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HomeMy WebLinkAboutAgenda - 09-25-2007-5b08/30/07 2Q08-d9 Budget Process The Tax Goal that the Board approved in January 2007 provided staff with a tax rate increase target for fiscal year 2007-08. That goal was a good first .step in balancing School and County needs with maintaining taxes at a level that many residents could afford. A natural progression might be to expand the 2008-09 Tax Goal to include other guidelines and priorities that the Board may see as necessary. September 14, 2008 Board Wark Session. with Phillip Boyle -Strategic ('/2 day work session) Direction and Policy Navigation Financial Forecasting and Preliminary Budget Work Session -Examples of topics include: r~ Year-to-Date Fiscal Update for Fiscal Year 2007-08 ~~t> 5-Year revenue and expenditure projections 5-Year fund balance projections October 18, 2007 ~~ Anticipated 5-Year Tax rate projections ~:~ Future Debt Capacity Preliminary discussions about budget/tax goal, future budget assumptions/guidelines/priorities _~ School Funding Guidelines ~~ Future budget drivers {new facilities, debt service, etc) ~= Outside Agency Funding Guidelines November/December BOCC Retreat -adopt budget/tax goal/budget 2007 priorities . School Collabaratian Meeting to discuss BOCC January/February 2008 adopted budget/tax goal and budget assumptions/guidelines; impact on school funding Budget Work Session -Examples of topics include: . February 2008 =~~: FY 2008-09 and 2009-10 Revenue Projections ~~; Proposed Fee Schedule Changes ~~= 2008-09 and 2009-10 Budget Drivers ~~,~ 5 -b