A Deep Dive Into School Finance
(Room 102 D/E, WI Center)
23 Jan 20
8:45 AM
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11:45 AM
Speaker(s):
Derek Sliter, School Business Management, CESA 5; Daniel Bush, Director, School Financial Services, Wisconsin Department of Public Instruction; Debby Brunett, Director, Baird Public Finance; Tom Owens, Business Manager, Stevens Point Area; Bob Borch, 2r Charter Schools Business Manager, CESA 1
Take a deep and detailed dive into Wisconsin's school finance system with the DPI School Finance Team and WASBO members. In this special, in-depth session, they’ll describe how the revenue limit sets the total dollars that can be raised through state equalization aids and local property taxes for each district. They’ll also step through the calculation of state equalization aids based on the variables and factors that drive the formula: each district's spending, property tax base and number of students. Finally, they’ll discuss the importance of maintaining a strong fund balance and cash reserve as well as best practices for board policy in this area. Attendees will improve their understanding of how the overall district budget works and the concepts of fund accounting while gaining confidence in their advocacy on school funding for their districts.