Budget Development Process Board of Education Retreat August 23, - - PowerPoint PPT Presentation

2015/2016 Budget Development Process

Board of Education Retreat August 23, 2014

Goals – Objectives

2014/2015 Adopted Budget – page 25

The Budget will:

Effectively allocate monetary resources to enhance Student Achievement; Clearly communicate the financial state

• f the district to the public;

Comply with all state, federal, and local statutes and regulation as well as internal organizational controls; Identify all budgetary changes from year to year; and Set appropriations to ensure positive reserve balances in all funds.

The Process will continue to:

Meet specified deadlines while producing a comprehensive and accurate budget; Provide opportunities for community and staff input; Identify budget assumptions fused for the development process; Use forecasting to anticipate future needs and resources; and Review all programs and departments.

2014/2015 Adopted Budget – page 25

Goals – Objectives

Board Thinking on Objectives

Changes – Additions – Deletions

      

Budget Development Process

Continuing

• Community Input
• Transparent
• SPAC

Improvements

• Student-based Budgeting
• SAC Input Process
• SPAC Input Process
• Earlier Timeline:

 May Budget Adoption

Timeline

Aug 2014

• 23rd –

Board Re Retre reat at

• Preliminary

Direction on Budget Development Process

• High Level

presentation on Student Based Budgeting (SBB)

Sept 2014

• Board Study

y Sessio ion

• Student Based

Budgeting (SBB)

• Comprehensive

Direction on Budget Development Process

• Community

Outreach Framework

• Financial

ancial Oversi sight ght Committ mittee ee

• SBB
• Reserves

Oct 2014

• Board Study

y Session ion

• Early BOE

direction on compensation placeholders, charter funding, fees, etc.

• SPAC
• SBB
• Budget

Development Process

• SAC
• SBB
• Budget

Development Process

Nov 2014

• 6th - Boar

ard Re Regul ular ar Meeting ing

• Staff

Recommendatio ns Department Budgets based

• n

service/progra m review and prioritization

Dec 2014

• 11th - Board

Study y Session

• n
• Early Budget

Forecast

• BOE Direction
• n budget
• October Count

& Gov Budget Proposal

• SPAC
• Early Budget

Forecast

• October Count

& Gov Budget Proposal

Timeline

Jan 2015

• Board

Community munity Forums ums

• SAC/DAC
• School level

accountability groups meet

• District level

accountability group meets

• Open

n Citize zen n Budget t tool for two weeks

Feb 2015

• Board Study

y Session ion

• SAC/DAC/

FOC, Community input presented to BOE

• BOE Direction
• n budget

Mar 2015

• 19th

h - Boar ard Re Regul ular ar Meeting ing

• Final BOE

direction on 2015/2016 Proposed Budget before Spring Break

Apr 2015

• 3 weeks to

develop Proposed Budget for April 16 BOE meeting

May 2015

• 7th - Boar

ard Study y Session ion

• Presentation of

Proposed Budget (will include a revised forecast if any legislation is final.)

• Proposed budget

must be presented to the BOE no later than June 1 per C.R.S. 22-44- 108(1)

• BOE Final Revisions

to Proposed Budget for Public Hearings

• Board Re

Regul ular ar Meeti ting ng

• Public Hearings
• Budget Adoption

Board Thinking on Process

Changes – Additions – Deletions

 Specific requests of SPAC? SAC’s?  Specific requests of FOC?  Community outreach suggestions? Pulse?  Information needed to assist in decision-making?   