Presentation on theme: "General Fund Budget Calendar Review Niagara Falls City School District 2013-2014 Budget Cynthia Bianco Superintendent of Schools Tim Hyland Rebecca Holody."— Presentation transcript:
General Fund Budget Calendar Review Niagara Falls City School District 2013-2014 Budget Cynthia Bianco Superintendent of Schools Tim Hyland Rebecca Holody January 24, 2013
General Fund Budget Calendar 2013-2014 January - June March 1 st March 21st April 18 th April 19th Board Review of Budget District Submits Tax Levy Calculations to State Superintendent’s Budget Recommendation to Board Board Adopts Budget and Contingent Budget District Submits Tax Report Card to SED
General Fund Budget Calendar 2013 - 2014 April 23 rd May 9 th May 10 th May 21 st June 24th Budget Available Public Hearing Mail Budget Notice Budget Vote Finalize Revenue Estimates, Set Tax Levy and Tax Rates
Budget Process for 2013-14 Budget Important Dates : 1) January 22nd -Governor's (Executive) Budget Proposal Released 2) February 7th -Revenue Projections 3) February 14th -Appropriation Projections 4) February 21st -Total Budget with GAP Projections 5) March 7th -Initial Scenarios to Close Budget GAP Presented 6) March 14th -Continued Discussion of Scenarios to Close Budget GAP 7) March 21st -Superintendent's Budget Recommendation to the Board 8) April 18th -Board to Adopt Budget and Contingent Budget
Assumptions Impacting 2013-14 General Fund Budget Executive (Governor’s) Budget was released on time (1/22/13) Governor’s proposed budget includes a $2.5M increase in State Aid (Increase due to application to GEA and Stabilization Any reductions (if necessary) to the budget will impact the classrooms last.