Review Agenda Item
Meeting Date: 5/23/2023 - 5:30 PM
Type: Info
Subject: 2. Informational Overview and Public Hearing on the 2023–24 Superintendent's Proposed Budget
Strategic Plan Compatibility Statement:
Goal 1
Academic Achievement
Goal 2
Student, Family and Community Engagement
Goal 3
Effective and Efficient Operations
Policy: Admin Policy 3.01 - Annual Operating Budget
Attachments 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 (3B) Central Services Revised
Attachment (3C) Line Items
Attachment (4) Informational Section
Attachment (5) Proposed Budget Referendum Supplement
Attachment (6) Emergency Education Relief Fund Supplement
Attachment (7) 2023-24 Superintendent's Proposed Budget Overview
FY24 Budget Resolutions
File Attachment:
(A) Transmittal Letter.pdf
(B) Table of Contents.pdf
(1) Executive Summary.pdf
(2) Organizational Section.pdf
(3) Financial Section.pdf
(3B) Central Services_Revised.pdf
(3C) Line Items.pdf
(4) Informational Section.pdf
(5) Proposed Budget Referendum Supplement.pdf
(6) Emergency Education Relief Fund Supplement v2.pdf
(7) 2023-24 Superintendent's Proposed Budget Overview v3.pdf
FY24 Budget Resolution.pdf
(3A) Schools.pdf
Background: The District's financial planning and budget development is a year-round process 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 reflects the collaborative efforts of schools, families, the district, 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 school funding.

The proposed budget reflects the commitment to providing all MPS children with the best possible learning experiences.
Fiscal Impact Statement: The proposed budget for July 1, 2023, through June 30, 2024, is balanced. A balanced budget is one in which funding authorized for each Fund matches the projected revenues.

The projected 2023–24 revenue in the School Operations Fund is $1,036.2 million, which is a 1.0% decrease of $10.4 million compared with the 2022–23 fiscal year. The $87 million referendum amount is included in the School Operations Fund.

The total proposed budget, which includes operations, nutrition, extension, construction, and grant funding is $1.5 billion. Compared with fiscal year 2022–23, this is a 0.2 percent decrease that is mainly attributable to the reduction of grant funds as Elementary and Secondary School Emergency Relief I, II and III are being expended.
Implementation and Assessment Plan
Recommended By:
Signed By:
Martha Kreitzman - Chief Financial Officer
Signed By:
Keith Posley, Ed.D. - Superintendent