What is typically included in a budget evaluation?

The evaluation of a budget fundamentally involves a comparison of the anticipated budgeted amounts against the actual expenditures incurred during the budget period. This process is critical as it helps identify variances—differences between what was planned and what actually happened. Such assessments allow school leaders to determine the efficiency of financial management and identify areas for potential adjustments or improvements.

By analyzing these variances, school administrators can gain insights into spending patterns, resource allocation, and areas where the school district may need to revise its strategies. This evaluation also plays a vital role in future budgeting, as understanding past performance is essential for creating more accurate forecasts.

While the other options might be relevant in broader financial discussions or strategic planning, they do not focus specifically on the core aspect of budget evaluation as effectively as comparing budgeted amounts with actual expenditures.