Ead 510 Benchmark Budget Defense Keisha Thompson

BUDGET DEFENSE
Keisha Thompson
Grand Canyon University
EAD 510-0500 Education Finance
Dr. Sonja Rice
August 23, 2023
STRATEGIC PLANNING PROCESSES USED TO CREATE
THE BUDGET
• Define Educational goals and objectives.

• Gather stakeholder input.
• Conduct SWOT analysis.
• Develop a strategic plan.
• Establish budget priorities.
BUDGET DEVELOPMENT PROCESSES USED TO
CREATE THE BUDGET
• Form a budget committee.

• Review historical data.
• Estimate revenue sources.
• Allocate funds to strategic priorities.
• Create line-item budgets.
• Incorporate flexibility.
• Review and revise.
• Seek feedback.
• Monitor and evaluate.
BUDGET CHANGES
• Budget 2021 – 2022 $4,500,000
• Budget 2022 – 2023 $3,500,000
• Decrease of 12%
• District is asking for a 10% cut of budget.
BUDGET COMPONENTS
Total Budget 2022-2023
State Fund City Fund

BUDGET COMPONENTS
CONT’D
Breakdown of Budget
Personnel Instructional Resources Student Services

Administrative Costs Miscellaneous
REVISED BUDGET
Adjustment of budget showing a 10% decrease.
Category Amount Adjusted Savings (10%)

Allocated Amount
Miscellaneous 70,000 30,000 40,000
Administrative 550,000 350,000 200,000

Costs
Instructional 580,000 470,000 110,000

Resources
Total decrease by 10% = $350,000

JUSTIFICATIONS OF EXPENDITURES
• Personnel- The quality of education is directly impacted by the attraction and

retention of talented teachers, which is made possible by providing competitive
salaries.
• Administrative Costs- For the school to run smoothly, to comply with rules, and
to plan strategically, efficient administrative tasks are essential.
• Student Services- Investing in student services, schools can provide a more
comprehensive education while also meeting the physical and emotional needs
of their pupils.
• Instructional Resources- This category aids in the delivery of the curriculum and
the encouragement of student achievement.
• Miscellaneous- To deal with unforeseen expenses, it is essential to have a
reserve category. It guarantees the school's financial security and emergency
preparedness.
RELEASING ONE SCIENCE TEACHER
• Due to low enrollment, there is a budget cut which will

result in the release of a science teacher. The monies gained
from this will assist the school in meeting its financial
obligations and pursuing its vision and purpose.
CONTINUAL AND SUSTAINABLE SCHOOL
IMPROVEMENT
• Alignment with Vision/Mission of the school.

• Data driven decision making.
• Stakeholder engagement.
• Equity centered approach.
• Continuous Professional Development.
• Curriculum Review and Enhancement.
• Student-Centered Learning.
• Inclusive Leadership and Decision-Making.
• Equity audits and assessments.
• Community partnerships.
• Monitoring and evaluation.
• Transparency and accountability.
HUMAN RESOURCES
• Equitable staffing
• Professional development.
• Collaborative teams.
• Parent and community engagement
• Mentoring and support.
• Data analysis teams
FISCAL RESOURCES
• Needs based budgeting
• Transparency
• Grant funds
• Resource allocation model
• Monitoring and accountability.
TECHNOLOGICAL RESOURCES
• Digital equity
• Education technology integration
• Data management
• Cybersecurity and privacy
MOBILIZATION OF DIVERSE COMMUNITY
RESOURCES
Mobilizing diverse community resources to support areas that have

been cut is a strategic way to keep vital programs and services running.
The plan can propose the mobilization of these resources by:
 Identifying areas affected by cuts.
 Engaging stakeholders
 Assessing community resource
 Volunteer programs
 Community events and partnerships
 In-kind donations
ADVOCATES FOR STUDENT NEEDS
An essential component of any plan is advocating for the needs of the

students. A dedication to fairness, inclusivity, and student-centered
decision-making should be evident in the plan. It ought to be adaptable,
cognizant of changing needs, and supported by data-driven decision-
making processes. Overall, the plan ought to be a tool for making sure
every student has the chance to flourish in their academic career and
achieve academic success.
Students will:
• meet standards and achieve goals with the help of intervention
programs, materials, and supplies.
• participate in a variety of learning activities based on the most recent
best practices.
The plan should adhere to all laws and policies regarding all students
and their unique learning needs.
CURRENT POLITICAL INITIATIVES
AND EMERGING TRENDS
• A plan can help a school or district stay relevant, continue to offer

high-quality instruction, and adjust to the changing requirements of
students and the community at large by actively responding to current
political initiatives and developing trends. In order to enhance
students' achievement, this responsiveness contributes to ensuring that
educational resources (such as technology) are utilized effectively and
efficiently.
MONITORING AND EVALUATING THE
IMPLEMENTATION OF THE PLAN
Monitoring and evaluating the implementation of the budget plan, as well as the
overall school management and operational systems is essential to guaranteeing
that resources are utilized efficiently, and that the institution is accomplishing its
objectives. This can be done by:
Establishing Clear Objectives.
Align with School Mission and Vision
Data Collection and Documentation.
Regular Review Meetings.
Budget Monitoring
Academic Performance Analysis
Staff Feedback and Satisfaction
Stakeholder Surveys
Continuous Improvement
Data-Driven Decision-Making
Transparency and Communication
REFERENCES
ISTE (2023). ISTE Standards: Education Leaders. Retrieved from:

https://www.iste.org/standards/iste-standards-for-education-leaders
OECD (2017). The Funding of School Education: Connecting

Resources and Learning, OECD Publishing, Paris.
Sorenson, R. D., & Goldsmith, L. M. (2018). The principal’s guide to

school budgeting (3rd ed.). Thousand Oaks, CA: Corwin. ISBN-13:
9781506389455

Ead 510 Benchmark Budget Defense Keisha Thompson

Uploaded by

Copyright:

Available Formats

Ead 510 Benchmark Budget Defense Keisha Thompson

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Ead 510 Benchmark Budget Defense Keisha Thompson

Uploaded by

Copyright:

Available Formats

BUDGET DEFENSE

• Define Educational goals and objectives.

• Form a budget committee.

State Fund City Fund

Personnel Instructional Resources Student Services

Category Amount Adjusted Savings (10%)

Miscellaneous 70,000 30,000 40,000

Administrative 550,000 350,000 200,000

Instructional 580,000 470,000 110,000

Total decrease by 10% = $350,000

• Personnel- The quality of education is directly impacted by the attraction and

• Due to low enrollment, there is a budget cut which will

• Alignment with Vision/Mission of the school.

Mobilizing diverse community resources to support areas that have

An essential component of any plan is advocating for the needs of the

• A plan can help a school or district stay relevant, continue to offer

ISTE (2023). ISTE Standards: Education Leaders. Retrieved from:

OECD (2017). The Funding of School Education: Connecting

Sorenson, R. D., & Goldsmith, L. M. (2018). The principal’s guide to

You might also like