The Office of the Deputy Mayor for Education (DME) seeks eligible entities to create common financial reporting standards for the non-capital budgets and expenditures of District of Columbia Public Schools and public charter schools. The common financial reporting standards must:
- Include categories for reporting budgets and expenditures for instructional staff, school administrators, instructional supports, educational materials, and non-educational administrative costs
- Permit meaningful and accurate budget and expenditure comparisons, including comparisons of budgets and expenditures for at-risk students, as defined in section 102(2A) of the Uniform Per Student Funding Formula for Public Schools and Public Charter Schools Act of 1998, effective March 26, 1999 (D.C. Law 12-207; D.C. Official Code § 38-2901(2A)), between all public schools and between all local education agencies
- Ensure full and accurate disclosure of administrative costs for each local education agency
- Make it possible to collect comparable data by school campus
The common financial reporting standards must be finalized by May 31, 2021. One one-time grant will be awarded on February 1, 2021 and will not exceed $200,000.