| Do You Have In$ite? |
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In$ite® is a powerful Financial Analysis tool that provides consistent, comparable,
and understandable Decision-Quality Data on a Per-School and Per-Pupil basis.
In$ite – The Finance Analysis Model for Education® is the right choice for school
officials who need concise and easy-to-understand information on school district expenditures.
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| In$ite reduces a complex multi-million dollar
budget to an understandable format. |
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Competing regulatory reports are not easily understood by administrators,
teachers and parents untrained in accounting or finance. Clear, understandable Decision-Quality Data makes
policy and practice decisions easier to explain to all of a school district's stakeholders. Regulatory
reporting and fund accounting place a great emphasis in tracking expenditures according to "who
controls" dollars, not "who benefits" from dollars. As a consequence, many
annual expenditure reports for Districts look as if a significant percentage of resources are spent at
the central office.
The In$ite allocations tools allows school districts to allocate expenditures controlled
by the central office to the schools that really benefit from those expenditures. |
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| In$ite presents consistent and comparable information
on who benefited. Costs are determined per pupil in each School. |
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How does In$ite do this? In$ite's patented technology allocates
and segregates costs to the School level. No matter how costs were originally recorded, School-to-School
comparisons and Per-Pupil costs are accurately calculated.
In$ite reformats financial accounting data into easily understood management reports. With Decision-Quality
Data, District leadership can easily answer questions like, "How were dollars spent at each school
this year for teaching and learning and were these amounts appropriate?" |
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| The basic concept is to provide a single source of financial
facts that can be used to support any number of analyses desired by policymakers. |
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In$ite can be used to identify low cost, high performing schools as a means to
find concentrated sources of best practices. Using In$ite's finance data with student assessment
data can determine the Cost/Benefit or ROI (Return on Investment) for various programs and
policies.
Recognized for "school site financial reporting prowess" by the National Center for
Education Statistics (NCES), In$ite was developed by the international accounting firm, Coopers and Lybrand
(now PricewaterhouseCoopers).
In$ite – Dollar$ and Sense
To learn more about In$ite, contact EDmin at (800) 748-6696 or email to insite@edmin.com. |
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