Agenda Item
Meeting Date: 6/8/2017 - 6:00 PM
Category: Discussion Item(s)
Type: Info
Subject: 2017 - 2018 Preliminary Budget Review
District Goals:
Goal 5
Effective and Efficient Use of Resources
Enclosure:
File Attachment:
Summary: We are presenting for your review and consideration the following reports:
2017-2018 Preliminary Budget Book including the preliminary budget for the General Operating Fund as well as the preliminary budgets for the Food Service Fund and Debt Service Fund.
Budgetary Impact: The preliminary budgets are presented for information, discussion and review. They reflect the anticipated revenue and projected expenses for the 2017-2018 school year given the current knowledge of the variable factors associated with school finance and CISD. We are using the current year revenue template while still awaiting the certified tax rolls. The budgets presented currently show CISD needing to use some reserve from our General Operating fund balance. However, we approved a similar budget scenario in the current year and due to conservative budgeting and underspending, we were able to overcome that deficit. Also, as mentioned, we are awaiting certified tax values from TAD that could eliminate the need to use our fund balance as well.
Recommendation: No action needed at this time. We will continue to review and update the preliminary budgets as new information is available.
Approvals:
Recommended By:
Signed By:
Stacey Adrian - Director of Accounting and Finance
Signed By:
Patricia Linares - Interim Superintendent