LM May 2017 Final

NewsInBrief

IASBschool finance book updated The Illinois

HarrisandThakeelected toAASAGoverningBoard

Amboy Superintendent Jeff Thake was elected and Barrington Superintendent Dr. Brian Harris was re-elected to the AASA Governing Board in voting that concluded the end of April. Both will serve three-year terms that begin July 1 as Thake will represent the IASA Northcentral Super Region and Harris will be one of three representatives from the IASA Northcentral Super Region. Thake will replace Rochester Superintendent Dr. Thomas Bertrand, who had filled the unexpired term of former La Salle Superintendent Daniel F. Marenda, who retired last year. In addition to Harris, other representatives of the Northcentral Super Region on the AASA Governing Board include Dr. Art Fessler, superintendent of Community Consolidated District 59 in Arlington Heights, and Dr. Judith A. Hackett, superintendent of the Northwest Suburban Special Education Organization. Fessler’s term expires in 2018 and Hackett’s term expires in 2019. The Southern Super Region is represented by Goreville Superintendent Dr. Steve Webb, whose term expires in 2019.

Association of School Boards has published an updated edition of its top- selling book, Essentials of Illinois

Jeff Thake

School Finance: A Guide to Techniques, Issues, and Resources,” authored by James B. Fritts. It’s both an informational guide and a desktop reference for public school leaders. This, the seventh edition, has been updated with the most current information available, including state budget data for Fiscal Year 2017 and recent numbers from various agencies of state and federal governments. The book also reflects the budget pressures and uncertainty that confronted state officials, boards of education, and school leaders as the 2016-2017 school year got underway. The first part of the book deals with the budgeting and management of revenue, including where schools get it, how they maximize it, protect it, manage it and plan for it. The second half of the book addresses expenditures and describes ways to assess a district’s overall financial health, including how schools budget for expenditures, reduce them, and make plans to deal with them. Together, the two sections provide a solid base for financial management and long-range planning. The final chapter describes the essential role of school board policy in setting standards for fiscal and business affairs. Essentials of Illinois School Finance is now available at the IASB Online Bookstore , or by calling 217–528–9688, extension 1108.

Dr. Brian Harris

ISDLAF+May2017MonthlyUpdate Click here to view the May 2017 ISDLAF+ rates, economic indicators and general economic news brief. To obtain additional information regarding this IASA sponsored service, contact Donald E. Weber, Senior Vice President, Corporate Relations/ISDLAF+ at 630.657.6435. To check daily rates, visit the ISDLAF+ website at www.isdlafplus.com. 33