Description
SBM Understanding Budgeting and Resource Allocation
Monday, October 14, 2024 5:30 pm - 8:00 pm Understanding Budgeting and Resource Allocation
Join us for a comprehensive 2.5-hour mini-training designed exclusively for California student school board members. This session will provide invaluable insights into board members' crucial budgeting responsibility, funding sources, essential budget items, and the significance of the Local Control & Accountability Plan (LCAP) and Local Control Funding Formula (LCFF) in setting the district's direction and allocating resources.
Learning Objectives:
Understanding Board Members' Responsibility in Budgeting: Gain clarity on the role and responsibility of board members in the budgeting process, including oversight, approval, and decision-making.
Exploring Funding Sources: Familiarize yourself with the various funding sources for school districts, including state, federal, and local sources, and understand how these funds contribute to the district's budget.
Identifying Key Budget Items: Learn to identify and analyze key items within a budget that student board members should pay attention to, such as instructional expenses, staffing allocations, and facilities maintenance.
Setting Direction with the LCAP: Understand the significance of the Local Control & Accountability Plan (LCAP) in setting the district's direction, priorities, and goals, and the role of student board members in shaping the LCAP.
Resource Allocation under the LCFF: Explore how resources are allocated within the Local Control Funding Formula (LCFF), including the principles of equity, transparency, and flexibility, and the implications for student achievement and equity.