BMFT - Class Topics

Class Topics

School Board Member Training
Fiscal Responsibility and Accountability

Session 1

Introduction and Overview
School board fiscal leadership
Understanding the board’s role and fiscal responsibility

The Fiscal Governance Team
Fiscal roles and responsibilities

Advancing the Educational Mission Through Fiscal Accountability
Attention to fiduciary responsibilities
Board control - training staff - testing

Internal Fiscal Controls and Fraud
Basic internal control - training - segregation of duties
Testing internal controls
Fraud and important fraud cases

Session 2

School District Budget Development and Management
Preparation of the budget
Long range plans
Estimating revenues

Funds, Financial Reporting, and Planning
Fund Accounting
Financial Reporting
Fiscal Distress
Fiscal Goals
Strategic Fiscal Planning