The Uniform Chart of Accounts (UCOA) is a shared system of accounting for supervisory unions and supervisory districts (SUs/SDs) in Vermont. It includes a set of accounts to categorize school finance revenues and expenditures, as well as standardized business practices. The UCOA provides more consistent and comparable school finance data. These improvements to Vermont school finance data will provide better information for both the legislature and local decision-makers, yielding greater transparency and the opportunity for quality, data-driven policy for Vermonters.
Under Act 6 of 2019, which amends Act 58 of 2015, all SUs/SDs must adopt the UCOA by July 1, 2020 for the 2021 Fiscal Year.Â