Budget Planning. The District's fiscal year is from July 1 until June 30. The Superintendent shall present to the Board, no later than the first regular meeting in August, a tentative budget with appropriate explanation. This budget shall represent the culmination of an ongoing process of planning for the fiscal support needed for the District's educational program. The District's budget shall be entered upon the Illinois State Board of Education's
Budget Planning. Each year, the Board adopts a proposed budget calendar, indicating dates for presentation by the Superintendent of receipts, estimates, preliminary expenditure recommendations by funds, and major Board actions affecting the budget. The District's fiscal year is from July 1 until June 30. The Superintendent shall present to the Board, during a regular Board meeting in August, a tentative budget with appropriate explanation. This budget shall represent the culmination of an ongoing process of planning for the fiscal support needed for the District's educational program. The District's budget shall be entered upon the Illinois State Board of Education's
Budget Planning. Each January, the Board of Education adopts a proposed budget calendar, indicating dates for presentation by the Superintendent of receipts, estimates, preliminary expenditure recommendations by funds, and major Board of Education actions affecting the budget. The District's fiscal year is from July 1 until June 30. The Chief Financial Officer shall present to the Board of Education, no later than the first regular meeting in August, a tentative budget with appropriate explanation. This budget shall represent the culmination of an ongoing process of planning for the fiscal support needed for the District's educational program. The District's budget shall be entered upon the Illinois State Board of Education's School District Budget Form. To the extent possible, the tentative budget shall be balanced as defined by the State Board of Education guidelines. The Superintendent shall complete a tentative deficit reduction plan if one is required by the State Board of Education guidelines.
Budget Planning. Each January, the Board receives a proposed budget calendar, indicating dates for presentation by the Superintendent of receipts, estimates, preliminary expenditure recommendations by funds, and major Board actions affecting the budget.
Budget Planning. The major portion of income for the operation of the public schools is derived from local property taxes, and the School Committee will attempt to protect the valid interest of the taxpayers. However, the first priority in the development of an annual budget will be the educational welfare of the children in our schools. Budget decisions reflect the attitude and philosophy of those charged with the responsibility for educational decision-making. Therefore, a sound budget development process must be established to ensure that the annual operating budget accurately reflects this school system's goals and objectives. In the budget planning process for the school system, the School Committee will strive to:
Budget Planning. The District's fiscal year is from July 1 until June 30. The Superintendent shall present to the Board, no later than the first regular meeting in August, a tentative budget with appropriate explanation. This budget shall represent the culmination of an ongoing process of planning for the fiscal support needed for the District's educational program. The District's budget shall be entered upon the Illinois State Board of Education's SchoolDistrictBudgetForm.Totheextentpossible,thetentativebudgetshallbe balancedasdefinedbytheState Boardof Education guidelines. The Superintendent shall complete a tentative deficit reduction plan if one is required by the State Board of Education guidelines. Preliminary Adoption Procedures After receiving the Superintendent's proposed budget, the Board sets the date, place, and time for:
Budget Planning. Confirm priorities and schedules for Remedial Actions, Arterial Streets, and Parks. Develop budget recommendations to respective entity.
Budget Planning. Within this long-range perspective, financial commitments will be made on an annual basis, with the City’s budget to be adopted by the City Council and the Port’s budget to be adopted by the Port Commission in each calendar year. The updated budget will include project and budget estimates for the next six-year period, with an authorized budget for specific activities in the following calendar year.
Budget Planning. Fund Balance is less than 5% of revenues The fund balance is greater than 5%, but there is no evidence of a long-range spending plan. The budget includes funds for anticipated future needs such as technology, curriculm, salary, etc. A long-range budget expenditure plan is in place and the fund balance exceeds 10%. Year 1 Year 2 Year 3 Year 4 Year 5 Year 5
Budget Planning. D. Facilities Planning In the development of rules, regulations and arrangements for the operation of the school system, the Superintendent will, whenever feasible, include at the planning stage employees representative of those who will be affected by such provisions. Professional staff representatives will be given opportunity and encouragement to contribute in curriculum development of policies and regulations pertaining to the instructional program. Each building administrator will maintain channels for conferring with both the professional and support staff in establishing building regulations. Staff members should understand, however, that final decisions on matters on which their advice is requested will rest with the School Board or with the Administrator(s) to whom the Board of Education has delegated responsibility.
