Money and Schools explains and demonstrates the relationship between money and equality of educational opportunity in a way that is clear, precise, and engaging. Grounded in research and best practices, this book provides a broad overview of school finance, budgeting, and resource allocation, an understanding of the underlying economic, social, legal, and political principles that drive how schools are funded, as well as a detailed examination of day-to-day funding operations. Rich pedagogical features include chapter opening challenges, chapter drivers, point/counterpoint discussions, case studies, and recommended resources. This accessible and engaging book offers strong connections to real-world experiences and detailed information on pre-K-12 funding history, concepts, and current operations for both aspiring and experienced education leaders in school budgeting, finance, and resource management courses.
New to this edition:
Coverage of environmental sustainability and other emerging trends in this unprecedented uncertainty of schools' economic and social environment.
Updates to references and overall funding changes since the previous edition.
Revised end-of-chapter activities and additional resources that are aligned with the key concepts and content of each chapter. Updated supplemental downloads, including editable PowerPoints.
Contents About the Authors Preface Acknowledgments Part I: Overview of Broad Concepts Chapter 1 Schools, Values, and Money Chapter 2 Funding Schools: A Policy Perspective Chapter 3 Basic Funding Structures Part II: Operationalizing School Money Chapter 4 School Funds: Accountability, Performance and Professionalism Chapter 5 Budget Planning Chapter 6 Budgeting for Human Resources Chapter 7 Budgeting for Instruction Chapter 8 Budgeting for Student Activities Chapter 9 Budgeting for School Infrastructure Chapter 10 Budgeting for Transportation and Food Services Chapter 11 Budgeting for Legal Liability and Risk Management Part III: A View of the Future Chapter 12 Trends and the Future of School Funding
R. Craig Wood is Professor of Educational Administration and Policy at the University of Florida, USA. David C. Thompson is the Skeen Endowed Chair in Education and Professor and Department Head of Educational Leadership at Kansas State University, USA. Faith E. Crampton is President and CEO of Crampton & Associates, an education consulting firm, who retired as Associate Professor of Education Finance and Policy at the University of Wisconsin-Milwaukee, USA.