budget setting - from stagnant to strategic

overview

This course covers all aspects of school budgeting. It helps Principals and Presiding Members lead a strategic budget-setting process, moving from ‘risk avoidance’ to targeted, evidence-based budgeting resulting in ongoing improvement.

Content outline

Key topics addressed include:

• The budget cycle

• Setting the budgets

• Operating, Capital, and Cash Flow budgets – What is the focus of each?

• Moving from stagnant to strategic

• Drafting the budgets

• Developing a medium-term Capital Budget

• Reviewing working capital and EOY financial position

• Reviewing the budget

• Approving the budget – What are the Board’s responsibilities?

• Monitoring the budget

• Devolving budgets – Training for budget holders & expenditure controls

• Alternative funding sources

career stage target

Developing, beginning and aspiring Principals, both primary and secondary, and optionally their presiding Board member