Enrollment is a key driver of district revenue, but with unstable enrollment figures come unstable budgets. When districts are facing decreased enrollment/revenue, maintaining fiscal solvency can be a major challenge. How can districts advance equity while preserving fiscal solvency?
While some districts respond by cutting costs at the central office so that schools don’t directly feel a loss, these changes often have a disparate impact on students who need the most support. Although it may seem counterintuitive to add programs and services amidst fiscal constraints, it is possible to strategically advance equity initiatives during times of budgetary strain.
Watch the on-demand recording to hear more about:
1. The advantages of pursuing equity outcomes during a budget crisis
2. Strategies for advancing equity initiatives during times of fiscal strain
We'll cover district changes and policies that can be a threat to fiscal solvency within districts. Then, the discussion will move to a review of fiscal equity amidst crises and what this means in different situations. We'll then dive into taking action and responding int he moment - dealing with and attending to the crisis. Then, we'll use this as a learning opportunity to plan and budget for future revenue reductions moving forward.
Do you know the biggest threats to fiscal solvency in your district?
- Decreasing enrollment?
- High overhead/under-enrolled schools?
- Excessive/inefficient spending?
Hint: the answer does not have to be an either/or!
Allovue works with districts and state departments of education across the country to allocate, budget, and manage spending. Allovue's software suite integrates seamlessly with existing accounting systems to make sure every dollar works for every student. Allovue also provides additional services such as chart of accounts and funding formula revisions.
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