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i <br />2008-09 Budgef Process <br />08/30/07 <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 Work 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 /> ® Year-to-Date Fiscal Update for Fiscal Year <br /> 2007-0$ <br /> 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 assumptionsJguidelines/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 Collaboration Meeting to discuss BOCC <br />JanuarylFebruary 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 />