Budget preparation is a complex process. It involves both individual effort and group-work. The staff and administrator should follow the following steps in preparing a school budget:
(i) Determine the objectives of educational programmes of the school and examine objectives of the existing programmes.
(ii) Fix short-term and long-term objectives.
(iii) Priority of the objectives and programmes are decided.
(iv) Prepare detailed plans for educational programme to be done.
(v) Prepare plans for implementation of the programmes.
(vi) Work out details of expenditure and income or benefit from the programme.
(vii)Develop a plan for evaluating programme.