Agenda Item
Meeting Date: 4/12/2018 - 6:30 PM
Category: SCHOOL DIVISION BUSINESS
Type: Action
Subject: FY 2018/19 Budget Update (7:50 - 8:10)
ACPS Division Objective :
Policy: DB - Annual Budget
Enclosure:
File Attachment:
041218 Budget Update2.pptx
Summary: The most up-to-date information will be provided during the meeting. Additional local funding has been proposed and state funding is still under discussion. Both local government and school staff recommend passing a school budget using the best available numbers by the April 26 meeting to issue teacher contracts and move forward with financial operations for next school year. Staff believes that the budget may be addressed in a single meeting on April 26.
Funding: Local funding has increased. Staff may also recommend the use of fund balance over a 2 year period to offset the 2 year impact of the composite index. Other strategies may be presented as well.
Recommendation: Receive presented information in preparation for budget adoption on April 26.
Approvals:
Recommended By:
Signed By:
Jackson Zimmermann - School Finance Officer
Signed By:
Rosalyn Schmitt - Chief Operating Officer
Signed By:
Dean Tistadt - Chief Operating Officer
Signed By:
Dr. Matt Haas - Superintendent
Signed By:
Dr. Pamela Moran - Superintendent