Which financial document outlines a school’s projected revenues and expenditures?

The school budget is the financial document that outlines a school’s projected revenues and expenditures. It serves as a financial plan for the school and details how resources will be allocated to meet educational goals and objectives over a specific period, typically a fiscal year. The budget includes various categories of income, such as local, state, and federal funding, as well as expenditures on personnel, materials, facilities, and various programs.

The budget is crucial for effective financial management within a school, as it helps administrators plan for the upcoming year and ensure that funds are available for necessary programs and services. It is often drafted with input from various stakeholders, including educators, administrators, and the community, to reflect priorities and needs. By closely monitoring the budget throughout the year, administrators can make informed adjustments to resources and operations based on actual revenue and expenditure trends.

Other financial documents, such as an annual audit report, are retrospective and evaluate past financial performance rather than project future financial activity. A curriculum guide focuses on educational content and standards rather than financial management. Similarly, a staffing plan deals specifically with human resources and does not encompass the overall financial picture of revenues and expenditures.