Efficient Budgeting Strategies for Classroom and Staffing Management

1. Managing your Money

2. Salaries Benefits Classroom supplies Operations & Maintenance Rental(s) Utilities Telephone Advertising Publications Equipment Professional development Central office support IT Services Other? BUDGETING

3. Classroom supplies/equipment • Testing materials • Texts / workbooks • Research materials • Instructional materials • Computers • Software • Other

4. OVERHEAD • Rent • Utilities • Plowing • Lawn care • Taxes • Daily maintenance • IT Support • Other internal transfers

5. Staff • Salaries • Annual increases, some according to contract • Annualize hourly expenses • Benefits • FICA • Workmen’s Comp • Unemployment Insurance • Retirement Accounts • Health & Dental Insurance • Retiree health insurance • Compensated absences

6. STAFFING • Instructors • Aides • Case Managers • Support Staff • Administrators • Central Office • Other

7. Your partner in financial success—the Business Office! • Who is your contact? • What does the Business Office need? • Remember AUDITS • What do you need? • Required reports • Useful reports • Regular updates and meetings FS-10

8. Providing the best service for the money--- Be sure you know • eligibility requirements • allowable expenditures • reporting requirements • correct forms for funding streams

9. Things to consider: • Blending customers • Blending funding streams • Collaborations as a way to serve customers and stretch the dollars • Providing fee for service programs • Allocating resources • i.e. multiple funding streams supporting salaries • Time / effort logs • Federal requirements—EDGAR http://www.ed.gov/policy/fund/reg/edgarReg/edgar.html

10. Self Review Form Track your progress Make program improvements Leadership Excellence Academy training Adult Literacy Education Core Curriculum training Use RAEN’s as resource Adult Literacy Compliance Self Review Form