Playing fair has a value with which people are all familiar. From the sandboxes of childhood and the competitive sports of youth to the business transactions of adulthood, people have been told how important it is to play fair. Playing fair in contracting is not only essential, it's the legal and ethical thing to do. In this article, the author…

The prospect of an IRS 403(b) audit can be daunting, but as the old saying goes, knowing is half the battle. Understanding what to expect during the audit process and having the proper internal controls are the keys to avoiding stress. As part of a traditional IRS 403(b) plan audit, the Internal Revenue Service has requested that plan sponsors…

If a school district has more than $10 million in tax-exempt debt, inclusive of all outstanding bonds, certificates of participation, and other public debt issues with durations of more than nine months, it must comply with the contractual requirements entered into under Securities and Exchange Commission (SEC) rules. District administrators and…

It is impossible to ignore how technology is infiltrating education. Interactive projectors and other technologies give teachers and students the opportunity to bring lessons to life. Some districts are replacing textbooks with digital content, allowing students to interact with content in new ways. Galion City School District in Galion, Ohio, is…

One important effect of increasing localized autonomy, authority, responsibility, and accountability has been a growing yet understated recognition that effective business management is an essential component of educational leadership. The education business is expanding and becoming more complex and requires propitious oversight. As a result,…

The Internal Revenue Service (IRS) has announced that post-issuance tax compliance is among its highest priorities. This is supported by the recently imposed annual reporting requirement on nonprofit corporations regarding the application and use of tax-exempt bonds issued for their benefit. School districts issuing tax-exempt bonds often spend…

Risk management is a huge task that requires diligent oversight to avoid penalties, fines, or lawsuits. Add in the burden of limited resources that schools face today, and the challenge of meeting the required training, reporting, compliance, and other administrative issues associated with a safety program is almost insurmountable. Despite an…

Many factors distinguish public school district transactions from private business transactions. Like any other business transaction, public school contracts should unambiguously describe the transaction and sufficiently outline the obligations of the parties. However, public school districts may be subject to distinctive laws that effectively…

New legislation or modifications to existing federal and state education legislation often mandate more training for district staff and more documentation to prove compliance. These regulations come with heavy penalties for noncompliance; yet these initiatives are usually unfunded, thus making it difficult to ensure that staff members receive the…

At first blush, the Supreme Court's recent decision in "Horne v. Flores" (2009) appears to be about the proper standard for determining when to modify a previous judgment, a topic that would interest only civil procedure geeks. Yet, on closer examination, "Horne" is about giving local and state officials discretion to solve education problems and,…

Despite the challenges of understaffing, unfunded legislative mandates, and tight budgets, district support services departments are still expected to meet school systems' myriad noncurriculum-related needs. But the very nature of these services, even when they are focused on school safety and security, is so diverse and labor-intensive that…

Reviews federal copyright laws protecting computer software and what school districts must do to be in compliance with the law. (PKP)

Alerts public school business officials to a financial reporting concepts statement to be issued by the Governmental Accounting Standards Board in late 1986. The new directive will outline four objectives concerned with accountability procedures, resource management and compliance information, operating results, and future financial capabilities.…

A staff member of the Department of Agriculture, Food and Nutrition Service summarizes the history, cost, and benefits of the federal school nutrition programs and explains that schools must now verify information on a small sample of applications for free and reduced-price meals. (MLF)

An inspection of 138 New Jersey school buildings revealed that a significant percentage of school officials do not have a good understanding of their asbestos management plan and, therefore, are failing to meet all of the Asbestos Hazard Emergency Response Act's requirements. (MLF)