Learning Lab: Long Range Financial Planning for School Districts
Build Your School District Forecast

New & Updated Curriculum! 

This unique hands-on series will help school officials maximize the potential of long range financial planning to support a school district multi-year plan that strengthens the school district’s financial condition, provides information that supports sustainability, and manages change in the district. The long-range plan provides a framework to support collaboration between the school district’s financial and instructional leadership and helps the district manage external factors such as the Tax Cap.


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Agendas & Topics Covered


Data Needed to Participate

This is a preliminary list of data that will be needed to participate in this course. A final list will be presented at the orientation webinar and distributed prior to the start of the course. 

Five (5) years of summarized historical financial data (actuals):

  • Revenues
  • Expenses
  • Reserves and Fund balance
    • Do you have a spending plan for reserves?
  • PILOT schedule
  • Debt service schedule 2018-2023 (actual)      
  • Building Aid projection
  • Enrollment projection
  • List of major assumptions for salary and benefit increases

 


Orientation Webinar
Registrants must participate in the pre-session orientation webinar in order to be prepared for the course. A recording will be made available if a registrant cannot attend the live broadcast. 

AGENDA:

  • Introductions, background information, general discussion, and expected class outcomes
  • Why complete a LRFP?                    
  • What information is needed to complete a LRFP?
  • What software will you use to create the LRFP?
  • What to expect for the class series?
  • What “homework” will you have?

 


Class 1
Class 1 will be from 10:00 a.m. - 3:00 p.m. at the location specified. Lunch will be provided.

AGENDA:

  • Review timeline of Long Range Financial Planning
  • Analysis of historical data
  • Discussion of Fund Balance and Reserves
  • Mini-lesson on the Strategic Plan and Instructional Programming
  • Review budget forecasting models
  • Begin building a budget forecast:
    • Major Revenue Assumptions
    • Major Expenses Assumptions

 


Class 2
Class 2 will be from 10:00 a.m. - 3:00 p.m. at the location specified. Lunch will be provided.

AGENDA:

  • Mini-lesson on Capital Project Planning 
  • Moving from the Forecast to the Budget
  • Develop a communication plan
  • Analyze reserves and case studies of budget challenges to prepare for future challenges
  • Reflection on the process        

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Presenters

The course is taught by a former Assistant Superintendent for Business Services, Michael Vespi, now the Senior Analytics Advisor, Northeast Region for Forecast5 Analytics, Inc. Michael will be assisted by Brady Regan and other professional experts throughout the series. 

 

 

 


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Details /Dates & Locations

Registration Deadline: September 11, 2017

Sessions will be interactive and participants will work towards developing a financial forecast for their particular school district. The goal is to help ensure that participants are able to transfer knowledge learned to their job setting. Participants must take all sessions. 

Cost
$500 for members / $750 for non-members

All registrants will attend the pre-session webinar followed by two in-person classes, resulting in a long range financial plan for your district. You must watch the pre-session orientation webinar in order to prepare for the in-person classes. The orientation webinars will be recorded for viewing if you cannot make it to the live broadcast. 

Credits
Eligible for credit to meet Continuing Professional Education (CPE) and Continuing Teacher and Leader Education (CTLE) requirements.  

Albany - NYSASBO Training Center

NYSASBO Office
453 New Karner Road
Albany, NY 12205

Orientation Webinar: September 14, 1:00 p.m. - 2:00 p.m. 

Class 1 (in-person):  September 19, 10:00 a.m. - 3:00 p.m.

Class 2 (in-person): November 28, 10:00 a.m. - 3:00 p.m. 

Visit the Long Range Financial Planning Housing page to make arrangements for your stay.

Nassau - NASSAU BOCES

Robert E. Lupinskie Center for Curriculum, Instruction and Technology
One Merrick Avenue
Westbury, NY 11590

Orientation Webinar: September 14, 1:00 p.m. - 2:00 p.m. 

Class 1 (in-person): October 10, 10:00 a.m. - 3:00 p.m.

Class 2 (in-person): November 6, 10:00 a.m. - 3:00 p.m. 

 

Space is limited to 30 people per location. 

 


ONC BOCES Workshop

Those who wish to participate in this series must be Forecast 5 - 5cast members with ONC BOCES. There is no cost to participate for those members. Registration for this session is not handled through NYSASBO. Contact Johanna at johanna@nysasbo.org for details.


Schedule for the ONC BOCES course only: 

October 2, 12:00 p.m. - webinar
October 24, 9:00 a.m. to 3:00 p.m. - at OAOC location in Milford, NY
November 7, 12:00 p.m.- mid course webinar
December 19, 9:00 a.m. to 3:00 p.m. - at NCOC location in Grand Gorge, NY
January 11, 12:00 p.m. - mid course webinar
January 23, 9:00 a.m. to 12:00 p.m. - at OAOC location in Milford, NY 


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General Disclaimer: The information provided in publications, webinars, conferences or other means sponsored in whole or in part by the New York State Association of School Business Officials (NYSASBO) is intended solely as a public service to its membership, and is not intended to constitute or take the place of legal, financial, or other professional advice rendered in the context of a contractual professional relationship.  NYSASBO does not guarantee the accuracy, relevance, timeliness or completeness of information provided in such formats  Any views expressed by individual authors, presenters or speakers are theirs alone and do not necessarily represent the views of NYSASBO. NYSASBO disclaims all liability and/or responsibility for damages and/or harm allegedly arising out of reliance on the information provided in NYSASBO’s publications, webinars, conferences or other means.