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Meeting Date:
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10/30/2017 - 7:30 PM
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Category:
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Items of Business
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Type:
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Action
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Subject:
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1. Action 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 (updated 10/25/17)
Attachment 2: 2017-18 (FY18) Budget Resolutions for School Operations, Construction, and Extension Funds (updated 10/25/17)
Attachment 3: Board and Title I Spring to Fall School Changes (updated 10/25/17)
Proposed Budget Amendment 1 - Harris
Proposed Budget Amendment 2 - Falk
Proposed Budget Amendment 3 - Bonds & Sain
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File Attachment:
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Background:
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[Note: As a result of updated revenue information, the attachments to this item have been updated.]
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.
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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 $1,182,128,031, 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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The Administration recommends the Board adopt the budget changes as proposed and that the annual budgetary resolutions be adopted as indicated in Attachment 2 to this item.
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Approvals:
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Recommended By:
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Signed By:
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Dr. Darienne Driver - Superintendent
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