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2017-2018 Revised Budget September 26, 2017 Dr. Drew Passalacqua

Assistant Superintendent, Business Services

Briana Hennes Senior Director, Business Services

• Adopted Budget (2017-18) •  Forecasted Revenue and Expenditures

• Multi-Year Projections (MYP)

• Revised Budget (2017-18) •  Updated Revenue and Expenditures Including

Unaudited Actuals and Governor’s Final Adopted Budget

• Multi-Year Projections (MYP) Updated

•  Required Budget Reductions 18-19 and 19-20

Revised Budget Report

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• Adjustment of ADA Percentage

• Updated Enrollment Projections

• Updated Staffing/Health Plans

• Unaudited Actuals Reduction

• Reduction of Gap Funding

Adjustments Since Adopted Budget

• 2017-18 43.97% to 43.19% • 2018-19 71.53% to 66.12% • 2019-20 73.51% to 64.92%

$940,000 Reduction

Gap Funding Reduction

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• 17-18 $147 Per Student

• 18-19 and 19-20

One-Time Dollars

Multi Year Projections Unrestricted

2017-2018 2018-2019 2019-2020

Beginning Balance $10,248,014 $5,991,650 $4,298,655

Revenue $82,206,279 $82,325,054 $83,765,596

Expense $86,462,643 $84,018,049 $84,225,492

Ending Balance $5,991,650 $4,298,655 $3,838,759

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Multi Year Projections Unrestricted and Restricted

2017-2018 2018-2019 2019-2020

Beginning Balance $15,158,197 $8,675,967 $6,685,889

Revenue $109,380,156 $109,219,074 $110,659,616

Expense $115,862,386 $111,209,152 $112,018,399

Ending Balance $8,675,967 $6,685,889 $5,327,106

•  Approve Budget Reduction Resolution Tonight

•  Approve Revised Budget

•  Submit Revised Budget to the County Office for Review and Approval

•  Budget Committee

•  Update Budget 1st Interim

•  Identify Round 1 Cuts by 2nd Interim

•  Identify Round 2 Cuts by Adopted Budget

Next Steps