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School budget
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- 2. Budget A budget isa fiscal plan formulated to reach the goals of the school. It is a tool of great importance for exercising financial control. It reflects the aspirations of the school and the financial means to fulfil them. and reduces uncertainty. Hence a budget expresses the plans regarding all the operations to be undertaken along with realistic estimates regarding the expenses that would be incurred to undertake these operations. Since the operations are either yet to be undertaken or are those that have already been undertaken but require to be continued in future, therefore budgets are futuristic in nature. A budget is thus the main framework for financial management of schools. It provides the essential pathways through which the financial resources 'of the school could be harnessed for attaining the objectives that have been set. • r
- 3. School Master Budget:This is the overall school financial an operating plan for a forthcoming fiscal period. This is usually prepared annually. It is a comprehensive financial plan that takes into account every operation to be undertaken during a particular financial year. It includes all the possible sources of revenue and involved. School Capital Budget: This type of budget usually is for terms longer than one year and they are fiscal plans for major expenditure on capital assets like the school building, halls, laboratories etc. implications for the school. It requires estimates of time and hence is more difficult to prepare. School Department Budgets : These budgets are segments of the School Master Budget and are concerned with the different departments for instance chemistry dept, computer lab etc. They are prepared usually by the person heading the department and are prepared for a term or one financial year.
- 4. Steps in Budgeting: 1. Planning 2. Receiving of funds 3. Allocation of Funds 4. Utilisation of Funds 5. Statement of Expenditure 6. Review / Evaluation
Editor's Notes
- #2 This template can be used as a starter file for presenting training materials in a group setting. Sections Sections can help to organize your slides or facilitate collaboration between multiple authors. On the Home tab under Slides, click Section, and then click Add Section. Notes Use the Notes pane for delivery notes or to provide additional details for the audience. You can see these notes in Presenter View during your presentation. Keep in mind the font size (important for accessibility, visibility, videotaping, and online production) Coordinated colors Pay particular attention to the graphs, charts, and text boxes. Consider that attendees will print in black and white or grayscale. Run a test print to make sure your colors work when printed in pure black and white and grayscale. Graphics, tables, and graphs Keep it simple: If possible, use consistent, non-distracting styles and colors. Label all graphs and tables.
- #3 Give a brief overview of the presentation. Describe the major focus of the presentation and why it is important. Introduce each of the major topics. To provide a road map for the audience, you can repeat this Overview slide throughout the presentation, highlighting the particular topic you will discuss next.
- #4 This is another option for an overview using transitions to advance through several slides.