Driven by Data

COVID-19 Resources: Supporting Students, Families, and Staff

This post provides information on what you may need to be thinking about in the areas of finance, student data, human resources, student meals, and technology as a result of COVID-19. We will continue to update this as we have more information. If there are specific questions you would like to see answered that you do not see below, please reach out to your EdOps Specialist.

DISCLAIMER: EdOps does not provide legal or tax advice. Consult an attorney or tax accountant for specific questions.

Funding for Facilities: What are Lenders Looking for?

Lenders want to know if you will pay them back. Whether you are considering traditional bank loans, taxable or tax-exempt bonds, or even special forms of financing created by state or federal government programs, the underlying question is the same. To find the answer, lenders look for assurances that your project and school will generate enough cash flow to service the debt (and that your school will stay open long enough to pay).

Four Things to Consider Before Beginning the Budgeting Process

A well-conceived budget will serve as a “map” when making financial decisions throughout the year. It will reflect what you value as an organization, communicate your priorities to key stakeholders (board, staff, authorizer, families, funders), and highlight any new or changed priorities. Before the more technical work of the budgeting process begins, there are a number of broad concepts that we recommend every school focus on. READ MORE >>

Make your school budget work for you throughout the year

All too often school leaders go through the process of making a budget – only to let it collect dust once it’s complete. A budget done well transforms abstract goals into concrete numbers and allows you to track progress towards those goals throughout the year. If you are not coming back to your budget on a regular basis as the year progresses, you can stray from your goals and expose your school to unintended risks.

A Deep Dive into Direct Student Expenses – Part 3

Every year, our schools ask us questions like, “How are other schools spending their student recruitment dollars?,” and “How much are other schools spending on student transportation?” While school leaders know what they have spent in the past and plan to spend in the future, they often don’t have helpful information about their peers. Additional student expense categories are covered in this post.

Integrate Your Finance & Student Data Teams During the Enrollment Process

Revenue from annual student enrollment typically makes up 75% to 95% of a school’s budget, so hitting enrollment targets each year is critical. To ensure all parties are able to make key decisions and help the school stay on track, it is important to maintain an open and clear line of communication between Executive, Finance, Student Data, and Operational personnel.