When first looking at a sample budget timeline as well as my district’s timeline, it was very difficult to identify five events that would be the most important. There were a couple of events that did really stick out as very important. First and foremost was the mandatory adoption by the board of trustees no later than August 31st. I believe that this is probably the most important even in the budgeting process. Another event that I as well as my wiki group felt was of great significance is the ongoing monitoring of the budget. There is no actual date on a timeline for this but it is a must to periodically review the budget throughout the school year. The other three top five my wiki group chose was the tax rate adoption following budget adoption, certified property values at the end of July, and development of revenue estimates by school district administrators using the Foundation School Program (FSP) and local property taxes in December. As a group we felt these were the most significant dates on the Budget Process Timeline.
Rick and I posted to each other wiki our top 5 events. We were very close to the same top five. After some discussion and editing of each other’s wiki we decided on these as the top five. We were both in total agreement with the mandatory deadline of Aug 31 and also the tax rate adoption. One thing we both felt very important as well was the ongoing, periodic monitoring of the budget. It was very easy for us to reach a consensus on the top 5.
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