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Douglas County School District Re.1

Douglas County School District Re.1. Preliminary Budget Fiscal Year 2010 – 2011 Presented to the Board of Education Tuesday April 20, 2010. BOE Presentations. April 20, 2010 ~ Tonight Preliminary General Fund Budget May 18, 2010 Proposed General Fund Budget

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Douglas County School District Re.1

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  1. Douglas County School District Re.1 Preliminary Budget Fiscal Year 2010 – 2011 Presented to the Board of Education Tuesday April 20, 2010

  2. BOE Presentations • April 20, 2010 ~ Tonight • Preliminary General Fund Budget • May 18, 2010 • Proposed General Fund Budget • Proposed Non-General Fund (“Other”) Budgets • June 15, 2010 • Adoption of all Funds: FY 2010 – 2011 Budgets

  3. Tonight’s Agenda • District’s Budget Requirements • Compliance • Colorado and Federal Law • Board Goals and Executive Limitations • Preliminary 2010-11 General Fund Budget

  4. The District’sBudget Requirements Colorado Law requires a district’s annual budget to be balanced and that a district not overspend appropriated monies. The budget must be adopted no later than June 30th. The Board’s Policy Book sets as a goal that the district demonstrate efficient use of its personnel, financial, technological and physical assets. To that end, the superintendent shall not fail to direct the resources of the district to most effectively enhance student potential.

  5. Compliance with Board Goals & Executive LimitationEL 1.5 Financial Planning & Budgeting • Financial planning may not deviate materially from the Board’s Ends priorities, risk financial jeopardy or fail to be derived from a plan projecting at least five years.

  6. FY 2010-2011 • General Assumptions • Non-Appropriation of the lease for HR North/Center for Staff & Community Development

  7. Reductions/Revenues for FY 2010-11

  8. General Fund Five Year Financial Projection forFY 2009-10 and FY 2010-11 FY 2009-2010

  9. Pending Items for FY2010-11 • School Finance Act • Federal Dollars • Assessed Valuation Uncertainty • Health Insurance Changes • Negotiations Resolutions • State Economic Situation • November Initiatives

  10. Next Steps • Finalization of School Finance Act • Negotiations • Insurance Plan Changes • Updated Three Year Projections • Proposed Budget for May 18, 2010

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