School Budget



School Budget Break Down

Maintenance and Operations Budget

Soft Capital Budget

Item

Estimated Percent of the Budget

Item

Estimated Percent of the Budget

Salaries

80%

Athletic Equipment

0

Administrative Salaries

Included with salaries

Text Book Adoptions

0

Support Staff Salaries

2%

Technology Equipment

2%

Core Teacher Salaries

Included w/salaries

Furniture and Desks

0

Elective Teacher Salaries

Included w/salaries

Instructional Equipment

Provided by district

PE Equipment

0

Extra Duty Stipends

2%

Athletic Coaches Stipends

3%

Instructional Supplies

3%

Consumable Supplies

3%

Professional Development

3%

Purchased Services

2%

Athletic Dues and Fees

0

Sources of Funds

Bonds

School bonds are instruments that are issued to satisfy the capital needs to the educational institution. They are also used to buy new equipment, classroom, buildings, sports fields, swimming pools, playing grounds etc. Yet, bonds can also be used for other purposes (Berlatsky, 2011). The properties of these bonds are same as that of bonds in the financial market. The only difference lies that they are issued for capital needs of the school.

Federal grants

Federal Grants are provided by the federal governments to schools for improving the level of education. Specific reasons may vary for providing grants; they may be provided for classroom materials, school supplies, new text book, computer facilities for students and other facilities that will help students. These grants are provided on the basis of need and may vary for different schools (Berlatsky, 2011).

State grants

State Grants are provided by the state authorities relating to the area of education. These grants may be provided through state legislation programs or through federal flow of funds (Casey, 1964). There are numerous reasons for which funds may be provided by the state education agency (SEA).

Title money

Title Money refers to the Title I of the Elementary and Secondary Education Act which aims at providing financial aid to the educational agencies that are there to help the student that are deprived (Ehrenberg, 2002). The motive behind the title is to offer the unprivileged students with instructional requirements and quality education. It also goes beyond the regular classes and provides additional educational assistance to the students.

Overrides

Overrides refer to a kind of funding provided to the school for varying needs. Override capital elections are held for different reasons; to buy new technology, specific equipments or other expenses relating to maintenance and operations of the school.

Extracurricular fees

It refers to extra charges or fees from students for activities that are not related to academic but are a significant part of child development. Such fees are taken for specific events, sports, carnivals, picnic and others. Educational institute need such funds to finance the extracurricular activities of children.

Tax credits

Tax advantages are given to education institutes since they are working for the developments of the students and such are categorized as nonprofit organizations.

Other

Apart from the ones discussed above, there can be other options to raise capital as well such as personal equity, trusts, and others.

Maintenance and Operations Budget

Such kind of budget is sourced by state on a per-student basis from primary property tax; bonds are levies voted on by the community and paid for through a secondary property tax. As outlined in the above table, the budget is used to pay salaries or purchase of consumable instructional supplies (Wiseman, ...