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Meeting Date:
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6/12/2018 - 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: 2018-2019 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 2018-2019 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 2018-2019 General Fund Revenues are budgeted at
$147,131,759. Proposed 2018-2019 General Fund Expenditures are
budgeted at $144,768,148. The ending fund balance is projected to be $8,518,303, of which $4,343,044 is set aside as a 3% reserve. Of the remaining $3,975,259, $200,000 is designated for revolving cash and stores inventory, $2,111,396 for a proposed competitive compensation adjustment, $250,000 for refreshing of equipment, and $1,613,863 for future year mandated STRS/PERS obligations.
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Superintendent's Recommendation:
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Members of the public are to be advised of the proposed 2018-2019
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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