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Appoquinimink School District

Appoquinimink School District. FY2009 Budget - Preliminary. ASD FY2009 Preliminary Budget. Process and timeline Principles Major changes from FY2008 The budget. Process and Timeline. Start with FY2008 final April – budget meetings May – forecast revenues, final expenditures

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Appoquinimink School District

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  1. Appoquinimink School District FY2009 Budget - Preliminary

  2. ASD FY2009 Preliminary Budget • Process and timeline • Principles • Major changes from FY2008 • The budget

  3. Process and Timeline • Start with FY2008 final • April – budget meetings • May – forecast revenues, final expenditures • June – present preliminary budget to Board

  4. Process and Timeline • July – FY begins (1 Jul – 30 Jun) • October – unit count finalized • December – prepare final budget • January – present final to Board • April – cycle starts again • Year-round – monitor, monthly reports

  5. Keeping the budget balanced is a continuous process Local Tax Forecasts/ Actuals Operational Needs School and Program Needs Process and Timeline Expenditures Revenues State and Federal Forecasts/ Actuals

  6. Budgeting principles • Balanced budget – total revenues equal total expenditures • Build the reserve • Preliminary budget must conservatively forecast revenues, especially in a lean year like FY2009

  7. Major changes from FY2008 • Major capital • State budget cuts • Carryover not budgeted as a revenue category • Choice and charter accounted for as an offset to revenue • State-approved budget format

  8. Major changes – Major Cap • Went from $22.3M in FY08 to $16.9M in FY09 • … then back up to $25.9M • Good news – bond bill

  9. FY09 Bond Bill Appropriations

  10. Major changes – Budget Cuts • Four funds – Extra Time, Extra Time Reading, Teacher to Teacher Instructional Cadre, and Discipline Part 2 – have been eliminated • In their place, one fund – Student Success Block Grant – has been created and made part of the Consolidated Grant • In total, reduced $501,786 (aggregate) for Appoquinimink • This will impact instruction. We are minimizing the impact through setting priorities as part of the Consolidated Grant application • Tuition reimbursement (State funds) for teachers eliminated

  11. Major changes from FY2008 • Carryover not budgeted as a revenue category • Choice and charter accounted for as an offset to revenue • State-approved budget format • Revenue (summary view) • Pulling out categories of expenditures

  12. FY2009PreliminaryBudget REVENUE BUDGET

  13. 26% 72% Major Revenue Sources FY2009 TOTAL107.6M FEDERAL2.2M 2% LOCAL27.9M STATE77.5M

  14. FY2009PreliminaryBudget EXPENDITURE BUDGET

  15. Looking forward to another great year!

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