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Three Year Preliminary Budget Forecast

Three Year Preliminary Budget Forecast. Our goal is to continue to provide quality education for all children in the Onondaga Central School District. Purpose – outline current conditions that are impacting our draft 2012-13, 2013-14, and 2014-15 budgets.

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Three Year Preliminary Budget Forecast

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  1. Three Year Preliminary Budget Forecast • Our goal is to continue to provide quality education for all children in the Onondaga Central School District. • Purpose – outline current conditions that are impacting our draft 2012-13, 2013-14, and 2014-15 budgets. • It’s still early in the process and there are many best guess estimates, i.e. state aid.

  2. Budget Process • Budget Development • Budget calendar, adopted by BOE on October 11, 2011 • Zero-based or justification budgeting • Draft budget to Board of Education on March 13th • Budget Presentation • District newsletter, to be mailed on April 24, 2012 • Public hearing, May 8, 2012, 6 pm, Wheeler Cafeteria • Budget notice, to be mailed on May 9, 2012 • Budget Adoption • Board of Education adoption April 17th • Budget Vote on May 15, 2012 • Budget Administration • July 1, 2012 – June 30, 2013

  3. Estimated 2012-13 Appropriation ChangesContractual Obligations

  4. 2012-13 Revenue Changes • Lose $ 28,165 in sales tax • Lose $331,498 in the Education Jobs fund • Net loss ($359,663), all else being equal. • Versus 2011-12 revenue changes: Net loss ($290,204), all else being equal.

  5. Next Steps • Present this fiscal information to the staff. • Update the Presidents of the bargaining units. • OCSD staff budget work session – January 30th. • Community budget work session – February 13th. • Continue to pursue additional revenue sources, i.e. grants. • Explore potential cost reductions. • Continue working with the Citizens’ Budget Advisory Committee. • Continue our work with the Board of Education to further develop the 2012-13 budget.

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