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Meeting Date:
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6/20/2023 - 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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10.7 Adoption of the 2023-2024 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 2023-2024 Budget for adoption.
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Background:
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The Board of Education is required to adopt a budget for the 2023-2024 school year prior to July 1, 2023.
The proposed 2023-2024 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 13, 2023.
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Fiscal Impact
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Proposed 2023-2024 General Fund Revenues are budgeted at $192,609,512. Proposed 2023-2024 General Fund Expenditures are budgeted at $205,299,216. The ending fund balance is projected to be $9,585,635 of which $6,158,977 is set aside as a 3% reserve, $3,023,230 is for restricted programs, and $284,475 is designated for revolving cash and stores inventory. This allows $118,953 to be allocated toward Board priorities.
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Superintendent's Recommendation:
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Our Superintendent recommends Adoption of the District's 2023-2024 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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Teresa Fiscus - Assistant Superintendent
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Signed By:
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Chris Van Schaack - Superintendent
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Vote Results:
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| Original Motion | | Member Emily Prusso Moved, Member Yanira Guzman seconded to approve the Original motion 'Our Superintendent recommends Adoption of the District''s 2023-2024 Budget as presented.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 4 Nay: 0. | | The motion Carried 4 - 0 | | | | | Craig Bueno | Yes | | Emily Prusso | Yes | | Kristie Wang | Yes | | Yanira Guzman | Yes | |
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