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Meeting Date:
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6/7/2016 - 6:00 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: 2016-2017 Budget Adoption
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Attachment Summary
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Budget Assumptions, Multi-Year Projections, General Fund, Funds 11-73
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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 2016-2017 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 2016-2017 General Fund Revenues are budgeted at $122,519,222. Proposed 2016-2017 General Fund Expenditures are budgeted at $124,490,590. The ending fund balance is projected to be $4,857,997, of which $3,737,853 is set aside as a 3% reserve, $1,015,144 is restricted for Educator Effectiveness, and $105,000 is designated for revolving cash and stores inventory.
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Superintendent's Recommendation:
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Members of the public are to be advised of the proposed 2016-2017 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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