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. 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.