North Dakota School District Financial Accounting and Reporting
1. Discuss the purpose of the NDSDFARM accounting system.
2. Considering the purpose of the NDSDFARM, discuss the reasons why it is important for school districts to adhere to this system?
3. Review the Expenditure Dimensions graphic on page 48. As a school administrator, talk about:
■ The 5 dimensions (Fund, Project, Program, Function, and Object) use the expenditure code guidance in chapter 6 to identify the specific numbered code(s) for each that you believe would apply as a school administrator. Explain the rationale used for EACH selection.
4. Discuss why a building school administrator should be familiar with the expenditure dimensions and budget code processes described? Which expenditure dimensions are school administrators most likely to be involved when identifying appropriate expenditure budget codes?
CITE ONLY FROM North Dakota School District Financial Accounting and Reporting Manual
