How can a principal help ensure that the school budget remains balanced?

A principal can help ensure that the school budget remains balanced by reviewing debt and balance sheets. This proactive approach allows the principal to understand the financial situation of the school, including any existing liabilities and available resources. By thoroughly analyzing these financial documents, the principal can make informed decisions about funding allocations, prioritize expenditures, and develop strategies for managing debts and future financial obligations effectively.

This practice helps in identifying areas where spending can be optimized and where adjustments may be necessary to maintain financial stability. It also provides a clearer picture of the school’s long-term financial health, acting as a guiding framework for budget planning and resource allocation in the future. Penetrating into the specifics of the school's financial standing ultimately empowers the principal to foster an environment where educational resources are utilized effectively while also keeping within budgetary constraints.