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Financial Stewardship in Public Education

Financial Stewardship in Public Education. A joint workshop of MASBO, MASS & MSBA. November 25, 2011. Agenda. As financial stewards, boards must. safeguard and manage the resources of the division in pursuit of its mission and goals

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Financial Stewardship in Public Education

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  1. Financial Stewardship in Public Education A joint workshop of MASBO, MASS & MSBA November 25, 2011

  2. Agenda

  3. As financial stewards, boards must • safeguard and manage the resources of the division • in pursuit of its mission and goals • to serve the interests and the well-being of students and stakeholders • in all schools across the entire division

  4. Stewardship imperatives Duty of care Duty of due diligence Public accountability

  5. Following the Money Facilitators: Gord Olmstead, Beautiful Plains S.D. Vince Mariani, River East Transcona

  6. Making the Money Count Facilitators: Mike Borgfjord, MASS Carolyn Duhamel, MSBA

  7. From what to so what The challenge facing public schools is…improved outcomes rather than simple access.

  8. What’s your bottom line? …Too many boards focus their attention on the actual dollars, rather than on what the budget is intended to accomplish. Thomas, The School Board Member Handbook, 1994

  9. The Money Myth …any education problem requires increased spending and reform is impossible without more funding…

  10. Setting budget priorities How can we use the money we have to achieve our divisional goals for student learning?

  11. Table conversation #1 • Choose one person to facilitate the conversation. • Choose a recorder of the conversation and a reporter for your group. • Share and discuss your responses to the questions on the green worksheet.

  12. Budget ‘buzzwords’ • equality • equity • effectiveness • efficiency

  13. Table conversation #2 • Choose one person to facilitate the conversation. • Choose a recorder of the conversation and a reporter for your group. • Share and discuss your responses to the questions on the yellow worksheet.

  14. “We tried door prizes, theme parties, entertainers, and expensive opening acts, but we just can’t stimulate better attendance at budget meetings.”

  15. Table conversation #3 • Choose one person to facilitate the conversation. • Choose a recorder of the conversation and a reporter for your group. • Share and discuss your responses to the questions on the blue worksheet.

  16. The school board’s bottomline It always comes down to what’s best for kids. That is not always easy to figure out, but it remains the only guideline that justifies the action a board takes. Michigan School Board Member

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