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08/30/07 <br />2Q08-d9 Budget Process <br />The Tax Goal that the Board approved in January 2007 provided staff with a tax <br />rate increase target for fiscal year 2007-08. That goal was a good first .step in <br />balancing School and County needs with maintaining taxes at a level that many <br />residents could afford. A natural progression might be to expand the 2008-09 <br />Tax Goal to include other guidelines and priorities that the Board may see as <br />necessary. <br />September 14, 2008 Board Wark Session. with Phillip Boyle -Strategic <br />('/2 day work session) Direction and Policy Navigation <br /> Financial Forecasting and Preliminary Budget <br /> Work Session -Examples of topics include: <br /> r~ Year-to-Date Fiscal Update for Fiscal Year <br /> 2007-08 <br /> ~~t> 5-Year revenue and expenditure projections <br /> 5-Year fund balance projections <br />October 18, 2007 ~~ Anticipated 5-Year Tax rate projections <br /> ~:~ Future Debt Capacity <br /> Preliminary discussions about budget/tax goal, <br /> future budget assumptions/guidelines/priorities <br /> _~ School Funding Guidelines <br /> ~~ Future budget drivers {new facilities, debt <br /> service, etc) <br /> ~= Outside Agency Funding Guidelines <br />November/December BOCC Retreat -adopt budget/tax goal/budget <br />2007 priorities . <br /> School Collabaratian Meeting to discuss BOCC <br />January/February 2008 adopted budget/tax goal and budget <br /> assumptions/guidelines; impact on school funding <br /> Budget Work Session -Examples of topics <br /> include: . <br />February 2008 =~~: FY 2008-09 and 2009-10 Revenue Projections <br /> ~~; Proposed Fee Schedule Changes <br /> ~~= 2008-09 and 2009-10 Budget Drivers <br />~~,~ 5 -b <br />