School Monies
All this week we have had various staf development meetings. Yesterday, we covered the topic of the procedure for purchases and a brief budget overview. This comment is especially for anyone who read the post on Dave's blog about a week ago about funding to schools.
Here in New York, currently, if a school does not use certain funds that have been publicly allocated to them, the funds are basically lost at the end of the fiscal year. My first thought is that it seems like this would rarely happen. Apparently last year in New York City, MANY schools were in the position that they had not used all of their money and were going to lose it. They all scrambled to use it at the last minute, which leads me to believe the "no rollover" rule may be new.
When the principal was asked how much was left over at our school, she just replied, "Umm... a few thousands." I do recognize that our school receives outside money from grants and donors, but the vice principal is new to the school, and he confirmed that many schools did indeed have the same problem.
So, this just affirms my statement on Dave's blog that I truly don't think that funding is the problem in many schools. It may be the case in urban schools, but the city is definetly doing quite all right.
So, our goal this year is to make sure that ALL of the money gets spent. Who would have guessed that its such a hard task?
Here in New York, currently, if a school does not use certain funds that have been publicly allocated to them, the funds are basically lost at the end of the fiscal year. My first thought is that it seems like this would rarely happen. Apparently last year in New York City, MANY schools were in the position that they had not used all of their money and were going to lose it. They all scrambled to use it at the last minute, which leads me to believe the "no rollover" rule may be new.
When the principal was asked how much was left over at our school, she just replied, "Umm... a few thousands." I do recognize that our school receives outside money from grants and donors, but the vice principal is new to the school, and he confirmed that many schools did indeed have the same problem.
So, this just affirms my statement on Dave's blog that I truly don't think that funding is the problem in many schools. It may be the case in urban schools, but the city is definetly doing quite all right.
So, our goal this year is to make sure that ALL of the money gets spent. Who would have guessed that its such a hard task?
posted by Jennifer Q @ 1:15 AM
2 Comments:
At 12:51 AM,
MorsaJones said…
(i know about the need to get new sandals.. mine are on their last.. legs.. er.. something.. too.. ok..)
At 7:04 PM,
Anonymous said…
That is the same way that the Government uses funds. Money that is not used by the end of the year is put back in the Treasury. Hence the phrase, "Use it or Lose it." (I doubt this is where that phrase comes from but it fits nicely here don't you think?) Allocations for the next year are based on how much money was used the previous year. Therefore, any agency that doesn't use all it's funding will not get as much the following year. Use less - definately get less. Use all - possibly get the same or just a little less. Not much of an incentive to be more efficient. - Mom
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