To: Michael Green, Superintendent
Subject: 19-20 Budget Approval
From: Stacy Brown, Director of Business Services
Date: August 8, 2016
The board packet includes the following documents:
Please take a look at the presentation to get an overview of the 19-20 budget. I also attached the budgeted sources and uses document and a more detailed review of the revenues and expenditures, with some explanation of differences that weren’t covered in the presentation.
The F-195 Budget Summary pages include detailed revenue and expenditure information on 17-18 actuals, 18-19 budget, and 19-20 budget figures. This will give you a wealth of information about the district’s finances, comparing the 3 years. I would like you to review the detailed revenues and expenditures. After the presentation, we can go over your specific questions during the meeting.
Beginning in 18-19, the legislature now requires every district in the state to prepare a 4-year budget projection. This is attached and please remember this is based on estimates. With the change, the legislature made to the levy collection for 2020 (increase ability to collect $2.50/thousand, instead of $1.50/thousand) the projection is much better than last year’s projection. However, by 21-22 we will need to make certificated and classified cuts to balance the budget. We will discuss this document at the meeting.
The F-195 Budget Document is over 200 pages. In the spirit of transparency, I wanted to include the entire document. RCW requires that the budget be available to citizens, so a copy is also posted on the district website and hard copies are available in the district office if anyone is interested.
Please let me know if you have any questions.