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Meeting Date:
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10/24/2017 - 5:30 PM
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Category:
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ITEMS OF BUSINESS
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Type:
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Info
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Subject:
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1. Work Session on Proposed Amendments to the Adopted 2017-18 (FY18) Budget for School Operations, Construction, and Extension Funds
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Strategic Plan Compatibility Statement:
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Goal 1 Academic Achievement Goal 2 Student, Family and Community Engagement Goal 3 Effective and Efficient Operations
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Attachments
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Attachment 1: 2017-18 (FY18) Budget and Staffing Changes Summary
Attachment 2: 2017-18 (FY18) Budget Resolutions for School Operations, Construction, and Extension Funds
Attachment 3: Board and Title I Spring to Fall School Changes
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File Attachment:
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Background:
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The Wisconsin Department of Public Instruction (DPI) certified school district’s aid amounts and updated the district’s revenue-limit worksheet on October 13, 2017. Since the institution of revenue limits, it has been routine to amend the district's annual budget at this point in the fiscal year in order to adjust projections to actual revenue and enrollment. These changes require adjustments to revenues and expenditures, as well as technical adjustments to the Superintendent’s proposed 2017-18 budget as adopted by the Milwaukee Board of School Directors (Board) on May 25, 2017.
Attachment 1 summarizes the recommended adjustments to the budget adopted in May, based on current data and the priorities established in the district’s Strategic Plan.
As this is a work session, no public testimony will be taken and action on the proposed amendments will be deferred to the Board's regular monthly meeting scheduled for October 26, 2017.
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Fiscal Impact Statement:
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Approval of the proposed changes as outlined in Attachment 1 will result in a total budget, including estimated categorical grants, of $1,182,103,048 based upon current law and revenue limit calculations.
In accordance with Board Rule 1.14(3), “A recorded affirmative vote of two-thirds of the Board membership shall be necessary to … request tax funds or the sale of bonds for the purpose of school construction.”
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Implementation and Assessment Plan
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Recommendation:
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Approvals:
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Recommended By:
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Signed By:
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Shannon Gordon - Senior Director
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Signed By:
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Dr. Darienne Driver - Superintendent
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