For the 2018-19 school year, the Original budget was submitted and adopted on estimates of student enrollment, as well as anticipated revenue and expenditures. At the time of the original budget adoption, there were several variables that were not yet clear. We have now had the time for those variables to be clarified. Enrollment has been reported, revenues have been generated based on the actual enrollment and expenditures have been adjusted to meet the obligations of the district. At this time, we are returning with a request to extend the allowable budget capacity for both the General Fund and ASB budgets based on the districts obligations. There will be a public hearing and action will be needed to authorize the budget extension at the June 18, 2019 Board meeting.
Form F-195 is the official school district budget document and must be filed with Office of the Superintendent of Public Instruction (OSPI). All school districts must prepare, adopt, and file their budgets in the format prescribed by the Administrative Budgeting and Financial Reporting Handbook and be in accordance with the Accounting Manual for Public School Districts in the State of Washington.
The Budget includes estimated revenues, estimated expenditures, and estimated fund balances for each fund. The budget also includes total salary amounts and full-time equivalents (FTE's) for staff. Each district is required to submit the budget to their education service district (ESD) for review and comment. Each first class school district (>1,000 student fte's) is required to file the approved budget with their ESD. ESD's are required to review the adopted budget for each school district. Once the approved budget passes the ESD's review process, the ESD will forward the budget certification page with appropriate signtures and dates to OSPI School Financial Services. OSPI will perform a final review of the approved budget for each school district before filing and/or approval. The budget summary document (a condensed version of the full budget document), can be found by viewing this file F-195 Budget Summary Document.
For the 2018-19 school year, the Legislature implemented a Multi-Year projection that is to be submitted with the required F-195 Budget form. This projection covers a four year span with estimated revenues, estimated expenditures and estimated fund balances for each fund.
REVISED - The F-195 F document was revised and the resolution taken to the Board for adoption at the October 11, 2018 Board of Directors meeting. OSPI recommended that districts revise their four year forecast to more accurately reflect the anticipated expenditures after the completion of all bargaining sessions. This information will be used when they calculate the Financial Health Indicators of the District.
This document is a summary of the estimated revenues and estimated expenditures by educational program for the General Fund. There is an estimated beginning and ending fund balance, as well as anticipated ending fund balance percent. This document compares the 2018-19 budget to the prior year budget, then to the prior two years actual revenue and expenditures. The Aberdeen School District Board of Directors adopted a Resolution that specifies a fund balance minimum of 5%.
The MSOC Disclosure form is intended to let the community know how much of the Materials, Supplies and Operating Costs (MSOC's) are being funded by the state and to let them know how they will improve student achievement.
This document was presented at the Board of Directors meeting held on July 17, 2018 and summarizes the data presented in the proposed budget for the 2018-19 school year. It gives an overview of staffing and the various funds that the Board oversees.