Executive Director of Business Services, Stacy Brown gave a detailed overview of the 2022-2023 fiscal year budgets on Thursday, August 11. She will provide a concise overview of the budget for the public prior to the budget hearing. She will also present the F-195F - Four Year Budget Projection.
The 4-year budget projection for all funds is legislatively required. The first column is the 22-23 Budget (including enrollment and staff FTE) that is set for approval. Columns 2-4 include projected enrollment, staff counts, revenues, expenditures and fund balance for all funds.
The four-year projections are based on current knowledge (bargained increases). She used her judgment to project for unknowns such as 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. Ms. Brown uses 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 $616,000 for 22-23. Instead of adding another slide to the infamous PowerPoint presentation, Stacy decided to highlight it here. She has not made any changes to the F-195 Budget Document since the board workshop. A running total of the projected ending fund balance out through the 2025-2026 fiscal year can be found on page 4.
Budget Presentation in pdf and ppptx
2022-2023 F-195 Budget Document
2022-2023 F-195 Budget Summary Document
2022-2023 Four-Year Budget Forecast