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Meeting Date:
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6/18/2024 - 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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10.6 Adoption of the 2024-2025 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 2024-2025 Budget for adoption.
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Background:
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The Board of Education is required to adopt a budget for the 2024-2025 school year prior to July 1, 2024.
The proposed 2024-2025 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 11, 2024.
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Fiscal Impact
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Proposed 2024-2025 General Fund Revenues are budgeted at $196,848,721. Proposed 2024-2025 General Fund Expenditures are budgeted at $206,374,463. The ending fund balance is projected to be $7,331,051 of which $6,191,234 is set aside as a 3% reserve, $664,000 for restricted programs, and $250,000 is designated for revolving cash and stores inventory. This allows $225,817 to be allocated toward Board priorities.
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Superintendent's Recommendation:
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Adoption of the District's 2024-2025 budget as presented.
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Approvals:
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Recommended By:
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Signed By:
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Lynn Kneizeh - 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 Steven Drouin Moved, Member Kristie Wang seconded to approve the Original motion 'Adoption of the District''s 2024-2025 budget as presented.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 5 Nay: 0. | | The motion Carried 5 - 0 | | | | | Craig Bueno | Yes | | Emily Prusso | Yes | | Kristie Wang | Yes | | Yanira Guzman | Yes | | Steven Drouin | Yes | |
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