The InnovatED Blog

The Thrill Ride of Budgeting!

Posted by Angi Beland on Mar 16, 2016 3:47:31 PM

It's that time of year again! It's time to take on the challenge of stretching every dollar you have in your budget to the unimaginable limit. It's time to become a mad scientist as you hypothesize and predict revenue. To me, the budgeting process in a school is a bit of a thrill ride. It's an invigorating challenge in making it all work, yet there is always this known risk that exists despite how many safety checks you do.

As you start your budgeting this year, I challenge you to crank up the thrill another notch and engage in a zero-based budgeting process. Zero-based budgeting starts with no history in mind. It's a budget that is built only on the expenses absolutely identified as critical for meeting outcomes. And, most uniquely, the entire team builds it, leading to greater understanding, buy-in and commitment to using resources to their greatest potential.

As you consider taking this challenge, here are a few positive outcomes to help convince you to stop watching and start riding!

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Topics: Budgeting, School Finance, Zero Based Budgeting

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