Developing a school budget is at once an analytical and creative process.
You use analytical skills to estimate total revenues, including per-pupil allocations, special education funding, state and federal dollars, and other private or public support.
Innovative school models must use resources in unconventional ways.
Consider how flexible each of those sources will permit you to be, and where you might be able to seek waivers.
Agility and diversity are more important than ever.
FACT: Student demographics and the workplace of the future are changing rapidly.
How will you build a financial model that makes the most of available resources so that you can keep the focus on your students?
Once you have a design you believe in, it’s time to bring all your great ideas to life. Map out a formidable plan for turning your school school idea into reality. For more information and inspiration to reimagine what a school should be, download the full module.
What is the current school finance situation in the community you wish to serve? What funding streams for youth and education are available to you? How flexible are they, and what rules and constraints do you need to be aware of? What is the total cost of implementing your school model? How will you use resources creatively to fulfill your mission? How do you expect to use money strategically during the development year prior to opening your school? How about for the first five years of operations? How will you ensure that your school is financially sustainable? What funds—beyond per-pupil allocations—do you anticipate needing over the long term? How will you secure them? Who has the financial expertise to make your innovations real? Are they willing to help or be a part of your team?
Thoughtful budgetary planning will allow your vision to flourish. High school budgets are detailed and complex. A creative approach to budgeting makes room for new student learning opportunities. School budgeting is a science and an art. How can you be both creative and precise?