Agenda Item
Meeting Date: 5/9/2019 - 6:30 PM
Category: ITEMS OF BUSINESS
Type: Info
Subject: 1. Informational Overview and Public Hearing on the 2019-20 Superintendent's Proposed Budget
Strategic Plan Compatibility Statement:
Goal 1
Academic Achievement
Goal 2
Student, Family and Community Engagement
Goal 3
Effective and Efficient Operations
Policy: Admin Policy 3.01 - Annual Operating Budget
Attachments: Attachments Pending
Attachment (A) Transmittal Letter
Attachment (B) Table of Contents
Attachment (1) Executive Summary
Attachment (2) Organizational Section
Attachment (3) Financial Section
Attachment (3A) Schools
Attachment (3B) Central Services
Attachment (3C) Line Items
Attachment (4) Informational Section
Attachment (5) 2019-20 Superintendent's Proposed Budget Overview
File Attachment:
Attachment (A) Transmittal Letter.pdf
Attachment (B) Table of Contents.pdf
Attachment (1) Executive Summary.pdf
Attachment (2) Organizational Section.pdf
Attachment (3) Financial Section.pdf
Attachment (3A) Schools.pdf
Attachment (3B) Central Services.pdf
Attachment (3C) Line Items.pdf
Attachment (4) Informational Section.pdf
Attachment (5) 2019-20 Superintendent's Proposed Budget Overview.pdf
Background: The district's financial planning and budget development is a year-round process. The process is guided by the Milwaukee Board of School Directors' goals, the Five Priorities for Success and the approved budget parameters.

The proposed budget is organized into four sections: Executive Summary; Organizational; Financial, including Schools, Central Services and Line Items; and Informational, including City Profile, MPS Profile and Glossary. The attached proposed budget is a reflection of the collaborative efforts of school, family, district and community stakeholders and the Milwaukee Board of School Directors. Meaningful discussions took place to determine where and how public dollars are spent ensuring equitable resource allocation prioritizing funding for schools.

The spirit of this information overview is to publicly report and seek input from taxpayers concerning support for students and schools. It is incumbent upon the district to spend funding responsibly. This committee meeting and others planned as part of the budget timetable provide an opportunity for further budget review and discussion with the community and the Milwaukee Board of School Directors.

Even within an atmosphere of static revenues and increasing costs, the budget presented prudently allocates resources to sustain funding in schools to stimulate student achievement.
Fiscal Impact Statement: The proposed budget for July 1, 2019 through June 30, 2020 is balanced. A balanced budget is one in which authorized expenditures for the School Operations Fund match the projected revenues.

Projected 2019-20 revenue in the general operations budget is $944.7 million, which is only a 0.2 percent increase of $1.5 million compared to the 2018-19 fiscal year.

The total proposed budget, which includes grant funding and funding for Milwaukee Recreation is $1.2 billion. Compared to fiscal year 2018-19 this is a 1 percent increase that is mainly attributable to a projected increase in the Categorical Fund (grants) and Extension Fund.
Implementation and Assessment Plan
Recommendation:
Approvals:
Recommended By:
Signed By:
Martha Kreitzman - Chief Financial Officer
Signed By:
Christopher Hauser - Interim Deputy Superintendent
Signed By:
Keith Posley, Ed.D. - Superintendent