Managing your Money

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Managing your Money
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BUDGETING

• Salaries
• Benefits
• Classroom supplies
• Operations Maintenance
• Rental(s)
• Utilities
• Telephone

• Advertising
• Publications
• Equipment
• Professional development
• Central office support
• IT Services
• Other?

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Classroom supplies/equipment

• Testing materials
• Texts / workbooks
• Research materials
• Instructional materials
• Computers
• Software
• Other

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OVERHEAD

• Rent
• Utilities
• Plowing
• Lawn care
• Taxes
• Daily maintenance
• IT Support
• Other internal
• transfers

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Staff

• Salaries
• Annual increases, some according to contract
• Annualize hourly expenses
• Benefits
• FICA
• Workmens Comp
• Unemployment Insurance
• Retirement Accounts
• Health Dental Insurance
• Retiree health insurance
• Compensated absences

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STAFFING

• Instructors
• Aides
• Case Managers
• Support Staff
• Administrators
• Central Office
• Other

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Your partner in financial successthe Business
Office!

• Who is your contact?
• What does the Business Office need?
• Remember AUDITS
• What do you need?
• Required reports
• Useful reports
• Regular updates and meetings

FS-10
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Providing the best service for the money---

• Be sure you know
• eligibility requirements
• allowable expenditures
• reporting requirements
• correct forms
• for funding streams

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Things to consider

• Blending customers
• Blending funding streams
• Collaborations as a way to serve customers and
  stretch the dollars
• Providing fee for service programs
• Allocating resources
• i.e. multiple funding streams supporting salaries
• Time / effort logs
• Federal requirementsEDGAR

http//www.ed.gov/policy/fund/reg/edgarReg/edgar.h
tml
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Self Review Form

• Track your progress
• Make program improvements
• Leadership Excellence Academy training
• Adult Literacy Education
• Core Curriculum training
• Use RAENs as resource

Adult Literacy Compliance Self Review Form