Are You Ready for GASB 96, 94, 100 and 101?

Are You Ready for GASB 96, 94, 100 and 101?

It’s a big year for new and updated GASB standards, which translates into new and updated reporting requirements for government entities, including public school districts and institutions of higher education.

GASB96 took effect for fiscal years beginning after June 15, 2022, so it will start to be reflected in financial statements with a June 30, 2023 year-end and all reporting periods thereafter. Similar to GASB 87 governing leases, GASB96 sets standards for how government entities – including school districts and higher education institutions – account for and disclose costs and investments for subscription-based information technology arrangements (SBITAs) that are longer than 12 months.

Similar to what is required for leases under GASB87, all SBITAs that may be covered under GASB96 must be identified; required information must be collected and documented, and various costs must be accounted for during the implementation and subscription periods. (For more details, see RBT CPAs’ article, GASB 96 Kicks Off in 2023: What to Know & Do.)

GASB 94 took effect for fiscal years beginning after June 15, 2022, so it will start to be reflected in financial statements with a June 30, 2023 year-end and all reporting periods thereafter. It applies to Public-Private and Public-Public Partnerships (PPP) and Availability Payment Arrangements. GASB94 defines PPP as an arrangement where a government (the transferor) contracts with an operator for public services by giving the right to operate or use a non-financial asset (i.e., infrastructure) for a period in an exchange or exchange-like transaction. The transferor can approve and change which services the operator provides, to whom and related prices. The transferor is also entitled to residual interest in the service utility of the PPP asset at the end of the arrangement.

GASB 100 amends GASB62. It is effective for accounting changes and error corrections made in fiscal years beginning after June 15, 2023. Accounting changes are defined as changes in accounting principles, estimates, and/or changes or within the financial reporting entity. Implementation of corrections/changes must be identified as prospective or retrospective and prior period financial statements must be restated, displaying the aggregate amount of adjustments to and restatements of beginning net position, fund balance, or fund net position. Financial reporting entity changes should be reported by adjusting current period beginning balances. Estimated changes should be recognized in the current period and reported prospectively. Financial statements should note the organization adopted GASB 100 provisions as well as the date of adoption; note disclosures detailing changes, errors, impacts on starting balances; and highlight why new methods are preferable.

GASB 101 (Compensated Absences) replaces GASB16 (Accounting for Compensated Absences) to reflect paid time off practices (including vacation and sick time) in a workplace. Enhancements to compensated absence recognition, measurement, and reporting requirements take effect fiscal years starting December 15, 2023.

That’s a lot of GASB to take in. For more details, see RBT CPAs’ article, What to Know About GASB Changes Taking Effect in 2023. Even better, if you need clarifications or answers to questions, please don’t hesitate to reach out to your RBT CPAs contact.

How Your School Can Use Federal Funds to Go Green

How Your School Can Use Federal Funds to Go Green

Thanks to the Inflation Reduction Act (IRA), there is more federal funding available – in the form of grants and tax credits – to help schools go green and save. Is your district making the most of this opportunity?

IRA funding is meant to help schools create healthy, sustainable learning environments by providing tax credits for clean energy and transportation, plus support for energy efficiency initiatives. Here’s a sampling of what’s available…

  • Tax credits or direct payment to reduce installation costs for renewable energy sources like solar panels, geothermal heat pumps, and energy storage systems. Receive 6% to 30% of eligible costs, plus an additional 10% for meeting certain criteria.
  • Funding for energy produced from renewable sources like solar panels, geothermal heat pumps, and energy storage systems. Receive 1.5 cents per kWh produced plus 10% for meeting certain criteria.
  • Tax credits or direct payment for the purchase of clean light- and heavy-duty electric vehicles (including buses). Depending on type of vehicle and weight, receive up to 30% of the price or incremental cost for a comparable vehicle, whichever is less.
  • Tax credit for alternative fuel refueling property, including charging stations for electric school buses. (Low income and rural schools may be able to receive direct pay.)
  • Reduce energy-saving project costs by passing on deductions – equal to $.50 to $5 a square foot – to eligible contractors and other entities who agree to reduce fees by the amount of the deductions. Use this for interior lighting design; heating, cooling, ventilation, and hot water systems; and building envelop design or retrofit that increase energy efficiency by 25%.
  • Access no- or low-interest loans to deploy low- and zero-emission technologies via the Greenhouse Gas Reduction Fund.
  • Competitive grants can help replace eligible vehicles with zero-emission vehicles, including electric school buses; monitor and reduce greenhouse gas emissions and other pollutants at schools in low-income and disadvantaged communities; invest in community-led projects in disadvantaged communities to address disproportionate environmental and public health harms from pollution and climate change; support neighborhood equity, safety, and affordable transportation access.
  • Partner with eligible recipients to receive funds to increase the number of trees on school property.

For complete details, download the “K12 Education and Climate Provisions in the Inflation Reduction Act Guide” created by the Aspen Institute’s “This Is Planet Ed” and the World Resources Institute’s “Electric School Bus Initiative”.  (Natalia Akopian, Michelle Faggert, and Laura Schifter. (2022). “K12 Education and Climate Provisions in the Inflation Reduction Act” The Aspen Institute: Washington, DC. school-climate-provisions-in-the-inflation-reduction-act.)

The IRA is just one source of green funding for schools – there are others.

For an overview of how to develop a green plan for your district, refer to this seven-step guide from The Henchinger Report. (Kamenetz, Anya. “There’s a lot of new money for greening education. This is how schools could use it.” December 20, 2022. The Henchinger Report.)

While you focus on taking advantage of this billion-dollar opportunity (literally), please know that RBT CPAs is here to take care of your accounting, tax, and audit needs. We’ve been serving clients in the Hudson Valley and beyond for over 50 years. Give us a call.

Your December Reading List: ESSR Guidance & Resources

Your December Reading List: ESSR Guidance & Resources

While you’re likely looking forward to some time away from talk of budgets, fiscal cliffs, and more this holiday season, we recently came across a few ESSR funding pieces you may want to review. They focus on the latest developments in ESSR spending, and how to overcome planning and implementation challenges. They may also offer some perspectives that you can bring to budget talks and planning in the New Year.

First, on December 7, expanded guidance on ESSR spending was released by the U.S. Department of Education via its Frequently Asked Questions on Elementary and Secondary School Emergency Relief Programs/Governor’s Emergency Education Relief Programs.

As noted in an announcement from the Office of State and Grantee Relations, the expanded guidance includes 27 new FAQs and updates to eight existing FAQs that provide clarity on school construction and HVAC; additional information on liquidations; and “additional options for using ESSER and GEER funds to support mental health services for students and educators (C-14), reduce rates of chronic absenteeism (C-11), and promote workforce stability (D-1 and D-1.a).”

Second, Georgetown University’s McCourt School of Public Policy FutureEd Think Tank article, What Congressional Funding Means for K-12 Schools, (Jordan, Phyllis. December 7, 2022. was updated to include a lot of details about what the expanded guidance allows, doesn’t allow, and more. It also addresses one of the biggest questions that is top of mind: When do funds have to be obligated and spent?

The article notes, “A decision will come ‘at a later date’ on extending deadlines for spending the $54 billion in ESSER funds allotted in the Coronavirus Response and Relief Supplemental Appropriations Act (CRRSA) and the $122 billion in American Rescue Plan (ARP), the guidance states. In the meantime, the department encourages states and districts to spend ‘with urgency on activities that will support students’ academic recovery and mental health needs.’”

Third, McKinsey & Company’s Halftime for the K-12 stimulus: How are districts faring? article shares results from a May-June survey of 260 district decision makers about priorities (i.e., unfinished learning and staffing) and challenges related to the deployment of ESSR funding (Bryant, Jake; Dorn, Emma; Redmond, Wayne; Shelat, Neil; Williams, Claire. November 2, 2022.

It’s worth the read, especially when it comes to a suggested three-step framework to help districts with planning and implementation. As it notes, “Though the window for action is narrowing, there is sufficient time to ensure remaining ESSER funds are strategically allocated toward priorities that will improve student outcomes by addressing immediate learning delays as well as long-standing challenges and opportunity gaps.”

While getting through your reading list, please know that RBT CPAs is here to help with any accounting, tax, audit, or advisory services you may need now or in the new year. To learn more about what RBT CPAs can do for your school district, give us a call.

College Grads Love New York, But Not for Long

College Grads Love New York, But Not for Long

The State University of New York (SUNY) system does an exceptional job attracting students and helping them get started in their careers. What’s concerning is how the story is changing after these graduates’ careers begin to take off.

The Washington Post reports Washington D.C., Colorado and New York have the most impressive brain gains in the nation. Not only do they retain most students graduating from their state university systems, but they also attract the most college graduates from out-of-state. What’s more, New York is ranked 4th in the nation for retaining students who have graduated from its public colleges and universities.

That’s impressive and shows New York’s investment in higher education is reaping a strong return, which is good for students, residents, businesses, and the state. Of course, New York has some key advantages working in its favor:

  • The SUNY system has great schools, with very strong reputations across numerous fields.
  • The state offers some strong incentives to attend a SUNY school, including Excelsior Scholarships which pay 100% of the cost of two- and four-year programs in exchange for an agreement that the student will work in New York after graduation.
  • Giving credence to the saying “It’s not what you know, it’s who you know,” New York college graduates acknowledge it’s helpful to have a local network – either at their school or where they grew up – to tap into when jumpstarting their careers.
  • Plus, there’s no denying, the state offers a wide range of job opportunities in a variety of fields.

However, the situation is starting to change as young professionals’ careers take off. CNBC reports, “A survey conducted by SmartAsset tracked the movement of so-called ‘rich young professionals,’ which it described as anyone under 35 earning an adjusted gross income of at least $100,000. It seems young professionals are most eager to leave New York. With a net outflow of 15,788, this state had the highest number of individuals leaving by a significant margin.”

Where are they going? According to SmartAsset, Texas, Florida, Washington, Colorado, New Jersey, North Carolina, Arizona and Connecticut top the list. (Interestingly enough, Texas and Florida have no state income tax.) reports, “Hiring for early-career professionals in New York flatlined in the spring and has been declining ever since, falling roughly 30% in recent months even as the broader labor market remained robust, according to Kory Kantenga, a senior economist at LinkedIn.”

The combined effects of an above average cost of living; inflation’s impact on rent, food, utilities, transportation and more; and an increase in crime seems to be mitigating the positive progress New York has made attracting and retaining college students. Whether this is a short-term issue, or a long-term trend remains to be seen. We’ll keep you posted.

In the meantime, if you need any assistance with your accounting, tax, or audit needs, keeps us in mind. We’re RBT CPAs, a leading accounting firm in the Hudson Valley and beyond. We believe we succeed when we help you succeed. Interested in learning more? Give us a call.

What NYS 2022 School District Audit Reports Can Teach Us

What NYS 2022 School District Audit Reports Can Teach Us

During the 2020-2021 school year, New York State audited over 105 school districts for compliance with everything from budgeting and claims auditing to procurement and mental health training (plus a whole lot more). Reports summarizing findings and key recommendations are posted on the Office of the State Comptroller website. Since auditing is part of our DNA (we’re accountants, after all) we figured we’d take a look and summarize findings that may be of interest to you.

We reviewed all the 2022 result reports posted as of September 8 of this year. Of the districts audited, less than ten met all prescribed requirements; the balance received key recommendations on how to improve services, processes, and more going forward. More than a few audits uncovered potential savings opportunities ranging from several hundred dollars to several hundred thousand dollars. One even resulted in an arrest for misappropriation of funds!

Below you’ll find highlights of findings for the five areas audited most frequently. Perhaps you’ll come across a few items to help your district save time and money.

Mental Health Training Under the New York Students Against Violence in Education (SAVE) Act

Out of the 20 districts audited, two provided all 12 recommended components of mental health training for all staff by September 15, 2020, as required by law. The audit results, which made headline news, noted whether all 12 training components were made available to all staff; whether the district tracked attendance; and whether training was completed by the September 15 deadline.

Network Access Controls/User Accounts

19 districts were audited. None met all requirements which included regular reviews and updates of network user accounts for necessity and appropriateness; immediately disabling unneeded accounts; having written procedures for managing system access; regularly reviewing and securing access with proper user permissions to the network and financial application; having a password security policy; having a policy clearly stating what is an acceptable use of a district computer, how you monitor compliance and provide training; having clear roles and responsibilities for cybersecurity; having an up-to-date disaster recovery plan that has been shared with all responsible parties; periodically comparing installed software to an authorized software inventory list, and reviewing whether you are at risk for data loss and operational disruption. More sensitive issues were communicated confidentially to school officials.


16 districts were audited. None met all requirements which included ensuring goods and services are always procured in the best interest of taxpayers; seeking competition for professional services in accordance with a written procurement policy; periodically reviewing service provider contracts to determine the need for new RFPs; having a written procurement policy specifying when and how frequently officials should issue RFPs and including detailed guidance for procuring goods and services not subject to competitive bidding or when there is no possible competition; having the Board review the policy annually; saving on things like fuel by using the Office of General Services (OGS) fuel card program or state contract; comparing bills against awarded contract prices to ensure billing is correct and does not include taxes and unnecessary fees; awarding contracts in a manner consistent with New York State General Municipal Law; and fully evaluating and comparing benchmark rates before entering a contract.

Financial Management & Controls

14 districts were audited; none met all requirements, which included having a realistic budget; managing fund balance properly and in accordance with the law; having an adopted budget accurately estimate appropriations to fund options; being transparent about funding reserves; having appropriate workers’ compensation reserves, unemployment insurance reserves, and a retirement contribution reserve fund; not levying more taxes than needed to fund operations; discontinuing unnecessary appropriations of fund balance; using overfunded reserves to benefit district residents; keeping surplus fund balance at or below the 4% statutory limit; creating accurate and reliable financial reports; Finance Committee participation in budgeting and review of reports; consulting legal counsel regarding excess reserve funds, as well as the appropriate remedy for addressing improper funding of and transfer of reserve funds; having a debt reserve and using funds to pay debt as required; having a written reserve policy establishing targeted or optimal funding levels; and having the Board define financial objectives including purpose, funding goals, conditions for fund use and replenishment.

IT Related

12 districts were audited. Interestingly, the four that were audited for compliance with FCC Internet bandwidth and download speed met all requirements. Requirements that were not met include having and testing an IT contingency plan to minimize operational disruptions; having a written policy detailing proper use of fixed IT assets; having procedures to affix tags to assets; tracking inventory and equipment, conducting an annual physical inventory, and removing devices not in service; and having your server room establish physical security and environmental controls.

What about the remaining audits? Four focused on claims auditing; three focused on Extra Classroom Activity Funds; five were on salary, wages, and leave benefits; three were on capital projects; one focused on website transparency and another focused on electronic records and reports; two were on non-resident student tuition; three were on special education services and Medicare reimbursements; and one was conducted for each of the following – electronic records and reports, online banking, safeguarding personal, private and sensitive information on mobile computing devices, property disposal, and transportation department operations. For more details, visit the NYS Comptroller website to review audit reports.

While you’re using audit results to help your district operate more efficiently and effectively, remember, RBT CPAs is here to partner with you on financial audits, accounting, taxes, and more. We’ve been partnering with school districts and institutions of higher education for over 50 years in the Hudson Valley and beyond. Interested in learning more? Give us a call.

Retain Valued Employees: Promote Public Service Loan Forgiveness and Special One-time Waiver

Retain Valued Employees: Promote Public Service Loan Forgiveness and Special One-time Waiver

Are you looking for another way to attract, retain, and engage employees? Remind your employees about the Public Service Loan Forgiveness (PSLF) program, as well as a special waiver only in effect until October 31, 2022 that may credit borrowers for payments that didn’t qualify in the past.

According to a press release issued by the U.S. Department of Education on August 23, “It has approved more than $10 billion in debt relief for over 175,000 borrowers in 10 months through the Public Service Loan Forgiveness (PSLF) program. This follows changes the Department announced in October 2021 that transformed the program by changing certain rules to make it easier for public servants with federal student loans to have their debts canceled.”

About the Program

The Federal Student Aid website explains, “The PSLF Program forgives the remaining balance on your Direct Loans after you have made 120 qualifying monthly payments under a qualifying repayment plan while working full-time for a qualifying employer.” This will likely be a welcome reminder for eligible employees who are looking at resuming student loan payments starting January 1, 2023.

In general, if you are a U.S. federal, state, local or tribal government organization, your employees may be eligible. (Employees of certain non-profit organizations may also be eligible.) Eligible interested employees can use the PSLF Help Tool to certify employment each year; apply for forgiveness after meeting all requirements; and generate the required form for submission.  Complete details are available on the Federal Student Aid website and on the FedLoan Servicing website.

About the Limited Time Special Waiver: Deadline October 31, 2022

The PSLF waiver provides a limited-time opportunity for expanded loan forgiveness. Past payments may now be considered for PSLF, even if they wouldn’t normally qualify. With the waiver, employees may increase total number of qualifying payments; include periods of employment not previously counted due to loan type or repayment history, and seek forgiveness on older loans by consolidating them into Direct Loans. Full details are available here.

Promoting the Program & Waiver

If your employees haven’t heard about this special perk of being a public service employee since their initial onboarding or orientation or just never took advantage of PSLF, now is the perfect time to remind them – especially given the tight labor market and competition for talent (not to mention the October 31 special waiver deadline). Consider sending a reminder email, doing a desk-drop, or holding a lunch and learn to review key details, answer questions, and encourage employees to take advantage of this valuable perk.  The Department of Education developed a toolkit containing sample promotional language and pieces.

While focusing on promoting this perk, if you should need any accounting, tax, or auditing assistance, RBT CPAs is available to help. We’re a leading accounting firm in the Hudson Valley and beyond, with extensive experience serving government organizations and municipalities. Visit our website or give us a call today.

Preparing Your District for School Meal Program Changes

Preparing Your District for School Meal Program Changes

On June 25, 2022, President Biden signed the Keep Kids Fed Act to fund summer food programs through September 30 and the Universal School Meals Program through June 30, 2023. However, there are a few changes districts, parents and students need to know going into the 2022-2023 school year.

First, a little background… The Universal School Meals Program was a temporary measure adopted during the COVID pandemic to ensure all school-aged children would have access to a free breakfast and lunch. Food services requirements like having to serve meals in congregate settings, parents having to meet certain income for free and reduced cost programs, and what could be served were waived given the impact of COVID and supply chain issues.

Now that the worst of the pandemic has passed, the Keep Kids Fed Act extends some flexibilities offered through the Universal School Meals Program and ends others for the 2022-2023 school year. Here’s what’s happening:

  • For the first 30 operating days of the 2022-2023 school year, a student’s eligibility for free meals is determined by the preceding year’s eligibility, unless eligibility determination for the current school year occurs first – then that takes precedence.
  • Free and discounted meals will only be available to a student whose family meets income eligibility guidelines and completes the required application. (The only exception is if your school uses the “Community Eligibility Provision” – in this case, meals will be free to all).
  • To help offset cost increases for food and operations, the reimbursement rate is changing. Schools will receive 40 cents more for each lunch and 15 cents more for each breakfast served, along with an annual inflation adjustment. However, according to ABC 7 Eyewitness News, this will still amount to less than the reimbursements provided during COVID.

In addition, the USDA granted certain waivers by state that apply if meal service is interrupted by the pandemic again. Click here to view waivers for each state, including New York.

If your district hasn’t already started getting everything set to comply with the new law, now is the time. Numerous districts have already started communicating with families via email to let them know schools are returning to meal program guidelines and processes used pre-Covid:

  1. Unless a child is approved for the reduced price or free meal program, he/she will be responsible for paying the full cost of in-school meals. Due to inflation, those who do pay the full price for lunch will likely be paying higher prices than those in effect before the pandemic.
  2. If your district requires families to set up and fund an account to pay for meals at school, you’ll need to provide instructions on what to do and how. This will be especially important for families whose child(ren) entered the school system in 2020 or 2021, as they may not have any experience with the process.
  3. Children in families with income under certain limits may be eligible for free or reduced cost meals. Families must complete and submit an application to be approved for this program through the 2022-2023 school year. Consider sending information to families, providing details about the application process (i.e., how to apply and when) and letting them know the school will communicate the outcome (whether they are approved for reduced price, free, or full-price meals). Note: If a family receives TANF and/or SNAP benefits, they can submit a certification letter from the Local Department of Social Services or complete an application by simply providing case number, children’s names, and an adult signature.

At the same time, all the behind-the-scenes work needs to take place to ensure your school breakfast and lunch programs are ready to be up and running the first day of school. This includes School Food Authorities completing their Annual Renewal prior to the start of the school year.

This may not be the end of the free breakfast and lunch discussion. Several states have opted to continue the program and others are putting it on the ballet. New York isn’t there yet, but you never know.

For more details about eligibility, applications, and more, visit the New York State Education Department Child Nutrition Knowledge Center and check out the USDA FAQs.

If you need accounting, tax, or auditing assistance related to your district’s meal program, or any school finances for that matter, contact RBT CPAs. We’ve been helping school districts in the Hudson Valley and beyond for over 50 years with their accounting, taxes, and audits so their leaders are freed up to focus on their biggest priority: educating children.

More Tech Can Mean More Threats: Keeping Schools Secure

More Tech Can Mean More Threats: Keeping Schools Secure

The pandemic shed light on what many Americans already knew: internet access is a necessity for everyday life. The Digital Divide was perhaps the most pronounced within the country’s outdated education infrastructure. Digital learning proved particularly challenging for rural and lower-income neighborhoods as well as in communities of color.

To get students everywhere up to speed with internet access at the height of the pandemic, communities scrambled to allocate funds to pay for laptops, tablets, modems, Wi-Fi hotspots, routers, and other broadband devices. To date, New York State has been granted billions in general aid for elementary and secondary education administered by the State Education Department to support pandemic preparedness and response efforts, including maintaining operations, staff training and educational technology, and addressing learning loss related to the pandemic. Of the $14 billion in anticipated resources, $2 billion was spent from 2021-22, and the balance is expected to be spent in subsequent years through 2025.

Now as we head into the upcoming academic year, what happens with all the new technology school systems have invested in over the past few years?

Technology adopted out of necessity during statewide shutdowns is largely here to stay. According to two years’ worth of EdWeek Research Center Data, video conferencing tools remain in high demand even as the nation’s schools are largely back to full-time in-person instruction. Applications include parent-teacher conferences, guest-speaker programs, school board meetings, teacher professional development, telemedicine appointments, online tutoring programs, and full-time remote learning options that districts have created in record numbers. This becomes particularly important with a projected 20 percent of K-12 central-office employees expected to work remotely or both remotely and in person. Educators and administrators are also reportedly continuing to invest in social-emotional learning tools and digital math tools.

Of course, with new technology comes additional heightened security risks. In its annual State of K–12 Cybersecurity Year in Review report released early this year, national nonprofit K–12 Security Information Exchange revealed that ransomware has become the most common type of publicly disclosed cyber incident at U.S. schools. According to the Federal Bureau of Investigation (FBI) and the Department of Defense’s Defense Technical Information Center, some of the most common types of digital threats include:

  • Data Breaches: Leaks of sensitive, protected, or confidential data from a secure to an insecure environment that are then copied, transmitted, viewed, stolen, or used in an unauthorized manner.
  • Denial of Service: When a server is deliberately overloaded with requests such that the Website shuts down.
  • Spoofing/Phishing: Both spoofing and phishing involve the use of fake electronic documents.
  • Malware/Scareware: Malware is illicit software that damages or disables computers or computer systems. Like malware is scareware, which is malware that uses social engineering to cause fear or anxiety so that a user buys unwanted and unneeded software, such as antivirus software
  • Ransomware: A form of malware in which perpetrators encrypt users’ files, then demand the payment of a ransom—typically in virtual currency such as Bitcoin—for the users to regain access to their data. Ransomware can also include an element of extortion, in which the perpetrator threatens to publish data or images if the victim does not pay.

The U.S. Department of Education’s Office of Safe and Supportive Schools administered the REMS TA Center to help issue guidance to help schools stay protected from cyber threats that are inevitable with the integration of modern and emerging technologies. There are a lot of useful resources here but we will summarize some of the most effective ways to keep your school protected.

Preparing for Threats

Schools and school districts can take a variety of actions to prevent, protect from, mitigate the effects of, respond to, and recover from cyber threats. These can be conducted before, during, and after an incident. To protect networks and systems as part of an overall preparedness program, schools and school districts can do the following:

Develop and promote policies: Before students, teachers, or staff access the school’s or school district’s networks and systems, they should be aware of any policies, rules, or laws regarding their use. IT staff should also be aware of local, state, and Federal regulations regarding information security and privacy.

Proper Data Storage: Store data securely to ensure that the whole school community’s data are kept private and to comply with the Family Educational Rights and Privacy Act (FERPA). Ease of access to and use of cloud-based software makes this issue particularly important, as this technology allows teachers and staff members to easily store and share students’ personal information.

Have a Back-Up Plan: Schools and school districts also need to regularly back up their data in case of accidental or deliberate corruption or destruction of data. Create firewalls and an approved list of individuals who have access to the school’s or school district’s networks and systems. The list should be regularly reviewed to ensure that only those individuals who have permission to access the systems can do so.

With more emerging tech being integrated into schools every year, it’s more important than ever before to monitor networks continually to assess the risk from cyber threats. As always, your partners at RBT CPAs are available to help you chart your financial course so you can maximize funding opportunities and navigate the financial planning that comes with newly adopted technology. Find out how – contact us today.