Ways to Effectively Manage School Fund

1. Set a Goal:

What you want to be and aim to be, practice (SMART)?

Specific

Measurable

Attainable

Realistic

Timely

2. Priority Base Budgeting:

Determine and Clarify Vision/Results

Identify Programs and Services

Allocate Costs/Resources to Programs

Score Programs Based on Results

Resource Alignment Diagnostic Tool

3. Clear Grantee of Disbursement:

The object of expenditure must be abreast with actual needs and necessity, it’s something you review with your team and stakeholders on a regular basis. Project managers must carefully observe budget execution throughout the lives of their projects this will keep trust and confidence of the stakeholders and management.

4. Keep track of Personal and Professional Relationship:

Favoritism is very evident in every walk of life but in public service we are here to serve not to be served, people can stand brute force, but brute reason it’s unbearable

5. Transparency:

Information on how funds are spent; financial report must be readily available and easily understood.

6. Realism:

You must be very vigilant in defining the Object of Expenditure, it must be based on facts.

7. Liquidate on Time:

Report delayed is report denied, it is the fact that every organization must apprehend. The timely compliance of report will directly affect the ability of a company to make a wiser economic decision, whereas the future of the company can be spelled as a brilliant feat of success or an epic failure.