Two statements issued by the Governmental Accounting Standards Board (GASB)—Statement 103 and Statement 104—have become effective for fiscal years beginning after June 15, 2025. Here’s what school districts need to know about the updated financial reporting requirements under these two statements. GASB 103: Financial Reporting Model Improvements The purpose of

Last updated on February 17th, 2026On January 13, Governor Hochul delivered the annual State of the State Address from Albany, emphasizing the priorities of affordability, safety, and expanded opportunities for New Yorkers. Included in the governor’s proposal are several initiatives related to education, with a focus on affordable child care

Last updated on January 12th, 2026Like all other organizations, school districts require a strong system of internal controls to protect their financial operations. Internal financial controls help to safeguard a district’s assets, preventing abuse, waste, and corruption. This article highlights the financial areas for which school districts should establish internal

With the October 15th deadline for external audits behind us, it’s time for school districts to start thinking about internal audits. This article provides a broad overview of internal audits and their role within school districts. As of 2006, all school districts and BOCES in New York State are required

The New York State budget for 2025-2026, passed in May, includes several education initiatives aimed at expanding access to educational opportunities for New York residents. Among these initiatives is the SUNY and CUNY “Reconnect” program, which launched with the start of the Fall 2025 semester. The State has allocated $47

It’s that time of year again—school has started back up in New York. And with the new school year comes new state mandates, including a major policy change—no more smartphones in schools. Beginning with the 2025-2026 school year, all New York public schools are required to implement distraction-free school policies.

Last updated on September 5th, 2025Managing a school district comes with a range of financial responsibilities—and having the right knowledge and tools at your disposal makes all the difference. To help local municipal and school district leaders stay on top of budgeting, cash flow, and long-term planning, the Office of

Last updated on August 4th, 2025The recently passed budget reconciliation bill, entitled the One Big Beautiful Bill Act (OBBBA), implements several new tax and spending policies and extends many policies previously set to expire. The OBBBA contains hundreds of provisions applying to individuals, businesses, and federal programs. Policies affected range