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FAQ | Tuesday, February 07, 2012 |
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Uniform
Chart of Accounts (UCOA)
New Financial System Provides Unprecedented Data on School Spending
RIDEs Uniform Chart of Accounts Enables Comparisons Across Schools, Districts
A new system of financial reporting now in place will give Rhode Islanders an unprecedented amount of information about how schools, districts, and the state spend tax dollars on education. For the first time, school leaders, teachers, parents, legislators, and other education stakeholders can compare financial data across school districts in a reliable, consistent manner. ย The Uniform Chart of Accounts (UCOA), which the R.I. Department of Education (RIDE) developed in partnership with the Auditor General and all school districts in the state, is a system of numbers and a method of accounting that provides transparency, uniformity, accountability, and comparability of financial information for all schools and districts.
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