Research school budgets and the budgeting process. It may be helpful to review the budget from your or another school district or another school district of interest. After completing your research, address the following: Identify those who should be involved in the school budgeting process. Describe the role and purpose of the school budget. Outline the major budget categories commonly found in school budgets. List at least five resources from which funding comes for school budgets. Distinguish how formula allocations differ from competitive grant dollars