Five Year Forecast Presented at May 17 Board of Education Meeting

select the file at the bottom of this page. 
The executive summary states:
The District's construction project of replacing two (2) buildings and opening an additional elementary building were completed in time for the opening of the 2017-2018 school year. Staffing and additional costs for utilities, supplies and materials have been added to the general fund beginning in fiscal year 2018.The District negotiated a new salary schedule for certificated staff in the spring of 2017 which is effective for FY2018 through FY2020. The new salary schedule was implemented to try and attract and retain quality teachers for the District. The District continues to be limited on state funding growth because of the formula cap in place. For FY2018 and FY2019, the District is limited to a 3% increase in funding.Spending is expected to exceed revenue by the end of FY2019. Cash reserves will be used to help offset the deficit spending.
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