Louisiana Minimum Foundation Case Study

The Louisiana Minimum Foundation Program has three different levels that must be determined before any share of state money is sent to the districts. This process will determine how much money each district will receive; however, each school will receive different amounts. This will be the allotment that the school will receive to use as the budget for the year. As the principal, he/she will be required to prioritize the funds in order to be able to cover operational expenses and any other expenses that may arise, continuously throughout the school year. The administrator will need to have effective communication skills in order to work with his/her secretary and bookkeeper for the sake of justifying the spending and collection of any funds. There are countless legal issues that may impact the school operations, in which the principal must be aware of. He/she will also have to prepare for anticipated revenues and expenses that may come throughout the year; in the same way, he/she will have the final say in anything dealing with the school’s budget. In order to develop a budget, the principal must have knowledge of the availability of funds for the year, have an idea of the operational costs, and be willing to take risks in the best interest of the school. The operational expenses could include, but are not limited to: instructional …show more content…
The textbooks are purchased through the school board, and so is most of the capital outlay. There are fixed assets, example, computers that are purchased through the allotment given to the schools. The budget takes a huge hit when something large as computers have to be purchased. The department supplies, such as, expo markers, paper clips, staples, loose leaf paper, etc is purchased through the allotment money. In my years of teaching, it was not often we were offered these free supplies; most teachers purchased them their