The budget resolution approved last summer sets the total amount that the district can spend in the fiscal year. This is called the annual appropriation and is set for each fund. For 16-17 the General Fund appropriation was $29,670,373.00.
Per the projected fund balance spreadsheet presented in the financial report, we are expected to spend approximately $385,000 more than appropriate. I am requesting approval of an extension of the General Fund budget of $600,000. I have added some capacity to ensure we are not approving another extension in August. Also, per the spreadsheet, the district has increased revenues to cover the additional expenditures.
We have more students than budgeted in Basic Education and Running Start, resulting in approximately $325,000 additional revenues. We also have more Special Education students enrolled and received more in Safety Net than budgeted, resulting in approximately $240,000.00. Participation in the Administrative Match program also provided about $35,000 greater than budgeted. These increased revenues will offset the additional expenditures.
Increased expenditures in Running Start payments to LCC and Clark and unbudgeted staff in many areas (Family Resource Coordinator, Truancy Officer, Behavior Paras at WPS and WIS) increased Basic Education and Districtwide Support expenditures. Unbudgeted one on one paraprofessional staff and increase to outside placements results in increased Special Education expenditures. The district matched building funds to add additional Chromecarts to all buildings. Unbudgeted funds needed to be spent to ensure Kindergarten classrooms met compliance requirements for WaKids. Maintenance costs for summer projects are also greater than budgeted.
I recommend approval of the GF Budget Extension resolution.