Colorado

Like most districts, your Central Office staff and School Board probably spend significant time thinking about your financial outlook. We are excited to offer you a new solution – Analytical Compass – a suite of financial analysis and projection tools that will improve your insights and understanding around both past and future cash flows. It’s not only integrated with PowerPoint to automatically update presentation materials, but can also be integrated with any financial accounting software to develop historic trends, cash flow models, and financial projections.

Analytical Compass – Colorado Suite is built with advanced functionality to model economic drivers specific to Colorado schools. The projection model enables you to meticulously project your core cash flows: local tax levies, Total Program funding, state categorical funding, and salary expenses.

Using the Analytical Compass projection model will build a comprehensive understanding of the implications related to changes in property values, inflation, enrollment, and other key inputs to the school financing formulas. The advanced model walks you through all the necessary assumptions, such as:

CPI and TABOR (as applicable)
Property value measures and millage rates
Base funding (per pupil) with adjustments (COLA, Personnel, Size)
Total Program with adjustments (At-Risk Funding, On-Line Funding, Negative Factor)
State Categorical funding
Salary increases and staff seniority progression
Revenue proration and adjustments for collectability

In addition to the state specific formulas you still leverage other benefits of the product suite, including:

Powerful financial projection tools that enable you to model 10 revenues and 10 expenses most critical to your district
Projection scenarios and comparisons to establish Best Case, Worst Case, Best Guess range of outcomes
Detailed financial liquidity models that forecast monthly cash flows (by fund) based on your actual experience
Historical analysis to communicates key revenues, expenses, and shifts over time
Streamlined data transfers that efficiently import data from your financial accounting software
Linked PowerPoint file that automatically updates over 100 charts and graphs as your work

Crunching historic data can be very time consuming, estimating future revenues can be complicated during economic uncertainty, and the challenge remains to craft an effective presentation that communicates key points. Now you have a better solution – Analytical Compass.

Contact us for a demonstration of Analytical Compass – Colorado Suite to experience its capabilities and ease of use.