Woodland School District #50 2018-19 Tentative Budget Update Thursday, August 23rd, 2018

Budget Calendar (2018-19 Fiscal Year) Key Reporting Dates June 28, 2018 – 2018-19 Tentative Budget Approval Approval of draft budget for public comment period July/August– Budget Update Period: Review revenue and expenditure forecasts September 27, 2018 – School Board final budget approval

Woodland SD 50 (Est. Revenues & Expenses)

Woodland SD 50 – Levy Revenue Adjustment .

2018-19 Tentative Budget – Revenue Adjustments Local 84% - Change of -$2,205,300 Levy revenue decrease due to early tax extension dollars Food Service reduction in collectible fees State 12% - Change of -$239,733 Reduction in grant revenue The 2018-19 New Tier Funding has not yet been included in the Base Funding Minimum (BFM) Federal – Change of -$12,620 Various grant adjustments (Title I, Title II, IDEA) Note: The first BFM payment will be delayed. Districts will only receive 1 (one ) BFM payment in August. At this point in time, Woodland 50 will be able to calculate the Charter School portion.

Woodland SD 50 (Revenues) .

Woodland SD 50 Evidence Based Funding ..

2018-19 Tentative Budget – Expenditure Adjustments Salary & Benefits – Change of -$27,301 Staffing changes remain constant Reduction of KG positions excluded from tentative budget until school begins Services – Change of $173,229 Increased contracted employees for hard to fill positions Various miscellaneous changes Supplies & Equipment – Change of -$127,333 Various reductions and costs savings by department Tuition/Pvt Placement – Change of $21,400 Miscellaneous tuition changes

Woodland SD 50 .

Woodland SD 50 .

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