Financial Information of Community Colleges and Vocational Schools (FINCOL)

Expenditures of school board, type

Expenditure refers to the values of the amounts that buyers pay, or agree to pay, to sellers in exchange for goods or services that sellers provide to them or to other institutional units designated by the buyers. The buyer incurring the liability to pay need not be the same unit that takes possession of the good or service. It is common for government units or non-profit institutions serving households to pay for goods or services that the sellers provide to households.

School board refers to a local board or committee in charge of the schools which are a part of the elementary and secondary public school system in that location.