Collection

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Financial Management

This collection offers financial management resources ranging from financial transparency requirements to strategic use of funds. 

COVID-19 Recovery and the Strategic Use of Funds from the American Rescue Plan Act of 2021
Resource Type: Tools/Toolkit
2021
This virtual workshop was co-sponsored by Region 2, 13, and 15 Regional Comprehensive Centers in collaboration with the National Comprehensive Network. Attended by state agency agencies from across the country, the workshop was designed to discuss the implications of the American Rescue Plan Act (ARPA) of 2021, assist state education agencies (SEA) in strategic planning with featured examples of states' approaches, and provide opportunities for state specific and cross-state planning and discussion. A discussion/planning tool is provided for SEA use.
Tracking the Utility and Usefulness of ESSA School-by-School Expenditure Data
Resource Type: Tools/Toolkit
2021
Covering all 50 states and DC, this interactive tracker measures whether states are meeting four ESSA requirements as well as other benchmarks to ensure school spending data are complete, useful, and usable. It also notes where accuracy or accessibility can be improved. The tracker will be updated regularly as states resolve data concerns and add useful features.
School Spending Data: A New National Data Archive
Resource Type: Practice guide
2021
Our nation spends approximately $650 billion per year on our K–12 education system. To understand how those dollars impact students, we need to examine spending where it reaches them: at the school level. The document describes a national data archive that uses all elements of Interstate Financial Reporting (IFR) system, developed by the Edunomics Lab, to present the school-by-school expenditure data required by the Every Student Succeeds Act (ESSA). The School Spending Data Archive further controls for methodological differences between states by adjusting school-by-school per-pupil figures to reflect a set of standardized expenditures.
Pushing Educational Boundaries: Student Recommendations for Spending American Rescue Plan Funds
Resource Type: Video
2021
The 2020–21 Illinois Student Advisory Council spent months researching how to use the current influx of COVID-19 education funding to make the biggest impact for students. This recorded webinar, hosted by the Region 9 Comprehensive Center, features their instrumental recommendations to help all students achieve educational success and incorporate student voices in decision-making. 
Promising Procurement Practices to Maximize Learning Recovery
Resource Type: Policy/Policy brief
2021
This brief is designed to support a variety of stakeholders who may have a role in learning recovery, including State Education Agencies (SEAs), Local Education Agencies (LEAs), and education vendors. This brief focuses on the various levers and steps that stakeholders can employ related to procurement and contracting processes, including procurement thresholds, preferred provider criteria and lists, request for proposal (RFP) processes, contracting (including performance contracting), monitoring, and evaluation. Sound procurement practices require close contact between the finance or purchasing offices with staff from the programming and data analysis teams.
Portfolio of Choice: Private School Choice Programs
Resource Type: Policy/Policy brief
2021
This brief provides an overview of private school choice programs including vouchers, tax credit scholarships, education savings accounts, and individual tax credit scholarships and deductions. The brief includes a discussion of the policy approaches and a set of best practices to support policymakers in designing high-quality private school choice programs.
Portfolio of Choice: Charter Schools
Resource Type: Policy/Policy brief
2021
This brief provides an overview of the charter school landscape, including policy structures, accountability, and a summary of student enrollment, demographics, and outcomes. The brief concludes with a set of best practices to support policymakers in designing high-quality charter school policies.