Sunday, May 12, 2019
Financing Education Equitably & Sources of Revenue Essay
Financing Education Equitably & Sources of Revenue - Essay recitationBut are these cash enough to cater for the rising population? The issue of funds parceling in the education system has over the years been debatable. 1. In the modern century, several propensitys have follow up which detects the mode of allocation and use of the funds. In general the trends are developed to determine the schoolhouse district wealth. One of the most used methods is the determining of the states current operating expenditure per pupil (COEPP). The measurement covers expenditure on computer programme materials and teachers salaries. It is also inclusive of institution and students transportation charges. Generally, it detects the difference in expenditure costs per children in different regions of the country. This trend however provides a good field to fraud the government. According to Brimley & Rulon (2008) the trend can be good fraud by increasing the totals in the expenditures which will provide unnecessary inequality. Another trend is the presumption of activities and projects to be undertaken by a school at the start of every educational year. These assumptions are obtained from the regional school calendar. The calendar contains all the possible events of the year and their financial estimates. Apart from the activities there is also the tendency of possible curriculum changes. The teachers funds are also included in the estimates. The estimates and assumptions are close to faultless which provides less probability for great deficits. After the allocation of these funds the regional schools are provided with surplus property which will cover small adjustments in the course of the year. With these allocations, there is prior planning and management of these funds and school projects. However, if in the course of the year there are major adjustments it could be difficult for regions to face the issues. Another shortcoming is that schools may be forced to stic k to a particular program and curriculum thus preventing elasticity (Brimley & Rulon, 2008). 2 a. Equity This is the financial benefits of investors after all liabilities have been accounted for. In educational matters if refers to the benefits the students will have from allocation of funds. Generally, it can be referred to the value of an institution or organizations assets after all debts and liabilities have been cleared. b. Regressive levy This is a tax whereby the taxation rate reduces age the amount vitrine to taxation increases. c. Proportional tax This is tax whereby the tax rate remained fixed. The amount subject to taxation is directly proportional to the amount of the tax. d. Progressive tax this is a tax imposed whereby the tax rate increases while the amount subject to taxation also increases. e. Tennessee Basic Education Program (BEP) this is a money generating and funding program whereby state education funds are generated and distributed to Tennessee schools. f. ADA It is the acronym of Average casual Attendance. The average student attendance helps in the determining of allocation of funds. ADA is calculated by the twist of years of school attendance by a student divided by the number of the days teachers taught in the school (Brimley & Rulon, 2008). For example, if Isaac attended 142 days of the total 142 of teaching days, he has a 1.0 ADA. g. ADM it the acronym of Average periodical Membership. This is the count of residential and state based
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