Meeting Date:   7/15/2019 - 7:00 PM
Category:   Action Considerations
Type:   Action
Subject:   Action Consideration #1907-11 - Approval - Tentative Budget Fiscal Year 2020
Enclosure In January the Board of Education adopted Action Consideration #1901-03, directing the Superintendent to prepare the 2019-2020 Budget in tentative form. Included with this memo is a copy of the Lockport Township High School District 205 Budget for Fiscal Year 2020 in tentative form. The Tentative Budget will be placed on display for public viewing on August 15, 2019, and will remain on display for thirty days. The Board of Education will, after the required open hearing, consider the adoption of the Fiscal Year 2020 Budget at its monthly meeting on September 16, 2019.

Included with this memo please find the following items for your review.

1. Budget Schedule for Fiscal Year 2020 from today forward.
2. Tentative Budget Summary: This document summarizes the revenue and expenditures for each fund and shows a projected fund balance on June 30, 2020.
3. 2019-20 Tentative Budget-Revenue: Report from Digital Schools that lists a more detailed revenue budget and compares it to the 2018-19 Amended Revenue Budget.
4. 2019-20 Tentative Budget-Expenditures: Report from Digital Schools that lists the expenditure budget by object and compares it to the 2018-19 Adopted Expenditure Budget.
5. Tentative Budget Resolution: The Board of Education will be asked to adopt this resolution at the July 15, 2019 meeting.
File Attachment:  
Budget Schedule for Fiscal Year 2020.pdf
2019-20 Tentative Budget 7-15-19 Board Memo.pdf
FY 20 Tentative Budget-July Bd Action.pdf
Tentative Budget - Revenue.pdf
Tentative Budget - Expenditures (1).pdf
Tentative Budget Resolution.pdf
Summary
Funding
Recommendation I recommend that the Board of Education approve the Resolution Fiscal Year 2020 Tentative Budget, as presented.
Approvals:  
Recommended By:
Signed By:  
Stefanie Croix - Director of Business Services
Signed By:  
Robert McBride Ed.D - Superintendent