PGCPS Annual Budget Process How We Receive and Spend Funds and Budget Timeline FY2013 Operating Budget Public Hearing / Superintendent of Schools / William R. Hite, Ed.D.
How We Receive & Spend FundsThree (3) Components: Superintendent’s Final State funding BOE Reconciliation Proposed Budget to decisions and with County the BOE (Dec) and County Budget Decisions and BOE Requested decisions w/public approved funding Budget to County school funding levels (June) Executive (Mar) recommendations SLIDE 2
PGCPS Revenues – FY 2012Total PGCPS revenues in FY 2012were $1.614B Other 1% Federal 7%• Roughly 99% of revenues are from three sources (all formula-driven, based on enrollment): County 38% State of Maryland County Government State of Marylan Federal Government d 54%• The remainder of PGCPS revenues are obtained from Board sources SLIDE 3
How We Receive & Spend FundsBOE Timeline:• Superintendent proposes spending plan to BOE (Dec)• BOE holds budget hearings and work sessions (Jan-Feb)• BOE submits Requested Budget to County Executive (Mar 1)• BOE Reconciles with County Approved Budget (Jun) SLIDE 4
How We Receive & Spend FundsCounty Timeline:• County Executive proposes budget to County Council (Mar 15)• County Council holds budget hearings and approves budget (Mar–Apr)• General Assembly approves budget (Mar–Apr) SLIDE 5
How We Receive & Spend FundsState Timeline:• Governor proposes budget to General Assembly (Jan)• General Assembly holds budget hearings (Jan–Mar)• General Assembly approves budget (Mar–Apr) SLIDE 6
Revenue DriversK-12 enrollment plays asignificant role in determininghow much revenue isanticipated to support theDistrict’s priorities and coreservices. Please note that thedistrict receives no funds forPre-K enrollment (nearly 6500students).Current year enrollment(September 30, 2011) is used inthe revenue projection for thenext fiscal year (FY 2013).Decreased enrollment andincreased County wealth(assessable base and incometax) results in reduced per pupilformula funding. SLIDE 7
PrioritiesStudent-Based Budgeting(SBB) allows schooladministrators, parents, andcommunity members toguide the decision-makingprocess for how schoolbudgets should be spent.This new process, donesolely at the school level,essentially gives the schoolcommunity more authorityover their school budgets,encourages innovation andenhances schooleffectiveness. SLIDE 8