Great Deal! Get Instant $10 FREE in Account on First Order + 10% Cashback on Every Order Order Now

Insert Title EDD/731 v8 Peer Review Form EDD/731 v8 Page 2 of 2 Peer Review Form Carefully read your classmate’s work. In the table below, provide respectful, constructive feedback with thoughtful...

1 answer below »

Insert Title
EDD/731 v8
Peer Review Form
EDD/731 v8
Page 2 of 2
Peer Review Form
Carefully read your classmate’s work. In the table below, provide respectful, constructive feedback with thoughtful insights and comments. Short, simple responses are not appropriate. Point out areas that are well done, as well as areas that may be improved.
Classmate’s Name:
    Criteria
    Comments/Feedback
    Content Flow
    
    Accuracy of Summation
    
    Doctoral-Level Quality Writing
    
    Clarity of Writing
    
    APA Formatting
    
    Areas of Improvement
    
    Other Notes
    
Copyright 2020 by University of Phoenix. All rights reserved.
Copyright 2020 by University of Phoenix. All rights reserved.

Running head: SHORT TITLE OF PAPER (<= 50 CHARACTERS)
          XXXXXXXXXX1
     4
Executive Summary Analysis
Shelly Collins
University of Phoenix
EDD/731: Economics of Education
Dr. Janice Te
ell
January 31, 2022
Executive Summary Analysis
Constructing a budget for any school district has positive and negative attributes. As stakeholders of public education, it is valuable to understand the process in which education funding undergoes, and to become more aware of why the needs of our students should be met to ensure adequate and equitable education is both given and received for our students. Because the budgeting process is meticulous and tedious, it is valuable for all stakeholders to take part in the funding process. The major challenges that are present with executing a well-designed district budget includes ensuring our stakeholders are not placed under a financial constraint by keeping property taxes low, as well as ensuring our students have funding available for authentic education experiences outside of the classroom. To manage this success, Firestone (May 2009) suggests that everyone within the district strive to create, cultivate, and implement a culture of success for the benefit of all our students. Thus, the budget created for FY 2020 incorporates decisions that will support our students, our teachers, and other education practitioners within our district. 
There are many fundamental elements regarding the education funding for FY2020. Among these, the increase in teacher and leadership capacity takes precedence, along with ensuring our students are properly served by creating new buildings for education. The collection of property taxes, combined with state and federal assistance, will allow our district to serve our students with the best and most comprehensive cu
iculum and resources to receive an adequate education, which will prepare them for their post-secondary choices. To successfully assist with these specific needs, the budget includes gives details of how the district plans to expend funds to cover costs for capital outlays (new buildings for our students), increase teacher pay, and provide ways in which we plan to supplement special projects for our students. We also believe our students should have access to technology and that our students should be able to learn in environments that are safe. Studies have shown that with the proper facilities, creating ways for students to learn in more authentic settings can improve academic success (Brimley et al., 2020).
The priority areas of our FY 2020 budget include student technology, safety and security, finishing the ADA access through high school, and completing our Salish Coast Elementary campus. The district has proposed a property tax increase to 1.88% to assist with these ambitious endeavors. These areas are important to us for several reasons, mainly due to the ongoing struggles we are facing due to the Covid 19 pandemic. Each area serves a specific purpose. The US Department of Energy XXXXXXXXXXexplains how rising enrollment can increase energy costs by the thousands. Because of this, it is necessary to ensure our students do not experience shortages in power or access to heat and air. Therefore, it is vital that our students have adequate spaces to learn. Thus, the necessity of completing the Salish Coast Elementary School project with full funding will allow our students to experience new and innovative educational experiences, without inte
uptions. It is projected that the cost to fund this priority is $65,625. Creating an opportunity for all our students to have adequate access to education, ensuring we are compliant with federal mandates for our students who are special needs or require resources is vital to their success. Being able to ensure our students have these resources will allow them the opportunity to succeed post-secondarily. This idea, coupled with providing equitable technology for our students, allows them to experience different educational activities. The proposed budget for ADA is $2,878,952, while the proposed budget for technology is $250,000.
Each entity that supports education has a significant role to assume to ensure our students have an efficient and equal opportunity to learn. Ensuring students have obtained an adequate education, which makes them marketable for their futures, is the goal all stakeholders should strive to achieve. Brimley et al. (2020), reminds us that even though the federal government does contribute to education, it is the primary responsibility of the state to ensure adequate and equitable funding is provided for our students. Equality of education takes effort and motivation. Knoepple et al XXXXXXXXXXremind stakeholders that ensuring equalization of funding take place allows students to have the opportunity to experience the same, or nearly the same, education. To maintain this theory, the budget allots for $350,000,000 to provide equal access, improve efficiency of cu
iculum and instruction practices, and create equitable access to resources, through our general operations fund.
The funding formula for our district includes property tax and timber tax. These taxes are in place to ensure our schools are funded locally. It is valuable for our district stakeholders to be active participants in ensuring our students have access to 100% of the funds budgeted for FY 2020. As a district, we are not anticipating incu
ing bonds for our FY 2020. If we should incur bond debt, our plan is to repay the bonds through use of earmarked miscellaneous funds of $1,388,000. 
Our district projects the total length of time to complete the Salish Coast Elementary School project within three years. This gives our district time to ensure the structure is sound, fully furnished, transportation and food services are provided, and we can hire the qualified personnel needed for our students who will attend this facility. As we continue to navigate our cu
ent budget, we predict the proposed budget for FY 2020 will be received by our stakeholders well and with full support. Our district strives to maintain transparency. As we approach the new school year, we perceive that our challenges will lie in the collection of the proposed levies pf $3,121,414. Based on our cu
ent budget, collection of both the timber tax and the property tax were not collected at 100%. Although it is our desire to collect these levies at 100%, we are looking at possible shortfalls in these areas again, by roughly 57%. 
References
Brimley, V., Verstgen, D.A., & Knoeppel, R.C XXXXXXXXXXFinancing education in a climate of change. (13th ed.). Pearson Education, Inc.
Firestone, W. A XXXXXXXXXXAccountability nudges districts into changes in culture. Phi Delta Kappan, 90(9), 670
Knoeppel, R. C., First, P. F., & Ordu, C. A XXXXXXXXXXFinance Equity, student achievement and justice: A five state analysis of equality of opportunity. Journal of Educational Administration, 52(6), XXXXXXXXXX.
Plummer, E. (2006, October). The effects of state funding on property tax rates and school construction. Economics of Education Review, 25(5), 532
Port Townsend School District. (n,d, XXXXXXXXXXPremliminary local budget summary. https:
www.ptschools.org/departments
usiness_and_finance_
udget___financial_reports 
Port Townsend School District. (n.d.). Levies for learning. https:
www.ptschools.org/levy
U.S. Department of Energy XXXXXXXXXXGuide to financing EnergySmart schools. Retrieved on May 12, 2010 from http:
apps1.eere.energy.gov
uildings/publications/pdfs/energysmartschools/ess_financeguide_0708.pdf

Insert Title
EDD/731 v8
Budget Worksheet and Template
EDD/731 v8
Page 2 of 2
Budget Worksheet and Template
Use this sheet to calculate prior year (PY) and cu
ent year (CY) revenue, expenditures, fund balances, operational balances, and budget balance. You may move or add items as necessary.
No. of students (1,198) x ($_______ / student) = State foundation funding = _____________
    Local Taxes
    Amount
    Quantity of maintenance and operation mills
    
    Quantity of debt service mills
    
    Quantity of capital outlay mills
    
    Total millage
    
    Assessed valuation
    6,445,175,673.00
    Bonded debt
    2,663,626.49
Fund 1: Salary
    Category
    PY Actual
    CY Budget
    Beginning balance
    2,100,000
    1,946,358
    Total revenue
    19,260,702
    19,637,306
    Total expenditure
    12,478,397
    11,922,943
    Total transfers
    68,725
    69,200
    Ending balance
    1,286,529
    1,101,793
    Full-time equivalents
    88.72
    85.23
    Average teacher salary
    
    
Fund 2: Operating
    Category
    PY Actual
    CY Budget
    Beginning balance
    300,000
    350,000
    Total revenue
    275,750
    261,725
    Total expenditure
    261,150
    291,450
    Total transfers
    0
    0
    Ending balance
    314,600
    320,275
Fund 3: Building and Construction
    Category
    PY Actual
    CY Budget
    Beginning balance
    0
    0
    Total revenue
    0
    0
    Total expenditure
    3,900,000
    2,700,000
    Total transfers
    0
    0
    Ending balance—building and construction is part of capital outlay
    0
    0
Fund 4: Debt Service
    Category
    PY Actual
    CY Budget
    Beginning balance
    1,361,000
    1,388,000
    Total revenue
    2,678,839
    2,678,515
    Total expenditure
    2,640,843
    2,660,275
    Total transfers
    0
    0
    Ending balance
    1,398,996
    1,406,240
Fund 5: Capital Outlay
    Category
    PY Actual
    CY Budget
    Beginning balance
    3,700,000
    2,132,000
    Total revenue
    1,068,323
    1,556,497
    Total expenditure
    3,900,000
    2,700,000
    Total transfers
    59,393
    250,000
    Ending balance
    808,930
    738,497
Fund 6: Federal Grants
    Category
    PY Actual
    CY Budget
    Beginning balance
    0
    0
    Total revenue
    1,460,303
    1,454,948
    Total expenditure
    1,460,303
    1,454,948
    Total transfers
    0
    250,000
    Ending balance
    0
    0
Fund 7: Activity
    Category
    PY Actual
    CY Budget
    Beginning balance
    2,100,000
    1,946,358
    Total revenue
    19,260,702
    19,637,306
    Total expenditure
    20,074,173
    20,481,871
    Total transfers
    0
    0
    Ending balance
    1,286,529
    1,101,793
Fund 8: Food Service
    Category
    PY Actual
    CY Budget
    Beginning balance
    5,240
    5,240
    Total revenue
    240,000
    210,000
    Total expenditure
    533,312
    547,329
    Total transfers
    0
    500
    Ending balance
    0
    0
Fund 9: Fixed Assets
    Category
    PY Actual
    CY Budget
    Beginning balance
    0
    0
    Total revenue
    0
    0
    Total expenditure
    0
    0
    Total transfers
    0
    0
    Ending balance
    0
    0
Reference:
Port Townsend School District. (n.d XXXXXXXXXXDraft budget. https:
p6cdn4static.sharpschool.com/UserFiles/Servers/Server_154927/File/Departments/Finance%20and%20Business/FInancial%20Rpts/Draft%20Budget% XXXXXXXXXXpdf
Copyright 2020 by University of Phoenix. All rights reserved.
Copyright 2020 by University of Phoenix.
Answered Same Day Feb 06, 2022

Solution

Komalavalli answered on Feb 06 2022
115 Votes
Insert Title
EDD/731 v8
Peer Review Form
EDD/731 v8
Page 2 of 2
Peer Review Form
Carefully read your classmate’s work. In the table below, provide respectful, constructive feedback with thoughtful insights and comments. Short, simple responses are not appropriate. Point out areas that are well done, as well as areas that may be improved.
Classmate’s Name:...
SOLUTION.PDF

Answer To This Question Is Available To Download

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here