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4 Tips On Managing A School Budget For The 2017 School Year

Gerard Higgins |   March 1, 2017 at 8:00 AM

4 Tips On Managing A School Budget For The 2017 School Year

A new year means new possibilities. Not only is it a good time to make plans for the future but it’s also an opportunity to learn from the past. When it comes to managing a school budget, there’s no better time than the new year to relook at your spending habits and to come up with creative ways to get the most out of your money. Whether you’re trying to keep better tabs on your personal spending or you’re monitoring the financial responsibilities of a business, developing a comprehensive budget is the best way to guarantee that you never fall short.  

As the business manager of a school, it’s your responsibility to ensure that the budget is allocated so that the school can honour its responsibilities and achieve desired outcomes. This makes it especially important to allocate funds in the school budget to things like property upgrades or special events at the start of the new school year.

If you’re keen to rethink your school’s spending in 2017, this blog post provides a few helpful budgeting tips that will aid your financial planning efforts.

Don’t be intimidated, it all starts with a single step

Developing a budget for such a sizable property can be daunting. But as is the case with any big task, the key is to start small and break the job down into manageable chunks. For example, if you start by looking at the school from the perspective of a single student, you’ll be able to come up with a pretty reliable estimate of each student’s cost to the school. Chatting to school teachers can also prove helpful, as they’ll know where resources may be lacking.

Here are a few questions you may want to ask teachers:

  • What do you need to make your lessons a success?
  • Are there any problems with the classrooms and facilities at the school?
  • Do you need any extra resources to boost the learning environment?
  • Do you have any excursions in mind for the coming year? If so, what are the estimated costs of these excursions?

Take a moment to consider any additional costs that you may not have thought about

Ultimately, the central role of a school is to educate students. As such, student needs should always be the focus of any discussion around a school budget. When thinking about unforeseen expenses, it’s important to think about the costs of providing students with additional support, should they require it. This includes everything from guidance and counselling to healthcare services, appraisal services and, in some cases, speech pathology and audiology services.

Don’t forget about the cost of contract workers

At most schools there are a number of people quietly working behind the scenes to make sure that the grass is cut, the property is tidy or that everything is secure. Payment of these contract labourers must be included in any annual school budget. On top of this, the school will probably have to call in the professionals when it comes to handling the general maintenance of the school property. When hiring contractors to handle regular maintenance, be sure to choose a contractor that is efficient, effective and offers good value for money.

At Higgins, we know how important it is for you to partner with the right contractor. We offer all the building maintenance services you need at an affordable cost and with as little disruption to the teachers and students as possible. If you need some extra help with your budgeting efforts, we’ve created a helpful budgeting template that school business managers can use to plan the upcoming year. Download it here.

School Budgeting Template

Higgins Coatings provides Australia and New Zealand's schools with building maintenance plans, commercial painting, and refurbishment services in select areas. We understand that school facilities need to make a good impression on parents, students, and alumni at all times. Our preventative maintenance plans are designed to keep your school or educational facility looking its best while working within your timing, budget, and safety requirements. Higgins has an ISO tri-certification accreditation in safety, quality and the environment. Contact us today to learn more about our school painting maintenance solutions.