Budgeting in High Schools
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The paper reviews line-item and zero-based budgeting approaches. The paper describes each approach, comments on their advantages and discusses when one might be likely to use one over the other. The paper then concludes with a recommendation based on the situation described of the school system administration and budgeting for an athletic department, where prior concerns were noted by district administrators.
From the Paper:"Proper accounting methods for a particular situation are often grounded in the use of proper budgeting techniques. As budget manager in a high school setting where administration has raised concerns about the athletic budgets, one needs to fully understand the differences in budgeting techniques; specifically line item versus zero based budgets. This paper will describe the two budget techniques, highlight their differences and then conclude with a recommendation on which technique would be most appropriate for a high school setting where athletic issues are a concern. Line item budgeting: Line item budgeting lists revenue to outlay items by class for a given year compared to the previous year to establish a budget."
Cite this Essay:
Budgeting in High Schools (2006, December 01) Retrieved May 30, 2020, from https://www.academon.com/essay/budgeting-in-high-schools-90340/
"Budgeting in High Schools" 01 December 2006. Web. 30 May. 2020. <https://www.academon.com/essay/budgeting-in-high-schools-90340/>