In a time of financial hard ships, balancing a districts budget has become increasingly difficult. As a school board member for the Peoria School district it is important and crucial to effective budget decision making to be educated on the school districts budget design and delegated responsibilities within the system. These decisions need to be made based on the protection of public funds and property. “The legal responsibility for such protection rests solely with the board of education in each school district” (Brimley, Verstengen, Garfield, 2012, pg. 332). Areas vital to this effective decision making of a board member are account practices, superintendent and board member responsibilities for a building budget, key terminology, how the funds are budgeted and coordinated, district budget timelines, enrollment projections and how they are calculated, and the possible considerations of staff requisitions. Every decision of a board member is of the upmost importance when balancing a district’s budget in 2014.
Accounting practices of a building budget are called GAAP; general accepted accounting principles (Brimley, Verstengen, Garfield, 2012). These practices are adopted by all school agencies in order to spend revenue the most effective and efficient way. Another goal is to make the money go as far as possible, therefore it is important to have a committee, team, and well researched established plan. “Schools can not achieve their instructional goals without the wise expenditure of public funds” (Brimley, Verstengen, Garfield, 2012, pg. 304). The principles include accuracy, completeness and timeline, simplicity, and uniformity of the accounting system (Brimley, Verstengen, Garfield, 2012). In every district there are variations that appear in every accounting system. These procedures are guided through the state and federal government but established and approved through district school administration and district school board. “The Financial Accounting for Local and State Systems handbook ha long been a financial reporting guide with various editions spanning more than 60 yeas.” (Brimley, Verstengen, Garfield, 2012, pg. 306). The important part of any accounting practices is that they are uniform, well planned and researched, and using the fund in the most efficient, effective way.
Superintendent and School Board’s Responsibilities
“The superintendent, by law in some states and by assignment in others, is the executive officer charged with carrying out the programs that the budget authorizes” (Brimley, Verstengen, Garfield, 2012, pg. 284). Some of these responsibilities are delegated within the business staff and district administrators. “The school boards responsibility for operating schools carries with it stated and implied powers for the protection of public funds and property” (Brimley, Verstengen, Garfield, 2012, pg. 332). The board will be presented the budget upon completion and their job is to approve the...