This book examines the elements of a school's financial framework that Board members and management staff need to know and understand in connection with planning and managing school finances. It offers the concept of a long-range plan and some of its detail. Such a plan is critical to a school's strategic direction and planning. Capital Budgets should be referred to in this plan and be congruent with it, as should school debt planning. The issues raised here are intended for those who have an understanding of the financial considerations needed to operate a school effectively.