financial reporting changes
Under ESSA, school districts must now demonstrate greater transparency with their financial data, including showing per-pupil expenditures by school based on actual expenses.
“The new financial regulations surrounding ESSA have created confusion for many administrators in K-12,” said Jess Gartner, the CEO and founder of Allovue. “Allovue works with school and district leadership to streamline their financial data to create more transparency in their budgets and to clearly connect spending with student outcomes. We’re proud to share our knowledge and shine a light on the changes and challenges to come.”
Featuring both original content penned by Allovue’s budget experts and links to a wealth of useful resources, the new site helps K-12 executive leadership make sense of the new requirements, take steps to alter their practice, and bring necessary changes to light.
“This is a whole new world for school districts in terms of their financial data,” said Gartner. “ESSA requires them to generate complex reports in plain English quicker than ever before, which requires a fluency and ease with data that many districts are still struggling with. Now more than ever it’s important to have the right information and the right partnerships in place.”
Allovue is a pioneering education finance technology company that empowers educators to strategically and equitably allocate resources to best support the needs of students. Their signature software platform, Balance, helps educators budget, manage, and evaluate spending. Allovue also supports district financial strategy through research, training, and equity analysis. To learn more, please visit allovue.com.