ASBO New York Partner Frontline (Forecast5) Presents Monthly Data & Analytics Tip

With the school year quickly coming to a close, districts are looking to see how they will end the year, whether that be in a surplus or deficit situation. June is typically one of the highest appropriations months for districts. So, there is value in being able to assess then communicate out year-end results with confidence. This is beneficial from both a planning and compliance perspective. Data such as Year-to-Date (YTD) measures and annual comparisons found in our Budget Management tool allow districts to answer important questions like:

• Where were we at this time of year last year?
• What can we anticipate in the last month of fiscal activity?
• Are there any opportunities to set excess funds in reserves?

By including these types of analysis in your end-of-year process, it enables you to have data-backed
conversations with your community.