In the essay “School Budgeting Processes” the author discusses adequate funds at school. These are got from the federal, state and local governments. Other sources of extra revenue for the schools come from other sources such as donors and the charges…
For this reason, I would like to state that the District Superintendent of Schools and the School Management Boards should provide school principals with the following information about the budgeting process for their respective schools:
One of the most important lessons that each public school principal should have is the entire budgeting process. Therefore, the first thing that the District School Superintendent and boards of education should tell the school principals is about the type of budgeting strategy to be adopted in the school district. Having such information will definitely enable these school administrators to know the contributions which, as school administrators, they should be made towards a successful planning, drafting, and implementation of the school budget. Without a proper knowledge of this area, nothing much can be achieved so far.
However, given that the budgeting process is being devolved to the school levels, the District School Superintendent should adequately inform school principals about the on-site budgeting process. They should be told everything about this new approach and be challenged to take the initiatives to budget for their own schools. As school administrators, the principals should be informed that it is their responsibility to coordinate with the office of the school bursar in order to make the necessary budget approximations during each financial year. Once they get such important information, they will take the necessary steps to lobby their teams so as to initiate the budget-making exercise after thoroughly considering all the sources of school revenues and identifying the most necessary areas to spend on.
After informing the school principals that it is their mandate to oversee the success of on-site budgeting process in their respective schools, they should be challenged to be team players (Colander, 2007). ...
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(School Budgeting Processes Coursework Example | Topics and Well Written Essays - 1000 Words)
“School Budgeting Processes Coursework Example | Topics and Well Written Essays - 1000 Words”, n.d. https://studentshare.net/education/644085-school-budget.
This paper will discuss budgeting with respect to the construction industry. It will describe the functions of budgeting along with the role of budgeting in motivating behaviors within organizations. We will also discuss how potential dysfunctional consequences arise from the actions that budget holders may take when they are responsible for the budget.
However, the way to report should adhere to set international financial reporting standards. A financial reporting system is unique to a company and should be made in such a way that it does not contravene the set standards. A financial reporting system uses financial statements thus encompasses characteristics and components of such financial statements.
However, having a budget without instituting budgetary controls is useless. Budget controls are necessary to ensure that the company utilizes its finances as planned and to help detect deviations for correction purposes (Wiseman, 2010). Monitoring of a budget is something that is assiduous and must not be ignored at any particular time of the financial year.
This is, till now, considered to be the roadmap for the future development of a business. It clearly states about business’s objectives, business finances and its forecasts, and business’s share in the market (Wildavsky, 1996). Budgeting is a tool which can measure the success of the business, its rate of growth and possibilities of further future development.
This article tries to emphasize the imminent danger of discontentment in the prison system due to the prevailing budget cuts (Jennings, 2011). The article is also trying to show the idea from the stand point of a prison expert telling some remarkable disadvantages if budget for prison system has to undergo some necessary cutbacks.
Budgeting Introduction:Budgeting plays an important role in a business. It is very significant for the reason that it permits the firm to ensure of how much credit it may provides to consumer before it begins to have liquidity troubles. “Cash budget is an opinion of inflow and outflow of the business of an organization for a particular period of time” (Foley 2009).
It generally provides considerable assistance in identifying the dimensions of business functions that need more attention to be upgraded and delivers a rational idea regarding the unnecessary expenses incurred within a particular organization with the motive of preserving financial effectiveness.
Moreover, in times of today budgets are not to be considered static, over a period of time they need to be reviewed and rolled over.
There is no denial of the fact that 'failing to plan' results in 'planning to fail'. Budgets prepare organizations to anticipate the future and plan accordingly, which eases their anticipation for the future and day to day needs are already planned earlier.
Preparing a monthly budget includes recording of all possible incomes in the month, and listing of all fixed expenses like rent, telephone and utilities, and then last is the listing of variable expenses. This way, you can find the
In order to determine achievable budgetary targets, both the organisation and managers should sit together and determine realistic and achievable budgetary targets. For this purpose, the managers should show their consent for achieving the
2 Pages(500 words)Essay
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