Douglas County School District Re.1 Preliminary Budget Fiscal Year 2010 – 2011 Presented to the Board of Education Tuesday April 20, 2010

BOE Presentations  April 20, 2010 ~ Tonight  Preliminary General Fund Budget  May 18, 2010  Proposed General Fund Budget  Proposed Non-General Fund (“Other”) Budgets  June 15, 2010  Adoption of all Funds: FY 2010 – 2011 Budgets

 District’s Budget Requirements  Compliance  Colorado and Federal Law  Board Goals and Executive Limitations  Preliminary General Fund Budget Tonight’s Agenda

The District’s Budget Requirements Colorado Law requires a district’s annual budget to be balanced and that a district not overspend appropriated monies. The budget must be adopted no later than June 30th. The Board’s Policy Book sets as a goal that the district demonstrate efficient use of its personnel, financial, technological and physical assets. To that end, the superintendent shall not fail to direct the resources of the district to most effectively enhance student potential.

 Financial planning may not deviate materially from the Board’s Ends priorities, risk financial jeopardy or fail to be derived from a plan projecting at least five years. Compliance with Board Goals & Executive Limitation Compliance with Board Goals & Executive Limitation EL 1.5 Financial Planning & Budgeting

FY  General Assumptions  Non-Appropriation of the lease for HR North/Center for Staff & Community Development

Reductions/Revenues for FY SUMMARY Central Offices/Services $7,875,000 Program Reduction/Reorganizations$5,350,000 School-Based Funding$15,500,000 Compensation$6,500,000 Pay for Performance$4,200,000 TOTAL$39,425,000 Fees for Services$3,300,000 TOTAL REDUCTIONS/REVENUES$42,725,000

General Fund Five Year Financial Projection for FY and FY FY

Pending Items for FY  School Finance Act  Federal Dollars  Assessed Valuation Uncertainty  Health Insurance Changes  Negotiations Resolutions  State Economic Situation  November Initiatives

Next Steps  Finalization of School Finance Act  Negotiations  Insurance Plan Changes  Updated Three Year Projections  Proposed Budget for May 18, 2010