June Current Budget Close-Out Superintendent / Director of Fiscal ServicesĬategories of Expenditures that comprise the School Budget May Budget Referendum Parents / General Public Voters March Budget Hearing Public / Board of FinanceĪpril Budget Workshops Board of Selectmen / Board of Finance / Public January Budget Workshops Board / Administrators / Publicįebruary Budget Workshops Board / Administrators / Public November District-Based Planning Superintendent / Directors / Publicĭecember Budget Proposal to Board Superintendent / Director of Fiscal Services October School-Based Planning Administrators / Staff / Parents September Budget Priorities Input Administrators / Staff / Parents July Planning / Data Review Superintendent / AdministratorsĪugust Data Review/ Projections Director of Fiscal Services

Month Budget Activity Person(s) Responsible (1) determining program requirements and assessing what students will require for learningĪnd teachers will need for teaching (2) initiating and supervising an assessment of program needs relative to staffing and scheduling (3) obtaining community perspectives and opinions concerning school needs (4) recommending a school based budget that allocates funds in a manner best-suited to achieving the school improvement plan and (5) supporting school-based budget statistics with the plan for school improvement. In student needs and in the overall size of the student population. Differences in allocations reflect differences With school-basedīudgets, one can expect to see variances in how monies and resources are allocated at the school level. The school-based budgets are reviewed to ensure that they correspond with the requirements of statutes,Įducational goals, district policies, and collective bargaining agreements. The school-based level also provides opportunity for parental input. Budgeting by school sites decentralizes decision-making, thus promoting school staff input and providing for expenditure choices to meet student needs in the various schools. The budget development process encompasses both school-based budgeting and district-basedīudgeting. This analysis includes informal and formal audits, review of instructional versus non-instructional costs, study of budgeted versus actual expenditures, and various projections of increases in student enrolment, impact on facilities, and so on. To begin the budget development process, the administration analyzes expenditures from the Local funds support the largest portion of the school budget.īasic Process for the Development of School Budget Local funds are generated primarily from property taxes and some miscellaneous sources. State government provides funds to support schools in districts. To specific categories of students with special needs for programming. Sources of Revenues that support the School Budgetįederal funds support a minimal portion of the budget for expenditures that are directed The philosophy in establishing the annual school budget should be to create a budget that supports appropriate funding for all educational programs so that the students may benefit and learn from quality learning experiences based on educationally sound and fiscally prudent planning. The time period is referred to as the fiscal year.

Hence, the budget is a statement of purpose and a review of income and expenditures by function – with a timeline to explain past, current, and futureĪ school budget is a fiscal managerial document used to plan for the projection of expenditures that will be incurred during a designated period of time. A vertical budget includes the various income and expenditure estimates in a given fiscal year, while a horizontal budget will include current estimates for a given fiscal year, compared to prior audited income and expenditures, and a projection of costs into the future. In more technical terms, a budget is a statement of the total educational program for a given unit, as well as an estimate of resources necessary to carry out the program and the revenues needed to cover those expenditures. Budgeting is a process and plan for determining how money is to be raised and spent, as well as a document – the budget – developed and approved during the budgeting process.

Texas school district budget calendar