Educational Leadership and Planning for Technology Chapter 13 – Financial Planning Dr. Anthony G. Picciano

Copyright © 2006 by Pearson Education, Inc. All rights reserved PowerPoint Outline Technology Can Be Expensive The Cost-Effectiveness of Technology A Time Line for Financial Planning The Budget Worksheet A Budget Model Special Considerations of Budgeting for Computer Applications Sources of Funds Copyright © 2006 by Pearson Education, Inc. All rights reserved

Copyright © 2006 by Pearson Education, Inc. All rights reserved Technology Can Be Expensive For each dollar spent on direct costs (for hardware and software), another dollar or two is spent on indirect costs (such as training). Recently a Missouri district of 450 students estimated a total district cost of $219,000. A Virginia suburban school with 166,000 students estimated $233,060,000. Copyright © 2006 by Pearson Education, Inc. All rights reserved

Copyright © 2006 by Pearson Education, Inc. All rights reserved The Cost-Effectiveness of Technology In the long run, can computers save schools money? Savings is not yet proven, but studies do show that technology aids student achievement. The cost of technology is of interest to Administrators School board members Teachers Union representatives Taxpayers Copyright © 2006 by Pearson Education, Inc. All rights reserved

Copyright © 2006 by Pearson Education, Inc. All rights reserved A Time Line for Financial Planning Copyright © 2006 by Pearson Education, Inc. All rights reserved

Copyright © 2006 by Pearson Education, Inc. All rights reserved The Budget Worksheet Proposal Worksheet Copyright © 2006 by Pearson Education, Inc. All rights reserved

Copyright © 2006 by Pearson Education, Inc. All rights reserved The Budget Worksheet Three-Year Proposal Worksheet Copyright © 2006 by Pearson Education, Inc. All rights reserved

Copyright © 2006 by Pearson Education, Inc. All rights reserved A Budget Model Sample Overall Financial Plan Percentages can vary. Component Percentage Hardware 35 Software 10 Personnel 27 Training 7 Repairs/upgrades 9 Supplies/furniture 6 Miscellaneous 6 Total 100% Copyright © 2006 by Pearson Education, Inc. All rights reserved

Copyright © 2006 by Pearson Education, Inc. All rights reserved Special Considerations of Budgeting for Computer Applications 1. opting for centralized or decentralized facilities 2. hiring a consultant 3. standardizing on a common vendor 4. hardware first, other needs second 5. choosing a purchasing plan Copyright © 2006 by Pearson Education, Inc. All rights reserved

Copyright © 2006 by Pearson Education, Inc. All rights reserved Sources of Funds 1. the school district budget 2. bond issues 3. governmental entities 4. gifts and grants Copyright © 2006 by Pearson Education, Inc. All rights reserved

Questions and Comments Copyright © 2006 by Pearson Education, Inc. All rights reserved