Current Financial Information
We have already started the preliminary planning for the upcoming school year. The first step in the budget process is to review our financial forecast. We utilize a five year budget model that builds off of the current year actual budget and is modified for known changes. The updated 5 year budget forecast was provided to the board at the November 2, 2015, school board meeting. The model incorporates a number of assumptions to develop a five year "big picture" projection. Please see the "5 Year Forecast Model Summary" link and the "2016-2017 Forecast Model Assumptions" link for more information. Of course, the biggest factor in our operating budget is our student membership and how much revenue the state will allow us to raise per student. There is very little information available for future years (2016-2020), but the known information from the state has been incorporated. As the district refines the projections for 2016-2017 and receives more information for the years beyond, the model will be updated. Note that as of November 2, the district is projecting a deficit of approximately $500,000 for our 2016-2017 operations budget. It is now the job of the administration to develop a detailed line item budget for the upcoming 2016-2017 school year. Next administration will review the expenses to determine how we can balance the budget or to consider use of our "rainy day fund" to balance the budget. The district is committed to finding efficiencies and will not pursue an operating referendum for 2016-2017. As always, our focus is to maintain our low spending status while continuing to provide a high level of service for our students.