Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Write a reply to The first interesting thing I learned from the reading is the lengthy process involved in approving the budget. It goes through

Write a reply to The first interesting thing I learned from the reading is the lengthy process involved in approving the budget. It goes through a legislative committee process, and they have the authority to allocate and authorize the expenditure. I also learned about the different types and names for the budget, such as the budget call, transmission letter, and the budget manual. I work for the school district, and we refer to it as budget development when we start working on the budget for the next school year. I always thought about the budget as just working for my school and the different programs that are provided, but I never realized all the laws and the different departments it goes through before everything is approved.The line item in the budget represents an object code to me. It provides a numerical code, similar to a program of numbers, that will allocate funds for the supplies being purchased. The performance budget is like a written statement explaining how the money will be spent, making it easier for the public to understand its purpose. The program budget consists of a government program code, meaning that the allocated funds will be specifically used for approved activities or supplies within the government. I prefer the performance budget because it involves more detailed writing and explanation of how each program's funds will be spent.First, I would assess the current year's expenses, such as salaries, general supplies, and instructional materials, to determine what needs to remain unchanged. Then, I would consider reducing spending on general supplies and instructional materials while ensuring that we retain enough personnel to effectively operate the school. I believe that the smooth running of a school is highly dependent on its staff, and any shortcomings in this area will ultimately affect the students. I would present the superintendent and the board with the option of allocating more funds to staff while reducing the budget for supplies. Additionally, I would compile a list of companies willing to donate supplies for the entire school year.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Survey of Accounting

Authors: Carl S Warren

5th Edition

9780538489737, 538749091, 538489731, 978-0538749091

More Books

Students also viewed these Accounting questions