Construction Basics and Accounting

The November 2024 election resulted in the passage of numerous local bonds. And, for the first time since 2016, voters approved a statewide facilities bond, Proposition 2, which brings much-needed funding for new construction and modernization projects. In addition, Proposition 2 brings major changes to the School Facility Program (SFP), through which state bond dollars are awarded to local educational agencies, and the return of the Unfunded List and priority funding procedures. It is critical that school agencies understand the basics of school construction and funding, as well as the SFP requirements, before they embark on the facilities projects these and other funding sources make possible.

Facilities projects require the establishment and/or support of existing facilities and facilities-specific fiscal processes. This webinar will provide an overview of the timelines and approvals necessary for the construction and/or modernization of a school facility, as well as step-by-step details on the basics of school construction accounting and overall program and project management. In addition, discussions are underway at the State Allocation Board regarding updated regulations given the changes Proposition 2 has brought to the SFP. As such, the webinar will offer school agencies updates on the latest happenings in the State Capitol as it relates to facilities funding.

If you are new to school construction, new to the responsibilities of school construction accounting, or if your district passed a bond, plans to issue a new bond series, or anticipates receiving state funding for school facilities, the basics are important to get started on the right foot. A clear understanding of the process is key to a successful facilities program and projects.

Who Should Attend?

This webinar can be of benefit to employees new to the construction of school facilities—including accounting staff and facilities and fiscal managers—as well as those who may need a refresher on the many aspects of school construction from start to finish especially given the changes to come.

Cancellation Policy