This report analyzes the New York City Board of Education's planned expenditures for the 1977-1978 fiscal year. The report is designed to give the public a brief yet understandable overview of the Board of Education's annual budget. Allocations for eight functional areas (direct instructional programs, indirect instructional programs, ancillary pupil support programs, school buildings, city and districtwide administration, miscellaneous expenses, dept service, and non-public and adult education) are presented in terms of monetary amount, percentage of total expenditure, and source of funding. Instructional costs are broken down into three levels (elementary and junior high, high school, and special education); total expenditures and per-pupil-costs are provided for each level. Expenditures for public school pupils, direct instructional programs, administration, and pupil transportation are discussed in greater detail. (Author/BE)