Budget Development

December

  • Complete enrollment projections
  • Update budget guidelines and preparation materials
  • Cabinet review of budget procedures and allocations
  • Distribute guidelines to budget managers and conduct work sessions on budget preparation

February

  • Preparation of individual budgets by budget managers and submission to Budget Office
  • Distribution to appropriate personnel for review
  • Budget work session with Board of Trustees

March

  • Review of budgets by Budget Office for compliance with budgeting procedures and accounting codes
  • Input of budget data
  • Review of first draft of budget by Cabinet

April

  • Budget work session with Board of Trustees
  • Budget review with principals and administrative staff

May

  • Complete estimates of revenue and fund balance
  • Budget work sessions with Board of Trustees

June

  • Budget work sessions with Board of Trustees
  • Publish notice of budget and tax hearing
  • Conduct budget and tax hearing
  • Adoption of budget

September

  • Adoption of tax rate