Budget Development Timeline December 2014

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Amos Sharp
6 years ago
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1 2016 Budget Development Timeline December th Financial forecast to BOE 17 th Preliminary enrollment projectionsto schools January 15 th Salary projections scenarios 22 nd Budget requests presented to Superintendent s Staff Week of 26 th Weightedstaffing memos sent to secondary schools by HR February 2 nd through 6 th Kindergarten registration 10 th Deadline to turn in Kindergarten registration numbers 11 th Enrollment projections finalized 13 th Weighted staffing memos sent to elementary schools by HR 13 th Budget packets sent to schools 27 th Staffing sheets sent to departments 27 th Budget packets sent to departments March 12 th Final student projections reported to BOE 13 th Staffing worksheets due from departments 13 th Deadline for salary/benefits package to be presented in from CFO 20 th Weighted staffing worksheets due from schools 23 rd Salary budget worksheets started April 3 rd Deadline for schools/ departmentsto turn in budgets 9 th BOE Budget Workshop 10 th Deadline to have budgets entered into BusinessPLUS 13 th through 28 th Budget development including other funds, forecasts, special departments, and salary budget finalized and uploaded 29 th Draft document due for review by budget team May 1 st Budget team meeting to review/ revise draft 5 th Revised draft to CFO for review 7 th Budget revisions due from CFO 15 th Deadline for salary/ benefits package to be presented in Adopted Budget based on negotiations to date from CFO Week of 18 th New salary budget revised and uploaded 19 th Final sent to print shop 28 th Proposed Budget presented to BOE June 2 nd DraftAdopted Budget document due to review by budget team 4 th Public Notice of to be published in Littleton Independent for two weeks 5 th Budget team meeting to review/revise draft Adopted Budget 9 th Revised draft Adopted Budget to CFO for review 11 th Budget revisions due from CFO 16 th Final Adopted Budget sent to print shop 25 th Adopted Budget officially presented to and adopted by BOE 1

Colorado School Finance Funding Revenue Sources: Fuel

Colorado General Fund School Land Trust State Funding

Local Statutory Property Tax Specific Ownership Tax

2 Colorado School Finance Funding Revenue Sources: Fuel Tax Sales Tax Capital Gains Tax Income Tax Estate Tax Colorado General Fund School Land Trust State Funding Local Funding School Finance Act State Education Fund Local Statutory Property Tax Specific Ownership Tax Equalized K 12 SFA Program & Categorical Revenues 2

Specific Ownership Taxes Non-Equalized General Fund General Fund

3 General Fund Flow of Resources K 12 State SFA Program & Categorical Revenues Mill Levy Overrides Capital Reserve & Insurance Reserve Specific Ownership Taxes Non-Equalized General Fund General Fund Spending Gifts/Donations Interest Revenue and Fees TABOR Emergency Reserve 3

Backfill Specific Ownership Taxes Categorical Revenue Special Education Flow of Revenues Transportation Career and

4 State Revenues: Federal Revenues: Other Revenues: Local Revenues: School Finance Act Title Fees Mill Levy Overrides Property Taxes IDEA Interest Hold Harmless Specific Ownership Taxes Other Gifts to Schools Property Taxes State Backfill Specific Ownership Taxes Categorical Revenue Special Education Flow of Revenues Transportation Career and Tech Education School Districts ELPA Gifted & Talented Elementary Schools Middle Schools High Schools Departments and Other Funds 4

5 School Allocations Elementary Schools Middle Schools High Schools Points ratio 27:87:1 Administrative points 2.55 Support points Instructional coaches Literacy specialists ITS Micro-technicians Literacy coaches Schoolwide Title CAFÉ Full Day kindergarten Variable Contributed/Purchased School General Fund purchase SPED counselor support GT support PTO support Extended Day Care purchase Title I grant support $ per funded pupil $5,348 per school Points multiplier Administrative points Instructional coaches Title II Reading program support Math resource support Fast Forward $ per funded pupil $14,012 per school Points multiplier Instructional coaches Title II Additional dean/principal support Mental health support International Baccalaureate (IB) Bilingual support Fast Forward STEM secretary Variable Contributed/Purchased School General Fund purchase SPED Summit support GT math support $ per funded pupil $63,445 per school 5

Budget Development Timeline

2016 2017 Budget Development Timeline November 2015 December 2015 January 2016 February 2016 March 2016 April 2016 May 2016 June 2016 13 th Salary projections scenarios 10 th Financial forecast to BOE