Scott Roberts, Chief Financial Officer shared information with the board on a proposed amendment to the 2019-2020 budget.
At the close of the 2018-19 fiscal year, the OPS general reserve was at 27.26% of the prior year general fund expenses. State statue allows districts of our size to have an allowable reserve of 20%. OPS policy #3011 requires funds in excess of the 20% to be utilized for one-time, non-recurring expenses. The proposed amendment will bring the OPS reserve below the 20% cap.
Cost reductions by all departments in the 2017-18 year resulted in a more cautious approach to spending in 2018-19. Major spending was also reviewed to ensure the focus was on student performance and outcomes.
Some spending was deferred to the 2019-20 year to ensure alignment with the District's new Strategic Plan of Action.
The proposed amendment includes projects that are directly aligned with the District's Strategic Plan of Action. They are meaningful initiatives that are focused on improving student outcomes. Spending directly relates to enhancing student performance, improving effectiveness of curriculum and instruction, upgrading student learning environments and providing infrastructure support and upgrades. Some purchases may lessen the need for teacher purchased items. The items below and their estimated costs are included in the proposed amendment:
- Classroom Materials - Early Literacy - $4.5 million
- Curriculum Support - New ELA Adoption - $2.0 million
- Curriculum Extension (K-5 Math and Science) - $1.6 million
- Classroom Materials - Technology - $6.5 million
- Classroom Materials - Multi-Sensory - $5.3 million
- Classroom Upgrades - Turn-Around Schools - $1.5 million
- Facilities Upgrades - Security - $8.4 million
- Network Security and Data Center Upgrades - $2.5 million
- Student Transportation - $2.5 million
- District Support and Maintenance - $2.2. million
The total proposed amendment is for $37 Million.
The Board will hold a public hearing on the budget amendment on Feb. 20 at 6 p.m. prior to the regularly scheduled meeting. The Board will discuss and vote at the Board of Education meeting that begins at 6:30 p.m. the same evening.
To view the entire presentation or specifics on each of the proposed areas of spending,