The Hidden but Overwhelming Costs of the Title I Paper Trail

Wednesday February 22, 2017
2:45 - 3:15 PM
Exhibit Stage 101

As more districts adopt student based budgeting and other forms of policy that decentralize more of the procurement process, the volume of transactions utilizing Title I funding is bound to grow, resulting in more purchases for smaller dollar amounts. Small dollar value transactions consume an inordinate amount of time and costs associated with creating and processing individual requisitions and purchase orders. Independent research estimates an average man-hour cost of $97 each time a requisition and purchase order is processed. In addition, these transactions are most susceptible to fraud and audit challenges. This session, led by ClassWallet Founder & CEO Jamie Rosenberg will explore the cost of the paper trail, and how (1) better accounting of Title I transactions can be achieved with less (or dare we say, no) paper, and (2) how efficiencies can free resources to be re-allocated toward outputs that have a more direct impact on student outcomes.

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Presenters
type:
theme:
leadership
audience:
296
topics:
fiscal issues