2. Review 2009-10 Tentative Budget for all Funds
Dr. Copeland distributed the 2009-2010 Tentative Budget based on current information. The current economic circumstances present a significant challenge in developing the budget. He reiterated the requirement of a 3% unreserved general fund balance. The following topics were addressed: TRIM and budgeting timelines, new ARRA Program funds 431 and 432, loss of Lottery funds for 2009-2010 and continuing drop in categoricals.
The analysis shows total funds available for 2009-2010 in Fund 100 (General Fund) as $260,227,618. Considering the estimated uses of revenue, the unreserved fund balance as of June 30, 2010 is estimated at $9,995,059. The majority of the presentation covered Fund 100 due to over 86% of the expenditures being salaries and benefits.
Wimberly Brackett, Director of Food and Nutrition Services, shared cost reduction and cost control issues that are in place for the 2009-2010 school year with no increase in meal prices.
Roni Campbell, Accounting Coordinator, briefly explained the new Special Revenue Funds 431 (State Fiscal Stabilization Fund) and 432 (American Recovery & Reinvestment Act Fund).
Dr. Copeland also reviewed Fund 200 - Debt Service, Fund 420 - Special Revenue Fund and Fund 711 - Internal Service Fund.
The total annual budget presentation for 2009-2010 can be reviewed in the Business Affairs office.
3. Review 2009-10 (Initial Year) Tentative Educational Facilities Plan
Jim Connell, Director of Facility Planning & Construction, introduced John Merrill as the new Director of Maintenance.
Mr. Connell briefly reviewed the Capital Outlay Priorities for 2009-2010.
Facility Projects can be reviewed in the attachment.