MO School Finance Update

Timely and Critical Updates

⚙️ Systems Thinking 💻 Virtual 🆓 Free

  • Date: December 10, 2024

  • Time: 10-11 AM

  • Location: Virtual; A recording of this session will be placed in the On-Demand Catalog and be available to GOCSD Members

  • Intended Audience: Superintendents & Assistant Superintendents, others with finance responsibilities

  • Registration Fee: Free and open to GOCSD Members and Nonmembers

Register

Why Attend?

School superintendents and others with finance responsibilities will not want to miss this session focused on timely, critical school finance topics. December is the calm before the start of the budget season. Come learn about topics you need to know as you update your budget for this year, and create your budget for next year.

  • Estimating ADA – The pandemic protection is gone, and we are now going to be paid on the highest WADA of the FY25, FY24 or FY23. Also, the threshold for F/RL in the formula has reduced significantly, so FY25 could very well be your highest year. Understand a safe way to make an estimate for your ADA so you can get those funds this year.

  • Missouri General Revenue – In early December every year, the Governor, House Budget Director and Senate Budget Director agree to the amount of revenue to be used to create the budget. Hopefully, we will know the updated revenue estimate. We will discuss how trends of general revenue and sales tax look. This will help us understand if we can rely on the revenue promises made in the current budget and what we can expect for funding in FY2026.

  • Declining Interest Rates – The Effective Fed Funds Rate has steadily increased from 0% in March 2022 to over 5.25% in September 2024. Keeping your funds liquid during that time allowed for you to earn higher rates as the fed raised rates. Learn how understanding your cash flow will allow you to understand your liquidity needs and what ability you have to lock in some of your funds in fixed rate investments to protect against declining short-term rates.

Guest Experts

Jason Hoffman

Jason Hoffman
Vice President of Investment Services
MOCAAT

Jason is one of Missouri's foremost experts in school finance. His decades of experience building and deploying school budgets, along with his extensive engagement at the state level with all items relating to school finance at the legislative level, make him a leader among his peers and a "go to" resource for all who have school finance related questions.

John Jungmann

John Jungmann
Vice President of Investment Services
MOCAAT

John spent 13 years as a Missouri superintendent serving school districts in three different districts including his last 7 years in Springfield Public Schools. His extensive leadership experience in the legislative process at the local, state, and national level has made him a great resource for other leaders working to understand the education system functions and how politics impacts the operation and funding of schools.

Event Sponsor

MOCAAT

The premier investment choice for Missouri public entities, the Missouri Capital Asset Advantage Treasury (MOCAAT) is a complete financial management resource for Missouri school districts, municipalities, counties and colleges. It was started by Missouri public entities and associations seeking a full-service investment program to offer investments that maintain safety and liquidity while providing a competitive yield. The Program includes a full range of investment options and services, including online transactions and reporting.

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GOLearn Professional Learning Framework

GOLearn

Our GOLearn PL Framework provides an overview of the learning experiences we offer. This systems approach supports continuous improvement and allows members to identify the offerings that meet their needs, providing a personalized experience. It includes three strands: Systems Thinking, Safe and Collaborative Culture, and Highly Effective Teaching and Leading.

We use the Learning Forward Standards for Professional Learning when designing our experiences to ensure that we provide professional learning that leads to high-quality leading, teaching, and learning for students and educators.

Review our GOLearn Framework to identify sessions that meet your needs, see what sessions are currently open for registration on our PL Events webpage, and access the content in our on-demand catalog to start learning now.

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