Advanced Education Budget Analysis

As the newly promoted director of student achievement for Washington, D.C Public Schools, I am fully committed to the expansion of current program offerings as well as the creation of additional programs. To achieve this, I will make use of the principles learned in my graduate budgeting course to assess the current financial situation, plan the department’s future direction, create and implement the new annual budget, and lastly, evaluate the success of the programs and the budget in preparation of repeating these steps.

The company should consider ethical aspects of the changes in original budget and actual sales/amount. The main reason behind it is the variances in materials, labor, and overhead. In addition to this, the firm should evaluate the actual variance in the materials, labor, and overhead and after that change in budgets in order to maintain business ethics and to reduce improper changes in budget that is unethical aspect of the business (Delaney & Whittington, 2012).

Sitting down and discussing budget questions with our school bookkeeper was the most chaotic 45 minutes of my school week. I always thought being the bookkeeper would be a stressful job because of the amount of money you had to deal with and all of the things you had to keep track of it, not because of everyday office chaos. Our bookkeeper does an exceptional job and our principal agrees that she will probably never find someone to replace her, however with all of the other stresses I could understand our bookkeeper leaving. While I was with Mrs. Banks there were people constantly coming by and asking her to do things. Mrs. Banks does not have her own office and people often treat her like a secretary. Mrs. Banks and I discussed how this is one of the main issues with her job.

These budget cuts often effect the teachers by their salary. Also, if the teacher in the Teacher Forgiveness Program got laid off because of budget cuts before their five years where up then none of their loan would be paid.

Webster’s dictionary defines inflation: as a continuing rise in the general price level usually attributed to an increase in the volume of money and credit relative to available goods and services. During the last 10 years we have seen and felt the effects of inflation. Services and goods have gone up in price, but the minimum wage for most Californians stayed the same for a number of years. Inflation is a key factor that has affected tuition costs in most universities and has helped contribute to the steady rise. Public and private schools each typically have their own college inflation rate, which

The federal government has attempted to slice into the Department of Education’s budget since it was established in 1979. The department was originally founded in 1867, but soon became demoted since the government was afraid it would have too much power. “In the 1860s, a budget of $15,000 and four employees handled education fact-finding. By 1965, the Office of Education had more than 2,100 employees and a budget of $1.5 billion. As of mid-2010, the Department has nearly 4,300 employees and a budget of about $60 billion” (An overview of the U.S. Department of Education, 2010). To provide some comparable insight, in 2013 the Department of Defense’s budget of $663.8 billion (U.S. Department of Defense, 2009).

From inception, public institutions have been primarily funded by the state they reside in. In the last couple of decades state funding of higher education has dropped significantly, with a dramatic drop during the recession that started around 2008. The drop in funding has pushed an additional loan burden onto students, and has forced universities to re-evaluate and change how they operate. Aside from making cuts, universities have become more creative in generating different sources of revenue.

In 2013, the state lawmakers restored almost $3.4 billion of the $5.4 billion in public education cuts made in 2011 and changed graduation and testing requirements. Last year, the legislature restored $1.5 billion into schools, which wasn’t enough to cover the previous $5.4 billion cut, when adjusted for enrollment growth and inflation.

School funding has seemed like a top priority for most people. It has been said that since the budget cuts of

Students High in Debts Crisis "The only good thing about student loans is that the day I die my children will not have to pay for them” (Block). The problem with everyone not being able to go to college is the cost of it. Many High school graduates don’t even think about going to college because of how crazy expensive it is. Many students drop outs later on due to not being able to keep paying and the ones who do graduates struggle in paying off their student loans for years.

The education that we’re getting in BC isn’t that good. The NDP, which is lead by Tom Mulcair, promised that they’d donate a lot of money to schools so we can get newer and better textbooks. Also, many schools are having to put classes in portables, since there isn’t enough room in the school building to fit them in. But many students don’t like being in portables, so the NDP wants to stop portables from being made and focus

“No one should be held back from realizing their potential by fears that they will not be able to afford to go to university or that they will graduate with unmanageable levels of debt” (Notable). These fears could soon become a reality for the students that have recently fallen victim to the financial shortcomings of the state of Mississippi. After exceeding the financial aid budget by almost $11 million in the 2016-2017 school year, and further sustaining a 2.8% reduction to the 2018 budget, Mississippi Legislature passed a bill to restrict students from stacking state grants such as the MTAG, MESG, and HELP beginning on July 1, 2018 (Benton). Instead of receiving aid from each of the grant programs one is eligible for, students are now

One of the important drawbacks of the budget was the cuts and delays in education funding. As published in the article “California lawmakers pass long-overdue budget” (2010), by Fox News “Under the deal, nearly $2 billion in payments to K-12 schools and California's community colleges would be delayed until the next fiscal year”. This was one of the consequences of the late deficit budget, which lawmakers agreed upon. Stopping payments to educational institutions was not seen as a positive feature of the budget. The delay in funding kept the educational programs on hold, which affected many educational

Like I mentioned earlier, the government can not continue to do this because it will only result in tuition to keep rising. This is affecting colleges by having them make drastic measures to reduce cost such as cutting staff and not being able to provide high education. In addition, this is affecting students because tuitions are constantly being raised to the point where they are not able to attend or having to drop-out of college. On top of this, the high cost of tuition is discouraging young people like myself from getting a college degree. There are numerous of time where I have thought of just working a full-time job because I would not have to worry about paying high tuition fees and college loans. If tuition continues to increase, the government can expect an decrease in enrollment, and an increase in student

My first reason why all students should receive free education is that tuition is supremely expensive and sometimes unaffordable. Some families are struggling to pay off tuitions due to not good enough jobs, or even the family may have many kids with tuition waiting to be payed off. “ As a result, 36 per cent of Canadian parents surveyed with children under the age of 25 say they will need to delay their own retirement. College or university tuition fees fairly cost anywhere between 20-30 thousand dollars!