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Meeting Date:
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6/13/2017 - 5:30 PM
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Category:
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INFORMATION / DISCUSSION ITEMS
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Type:
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Info
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Subject:
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9.3 PUBLIC HEARING: 2017-2018 Budget Adoption
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Attachment Summary
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Budget Assumptions, General Fund, Funds 11-73, Multi-Year Projections
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File Attachment:
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Quick Summary / Abstract:
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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 Office of Education in local newspapers in accordance with Education Code Section 42103.
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Background:
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The proposed 2017-2018 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. The 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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Status
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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 Office of Education in local newspapers in accordance with Education Code Section 42103.
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Fiscal Impact
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Proposed 2017-2018 General Fund Revenues are budgeted at $134,267,178. Proposed 2017-2018 General Fund Expenditures are budgeted at $136,565,783. The ending fund balance is projected to be $4,433,885, of which $4,096,973 is set aside as a 3% reserve, $200,000 is designated for revolving cash and stores inventory, and $136,912 is undesignated.
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Superintendent's Recommendation:
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Members of the public are to be advised of the proposed 2017-2018 budget. The President of the Board of Education opens a Public Hearing, receives 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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Susan Kinder - Assistant Superintendent
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Signed By:
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Kelly Bowers, Ed.D. - Superintendent
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