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FINANCE 101: How to $ave a Buck

FINANCE 101: How to $ave a Buck. MASSP Mid-Winter Summit. Robert Dwan Associate Executive Director Michigan School Business Officials. What is the Largest Expense in Schools?. What is the Largest Expense in Schools?. People – Wages and Fringes (85-86% of Expenditures).

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FINANCE 101: How to $ave a Buck

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  1. FINANCE 101: How to $ave a Buck MASSP Mid-Winter Summit Robert Dwan Associate Executive Director Michigan School Business Officials

  2. What is the Largest Expense in Schools?

  3. What is the Largest Expense in Schools?

  4. People – Wages and Fringes (85-86% of Expenditures)

  5. What is the Second Largest Expense?

  6. Utilities – Gas, Electric, Water, Communications, Fuel (8-10% of Expenditures)

  7. What’s left?

  8. Teaching Supplies, Textbooks, Copiers, Tech Supplies, ETC. (4-7% of Expenditures)

  9. Trick’s of the Trade?

  10. Copier PIN Codes Long Distance Calls Laser Printers vs. InkJets Proper Scheduling Facility Use Costs Cleaning of Building

  11. What about Your Time?

  12. MSBO Products that can Help!

  13. Save training dollars and increase the opportunities for staff training through SafeSchools.com! SafeSchools, now partnered with MSBO, MASA and MASB, is an online safety training and tracking system designed specifically for school employees. SafeSchools saves you money by reducing workers' compensation insurance premiums, overtime costs, fees for outside trainers, legal expenses and other training materials. If your district has SET SEG Property Casualty and Workers’ Compensation insurance, your district has FREE access to this extensive online training system. Non-SET SEG districts receive substantial discounts.

  14. This is an online payment processing system that provides schools with an easy and efficient method to collect fees and receive electronic payments for school lunches, field trips, registration, prom tickets, T-shirts and any other school-related fees. PaySchools makes it possible for all schools to offer parents the convenience of online purchasing without incurring large administration or setup costs.

  15. MSBO is pleased to make available the Michigan Purchasing Card Consortium, led by MSBO, with MASB and MASA as partners, along with JPMorgan Chase as the provider for our statewide program. The program is open to all school districts, colleges and universities in the state. Because we are aggregating the "spend" of a large group of schools, the bank offers a rebate.

  16. Energy Essentials offers school districts assistance in beginning the journey toward effective energy management. This program helps your district get started with an energy plan. • The Energy Essentials design assists districts in developing a program that creates energy awareness and strategies that result in saving precious dollars for the district. This is a comprehensive, systemic approach to energy savings. • Energy Essentials brings together every area of your school district (administrators, school board members, students, and teachers) to develop and implement a plan. MSBO provides the support needed to make your energy management program successful.

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