Agenda Item
Meeting Date: 11/19/2019 - 6:30 PM
Category: Budget & Finance
Type: Info
Subject: 8.9 Five Year Financial Plan
:
Policy:
Enclosure:
File Attachment:
Five Year Budget Option A.pdf
Five Year Budget Option B.pdf
Five Year Budget Option C.pdf
Summary: A five year projection gives a benchmark for planning and decision making. The attached five year projection options have been prepared and will be used to ensure a quality education program and responsible spending plan for students and taxpayers in the Chartiers Valley School District. Option A projects operating revenues, expenditures and fund balance of the district if no tax increases are imposed on residents. Option B projects revenue, expenditures and fund balance of the district with a combination of tax increases below the index and with exceptions to achieve a necessary ending fund balance at the end of the five years. Options C projects revenue, expenditures and fund balance of the district with full tax increases (index plus exceptions) for the next five years.
Funding:
Recommendation for the Board Action: For Board Review.
Approvals:
Recommended By:
Signed By:
Emily Eckman - Director of Finance & Operations
Signed By:
Johannah Vanatta - Superintendent