N.M. Code R. § 6.63.12.9 - COMPETENCIES
To qualify for receipt of a level 2 license, a person shall comply with the competency requirements enumerated as follows:
A. Legal issues: The school business official
understands and demonstrates the ability to:
(1) identify the state and federal
constitutional rights that apply to individuals within the public education
system;
(2) review and analyze
appropriate statutory and constitutional authority regarding the administration
of public schools;
(3) review and
analyze significant statutory issues relative to financial resource
management.
B. Financial
resource management: School business officials must be able to demonstrate,
understand, and comprehend the principles associated with school finance,
budgeting, financial planning, accounting, auditing, financial reporting, cash
management, investments, debt management and technology for school business
operations.
(1) Principles of school finance:
The school business official understands and demonstrates the ability to apply
all New Mexico state statutes and regulations as they apply to public schools
including but not limited to:
(a) Procurement
Code, Sections
13-1-28 to
13-1-199,
NMSA 1978, as may be amended or reenacted;
(b) New Mexico PED manual of procedures in
its most current form;
(c)
department of finance and administration rules as set forth in Title 2 of the
NMAC, as may be amended, replaced, or otherwise changed; and
(d) New Mexico state auditor rules as set
forth in Title 2 of the NMAC, as may be amended, replaced, or otherwise
changed;
(2) Budgeting
and financial planning: The school business official understands and
demonstrates the ability to:
(a) apply the
legal requirements for budget adoption;
(b) prepare a local budget calendar to meet
the time constraints of budget preparation;
(c) recognize and analyze significant social,
demographic and economic changes which may impact the financial plan of the
district;
(d) recognize and
forecast the major sources of revenue available to public schools from local,
state and federal levels of government;
(e) analyze the impact of shifts in local,
state and federal funding and its effect on local spending plans;
(f) recognize and explain internal and
external influences on the budget;
(g) recognize multiple approaches to
determine reliable enrollment and personnel projections;
(h) interpret the state funding
model;
(i) prepare revenue
projections and estimates of expenditures for school sites and district-wide
budgets;
(j) identify various
methods of budget analysis and management;
(k) exercise budgetary management;
and
(l) apply analytical procedures
for budgetary analysis;
(3) Accounting, auditing, and financial
reporting: The school business official understands and demonstrates the
ability to:
(a) understand the use and role of
internal and external audits;
(b)
prepare and analyze interim and annual financial statements;
(c) report the financial status and operating
results to the local board of education;
(d) determine revenues and expenditures by
fund using state-approved charts of accounts;
(e) develop and maintain all fixed assets
inventory in accordance with applicable governmental accounting standards board
pronouncements;
(f) use the annual
audit report to improve financial tracking and reporting; and
(g) apply the appropriate basis of accounting
in accordance with applicable governmental accounting standards board
pronouncements in measuring financial position and operating results.
(4) Cash management, investments,
and debt management: If applicable to the school district in which he or she is
employed, the school business official understands and demonstrates the ability
to:
(a) use lease purchasing and joint powers
agreements;
(b) select banking and
other financial services;
(c)
recognize the statutory limitations on investment options available to a school
district;
(d) apply procedures for
implementing and monitoring internal transfers and loans; and
(e) apply the process of issuing long-term
general obligation bonds including the bond rating process and the role of the
bonding attorney and rating services.
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