Practical Strategies for Applied Budgeting and Fiscal Administration
Professors Spencer Weiler and Gabriel Serna have prepared a very useful and informative resource for those who are entrusted with administering funds allocated to finance public elementary and secondary schools. Both experienced professionals and those developing skills necessary to successfully manage the fiscal resources provided to sustain the American common schools will find this work to be a...
Spencer C. Weiler
Rowman & Littlefield
558
Practical Strategies for Applied Budgeting and Fiscal Administration
We wish to express our appreciation to a number of people who have helped out immensely as this book slowly morphed from an idea to a reality. Luke Cornelius and Carlee Escue-Simon were instrumental in initiating this project and provided the original vision for the niche the book might be able to fill. In addition, we would like to thank the HESA...
Spencer C. Weiler
Rowman & Littlefield
239
Practical Strategies for Applied Budgeting and Fiscal Administration
~In 1972 Liza Minelli and Joel Grey, in the movie Cabaret, popularized the familiar maxim “Money makes the world go round.” This statement is particularly true in public education. The purpose of this book is to help aspiring P-12 budget managers appreciate the importance of money in the daily governance process of public...
Spencer C. Weiler
Rowman & Littlefield
2,672
Practical Strategies for Applied Budgeting and Fiscal Administration
The first phase of this book will focus on the foundational knowledge an aspiring P-12 budget manager and educational leader must possess in order to effectively oversee public funds. Specifically, the reader will first explore revenues, where these dollars come from, and how funds are distributed from the state to the school district to the local school. In addition, the reader will learn about...
Spencer C. Weiler
Rowman & Littlefield
201
Practical Strategies for Applied Budgeting and Fiscal Administration
~Yukl (2002, p. 2) observed that “most definitions of leadership reflect the assumption that it involves a process whereby intentional influence is exerted by one person over other people to guide, structure, and facilitate activities and relationships in a group or an organization.” Leadership skills are essential for an educational...
Spencer C. Weiler
Rowman & Littlefield
5,587
Illustrations in this section
Practical Strategies for Applied Budgeting and Fiscal Administration
~In educational contexts, for those charged with overseeing budgets on a day-to-day basis, understanding the basics of revenue structure and generation is of central concern. Budget managers and planners at schools and school districts must recognize the value of both anticipating revenues and revenue volatility.
Spencer C. Weiler
Rowman & Littlefield
7,880
Illustrations in this section
Practical Strategies for Applied Budgeting and Fiscal Administration
~The foundational elements of financial ratios and how to use them are the main foci of this chapter. A ratio, by definition, is a quantifiable way of representing the relationship between two measurements. In the fiscal administration of schools and school districts, ratios can provide much needed information and evidence about the financial...
Spencer C. Weiler
Rowman & Littlefield
5,315
Practical Strategies for Applied Budgeting and Fiscal Administration
~With the foundational knowledge discussed in phase I, the aspiring P-12 budget manager is now prepared to explore concepts related to developing and overseeing the school district’s total...
Spencer C. Weiler
Rowman & Littlefield
165
Practical Strategies for Applied Budgeting and Fiscal Administration
~Managing budgets is relentless work. There are previous budgets to close as well as current budgets to oversee and, as if that was not enough, future budgets requiring development and adoption. Effective P-12 budget managers understand and utilize the budget cycle to help them in the development and adoption of future budgets for public...
Spencer C. Weiler
Rowman & Littlefield
2,912
Illustrations in this section
Practical Strategies for Applied Budgeting and Fiscal Administration
~In this phase of the book, we present some important budget components and considerations beyond those that have already been discussed. Specifically, we are interested in providing readers with an overview of the capital budgeting process (both with and without debt), the basics of time value...
Spencer C. Weiler
Rowman & Littlefield
231
Practical Strategies for Applied Budgeting and Fiscal Administration
~School and school district officials often face capital budgeting choices that require more funds than available either in reserves or as surpluses to the total program. This requires school district officials to carry debt in the form of bonds, typically, to complete these types of expensive capital projects. To help those individuals new to...
Spencer C. Weiler
Rowman & Littlefield
4,177
Illustrations in this section
Practical Strategies for Applied Budgeting and Fiscal Administration
~The focus of the final phase is alignment. The aspiring P-12 budget manager must realize that spending decisions should align with the organization’s mission, vision, goals, and strategic plan. In addition, aspiring P-12 budget managers must recognize the repercussions if spending patterns do not align with the stated values of the...
Spencer C. Weiler
Rowman & Littlefield
165
Practical Strategies for Applied Budgeting and Fiscal Administration
~There is a saying related to budgets that holds a multitude of implications for those charged with overseeing P-12 funds. “Don’t tell me what you value, show me your budget and I will tell you what you value.” P-12 budget managers should be cognizant of the fact that spending patterns directly influence and, in some...
Spencer C. Weiler
Rowman & Littlefield
3,616
Practical Strategies for Applied Budgeting and Fiscal Administration
~At the beginning of this book we introduced the idea that money is central to all that is done in public education. Then, in an effort to better illustrate the importance of proper fiscal management, we divided the discussion embedded throughout this book into four different phases. The focus of the first phase was the foundational knowledge...
Spencer C. Weiler
Rowman & Littlefield
1,487
Practical Strategies for Applied Budgeting and Fiscal Administration
Spencer C. Weiler
Rowman & Littlefield
1,910
Practical Strategies for Applied Budgeting and Fiscal Administration
~Spencer C. Weiler, PhD, worked in public education as both a history teacher and an assistant principal in Utah and Virginia for 15 years. After completing his doctoral studies at Virginia Tech with an emphasis on school finance and school law, Dr. Weiler came to the University of Northern...
Spencer C. Weiler
Rowman & Littlefield
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List of illustrations