To navigate today's fiscal challenges successfully, school districts must constantly examine the long-term fiscal implications of policy, programmatic, and human resource decisions on their organization. They must look at the effect of such items as bargaining agreements, contracted services, placement costs, transportation costs, benefits,…

Financial planning is the key to providing a high-quality instructional plan. A 5-year financial plan is typically updated by looking at district financial history, future instructional plans, staffing requirements, and revenue projections. Planning assumptions must be clearly understood by the financial team and the community. (MLH)

The multiyear forecasting model is a device to focus on the input side of the educational process--staff, materials, facilities, and services. An annual budget can be developed from the multiyear work plan, with specific policy statements being made to achieve the outcomes initially determined to be the goals and objectives of the district. (MLF)

Summarizes the steps and strategies taken to produce a comprehensive multiyear budget that functions as a financial forecast. Discusses the key concepts and components of an effective plan as well as the presentation and implementation of the plan. (seven figures) (MLF)

The Association of School Business Officials International has a Meritorious Budget Award Program designed specifically to meet Canadian needs. It is a budget recognition program to promote state-of-the-art practices in the development and presentation of school board budgets. Explains criteria and how to participate. (MLF)