DRAFT BUDGET DRAFT BUDGET 20082008

JENKINS INDEPENDENT SCHOOLSJENKINS INDEPENDENT SCHOOLS

TopicsTopics

Legal Requirement of Draft BudgetLegal Requirement of Draft Budget Items of ConcernItems of Concern Revenue for FY 2008Revenue for FY 2008 Items Budgeted in 2008 and not 2007Items Budgeted in 2008 and not 2007 Items included in the DraftItems included in the Draft Difference in Draft Budget of $18,000Difference in Draft Budget of $18,000 Data IntegrityData Integrity

KRS 160.470 (6) (a)KRS 160.470 (6) (a)

KRS 160.470 (6)(a) requires review by KRS 160.470 (6)(a) requires review by the BOE of estimated revenues and the BOE of estimated revenues and expenditures for the subsequent fiscal expenditures for the subsequent fiscal year by January 31. year by January 31.

The Draft is merely early planning and is The Draft is merely early planning and is not set in stone. Much work is still to be not set in stone. Much work is still to be done.done.

Items of ConcernItems of Concern

Continuation of district instructional programs Continuation of district instructional programs and support (Gifted and Talented, Title I and II)and support (Gifted and Talented, Title I and II)

The uncertainty of state grants and SEEK The uncertainty of state grants and SEEK funding for FY 2008 (adjustments to funding for FY 2008 (adjustments to appropriations) and 2008 base SEEK amountsappropriations) and 2008 base SEEK amounts

Legislative action that may increase expenses Legislative action that may increase expenses without any state support (pay increases) without any state support (pay increases)

FacilitiesFacilities

REVENUESREVENUES

Beginning Balance is estimated to be Beginning Balance is estimated to be between???between???

SEEK Appropriation per KDE is 314 SEEK Appropriation per KDE is 314 dollars more per ADA than current FY dollars more per ADA than current FY (due to mandated salary increase ) (due to mandated salary increase )

All other items remain similar to current All other items remain similar to current year.year.

Items That Are IncludedItems That Are Included

SBDM staffing allocations are budgeted SBDM staffing allocations are budgeted using the current formulas before using the current formulas before adjustments for enrollmentadjustments for enrollment

Routine maintenance and operational Routine maintenance and operational expensesexpenses

Expenses not budgeted in Expenses not budgeted in FY 2007FY 2007

Technology Match 18,000$ Bus purchases 70,000$ PAY INCREASES 222,000$ CERS INCREASE 22,000$ EXTRA CONTINGENCY 30,000$ Amount not included in 2007 392,000$

SUMMARYSUMMARY

STATE REVENUES PROJECTED TO STATE REVENUES PROJECTED TO DECREASEDECREASE

POSSIBLE UNFUNDED STATE POSSIBLE UNFUNDED STATE MANDATESMANDATES

DRAFT IS A SKELETON OF WHAT IS DRAFT IS A SKELETON OF WHAT IS TO COMETO COME

WHO KNOWS WHAT THE WHO KNOWS WHAT THE LEGISLATURE WILL DO???????LEGISLATURE WILL DO???????

Data IntegrityData Integrity Last Updated on Saturday, January 06, 2007 at 6:02 AM Last Updated on Saturday, January 06, 2007 at 6:02 AM Data integrity is aData integrity is a priority priority of the Kentucky Department of of the Kentucky Department of

Education.  The Office of District Support Services, Division Education.  The Office of District Support Services, Division of School Finance, has oversight of the accuracy of much of School Finance, has oversight of the accuracy of much of the financial and statistical data being reported by local of the financial and statistical data being reported by local school districts. Because so many decisions that affect school districts. Because so many decisions that affect district budgets and operations are made by KDE, the district budgets and operations are made by KDE, the Kentucky General Assembly, and the federal government Kentucky General Assembly, and the federal government are based on this data, it is imperative that it be as are based on this data, it is imperative that it be as accurate as possible. accurate as possible.

Regional data integrity meetings are periodically held Regional data integrity meetings are periodically held around the state to inform local school districts of changes around the state to inform local school districts of changes and enhancements to required reporting that will facilitate and enhancements to required reporting that will facilitate the accuracy and comparability of the data.the accuracy and comparability of the data.

  Data integrity mandates, such as those presented at Data integrity mandates, such as those presented at regional meetings, will be addressed on this page.  In regional meetings, will be addressed on this page.  In addition, district data will periodically be reported in a addition, district data will periodically be reported in a format that will encourage analytical review by the district format that will encourage analytical review by the district and will support the changes requested by the department. and will support the changes requested by the department.

QUESTIONS????QUESTIONS????