Woodland District 50's fiscal year: July 1, 2012 through June 30, 2013
FY13 tentative budget: Scheduled for approval at June 26, 2012 Board meeting
Tentative budget: Remains on display for public comment 30 or more days until final
adoption
Final budget adoption: Scheduled for September 25, 2012 Governing Board
meeting
Comparison of FY13 and FY12 Revenue
FY13 Revenues by Source of Funds
Comparison of FY13 and FY12 Expense
FY13 Expenses by Type
PCCS: Cost of funding over time
FY13 Fund Balance SummaryTentative Budget: June 26, 2012
Budget Changes from May Report
Transportation Revenue – Maintained at 74% proration. Effect: Increase in budgeted revenues of $181,500 provided the
FY13 quarterly payments are received within the FY13 fiscal year. General State Aid (GSA) Prorated at 89%
Effect: Reduce by $202,183 in FY13 due to a $329 per student increase in the tuition cost for PCCS and 89% proration of GSA. District GSA is expected to be reduced from $460,882 to $258,699.
Corporate Personal Property Taxes (CPPT) Effect: $60,000 loss projected due to lower State collections and
the allocation of CPPT to fund the Regional Office of Education (ROE).
Concern: Senate Appropriations Bill 2365 increasing GSA to 92% proration. Governor could cut Transportation funding and add back GSA. Net affect dependent on cumulative Governor vetoes.
No significant Expenditure adjustments were made since May 22,2012
Areas of review prior to finalizing FY13 Budget
Legislative Activity: Governor authority to Veto, sign or reduce specific line items in the budget
$1.3 million in delayed State revenues: Proration of FY13 State Grants and Local Tax receipts based on FY12 receipts
Review FY13 Working Cash transfers due to Cash flow
Finalizing Salary & Benefit BudgetsReview of all budget line items with administration
to refine expense requestsFY13 Budget Hearing and Budget Adoption
scheduled for September 25, 2012
Questions
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