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I.
Update on Tentative Budget for FY 2016-17
Work Session Audio: https://archive.jefferson.kyschools.us/Board/2014_MP3s/WS2016-05-10ws1.mp3
This work session will provide an overview of the Tentative Budget for fiscal year 2016-17, which will be presented for the Board’s approval on May 24, 2016. Tom Hudson and Cordelia Hardin will provide an overview and answer Board members’ questions.
The budget process for fiscal year 2016-17 began with the General Fund Draft Budget, which was reviewed by the Board on January 26, 2016. The Tentative Budget must be approved by the Board on or before May 30th and include no less than a minimum reserve of two percent (2%) of the total budget.
The final Working Budget for fiscal year 2016-17 will be submitted for Board approval no later than the last Board meeting in September and submitted to the Kentucky Board of Education by September 30th as required by KRS 160.470.
Submitted by: Cordelia Hardin
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