Driven by Data

Budget Considerations from COVID-19: LEAs’ Follow-Up Planning

On April 15, EdOps published “Budget Considerations from COVID-19,” detailing planning considerations that LEAs might apply to their contexts when budgeting for SY20-21. This post is a follow-up to share the planning efforts of specific LEAs on DC’s Deputy Mayor for Education’s Contingency Education Budget Planning Response Work Group. The intention of this post is to facilitate knowledge sharing among public charter school LEAs as they prepare their SY20-21 budgets.

Budget Considerations from COVID-19

Much is unknown about the impact or the duration of the COVID-19 crisis. In coordination with the D.C. Deputy Mayor for Education’s Contingency Education Budget Planning Response Work Group, EdOps led the development of potential revenue and expense implications the pandemic may have on local education agency (LEA) budgets. LEAs are encouraged to apply these considerations to their contexts.

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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.

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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).
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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 >>