Budget process

1. List the types of funds used within your school district.  Which fund is largest?  List an example of a revenueand an expense associated with each fund.

The types of funds around the school are internal services, debt services, trust funds, special funds, and capital projects. Considering the named types of funds, the largest in terms of both expenditure and revenue is the capital projects funds (Borman and Dorn, 2007). The type of income for the capital projects is the government which funds the school with the aim of developing the school according to the required and demanded standards. The major expense for the capital project funds is capital (equipment) as per using the code word for the same funds. The expenses include the use of the funds to purchase equipments that are to generate a good working environment for all.  

2. Identify the Fund, Function,andObject for the following

Fund	Function	Object	Description
Internal services	General support services	salaries	A $2,000 computer to be used by the school principal to monitor school attendance.
Capital projects	Instructional support	Other expenses	An overhead project to be used in a wood shop class.
Internal services	General support services	Salaries	A $75 word processing program for the school psychologist’s laptop computer to help with generating reports.
Special revenue	General support services	Contacted services/purchased	A contract with a provider of occupational/physical therapy services for special education students.
Capital projects	Instruction	Energy costs	The cost of electricity used by then school’s cafeteria.
Capital projects	Instructional support	capital	A $3,000 laptop computer for a construction foreman.
Special revenue	Special education	Other expenses	The cost of a study console furniture for special education students purchased from the individuals with disabilities education act (IDEA) entitlement grant ($500).

 

Resource allocation in a district school in Florida takes a certain procedure and also certain considerations before allocating any teacher, help services, instructional services, and also the aides provided. For the instructional services or materials, the school takes into consideration the type of services upfront to be offered by the said instructional services (Harrison et al., 2016). The school determines by how much the service worth is compared to the school population thereby using the difference to allocate the instructional services. The instructional services are submitted to allow for the evaluation and adoption of the services at hand.

The Florida law allows the district schools heads to have the information on how the disbursement of the resources will be done through the Florida Instruction and Instructional services site where the various criteria are stipulated (Peterson, 2013). The district schools are allocated more teachers and also the aides through determining the number if students per school to allow the highest school in terms of accommodation is awarded the first priority thereby teacher’s allocation becomes an easy task to accomplish. The percentage of students and the resources available also help in determining the number of instructional services to get as a limit.

3. Employer incurred cost

Employer incurred costs on variable benefits and fixed benefits vary much on the rule of law since much of the incurred cost is what is per the government regulations. The types of fixed benefits mainly from having employer portion benefit on medical care and social security taxes where a certain figure is deducted from the employee salary to increase the funds that will be awarded to the school (Borman and Dorn, 2007). Taxing is one formal method of increasing the revenue for which it will be used in allocating resources to the right channels. School administration benefits from fixed costs such as a timely increase on a salary and also sitting benefits from the fixed costs. The variable costs such as hiring and layoffs also accrue in increasing the variable benefits.

Annual average salary and benefits for a classroom teacher in a district in Florida is $48,417 where the benefits include a reputable bonus, healthcare, the base salary, and a pension. For an elementary principal, the salary is $53,375 and the benefits are a pension, the bonus, and healthcare cover (Peterson, 2013). Guidance counselor receives a salary of $43,000 and the benefits mostly involve a pension. A school secretary receives a basic of $35, 124 and the benefits include a time off and a pension. A Six-hour classroom aide individual receives a salary of $20,752 and the benefits include but not limited to pension and bonuses.

 

 

References

Borman, K. M., & Dorn, S. (2007). Education reform in Florida: Diversity and equity in public   policy. Albany: State University of New York Press.

Harrison, W. T., Horngren, C. T., & Thomas, C. W. (2016). Financial accounting.

            Peterson, P. E. (2013). The global debt crisis: Haunting U.S. and European federalism.