Budget Information

The Business Office uses reasonably conservative assumptions, projections, and budgeting practices to manage the district's finances. This reasonably conservative approach is applied to enrollment projections, state aid revenue projections, and estimates of property taxes. 

Original (Preliminary) Budget
During the second half of the current school year, the district moves to the second step in the process and begins development of the original budget for the next school year. This includes the development of the capital expenditure budget during the winter and spring of the current fiscal year. A key component of the preliminary budget process is an enrollment projection completed near the end of the current school year. This projection is the basis for the budget process.  The School Board must approve, by statute, a budget for the next fiscal year by the end of June. This gives the district statutory spending authority.

Budget Revisions
The third step in the budgeting process happens during the late fall and early winter of the current school year. The Business Office updates the original budget with revised estimates and presents a budget revision to the School Board in October.  A final budget revision in the winter is primarily a revenue update with revised enrollment information and updated data on federal and grant programs. This final budget is typically presented and approved in January. The Board and Administration monitor the budget on a monthly basis through the Monthly Financial Report.