Today, being sustainable means living smart. But to live smart, we need to change our behavior. This article shows how schools and school districts offer great opportunities for teaching students and staff how to live smart, therefore sustainably, all while generating savings that can be used for other, more strategic investments within the school…

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…

Today's work world is full of uncertainty. Every day, people hear about another organization going out of business, downsizing, or rightsizing. To prepare for these uncertain times, one must take charge of their own career. This article presents some tips for surviving in today's world of work: (1) Be self-managing; (2) Know what you…

In this brief article, the author shares some strategies that make her work and home life easier and more gratifying: (1) Declutter and simplify; (2) Plan meals; (3) Use Google Calendar; (4) Automate bills; (5) Use technology; (6) Make health a priority; and (7) Lose the guilt.

For years, people have been taught that maintaining liquidity of assets, particularly at retirement, is beneficial. One's liquidity, that is, monies he/she controls and has ready access to for discretionary withdrawals, translates into uncertainty to the company holding those assets because they can be withdrawn at any time. If one can increase a…

The ubiquitous spreadsheet in some version has been the sole and unrivaled instrument of financial management for decades. And it has served well. The spreadsheet provides the flexibility to design a unique business process. It allows users to create formulas that execute complex calculations, and it is available in the globally standardized Excel…

School business officials are best equipped to lead in funding operating and capital needs because they understand the need for a methodical means of funding ongoing costs over time and the benefits of planning for future financial needs rather than letting emergencies dictate spending priorities. A capital-financing plan makes it possible to…

As with most things in life, managing student meal charges is all about balance. To be successful, the program needs to include a fair and reasonable policy, to serve nutritious and flavorful meals, and to include students as active stakeholders in the program. A plan that acknowledges simple forgetfulness, explains expectations of all…

Issuing long-term debt can be a complex, multifaceted process. Although the process varies by stare, typically the school business official and the district solicitor work with the financing ream, which includes a financial adviser, bond counsel, underwriter, raring agency, and possibly a bond insurance agent, paying agent, and architect.…

This article presents an example of the ways in which many large districts are working to dispel long-held myths about inefficient and unresponsive operations, particularly in operational areas, such as transportation, purchasing, food services, and information technology (IT). Determined to improve both academically and operationally, leaders in…

Internal accounts offer schools a faster, more convenient way to handle the income and expenses that result from student fees, school clubs and organizations, field trips, fund-raising, and similar activities. But this convenience also incurs the added risk of fraud. Fortunately, there are proven ways to strengthen internal controls and reduce…

Today's school business officials are more aware than ever of the importance of making every dollar count. As they scour their budgets for possible savings, they may be tempted to reduce investment in school infrastructure, perhaps by deferring maintenance, renovations, and replacement of outdated facilities. However, school business officials…

Public investors can lower commissions through investment autonomy, that is, implementing the investment decision process without outside input. Details some techniques for fine-tuning the investment process. (MLF)

Information about tax-sheltered annuity plans and a questionnaire to assist in the evaluation of companies that provide a fixed annuity. (Author/MLF)

The key to effective grants management for any institution is careful coordination from beginning to end. Outlines how the grants office will handle management functions and provides checklists for grant negotiations and project start. Lists responsibilities of the grants and finance offices, documents to be included in a grant's official file,…