Aspiring Principals May 7,2013

Agenda Budget Cycle Weighted Student Funding Resources – Broadly Defined Key Questions 2

This budget is a financial plan focused on achieving our academic goals Strengthen teaching and school leadership ♦ Reach Proficiency for All ♦ Close Access and Achievement Gaps ♦ Graduate Students College-Ready and Success-Bound Replicate success and turn around low performing schools Deepen partnerships with parents, students, and the community Redesign district services for effectiveness, efficiency, and equity 3

figures reviewed and adjusted by Schools & Site Councils BPS Budget Development Process Fixed costs and prior commitments calculated by Budget Office Budget figures reviewed by BPS Offices & Superintendent’s Leadership Team Research by Dept. of Implementation Public Hearings on Budget Proposal City Council Hearings on BPS Budget I M P L E N T A O N* Superintendent’s Budget Proposal to School Committee by 1st Wed. in February. Mayor submits Budget to City Council for appropriation by 2nd Wed. in May. Policy Priorities developed by School Committee and Superintendent. School Committee vote on Budget by 4th Wed. in March. Preliminary Budget Figures Developed Budget to Mayor for adjustments, approval. Enrollment Projections Development of Superintendent’s Budget Proposal Anticipated programmatic changes from schools. Budget figures reviewed and adjusted by Schools & Site Councils Enrollment figures reviewed by Schools SEPT / OCT NOVEMBER DECEMBER JAN / FEB MARCH APRIL MAY District Process Schools Public BPS Central Offices * Note: Implementation includes an October reconcilement of projected to actual enrollment and related adjustments. Chief Financial Office, Boston Public Schools

Major systems processes Programmatic Changes Enrollment Projections Budget Allocation Development / Sharing/ Submission Budget Checkout Probable Organization 5

For the third year, we funded schools using Weighted Student Funding Principle Description Student focused Provides resources based on students, not on buildings, adults, or programs Equity Allocate similar funding levels to students with similar characteristics, regardless of which school they attend Transparency Easily understood by all stakeholders Differentiation based on need Allocate resources through a comprehensive framework that is based on student needs Predictability School allocation process is predictable and is structured to minimize school-level disruption School empowerment Empowers school-based decision-making to effectively use resources Alignment with district strategy Supports the Acceleration Agenda, our five-year strategic plan Weighted Student Funding is a more equitable, transparent and empowering budget approach

Resources People: How do I build the best team with the resources that I have to meet the needs of students that will be served in my school? Time: What opportunities do I have to build a schedule that allows for instructional focus, common planning, and appropriate professional development Money General Fund Federal and State Grants Private Funds, partnerships, district supports

Key Questions How does the weighted student funding template inform decisions in develop budget proposal and sharing with school community? What data is available in the case studies that guides decisions on budget? What role does timing have in developing future year plans? What significant challenges do you anticipate in developing your first school budget?