2018-19 Tentative Budget Presented by: Mark Mathers, Chief - - PowerPoint PPT Presentation

2018-19 Tentative Budget

Presented by: Mark Mathers, Chief Financial Officer Mike Schroeder, Budget Director April 10, 2018

Attachment E - Updated

1. General Fund – Update on General Fund Structural Deficit (adjusted for certain base budget changes and other changes) – Action on Budget Recommendations – Review of General Fund Sources and Applications 2. Other District Funds

Agenda for Tentative Budget

2

• Take action on Recommended Reductions

– Approve, approve as modified or not accept

• Take action on the one item with No Recommendation

(Internal Auditor)

• Take action on Budget Additions

– Approve, approve as modified or not accept

• Confirm use of fund balance to cover deficit, or direct staff to

seek additional reductions

Action Items Needed Today for General Fund 1 2 3 4

3

General Fund Deficit and Budget Recommendations

4

Structural Deficit FY19

General Fund (in Millions)

FY18 Structural Deficit Carryforward ($16.6) Revenue Increases $3.3 Employee Salary Increments & Health Ins ($10.0) Salary & Benefit Basis Adj $4.9 Other Operating Increases ($1.8) Special Education Transfer $1.8 Structural Deficit Before Rebase/Contras $ (18.4)

5

• Base budget reductions have reduced the deficit to $9.2 million.
• At that amount, without additional action by the Board, the District will:

– Fail to comply with the new Board Policy to have a structurally balanced budget by FY21 – Deplete almost all of our fund balance by FY21.

Required Action

6

• Budget reductions were proposed by departments and represent

management’s professional judgment on how to achieve savings with the least impact.

• Reductions were then scored by Financial Review Committee with

Leadership Team overview based on assessment of the degree of impact in relation to following criteria:

– Alignment with District’s strategic plan – Degree of impact to direct instruction – Risk assessment – Fiscal impact – Availability of alternative delivery service – Perceived results of program

Action Item #1 – Budget Reductions

7

Where & How Do We Reduce Costs?

Strategies

Regular Instruction 220,825,631 Special Programs 5,326,974 Vocational Programs 5,764,765 (1) Shift costs to other funds Other Programs 13,747,078 Co-curricular Programs 4,383,049 (2) Use Different Service Transfers & Contingency 48,331,835 Delivery Model Subtotal 298,379,332 61.9% (1) Shift costs to other funds Student Support 33,149,139 School Administration 35,657,071 (2) Use Different Service Instructional Staff Support 16,370,820 Delivery Model Subtotal 85,177,030 17.7% Operation and Maintenance 49,712,473 Student Transportation 16,664,448 Subtotal 66,376,921 13.8% General Administration 6,625,329 Central Support 25,228,975 Total - Support/Central Services 31,854,304 6.6% Grand Total 481,787,587 100.0% Automation + Service Level Cuts

Direct Instruction School Support Operations and Maintenance

Includes police function. Further cuts to Operations start to be

• unsustainable. Walk zone

extension is proposed.

Central Services

8 rev.

Budget Reductions Do NOT Equate to Service Level Reductions

Addressing the Budget Deficit

• Grant Funds
• Reallocation of Staff to Proper Fund

Shifts to Other Funds

• Process Improvements / Work-Around’s
• Review of Other Agencies’ Approaches

Use of Different Service Delivery Model

• New job application software (Applitracks) may allow

reduction of HR and Position Control staff in FY 2020

Reductions Through Greater Use of Automation

• Central services reductions
• Increases to walk zones
• Professional development & training

Tolerable Reductions to Service Levels

9

• Total of $4.2 million of reductions identified, in addition to $9.2 million in

base budget reductions and contra accounts

• Deletion of Positions

– 6.05 positions shifted from General Fund to other funds – 30.12 positions beginning in FY19 – 2.00 positions identified for FY20

• Reduce District travel budgets by 50%
• Increase ES and MS walk zones by ¼ mile – reduction of 8-10 drivers
• Further reductions of operating budgets

Major Budget Recommendations

10

The preliminary budget identifies positions that are proposed to be eliminated by Fiscal Year 2020-21. Some of these flagged positions are currently occupied by an employee(s). For incumbents in these positions, below is a summary of the process that is recommended to the Board: Professional-Technical and Educational Support Professional Positions

• For Pro-Tech and ESP employees in one of these flagged positions, if that

position or a comparable positon becomes vacant prior to FY 2020-21, the position would be eliminated and negotiated agreements would be followed.

• Human Resources and Labor Relations will assist employees to find other

positions.

• If there are no vacancies in a flagged position by FY2020-21, there would

be a reduction in force in FY2020-21 following the negotiated agreements.

Transition Plan for Deleted Positions

11

Transition Plan for Deleted Positions

Certified Positions

• Certified staff in one of these flagged positions would go through the

regular transfer and overage process for open positions as outlined in the negotiated agreement.

• Historically, the high turnover rates of certified positions for the

District has allowed teachers to fill positions that have been vacated because of retirements and separations.

12

• Base Budget Adjustments

– Upon further review, base budget adjustments in certain areas are not available and have been reversed (ROTC, Family School Partnerships, MTSS, Parent U., etc.) – In reviewing trends for energy prices, we reduced our base budget adjustment for fuel costs (gas) down from a reduction of $400,000 to only $50,000

• Recommendations for Budget Reductions

– Removed proposal to reduce 4.5 FTE counselor positions (although this proposal would have maintained at least one counselor per ES) – 2% additional cuts to Board/Superintendent

• Budget Additions

– Added Fingerprint Technician position – Modified bond personnel cost

Changes to Feb. 28 Recommendations

13

• Property Taxes (District keeps 2/3 of 75-cent operating rate)

– State’s Pro Forma Projection is higher than our projection in February – Results in $697,211 in greater revenues for FY19

• Government Services Tax

– For FY18, currently tracking at 10+ % year-over-year growth – This increases the base for FY19, but we still assume +5% growth. – Adds $614,568 to revenue projection

Updates to Revenue Projections

14

Summary of Budget Recommendations by Office

15

Reductions by Functional Area

Base Budget Base Budget Cuts Total Cuts

Amount FTE Amount Amount

Regular Instruction 220,825,631 (1,020,205)

• (1,020,205)

Special Programs 5,326,974 (25,000) (5.00) (373,382) (398,382) Vocational Programs 5,764,765

• Other Programs

13,747,078 (202,909) (10.00) (682,764) (885,673) Co-curricular Programs 4,383,049 (10,000)

• (10,000)

(20,000) Transfers & Contingency 48,331,835

• (103,800)

(103,800) Subtotal 298,379,332 61.9% (1,258,114) (15.00) (1,169,946) (2,428,060)

Amount FTE Amount Amount

Student Support 33,149,139 (396,000) (1.82) (138,472) (534,472) School Administration 35,657,071 (200,000) (1.00) (69,534) (269,534) Instructional Staff Support 16,370,820 (234,703) (11.70) (1,099,962) (1,334,665) Subtotal 85,177,030 17.7% (830,703) (14.52) (1,307,968) (2,138,671)

Amount FTE Amount Amount

Operation and Maintenance 49,712,473 (1,779,055) (1.00) (118,558) (1,897,613) Student Transportation 16,664,448 (50,000) (8.00) (550,000) (600,000) Subtotal 66,376,921 13.8% (1,829,055) (9.00) (668,558) (2,497,613)

Amount FTE Amount Amount

General Administration 6,625,329 (268,125) (3.00) (435,785) (703,910) Central Support 25,228,975 (970,000) (4.35) (673,058) (1,643,058) Total - Support/Central Services 31,854,304 6.6% (1,238,125) (7.35) (1,108,843) (2,346,968) Grand Total 481,787,587 100.0% (5,155,997) (45.87) (4,255,315) (9,411,312) Other Reductions

Direct Instruction School Support Operations and Maintenance Central Services Figures shown do not include “contra” adjustments for salary savings.

16 rev.

Recommendations by Functional Area

• Overall, Central Services/Administration is proposed to be

cut 7.4%, the largest cut for any area.

0.8% 2.5% 3.8% 7.4% 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 8.0% Direct Instruction School Support Operations and Maintenance Central Services

Percent of Budget Reduction by Area

16.2

• EL Program
• Total of 136.5 EL teachers in FY18 budget
• Benchmarking results to CCSD
• $1,237 per student vs. $223 per student
• New Service Delivery Model
• Site Facilitators + training of general ed teachers
• Ultimately shift from strict staffing ratio model to needs based
• Staffing may increase based on actual EL enrollments in 2018-19

Proposed Reductions in Instruction

16.3

• GT Program
• Total of 52 GT teachers
• Reduction of 2 FTE equates to a 4% reduction
• 1 FTE is a GT coordinator
• 1 FTE based on reduced enrollment in SWAS
• Depending on GT enrollment and based on adjusted State staffing

guidelines, total GT staffing may increase or be flat in 2018-19.

Proposed Reductions in Instruction

16.4

Structural Budget Deficit FY19 (in millions)

General Fund

Revenue $ 463.4 M Expenditures (before rebase/contras) ($481.8)M Structural Budget Deficit (before rebase/contras) ($ 18.4 M) Budget Rebase and Use of Contras $ 9.2 M Structural Budget Deficit before Reductions ($ 9.2)M Recommended Reductions $ 4.2 M Deficit (before Additions) ($ 5.0)M

17

General Fund Budget with Recommendations

General Fund Budget with Recommendations

• Adj. Final

Tentative FY18 FY19 Change Beginning Fund Balance - General Fund 43.3 31.1 (12.2) Sources: Local Sources 320.8 339.0 18.2 State Sources 138.4 123.8 (14.6) Federal Sources 0.8 0.5 (0.3) Total 460.0 463.3 3.3 Uses: Expenditures 434.0 421.0 (13.0) Transfers/Other Uses 48.8 47.3 (1.5) Total 482.8 468.3 (14.5) Total Preliminary Deficit (22.8) (5.0) 17.8 Ending Fund Balance - General Fund 20.5 26.1 5.6 Ending Fund Balance as % of Total Uses 4.2% 5.6% 1.3%

18

• Additional reductions will be necessary in FY20 and FY21 to reach a

structurally balanced budget by FY21.

• Without these additional reductions, we will draw down our fund

balance to below $9 million.

Future Years

19

• In order to meet the Board’s target of a structurally balanced budget by

FY21, future reductions will be necessary.

Addressing the Budget Deficit

20

40.5 5.0 5.1 5.2 2.5 5.0

• 5.0

10.0 15.0 20.0 25.0 30.0 35.0 40.0 45.0 FY18 FY19 FY20 FY21

Shortfall of State funding for base budget Ongoing Structural

Future Structural Deficits

21

Action Item #2 –

Take action on the one item with No Recommendation (Internal Auditor)

22

• The Internal Audit Function reports directly to the Board.
• An internal auditor position is currently vacant and a decision to keep
• r eliminate the position is necessary as part of the budget process.
• The position is utilized to perform risk based audits to ensure cost

efficiency and effective management for District operations and student activities by offering solution based recommendations. Through 2015 the department has made recommendations to save the District $3 million.

• Internal auditor positions were reduced from 4 to 3 positions in FY18.

Action Item #2 Internal Audit Position

23

Action Item #3 –

Take action on Budget Additions Approve, approve as modified or not accept

24

Additional Budget Requests Action Item #3

25

Action Item #4 –

Confirm use of fund balance to cover deficit, or direct staff to pursue additional reductions

26

General Fund Summary Information

(Does not include budget reductions other than Base Budget changes)

27

FY 18-19 General Fund Revenues ($463.4 Million)

State Distributive School Account (DSA), $117,209,959 , 25.29% State Special Appropriation, $6,609,762 , 1.43% Ad Valorem (Property) Tax, $110,388,289 , 23.82% Local School Support (Sales) Tax, $204,138,121 , 44.05% Government Services Tax (Vehicle Registration), $18,701,868 , 4.04% Other Local Sources, $5,801,000 , 1.25% Other Revenue, $570,000 , 0.12% 28

FY 18-19 DSA Per Pupil Funding ($5,737)

Source Per Pupil Funding 1/3 Ad Valorem 583 $ L.S.S.T. 3,270 D.S.A. 1,884 Total DSA Per Pupil 5,737 $ Special Appropriation 104 Other 1,419 Total per Pupil 7,260 $

State Distributive School Account (DSA), $117,209,959 , 25.29% 1/3 Ad Valorem (Property) Tax, $36,428,135 , 7.86% Local School Support (Sales) Tax, $204,138,121 , 44.05% Other Revenue, $99,033,022 , 21.37% Special Appropriation, $6,609,762 , 1.43% 29

59,000 60,000 61,000 62,000 63,000 64,000 65,000 66,000 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

63,287 62,455 62,324 62,220 62,424 62,986 63,108 63,670 63,919 63,914 63,834

Ten Year History and 2019 Preliminary Projection

Enrollment History

30

FY 18-19 General Fund Expenditures ($472.6 Million)

Regular Instruction, 216,805,425 , 45.87% Special Programs, 5,301,974 , 1.12% Vocational Programs, 5,764,765 , 1.22% Other Programs, 13,544,169 , 2.87% Co-curricular Programs, 4,373,049 , 0.93% Student Support, 32,753,139 , 6.93% Instructional Staff Support, 16,136,117 , 3.41% General Administration, 6,357,204 , 1.35% School Administration, 35,457,071 , 7.50% Central Support , 24,258,975 , 5.13% Operation and Maintenance, 47,933,418 , 10.14% Student Transportation, 16,614,448 , 3.52% Transfers & Contingency, 47,331,835 , 10.01%

31

• The preceding slide reflects that 71.29% of our expenditures are going to schools

in the following categories: – Regular, Special, Vocational, Other and Co-Curricular Instruction – Student Support and Instructional Staff Support – $42.3M of the $46.5M Transfers goes to Special Education.

• Student Transportation 3.52% is for buses, fuel and bus drivers/staff for students.
• Operations and Maintenance 10.14% is for Utilities, Custodians, School Police for

primarily our schools.

• School Administration 7.50% is for Principals, Assistant Principals and staff in the
• schools. Each school requires leadership and support staff for teachers & parents.
• Central Support 5.13% is for Fiscal, HR, IT, Purchasing, Printing, Risk Management,

Accountability, Internal Audit, Mail Services to again support the schools

• General Administration represents 1.35% of the budget for the Board,

Superintendent, Deputy Supt, Area Supts, Chief of Staff, Legal, Ombudsman and Community Relations.

General Fund Expenditures

32

Salaries & Benefits $426,536,643 90.25% Instructional Materials $13,070,976 2.77% Repairs & Maintenance $3,058,371 0.65% Utilities $11,470,045 2.43% Transportation $5,953,137 1.26% Insurance/Postage $2,268,062 0.48% Dep't Mat'l/Other $4,057,498 0.86% Licenses & Assessments $6,216,857 1.32%

FY 18-19 General Fund Expenditures by Type ($472.6 Million)

33

General Fund FTE Data

Licensed Non- Licensed Total

Instructional 2,665 63 2,728

Licensed: Teachers (Regular, GATE, Vocational, ELL, Music, ROTC, Deans) Non-Licensed: Teacher Assistants, Aides and Education Support Professionals

Student Support 271 111 382

Licensed: Counselors, Nurses, Psychologists, Administrators, Coordinators Non-Licensed: Clinical Aides, Attendance, Education Support Professionals

Instructional Staff Support 93 124 217

Curriculum & Instruction, Professional Learning, Library, Assessment Departments Licensed: Instructional Coaches/Mentors, Program Coordinators, Librarians, Administrators

General Administration 8 38 46

Board Members, Legal Counsel, Investigators, Superintendent, Deputy Supt, Area Supts, Chief of Staff, Ombudsman, Community/Family Services, Govt Affairs

School Administration 162 237 399

Licensed: Principals, Assistant Principals Non-Licensed: Secretaries, Bookkeepers, Registrars

Central Services 4 189 193

Fiscal Services, Grant Services, Purchasing, Printing, Planning & Evaluation, Communications, Human Resources, Information Technology, Risk Management

Operations

• 519

519

Custodians, Maintenance, Groundskeepers, Equipment Maintenance, Carpenters, Painters, Plumbers, Facilities Management, School Police, Education Support Professionals, Professional-Technical Staff

Transportation

• 263

263

Bus Drivers, Fleet Maintenance, Dispatch, Instructors, Management

General Fund Totals 3,203 1,544 4,747

34

Instructional, 2,728 , 57% Student Support, 382 , 8% Instructional Staff Support, 217 , 5% General Administration, 46 , 1% School Administration, 400 , 8% Central Services, 193 , 4% Operations, 519 , 11% Transportation, 263 6%

General Fund FY18-19 FTEs

35

Licensed Non- Licensed Total General Fund 3,203 1,544 4,747 Capital Projects

• 47

47 Special Education 702 239 941 Class Size Reduction 229

• 229

Special Revenue Funds 215 618 833 Internal Service Funds

• 12

12 Enterprise Funds

• 247

247 FTE Totals 4,349 2,707 7,056

General and Other Funds FTE Data

36

Other Funds

37

Building & Sites Fund

FY18 Final FY19 Tentative Sources Local 100,000 $ 100,000 $ Transfers In

• Sale of Bonds
• Opening Fund Balance

240,000 100,000 Total Sources 340,000 $ 200,000 $ Applications Architecture/Engineering Services 33,000 $ 25,000 $ Site Improvements 41,000 25,000 Building Improvements 166,000 50,000 Ending Fund Balance 100,000 100,000 Total Applications 340,000 $ 200,000 $

38

Capital Projects (Bond) Funds

FY18 Final FY19 Tentative Sources Local 3,740,000 $ 50,477,619 $ Transfers In

• Sale of Bonds
• Opening Fund Balance

36,718,952 35,228,817 Total Sources 40,458,952 $ 85,706,436 $ Applications Central Services 3,504,891 $ 3,202,000 $ Operations and Maintenance

• 181,000

Land Acquisitions 1,810,000

• Architecture/Engineering Services

4,950,166 4,846,653 Building Acquisition/Construction

• 12,900,000

Site Improvements 1,599,688 3,082,000 Building Improvements 15,655,408 39,083,834 Transfer to Debt Service

• 2,000,000

Ending Fund Balance 12,938,799 20,410,949 Total Applications 40,458,952 $ 85,706,436 $

39

FY18 Final FY19 Tentative Sources State 27,177,533 $ 30,450,397 $ Transfers In 43,643,620 42,256,947 Total Sources 70,821,153 $ 72,707,344 $ Applications Instruction 45,717,368 $ 47,236,079 $ Student Suppport Services 13,410,036 13,587,795 Instruction Support Services 2,113,516 2,170,986 General Administration 555,148 616,391 School Administration 486,722 596,247 Central Services 104,291 110,585 Operation and Maintenance 71,845 69,390 Student Transportation 8,362,227 8,319,871 Total Applications 70,821,153 $ 72,707,344 $

Special Education Fund

40

FY18 Final FY19 Tentative Sources State 18,549,140 $ 18,449,140 $ Other

• Transfers In
• Total Sources

18,549,140 $ 18,449,140 $ Applications Instruction 18,549,140 $ 18,449,140 $ Transfers to Other Funds

• Total Applications

18,549,140 $ 18,449,140 $

Class Size Reduction Fund

41

FY18 Final FY19 Tentative Sources Local 5,231,474 $ 4,146,953 $ State 35,290,050 27,460,000 Federal 47,199,141 42,700,000 Transfers In

• Opening Fund Balance

2,428,286 2,770,103 Total Sources 90,148,951 $ 77,077,056 $ Applications Other Instructional Programs 64,533,989 $ 51,455,981 $ Special Programs 16,666,877 16,484,122 Vocational Programs 3,079,484 2,907,529 Adult Education Programs 1,375,000 1,375,000 Community Service Programs 668,859 768,363 Instructional Programs 530,906 553,352 Student Suppport Services 611,693 589,446 Instruction Support Services 38,170 63,316 General Administration 746,040 567,620 Central Services 314,402 564,756 Operation and Maintenance 24,811 34,039 Other Support

• 96

Ending Fund Balance 1,558,720 1,713,436 Total Applications 90,148,951 $ 77,077,056 $

Special Revenue Funds (Grants)

42

FY18 Final FY19 Tentative Sources Local 90,211,257 $ 56,867,594 $ Transfers In 2,708,358 4,600,904 Bond Proceeds

• Other

1,789,977 1,688,018 Opening Fund Balance 31,757,598 39,363,399 Total Sources 126,467,190 $ 102,519,915 $ Applications Principal 32,201,287 $ 34,441,874 $ Interest 22,216,290 31,516,689 Building Improvements 30,000,000

• Other

5,586,000 1,100,000 Ending Fund Balance 36,463,613 35,461,352 Total Applications 126,467,190 $ 102,519,915 $

Debt Service Fund

43

FY19 Tent Property Insurance FY19 Tent Health Insurance FY19 Tent Workers' Comp Insurance FY19 Tent Combined Insurance FY18 Combined Insurance Revenues Premiums Collected 2,609,362 $ 72,290,220 $ 2,184,895 $ 77,084,477 $ 76,433,018 $ Transfers In

• 6,640,019
• 6,640,019

6,640,019 Other 153,802 4,659,733 9,000 4,822,535 7,204,327 Total Revenues 2,763,164 $ 83,589,972 $ 2,193,895 $ 88,547,031 $ 90,277,364 $ Expenses Salaries and Benefits

• $

495,757 $ 317,297 $ 813,054 $ 813,054 $ Employee Benefits

• 83,525,546

2,712,621 86,238,167 89,194,612 Claims and Services 3,961,555

• 3,961,555

642,912 Depreciation

• Total Expenses

3,961,555 $ 84,021,303 $ 3,029,918 $ 91,012,776 $ 90,650,578 $ Net Income (Loss) (1,198,391) (431,331) (836,023) (2,465,745) (373,214) Opening Net Position 2,665,532 15,016,072 2,311,025 19,992,629 14,318,520 Closing Net Position 1,467,141 $ 14,584,741 $ 1,475,002 $ 17,526,884 $ 13,945,306 $

Internal Service Funds

44

FY18 Final FY19 Tentative Revenues Local Charges for Services 5,891,601 $ 5,891,601 $ Federal Subsides 18,268,626 18,268,626 Commodities 1,527,862 1,527,862 Other 76,735 76,735 Total Revenues 25,764,824 $ 25,764,824 $ Expenses Food and Supplies 12,318,958 $ 12,318,958 $ Salaries and Benefits 10,897,941 10,897,941 Purchased Services 1,504,862 1,504,862 Depreciation 290,355 290,355 Other 482,381 482,381 Total Expenses 25,494,497 $ 25,494,497 $ Net Income (Loss) 270,327 270,327 Opening Net Position (1,885,670) (1,615,343) Closing Net Position (1,615,343) $ (1,345,016) $

Enterprise (Nutrition Services) Fund

45

General Fund Special Revenue Fund Debt Service Fund Capital Projects Fund Enterprise Fund Total All Funds

Revenues: Local Sources 339,029,278 4,146,953 56,867,594 50,577,619 5,891,601 456,513,045 State Sources 123,819,721 76,359,537

• 200,179,258

Federal Sources 490,000 42,700,000

• 19,873,223

63,063,223 Other Sources 80,000

• 1,688,018
• 1,768,018

Total Revenues 463,418,999 123,206,490 58,555,612 50,577,619 25,764,824 721,523,544 Expenditures: Salaries 272,910,510 100,033,927

• 3,139,364

7,911,669 383,995,470 Benefits 111,371,517 40,385,850

• 1,739,344

2,986,272 156,482,983 Purchased Services 18,935,412 12,855,199

• 43,118,584

1,504,862 76,414,057 Supplies 20,977,852 10,816,117

• 11,249,695

12,318,958 55,362,622 Property 783,190 164,932

• 3,577,000

290,355 4,815,477 Other 321,273 2,264,079 67,058,563 571,500 482,381 70,697,796 Budget Deficit (9,212,590)

• (9,212,590)

Total Expenditures 416,087,164 166,520,104 67,058,563 63,395,487 25,494,497 738,555,815 Excess of Revenues over Expenditures 47,331,835 (43,313,614) (8,502,951) (12,817,868) 270,327 (17,032,271) Other Sources (Uses): Other Sources/Transfers In

• 42,256,947

4,600,904

• 46,857,851

Other Outlays/Transfers Out (47,331,835)

• (2,000,000)
• (49,331,835)

Total Other Sources (Uses) (47,331,835) 42,256,947 4,600,904 (2,000,000)

• (2,473,984)

Net Change in Fund Balance

• (1,056,667)

(3,902,047) (14,817,868) 270,327 (19,506,255) Fund Balance, July 1 31,100,000 2,770,103 39,363,399 35,328,817 (1,615,343) 106,946,976 Fund Balance, June 30 31,100,000 1,713,436 35,461,352 20,510,949 (1,345,016) 87,440,721

All District Funds Summary

46

FY18-19 Budget Timeline

February-March

• Board Budget Work

Sessions April

• April 10 - Last

Opportunity for Board Approval of Tentative Budget (due April 15) May

• Public Hearing on

Tentative Budget (May 22)

• Last Opportunity for

Board Approval of Final Budget (May 22) June

• Final Budget Due by

June 8

M a r c h t h r u J u n e , 2 0 1 8

Continued Budget Review, Alignment with Priorities and Initiatives, Ongoing Review and Prioritization of Budget Offsets Department of Taxation Pro Forma Ad Valorem Projections File Tentative and Final Budgets Public Hearing on Tentative Budget

47