1. Woodland School District #50 2018-19 Tentative Budget Update
Thursday, August 23rd, 2018

2. Budget Calendar (2018-19 Fiscal Year)
Key Reporting Dates
June 28, 2018 – Tentative Budget Approval
Approval of draft budget for public comment period
July/August– Budget Update Period: Review revenue and expenditure forecasts
September 27, 2018 – School Board final budget approval

3. Woodland SD 50 (Est. Revenues & Expenses)

4. Woodland SD 50 – Levy Revenue Adjustment.

5. 2018-19 Tentative Budget – Revenue Adjustments
Local 84% - Change of -$2,205,300
Levy revenue decrease due to early tax extension dollars
Food Service reduction in collectible fees
State 12% - Change of -$239,733
Reduction in grant revenue
The New Tier Funding has not yet been included in the Base Funding Minimum (BFM)
Federal – Change of -$12,620
Various grant adjustments (Title I, Title II, IDEA)
Note: The first BFM payment will be delayed. Districts will only receive 1 (one ) BFM payment in August. At this point in time, Woodland 50 will be able to calculate the Charter School portion.

6. Woodland SD 50 (Revenues).

7. Woodland SD 50 Evidence Based Funding..

8. 2018-19 Tentative Budget – Expenditure Adjustments
Salary & Benefits – Change of -$27,301
Staffing changes remain constant
Reduction of KG positions excluded from tentative budget until school begins
Services – Change of $173,229
Increased contracted employees for hard to fill positions
Various miscellaneous changes
Supplies & Equipment – Change of -$127,333
Various reductions and costs savings by department
Tuition/Pvt Placement – Change of $21,400
Miscellaneous tuition changes

9. Woodland SD 50 .

10. Woodland SD 50 .

11. Questions