The Accelerated Schools > Budget Finance Calendar

Budget Finance Calendar

JANUARY

  • STATE OF CALIFORNIA PROPOSAL RELEASED FOR SUBSEQUENT YEAR’S BUDGET
  • DISCUSSION WITH ADMINISTRATORS REGARDING ENROLLMENT PROJECTIONS FOR INITIAL REVENUE AND EXPENDITURE ESTIMATES
  • FINANCIALS REPORTS FOR DECEMBER REVIEWING BUDGET VARIANCES AND END OF YEAR PROJECTIONS

FEBRUARY

  • BOARD OF TRUSTEES MEETING DISCUSS AND REVIEW JANUARY FINANCIALS AND PROJECTED FINANCIAL RESULTS FOR THE YEAR AND PRIOR YEAR TAX RETURN
  • DISCUSS WITH ADMINISTRATORS AND DEPARTMENT MANAGERS FUNDING REQUIREMENTS FOR NEXT FISCAL YEAR INCLUDING STAFFING CHANGES BASED ON ENROLLMENT
  • SCHOOL BASED COUNCIL/SCHOOL SITE COUNCIL (SBC)/ENGLISH LANGUAGE ADVISORY COMMITTEE (ELAC) MEETING
  • CONTINUE WORKING ON BUDGET TEMPLATE INCORPORATING STATE PROPOSAL FOR FUNDING
  • FINANCIAL REPORTS FOR JANUARY- REVIEW BUDGET VARIANCES AND WHAT IMPACT THEY WOULD HAVE ON BUDGET PROJECTIONS
  • REVIEW LEGISLATIVE ANALYST OFFICE (LAO) COMMENTS ON BUDGET

MARCH

  • CONTINUE MEETINGS AND DISCUSSIONS WITH INFORMED PARTIES. REVIEW LOCAL CONTROL ACCOUNTABILITY PLAN BASED ON TEMPLATE WITH EIGHT SPECIFIC AREAS
  • WORK ON PRELIMINARY BUDGET- ANALYZE CDE SITE FOR ADDITIONAL INFORMATION RELATING TO PROJECTED REVENUE.
  • 2ND INTERIM FOR CURRENT FISCAL YEAR SENT TO LAUSD WITH PROJECTED FINANCIALS FOR YEAR END JUNE 30TH
  • FINANCIAL REPORTS FOR FEBRUARY- BUDGET VARIANCES

APRIL

  • REVIEW BUDGET WITH ADMINISTRATORS AND DEPARTMENT HEADS
  • BOARD MEETING- PRESENT FOR REVIEW PRELIMINARY BUDGET FOR THE NEXT FISCAL YEAR.
  • LAUSD PRELIMINARY BUDGET SUBMITTED
  • P2 SUBMITTED WHICH DETERMINES FUNDING FOR SCHOOL FOR CURRENT FISCAL YEAR
  • FINANCIAL REPORTS FOR MARCH
  • SBC/ELAC MEETING

MAY

  • REVIEW STATE BUDGET REVISIONS AND ADJUST BUDGET APPROPRIATELY INCLUDING FOR NEW WORKERS’ COMPENSATION RATES
  • REVIEW GROUP MEDICAL INSURANCE QUOTE FOR IMPACT ON BUDGET
  • CONTINUE DEVELOPING BUDGET FOR UPCOMING FISCAL YEAR
  • REVIEW STATE BUDGET REVISIONS
  • FINANCIAL REPORTS FOR APRIL

JUNE

  • FINANCIAL COMMITTEE MEETING TO REVIEW AND RECOMMEND OPERATING BUDGET
  • BOARD REVIEWS FINANCIAL STATEMENTS AND REPORTS THROUGH MAY
  • BOARD OF TRUSTEES ADOPTS PRELIMINARY OPERATING BUDGET FOR NEXT FISCAL YEAR AND LCAP
  • BOARD OF TRUSTEES REVIEWS 3 YEAR BUDGET PLAN TO ENSURE FINANCIAL SOLVENCY
  • SBC/ELAC MEETING

JULY

  • ALL FINANCIAL REPORTS FOR YEAR ENDED JUNE 30TH COMPLETED
  • PARENT MEETINGS DISCUSS FISCAL PLANS AND COMPLETE MEAL APPLICATIONS
  • CDE PUBLISHES NEW MEAL REIMBURSEMENT RATES

AUGUST

  • UNAUDITED ACTUALS SUBMITTED TO LAUSD
  • FINANCIAL REPORTS PREPARED FOR JULY
  • REVISE BUDGET BASED UPON FINAL STATE BUDGET. APPROVED BY BOARD OF TRUSTEES
  • SBC/ELAC MEETING

SEPTEMBER

  • FINANCIAL REPORTS FOR AUGUST REVIEWING BUDGET VARIANCES

OCTOBER

  • BOARD OF TRUSTEES MEETING DISCUSSING FINANCIAL RESULTS THROUGH SEPTEMBER INCLUDING BUDGET VARIANCES. ALSO DISCUSS FREE AND REDUCED MEAL COUNTS AND EFFECT ON BUDGET
  • SBC/ELAC MEETING

NOVEMBER

  • FINANCIAL REPORTS FOR OCTOBER INCLUDING BUDGET COMPARISON TO ACTUALS
  • 1ST INTERIM REPORT FOR LAUSD REVISING BUDGET PROJECTIONS

DECEMBER

  • BOARD OF TRUSTEE MEETING DISCUSSING FINANCIAL RESULTS THROUGH OCTOBER INCLUDING BUDGET VARIANCES BOTH ON THE REVENUE AND EXPENSE SIDE. REVIEW 1ST INTERIM REPORT. PRESENTATION AND ACCEPTANCE OF PRIOR YEAR ANNUAL AUDIT REPORT
  • CALPADS REPORTING COMPLETED FOR FALL 1. REVIEW IMPACT ON BUDGET PROJECTIONS BASED ON DATA
  • P1 REPORTING DATA SUBMITTED
  • SBC/ELAC MEETING
  • FINANCIAL REPORTS PREPARED FOR NOVEMBER