05/04/2015 – FY16 Proposed Budget

05/04/2015 Work/Business
eboard link icon  Agenda Item – Proposed FY2016 Budget

.pdf link icon Proposed FY2016 Budget Summary
.pdf link icon 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.)