Avoiding the Hidden Rocks at Low Tide: Three Policy Considerations for Cash Flow Solvency

California Schools Magazine (Quarterly Publication of the California School Boards Association), Fall 2012
Imagine for a moment that you can’t breathe for want of oxygen. This is what an organization faces when it lacks adequate cash to meet payroll and other obligations. Accrual accounting and budgets have their place, but cash flow is the ultimate reality for any organization, including school districts. Cash is oxygen…

Read the full article