Which of the following is an example of an operating budget?

Prepare effectively for the WGU EDUC5295 D023 School Financial Leadership exam with exclusive study materials, flashcards, and multiple-choice questions to enhance your understanding of financial leadership in educational settings.

An operating budget refers to the financial plan that covers the ongoing costs of running a school or organization. This budget typically includes expenses related to day-to-day operations, such as salaries for staff, instructional materials, and necessary supplies for classrooms. Therefore, planning for teacher salaries and classroom supplies is a prime example of an operating budget since it directly pertains to the operational costs essential for delivering educational services.

In contrast, budgeting for new school buildings and funding for extracurricular programs might not fall under operating budgets; these typically involve capital budgets or special program funding, as they relate to infrastructure or additional services that may not be part of the core operational expenditures. Allocating money for future investments refers to financial planning for growth or improvements that are not part of regular operating expenses. Overall, an operating budget is focused on the recurrent costs needed to keep the school functioning effectively.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy