Budget Analysis

Resource Allocation Project

Part I -Introduction

The formal education success of any institution depends on many factors The matrix of these factors and how they are balanced determines the effectiveness of the school in achieving excellence in all spheres of student development . Amongst the very important issues include staffing , infrastructure and academic resource materials among others It is without doubt that all the above factors among others not mentioned all depend on the availability of financial resources . On this note , it may not be possible to possess all finances a school

requires thus the issue of budgeting comes in . Fiscal skills in allocating whatever an institution has at its disposal are vital aspects in achieving the goal of the institution

Columbia Secondary School for Math , Science Engineering (CSSMS E ) as a school has set all standards of a successful school . The school is only two years old after being opened in the fall of 2007 . This makes it a young school although it has demonstrated enough resilience in organization and setting institution culture . The standard in the spreadsheets of the school shows that the fiscal operations lay in the hands of the principal . The principal plays a pivotal role in the budget of the institution . However , in other schools , the building level administrators have a great control on the budgeting and the spending of the school . Among other reasons , when the level building administrators play a key role in budgeting there are some benefits . Firstly , the principal 's time is...