05/04/2015 Work/Business
Agenda Item – Proposed FY2016 Budget
Proposed FY2016 Budget Summary
FY2016 Lowest Paid Employees Budget Recommendation
Video of Board Discussion
Dr Bell (Chief Financial Officer)
End of FY2015 projected fund balance is $80.7 million.
Estimated FY2016 proposed budget is $875 million.
Estimated FY2016 revenue is $875 million.
Fund an additional 200 teachers
Michael Thurmond (Superintendent)
Work with the board to look at our options to reinstate board TSA contributions for “Dekalb Employees”
Budgeting Calendar
| Step | Process | Date & Time |
|---|---|---|
| 4) | 2nd Public Budget Hearing to solicit feedback from the public regarding the 2015-2016 school district’s budget. | Monday, June 1, 2015 (5:45p.m.) |
| 5) | 1st Millage Rate Hearing | Monday, June 1, 2015 (6:15p.m.) |
| 6) | The Board of Education will adopt the FY 2016 Tentative Budget (At least 15 days prior to adopting Final Budget). | Monday, June 1, 2015 (7:00p.m.) |
| 7) | 2nd Millage Rate Hearing | Wednesday, June 17, 2015 (11:30a.m.) |
| 8) | 3rd Millage Rate Hearing | Wednesday, June 17, 2015 (6:15p.m.) |
| 9) | Final FY 2016 Budget Adoption and Adoption of Tax Levy | Wednesday, June 17, 2015 (7:00p.m.) |
“Extremism in defense of liberty is no vice. Moderation in pursuit of justice is no virtue.”