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Meeting Date:
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6/28/2022 - 7:00 PM
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Category:
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DISCUSSION / ACTION ITEMS
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Type:
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Action
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Subject:
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10.2 Adoption of the 2022-2023 Budget
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Attachment Summary
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File Attachment:
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Quick Summary / Abstract:
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Staff will present the District's 2022-2023 Budget for adoption.
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Background:
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The Board of Education is required to adopt a budget for the 2022-2023 school year prior to July 1, 2022.
The proposed 2022-2023 budget includes the Governor's May Revision as well as our District's revenue projections. It is challenging to complete our budget planning just as final details of the State budget are revealed. Our District's budget is being submitted as a placeholder budget, which will be replaced by a 45-day revision once the Governor has signed the State budget. Our District will continue to maintain its current programs as well as add new services based on the Local Control Accountability Plan (LCAP) and Board-established budget priorities. All items included in the proposed LCAP 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 our 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. The Public Hearing was held June 14, 2022.
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Fiscal Impact
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Proposed 2022-2023 General Fund Revenues are budgeted at $179,689,590. Proposed 2022-2023 General Fund Expenditures are budgeted at $182,908,345. The ending fund balance is projected to be $7,667,873 of which $5,487,255 is set aside as a 3% reserve, $1,730,151 is projected to be carried over for future year plans, and $250,000 is designated for revolving cash and stores inventory. This allows $200,467 to be allocated towards ongoing staffing adjustments.
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Superintendent's Recommendation:
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Adoption of the District's 2022-2023 budget as presented.
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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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Susan Kinder - Assistant Superintendent
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Signed By:
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Kelly Bowers, Ed.D. - Superintendent
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Vote Results:
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| Original Motion | | Member Anne White Moved, Member Emily Prusso seconded to approve the Original motion 'Adoption of the District''s 2022-2023 budget as presented.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 5 Nay: 0. | | The motion Carried 5 - 0 | | | | | Craig Bueno | Yes | | Anne White | Yes | | Emily Prusso | Yes | | Kristie Wang | Yes | | Yanira Guzman | Yes | |
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