Education

Running Head: CREATING A BUDGET

CREATING A BUDGET

November 03, 2014

Education

1. INFORMING OTHERS ABOUT THE BUDGET

A meeting was set up to create the guidelines for setting up a budget and the findings are
informed to the school and community members. Guidelines for the budget were set up by the
Board of officers and the Executive Director. Funding for the programs would be obtained partly
from BEP, private donors, public corporations and also from state and federal funding agencies.
Out of these funds, 67% of the budget would be paid out as salaries and benefits while rest of the
funds would be spent on providing for operating costs. These projections were made after
reviewing findings of the previous year's budget and the expected number of attendees for the
program. It was also decided that the business manager would monitor budget spending and
ensure that the funds are spent and resources managed ethically and fairly.

2. STATEMENT TO THE MEDIA

We, the school board officers and the executive directors wish to inform the public and
the media about certain important development regarding budget framing guidelines. Funding,
for the programs would be obtained from BEP, private donors, public corporations and also
partly from state and federal funding agencies. Hence, we request the general public and valued
members of our community to donate to this cause. The business manager would be entrusted
with the task of monitoring how the funds are spent and will ensure that all norms of ethics and
fairness are followed. We expect to use a major part of the funds to pay salaries and benefits
while the rest out be spent on covering operating costs. The school board officers and the
executive directors request your continued support and help.