April 5, 2024 at 8:15 AM - Budget Committee Meeting

Description:  The purpose of this agenda item is to review the projected end of the year balance. The 23-24 Fund 10 budget approved by the School Board in October was balanced and included a $100,000 contingency. As of the end of March, the school board has not approved any costs to come out of the contingency budget. 

There are three other items to note: 
1) The utility expenditures could exceed the utility budget. 2022-23 expenditures were $1.3 million while the 2023-24 budget includes $1.12 million for utilities. Locking in 50% of our natural gas rates reduces the likelihood of an overage. 
2) Transportation fuel clause expenses could result in an additional budgetary impact of $75-100,000. 
3) Postemployment benefit payments have not been budgeted for the last several years. The budget committee makes a decision on this payment towards the end of the fiscal year. 
4) High Cost Special Education Aid will increase revenues by $350-375,000. Administration has accounting recommendations for 2023-24 to maximize the federal, state, and local special education funds. These recommendations are provided in the 2024-25 "Next Steps" agenda item.

Description:  The purpose of this agenda item is to discuss the draft of the 2024-2025 budget process. Attached please find the budget timeline. 

Description:  Administration will review the next steps in the 2024-25 budget planning process. Attached please find a memo that outlines accounting changes and FTE additions for the 2024-25 school year. These FTE additions are the highest priorities based on the building/department meetings. 

Description:  The purpose of this agenda item is to review the draft traffic analysis study. Attached please find the maps of each school that was evaluated. Administration will review each map with the committee, share recommendations and request feedback.

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