Operations Salaries Benefits Supplies Purchased Services Tuition Unrestricted Capital Furniture Land Improvements Building Improvements Vehicles Equipment Leases What is it? CORL CAPITAL OUTLAY REVENUE CONTROL LIMIT (CORL) Level of funding which the District may utilize for Capital and or Maintenance and Operations purposes. District may move all into M&O if needed.

42. 42 Capital Funds Associated with School Finance Unrestricted Capital Soft Capital Allocation Bond Building Deficiency Corrections Building Renewal New School Facilities STUDENTS FIRST

43. 43 Capital Outlay Revenue Limit (CORL) Other Factors Growth Factor- If the unweighted counts for the budget year (next) are at least 5% greater than the current year, the CORL is increased by the same growth percentage. If under 5%, no adjustment is used. High School Texts- ARS requires that text books for high school students must be free. The district is allowed to budget 69.61 more for each unweighted high school student. CORL Shift- Students FIRST allowed for a complete shift of CORL funds to M&O on an annual basis. CORL that remains in capital outlay fund (610) remains unrestricted. How is it Calculated? Calculated? The prior years Unweighted student count times (X) Base Level = For all districts over 600 PSH-8:225.76 9-12:267.94 CORL

44. 44 YOUR SCHOOL DISTRICT CAPITAL OUTLAY REVENUE CONTROL LIMIT YOUR SCHOOL DISTRICT CAPITAL OUTLAY REVENUE CONTROL LIMIT

45. 45 CAPITAL OVERRIDE No restrictions to the type of capital expenditure. Expenditures may only be use for those described in the pamphlet with a 10% allowance for change and over run. Requires public meeting each year. What is it? C O ARS15-481 allows school districts to hold a Capital Override election on the first Tuesday in November for the purpose of exceeding state standards for capital improvements.

46. 46 Funding Associated With Arizona School Districts Budget Limit CalculationSub-TotalTotal Base Revenue Control Limit - BRCL$25,538,603 + Transportation Revenue Control Limit - TRCL $1,144,309 = Revenue Control Limit - RCL$26,682,912 + Capital Outlay Revenue Limit - CORL Override = $1,000,000 To Capital = $1,726,410 $500,000$1,226,410 + M& O Override = ( RCL X % ) Or Fixed Amt + Additions to the Budget Total General Budget Limit

47. 47 M & O OVERRIDE Two Types of Overrides Regular Education A.R.S. §15-481 allows a district to increase its budget by up to an additional 10% of its Revenue Control Limit if the voters of the district approve by election. The voter authorization is given for up to seven years. Special Academic A special override for academic achievement in grades K-3 may be sponsored by an elementary or unified district. An additional 5% of the Revenue Control Limit can be asked for under the provisions of A.R.S. §15-482 (seven years) What is it? Override

48. 48 Funding Associated With Arizona School Districts Budget Limit CalculationSub-TotalTotal Base Revenue Control Limit - BRCL$25,538,603 + Transportation Revenue Control Limit - TRCL $1,144,309 = Revenue Control Limit - RCL$26,682,912 + Capital Outlay Revenue Limit - CORL Override = $1,000,000 To Capital = $1,726,410 $500,000$1,226,410 + M& O Override = ( RCL X % ) Or Fixed Amt $2,668,291 + Additions to the Budget Total General Budget Limit

49. 49 What Are They? Current Year Funding Tuition Revenue Budget Balance Carry Forward Excess Utilities Career Ladder Carry Forward Desegregation Costs ADDITIONS TO THE BUDGET The Maintenance and Operations Budget may be increase beyond the formula levels previously described under many circumstances. Some of the more common reasons are: Additions Examples

50. 50 YOUR SCHOOL DISTRICT ADDITIONS TO THE BUDGET

51. 51 General Budget Limit Component Calculations Budget Limit CalculationSub-TotalTotal Base Revenue Control Limit - BRCL$25,538,603 + Transportation Revenue Control Limit - TRCL $1,144,309 = Revenue Control Limit - RCL$26,682,912 + Capital Outlay Revenue Limit - CORL Override = $1,000,000 To Capital = $1,726,410 $500,000$1,226,410 + Override = ( RCL X 10% )$2,668,291 Tuition In$200,000 Budget Balance Carry Forward$553,000 Excess Utilities$375,000 Career Ladder Carry Forward$47,000 Total General Budget Limit$31,752.614

52. 52 YOUR SCHOOL Completed General Budget Limit

53. 53 Funding Associated With Arizona School Districts Total Total General Budget Limit$31,752.614 Unrestricted Capital Limit$1,500,000 Classroom Site Fund Soft Capital Allocation Total

54. 54 CLASSROOM SITE FUND

55. 55 CLASSROOM SITE FUND (CSF ) Proposition 301 What is it? Proposition was pass by voters to provide money to support the classroom teacher. The money can be used for: 1.Classroom size reduction 2.Teacher compensation increases 3.AIMS intervention 4.Teacher development 5.Dropout prevention programs 6.Teacher liability insurance programs 301

56. 56 CLASSROOM SITE FUND (CSF ) Proposition 301 How is it Calculated? weighted student count group A X $$ amount per student by March = current year allocation + prior year carryover from budget balance + interest posted to 011,012,013 = Amount Available 301

57. 57 CLASSROOM SITE FUND (CSF ) Proposition 301 How is it Distributed Allocation Distribution 011 -- Teacher base pay20% of total 012 --Teacher performance40% of total 013 -- Classroom improvement 40% of total 301

58. 58 YOUR SCHOOL DISTRICT Classroom Site Fund

59. 59 Funding Associated With Arizona School Districts Total Total General Budget Limit$31,752.614 Unrestricted Capital Limit$1,500,000 Classroom Site Fund$2,318,475 Soft Capital Allocation Total

60. 60 SOFT CAPITAL AMOUNT ADM $225 Unweighted Student Count

61. 61 SOFT CAPITAL ALLOCATION (SCA) What is it? short-term capital items Beginning in fiscal year 1999-2000 the Capital Levy Revenue Limit (CLRL) was replaced with a weighted Soft Capital Allocation amount. Districts can spend soft capital monies only for short-term capital items that are required to meet academic adequacy standards such as: - technology, textbooks, - library resources, instructional aids, - pupil transportation vehicles, and - furniture & equipment. cannot maintenance and operation expenses Soft capital monies cannot be spent for maintenance and operation expenses. Districts may use soft capital monies to meet administrative soft capital purposes after complying with adequacy standards. Unused monies in this area may be carried forward to the subsequent budget year. SCA

62. 62 SOFT CAPITAL ALLOCATION YOUR SCHOOL DISTRICT YOUR SCHOOL DISTRICT

63. 63 Funding Associated With Arizona School Districts Total ADM = 6530 Total General Budget Limit$31,752.614 Unrestricted Capital Limit$1,500,000 Classroom Site Fund$2,318,475 Soft Capital Allocation$1,469,250 Total $ 37,040,338 (???? per student)

64. 64 Building The Revenue Budget

65. 65

66. 66 B r e a k

67. 67

68. 68 Tax Rates: Understanding where the $$$$$ comes from. Know the different components of a tax rate. Develop an understanding of the difference between the primary and secondary tax rate. Learn how the primary and secondary tax rates are calculated.OBJECTIVES

69. 69 LOCAL TAX RATE State and County Equalization Assistance and ………. Local Property Taxes. Where does the $$$ come from? The Money to support the GENERAL BUDGET LIMIT CAPITAL OUTLAY REVENUE LIMIT SOFT CAPITAL ALLOCATION DEBT SERVICE ADJACENT WAYS are obtained from two main sources: –

70. 70 REVENUE SOURCES EQUALIZATION State Equalization- State General Fund revenues used to support P-12 Education. County Equalization- A countywide tax rate (varies each year) applied to offset the State Equalization. What is it? A.R.S. §15-971 The equalization formula is the Legislature's attempt to ensure that each district has equitable budget capacity compared to others in the state. Equalization Assistance helps to ensure that the revenues available for district budgets are shared equitable. Equalization Assistance is the amount of money which the state and county provide to school districts over and above a uniform tax rate which is called the qualifying tax rate. Equal?

71. 71 REVENUE SOURCES LOCAL PROPERTY TAXES What is it? Local Property Taxes- Property tax on real and personal property within the district provides the revenue for M&O, Unrestricted Capital and Soft Capital that the equalization formula does not cover. It also provides 100% of the funding for overrides, debt service, adjacent ways, and outside the budget limit costs. Local Property Taxes are divided into two separate but distinct rates. LocalTaxes PRIMARY AND SECONDARY

72. 72 Secondary Tax Rate  Budget Overrides  Debt Service from Class A and Class B Bond Sales What is it? The Secondary Tax Rate is the amount levied to the local taxpayers of a School District to provide the revenue needed to fund: STR

73. 73 Local Tax Rate Simplified How is it Calculated? Local Tax Rates are Calculated By: Determining Amount Needed Subtracting Net Cash Available = Amount to be Levied / By (Assessed Value/100)

74. 74 Tax Rate History

75. 75 SECONDARY TAX RATE

76. 76 Primary Tax Rate M&O Budget Limit Unrestricted Capital Budget Limit Soft Capital Allocation Budget Limit Adjacent Ways What is it? The Primary Tax Rate is the amount levied to the local taxpayers of a School District to provide the revenue needed to fund the following budgets: PTR

77. 77 STATE EQUALIZATION YOUR SCHOOL NAME STATE =

78. 78 PRIMARY TAX RATE

79. 79 YOUR SCHOOL TAX SUMMARY Primary Tax Rate = 4.4518 Secondary Tax Rate = 2.8748 Total = 7.3266 TOTALS $100,000 HOME Annual Tax Rate $7.3266 X 100 = $732.66

80. 80

81. 81 B r e a k

82. 82

83. 83 Expenditure Budget: Understanding the different elements of a budget. Understanding where the dollars go. (Your M&O budget ) Develop an understanding of the state coding system. Learn how a budget is formatted based on fund, function and object codes.OBJECTIVES

84. 84 Elements of a Budget Vision and Mission of the District State and Federal Mandates Budget Limit Restrictions Student Growth Building New Schools Opening New Schools Classroom Needs Salary Increases Special Education Needs Transportation Needs Facility and Maint Needs Special Program Needs Reduction in Students State and Federal Grants Food Service Program Personnel Needs Warehousing Materials Technology Needs Capital Equipment Needs Supply Needs Textbook Needs Risk Insurance Needs Employee Benefits

85. 85 Where The Dollar Goes Salaries.71 Benefits.13 Purchased Services.11 Supplies.03 Other Expenses.02 TOTAL $1.00

86. 86 Where The Dollar Goes Instruction.58 Student Support Services.07 Instruction Support Services.04 General Administration.01 School Administration.07 Business Office/Personnel/Central.03 Operation of Plant.12 Transportation.03 Extra Curricular.004 Food Services.05 TOTAL $1.00

87. 87 Once The Expenditures Have Been Determined After a governing board has determined the amount to be budgeted as part of the general operating fund within the limits described in this report, the parameters of spending for a fiscal year are established as the M & O Budget - Fund 001. This overall fund is further divided into specific programs. The three main programs are: Regular Education, Special Education, and Pupil Transportation. For reporting and accounting purposes, each of the subsections is further subdivided by function (instruction, support services, operation of non- instructional services, facilities acquisition and construction services, debt services and other financing uses) The total budget for the M & O Fund cannot exceed the budgetary formulas previously specified except for certain items outside the limit, and the expenditures cannot exceed the budgets established. As mentioned previously, even if a district does not have sufficient cash balance in the M & O and other levy funds, it may still spend up to the budget limit by registering warrants. It is the budget limit, or capacity, that determines expenditure capability rather than cash availability.

88. 88 MAINTENANCE AND OPERATION BUDGET What is it? The Maintenance & Operation Budget is the budget where much of the day to day expenditures take place. Typical proposed expenditures include; salary and benefits of employees, supplies, utilities, maintenance & repair, and other miscellaneous expenditures which are not of a capital nature. M&O Budget

89. 89 YOUR SCHOOL M&O BUDGET

90. 90 M & O Budget Expenditure Summary By Function Functions as a % of Total

91. 91 M & O Budget Expenditure Summary By Object Functions as a % of Total

92. 92 BUDGETARY CODES (Defining Your Purchases) What is it? An account code is made up of a string of numbers separated by specific independent identifiers. - Every public school in the State of Arizona utilizes the same coding system to identify their expenditures. CODES XXX XXX XXXXXXXX XXXXXXX Fund ProgramFunctionObject UnitCourse

93. 93FUNDS The basis which all School District accounting systems must be organized and operated on. XXX XXX XXXXXXXX XXXXXXX Fund ProgramFunctionObjectUnitCourse What is it? FUND

94. 94FUNDS 001M&O Fund 010-599Special Revenue Funds 100-399Federal Project Funds 400-499State Project Funds 500-599Other Special Revenue Funds 600Capital Funds 700Debt Service 800-900Fiduciary & Proprietary Funds XXX XXX XXXXXXXX XXXXXXX Fund ProgramFunctionObjectUnitCourse Account Groups

95. 95 FUNCTION CODES Describes the activity for which a service or material is acquired. (Describes the Activity of the Fund) XXX XXX XXXXXXXX XXXXXXX Fund ProgramFunctionObjectUnitCourse What is it? FUNCTION

96. 96 FUNCTION CODES 1000Instruction 2100Student Support 2200Instructional Support 2300Administration 2400School Administration 2500Business Services 2600Plant Operations 2700Transportation 2800-2900Central / Other 3000Non Instructional ( Food Service) 4000Facility and Construction Services XXX XXX XXXXXXXX XXXXXXX Fund ProgramFunctionObjectUnitCourse Account Groups

97. 97 OBJECT CODES Describes the service or material obtained as a result of a specific expenditure. (Describes Service of the Function) XXX XXX XXXXXXXX XXXXXXX Fund ProgramFunctionObjectUnitCourse What is it? OBJECT

98. 98 OBJECT CODES 6100Salary 6200Benefits 6300Professional Services 6400Property Service 6500Other Services 6600Supplies 6700Land Building & Equipment 6800-6900Other Objects XXX XXX XXXXXXXX XXXXXXX Fund ProgramFunctionObjectUnitCourse Account Groups

99. 99 Practical Application XXXXXXXXXXX XXX XXX XXXXXXXX XXXXXXX Fund FunctionObject Fund ProgramFunctionObjectUnitCourse Salary for a Teacher Maintenance Supplies Board travel to a workshop Repair of a lawn mower Transportation Supplies Salary for a Librarian Benefit for a School Administrator 001 / 1000 / 6100 001 / 2400 / 6200 001 / 2600 / 6600 001 / 2600 / 6400 001 / 2700 / 6600 001 / 2300 / 6500 Legal Fees001 / 2300 / 6300 001 / 2200 / 6100

100. 100

101. 101 We fully realize that we may have not answered all of your questions. In fact, we may have raised questions which you had not realized were questions and in some ways, we all feel your are now confused as ever. However, rest assured, we now believe you are confused on a higher level about more important things. School Finance 101

102. 102 Y O U M A D E I T ! ! ! ! ! T H A N K Y O U

103. 103

104. 104

105. 105

106. 106