School Finance Accountability Board members met for the first time in 2017 and adopted a slightly amended version of the board’s rules. SFAB’s rules outline the different facets of the board’s work including the waiver request process, which requires waiver requests be submitted to the board before the first Friday in November, the documentation school …
SFAB adopts rules, hears teacher pay accountability report Read More »
A group charged to review school district compliance with the requirements of the state’s school funding formula is seeking input from school officials on their proposed rules. Members of the School Finance Accountability Board are scheduled to meet at 1 p.m. on Thursday, March 16 to review and possibly approve proposed rules for the board. …
On the first Friday in November of 2016, a group charged with tracking compliance with the requirements of the state’s school funding formula reviewed proposed deadlines that could be significant for some school districts on the first Friday in November of 2017. School Finance Accountability Board members reviewed draft rules for school districts submitting …
Finance Accountability board reviews rules and waivers Read More »
A group charged to review school district compliance with the state’s new school funding formula met for the second time this week (10/3). Members of the School Finance Accountability Board recently reviewed a proposed timeline for waivers, examples that compel a district to apply for a waiver and an example of what a waiver …
Finance Accountability Board meets for second time Read More »
ASBSD is excited to announce we have launched ASBSD School Board U, an online training site for school board members. ASBSD School Board U offers board members five course options – School Board Governance, Fiscal Responsibility, Strategic Planning, a New Board Member Workshop and Ethical School Board Service. Visit our webpage to find registration links for …
School districts will continue to receive flexibility with their general fund cash balances. Members of the School Finance Accountability Board (SFAB) unanimously approved a resolution extending the blanket waiver for school districts receiving federal funds tied to COVID-19 so that would not be penalized in state aid reduction should they exceed the general fund …
SFAB approves continuation of cash balance cap waiver Read More »
Leniency related to general fund cash balance caps could be coming for school districts. Members of the School Finance Accountability Board (SFAB) met recently (9/22) and passed a resolution granting a waiver from the general fund cash balance cap for school districts who receive Coronavirus Relief Funds. Download the SFAB Resolution here and …
SFAB passes resolution related to cash balance cap waivers Read More »
The focus of the waiver process turns to general fund cash balance in 2018. Last year, members of the School Finance Accountability Board acted on teacher compensation waivers and at their first meeting of the year (3/12), the board took a look at the general fund cash balance waiver process. “I know that …
A bill providing appropriators more options when it comes to acting on accountability waivers got through to the governor. Senators passed an amended House Bill 1166, which provides the Joint or Interim Appropriations committee the power to approve, amend or deny teacher compensation waivers, on a 30-3 vote. An amendment added on the Senate floor adds a step …
Bill permitting Appropriators to act on waivers on to Gov. Read More »
A bill providing appropriators more decision making ability on waivers is a step closer to law. On a 6-3 vote, Senate appropriators approved House Bill 1166, which provides the Joint or Interim Appropriations committee the power to approve, amend or deny teacher compensation waivers. Sen. Justin Cronin told committee members the bill came about following the past year’s …
Bill providing appropriators leeway on waivers reaches Senate floor Read More »
Associated School Boards of South Dakota is a private, non-profit organization representing more than 850 local school board members, the school districts they govern and the students they serve.