Key+dates+in+Budget+Development

Events in Developing a School District Budget:

1. In early February, the Finance Department provides each principal and district level department leader with a projected budget amount.They are given approximately six weeks to determine how those funds will be utilized.

2. The third week in March, budgets should be submitted. The Finance Department compiles all budgets district-wide and presents that information to the Superintendent and Cabinet by the first of April.

3. The Superintendent and Cabinet review the budgets that have been submitted to ensure that they align with the district mission and goals.They then look at the expected income from all funding sources including current tax rolls, State/TEA, grant, and federal monies.Once they know the projections for monies going out and monies coming in, they begin to make reductions as necessaryor possible additions such as cost of living increase, additional teaching units, etc.

4. The Superintendent will conduct a series of budget workshops with the Board of Trustees in May and June to discuss the budget planning process, fiscal matters, and how it relates to the district strategic and improvement plan.Adjustments may be more frequent in years when the Legislature meets.

5. The Board of Trustees adopts the budget for the upcoming school year no later than the end of August. Technically,, no money can be expended as of September 1 if the budget is not approved.