Budget Factors: Revenue collected in taxes Revenue received in - PowerPoint PPT Presentation

Budget Factors: • Revenue collected in taxes • Revenue received in state aid • Expenditures paid to the state in the form of recapture/Robin Hood

Budget Process

December: • FTEs (positions) needed

December: January: • FTEs (positions) Budget Training • needed

December: January: March: • FTEs (positions) Budget Training • Department • needed budgets due

December: January: March: • FTEs (positions) Budget Training • Department • needed budgets due April: • Salary projections

December: January: March: • FTEs (positions) Budget Training • Department • needed budgets due May: April: • First Budget • Salary projections Workshop • Enrollment Tax Revenue • • Recapture/Robin Hood • Beginning teacher salaries Future year scenarios •

December: January: March: • FTEs (positions) Budget Training • Department • needed budgets due June: May: April: • Second Budget • First Budget • Salary projections Workshop Workshop • Updates to budget Food Services budget •

June Board Meeting: • Starting salaries & salary increases approved

June Board Meeting: July Board Meeting: • Starting salaries & • Budget update salary increases • Limited changes approved

June Board Meeting: July Board Meeting: August: • Starting salaries & • Budget update • Third Budget salary increases • Limited changes Workshop approved • Budget updated using the cer certified ed alues received on July 25 th asse ssesse ssed valu Updates to: • Tax collection revenue • State aid • Recapture expense (Robin Hood) • Debt Service budget • Fund/Function level budget

Budget Update

August 27, 2018 Budget and Proposed Tax Rate hearing – 5:30pm • The purpose of this meeting is to discuss the school district’s budget that will determine the tax rate that will be adopted. Public participation in the discussion is invited. • Regular Board Meeting – 7:00pm • Budget adoption • Tax rate adoption