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Meeting Date:
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5/27/2021 - 5:30 PM
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Category:
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Report #2 of the Committee on Strategic Planning and Budget
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Type:
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Action
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Subject:
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1. Informational Overview and Public Hearing on the 2021-22 Superintendent's Proposed Budget
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Strategic Plan Compatibility Statement:
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Goal 1 Academic Achievement Goal 2 Student, Family and Community Engagement Goal 3 Effective and Efficient Operations
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Attachments
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Attachment (A) Transmittal Letter
Attachment (B) Table of Contents
Attachment (1) Executive Summary
Attachment (2) Organizational Section
Attachment (3) Financial Section
Attachment (3A) Schools
Attachment (3B) Central Services
Attachment (3C) Line Items
Attachment (4) Informational Section
Attachment (5) 2020-21 Superintendent's Proposed Budget
Overview
Attachment (6) Proposed Budget Referendum Supplement
Attachment (7) Elementary and Secondary Emergency Relief (ESSER) Informational Item
Attachment (8) 2021-22 Budget Resolutions For School Operations, Construction and Extension
Attachment (9) ESSER II and ESSER III Budget Detail
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File Attachment:
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Background:
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The district's financial planning and budget development is a year-round process. The process is guided by the Milwaukee Board of School Directors' goals, the Five Priorities for Success and the approved budget parameters.
The proposed budget is organized into four sections: Executive Summary; Organizational; Financial, including Schools, Central Services and Line Items; and Informational, including City Profile, MPS Profile and Glossary. The attached proposed budget is a reflection of the collaborative efforts of school, family, district and community stakeholders and the Milwaukee Board of School Directors. Meaningful discussions took place to determine where and how public dollars are spent ensuring equitable resource allocation that prioritizes funding for schools.
The spirit of this information overview is to publicly report and seek input from taxpayers concerning support for students and schools. It is incumbent upon the district to spend funding responsibly. This committee meeting and others planned as part of the budget timetable provide an opportunity for further budget review and discussion with the community and the Milwaukee Board of School Directors.
The proposed budget reflects the commitment to provide the best possible learning experiences for all MPS children.
In addition, the proposed Elementary and Secondary Emergency Education Relief Fund (ESSER) information is available in Attachment (7).
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Fiscal Impact Statement:
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The proposed budget for July 1, 2021 through June 30, 2022 is balanced. A balanced budget is one in which funding authorized for each Fund matches the projected revenues.
Projected 2021–22 revenue in the School Operations Fund is $1,034.7 million, which is a 2.8 percent increase of $27.7 million compared to the 2020–21 fiscal year. The $77 million referendum amount is included in the School Operations Fund.
The total proposed budget, which includes operations, nutrition, extension, construction and grant funding is $1.3 billion. Compared to fiscal year 2020–21 this is a 2.8 percent decrease that is mainly attributable to a projected increase in Operations Funds offset by a reduction in Categorical (grants) funds.
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Implementation and Assessment Plan
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Recommendation:
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Your Committee reports having given public hearing on the Informational Overview of the FY22 Budget.
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Approvals:
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Recommended By:
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Signed By:
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Lynn Ruhl - Director of Financial Planning and Budget
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Signed By:
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Martha Kreitzman - Chief Financial Officer
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Signed By:
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Calvin Fermin - Deputy Superintendent
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Signed By:
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Keith Posley, Ed.D. - Superintendent
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