Financing Education Equitably & Sources of Revenue Essay

Financing Education Equitably & Sources of Revenue - Essay ExampleBut are these funds enough to cater for the rising population? The stretch forth of funds allotment in the education system has over the years been debatable. 1. In the modern century, several trends capture come up which detects the mode of allocation and expenditure of the funds. In general the trends are developed to determine the school district wealth. One of the most used methods is the determining of the states stream operating expenditure per pupil (COEPP). The measurement covers expenditure on curriculum materials and teachers salaries. It is also inclusive of administration and students loony toons charges. Generally, it detects the difference in expenditure costs per children in different regions of the country. This trend however provides a good field to fraud the government. According to Brimley & Rulon (2008) the trend plunder be easily fraud by increasing the totals in the expenditures which will pr ovide unnecessary inequality. Another trend is the assumption of activities and projects to be undertaken by a school at the start of every educational year. These assumptions are obtained from the regional school calendar. The calendar contains all the possible events of the year and their financial estimates. Apart from the activities at that place is also the determination of possible curriculum changes. The teachers funds are also included in the estimates. The estimates and assumptions are close to accu enjoin which provides less probability for peachy deficits. After the allocation of these funds the regional schools are provided with surplus cash which will cover small adjustments in the course of the year. With these allocations, there is prior proviso and management of these funds and school projects. However, if in the course of the year there are major adjustments it could be difficult for regions to tackle the issues. Another shortcoming is that schools whitethorn be forced to stick to a particular program and curriculum thus preventing elasticity (Brimley & Rulon, 2008). 2 a. Equity This is the financial benefits of investors after all liabilities bemuse been accounted for. In educational matters if refers to the benefits the students will have from allocation of funds. Generally, it can be referred to the value of an institution or organizations assets after all debts and liabilities have been cleared. b. Regressive tax This is a tax whereby the taxation rate reduces while the fare subject to taxation increases. c. Proportional tax This is tax whereby the tax rate remained fixed. The amount subject to taxation is directly proportional to the amount of the tax. d. Progressive tax this is a tax imposed whereby the tax rate increases while the amount subject to taxation also increases. e. Tennessee Basic Education Program (BEP) this is a money generating and funding program whereby state education funds are generated and distributed to Tennesse e schools. f. adenosine deaminase It is the acronym of Average Daily Attendance. The average student attendance helps in the determining of allocation of funds. ADA is calculated by the number of days of school attendance by a student divided by the number of the days teachers taught in the school (Brimley & Rulon, 2008). For example, if Isaac attended 142 days of the total 142 of teaching days, he has a 1.0 ADA. g. ADM it the acronym of Average Daily Membership. This is the count of residential and state based