North Dakota School District Financial Accounting and Reporting

1. Discuss the purpose of the NDSDFARM accounting system.
2. Considering the purpose of the NDSDFARM, discuss the reasons why it is
important for school districts to adhere to this system?
3. Review the Expenditure Dimensions graphic on page 48. As a school
administrator, talk about:
The 5 dimensions (Fund, Project, Program, Function, and Object) use
the expenditure code guidance in chapter 6 to identify the specific
numbered code(s) for each that you believe would apply as a school
administrator. Explain the rationale used for EACH selection.
4. Discuss why a building school administrator should be familiar with the
expenditure dimensions and budget code processes described? Which
expenditure dimensions are school administrators most likely to be involved
when identifying appropriate expenditure budget codes?


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