ABSTRACT
Considered in context of how this book has sequentially linked each topic, we turn to the specific elements of building budgets. We now have an understanding of the social context of schools, including recognition of a participatory and sometimes demanding constituent base. Second, we have gained respect for the gravity of handling school money and have an initial grasp of how revenues and expenditures are accounted for via fund structures. Third, we have been introduced to the many decisions underlying the construction and operation of state aid formulas. In all, we have built a framework for understanding money and schools. Consequently, we now start to address and apply the elements of budgeting.
