Description
Book SynopsisAbout our authors
Deborah Verstegen, PhD is a professor of educational leadership, College of Education, University of Nevada, Reno. She served as Edwin J. O'Leary Endowed Chair of Financial Management, University of Illinois, Urbana-Champaign, and was a professor of finance and policy in the Curry School of Education at the University of Virginia for nearly 2 decades. Prior to joining the university community she was a teacher, administrator and legislative aide in state government. She has had teaching experience at all levels, from pre-school, elementary and secondary to community college and university. Her administrative experience in education is also broad. She has been a central office administrator for a K-12 school system in Alaska's Iditarod Area School District, Director of the Mid-management Program at the University of Texas at Austin, and Department Chair in Educational Leadership at UNR. She is author or co-author of over 300 books, articles
Table of Contents
Table of Contents
-
The Economics of Education
- Education as Human Capital
- Creation of Wealth and Education
- Education: An Important Industry
- A Public-Sector Responsibility
- Economics and Social Progress
- Economic Benefits of Education
- Noneconomic Benefits of Education
- Cost-Quality Relationship in Education: Does Money Matter?
-
The Need for Adequate Funds
- Adequacy and the Factors Impacting It
- Education Deserves High Priority
- The Public Wants Good Schools
- The Increasing Costs of Education
- Spending on Education and the Size of the Enterprise
- Impacts on the Cost of Providing an Adequate Education
- What is the Cost of an Adequate Education?
- A Failure to Provide Opportunity and Associated Costs
- Society Suffers the Effects of Poor Education
-
Financing Education Equitably
- Inequalities in Financing Education
- Equity: An Objective of School Finance Reform
- Measures of School District Wealth
- Income Tax
- Historical Influences on Equity
- The Equalization Principal
- Improving State Equalization Practices
- Foundation Programs and Variations
- The Impact of Average Daily Attendance on Equity
- The Changing Climate and Current School Finance Practices
-
Patterns for School Finance Systems
- Developing Patterns
- Determining the Best Finance Plan
- Full State Funding
- District Power Equalization
- Property Reassessment and Local District Revenues
- Emphasis on Weighting Factors
- Principal Types of Weights
-
Sources of Revenue
- Education- Financed by Government
- The Taxation System
- Characteristics of a Good Tax System
- Taxes for Education
- Income Tax
- Sales Tax
- Property Tax
- Excise Tax
- Severance Tax
- Other Funding Sources
- Potential New Taxes
-
Education: A State Function
- Early Development of State Responsibility
- Development of Decentralized Educational Systems
- Development of School Finance Policies
- Developmental Stages of School Finance
- The Varying State Programs
- State Ability to Support Education
-
Eroding Local Control
- Changing Rural-Urban Influence on Education
- Basic School District Administrative Units
- The Administration of Local School Districts
- Advantages of Local Control
- Fiscal Independence of School Districts
- Trends in Local Taxation Practices
- Measures of Local Taxpaying Ability
- Local, State, and Federal Tax Responsibility
-
Federal Interest in Education
- Federalism
- Historical Role of the Federal Government
- U.S. Department of Education
- Constitutional Role
- Block Grants, Categorical Aid, and General Aid
- Federal Expenditures
- Fiscal Advantages and Disadvantages
- Increased Government Service
- The Future of Federal Aid to Education
-
The Influence and Climate of the Courts
- Three Waves of School Finance Litigation
- The First Wave of School Finance Litigation
- The Second Wave of School Finance Litigation
- The Third Wave of School Finance Litigation: A Shift from Equity to Adequacy?
- Second-Generation Adequacy Cases
- Impact of School Finance Litigation over Time
- Pressure for Reform
- Finance Reform or Tax Reduction?
- Court Decision Guidelines
-
Public Funds and Nonpublic Schools
- History
- Educational Choice
- The Law and Church-State Relations
-
Financing School Facilities
- The Need
- Early Capital-Outlay Programs
- Capital-Outlay Court Decisions
- State Support
- Equity in Financing Educational Facilities
- The Federal Government and Capital Outlays
- Capital-Outlay Finance Plans
- School Bonding Practices
- Other Alternatives
- Impact Fees
- Sales Taxes
- Future Policies for School Facilities
-
Administering the District and School Budget
- Evolution of Budgetary Practices
- Development of a Systems Approach to Budgeting
- District and School Budgetary Approaches
- District-Level Budgetary Practices
- Administering the District Budget
- School/District Coordination
- Budgeting at the School Level
- Challenge of Leadership
-
Accounting and Auditing
- The School Accounting System
- The Changing Accounting Environment
- Comprehensive Annual Financial Report
- Characteristics of Governmental (Fund) Accounting
- Encumbrance Accounting
- Cost Accounting
- Accrual Accounting
- Receiving and Depositing Funds
- Expending School Funds
- Auditing
- Protecting School Funds
-
Business Aspects of the School Community
- Increased Safety Hazards
- The Business Office
- Supplies and Equipment
- Purchasing
- Supply Management
- Risk Management
- Transportation
- School Food Services
-
Human Resources and School Finance
- The Expanded Role of Human Resources Administration
- Teacher Compensation
- Certification
- Pay-for-Performance— Merit Pay
- Additional Issues
- Teachers and School Finance
- The Changing Assignments of Teachers
- Administrative and Supervisory Salaries
- Noncertified Personnel Salaries
- Payroll Policies and Procedures
- Government Influence
-
The Road Ahead in School Finance
- The Future of Public School Finance
- Unresolved Issues
- Some Characteristics of Educational Structure
- School Finance Goals
- The Challenge
- Some Characteristics of Educational Structure
- School Finance Goals
- The Challenge
