|
|
|
|
|
Meeting Date:
|
5/4/2017 - 6:30 PM
|
|
Category:
|
ITEMS OF BUSINESS
|
|
Type:
|
Info
|
|
Subject:
|
1. Report on FY18 Strategic Planning & Budget Development
|
|
Strategic Plan Compatibility Statement:
|
Goal 1 Academic Achievement Goal 2 Student, Family and Community Engagement Goal 3 Effective and Efficient Operations
|
|
Attachments
|
Attachment(1):FY18 Strategic Planning & Budget Update
|
|
File Attachment:
|
|
|
Background:
|
Starting in July 2014, the District’s staff worked to develop a comprehensive operational plan to improve students’ outcomes. The Milwaukee Board of School Directors adopted the operational plan as the District’s Strategic Plan in September 2016. The objectives within this plan--the Eight Big Ideas--are reinforced by the District’s budget process and together ensure that key programs and projects are aligned, prioritized, and funded to support positive outcomes for our students.
In December 2016, the Administration and the Office of Accountability and Efficiency updated the Board on enrollment estimates for the coming school year, enrollment impact on the District’s available revenues, budget challenges, and changes to school-allocation inputs.
Attachment 1 to this item provides an update on the District’s strategic-planning-and budget-development process, including an updated five-year financial forecast for the School Operations Fund that is based on more current revenue and expenditure estimates.
Forecasting is the process of making predictions of the future based on past and present data and analysis of trends. MPS uses forecasting to determine how to allocate our budget and plan for anticipated expenses for the next fiscal year.
This intensive time of learning and implementation is rooted in improving educational accountability for all of Milwaukee’s children.
|
|
Fiscal Impact Statement:
|
This item does not authorize expenditures.
|
|
Implementation and Assessment Plan
:
|
The Administration will continue to prepare the Superintendent's proposed 2017-2018 (FY18) budget based on estimated revenue, enrollment, and the Strategic Plan's priorities.
|
|
Recommendation:
|
|
|
Approvals:
|
|
Recommended By:
|
|
Signed By:
|
|
|
Shannon Gordon - Senior Director
|
|
|
Signed By:
|
|
|
Gerald Pace - CFO
|
|
|
Signed By:
|
|
|
Dr. Darienne Driver - Superintendent
|
|
|
|
|
|
|
|
|