Agenda Item #47
Recommended Reductions for the 2011-12 Operating Budget
Due to the continuing lack of sufficient funding for 2011-12, it has become necessary to reduce the Operating Budget for next year. This will now be the 5th year in a row for the District to be making budget cuts.
Attached is a listing which encompasses the original recommended budget reductions as presented to the Board at the April 19 Budget Workshop and the revised recommended budget reductions. Note that the reserve line items have now been numbered to identity them as the initial items to be cut (lines 31 - 38) The revised recommended budget reductions are indicated in red on the attached. Changes include updating the numbers for:
It is important to note that with the additional forcasted decline in the tax roll the 0.25 Critical Needs Operating Millage will no longer produce the estimated $7,344,450. It is probable, however, that the State Compression Adjustment will cover any additional estimated decline. Specific information related to this topic will be made available in mid-July once the DOE provides the 2nd FEFP Calculation. Details related to this will be provided to the Board prior to the July 28 Public Hearing.
Authorize the Superintendent to make the revised recommended budget reductions for the 2011-12 Operating Budget pursuant to the list provided.
Information - 5/10/2011
Authority for Action
Florida Statute 1011.71 (3)(b)
Involves Expenditure of Funds Directly in the Classroom
Source of Funding
Agenda Item will not Require the Expenditure of Funds
Judy R. Preston, Associate Superintendent for Financial Services, ext. 600
Attachment: 2011-12 Revised Recommended Budget Reductions.pdf