April 8, 2021 at 5:00 PM - Budget Committee

Description:  The purpose of this agenda item is to review the projected end of the year balance. Attached you will find the District monthly financial report as well as a report from ForeCast5 that estimates the end of the year balance.

Administration would like to discuss the topic of the annual Fund 73 contribution. Fund 73 is the Employee Benefit Trust Fund. We have held off on making the payment for 2020-2021 until the end of the fiscal year. The main reason for holding off the payment was to determine whether or not these funds would be needed for school reopening expenses. We would need to make this payment by June 30, 2021. Administration is seeking feedback from the committee on making this payment.

Description:  The purpose of this agenda item is to discuss the topic of carryover funds for the buildings/departments. During the 2019-20 school year, buildings/departments were not allowed to carryover funds for activities that did not take place because of the school closure (i.e. transportation, spring sports, etc.). During the 2020-21 school year, many events/activities did not take place due to COVID19. Administration is seeking feedback from the Budget Committee on the topic of building/department carryover funds. You can reference the monthly finance report from the prior agenda item to see the current balances for each building/department.

Description:  The purpose of this agenda item is to review the balance in the Operational Referendum funds. Attached please find a financial report as of March 31st. We still need to complete a process in payroll to charge several positions to the Operational Referendum funds. Examples include the virtual teachers and the contact tracers. Additional expenditures are expected as a result of the transition to additional in-personal learning opportunities.

Description:  The purpose of this agenda item is to discuss the next steps in the 2021-2022 budget process. Attached please find the budget timeline. Please note the special board meeting scheduled for the end of April. Administration is seeking your input regarding any topics the Committee would like to see addressed during this meeting.

Description:  The purpose of this agenda item is to discuss class size and FTE estimates for the 2021-22 school year. Attached please find an updated Budget Planning document that includes projections for class size and FTE. Administration is requesting feedback from the committee regarding this topic.

Description:  The purpose of this agenda is to discuss projected salary/benefit increases for 2021-22. Attached please find salary and benefit information provided by Brian Grabarski as background for this discussion. Brian will review this information with the Committee at the meeting. Administration is seeking feedback regarding both the timing of salary/benefit increases as well as the budgetary estimates.

Description:  The purpose of this agenda item is to review the budget assumptions that are included in the 2021-2022 Budget Process. Attached please find the assumptions that were shared with the Committee at the March meeting and are being used in the budget planning process.

Description:  The purpose of this agenda item is to discuss a proposal to provide food service to the Westside Christian School. Attached please find a budget and letter that outlines the potential agreement. The District has a similar agreement with the Madison Country Day School. Connie Vacho, Food Service Director, is recommending approval of this agreement, as the agreement provides financial resources towards the District's food service program.

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