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SCHOOL BOARD PROBLEMS: The Need for Meaningful Interim Financial Reporting by Milton H. Kuyers School Board members have always been committed to the principle of providing the best possible educational opportunities for their communities with the least expenditure of money. At each Board meeting, the decisions made are aimed at conforming as closely as possible to this principle. Accordingly, consideration is given at each decision-making point to the two facets of this principle: (1) the necessity of determining what the educational program is to be, as well as the guidance thereof; (2) the need to determine and control the costs of such a program. For a number of years, School Board members have felt that most of their responsibility for the finances of the school district has been taken care of by their careful reviewing and approving of the annual budget. Accordingly, financial control and the reporting of operating-results for the period did not become very important to the Board until the last few months of the budget year. The Board members turned their attention at this time to the operating results so that they might exercise whatever control they could to make sure that actual expenditures would not exceed the annual budgeted amounts. In recent years, however, Board members have become more and more concerned with operating results throughout the year. This concern has arisen primarily because of the steadily rising cost of education, which is passed 26 THE QUARTERLY
Object Description
Title |
School board problems: The need for meaningful Interim financial reporting |
Author |
Kuyers, Milton |
Subject |
Schools -- Accounting Financial statements, Interim |
Personal Name |
Kuyers, Milton |
Portrait |
Kuyers, Milton |
Office/Department |
Touche, Ross, Bailey & Smart. Milwaukee Office |
Citation |
Quarterly, Vol. 11, no. 3 (1965, September), p. 26-30 |
Date-Issued | 1965 |
Source | Originally published by: Touche, Ross, Bailey & Smart |
Rights | Copyright and permission to republish held by: Deloitte |
Type | Text |
Format | PDF image with OCR under text, scanned at 400dpi |
Collection | Deloitte Digital Collection |
Digital Publisher | University of Mississippi. Digital Accounting Collection |
Date-Digitally Created | 2009 |
Language | eng |
Identifier | Quarterly_1965_September-p26-30 |