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School District Expenditures SF101B Introduction to School Finance

Why are you/we here?. ASBO CertificationIncrease personal knowledgeTier 1 RequirementExpendituresTier 1 annual updateTo make the day complete. Evolution of Account Classifications. Handbook II, Financial Accounting for Local and State School Systems: Standard Receipt and Expenditure Accoun

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School District Expenditures SF101B Introduction to School Finance

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    1. School District Expenditures SF101B Introduction to School Finance Benny L. Gooden ASBO July 8, 2010

    2. Why are you/we here? ASBO Certification Increase personal knowledge Tier 1 Requirement—Expenditures Tier 1 annual update To make the day complete

    3. Evolution of Account Classifications Handbook II, Financial Accounting for Local and State School Systems: Standard Receipt and Expenditure Accounts, 1957 Handbook II Revised, Financial Accounting: Classification and Standard Terminology for Local and State School Systems, 1973

    4. Account Classification Standards-Present Edition Handbook II R2- 1990 Reflects changes and clarifications in generally accepted accounting principles (GAAP) Financial Accounting for Local and State School Systems. 2003 Edition (NCES) NCES Revised Edition published June, 2009. http://nces.ed.gov/ppubsearch/pubsinfo.asp?pubid2009325 State Accounting Systems (ADE, etc.) adapt Handbook II R2 for use by local school districts

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