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Funding Allocation and Accountability

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Funding Allocation and Accountability
Rena Godfrey
Capella University
ED7822 Funding of Educational Institutions

Quarter & Year: Winter 2013
Email: renag1934@gmail.com
Instructor: Lee Moore, Ed.D.

Funding Education and Accountability Financial reporting ensures that school district budgetary and financial information are available, comparable and audited, and that school districts are meeting their legislated and government policy based financial responsibilities.
Background of Emergency Financial Manager
An interview was not conducted with the school business manager of Detroit Public Schools. Therefore, I researched the school district plan to demonstrate accountability (Detroit Public Schools, 2011). Roy S. Roberts was appointed by Governor Rick Snyder of Michigan in May 2011. Mr. Roberts, former Managing Director at Reliant Equity Investors, has decades of managerial, financial and organizational experience, having served as the highest ranking African American executive in the United States automobile industry as Group Vice President for North American Vehicle Sales, Service and Marketing of General Motors Corporation (GMC). He served as Vice President and General Manager of the Pontiac-GMC Division, presiding over the merger of Pontiac-GMC, which was the first at GM to lead such a merger. Prior to his 23 year career with General Motors, Mr. Roberts spent 17 years with the Aerospace division of Lear Siegler Corporation. Mr. Roberts earned a degree in Business Administration from Western Michigan University and completed the Executive Development Program at Harvard Business School and the General Motors Advanced International General Management Program in Switzerland.
District Demonstrates Accountability of its Funds
State and federal statutes require that the District issue annual financial reports and such reports be audited by an

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