The Principal's Guide to School Budgeting / Edition 2

The Principal's Guide to School Budgeting / Edition 2

by Richard D. Sorenson, Lloyd M. Goldsmith
     
 

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ISBN-10: 1452255474

ISBN-13: 9781452255477

Pub. Date: 11/30/2012

Publisher: SAGE Publications

Create a winning school budget during challenging economic times!

This revised bestseller walks school leaders through the budgeting process, focusing on vision and strategic planning as firm guides to resource allocation. With an eye toward tough budgetary climates, the authors provide a budgeting model that helps you align organizational goals with a sound

Overview

Create a winning school budget during challenging economic times!

This revised bestseller walks school leaders through the budgeting process, focusing on vision and strategic planning as firm guides to resource allocation. With an eye toward tough budgetary climates, the authors provide a budgeting model that helps you align organizational goals with a sound fiscal accountability system. In this new edition you will learn:

  • 25 tips for budgeting during an economic downturn
  • How to develop a school budget using the most effective practices
  • Methods for conducting a needs and program assessment
  • How to prepare and analyze a school action plan
  • Answers to some of the toughest budgeting dilemmas

Product Details

ISBN-13:
9781452255477
Publisher:
SAGE Publications
Publication date:
11/30/2012
Edition description:
Second Edition
Pages:
272
Sales rank:
125,390
Product dimensions:
7.00(w) x 9.90(h) x 0.60(d)

Table of Contents

Preface
Acknowledgments
About the Authors
Introduction
1. Understanding the Budgeting Process
The Basics of School Budgeting
Breaking the Budgeting Myths
Delineating Between School Finance and School Budgeting
Budgeting in Times of Economic Downturn and Fiscal Constraint
Allocation – The Key to the Budgetary Process
Sources of School Funding
Federal Sources of Income
State Sources of Income
Local Sources of Income
Ten Steps to Budgeting Success
Final Thoughts
Discussion Questions
Case Study Application: Fiscal Issues and the New Principal
Application Questions
Application Questions
Part II: "Well, It's My Money! "
2. The Budget-Vision Relationship and the National Standards
The National ISLLC Standards
Shifts in Knowledge and Skills
From Technical Skills to Interpersonal Skills
From Director to Consensus Builder and Motivator
From Resource Allocation to Accountability
Examining the ISLLC Standards Through A Budget-Vision Lens
ISLLC Standard 1 – The Vision Standard
ISLLC Standard 2 – The Learning Standard
ISLLC Standard 3 – The Environment Standard
ISLLC Standard 4 – The Community Standard
ISLLC Standard 5 – The Ethics Standard
Examining Three Key Terms – The Trio
ISLLC Standard 6 – The Global Standard
Final Thoughts
Discussion Questions
Case Study Application: Belle Plain Middle School
Application Questions
3. Culture, Data, and Celebrating Success
Culture
Values
Beliefs
Attitudes
Data
Data-Driven Decision Making
Barriers to the Use of Data
Dimensions of Data
Data Types
Disaggregated Data
Longitudinal Data
Perception Data
Qualitative Data
Quantitative Data
Assessment
Acknowledging Opportunities for Growth and Development
Celebrating Success
Final Thoughts
Discussion Questions
Case Study Application: L. B. Jensen Middle School
Application Questions
4. A Model for Integrating Vision, Planning, and Budgeting
Sorenson-Goldsmith Integrated Budget Model
Leadership
Component 1: Defining Stakeholders
Component 2: Stakeholder Selection
Committee Size and Structure
Diversity
Committee Member Training
Staggering the Terms
Component 3: Data Gathering (Needs Assessment)
Component 4: Data Analysis
Component 5: Needs Prioritization
Component 6: Goal Setting
Component 7: Performance Objectives
Component 8: Action Plan
A Planning Metaphor
The Elements of an Action Plan
The GOSA Relationship
An Example
GOSA Mapping
Final Thoughts
P.S.
Discussion Questions
Case Study Application: Shifting Paradigms With Changing Times
5. Effective and Efficient Budgeting Practices
The Budget Plan
Adequate Funding in an Era of Accountability and Fiscal Constraint
Analyzing the School Action and Budget Plans
Performing an Information Analysis
Steps to Performing an Information Analysis
Conducting a Needs Assessment
Generated Income Sources
Grants
Fundraising
Expenditure Accountability and Control
Fiscal Education and Information Management System
Accounting Procedures
Collection and Deposit Structures
The School Activity Account
Components of the Collection and Deposit Structure
Timely Payment of Bills
Budget Amendments
Budgetary Systems
Function/Object Budgeting
Zero-Based Budgeting
School-Based Budgeting
Accounting and Auditing Procedures
Fraudulent Practices
Embezzlement
Other Risk Factors
The Leadership Role: Ethical and Moral Behaviors
Final Thoughts
Discussion Questions
Case Study Application: Sex, Money, and a Tangled Web Woven
Application Questions
6. Building the School Budget
Site-Based Decision Making
Why Site-Based Decision Making?
Who Builds the School Budget?
The School Leader
School-Site Administrators
Other Committee Members
School-Site Directors
Teachers and Grade-Level or Department Chairs
Central Office Administrators
Students
Community Members
School Budget Applications
Budget Allocations
Restricted Funds
Coding Applications
Activity 1: Utilizing Accounting Codes
Activity 2: Utilizing Accounting Codes
Projecting Student Enrollment
Important Budget Considerations
The Budget Calendar
The Budget Hearing and Defense
Final Thoughts
Discussion Questions
Case Study Application 1: Shifting Paradigms With Changing Times
Case Study Application 2: Requisition Season at Cover Elementary
Application Question
Case Study Application 3: The Budget Development Project
Chapter 6 Answers
Resource A. Selected Forms
Budget Development Spreadsheet
Strategy Page
Resource B. Experiential Exercises
Gladys Weatherspoon Case Study
The Budgeting Codes Activity
Accounting Codes Reference Sheet
Resource C. Budgeting Checklist for School Administrators
Resource D. State Departments of Education Websites
References
Index

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