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Meeting Date:
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Category:
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INFORMATION / DISCUSSION ITEMS |
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Type:
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Subject:
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9.4 PUBLIC HEARING: 2023-2024 Budget Adoption |
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Attachment Summary:
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File Attachment:
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Quick Summary / Abstract:
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Background:
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The Board of Education is required to adopt a budget for the 2023-2024 school year prior to July 1, 2023.
Whenever a budget is presented for adoption, State law requires members of the public be provided an opportunity to address the Board of Education with any comments and concerns they may have about the proposed budget. A Public Hearing for this purpose was announced by the Alameda County of Office of Education in local newspapers in accordance with Education Code Section 42103. |
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Status: |
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The proposed 2023-2024 budget includes the Governor's May Revision as well as the Department of Finance's revenue projections. It is challenging to complete our budget planning before the final details of the State budget are known. Our District's budget is being submitted as a placeholder budget, which will be replaced by a 45-day revision after the Governor has signed the State budget. All items included in the proposed Local Control Accountability Plan are incorporated into this budget. |
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Fiscal Impact: |
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Proposed 2023-2024 General Fund Revenues are budgeted at $192,609,512. Proposed 2023-2024 General Fund Expenditures are budgeted at $205,299,216. The ending fund balance is projected to be $9,585,635 of which $6,158,977 is set aside as a 3% reserve, $3,023,230 is for restricted programs, and $284,475 is designated for revolving cash and stores inventory. This allows $118,953 to be allocated toward Board priorities. |
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Superintendent's Recommendation
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Members of the public are to be advised of the proposed 2023-2024 budget. The President of the Board of Education opens a Public Hearing, receiving public comments, and closes the Public Hearing. |
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Approvals:
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Recommended By: |
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Signed By: |
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Jodi Robison - Executive Assistant |
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Signed By: |
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Teresa Fiscus - Assistant Superintendent |
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Signed By: |
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Chris Van Schaack - Superintendent |
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