Site-Based Budgeting Case Study

Budget management analysis is used by mangers as a tool and helps determine that all resources available are being used efficiently. The budgets are determined yearly and are based upon the previous year’s budget and variances. This paper will discuss specific strategies to manage budgets within forecast, compare five to seven expense results with budget expectations, describe possible reasons for variances, give strategies to keep results aligned with expectations, recommend three benchmarking techniques, and identify those that might improve budget accuracy, and justify the choices made.

The budgeting process is one of the most important tasks colleges must participate in. The primary architect in developing the budget of a community college is the chief

To distribute and account for all of the student aid dollars given to students each year and to do this accurately (over 6200 schools)

The budgets process could help to spread resoursces that increase the skill to get best outcome.

The budget process is a powerful planning tool for government to make important resource decisions. According the Carney and Schoenfeld‘s article on How to read a Budget, an operating budget is a reflection of government’s financial plans. When a budget is

Texas’ two-year budget takes roughly twice that quantity of time to prepare, develop and distribute. Offices develop their appropriations requests in the first year; the legislative body approves the “General Appropriation Act in the second year, and the budget implemented over the following two years.” The foremost step in preparing the budget is the evolution of a statewide vision for the future of Texas government. The regulator, in cooperation with the “Legislative Budget Board”, (LBB), handles making the mission statement for Texas.

This research paper is a brief discussion of budget management analysis. Budgeting is the key to financial management, and is the key to translates an organization goals or plan into money. Budgeting is a rough estimate of how much a company will need to get their work done, and provides the basis for evaluating performance, a source of motivation, coordinating business activities, a tool for management communication and instructions to employees. Without a budget an organization would be like a driver, driving blinded without instructions or any sense of direction, that’s how important a budget is to every organization and individual likewise (Clark, 2005).

Capital budgeting is a precise substantial process that the (FLDOE) integrates in their financial management measures that the agency uses in determining investment and current expenditures. It is the development which includes the determination and the evaluation of the investments and the possible outlays by an organization. Florida Department of Education (FLDOE) is motivated on attaining the preeminent outcomes that an educational structure has in relationship with high quality services. The agency, hence from end to end integrates various activities that is focused on improving public education issues while reducing educational total cost. The agency relies on capital budgeting as a tool to ensure that all capital and resources are being well utilized. The process of capital budgeting entails the emphasis on key aspects that includes determining debt capacity, funding and other activities that may include refunding and the restructuring of the existing debt obligations.

Budgets should not be a managers task only. The whole organization should be involved in the budgeting process.

Another factor that I would use to help guide the budget decisions is by determining if the district has enough staff to meet the

Central Office leadership, when constructing a budget, must consider all aspects of the educational process including the effects of management of support services such as facilities, transportation, and food service. Local school districts are allowed to request bonds passed by the voters of the school district zone for specific projects or general projects. The bond proposals can come in through many different avenues such as capital outlay, sinking fund, operating millage are all ways in which this can be done, each having different purposes and ways in which funding can be used. A district must understand the vital impact for effective long-term planning for facility management and transportation. If the district is not effective in

However, the one issue that causes me the most concern is that of school finance, school choice, and vouchers. This reflects the "business end" of being a school leader, and I do not have a business background. My concern goes beyond creating a budget, as I feel my course work and discussion with my principal has prepared me to that extent. However, I have not worked with the parish finance council, nor negotiated with the pastor regarding the parish subsidy. Additionally, I have concerns regarding issues not only of vouchers and school choice, with which I have little experience, but also the availability of federal funding. Successful management of the various aspects of school finance is essential to maintaining or even improving a school's financial viability. Consequently, this issue must be thoroughly understood by a school leader, in order to be

Budgeting is the systematic method of allocating financial, physical, and human resources to achieve an organization’s strategic goals. Budgets are utilized by for-profit and non-profit organizations to monitor the progress towards the goals, assist in the control of spending, and help predict cash flow for the organization.

Budgets serve five main purposes; planning, facilitating communication and coordination, allocating resources, controlling profits and operations and evaluating performance and providing incentives. The budgeting process requires both technical and interpersonal leadership skills to achieve each of these purposes effectively. The director’s memo demonstrates several short comings in the budgeting process. The director instituted the “responsibility accounting system” as a means of evaluating performance. However, the DPW director has not consulted Sam in the budget process. Sam understands that his total expenditures are impacted by relatively unpredictable events that contribute to an uncontrollable element of his cost. The

Budget and budgetary control practices are undeniably indispensable as organizations routinely go about their business activities and operations. These organizations are constantly on the alert on how actual levels of performance agree with planned or budgeted performance. A budget expresses a plan in monetary terms. It is prepared and approved prior to a particular budgeted period and explicitly may show the income, expenditure and the capital to be employed by organizations in achieving their goals and objectives.