Review Agenda Item
Meeting Date: 5/28/2024 - 5:30 PM
Category: ITEMS OF BUSINESS
Type: Action
Subject: 3. Consideration of the 2024–25 Superintendent's Proposed Budget with Possible Action on Proposed Budgetary Amendments
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 Proposed Budget Amendments 01-04

Amendment 05, by Director Zombor, on District Mentor Teacher
Amendment 06, by Director Zombor, on Work Based Learning Specialist
File Attachment:
Amendment 05 by Zombor_District Mentor Teacher.pdf
Amendment 06 by Zombor_Work Based Learning Specialists.pdf
(A) Transmittal Letter.pdf
(B) Table of Contents.pdf
(1) Executive Summary.pdf
(2) Organizational Section.pdf
(3) Finance Section.pdf
(3A) Schools.pdf
(3B) Central Services.pdf
(3C) Line Items.pdf
(4) Informational Section.pdf
(5) ESSER III Proposed Budget Revision Detail-Spring 2024.pdf
(6) 2024–25 Superintendent's Proposed Budget Overview.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, 2024, through June 30, 2025, is balanced. A balanced budget is one in which funding authorized for each Fund matches the projected revenues.

The projected 2024–25 revenue in the School Operations Fund is $1,166.7 million, which is a 11 percent increase of $119.4 million compared with the 2023–24 fiscal year.

The total proposed budget, which includes operations, nutrition, extension, construction, and grant funding is $1.47 billion. Compared with fiscal year 2023–24, this is a 8 percent decrease that is mainly attributable to the end of the federal Elementary and Secondary School Emergency Relief funds.
Implementation and Assessment Plan
Recommendation: That the Board determine how it wishes to proceed, relative to the budget amendments.
Approvals:
Recommended By:
Signed By:
Nick Sinram - Director II, Financial Planning and Budget
Signed By:
Martha Kreitzman - Chief Financial Officer
Signed By:
Keith Posley, Ed.D. - Superintendent