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Today's Poll!Educators watching accounting battle
Regulation poses problem for school districts with career centers, like Nichols
Sunday, November 6, 2011
All 11 members of Missouri’s congressional delegation want U.S. Education Secretary Arne Duncan to explain why he won’t waive a federal regulation that requires the nation’s post-secondary schools to use one accounting system when filing annual financial reports.
In a two-page letter dated Thursday, Missouri’s two U.S. senators and nine representatives acknowledged federal regulations since 1997 have required post-secondary education institutions to submit their annual financial statements to the Education Department “prepared on an accrual basis, in accordance with generally accepted accounting principles (GAAP) requirements.”
But many of Missouri’s career centers are part of local school districts, which aren’t part of the post-secondary accounting requirements. The Jefferson City district owns and operates the Nichols Career Center, which also provides classes for both adults and high school students from Helias Catholic High School and a number of other area public school districts.
The lawmakers’ letter noted, “For most schools, many of which are rural, changing an entire school district’s accounting system for one affiliated career center necessitates an expense that many school districts simply cannot afford.”
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Comments
JCLifer 1 year, 6 months ago
The feds, through Race to the Top, are trying to get rid of the area career centers. They want high school to be all about "college prep" where every student is prepared to go to college. That is why graduation standards are being increased to require four years of mathematics. Comm arts, rigorous science. Students can then go to college to learn job skills to get a job.
Follow the money- there is huge lobbiest and special interest money in higher education, and the Obama administration would like nothing more to saddle everry student with massiver federal student loans so they can be forever subject to and dependent on the federal government.
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