Agenda - 09-25-2007-7a - Laserfiche WebLink

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TO: Board of Education FROM: Neil G. Pedersen RE: Budget Drivers Date: September 10, 2007 In order to provide the Board of County Commissioners with important background information to guide their fiscal planning early in the budget process, the Administration has developed a preliminary list of budget drivers. Budget drivers are defined as items that are likely to have a significant impact on the next year's budget and that will be determined by other agencies or have been decided upon by the Board of Education. Budget drivers will represent the major increases in the district's continuation budget. The. continuation budget is defined as the budget required to maintain current levels of service, to support a growing student population and staff, and to meet mandates from other governmental entities. It is the Administration's expectation that the Board of County Commissioners annually will support, at least, a level of funding that will meet these requirements. The following budget drivers have been identified. Cost estimates for each item will be determined by the end of October. Salary and fringe benefit increases; These will be set by the General Assembly. Preliminary figures maybe available in February, but we often don't know the exact adjustments until the late summer. Assumptions will need to be made based upon recent trends. • Expenses associated with increased enrollment: These are determined by student projections. State projections usually aren't available until February; however, we can make local projections after the first month of school. This item includes funding that is allocated on a per-pupil orper-teacher basis. • Start-up costs for Elementary No. 10: This school will open in August 2009. A budget, similar in scope to that used for Rashkis Elementary will be developed this fall.