As anyone working in education will know, there’s budgeting and then there’s school budgeting. With such high stakes, having an effective strategy can make all the difference.
Balancing the books at school is no simple thing. Budgets are sprawling, slippery things that can leave even the most seasoned financial minds in despair. Since the spending review in October 2021, costs have risen and funding has been squeezed - making financial planning even more challenging.
In a sentence, by becoming a strategic budgeter. But how does this happen? Well, the more senior you become at your school the more likely you are to be asked to monitor finances, which makes it crucial to nail the basics from the beginning. 2022 has already shown us that external factors can have a huge impact on budgets. While preparation is key, there are some things that cannot be predicted. A strategic budgeter takes a controlled and considered approach to finances, to keep things in the black