July 2015 Budget WorkshopRyan Kahlden| Waxahachie ISD

Budget Process Road Map June

Overview of budget timeline to date Presented goals for 2015-2016 budget

July Continue to present weekly budget trainings via email Receive certified taxable values (around 7/25) Continue to refine revenue/expenditure projections

August Public hearing for tax rate and budget Adopt tax rate and 2015-2016 budget

Weekly Training Pieces TASB Budget Preparation Questionnaire

Property Taxes Estimated taxable value in April Certified values in July Account for significant portion of General Fund budget

Stipend schedules Reviewed/adjusted annually Should make sense

Questions Received Why do other district’s announce teacher raises before we do?

Fiscal year end is different Fiscal sustainability

How many new positions have we added this year? How many do we plan to add? To date, we have added 46 and are requesting one additional position

tonight We anticipate that these are all of positions that will be requested*

Will we have sufficient revenues to keep class sizes small with anticipated growth? Request to add positions for sustainable needs Additional students yield additional revenues to help offset expenditures

Planned Communication Pieces State funding template

Largest remaining revenue piece in the General Fund Shows importance of student attendance Inverse relationship with taxable property values

“The Budget Process” by Eichelbaum Wardell Details important dates and processes of budget adoption cycle Written by WISD legal council

Budgeted expenditures by Function Level legally required to be posted and adopted

Feedback on Process Additional questions from communication pieces / tonight?

Goal – my goal is to provide necessary information so that you are comfortable and knowledgeable with the budget process and budget recommendation in August for adoption.

Going forward: Specific topics you would like to see presented Specific details you would like communicated

What do you need to be comfortable/knowledgeable next month?