The Principal's Guide to School Budgeting

by Richard D. Sorenson

• ISBN13: 9781412925327
• ISBN10: 1412925320
• Format: Paperback
• Copyright: 2006-04-12
• Publisher: Corwin Pr

Summary

This unique budgetary survival guide will enhance your instructional, technical, and managerial skills not only as the school's leader but also as the school's visionary, planning coordinator, and budgeting manager.

Table of Contents

Preface	ix
Acknowledgments	xi
About the Authors	xiv
Understanding the Budgeting Process	1	(26)
The Basics of School Budgeting	1	(3)
Breaking the Budgeting Myths	4	(1)
Delineating Between School Finance and School Budgeting	5	(2)
Sources of School Funding	7	(10)
Veronica's Problem	11	(1)
Federal Sources of Income	12	(2)
State Sources of Income	14	(1)
Local Sources of Income	15	(2)
Ten Steps to Budgeting Success	17	(4)
Final Thoughts	21	(2)
Discussion Questions	22	(1)
Case Study Application: Fiscal Issues and the New Principal	23	(4)
Part I---``Boy, Do I Have a Lot to Learn!''	23	(1)
Application Questions	24	(1)
Part II---``Well, It's My Money!''	25	(1)
Application Questions	25	(2)
The Budget-Vision Relationship and the National Standards	27	(23)
The National Educational Leadership Standards	30	(3)
Shifts in Knowledge and Skills	31	(2)
An Examination of the ELCC & ISLLC Standards	33	(13)
ELCC/ISLLC Standard 1	33	(1)
ELCC/ISLLC Standard 2	34	(1)
ELCC/ISLLC Standard 3	35	(1)
ELCC/ISLLC Standard 4	36	(2)
ELCC/ISLLC Standard 5	38	(5)
ELCC/ISLLC Standard 6	43	(1)
ELCC Standard 7	44	(2)
Final Thoughts	46	(1)
Discussion Questions	47	(1)
Case Study Application: Belle Plain Middle School	47	(3)
Application Questions	49	(1)
School Culture and Using Data Effectively	50	(14)
School Culture	51	(2)
Values	52	(1)
Beliefs	52	(1)
Attitudes	53	(1)
Data-Driven Decision Making	53	(1)
Barriers to the Use of Data	54	(2)
Dimensions of Data	56	(1)
Types of Data	56	(5)
Disaggregated Data	56	(3)
Longitudinal Data	59	(1)
Perception Data	59	(1)
Qualitative Data	60	(1)
Quantitative Data	60	(1)
Assessment	61	(1)
Final Thoughts	61	(1)
Discussion Questions	62	(1)
Case Study Application: L. B. Jensen Middle School	62	(2)
Application Questions	63	(1)
Other Resources	63	(1)
A Model for Integrating Vision, Planning, and Budgeting	64	(29)
Sorenson-Goldsmith Integrated Budget Model	65	(18)
Leadership	65	(1)
Component 1: Defining Stakeholders	66	(1)
Component 2: Selection of Stakeholders	67	(2)
Component 3: Needs Assessment (Data Gathering)	69	(2)
Component 4: Data Analysis	71	(3)
Component 5: Needs Prioritization	74	(1)
Component 6: Goal Setting	75	(1)
Component 7: Performance Objectives	76	(1)
Component 8: Action Plan	77	(6)
Final Thoughts	83	(3)
Discussion Questions	85	(1)
Case Study Application: Shifting Paradigms with Changing Times (Parts 1--3)	86	(7)
Effective and Efficient Budgeting Practices	93	(35)
The Budget Plan	93	(3)
Adequate Funding in an Era of Accountability	96	(1)
Analyzing the School Action and Budget Plans	96	(3)
Generated Income Sources	99	(6)
Grants	100	(4)
Fundraising	104	(1)
Expenditure Accountability and Control	105	(3)
Fiscal Education and Information Management System	105	(1)
Accounting Procedures	106	(2)
Collection and Deposit Structures	108	(7)
The School Activity Account	108	(1)
Components of the Collection and Deposit Structure	109	(2)
Timely Payment of Bills	111	(1)
Budget Amendments	111	(4)
Budgetary Systems	115	(3)
Function/Object Budgeting	115	(1)
Zero-Based Budgeting	116	(1)
School-Based Budgeting	117	(1)
Accounting and Auditing Procedures	118	(5)
Fraudulent Practices	120	(1)
Embezzlement	121	(1)
Other Risk Factors	122	(1)
Final Thoughts	123	(2)
Discussion Questions	124	(1)
Case Study Application: Sex, Money, and a Tangled Web Woven	125	(3)
Application Questions	126	(2)
Building the School Budget	128	(36)
Site-Based Decision Making	128	(2)
Why Site-Based Decision Making?	130	(1)
Who Builds the School Budget?	130	(5)
The School Leader	131	(1)
School-Site Administrators	132	(1)
Other Committee Members	133	(1)
School-Site Directors	134	(1)
Teachers and Grade-Level or Department Chairs	134	(1)
Central Office Administrators	134	(1)
Students	134	(1)
Community Members	135	(1)
School Budget Applications	135	(5)
Budget Allocations	140	(1)
Restricted Funds	141	(1)
Coding Applications	142	(4)
Special Activity 1: Utilizing Accounting Codes	145	(1)
Special Activity 2: Utilizing Accounting Codes	146	(1)
Projecting Student Enrollment	146	(5)
Important Budget Considerations	151	(6)
The Budget Calendar	153	(3)
The Budget Hearing and Defense	156	(1)
Final Thoughts	157	(2)
Discussion Questions	158	(1)
Case Study Application 1: Shifting Paradigms With Changing Times	159	(3)
Case Study Application 2: Requisition Season at Cover Elementary	162	(2)
Application Questions	163	(1)
Answers	163	(1)
Celebrating Success, Acknowledging Opportunities, and Ethical Leadership	164	(8)
Celebrating Success	164	(3)
Acknowledging Opportunities for Growth and Development	167	(2)
The Leadership Role: Ethical and Moral Behaviors	169	(3)
Resource A: Selected Forms	172	(3)
Budget Development Spreadsheet	173	(1)
Strategy Page	174	(1)
Resource B: Experiential Exercises	175	(21)
The Budgeting Codes Activity	175	(2)
Accounting Codes Reference Sheet	177	(3)
The Budget Development Project	180	(2)
Salaries	182	(14)
Resource C: Budgeting Checklist for School Administrators	196	(3)
Resource D: State Departments of Education Websites	199	(3)
References	202	(9)
Index	211