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Budget Adjustments Memo (October)

2014 - 2015 Budget Adjustments (October)


Enclosed please find the first set of recommended budget adjustments for the 2014-15 school year. During this fifth year of the district’s five year cycle, the district anticipates a deficit by the end of the school year. This amended budget increases the projected end of the year operating deficit from ($1,424,741) to ($1,521,337).

Update of major revenue sources:

Line Item                   Description

28 Other Federal     Decrease in Title II funding  ($96,597).

Update of major expenditures:

Line Item                   Description

63 Inst Supplies     Move ($45,775) from Fund 1 to line item 95 (Fund 4) for technology lease;

95 Inst. Equip.         Increase Fund 4 for technology lease costs for technology rolling replacement plan     

The adjustments outlined in the budget reflect an overall increase of $96,597 to the projected operating deficit. Please feel free to contact me if you have any questions or concerns.

WEBSTER GROVES SCHOOL DISTRICT

BOARD OF EDUCATION ITEM OF CONSIDERATION

                                                                                                   DATE:   October 8, 2014

TOPIC/PROPOSAL:  Adjustments 2014-2015 Budget

BACKGROUND INFORMATION:

The Board adopted the original 2014-2015 budget on June 23, 2014.This is the first round of budget

adjustments necessary to reflect current revenues and expenditures.

INSTRUCTIONAL IMPACT/RATIONALE: 

 N/A

CSIP/DISTRICT GOAL ADDRESSED:  

CSIP Goal 7 – The district will maximize the use of district resources.

FISCAL NOTE

The budget adjustments will decrease operating receipts by $96,597. There was a transfer within operating

expenses which has no impact to the budget. The anticipated deficit for the budget increases to ($1,521,337).

ADMINISTRATIVE RECOMMENDATION:

•  Action Requested:  _X__       

•  Information: ___                   

•  Proposed Motion for Approval (if applicable):

I move that the Board of Education approve the budget adjustments as presented.

PREPARED BY: Dr. Diane Moore

Motion: _____________________                     Second: ___________________                    

Board Vote: ___(yes) ___(no)  ___(abstain) ___(Consent Agenda)

2/5/15