Administrators often opt for multi-year contracts through a technique called “fund braiding.” Multi-year contracts enable partners to enjoy uninterrupted access to Wayfinder and sometimes also save costs. To pay for these contracts, administrators will “braid” multiple funding sources for one goal while maintaining separate tracking to comply with distinct procurement regulations. Schools and districts will often braid one-time and long-term funds to optimize their investments.
The specific combination of funds can differ from district to district, but the example below demonstrates how various funding streams can be integrated to achieve a unified objective. This unified approach aligns the efforts of different district departments, enhancing the overall impact and preventing redundant work through coordinated action.
