Developing+a+District+Budget

Top 5 Events/Dates in the Development of the District Budget

1. December – Development of revenue estimates by school district administrators using the Foundation School Program (FSP) and local property taxes 2. August 20 – Budget must be prepared (TEA mandated) 3. August 31 – Budget must be adopted by board (TEA mandated) 4. September – Tax rate adopted (must be done after adoption of budget) 5. Ongoing – Periodic monitoring (at campus and district level) as funds are expended throughout the year

· Red identifies 5 most important. Overview of Budget Timeline Spring-end of process Budget worksheets, staffing analysis, hiring of personnel April 30 Estimated property values from Appraisal District Early June Prior year student count information May-early July Development of preliminary budget information for presentation and discussion at July board meeting. Compile budget requests. July 25 Certified property values from Appraisal District July-early August Preliminary budget is adjusted for certified property values and other changes as needed and discussed at regular August board meeting. A proposed tax rate for publishing and a public meeting date are set at this board meeting. August Final adjustments are made to the budget. Required publications are made. Late August A “Public Meeting to Discuss Budget and Proposed Tax Rate” is held at the special August board meeting. After the public meeting, the budget is adopted. Once the budget is adopted, the board will then adopt the tax rate.