School Business Affairs September 2019

publisher’s message 6 SEPTEMBER 2019 | SCHOOL BUSINESS AFFAIRS asbointl.org SIGN OF THE TIMES Those of you who are long-time SBA readers probably have noticed that although we often refresh the magazine themes from year to year to focus on emerging topics and critical issues, our September theme has remained the same for at least a decade: finance, accounting, and budgeting. That’s not to say that the topics within the theme have stayed the same, however. In keeping with our overall mission to ensure we provide the resources our mem- bers need to do their job efficiently and effectively in the changing landscape of education, our intrepid Editorial Advisory Committee helps us identify issues that they and their colleagues are facing in their schools and school districts. Curious about how the topics have changed over time, I looked back over the past 10 years and noted some of the topics we’ve covered in our September issues from a budgeting and finance point of view: The American Recovery and Reinvestment Act (2009); No Child Left Behind Act (2010); district consolidation (2011); long- range planning in a time of uncertainty (2012); new pen- sion reporting standards (2013); financial dashboards and data confusion (2014); OMB uniform grant guid- ance (2015); RTI and the cost of student achievement (2016); and the hidden cost of labor (2017). This month is no exception. You’ll find articles on internal auditing and internal controls, cash flow chal- lenges, tax-exempt debt, and a detailed overview of the new GASB statement. Oh, and if you’ve ever wondered who’s working behind the scenes to make sure ASBO International mem- bers have the tools, resources, and professional develop- ment they need to succeed, turn to page 7 and meet the ASBO International team. We hope you enjoy getting to know a little bit about us. We’re here for you, so don’t hesitate to contact us. Colophon: During production of this issue, Siobhán enjoyed watching both her girls perform on stage together; Pat marveled at the number of tomatoes a handful of plants can produce; and Laura picked and pickled countless quarts of cucumbers. School Business Afairs September 2019 | Volume 85, Number 8 SCHOOL BUSINESS AFFAIRS (ISSN 0036-651X) is the professional journal of the Association of School Business Officials International and is published monthly by the association. Periodical postage paid at Herndon, Virginia, and additional mailing of­fces. Postmaster: Send address corrections to School Business Affairs , 44790 Maynard Square, Suite 200, Ashburn, VA 20147; 703.478.0405 2019 BOARD OF DIRECTORS PRESIDENT — Tom Wohlleber, CSRM VICE PRESIDENT — Claire Hertz, CSBA, SFO IMMEDIATE PAST PRESIDENT — Charles E. Peterson Jr., MBA, PRSBA, SFO DIRECTORS Michael Johnston Angela Von Essen, MBA, CSBA Marvin Dereef, Jr., SFO Bill Sutter, SFO Susan Harkin John Hutchison, CPA, MBA, SFO EXECUTIVE DIRECTOR — David J. Lewis PUBLICATIONS POLICY The materials published in each issue represent the ideas, beliefs, or opinions of those who write them and are not necessarily the views or policies of the Association of School Business Officials International. Material that appears in School Business Affairs may not be reproduced in any manner without written permission. EDITORIAL ADVISORY COMMITTEE CHAIR — David Bein, SFO VICE CHAIR — Matthew M. Lentz, MPA, RSBA, PRSBA, SFO Karen Starr, Ph.D. Brian Brent, Ph.D., CPA Stan Wisler, PRSBA Paul Bobek, CPA Louis Pepe, MBA, RSBA Leslie Peterson, MBA Cindy Reilmann, CPA, CGFM BOARD LIAISON — Claire Hertz, CSBA, SFO EDITORIAL STAFF PUBLICATIONS DIRECTOR — Siobhán McMahon, CAE EDITOR — Patricia George DESIGN — Laura Carter Carter Publishing Studio www.carterpublishingstudio.com EDITORIAL OFFICES 44790 Maynard Square, Suite 200, Ashburn, VA 20147 Phone: 703.478.0405 Fax: 703.478.0205 Home Page: www.asbointl.org Email: pgeorge@asbointl.org ADVERTISING INFORMATION The YGS Group 3650 W. Market St., York, PA 17404 Phone: 717.430.2351 • Fax: 717.825.2171 Laura Gaenzle laura.gaenzle@theygsgroup.com SUBSCRIPTION RATE S eventy dollars of ASBO members’ annual dues are designated for School Business Affairs subscription. © 2019, ASBO International

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