LEADERSHIP IN EDUCATION

BUSINESS MANAGEMENT
IN RELATION TO
EDUCATION SETTINGS
CLARIZZA A. DE GUZMAN
 Business Management in relation to School
Setting

 Business management is applied in school settings as

it involves leading in the organization of plans and
goals, controlling and directing as to how these goals
will be attained using available resources. The school
head is the business manager and one crucial
responsibility that he has is orienting his subordinates
about the usage of fiscal resources. This includes
planning on how to spend funds efficiently,
procurement of goods and services, records keeping
for audits and submitting reports to higher
authorities.
 Business Management in relation to
School Setting

 Business management is also applied in

schools in terms of involving teachers and staff
with trainings and seminars for development.
Ensuring the end-users
(learners) health and safety, school
building maintenance and providing
a systematic administrative processes
are key responsibilities of a school
manager.
 HOW TO MAKE A BUDGET PLAN
WITH PROPER ALLOCATION

BUDGETING: Budgeting sets out specific actions

for the implementation of plans, programs and
projects by determining the level of resources
needed to achieve specific plan objectives and
setting out yearly allocations within the overall
availability of annual revenue, while setting out
performance criteria and control measures. The
implication is that a budget is a plan, though it has
been noted that not all plans are budgets because a
budget is a special type of plan that bears credence
on money, (Alcinsolu, 2008).
 HOW TO MAKE A BUDGET PLAN
WITH PROPER ALLOCATION

a Morphet, Johns and Reller (1974) sees a school

budget as an aggregate of educational plans with an
estimate of the receipts and expenditure necessary
to finance the services and facilities required to
provide the desired educational programs.
Educational budgeting entails planning
conscientiously on how to handle monetary plan or
the effective complementation of all educational
activities/programs (Akinsolu 2008).
 HOW TO MAKE A BUDGET PLAN WITH
PROPER ALLOCATION
A. SCHOOL BUDGET PREPARATION

THE BUDGETING PROCESS

 Budgeting process demands that educational
managers and planners should adopt a structural
model for effective planning and control since
budgeting is part of the structured business
model of planning and control (Akinsolu, 2008).
 Educational budgeting process tends to ensure a
given level of output or sales and attempts to
determine an appropriate level of spending.
 HOW TO MAKE A BUDGET PLAN WITH
PROPER ALLOCATION
A. SCHOOL BUDGET PREPARATION

 Study carefully educational needs of the school and

making estimate of the revenue necessary to meet
these needs,
 Identify and list activities you want to be carried out in
your school within the year, plan for the resources that
will be required and the possible sources of revenue to
implement the educational programs agreed upon,
 Give an estimated cost of each of these resources,
 Study the budgeting guidelines issued by government
and explain how you are supposed to present the
budget.
 HOW TO MAKE A BUDGET PLAN WITH
PROPER ALLOCATION
A. SCHOOL BUDGET PREPARATION

Furthermore, Lacey (1989) and Adeogun (2004)

noted that budgeting decision making process takes
the steps of;
 Determination of overall levels of spending;
 Allocation
of estimated available resources
among sectors;
 Responses to budget circular;
 Preparation of draft budget document;
 Approval of draft budget;
 HOW TO MAKE A BUDGET PLAN WITH
PROPER ALLOCATION
A. SCHOOL BUDGET PREPARATION

 Preparation of final budget;

 Consideration by the legislature (or similar body);
 Release of fund;
 Implementation of capital expenditure;
 Procurement;
 Monitoring and evaluation;
 Cash management
When these steps are properly considered, then the budgetary
process would be found to be most effective in promoting the
development of adequate educational programs.
 HOW TO MAKE A BUDGET PLAN WITH
PROPER ALLOCATION
B. COMPARISON OF PRIVATE AND PUBLIC SCHOOL BUDGET PLAN

A private school is autonomous and

generates its own funding through
various sources like student tuition,
private grants and endowments.
A public school is government funded
and all students attend free of cost.