Financial Health of Bridgeport Board of Education Analytical Essay by Nicky
A financial analysis of the Bridgeport Board of Education.
# 151578 | 1,324 words | 5 sources | APA | 2012 |
Published on Jun 26, 2012 in Business (Finance, Investment and Banking)
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The paper finds that there is little reason for concern for the financial health of the Bridgeport Board of Education since although the organization is occasionally subject to surprise expenditures and lacks total control over its budget, it benefits from that lack of control in that it shares responsibilities for budget failures. The paper explains that even if the Board loses money, its backers will pick up the tab. The paper points out that more important to the Board is its ability to meet the needs of its shareholders in the performance of the students; the Board therefore does not need to focus too acutely on financial matters.
From the Paper:"The organization's approach to creating shareholder value is to spend its money on the programs that deliver on its strategic objectives. These include graduating students at a college-ready level, reducing the dropout rate to zero, students meeting attendance requirements and students scoring above state requirements on standardized tests (Bridgeport Public Schools Budget Request 2009-2010). The shareholders can be viewed, in light the agency's financing arrangements, to be the taxpayers of Connecticut and of Bridgeport. As such, delivering value means following through on the above mission. This involves careful use of limited resources on programs that have been demonstrated to work. It also involves building an education system strong enough to facilitate the academic objectives and encourage kids to stay in school. It also involves building out school capacity such that class sizes are limited, and utilizing different educational techniques to reach out to different types of students and encourage them to fulfill their obligations in a wide range of academic disciplines (Ibid).
"One IT project that can be used to help create value in the organization is to build out a virtual textbook program. E-textbooks are substantially cheaper than their paper counterparts (Rickman et al, 2009). The board currently spends $701,135 on textbooks. Virtual textbooks are available from many publishers, and expanding their use would allow the school board to provide books, and more up-to-date books, to more students for less money."
Sample of Sources Used:
- Bridgeport Public Schools Budget Request 2009-2010.
- Bridgeport Board of Education website, various pages. (2009). Retrieved November 12, 2009 from http://www.bridgeportedu.net/
- Lambeck, L. (2009). Bridgeport schools face health insurance funding gap. Connecticut Post. Retrieved November 12, 2009 from http://www.allbusiness.com/education-training/education-administration-school-boards/13333032-1.html
- Brewer, R. (2008). Bridgeport school funding dilemma: No easy solutions. 06106. Retrieved November 12, 2009 from http://06106blog.org/2008/03/07/bridgeport-school-funding-dilemma-no-easy-solutions/
- Rickman, J.; vol Holzen, R.; Klute, P. & Tobin, T. (2009). A campus-wide e-textbook initiative. Educause Quarterly. Retrieved November 12, 2009 from http://www.educause.edu/EDUCAUSE+Quarterly/EDUCAUSEQuarterlyMagazineVolum/ACampusWideETextbookInitiative/174581
Cite this Analytical Essay:
Financial Health of Bridgeport Board of Education (2012, June 26) Retrieved March 22, 2023, from https://www.academon.com/analytical-essay/financial-health-of-bridgeport-board-of-education-151578/
"Financial Health of Bridgeport Board of Education" 26 June 2012. Web. 22 March. 2023. <https://www.academon.com/analytical-essay/financial-health-of-bridgeport-board-of-education-151578/>