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File #: 18-1240    Version: 1 Name: Budget and Finance Committee - District's 2018-2019 Budget - Key Questions
Type: Discussion Item Status: Committee, New Business
File created: 5/21/2018 In control: Budget and Finance Committee
On agenda: 5/30/2018 Final action:
Enactment date: Enactment #:
Title: Preview by Budget and Finance Committee of 2018-2019 Budget and discussion of key questions to inform additional budget reductions for 2018-2019. 1. What is the target number for reductions for 2018-2019? What does that number consist of? 2. What are the options for further reductions for 2018-2019? 3. What was the total amount needed to close the books for 2016-2017, and the other large ($100k+) expenses that have emerged this year (for example, HBGB), but were not budgeted for (total amount of closing the books + unexpected expenses)? If staff do not believe we need to plan for this same amount to be needed to close the books on 2017-2018, what are their reasons for believing that? 4. Of all the internal controls issues identified by FCMAT, which ones have staff begun to address, and how are they are addressing them? What is the plan for implementation of the internal controls improvements once the contract with WestEd is completed? 5. Based on the reductions the Board has alrea...
Attachments: 1. 18-1240 Presentation - Budget and Finance Committee - District's 2018-2019 Budget - Key Questions, 2. 18-1240 Budget and Finance Committee - Fiscal 2019 Budget Development Comparison to Prior Years – 2016 to 2019 - for Fund 1 – General Fund (PDF Format)

Title

Preview by Budget and Finance Committee of 2018-2019 Budget and discussion of key questions to inform additional budget reductions for 2018-2019.

1. What is the target number for reductions for 2018-2019? What does that number consist of?

 

2. What are the options for further reductions for 2018-2019?

 

3. What was the total amount needed to close the books for 2016-2017, and the other large ($100k+) expenses that have emerged this year (for example, HBGB), but were not budgeted for (total amount of closing the books + unexpected expenses)? If staff do not believe we need to plan for this same amount to be needed to close the books on 2017-2018, what are their reasons for believing that?

 

4. Of all the internal controls issues identified by FCMAT, which ones have staff begun to address, and how are they are addressing them? What is the plan for implementation of the internal controls improvements once the contract with WestEd is completed?

 

5. Based on the reductions the Board has already approved for 2018-2019, what are the anticipated savings?

 

6. How are staff planning to use one-time funds from the state in the 2018-2019 budget? How much for reserves, how much for Self-Insurance, how much for HBGB, deferred maintenance? When will they be seeking Board approval for their plan, pursuant to the Fiscal Reserve policy adopted by the Board?