Budget Parameters Updated from September 13, 2016 Board Work - - PowerPoint PPT Presentation

Budget Parameters

Updated from September 13, 2016 Board Work Session

The Past Five Years

December 2010 - $594,000 reduction from the budget mid-year & 15% unrestricted fund balance parameter approved March / June 2011 - $5 million in budget cuts recommended & approved in Prelim Budget

Past Cont.

April 2012 – Prop 1 passes September 2012 – a four year 2% expenditure parameter plan approved to meet the 15% parameter through 2019-20

Past Unrestricted Fund Balances

2010-11 Budget Year - $9,658,220 2015-16 Budget Year - $31,067,785 (Fund balances purposely increase for planned

potential deficit budgets)

Future Expenditure Plan

2% Checkpoints and Absolute Parameter

2016-17 - $59,248,816 2017-18 - $60,433,792 2018-19 - $61,442,468 2019-20 - $62,671,317 2020-21 - $63,9 ,924,7 ,743

(Total unrestricted increase over five years to be equal to

• r less than $4,675,927 unless otherwise approved by the

BOE)

Capital Expenditures Included

2% Increases Allowed 2016-17 - $2,388,286 2017-18 - $2,436,052 2018-19 - $2,484,773 2019-20 - $2,534,468 2020-21 - $2,585,157

(Capital expenditures may be reduced and the

unrestricted parameters increased an equal or lesser amount; total increase is $196,871)

Review of Docs

Planning Spreadsheet A) 2023-24 (seven years) B) Revenues (1.25% & .5%) C) Notes