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Meeting Date:
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6/25/2012 - 7:30 PM
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Category:
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Untitled
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Type:
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Action
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Subject:
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15.6 Public Hearing Regarding Adoption of the 2012-2013 Budget
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LCAP (Local Control Accountability Plan) Goal:
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Enclosure
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See Item regarding Adoption of the 2012-2013 Budget.
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File Attachment:
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Summary:
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The 2012-2013 proposed budget includes earlier actions taken by the Board of Education for 2012-2013; The Governor's May Revise; and costs associated with moving from one year to the next, such as moving employees' salaries through the salary schedule and changes in employee benefit rates. The Cost-of-Living Adjustment (COLA) is 3.24% and the deficit factor is 22.272%. Additionally, reserves are set aside equivalent to a cut of $441.00 per ADA net of the savings related to furlough days pending outcome of the State budget and the November 2012 election.
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Funding:
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The Budget covers all funds of the District.
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Fiscal Impact
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N/A
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Recommendation:
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Approve 2012-2013 Budget as presented.
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Approvals:
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Recommended By:
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Signed By:
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Bryan Richards - Chief Financial Officer
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Signed By:
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Steven Lawrence - Superintendent
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