In: Finance
You are the budget director of a small school district that has a budget of $10 million and serves 2,500 children in six schools: three elementary schools, two middle schools, and one high school. The school district receives its budget from the state, and state officials have told you that the state is running a deficit and the school budget is being cut by $250,000. The state provides the revenue; however, the school district does have a partnership with a foundation that provides funding for innovative and supportive programs. What part of the budget would you first examine? Why? After that examination, what would you cut? Why?
Using the same scenario from the question above, the budget director must present alternatives to the district superintendent for consideration. Describe the alternatives you would recommend so the superintendent and/or board has choices.