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Meeting Date:
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6/26/2018 - 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 2018-2019 Budget
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Attachment Summary
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Budget Assumptions,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 2018-2019 Budget for adoption.
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Background:
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The Board of Education is required to adopt a budget for the 2018-
2019 school year prior to July 1, 2018.
The proposed 2018-2019 budget includes the proposed SB840 that is awaiting the Governor's approval 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-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 12, 2018 at a regularly scheduled meeting of our Board of Education.
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Fiscal Impact
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Proposed 2018-2019 General Fund Revenues are budgeted at
$145,951,226. Proposed 2018-2019 General Fund Expenditures are
budgeted at $146,879,544. The ending fund balance is projected to be $4,615,069, of which $4,406,387 is set aside as a 3% reserve, $200,000 is designated for revolving cash and stores inventory, and $8,681 for future year mandated STRS/PERS obligations.
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Superintendent's Recommendation:
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The Superintendent recommends adoption of the District's 2018-2019 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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