Week+Two

I agree with November, January, March, March-April and August dates.

Five Most Important Dates in the Budget Process: November- District Improvement Plan is presented to the Board March- Budgets due from campus principals, directors and coordinators May- Budget Retreat: this is a meeting where everyone is given the doom and gloom speech and hash it out June- Budgets are presented to the Board by the principals, directors and coordinators August- Budget is approved by the Board.

At least this is a starting point.

I agree with your November, March and August dates. I feel the January meeting of the Executive Team to review formulas and budget development and the March -April review to analyze budget input are critical as well as the items you listed above. I chose these two items due to the importance of analyzing formulas and budget input prior to finalizing the actual budget. Formulas take into account the property rates and the WADA to estimate the starting revenue to prevent expenditures from exceeding revenue.

Our budget retreat serves the purpose you speak of. It is a meeting of the super, principals, and the finance director. This is the meeting where the wish list are presented, arguements happen, the truth about the budget is told(doom and gloom) and then we leave knowing pretty much where our campus is at in regards to finances. It may be a little more informal than what you are talking about the same business is conducted. The final number is given by the super and the principals figure out how to spend the money.

Point taken. Any other responses?

**Week Two Assignment, Part 2 – State Budget Development Insights and reflections **

The budget calendar listing critical dates for the preparation, submission and review of campus budgets for the school district is prepared during the budget planning process at the district level. The following are critical dates for the preparation and planning of a budget. Note that the August 20th and August 31st are state mandated dates.

• November – Begin budget planning and development

• March - Budgets due from campus principals, directors and coordin ators

• June – Budgets are presented to the Board

• August 20 - The district budget must be prepared and finalized.

• The budget must be adopted and approved by the board of trustees, inclusive of amendments, no later than August 31.