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 The Budget will: Effectively allocate monetary resources to enhance Student Achievement; Clearly communicate the financial state of 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. 2014/2015 Adopted Budget – page 25

Goals – Objectives 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

Board Thinking on Objectives Changes – Additions – Deletions       

Budget Development Process Continuing Improvements • Community Input • Student-based Budgeting • Transparent • SAC Input Process • SPAC • SPAC Input Process • Earlier Timeline:  May Budget Adoption

Timeline Sept 2014 Aug 2014 Oct 2014 Nov 2014 Dec 2014 • Board Study y • Board Study y • 6th - Boar ard • 11th - Board • 23rd – Session ion Sessio ion Regul Re ular ar Meeting ing Study y Session on Board Re Retre reat at • Student Based • Early BOE • Staff • Early Budget • Preliminary Budgeting direction on Recommendatio Forecast Direction on (SBB) compensation ns Department Budget • BOE Direction placeholders, Budgets based Development • Comprehensive on budget charter funding, on Direction on Process • October Count fees, etc. service/progra Budget • High Level & Gov Budget m review and Development presentation on Proposal prioritization Process Student Based • SPAC • Community Budgeting • SBB • SPAC Outreach (SBB) • Budget • Early Budget Framework Development Forecast Process • October Count • Financial ancial & Gov Budget Oversi sight ght • SAC Proposal Committ mittee ee • SBB • SBB • Budget • Reserves Development Process

Timeline Jan 2015 Feb 2015 Mar 2015 Apr 2015 May 2015 • Board • Board Study y • 19th h - Boar ard • 3 weeks to • 7th - Boar ard Study y Community munity Session ion Re Regul ular ar Meeting ing develop Session ion Forums ums Proposed • SAC/DAC/ • Final BOE • Presentation of Budget for • SAC/DAC FOC, direction on Proposed Budget April 16 BOE Community 2015/2016 (will include a • School level meeting input Proposed revised forecast accountability presented Budget before if any legislation groups meet to BOE Spring Break is final.) • District level • BOE Direction • Proposed budget accountability on budget must be presented group meets to the BOE no later than June 1 per • Open n Citize zen n C.R.S. 22-44- Budget t tool for 108(1) two weeks • 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?   