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Building the School Budget

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LaKeisha Weber

on 10 November 2016

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Transcript of Building the School Budget

Building the School Budget
Chapter 6

Site-Based Decision Making
Decisions regarding student achievement, instructional strategies, fund allocations, etc. are made collectively by school leaders, teachers, staff and other educational stakeholders.

The most effective method to use when drafting the school budget.
Superior to the autocratic method ( followers are not allowed to have a voice)
Budgetary processes should be made by ALL stakeholders in an "open forum."
Budget should be transparent and keep the
STUDENT FIRST


ANSWER
200-10-6300-002-23
Restricted Funds
Some funds are allocated to the school and are limited to the growth and development of specific programs,

1. Title 1 Funding

2. Bilingual Education

3. Special Education


School Budget Paradigm Shift
All of us are smarter than any one of us.
The planning, drafting, and implementation of a vision-aligned school budget requires collaboration among all educational stakeholders
School Budget: Who is Responsible?
All of the following individuals play key roles in ensuring that school funds are allocated in a manner that is transparent and keeps the students first:

School Leader
School-Site Administrators (principal, assistant principal, resource teacher, coaches, etc.)
Committee Members (elected officials, teachers, military liaisons, law enforcement, parents, etc.)
School-Site Directors (athletic/band directors)
Teachers
Students
Community Leaders
Coding Applications
School Budget Applications
1. Descriptive Narrative
2. Programmatic Identifiers
3. Mission Statement
4. Student Enrollment Projections
5. Analysis of School Improvement Plan (e.g. technology,discipline,career education, staff development, etc.)
6. Needs Assessment
7. Priority Analysis
8.Teacher/Student Distribution, Personnel Salary, and Faculty Apportionment Tables
9. Above Basic Personnel Request and Justification
10. Allocation Statement
11. Final Budget Compilation
Coding Activity
Angie Alexander
LaKeisha Weber
EDAD 5570
Management of School Personnel and Finance

---Japanese Proverb
1980's- Public schools in America shifted more towards applying business principles to program planning.

The decentralization of district budgets within schools was the biggest change brought on by this shift
To ensure organizational success, these four factors MUST be decentralized:

1. Power
2. Information
3. Knowledge
4. Rewards
The Components Necessary for an Effective School-Based Budget
These monies can only be moved around with approval from the school district
School Districts are required to adopt a fiscal coding system

It is a labeling method for expenditures using a specific coding sequence
Fund codes (regular/SPED/vocational)
Function Codes (instructional/non-instructional)
Object Codes (type of expenditure)
Sub-object Codes (content areas)
Organization Codes (high, middle, or elementary school)
Budget Allocations
Projecting Student Enrollment
Where School Funding Originates
School Revenue Sources
Federal funding
State Funding
Local Funding

These funds are categorized by titles such as:
General Funds (sustains normal operations)
Special Revenue (legally restricted for specific purposes)
Capital Projects
Debt Services
*Funding is determined by*STUDENT ENROLLMENT
MORE STUDENTS=MORE MONEY
School Enrollment is detrimental to school budget planning
Cohort Survival Method
QUESTIONS?
BUDGET CONSIDERATIONS
1. Utilize a budget calendar
2. Identify budgetary allocations and restricted funds
3. Project incoming and exiting student populations
4. Project faculty and staff increases and reductions
5. Conduct a needs assessment
6. Receive input from all stakeholders
7. Project and prioritize expenditures
8. Build the budget
9. Defend the budget
10. Amend and adjust school budget
achievement for special education students.
Full transcript