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Board approves estimate of needs for 2627 fiscal year
Summary
The board approved the district's formal 'estimate of needs' to set legal appropriations limits for the 2627 school year; finance staff said the estimate is reviewed with OCAS data and audited before submission to the county excise board.
The board approved the estimate of needs that begins the district's annual budget cycle and sets legal spending limits for appropriated funds. The presenter described the estimate as "essentially a cash audit of all of our appropriated funds" and said the auditor reviews the document before it is sent to the county excise board for approval.
Trustees clarified whether the presentation included a dollar amount; the presenter said the estimate document itself is the item being moved and that the operating budget will be presented to the board in about a month. A motion to approve the estimate of needs passed on roll call.
