Money Saving Tips

Saving is a mind set.Or

Frugal with a hint of cheap!

What do we spend the most

on?

Personnel

Staff Savings

• Control FTE’s• Student teacher

ratios• Sub-costs• Quarter hour

scheduling• Outsourcing• Benefits (shop

around)

Workers Compensation

• Are you proactive?– Training – Reporting– Light duty policy– What is your number 1

injury?– What’s 2nd?– What have you done about

it?– Does you provider

investigate?

Grants

• Matches– In-kind

• Sustainablility– What happens when it

ends?

• Indirect costs• Cash flow• Does this mesh with

our mission ?

Donations

• Beware!!!• Costs to install• Look at all costs

involved• Sometimes junk

– Old computers

– Equipment

Cash Management

• Investments• Bond refinancing• Bad checks• On-line payment

systems• Bank fees• Timing of payments

– Discounts– Number of A/P runs

Day to Day Operations

Get Everyone Involved !

• Ask everyone for ideas– Use employee

newsletters

– Use students

• Look at each budget area– Look for large

expenditures

Awareness Education

• How often do you present to staff ?

• Do they know the goals?

• What if everyone saved $1 per day?

• Don’t forget they are competitive souls

Textbooks How much $ do you have in textbooks?

– Inventory system

– Repair them

– CD’s

– Skip an adoption

– Buy used or 1 year back

– Sell old ones

– Ask if they use them

– Classroom sets

– Free stuff

– Price

– Shipping

– WWW.k12textbook.com

Purchasing

• Credit cards with rebates

• Purchasing groups• With neighbors• Volume discounts• With-in district

– Do we already have it somewhere?

Transportation

• Routing software• Buy/sell used busses• Field trips

– Charge out – Control the number– Consolidate trips/kids

• Band contests• Athletics• Special Ed• Smaller vehicles

Facilities

• Energy management• Summer school

– Consolidate buildings

• Athletic Camps– 10% for district

• Outside usage– Re-coop costs

True Costs Ma & Pa film clip

True Costs

• Who is estimating the costs?

• Did they include everything

• Don’t forget facilities, staff time, other resources– Saturday School

Cost Allocations

• Postage• Field trips• Supplies• Copiers• Maintenance• Technology

Support• Others ?

Remember !!!

If they don’t

pay for it

or see the cost

it’s just money

from

heaven!

A slightly softer approach

Give them information on

the costs

Example

sub costs

Odds & Ends

• Software library• Shredding• Summer hours• On-line forms• Sell old equipment

– On-line

– auctions

Lemons to lemonade

Ice Storm

To

Mulch

Creative Fundraising

• Pennies• Cartridge/ cell phone

recycling• Duck races• Children’s festivals• The letter• Cow Pie Bingo

More Ideas

• Flocking– Flock insurance

• www.fundraiserhelp.com• Foundations• The classics

– Raffles

– Auctions

– Check your local laws

Others ?

What helps put cash in

your district?

See you in Little Rock!SASBO April 18 – 21st

We are out of here!Kathy Hanlon

khanlon@rogers.k12.ar.us