Financial Affairs Committee Presentation December 2019

The December Facilities Committee meeting convened on Tuesday, December 3. Business manager Cara Michaels presented two agenda items: The 2019/20 budget status and 2020-21 preliminary budget. CSD has collected $90,598,175 or 74 percent of its revenue and has spent/ encumbered $47,004,698 or 38.4 percent of its expenditures. The 2020-21 preliminary budget, which is the first look at the budget for next fiscal year, has a budget gap of $3,230,975. Revenues are reported at $121,417,116, which includes a tax increase of 2.6 percent and expenditures are reported at $124,648,091. This is the first stage in reviewing and discussing the 2020-21 budget. The School Board votes on the final budget in June 2020.

The next Financial Affairs meeting is Tuesday, Jan. 7, 2020.

120319 Financial Affairs.pdf, 6.72 MB; (Last Modified on December 4, 2019)