At the Board Meeting, Chief Financial Officer Connie Knoche shared an overview of the preliminary 2018-19 budget. The anticipated general fund revenues are approximately $594 million. The 2018-19 estimated expenditures are approximately $613 million. The additional funds needed to balance the budget will come from a planned drawdown of the unrestricted fund balance.
The budget includes the previously recommended cuts of approximately $29 million. The bulk of those cuts were made at the central office. The total cuts from central office included $13.4 million and approximately 60 full-time employee positions.
The budget planning process will include studying the following areas for assessing efficiencies that could save the district money:
- Eliminate Extended Day/Year Programs
- Transportation efficiencies
- Cell phone stipends
- Out-Source Secondary Success
- Shut Down Central Office for 1 week
- Non-Classroom certificated staff reductions
- Magnet Programs at all levels
- Pension Plan path forward
- Summer School
The budget development timeline is below.
Budget Development Timeline
Aug. 20 - Assessed Valuation Certifications
Aug. 27 - Publication of Budget Hearing Forms
Sept. 5 - Budget Hearing and Adoption
Sept. 20 - Budget Filing Deadline
Oct. 12 - Resolution Setting Property Tax