Introduction | What's New? | Managing for Results | Budgeting for Results | Accounting for Results | Auditing for Results | Courses | GASB 34 Implementation | Contact Us

Basic Chapter 70 and Net School Spending Workshop
Monday Morning, September 22, 2008
Assabet Valley Regional High School District, Lecture Hall
215 Fitchburg Street
Marlborough, MA 01752

Course Description
Last Updated: February 17, 2008

Course Description

Syllabus

Registration Form

Directions to Class


 

The Basic Net School Spending Workshop (for Dummies) will be conducted on Monday morning, September 22, 2008 from 8:30 AM to 12:30 PM at the Assabet Valley Regional Vocational School in Marlborough.  This workshop is an introductory session on net school spending.  This workshop will review the DOE website on the Chapter 70 program and the foundation budget covering:

  • Net school spending regulations
  • Chapter 70 district profiles
  • Foundation enrollment
  • NSS compliance
  • Compliance supplement
  • NSS worksheet
  • Municipal costs paid on behalf of the school district (indirect costs)

This workshop will introduce the FY09 final Chapter 70 and net school spending requirement and provide an overview of how the foundation budget, local contribution, Chapter 70 distributions, required net school spending, and how the local contribution is apportioned to member districts. The FY09 numbers represent the third year of major equity changes in the formula. Learn about the aggregate wealth model, your district's ability to pay, and whether you are above or below the target. Understand if your local contribution will increase or be reduced by a percent of the excess over the target. Learn about the four categories of Chapter 70 aid and how that is calculated. In addition to the FY09 final numbers, you will understand the many components of educaiton reform financing, the foundation formula, the regulations and guideline, indirect costs and other important concepts.

This workshop is recommended for school and town officials or individuals who would like a net school spending overview or refresher.

September 22, 2008
8:30am to 12:30pm

Assabet Valley Regional High School District, Lecture Hall
215 Fitchburg Street
Marlborough, MA 01752
Tuition: $125.00 per individual;
$250.00 per municipality/district
CPE Credit Hours: 4
   
   
   
Instructor: Mark D. Abrahams, CPA

Registration Form

For more information contact Mark D. Abrahams at 508 788-9172 or at Bettergov@aol.com, or visit this website periodically for further updates.