Pgcps budget process-_public_hearing
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The document summarizes Prince George's County Public Schools' (PGCPS) annual budget process. It receives funds from three main sources - the state of Maryland, Prince George's County, and the federal government. These funds are determined by enrollment-based formulas. The budget process involves the superintendent proposing a budget in December, the Board of Education reviewing and revising it until June, and the county government and state legislature also providing input and approval. Student-based budgeting now allows individual schools more authority over how their allocated funds are spent.
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TABLE OF CONTENTS
PWC Proposed FY 2015 Budget ........................... 3
Strategic Plan ......................................................... 4
Your Tax Dollars At Work ..................................... 5
What Is the County Budget? ................................. 6
General Fund Revenue & Resource Summary...... 7
Where Does the Money Come From? ................... 8
Where Does the Money Go? ................................. 9
Major Budget Changes/Initiatives ...................... 10
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Budget Process .................................................... 12
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Citizen Guide 3
PWC PROPOSED FY 2015 BUDGET
A Message from the
County Executive
On behalf of Prince William
County staff, I am pleased to
deliver the Prince William County
Executive’s Proposed FY 2015
Budget and the accompanying
2015 – 2019 Five Year Plan. The
Proposed Budget follows the policy
guidance provided by the Board
of County Supervisors (BOCS)
to prepare a balanced budget that
allows for no more than a 2.5%
increase in the average residential
tax bill. The Proposed Budget is
balanced at a tax rate of $1.126
per $100 of value and generates
an average residential tax bill of
$3,499, an $85 increase over the
updated FY 14 average of $3,414.
Through the County’s Strategic
Plan the community has identified
the initiatives they believe will take
us toward our vision and these
choices directed the development
of the Proposed Budget and 2015-
2019 Five Year Plan, within the
overall guidance provided by the
BOCS. The upcoming public
hearings provide the community
with yet another opportunity to
make their voices heard, and the
Our Community
FY 15 Population: 430,959 (includes towns)
Area: 348 Square Miles
Labor force: 230,529 (November 2013)
At-place employment: 117,965 (2nd Qtr. 2013)
Unemployment rate: 4.4% (November 2013)
Households married w. children 2012: 32.4%
Median Household Income 2012: $93,744 (ranked 12th in U.S.)
One-way average commute, 2012: 39.6 minutes (up from 36.9 in 2000)
Adults with college degree, 2012: 44.9%
Average assessed house value,
2013: $289,095 (all houses as of
January 2013)
Average sold house value:
$335,403 (Dec. 2013)
BOCS will once again balance what
the community says they want in
terms of services with what they are
willing to pay for those services to
form the adopted budget.
County staff remains committed
to our vision to do the “right
thing for our customers and the
community every time.” History
shows that when this organization
works together with the Board
and the community to make tough
decisions, our combined efforts
move us toward our adopted vision.
The most recent Community
...
Fiscal Forecast School Operating Fund
Fiscal Forecast School Operating Fund
School Board and Board of Supervisors Joint Work Session
November 25, 2014
schoolfinance101fornewprincipals-acsaleadershipconferencenov2013final-1311051...
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School finance 101 for new principals acsa leadership conference nov 2013 ...
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Ospi K 12 Finance Outlook And 6 Key Recommendations Vancouver 10 23 08
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Budget_Transparancy_OBI_Pakistan
This document discusses budget transparency and the Open Budget Index. It provides information on:
- Why budget transparency and accountability are important, such as for fiscal discipline and identifying spending leakages.
- How the Open Budget Index is calculated, through surveys of over 100 countries that evaluate public access to budget documents and oversight opportunities.
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Secretary brown's presentation
The document summarizes Virginia's state budget process, recent fiscal trends, and future issues. It outlines the key stages and actors involved in developing, passing, and executing the state budget. It notes that revenues collapsed in late 2008 and 2009 due to the economic downturn, leading to budget shortfalls. Looking ahead, Medicaid costs and funding public education will continue to be major drivers of spending.
Making the Grade: Preliminary 2010-2011 Budget Presentation
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schoolfinance101fornewprincipals-acsaleadershipconferencenov2013final-1311051...
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School finance 101 for new principals acsa leadership conference nov 2013 ...
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- 1. 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.
- 2. How We Receive & Spend Funds Three (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
- 3. PGCPS Revenues – FY 2012 Total PGCPS revenues in FY 2012 were $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
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