Publication Date

Spring 2018

Document Type

Project Summary

Degree Name

Doctor of Education

Department

Education

First Advisor

Marlon Cummings, Ph.D.

Second Advisor

Jun Zhao, Ph.D.

Third Advisor

Connie L. Sutton

Abstract

Financial management skills are a necessity for every leader in the work environment. It helps them to make the best choices with the capital resources that are available. Non-profit organizations face the scarcity challenge, and it may be difficult to strike a balance when implementing the budgets. Acquiring financial management skills helps the leaders to carry out a cost-benefit analysis that allows them to determine the departments that need more resources, and as a result, they end up creating development even when faced with financial difficulties. Collaboration is a necessity and an essential aspect of the K-12 budgeting process because it aligns the allocation of the resources, depending on the urgency level of the district. Leadership skills are crucial, and having a participatory structure to budgeting helps the organization make the most informed decision. This research paper looks into financial leadership and the evolving role of the school superintendent. The objective is to determine who Illinois K-12 superintendents engage in the budgeting process and in what capacities does it happen. The situational leadership style of the superintendents that is examined in the budgeting process with internal and external stakeholders. This information will also be analyzed with the objective of understanding the effectiveness and establishing if there are areas that need improvement. The information that is relevant for the research will be collected using literature review and data will be evaluated to come up with conclusions regarding financial leadership and how it has facilitated participatory budgeting in school districts.

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