September 12, 2022 at 6:30 PM - Board of Education Budget Hearing

Rationale:  September 2, 2022

Rationale:  The Norfolk Public School District's board of education Budget Hearing is called to order.
 

Rationale:  If any board member is absent, there will need to be a  motion to excuse the absence.

Rationale:  This is a legal meeting of the board of education, as advertised by the means specified in board policy. A complete copy of the Open Meetings Act is posted in the board room for your review. A copy of the agenda is available at the desk of the recording secretary.

Rationale: 

Welcome to the Budget Hearing for the 2022-2023 school year. The purpose of this hearing is to give taxpayers the opportunity to provide support, opposition, criticism, or suggestions and observations regarding the budget.  The hearing is for the budget only, other items will not be discussed.  There will be a review of budget items and the board will provide an opportunity for public comment. The adoption of the budget will take place by a vote during the Sept. 28th board meeting and not at the hearing.  The budget for all the funds includes all the estimated resources of each fund, including its cash reserve.  The district is not anticipating needing to expend all of those dollars this fiscal year in each fund but does need to budget for it in its expenditures to show all resources of each fund are accounted for. 
With the general fund being the largest and most used fund, I will provide more details. We are budgeting $55,432,293 in actual expenditures in the general fund for 2022-2023 which leaves the remainder for cash reserve and county treasurer balance.  The actual expenditure increase in the general fund for 2022-2023 is $2,205,336 from 2021-2022 expenditures.  Of that, $2,032,809.51 is for staffing cost increases and $177,526.49 to cover all other areas (curriculum, technology, transportation, utilities, maintenance, etc.)  As in past years the budget is largely, for staff.  This year, 82.56% of the general fund budget is for salary and benefits, which is close to the same percentage that was in past budgets.
All the other fund budgets are budgeted for the function each fund provides.  The other two taxing funds (Special Building Fund and QCPUF) also include estimated county treasurer balances in their budgeted resources.