1. Budget Issues
Revenue Based Budget
Revenue Sharing Agreement

2. Allocation / Budget Timeline
Nov - Jan: Executive leadership sets plan
January: Initial Allocations produced from projections
February: Proposed Budget Process -PB
March: School Board approves annual budget
April: Allocations are updated from latest information
May: Approved Budget Process - PB
September: Allocations finalized based on actual data
October: Revised Budget Process – ONLINE AFIN
Allocation discrepancy resolution
Budget and Position Reconciliation
Planning starts the budget process.
Enrollment projections are made using a variety of methods.
Revenue projections are from federal, state, county, and local estimates.
In February, your job as budget holder is to convert the lump sum allocation for your school into a Proposed Budget using BRASS
(Budget Reporting and Analysis Support System).
In May, once budget is approved, you will receive an updated allocation to convert into a Approved Budget for your school using BRASS.
JULY 1 – New Fiscal Year Begins
In October, revised allocations will be calculated using actual enrollment for your school. Adjustments will be made to your budget using the online main financial system CGI-AMS Advantage Financial.

3. Proposed Budget Development
School Board Priorities
School/Dept Input
Superintendent Priorities
Technical Adjustments
Available Revenues
CIP
Budget Allocations
Line Item Budgets

4. Revenue

5. Average Expense by Expenditure Object – Operating Fund

6. Average Expense by Expenditure Activity – Operating and Debt Service Funds

7. Current Topics Wayfair – internet sales tax Federal Tax Changes
South Dakota v. Wayfair, Inc., 585 U.S. ___ (2018), was a United States Supreme Court case in which the court held by a 5-4 majority that states may charge tax on purchases made from out-of-state sellers, even if the seller does not have a physical presence in the taxing state.
Federal Tax Changes
Current is $3,000 and $6,000
Proposed is $6,000 and $12,000