Budgeting Case

Study
Name
Institution
Date
Introduction
• Budgeting process help with planning process, accounting for
money, and resource allocation.
• Budget preparation commences from audit of previous
expenditures and stock.
• The organization budget for presentation will be for Hope
Creek Elementary School.
• The operations update/ replenish budget will be prepared for
the school.
Hope Creek Elementary School
• What the school looks like;
• Hope Creek is a private learning institution for both elementary and
secondary level learners.
• Have a reduced lunch offer (80%) free.
• Has 895 students
• Employs 35 classroom teachers
• The ratio of teacher to student is 1:26
Student Demographics
Demographics

African Americans
Whites
Hispanic

Gender

Male
Female
School Budget Breakdown
Budget

School and Office

Supplies
Instructionl Supplies
Copier Equipment &
Services
Jenitorial Supplies
School and Office Supplies
Instructional Supplies
Copier Services &
Equipment
Janitorial Supplies
Quotation 1
Quotation 2
Conclusion
• Budgeting process seeks to;
• Enhance greater control
• Financial accountability
• Active administrative planning
• School budgeting philosophy often aim to support student and
education al programs to elevate learning.
• Sound budgeting practice should conform to institutional goals.
• Vendor selection practice should be meticulous to ensure they
offer valid contracts and get value for their money.
• Its is important for the budget preparer to understand the
basics of school budgeting and help other budget influencers
understand financial accountability tied in budgeting.
References
• Aronson, R. J., & Schwartz, E. (2014). Cost-Benefit Analysis and the
Capital Budget. Management Policies in Local Government Finance,
133-154.
• Hope Creek Academy. (2020, August 28). Hope Creek Academy - A
private school for special needs. Retrieved August 27, 2020, from
https://hopecreekacademy.org/
• Mauskopf, J. A., Sullivan, S. D., Annemans, L., Caro, J., Mullins, C. D.,
Nuijten, M., ... & Trueman, P. (2017). Principles of good practice for
budget impact analysis: report of the ISPOR Task Force on good
research practices—budget impact analysis. Value in health, 10(5),
336-347.
• McCormick, M. (2016, November 11). What Should Be Included in a
Quotation? Retrieved August 27, 2020, from
https://blog.blackcurve.com/what-should-be-included-in-a-quotatio
n