Act on 2020-2021 Budget Plan

On Monday May 4, the board reviewed a budget plan for FY 21.  This summary was a compilation of budget work and feedback beginning in November 2019, and identified $3,569,496 in cost containment. While this plan reflects a decrease in the rate of expense growth for FY 21, it is important to note that the expense budget for next year will increase by $4.7 million or 3.54 percent.   The current pandemic has created much uncertainty for all areas within school districts; yet, we believe the plan presented Monday night represents a balanced and prudent approach to the district's financial planning, based on what we know today.   The plan stabilizes the district budget for the next two years, and we remain committed to our fiduciary responsibilities by aligning its revenues to expenses for the future.

The administration recommends approval of the 2020-2021 (FY 21) budget cost containment plan as summarized in the attachment.