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Oakland school board member David Kakishiba has proposed four adjustments to the district administration's budget proposal -- including the funding of adult education at current-year levels. They will be discussed at the June 22 school board meeting.
Date: JUNE 15, 2011 To: BOARD OF EDUCATION From: FINANCE & HUMAN RESOURCES COMMITTEE Re: Adoption of Oakland Unified School District 2011-2012 Budget The Finance & Human Resources Committee unanimously recommends to the Board of Education that it adopt the following adjustments to the Superintendent’s proposed 2011-2012 Budget: Adjustment Impact 1. Prioritize the use of the Ending Fund Balance, excluding the 3% Reserve for TBD Economic Uncertainty, on “Audit Findings & Early Pay-Off of State Emergency Loans”. 2. Allocate proposed Measure G expenditure for Middle School Electives to high $1 million schools to “maintain courses that help students qualify for college”, and provide middle schools one-time only bridge funding from the Ending Fund Balance. 3. Maintain current year level of expenditures and programming for Adult $3.3 million Education services (GED test preparation and Family Literacy). 4. Restore funding allocation to Deferred Maintenance and RRMA. $3 million Based on the v.6 Draft 2011-2012 Adopted Budget, these adjustments will impact the proposed Unrestricted General Fund Budget in the following manner: v.6 Draft Fiscal Impact of Unrestricted General Fund 2011-2012 Budget Adjustments Change in Fund Balance (6-30-12) $19,643,016.00 $13,353,175.00 Beginning Fund Balance (7-1-11) $28,388,092.00 $28,388,092.00 Ending Fund Balance (6-30-12) $48,031,108.00 $41,741,267.00
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