Summary Of Running A Smooth Financial Operation In The Catholic High School
In Running a Smooth Financial Operation in the Catholic High School, David Gervasio discusses his preferred budget method, zero based budgeting, which “starts all accounts with zero dollars, and then the budget is built from the ground up” (p.24). Even with this method, there are certain assumptions about the “business” that need to be made prior to creating a budget.
The individual being asked to create the budget has to have a deep understanding of the school, including a thorough understanding of the school’s financial position, in order to make budget assumptions. Prior year’s numbers can provide reference points, but should not be used year after year.
Budget assumptions include information relative to the tuition, such as percent of
The individual being asked to create the budget has to have a deep understanding of the school, including a thorough understanding of the school’s financial position, in order to make budget assumptions. Prior year’s numbers can provide reference points, but should not be used year after year.
Budget assumptions include information relative to the tuition, such as percent of