EDLD+School+Finance+Week+2+Assignment

Working with your wiki group members, **__develop your group’s “top five list of events and dates__** in the development of a district budget.” Briefly describe how your Wiki group reached consensus on these top five – in other words, **__why are these your top five?__** In developing your “top five list,” we strongly urge you to review the TASBO Budget Development Power Point located in the Resource Section, or found at the following link: [] You may also wish to bookmark or review the general TEA Finance web site found at: [] Use your Wiki group and reach consensus to identify your group’s top five list of events and important dates in the development of a district budget, and do the following:
 * Week Two Assignment, Part 2 – State Budget Development Insights and reflections **
 * Directions: **In this activity, you will be asked to post to your blog, your faculty section blog and to your group Wiki and comment on at least one other group’s wiki posting. **__Your faculty and Instructional Associate will assign you to a Wiki group for this activity.__**
 * post your top five list of events and dates to your Wiki group including why your group selected these as your top five,
 * post a reflection on the faculty section blog, and
 * comment on at least one other cohort Wiki group submissions.

‍**Marie's Top Five and Reasons **
==‍**1.S **** chool starts on the 4th Monday in August but t ** **he date for the new budget to be released is the 1st of September if it is not on a weekend, this causes an issue when the new year start but the new funds are not available yet. **{Two critical dates for budget preparation/adoption have been mandated by TEA. These dates (as noted in the previous section, Legal Requirements for Budgets) are: (1) August 20th -the district budget must be prepared by this date (June 19th for districts that have a July 1st fiscal year start date), and (2) August 31 -the district budget must be adopted by the school board by this date(June 30th for districts that have a July1st fiscal year start date)} ==

==‍<span style="font-family: 'Comic Sans MS',cursive;">** 2.Late ** **<span style="color: #008dff; font-family: 'comic sans ms',cursive; font-size: 16px;">May 25 General Operating Budgets Due - submitted for approval in TEAMS; Campus Improvement Plans including prelimiary allocations of Title and Comp Ed funds Due - completed in FTF; All Federal Fund Budgets Due - completed in FTF (i.e. Special Ed, Child Nutrition, etc.) **==

==‍**<span style="color: #008dff; font-family: 'comic sans ms',cursive; font-size: 16px;">3. **** August Regular Board Meeting - Final Budget Approval **==

==‍** 4. **<span style="color: #008dff; font-family: 'Comic Sans MS',cursive; font-size: 16px;">February/March- Needs Analysis/Campus Improvement Plan Development/Capital Needs ==

==‍<span style="color: #008dff; font-family: 'Comic Sans MS',cursive; font-size: 16px;">5**<span style="font-family: 'Comic Sans MS',cursive;">. ** **<span style="color: #008dff; font-family: 'comic sans ms',cursive;">HB 1 passed in 2006 by the 79th Legislature. Expanded Tier II to provide three different levels of guaranteed funding on the pennies of tax effort exceeding a district’s LFA **==

EDLD 5342 Week 2, Group 5 Assignment Post Top Five List of Events and Dates in the Development of the District Budget

Budget priorities/initiatives identified by Executive Team Collect and Analyze student projections
 * 1) **** November - Create Budget Development Plan **

// Student schedules and campus budgets for personnel must be driven by student requests and campus programs. //


 * 2) **** February 14-25 – **
 * Distribute budget preparation documents to campuses and central offices
 * Conduct budget workshops for central budget managers
 * Conduct budget workshops for campus administrators by Learning Community

// These documents generated by gathering this information are necessary to evaluate goals, set responsibilities and to set up the framework for the budget driven by goals and objectives. //


 * 3) **** May 12 – Board of Trustee Business Briefing **
 * Preliminary 2011 - 2012 Budget Review
 * Review Revenue Projections

// Along with the preliminary estimate of taxable values received from Central Appraisal District, the Board of Trustees sees the preliminary budget and reviews how it aligns with revenue projections. This gives the superintendent the opportunity to gain support and understanding of the new budget by clarifying any questions and presenting information that correlates with district goals. //


 * 4) **** June 23 - Board of Trustees Meeting **
 * Tax Rate Public Hearing
 * Adopt 2010-2011 Budget

// The community has the opportunity to weigh in on the tax rate and see how it corresponds to the new budget. //


 * 5) **** Aug 25- Board of Trustees Meeting **
 * Adopt a Tax Rate

// Since the entire budget is predicated on the tax rate adopted by the board, this final step assures that the budget will be covered for the upcoming school year. //