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Articles: Business & Finance

Schaumburg consolidated School District #54, located in Chicago's northwest suburb, is one of only 18 districts nationwide to receive the highest credit rating by Moody's—the gold star in global credit scores. The elementary district, with 15,000 diverse, middle-income students dispensed across 27 schools, earned this rating for its low debt burden, rapid balance payback, and ample reserves, including a working cash balance of $63 million.

 

Dear reader,

In past issues of TechSavers, we've talked about the many products and services offered by CDI, the education market's leading supplier of certified refurbished computers.

 

It's a salesperson's dream — having customers tell you it would be "almost irresponsible" not to buy your products.

When President Obama first signed the American Recovery and Reinvestment Act of 2009, he took much criticism for spending more money—$787 billion more—when the nation was reeling from decades-old debt, a more than 9 percent unemployment rate and a mortgage crisis. But this measure has allowed public school district leaders to invest in cost-effective, energy-efficient facilities projects faster than they would have if they didn't have the federal funds.

 

Budget constraints make CDI recertified computers a smart choice, but some pinched school districts are looking for easier payment terms, too. Naipaul Sheosankar, CDI's director of nance, makes sure they don't have to look far.

 

As a customer service rep, Trevor Livingstone's job is to fulfill any request from clients

When a client requests something from CDI, it's up to customer service representatives such as Trevor Livingstone to deliver — no questions asked.

 

Leszek Biurkowski thinks CDI is such a good company that he joined it twice.

 

Fred Hastings oversees CDI 's $8 million inventory of recertified computers, but his duties don't stop at the warehouse door. If a school district wants a specific model that's not on hand, he'll send workers out and track the units down.

There are plenty of statistics available for measuring the performance, potential and problems of school districts, from standardized test scores to the number of students eligible for free or reduced-price lunch.

For almost 30 years, thousands of Los Angeles Unified School students in the Mid-Wilshire district have been waking up early to be bused to schools farther away in their district. As of Sept. 13, those students are within walking distance of their new school complex, Robert F. Kennedy Community Schools. The complex cost $578 million, which makes it the most expensive school in LAUSD and perhaps the country. It contains six pilot schools for elementary through high school students at the site of the former Ambassador Hotel.

The newly opened South Warren (Ky.) Middle and High School is is the largest insulated concrete form building in the nation.

The federal approach to school safety is shifting. This shift was first seen at the federal summit on bullying, held August 12, with the announcement of the Safe and Supportive Schools grant, a program under the Successful, Safe and Healthy Students program in the Blueprint for Reform that focuses on the overall environment of a school. Climate surveys are the cornerstone of the grant, as the Department of Education is—for the first time—asking students and families to provide feedback on their school atmosphere.

 

Collective Bargaining

Mark Roosevelt, superintendent of Pittsburgh Public Schools, says the district and its teachers union reached an agreement on a five-year contract that includes new pay elements focused on teacher performance.

In an impoverished corner of Phoenix, just north of Sky Harbor International Airport, the first school district in Arizona to adopt a 200-day calendar is reporting impressive academic improvements after only one year.

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