Superintendents Budget Update | February 2020
Posted on 02/03/2020
The mid-year budget solution process was completed on January 30, 2020. Based on budget challenges identified during the first half of the school year, the board made approximately $5.5 million in mid-year reductions to the unrestricted budget. The majority of the mid-year budget solutions ($3.9 million) were focused at the district office. The principals played a central role in this process in order to minimize the impact of the budget solutions at the school level ($1.6 million). The majority of the solutions were not reductions, but, rather, budget shifts from unrestricted to restricted funding sources. Please find below the presentation used for the mid-year budget solution process and the itemization of the budget reductions.
It is important to note that the need for mid-year budget solutions is due to the low budget reserve level (currently just over the minimum required level of 3%). The board will be working with the Superintendent to slowly raise the level of budget reserves so that unforeseen impacts on the budget during the year (i.e. low attendance rate due to increased absenteeism) do not cause the district to reduce programs and services in mid-year.
Mid-Year Budget Solutions Presentation 2019-20
Mid-Year Budget Solution Worksheet 2019-20