Category: Basics

Grant Carryover: An Ounce of Prevention

I have a short term assignment at a new district.  When working with grants that carry over year after year it is a great idea to check that the “carryover” amount is correct.  I did a quick check yesterday on two grants and found in fact the carryover was not correct on either of them. For the

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June 13, 2014 Short URL, , , Accounting, Basics, Daily Work, Management

Calculating Indirect Costs – The “Magic” Formula

Question: Your district has received a grant for $100,000.  The indirect cost rate is 5%.  What is the indirect cost amount for this grant? Answer: a) $5,000 b) Something else And, the answer is ….. b) Something else Explanation: The real question here is, how much of this grant can you spend on items other

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May 24, 2014 Short URL, , , Accounting, Basics, Public Schools

The Basics

I am looking forward to training a new employee who “ticks all the boxes” as we Aussies say.  One thing he lacks, though, is experience in nearly all of the actual duties of the job. That was me some 20 years ago when I first started working at a school district.  I had to learn

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May 24, 2014 Short URLBasics, Public Schools

Start Here: The California School Accounting Manual

This is Lesson One in Basics 101.  Read the California School Accounting Manual and refer to it daily.  If you are not in California I am sure that there is an equivalent accounting manual for your state, too. If you find this manual as dry as dust, then maybe this job it not for you. 

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May 24, 2014 Short URLAccounting, Basics, Public Schools

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