The purpose of this study was to identify financial management strategies that school business officials have found most successful in achieving school district financial stability. To accomplish, 208 Illinois school business officials in six counties: Cook, DuPage, Kane, Lake, McHenry, and Will counties, excluding Chicago School District 299, were asked to complete a qualitative online survey. One hundred and thirty-five completed responses were received, which resulted in a 65% response rate. In addition, three survey participants, who had lead their school districts from financial difficulty to solvency, were interviewed to further probe survey responses. The study identified 122 financial management strategies that school business officials should consider to maintain financial solvency in school districts. Those mentioned most often included communicating effectively with stakeholders and updating financial projections regularly.
Full Text of manuscript attached in PDF below. Full text of complete journal attached in PDF on the main IJELP page.
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