Help to complete the school budget and advise on financial management

Status: Finished
Step: 
4

The school has created a budget (income/expenditure) for the first term of 2009.

Having a detailed budget will help them to look at their current sources of income and how that is allocated to cover running costs, and also to plan for future needs.

They would like assistance in completing this, as well as general advice on financial management, and would particulary welcome input from people who have experience in these areas.

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Hi Christopher

Thanks for sending us the budget.

If we put it into a spreadsheet, will you be able to read it?

At the moment, it appears to be a mix of definite income e.g. school fees and hoped-for income e.g. donations. It may be helpful to split this out so that it is clear exactly what money is coming into the school at the moment.

The same is true of the expenses page - some items such as food are ongoing expenses which you have to pay, others like the lab equipment and dormitory are one-off items that need to be planned for. If looking for funding for those, we will also need a breakdown of the totals into individual items, probably as separate budgets.

Also, I think that some of the items on there e.g. the water tank, are already completed and paid for?

Mary

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Thank you so much Mary for this advice to the school project
God bless
Pastor Fred
www.gidcco.co.nl

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