HomeMy WebLinkAbout2013-11-14Tentative
BOARD OF SUPERVISORS
T E N T A T I V E
NOVEMBER 14, 2013
4:00 P.M. - ROOM 241
COUNTY OFFICE BUILDING
1. Call to Order.
2. Joint Meeting with School Board
a. Work Session: Five-Year Financial Plan – School Division.
3. Matters Not Listed on Agenda.
4. Adjourn.
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Meeting Date:11/14/2013 - 4:00 PM
Category:SCHOOL BOARD BUSINESS
Type:Info
Subject:Presentation of 5 Year Financial Forecast
ACPS Division
Goals :
Policy:DB - Annual Budget
Enclosure :
File Attachment:
Summary:
Staff will present the School Division's data for the Board of
Supervisors 5-year plan. This information will include potential impacts
upon budget development over the next several fiscal years. Many
challenges will face our schools in both the revenue and expense areas
that will force difficult choices in terms of revenue enhancements
and/or service delivery. It is anticipated that expenses will increase in
the next few years, while local revenues improve slightly and state
revenues remain highly volatile. Revenue issues to discuss would
include anticipated local transfer revenues for the next 5 years,
potential state revenue changes, and reduction of available fund
balance. Expense related items to discuss would include market driven
compensation offerings, likely increases in the mandated VRS rate,
health insurance issues, student contact/class size issues, and
potential initiatives/reductions. Staff will provide additional information
when it becomes available.
Funding:
Recommendation Receive information as provided and discuss.
Approvals:
Recommended By:
Signed By:
Jackson Zimmermann - Executive Director
Signed By:Dean Tistadt - Chief Operating Officer
Signed By:
Dr. Pamela Moran - Superintendent