Current Fiscal Year Budget (Ending June 30, 2021) With state revenues running far ahead of this time last year, the state released the money they had previously withheld to public school districts in July. Without any surprises, Fort Osage should end the year with a balanced budget. Next Fiscal Year Budget (Beginning July 1, 2021) The three major factors that will impact Fort Osage’s operating revenue next year include state funding, the Jackson County assessment and the levy transfer found on the upcoming ballot. We are continuing to monitor the state budget and the allocation to public schools as the state legislators have not yet passed the budget. Separately, Jackson County recently released their preliminary assessment numbers which indicated a 7% increase to Fort’s assessed valuation. Last, the no tax increase levy transfer (Question 2) on the April 6 ballot would provide additional operating money with its passage. All three of these factors play a role in Fort Osage’s budget next year, and at least two of them should be determined by the Board's budget approval in June. I will be meeting with Team Fort Osage on April 9 to discuss salary and benefits for the coming year. One factor that always impacts the budget is health insurance costs. Maintaining a balanced budget is a priority for the Board, and my goal is to achieve that while continuing to provide appropriate staffing, good health insurance coverage, and fund steps and movement for staff. I will also discuss the possibility of adding additional money to the salary schedule. As always, we will continue to monitor things closely. The budget will be presented to the Board for their approval at the June meeting. Comments are closed.
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