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Practical Strategies for Applied Budgeting and Fiscal Administration

What Works for P-12 Administrators

Spencer C. Weiler and Gabriel R. Serna

This book takes an applied approach to budgeting and fiscal administration in P-12 public education. It presents new and aspiring P-12 educational leaders with the fundamental knowledge and skills to supervise, analyze, and implement budgets that make the best and most effective use of limited resources. By exploring the foundational elements of fiscal administration and outlining the process step-by-step, this text carefully takes leaders through real-world examples and includes myriad opportunities for application. Indeed, a major goal of this text is to provide readers with a set of technical skills that can be applied across a range of contexts. Our expectation is that current and future P-12 budget managers and educational leaders will find this text invaluable in their day-to-day work and that the material presented here will help them engage in fruitful decisions around the allocation of scare resources.
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Rowman & Littlefield Publishers / Association of School Business Officials post copub titles
Pages: 180 • Trim: 6½ x 9¼
978-1-4758-2564-0 • Hardback • July 2016 • $82.00 • (£63.00)
978-1-4758-2565-7 • Paperback • July 2016 • $42.00 • (£35.00)
Subjects: Education / Administration / Elementary & Secondary, Education / Finance, Education / Professional Development
Dr. Spencer C. Weiler is an associate professor of Educational Leadership and Policy Studies at the University of Northern Colorado. In addition to numerous publications (books, book chapters, and journal articles) in the area of school finance and budgeting, Dr. Weiler is honored to have worked 15 years in public education.

Dr. Gabriel R. Serna is an assistant professor in the School of Education at the Virginia Polytechnic Institute and State University. His research interests include higher education economics, finance and policy.
Table of Contents
Dedications
Foreword: TBD
Acknowledgments
Chapter 1: The Importance of Money In Public Education
Phase I: Foundations
Chapter 2: Getting to Know a Budget
Chapter 3: Anticipating Revenues and Expenditures
Chapter 4: Basics of Financial Ratio Analysis
Chapter 5: Forecasting, Accuracy, and Judgment
Phase II: Developing and Overseeing the Total Program
Chapter 6: The Budget Cycle
Chapter 7: Oversight and Budget Variance Analysis
Phase III: Capital Projects with and without Debt
Chapter 8: Capital Budgets without Debt
Chapter 9: Capital Budgeting and Debt
Phase IV: Linkage, Philosophy, and Conclusion
Chapter 10: Budget Alignment with Strategic Plan
Chapter 11: Conclusion
References
About the Authors
Practical Strategies for Applied Budgeting and Fiscal Administration is a state of the art resource for aspiring and developing administrators to understand fiscal budgeting in P-12 public education. Weiler and Serna provide a well-crafted applied text that is user-friendly and can directly inform the day-to-day work of school leaders.
— Oscar Jiménez-Castellanos, PhD, associate professor, Education Policy and Evaluation, Arizona State University


Drs. Weiler and Serna have created the perfect text for aspiring school leaders to learn about school finance in a practical and useful way. The text focuses on the day-to-day working knowledge a leader will need at the school level, specifically budgeting….This text is conducive to focusing a school finance course on material that can be implemented and practiced by students currently serving in the field, which meets a need expressed by students nationwide. I would highly recommend this text for all aspiring and current school leaders.
— Brittany Larkin, PhD, assistant professor, Educational Leadership, Auburn University


Written by scholars with practitioner experience, this book provides a combination of theory and practical applications worthy of current and future administrators facing an ever-evolving school finance framework. I highly recommend this book as one that recognizes long-term thinking while addressing immediate practical challenges.
— Thomas DeLuca, PhD, assistant professor, Educational Leadership and Policy Studies, University of Kansas


Drs. Weiler and Serna provide a practical guide to school and district level finance and budgeting—essential information for today's school leaders. The complexity of education finance and budgeting is described in straightforward language accessible even to people without a background in finance or budgeting. Whether you are a student, teacher, administrator, school board member, or parent who wants to better understand how schools are funded and how they operate, this book will provide you with an excellent introduction to P-12 finance and budgeting.
— Philip Westbrook, EdD, associate professor, Educational Leadership, University of Alabama


Practical Strategies for Applied Budgeting and Fiscal Administration

What Works for P-12 Administrators

Cover Image
Hardback
Paperback
Summary
Summary
  • This book takes an applied approach to budgeting and fiscal administration in P-12 public education. It presents new and aspiring P-12 educational leaders with the fundamental knowledge and skills to supervise, analyze, and implement budgets that make the best and most effective use of limited resources. By exploring the foundational elements of fiscal administration and outlining the process step-by-step, this text carefully takes leaders through real-world examples and includes myriad opportunities for application. Indeed, a major goal of this text is to provide readers with a set of technical skills that can be applied across a range of contexts. Our expectation is that current and future P-12 budget managers and educational leaders will find this text invaluable in their day-to-day work and that the material presented here will help them engage in fruitful decisions around the allocation of scare resources.
Details
Details
  • Rowman & Littlefield Publishers / Association of School Business Officials post copub titles
    Pages: 180 • Trim: 6½ x 9¼
    978-1-4758-2564-0 • Hardback • July 2016 • $82.00 • (£63.00)
    978-1-4758-2565-7 • Paperback • July 2016 • $42.00 • (£35.00)
    Subjects: Education / Administration / Elementary & Secondary, Education / Finance, Education / Professional Development
Author
Author
  • Dr. Spencer C. Weiler is an associate professor of Educational Leadership and Policy Studies at the University of Northern Colorado. In addition to numerous publications (books, book chapters, and journal articles) in the area of school finance and budgeting, Dr. Weiler is honored to have worked 15 years in public education.

    Dr. Gabriel R. Serna is an assistant professor in the School of Education at the Virginia Polytechnic Institute and State University. His research interests include higher education economics, finance and policy.
Table of Contents
Table of Contents
  • Table of Contents
    Dedications
    Foreword: TBD
    Acknowledgments
    Chapter 1: The Importance of Money In Public Education
    Phase I: Foundations
    Chapter 2: Getting to Know a Budget
    Chapter 3: Anticipating Revenues and Expenditures
    Chapter 4: Basics of Financial Ratio Analysis
    Chapter 5: Forecasting, Accuracy, and Judgment
    Phase II: Developing and Overseeing the Total Program
    Chapter 6: The Budget Cycle
    Chapter 7: Oversight and Budget Variance Analysis
    Phase III: Capital Projects with and without Debt
    Chapter 8: Capital Budgets without Debt
    Chapter 9: Capital Budgeting and Debt
    Phase IV: Linkage, Philosophy, and Conclusion
    Chapter 10: Budget Alignment with Strategic Plan
    Chapter 11: Conclusion
    References
    About the Authors
Reviews
Reviews
  • Practical Strategies for Applied Budgeting and Fiscal Administration is a state of the art resource for aspiring and developing administrators to understand fiscal budgeting in P-12 public education. Weiler and Serna provide a well-crafted applied text that is user-friendly and can directly inform the day-to-day work of school leaders.
    — Oscar Jiménez-Castellanos, PhD, associate professor, Education Policy and Evaluation, Arizona State University


    Drs. Weiler and Serna have created the perfect text for aspiring school leaders to learn about school finance in a practical and useful way. The text focuses on the day-to-day working knowledge a leader will need at the school level, specifically budgeting….This text is conducive to focusing a school finance course on material that can be implemented and practiced by students currently serving in the field, which meets a need expressed by students nationwide. I would highly recommend this text for all aspiring and current school leaders.
    — Brittany Larkin, PhD, assistant professor, Educational Leadership, Auburn University


    Written by scholars with practitioner experience, this book provides a combination of theory and practical applications worthy of current and future administrators facing an ever-evolving school finance framework. I highly recommend this book as one that recognizes long-term thinking while addressing immediate practical challenges.
    — Thomas DeLuca, PhD, assistant professor, Educational Leadership and Policy Studies, University of Kansas


    Drs. Weiler and Serna provide a practical guide to school and district level finance and budgeting—essential information for today's school leaders. The complexity of education finance and budgeting is described in straightforward language accessible even to people without a background in finance or budgeting. Whether you are a student, teacher, administrator, school board member, or parent who wants to better understand how schools are funded and how they operate, this book will provide you with an excellent introduction to P-12 finance and budgeting.
    — Philip Westbrook, EdD, associate professor, Educational Leadership, University of Alabama


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