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Managing your Money. Salaries Benefits Classroom supplies Operations & Maintenance Rental(s) Utilities Telephone. Advertising Publications Equipment Professional development Central office support IT Services Other?. BUDGETING. Classroom supplies/equipment. Testing materials
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Salaries Benefits Classroom supplies Operations & Maintenance Rental(s) Utilities Telephone Advertising Publications Equipment Professional development Central office support IT Services Other? BUDGETING
Classroom supplies/equipment • Testing materials • Texts / workbooks • Research materials • Instructional materials • Computers • Software • Other
OVERHEAD • Rent • Utilities • Plowing • Lawn care • Taxes • Daily maintenance • IT Support • Other internal transfers
Staff • Salaries • Annual increases, some according to contract • Annualize hourly expenses • Benefits • FICA • Workmen’s Comp • Unemployment Insurance • Retirement Accounts • Health & Dental Insurance • Retiree health insurance • Compensated absences
STAFFING • Instructors • Aides • Case Managers • Support Staff • Administrators • Central Office • Other
Your partner in financial success—the 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
Providing the best service for the money--- Be sure you know • eligibility requirements • allowable expenditures • reporting requirements • correct forms for funding streams
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 requirements—EDGAR http://www.ed.gov/policy/fund/reg/edgarReg/edgar.html
Self Review Form Track your progress Make program improvements Leadership Excellence Academy training Adult Literacy Education Core Curriculum training Use RAEN’s as resource Adult Literacy Compliance Self Review Form