Star Tribune Fri, 01 Feb 2008 05:53:42 GMT
School districts finding a new way to save money: Outsource finances
Most of the day-to-day operation of the Brooklyn Center School District hums around its district offices just off Interstate 94. But the bulk of the number-crunching may be happening in Rochester, or in a home office elsewhere in the metro area. Brooklyn Center, Fridley and Columbia Heights are among a handful of smaller districts and charter schools around the state that are outsourcing all or part of their financial management to a private company, School Management Services, based in Rochester. It's a trend that may reflect a shortage of qualified school professionals, as baby boomers retire, said Sue Crockett, executive director of the Minnesota Association of School Business Professionals. And as school finance specialists become more in-demand, they become harder for small districts to attract and retain. "It's hard to attract someone to a smaller district when they can make more money in other districts," she said. "So I think they [School Management] do fill that need."
[[keywords: Schools;Officials;Metro;]]
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