BUDGET PREPARATIONADAM 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

• 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

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

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.

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

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)

6

GENERAL FUND BUDGET CONSIDERATIONS CONTINUED

CLASSIFIED STAFFING:

SALARY IMPROVEMENTS (INCLUDING STEP AND RANK)

CLASS SIZES – STAFFING POLICY

CENTRAL OFFICE/DISTRICT WIDE

MANDATORY AIDES

BUS ROUTES

SUBSTITUTES7

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SALARY PROJECTIONS BASED UPON TENTATIVE STAFF ALLOCATIONS

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SALARY PROJECTIONS BASED UPON TENTATIVE STAFF ALLOCATIONS

SALARY PROJECTIONS BASED UPON TENTATIVE STAFF ALLOCATIONS

The default projection will determine which budget you export to excel.