Top 5 Event & Dates for District Budget Process

Top 5 List of Events and Dates in the development of the district budget

Week 2 Assignment 2

January

Develop a revenue forecast 

Look at the economy, projected enrollment, and property growth to see if there is an increase or decrease.  Reason for this is that you do not want to look at expenditures before you know what you will be able to afford.  Also in January you need to development a critical time-line for the budget process.

January

Communication 

It’s important to gain insights from all stakeholders during the budget process.  Stakeholders provide updated information about district/campus needs.

February/March

Solidify Revenue Projection

This will give you a good foundation for the expenditure budgets to be formulated.  There are five areas of expenditure forecast (1) staffing (85% of budget); (2) campus budgets which are based on per student allotments; (3) department budgets, utilities, insurance, and supplies; (4) special programs, Special Education,  Migrant, ESL, Comp Education, and Gifted and Talented; (5) Capital replacement needs.

July

Receive certified taxable property value and PEIM’s, ADA/WADA data from previous year.  Revising the budget data in light of any updated information that can change the original forecast if needed.

August

Board approval of the budget

These dates and events are important because they impact the creation, implementation, and management of the district funded process from start to completion.