TO: Superintendents and Business Managers
FROM: Heather Bouchey, Acting Secretary, Agency of Education
Emily Byrne, Chief Financial Officer
SUBJECT: SSDDMS Legislative Update
DATE: July 20, 2018
The AOE is providing this memo to give an update on Vermont School Finance legislation. One of the goals of the Legislature this year was to promote greater equity across Vermont school districts by providing a mechanism for all SUs/SDs to have access to a high quality financial management system. A statewide financial system will give schools the tools to ensure the production of high quality, consistent, and comparable school finance and personnel data, a critical prerequisite for data-driven decision making that may be used to promote equity-driven policy.
The first part of this initiative, of which many of you are already aware, is the legislative requirement for all Vermont School Districts, Supervisory Unions, and Supervisory Districts to conform to the Vermont Uniform Chart of Accounts (UCOA) by July 1, 2019 in time for fiscal year 2020 as outlined in 2014 Acts and Resolves No. 179, Secs. E.500.1-E.500.3 as amended by 2015 Acts and Resolves No. 58, Sec. E.500.1.