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Budget Preparation

Budget Preparation. Adam Hooker, laurel county board of education Michael moreland , breckinridge county board of education. Budget cycle. Early projections (enrollment, revenue and other changes) – october-december Draft budget (based on projections and/or current #’s) – Due January 31

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Budget Preparation

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  1. Budget Preparation Adam Hooker, laurel county board of education Michael moreland, breckinridge county board of education

  2. Budget cycle • Early projections (enrollment, revenue and other changes) – october-december • Draft budget (based on projections and/or current #’s) – Due January 31 • Sbdm allocations – due to schools march 1, updated version due may 1 • Tentative budget (includes all funds) – due to KDE by may 30 • Tax rates levy – august • Working budget – due to KDE by September 30 The budget cycle is a year long process

  3. Enrollment projection • Project number of students and Ada for next school year • Enrollment by age and grade must be determined • History, kindergarten estimates, retention rates, movement in and out of district (independent and private schools) • Certain numbers impact your seek funding – At-Risk, limited English, Exceptional child counts (severe, moderate and speech) • Free and reduced lunch eligibility

  4. Revenue projection • General fund – seek, local taxes, indirect costs, interest, etc. • Special revenue – local, state and federal grants • Capital funds – capital outlay, building and construction funds • Other funds – food service, daycare, district activity funds, etc.

  5. Operating expenses • Historical to actual comparison • Salary projections – changes in benefit costs • Technology changes • Facilities plan/building maintenance • Budget reduction methods • Work with your directors and superintendent • Use the munis applications to assist in processing

  6. Staffing Requirements – KRS 157.360 • Primary grades K-3 = 24/1 • Grade 4 = 28/1 • Grades 5 and 6 = 29/1 • Grades 7-12 = 31/1 + 150 pupil hours = 25/1 • Part of school media librarian (KRS 158.102)

  7. General Fund Budget Considerations Continued ClassifiedStaffing: • Salary improvements (including step and rank) • Class sizes – staffing policy • Central office/district wide • Mandatory aides • Bus routes • Substitutes

  8. Salary projections based upon tentative staff allocations

  9. Salary projections based upon tentative staff allocations

  10. Salary projections based upon tentative staff allocations The default projection will determine which budget you export to excel.

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