2015-16 Year-End Process – Notification to Principals
We hope you are enjoying your summer! Not only will we begin the new fiscal year on July 1, we are also beginning the year-end process for 2015-2016. Budget Services will review all school site budget balances for categorical and general programs (budget vs. actual) to ensure sites do not have deficits.
As done in the past, during the year-end process each school is reviewed and if a program is overspent in a particular account at year-end, an expenditure transfer will be completed to cover the deficit in the account. There will be some planned general fund budget overages based on special circumstances (for example, sub costs for long-term illnesses). However, in general, any programs that have been overspent will be balanced at year-end with other school site program resources. Compliance requirements will always be taken into consideration when transfers to another program are completed. Each program overage will be addressed individually.
Note: Possible deficits resulting from retro-active compensation increases for 2015-16 will be covered with district funds (does not apply to Charter schools).
Please let Michael Smith (643-9405) know by July 10, 2016 if you have any concerns regarding balances and/or overages in your site accounts. Otherwise, if you do not respond by July 10, it will be assumed you “agree” with the process.
Thank you for your assistance in this matter. Have a great summer!