05-25-2010 Special School Board Meeting
Agenda Item #47


Title
Recommended Reductions for the 2010-11 Operating Budget

Discussion

Due to the lack of sufficient funding for 2010-11, it has become necessary to reduce the Operating Budget for next year.  Attached is a listing of recommended cuts as they were presented to the Board at the April 13 Budget Workshop.  Also attached is a memo providing additional insight into the various legislative impacts on the budget.  It incorporates the original Operating Fund projected revenue containing the decrease in total revenue, changes in categorical revenue, and change in budgeted items from the April 13 Budget Workshop, as well as an update to that information which now shows that the financial outlook is $1,002,185 better than previously expected.

Note that the dollars required to meet the Class Size Constitutional Amendment requirements were not incorporated into the previous list of recommended reductions.  As a result, further cuts may be necessary as we seek clarity related to the various options in attaining Class Size.

Final recommendation of the Superintendent will be provided to the Board prior to or at the Board meeting.



Recommendation
Authorize the Superintendent to make the recommended budget reductions for the 2010-11 Operating Budget pursuant to the list provided.

Meeting Date(s)
Information - 5/11/2010
Consent after Information5/25/2010

Authority for Action
Florida Statute 1011.71 (3)(b)

Involves Expenditure of Funds Directly in the Classroom
No

Source of Funding
Agenda Item will not Require the Expenditure of Funds

FY
Amount
Budgeted
Fund
Cost Center
Project
Function
Object
Program

Contact
Judy R. Preston, Associate Superintendent for Financial Services, ext. 600


Attachment:  Memo from Dr. Binggeli regarding Recommended Budget Reductions.pdf
Attachment:  Potential_Budget_Cuts_rev_5-25.pdf