Budget planning is an important activity that almost all types of organizations go through each year. For school districts, budgeting allows leaders to drive growth and address areas of improvements by allocating resources to prioritize certain school needs. The nature of an effective budget is driven and informed by data. As long-time data enthusiasts, we put our heads together here at Eidex to outline in 3 steps how your district can seamlessly integrate data into budget planning, preparation, and evaluation.
1. Planning involves setting goals and objectives, and developing programs needed to achieve those goals and objectives. During this phase of the budgeting process, data about where the district is currently and where it wants to be in the next year can be extremely beneficial in providing guidance for setting SMART goals. Here are a couple of examples: