In$ite® Financial Data
District level school expendituresNine years ago and in collaboration with RIDE, the General Assembly established a detailed and informative system of reporting educational expenditures for all school districts. It selected software called the In$ite Financial Analysis Model for Education®, which tracks all expenditures through the local school district to the school sites. “All expenditures” includes expenditures from all financing sources – i.e., federal, state, and foundation grants, general revenue budget, total food service expenditures regardless of revenue source, and debt service if part of the school district’s budget. Per-pupil expendituresAll expenditure dollars on the school and district charts are expressed as a per-pupil figure. The per-pupil figure is based on an actual count of students, based on the Average Daily Membership of the school or district, regardless of whether the students counted participate in a program full-time or for part of the school day. A child, for example, who is enrolled only half-time in a program counts as one pupil, rather than as ½ or 0.5 full-time equivalents. The State of Rhode IslandThe expenditures of the State of Rhode Island are computed by adding every district’s expenditures and dividing by the total “Average Daily Membership” enrollment for the state. Average daily membership (ADM)Average daily membership (ADM) calculates an average of the number of days all students are formally members of a district or school per year.
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