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Health fund retains all members, adds 14 new districts

Nearly 70 school districts and education cooperatives will comprise the health fund in Fiscal Year 2019.   The South Dakota School District Benefits Fund retained 100 percent of its membership – marking the second straight fiscal year the fund retained every member – AND added 14 new members to bring the total number of participants …

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p-Card picks up members & rebate dollars for sixth straight year

For the sixth year running, the p-Card Program added more members and earned more in rebates.   The p-Card Program, which is supported by ASBSD and the Illinois Association of Business Officials, saw a growth from 27 participating members in 2017 to 29 in 2018 and those members earned $82,420 in total rebates this year. …

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Committee commences Extraordinary Cost Fund study

Legislators tabbed to review special education funding began their study recently (6/13).   The 13-member legislative panel convened to review South Dakota’s extraordinary cost fund for special education, which districts can apply for to receive additional funding for special education costs.   “It’s an important subject for all of us,” Committee Chair Rep. Mary Duvall …

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Revenue collection remains ahead with one month to go

Revenue for the fourth and fifth months of 2018 found the black and put fiscal year 2018 a positive final month away from collections outpacing estimates.   S.D. Bureau of Finance and Management reported April’s collections coming in $4.2 million above estimates with the Bank Franchise Tax ($4.7 million) being the month’s biggest winner while …

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Register for the premier learning event for board members and administrators

Interact with and learn from your fellow board members and administrators at the 2018 ASBSD-SASD Convention, which will feature insightful general session speakers and informative breakout sessions on a variety of topics, as well as more than one hundred exhibitors offering great services to K-12 education, on Thursday and Friday, August 9-10 at the Sioux Falls Convention Center. …

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Policy Alert: Annual Budget and finance policies

Policies of a school district have the full force and effect of law and legally bind the school district.  Wessington Springs Ed. Assoc. v. Wessington springs Sch. Dist., 467 N.W. 2d 101 (S.D. 1991).     By Gerry Kaufman, ASBSD Director of Policy & Legal Services   ASBSD Policy Services recently overhauled our annual budget …

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Health Fund provides low renewal rates, adds new members

You can count on two fingers or less the percentage increase in premium the 61 school districts and educational cooperatives who are members of the health fund will receive next year.   South Dakota School District Benefits Fund members recently received their health fund premium renewals, which range from zero to two percent, for Fiscal …

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ASBSD Board of Directors meeting agenda – April, 2018

Below you will find the meeting agenda for the ASBSD Board of Directors meeting being held in Sioux Falls, SD on Friday and Saturday, April 20-21. A PDF version of the agenda can be downloaded on the Publications & Forms page.   ASBSD Board of Directors Meeting Courtyard by Marriott Hotel, 12:00 p.m., Sioux Falls, SD   Call …

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Extraordinary cost fund tabbed for interim study

An area of school funding will be studied by the legislature in this year’s interim.   Members of the legislature’s Executive Board voted unanimously to study the state’s extraordinary cost fund, which districts can apply for to receive additional funding for special education costs.   “This fund is getting hit pretty hard,” Rep. Hugh Bartels …

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SFAB reviews latest waiver process

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 …

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