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

As the school year draws to a close, many districts are evaluating their financial position – determining whether they will end the year with a surplus or a deficit. June is typically one of the highest months for appropriations, making it a critical time to assess and communicate year-end financial outcomes with confidence.

A clear understanding of year-end finances is essential for both effective planning, compliance, and starting the next school year off on the right foot. Leveraging tools like the Monthly Board Report in Budget Management Analytics, which provides Year-to-Date (YTD) metrics and year-over-year comparisons, allows districts to answer key questions such as:

• Where did we stand at this point last year?
• Based off history, what financial activity can we anticipate in the final month of the year?
• Are there opportunities to allocate surplus funds to reserves?

Incorporating this type of analysis into your end-of-year financial review helps ensure transparency and supports data-driven conversations with stakeholders, including board members, staff, and the broader community.

Frontline (Forecast5) Resource: Budget Management Analytics (5Cast Plus) For more information, please contact Brett Williams, bwilliams@frontlineed.com, 315.978.6010