Essentials of School Funding & Finance 2023-2024

Date: Jan. 10-11, 2024

Location: OASBO Conference Center | 98 Commerce Park Drive | Westerville, OH 43082

Fee: $200 (Member) / $400 (Non-Member)

A course for those seeking their treasurer’s license through OASBO’s, ODE Approved Pathway 3, or for all types of business officials. This course provides comprehensive content in the areas of local taxation - including the complexities of tax abatements, the components of state funding, the details of issuing debt, the mechanics of financial reporting, ethics and the fiscal officers responsibilities, grant accounting and management, EMIS requirements, tuition and student related costs to recapture, preparing for and responding to audits.

Agenda

Day 1

8:00 a.m.
Module 1: History of School Funding in Ohio 

9:00 a.m.
Break

9:15 a.m.
Module 2: Local Taxation - Property Taxes and Millage Rates
(Property Values, Levies, Rates and Reduction Factors, Income Tax and Debt Limitations) (CPIM Pending)

Standards: 1.1, 1.3-1.6; 2.1-2.4; 3.1-3.2; 4.1-4.3; 5.3

11:00 a.m. 
Break

11:15 a.m.
Module 3: Impacts on Local Tax Revenue
(Board of Revisions, Abatements, TIFs, Enterprise Zones (EZs), CRAs and Other Development Incentives) (CPIM Pending)

Standards: 1.1-1.5; 2.1, 2.4; 4.1-4.3; 5.3

12:30 p.m. 
Lunch

1:00 p.m.
Module 4: State Funding
(Biennial Process, Foundation Formula, Guarantees, Components of Formula, Categorical Aid)

Standards: 1.2, 1.5; 2.3; 4.1; 5.3

2:15 p.m.
Break

2:30 p.m.
Module 5: Debt Issuance (Role of the Professional, Steps in the Process, Types of Issuances, Disclosures, Ratings) (CPIM Pending)

Standards: 2.1-2.2, 2.4; 4.2-4.3

4:30 p.m. 
Adjourn

Day 2

8:30 a.m.
Module 8: Grant Accounting & Management (State/Federal Grants, Supplant, Supplement, Maintenance of Effort, Indirect Costs, PCRs, FERs) (CPIM Pending)

10:00 a.m.
Break

10:15 a.m.
Module 6: EMIS (Why Data counts, compiling, validating, reporting, certifying district data) (CPIM Pending)

Standards: 1.2; 5.1-5.3  

11:15 a.m.
Break

11:30 a.m.
Module 7: Why Kids Count (Tuition, Excess Costs, SF6, SF14, Catastrophic Costs and More) (CPIM Pending)

12:30 p.m. 
Lunch

1:15 p.m.  
Module 9: Financial Reporting - Requirements, Deadlines, CAFRs, Board and Community Reports, Financial Transparency (CPIM Pending)  

2:15 p.m.
Break

2:30 p.m.
Module 9: Annual Audits (CPIM Pending)          
    
3:30 p.m.
Adjourn