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Meeting Date:
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6/28/2016 - 4:30 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 2016-2017 Budget
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Attachment Summary
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Funds 1-73, Attendance, Cash Flow, Multi-Year Projections, Criteria & Standards, Workers Compensation Certification, Budget Certification, Education Protection Account, User-Friendly Budget
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File Attachment:
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Quick Summary / Abstract:
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Staff will present the District's 2016-2017 Budget for adoption.
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Background:
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The Board of Education is required to adopt a budget for the 2016-2017 school year prior to July 1, 2016.
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 just as final details of the State budget are revealed. The 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. The District will continue to maintain its current programs as well as add new services based on the Local Control Accountability Plan (LCAP) and Board 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 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. The Public Hearing was held June 7, 2016.
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Fiscal Impact
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2016-2017 General Fund Revenues are budgeted at $122,427,222. 2016-17 General Fund Expenditures are budgeted at $124,398,387. The ending fund balance is projected to be $4,858,201, of which $3,743,056 is set aside as a 3% reserve, $1,015,145 is restricted for Educator Effectiveness, and $100,000 is designated for revolving cash and stores inventory.
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Superintendent's Recommendation:
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Adopt the District's 2016-2017 budget as presented.
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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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Vote Results:
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| Original Motion | | Member Kate Runyon Moved, Member Anne White seconded to approve the Original motion 'Adopt the District''s 2016-2017 budget as presented.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 5 Nay: 0. | | The motion Carried 5 - 0 | | | | | Kate Runyon | Yes | | Craig Bueno | Yes | | Chuck Rogge | Yes | | Chris Wenzel | Yes | | Anne White | Yes | |
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