FSSU Primary School – Budget Template

A school budget assists the Principal in effective decision making to manage the school finances on a day to day basis. A budget assists with controlling the school’s financial resources and maximising the use of available resources. It’s an estimation of planned events expressed in monetary terms which enables financial planning to ensure efficient running of the school.

Income
Begin with revenue – determine total resources available and identify all revenue sources.

  • Department of Education Grants
  • Other State Income
  • School Generated income
  • Other income to fund day to day spending such as Parents’ contributions, voluntary subscriptions and fundraising (Revenue for Capital Spending is considered separately).

Expenditure
Gather all information regarding all possible expenditures – distinguish between essential or unavoidable spending and discretionary spending. Do not consider any items of capital spending (e.g. new computers or furniture) at this stage.

  • Salaries
  • Education Other
  • Repairs, Maintenance and Establishment
  • Administration
  • Finance

Capital expenditure
Capital expenditure is expenditure of a once off nature rather than recurring. The purpose is to acquire an asset or advantage of a lasting nature for the enduring benefit of the school. Identify capital receipts which may be available to finance capital expenditure.

  • State grants
  • Fundraising
  • Parents’ contributions
  • Donations

NOTE: The FSSU have developed these templates for internal use for monitoring monthly income, expenditure, budget management, cash flow etc. The use of the FSSU internal templates is optional for schools who may wish to continue to use the IPPN Airgead Bunscoile/Financial Template, CPSMA Accounts templates etc. for their internal use.

If you need any further information please email primary@fssu.ie or phone (01) 9104020.

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