Executive Director of Business Services, Stacy Brown gave a detailed overview of the 2023-2024 fiscal year budgets on Thursday, August 10. She will provide a concise overview of the budget for the public prior to the budget hearing.
Attached is the August 10 PowerPoint presentation (pdf or pptx), full F-195 budget document, and F-195 summary document.
Attached is the legislatively required 4-year budget projection for all funds. The first column is the 23-24 Budget (including enrollment and staff FTE) that is set for approval on Thursday. Columns 2-4 include projected enrollment, staff counts, revenues, expenditures and fund balance for all funds for the years 24-25 through 26-27.
I make these projections based on what I know today and use judgment for the items I don’t know for sure. This includes enrollment, negotiated increases for group agreements that expire during this time, Implicit Price Deflator (IPD), inflationary increases for supplies, services and Federal allocations, EP&O levies that have not yet been approved and assessed valuation. I have software that calculates the state apportionment and some state programs, based on the estimated enrollment figures.
On page 2, you can see the projected effect on fund balance with all of the estimates noted above. This is where you can see the projected decrease of $709,119 for 23-24. Instead of adding another slide to the Powerpoint presentation, I decided to highlight it here. I have not made any changes to the F-195 Budget Document since the board workshop. You can also see a running total of projected ending fund balance out through the 2026-2027 fiscal year on page 4.