Whitman Elementary - Tulsa Public Schools

2011–2012 Balanced Scorecard
Finance Department
Chief Financial Officer: Trish Williams
STRATEGIC OBJECTIVE: Adopt a District-wide accountability system to ensure the success
of all schools with progress reporting/sharing via data walls, data dashboards, etc.
DEPT. GOAL: Implement a comprehensive financial system, examine TPS
practices, and adopt and communicate best practices throughout the district.
Results Actual Target
% school allocations completed within 2 weeks of final forecast
% campuses who spend 40% of unrestricted funds by Dec. 1
% campuses who spend 80% of unrestricted funds by March 1
% campuses/departments attending an annual Finance training
% unrestricted fund dollars swept from campuses (as a % of total
unrestricted funds allocated)
% bond fund dollars swept from campuses (as a % of total bond
funds allocated)
Meets or exceeds target Does not meet target by 20% Does not meet target by more than 20%
Core Goal: Financial Stability
STRATEGIC OBJECTIVE: Be prudent stewards of District resources through rigorous
planning and budgeting, and build further resources by enhancing public and private
support for public education.
DEPT. GOAL: Provide timely and accurate implementation and administration of
annual district budgets.
Results Actual Target
Actual to budget (by fund – expenditures and revenue)
# budget amendments per year
Annual value of negotiated contract savings/ additional services
% over/under department operating budget (all funds)
Meets or exceeds target Does not meet target by 20% Does not meet target by more than 20%
STRATEGIC OBJECTIVE: Effectively manage fiscal resources in compliance with internal and
external accountability requirements and deliver the highest quality financial services to
all stakeholders.
DEPT. GOAL: Benchmark financial performance against industry standards.
Results Actual Target
District administrative costs compared to OK statute requirements
Avg. # days to process a vendor payment (receipt to payment)
Fund Balance – General fund as a % of general fund revenue
% of invoices paid > 60 days from invoice date
Instructional expenditure level as a % of total general fund
expenditures.
Meets or exceeds target Does not meet target by 20% Does not meet target by more than 20%
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