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