Budgeting Is The Process Of Gathering And Utilizing Data

Introduction Budgeting is the process of gathering and utilizing data to allocate financial resources to prioritize organizational needs. A school budget serves as a policy document, financial plan, operations guide, and communication tool (Odden Picus, 2014). In school districts, budgeting requires using information about school staff, students, and facilities to meet student learning needs and goals. Developing data-driven budgets requires an analysis of student performance data; this helps ensure that resources are used effectively and that there is an alignment across programs and educational departments. In order to effectively manage and lead a school or a school district, one must have a firm understanding of the school/district budget and how all of the components of the budget align with student achievement and the district’s vision and mission (Rennie Center for Education Research Policy, 2012). 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