Baltimore edfintech startup Allovue partnered with a national nonprofit on a new tool designed to help public school officials report finances as required by a federal mandate taking effect this fall.
With the start of the 2018-19 school year, the U.S. government is requiring more detailed financial reporting of expenditures at the school level. The transparency-minded change comes under the Every Student Succeeds Act, which will require reporting of actual per-pupil expenditures by school, where it previously required average spending.
To help the school districts attribute expenditures in a manner that complies with the law, Remington-based Allovue and Education Resource Strategies(ERS) created ACES, short for Attribute Central Expenditures to Schools.
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