The Feasibility of Collecting School-Level Finance Data: An Evaluation of Data from the School-Level Finance Survey (SLFS) School Year 2014–15. Few things are more complicated nor critical than collecting accurate and meaningful data on school finances at the individual school level. It is complicated because of the sheer size of the education system, diversity of spending categories, differing state laws and regulations governing finances, and accounting systems not designed for this task. It is critical because the education system puts high value on equitable and adequate funding for all students. Tracking spending at the individual school level is also a requirement of the recently enacted Every Student Succeeds Act.
This research and development report field-tested a new model for collection of finance data at the school level—the School- Level Finance Survey (SLFS). The pilot SLFS, collected for fiscal year (FY) 14 (school year 2013–14) and FY 15 (school year 2014–15), was designed to evaluate whether the survey is a viable, efficient, and cost-effective method to gather comparable school-level finance data. The results suggest that, regardless of the inherent challenges, it is highly feasible to collect and report on school-level finance data with acceptable accuracy. It also projects improved response rates and the increased availability of complete, accurate, and comparable finance data at the school level as the number of states participating in the SLFS increases and the collection continues to expand.
Citation: Cornman, S.Q., Reynolds, D., Zhou, L., Ampadu, O., D’Antonio, L., Gromos, D., Howell, M., and Wheeler, S. (2019). The Feasibility of Collecting School-Level Finance Data: An Evaluation of Data From the School- Level Finance Survey (SLFS) School Year 2014–15 (NCES 2019-305). U.S. Department of Education. Washington, DC: National Center for Education Statistics.