Agenda Item
Meeting Date: 10/29/2019 - 6:30 PM
Category: Items of Business
Type: Action
Subject: 1. Action on a Request to Approve the 2019-20 (FY20) Proposed Fall Budget Adjustments to the Adopted FY20 Budget and Recommended Organizational Adjustments
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: 1. Attachment (1) 2019-20 (FY20) Proposed Fall budget Adjustments
2. Attachment (2) 2019-20 Superintendent's Final Adopted Budget Resolutions
3. Attachment (3) Organizational Adjustments
File Attachment:
ATTACHMENT 1 2019-20 (FY20) Proposed Fall Budget Adjustments.pdf
Attachment (2) 2019-20 Superintendent's Final Adopted Budget Resolutions.pdf
Attachment (3) Organizational Adjustments.pdf
Background: The Wisconsin Department of Public Instruction (DPI) certified school district's aid amounts and updated the district's revenue limit worksheet on October 15, 2019. 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 proposed 2019-20 budget as adopted by the Milwaukee Board of School Directors (Board) on May 30, 2019.

Attachment 1 summarizes the recommended fall changes to the budget adopted in May 2019, based on current data and the priorities established in the Board's three goals of academic achievement; student, family and community engagement; and effective and efficient operations.
Fiscal Impact Statement: Approval of the proposed fall budget changes as outlined in Attachment 1 will result in a total budget, including estimated categorical grants, of $1,216,369,764, 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."
Implementation and Assessment Plan Upon Board approval the budget will be updated with the approved changes.

The resolutions adopted by the Board will be transmitted to the Common Council of the City of Milwaukee for adoption as prescribed by State Statutes 119.46 and 119.48, prior to the adoption of the city budget in November 2019.
Recommendation: The Administration recommends the Board adopt the fall budget changes and organizational adjustments as proposed and that the annual budgetary resolutions be adopted as indicated in Attachment 2 to this item.
Approvals:
Recommended By:
Signed By:
Lynn Ruhl - Director of Financial Planning and Budget
Signed By:
Martha Kreitzman - Chief Financial Officer
Signed By:
Keith Posley, Ed.D. - Superintendent