Budget+Development+Insights

I looked at the budget development calendar and the TASBO Budget Development Power Point in the resource section for ideas for assignment 2. These are my top five with reasons: 1. November of current school year, when budget development planning takes into account priorities and initiatives identified by the Executive Team. This is when student projections for the next year are made after collecting and analyzing data. 2. March 7, administrative and campus budgets are completed and received by central office budget personnel to begin the evaluation and analysis of these budgets. 3. June 9, Board of Trustees reviews the proposed budget. After the review the proposed budget summary is published on school website and public notice for the adoption of the district is published in the local newspaper. The budget summary must include a comparison to last years actual spending. 4. August 20, the district budget must be prepared by this date because it is a legal requirement and mandated by the state. 5. August 31, the district budget must be adopted by the Board of Trustees no later than this date because it is a legal requirement and mandated by the state. The budget needs to adopted for the beginning of the next fiscal year and the continued operation of the school district. If you have others you think are we should list instead of the ones listed please post them for more discussion. Thanks, James

After reviewing the budget development calendar and the TASBO Power Point, here are my five most important dates with reasons: 1. September- Campus leveling analysis and review of staffing allocations. It is important to review the current needs before the budget development process begins. 2. November- Budget development planning takes place. The Executive Team identifies budget priorities and initiatives and collects and analyzes student projections. Setting priorities and planning gives direction to the process, and student projections help guide not only spending needs, but also predict expected revenue. 3. June 9- Proposed budget review, publish public notice in newspaper regarding adoption of budget, and post proposed budget summary on the district website. This is an important step in reviewing the budget and in providing for transparency in the financial matters of the district. The public is able to review the budget in light of the previous year's actual spending. 4. August 20- district budget must be prepared. This is a requirement set by the State Board of Education. 5. August 31-school board must adopt the budget by this date. This is a TEA legal requirement.

It was difficult to pick only the top 5. Each item on the calendar seems vital to the budget development process.

Kristy

Kristy, I think we should go with your five for our posting. I agree with your first one about assessing current needs before beginning the budget process. Would you like me to post them or you? James

I can post them.

Kristy

Great, if you need me to do anything let me know.

James

The top five events and or dates in the development of a district budget should include the following. August 31st, the last date the school board has to legally adopt the budget.
 * 1)  After October snapshot. This is when student projections and numbers for next year are accumulated
 * 2) February of current school year when teachers and campus administrators and campus improvement team are asked to make suggestions for the following years budget.
 * 3) May of the current school year. Final proposals are made to the school board and the board starts a series of workshops in which they consider suggestions made from various stakeholders.
 * 4) August 20th, the state mandates the budget proposal be ready.

Looks great guys, thanks for posting.