Budget Presentation: FY2018-19 Tentative Budget Overview
The FY2018-19 Tentative Budget was presented by Mark Mathers, CFO, and Mike Schroeder, Budget Director. The presentation covered updates on the General Fund, structural deficits, budget recommendations, and required actions to address the deficit. Base budget reductions have reduced the deficit to $9.2 million, but further actions are needed to comply with the Board Policy for a structurally balanced budget by FY21. Various action items were discussed, including budget reductions, additions, and the use of fund balance. Departments proposed reductions based on strategic alignment, impact on direct instruction, risk assessment, fiscal impact, and program results.
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2018-19 Tentative Budget Presented by: Mark Mathers, Chief Financial Officer Mike Schroeder, Budget Director April 10, 2018
Agenda for Tentative Budget 1. General Fund Update on General Fund Structural Deficit (adjusted for certain base budget changes and other changes) Action on Budget Recommendations Review of General Fund Sources and Applications 2. Other District Funds 2
Action Items Needed Today for General Fund 1 Take action on Recommended Reductions Approve, approve as modified or not accept 2 (Internal Auditor) Take action on the one item with No Recommendation 3 Take action on Budget Additions Approve, approve as modified or not accept 4 Confirm use of fund balance to cover deficit, or direct staff to seek additional reductions 3
General Fund Deficit and Budget Recommendations 4
Structural Deficit FY19 General Fund (in Millions) FY18 Structural Deficit Carryforward Revenue Increases Employee Salary Increments & Health Ins Salary & Benefit Basis Adj Other Operating Increases Special Education Transfer Structural Deficit Before Rebase/Contras ($16.6) $3.3 ($10.0) $4.9 ($1.8) $1.8 $ (18.4) 5
Required Action Base budget reductions have reduced the deficit to $9.2 million. At that amount, without additional action by the Board, the District will: Fail to comply with the new Board Policy to have a structurally balanced budget by FY21 Deplete almost all of our fund balance by FY21. 6
Action Item #1 Budget Reductions Budget reductions were proposed by departments and represent management s professional judgment on how to achieve savings with the least impact. Reductions were then scored by Financial Review Committee with Leadership Team overview based on assessment of the degree of impact in relation to following criteria: Alignment with District s strategic plan Degree of impact to direct instruction Risk assessment Fiscal impact Availability of alternative delivery service Perceived results of program 7
Where & How Do We Reduce Costs? Direct Instruction Strategies Regular Instruction Special Programs Vocational Programs Other Programs Co-curricular Programs Transfers & Contingency Subtotal 220,825,631 5,326,974 5,764,765 13,747,078 4,383,049 48,331,835 298,379,332 (1) Shift costs to other funds (2) Use Different Service Delivery Model 61.9% (1) Shift costs to other funds School Support Student Support School Administration Instructional Staff Support Subtotal 33,149,139 35,657,071 16,370,820 85,177,030 (2) Use Different Service Delivery Model 17.7% Operations and Maintenance Includes police function. Further cuts to Operations start to be unsustainable. Walk zone extension is proposed. Operation and Maintenance Student Transportation Subtotal 49,712,473 16,664,448 66,376,921 13.8% Central Services General Administration Central Support Total - Support/Central Services 6,625,329 25,228,975 31,854,304 Automation + Service Level Cuts 6.6% Grand Total 481,787,587 100.0% 8 rev.
Addressing the Budget Deficit Budget Reductions Do NOT Equate to Service Level Reductions Grant Funds Reallocation of Staff to Proper Fund Shifts to Other Funds Use of Different Service Delivery Model Process Improvements / Work-Around s Review of Other Agencies Approaches Reductions Through Greater Use of Automation New job application software (Applitracks) may allow reduction of HR and Position Control staff in FY 2020 Central services reductions Increases to walk zones Professional development & training Tolerable Reductions to Service Levels 9
Major Budget Recommendations Total of $4.2 million of reductions identified, in addition to $9.2 million in base budget reductions and contra accounts Deletion of Positions 6.05 positions shifted from General Fund to other funds 30.12 positions beginning in FY19 2.00 positions identified for FY20 Reduce District travel budgets by 50% Increase ES and MS walk zones by mile reduction of 8-10 drivers Further reductions of operating budgets 10
Transition Plan for Deleted Positions The preliminary budget identifies positions that are proposed to be eliminated by Fiscal Year 2020-21. Some of these flagged positions are currently occupied by an employee(s). For incumbents in these positions, below is a summary of the process that is recommended to the Board: Professional-Technical and Educational Support Professional Positions For Pro-Tech and ESP employees in one of these flagged positions, if that position or a comparable positon becomes vacant prior to FY 2020-21, the position would be eliminated and negotiated agreements would be followed. Human Resources and Labor Relations will assist employees to find other positions. If there are no vacancies in a flagged position by FY2020-21, there would be a reduction in force in FY2020-21 following the negotiated agreements. 11
Transition Plan for Deleted Positions Certified Positions Certified staff in one of these flagged positions would go through the regular transfer and overage process for open positions as outlined in the negotiated agreement. Historically, the high turnover rates of certified positions for the District has allowed teachers to fill positions that have been vacated because of retirements and separations. 12
Changes to Feb. 28 Recommendations Base Budget Adjustments Upon further review, base budget adjustments in certain areas are not available and have been reversed (ROTC, Family School Partnerships, MTSS, Parent U., etc.) In reviewing trends for energy prices, we reduced our base budget adjustment for fuel costs (gas) down from a reduction of $400,000 to only $50,000 Recommendations for Budget Reductions Removed proposal to reduce 4.5 FTE counselor positions (although this proposal would have maintained at least one counselor per ES) 2% additional cuts to Board/Superintendent Budget Additions Added Fingerprint Technician position Modified bond personnel cost 13
Updates to Revenue Projections Property Taxes (District keeps 2/3 of 75-cent operating rate) State s Pro Forma Projection is higher than our projection in February Results in $697,211 in greater revenues for FY19 Government Services Tax For FY18, currently tracking at 10+ % year-over-year growth This increases the base for FY19, but we still assume +5% growth. Adds $614,568 to revenue projection 14
Summary of Budget Recommendations by Office 15
Reductions by Functional Area Base Budget Base Budget Cuts Other Reductions Total Cuts Direct Instruction Amount (1,020,205) (202,909) FTE (5.00) - (10.00) - - Amount (373,382) (682,764) (10,000) (103,800) Amount (1,020,205) (398,382) (885,673) (103,800) Regular Instruction Special Programs Vocational Programs Other Programs Co-curricular Programs Transfers & Contingency 220,825,631 5,326,974 5,764,765 13,747,078 4,383,049 48,331,835 - - (25,000) - - - (10,000) (20,000) - Subtotal 298,379,332 61.9% (1,258,114) (15.00) (1,169,946) (2,428,060) School Support Amount (396,000) (200,000) (234,703) FTE (1.82) (1.00) (11.70) Amount (138,472) (69,534) (1,099,962) Amount (534,472) (269,534) (1,334,665) Student Support School Administration Instructional Staff Support 33,149,139 35,657,071 16,370,820 Subtotal 85,177,030 17.7% (830,703) (14.52) (1,307,968) (2,138,671) Operations and Maintenance Amount (1,779,055) FTE (1.00) (8.00) Amount (118,558) (550,000) Amount (1,897,613) (600,000) Operation and Maintenance 49,712,473 (50,000) Student Transportation Subtotal 16,664,448 66,376,921 Figures shown do not include contra adjustments for salary savings. 13.8% (1,829,055) (9.00) (668,558) (2,497,613) Central Services Amount (268,125) (970,000) FTE (3.00) (4.35) Amount (435,785) (673,058) Amount (703,910) (1,643,058) General Administration Central Support 6,625,329 25,228,975 Total - Support/Central Services 31,854,304 6.6% (1,238,125) (7.35) (1,108,843) (2,346,968) Grand Total 481,787,587 100.0% (5,155,997) (45.87) (4,255,315) (9,411,312) 16 rev.
Recommendations by Functional Area Percent of Budget Reduction by Area 8.0% 7.4% 7.0% 6.0% 5.0% 3.8% 4.0% 2.5% 3.0% 2.0% 0.8% 1.0% 0.0% Direct Instruction School Support Operations and Maintenance Central Services Overall, Central Services/Administration is proposed to be cut 7.4%, the largest cut for any area. 16.2
Proposed Reductions in Instruction EL Program Total of 136.5 EL teachers in FY18 budget Benchmarking results to CCSD $1,237 per student vs. $223 per student New Service Delivery Model Site Facilitators + training of general ed teachers Ultimately shift from strict staffing ratio model to needs based Staffing may increase based on actual EL enrollments in 2018-19 16.3
Proposed Reductions in Instruction GT Program Total of 52 GT teachers Reduction of 2 FTE equates to a 4% reduction 1 FTE is a GT coordinator 1 FTE based on reduced enrollment in SWAS Depending on GT enrollment and based on adjusted State staffing guidelines, total GT staffing may increase or be flat in 2018-19. 16.4
Structural Budget Deficit FY19 (in millions) General Fund Revenue $ 463.4 M Expenditures (before rebase/contras) ($481.8)M Structural Budget Deficit (before rebase/contras) ($ 18.4 M) Budget Rebase and Use of Contras $ 9.2 M Structural Budget Deficit before Reductions ($ 9.2)M Recommended Reductions Deficit (before Additions) $ 4.2 M ($ 5.0)M 17
General Fund Budget with Recommendations Adj. Final FY18 Tentative FY19 General Fund Budget with Recommendations Local Sources State Sources Federal Sources Total Change Beginning Fund Balance - General Fund 43.3 31.1 (12.2) Sources: 320.8 138.4 0.8 460.0 339.0 123.8 0.5 463.3 18.2 (14.6) (0.3) 3.3 Uses: Expenditures Transfers/Other Uses Total 434.0 48.8 482.8 421.0 47.3 468.3 (13.0) (1.5) (14.5) Total Preliminary Deficit (22.8) (5.0) 17.8 Ending Fund Balance - General Fund 20.5 26.1 5.6 Ending Fund Balance as % of Total Uses 4.2% 5.6% 1.3% 18
Future Years Additional reductions will be necessary in FY20 and FY21 to reach a structurally balanced budget by FY21. Without these additional reductions, we will draw down our fund balance to below $9 million. 19
Addressing the Budget Deficit In order to meet the Board s target of a structurally balanced budget by FY21, future reductions will be necessary. 20
Future Structural Deficits 45.0 40.0 35.0 30.0 25.0 40.5 20.0 Shortfall of State funding for base budget 15.0 Ongoing Structural 10.0 5.0 2.5 5.0 5.2 5.1 5.0 - FY18 FY19 FY20 FY21 21
Action Item #2 Take action on the one item with No Recommendation (Internal Auditor) 22
Action Item #2 Internal Audit Position The Internal Audit Function reports directly to the Board. An internal auditor position is currently vacant and a decision to keep or eliminate the position is necessary as part of the budget process. The position is utilized to perform risk based audits to ensure cost efficiency and effective management for District operations and student activities by offering solution based recommendations. Through 2015 the department has made recommendations to save the District $3 million. Internal auditor positions were reduced from 4 to 3 positions in FY18. 23
Action Item #3 Take action on Budget Additions Approve, approve as modified or not accept 24
Additional Budget Requests Action Item #3 25
Action Item #4 Confirm use of fund balance to cover deficit, or direct staff to pursue additional reductions 26
General Fund Summary Information (Does not include budget reductions other than Base Budget changes) 27
FY 18-19 General Fund Revenues ($463.4 Million) Local School Support (Sales) Tax, $204,138,121 , 44.05% Ad Valorem (Property) Tax, $110,388,289 , 23.82% State Distributive School Account (DSA), $117,209,959 , 25.29% State Special Appropriation, $6,609,762 , 1.43% Government Services Tax (Vehicle Registration), $18,701,868 , 4.04% Other Local Sources, $5,801,000 , 1.25% Other Revenue, $570,000 , 0.12% 28
FY 18-19 DSA Per Pupil Funding ($5,737) Per Pupil Funding $ 3,270 1,884 5,737 $ 1,419 7,260 $ Local School Support (Sales) Tax, $204,138,121 , 44.05% Source 1/3 Ad Valorem L.S.S.T. D.S.A. Total DSA Per Pupil Special Appropriation Other 583 104 Other Revenue, $99,033,022 , 21.37% 1/3 Ad Valorem (Property) Tax, $36,428,135 , 7.86% Total per Pupil State Distributive School Account (DSA), $117,209,959 , 25.29% Special Appropriation, $6,609,762 , 1.43% 29
Enrollment History Ten Year History and 2019 Preliminary Projection 66,000 65,000 63,919 63,914 63,834 63,670 64,000 63,287 63,108 62,986 63,000 62,455 62,424 62,324 62,220 62,000 61,000 60,000 59,000 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 30
FY 18-19 General Fund Expenditures ($472.6 Million) Transfers & Contingency, 47,331,835 , 10.01% Regular Instruction, 216,805,425 , 45.87% Student Transportation, 16,614,448 , 3.52% Operation and Maintenance, 47,933,418 , 10.14% Special Programs, 5,301,974 , 1.12% Central Support , 24,258,975 , 5.13% School Administration, 35,457,071 , 7.50% Vocational Programs, 5,764,765 , 1.22% Other Programs, 13,544,169 , 2.87% General Administration, 6,357,204 , 1.35% Instructional Staff Support, 16,136,117 , 3.41% Co-curricular Programs, 4,373,049 , 0.93% Student Support, 32,753,139 , 6.93% 31
General Fund Expenditures The preceding slide reflects that 71.29% of our expenditures are going to schools in the following categories: Regular, Special, Vocational, Other and Co-Curricular Instruction Student Support and Instructional Staff Support $42.3M of the $46.5M Transfers goes to Special Education. Student Transportation 3.52% is for buses, fuel and bus drivers/staff for students. Operations and Maintenance 10.14% is for Utilities, Custodians, School Police for primarily our schools. School Administration 7.50% is for Principals, Assistant Principals and staff in the schools. Each school requires leadership and support staff for teachers & parents. Central Support 5.13% is for Fiscal, HR, IT, Purchasing, Printing, Risk Management, Accountability, Internal Audit, Mail Services to again support the schools General Administration represents 1.35% of the budget for the Board, Superintendent, Deputy Supt, Area Supts, Chief of Staff, Legal, Ombudsman and Community Relations. 32
FY 18-19 General Fund Expenditures by Type ($472.6 Million) Instructional Materials $13,070,976 2.77% Salaries & Benefits $426,536,643 90.25% Repairs & Maintenance $3,058,371 0.65% Utilities $11,470,045 2.43% Transportation $5,953,137 1.26% Licenses & Assessments $6,216,857 1.32% Insurance/Postage $2,268,062 0.48% Dep't Mat'l/Other $4,057,498 0.86% 33
General Fund FTE Data Non- Licensed Licensed Total Licensed: Teachers (Regular, GATE, Vocational, ELL, Music, ROTC, Deans) Non-Licensed: Teacher Assistants, Aides and Education Support Professionals Licensed: Counselors, Nurses, Psychologists, Administrators, Coordinators Non-Licensed: Clinical Aides, Attendance, Education Support Professionals Curriculum & Instruction, Professional Learning, Library, Assessment Departments Licensed: Instructional Coaches/Mentors, Program Coordinators, Librarians, Administrators Board Members, Legal Counsel, Investigators, Superintendent, Deputy Supt, Area Supts, Chief of Staff, Ombudsman, Community/Family Services, Govt Affairs Licensed: Principals, Assistant Principals Non-Licensed: Secretaries, Bookkeepers, Registrars Fiscal Services, Grant Services, Purchasing, Printing, Planning & Evaluation, Communications, Human Resources, Information Technology, Risk Management Custodians, Maintenance, Groundskeepers, Equipment Maintenance, Carpenters, Painters, Plumbers, Facilities Management, School Police, Education Support Professionals, Professional-Technical Staff Bus Drivers, Fleet Maintenance, Dispatch, Instructors, Management Instructional 2,665 63 2,728 Student Support 271 111 382 Instructional Staff Support 93 124 217 General Administration 8 38 46 School Administration 162 237 399 Central Services 4 189 193 Operations Transportation General Fund Totals - - 519 263 519 263 3,203 1,544 4,747 34
General Fund FY18-19 FTEs Operations, 519 , 11% Transportation, 263 6% Central Services, 193 , 4% School Administration, 400 , 8% General Administration, 46 , 1% Instructional, 2,728 , 57% Instructional Staff Support, 217 , 5% Student Support, 382 , 8% 35
General and Other Funds FTE Data Non- Licensed Licensed Total General Fund 3,203 1,544 4,747 Capital Projects - 47 47 Special Education 702 239 941 Class Size Reduction 229 - 229 Special Revenue Funds 215 618 833 Internal Service Funds Enterprise Funds - - 12 247 2,707 12 247 7,056 FTE Totals 4,349 36
Other Funds 37
Building & Sites Fund FY18 Final FY19 Tentative Sources Local Transfers In Sale of Bonds Opening Fund Balance $ 240,000 340,000 $ 100,000 $ 100,000 200,000 $ 100,000 - - - - Total Sources Applications Architecture/Engineering Services Site Improvements Building Improvements Ending Fund Balance Total Applications $ $ 33,000 41,000 166,000 100,000 340,000 $ $ 25,000 25,000 50,000 100,000 200,000 38
Capital Projects (Bond) Funds FY18 Final FY19 Tentative Sources Local Transfers In Sale of Bonds Opening Fund Balance 3,740,000 $ 36,718,952 40,458,952 $ 50,477,619 $ 35,228,817 85,706,436 $ - - - - Total Sources Applications Central Services Operations and Maintenance Land Acquisitions Architecture/Engineering Services Building Acquisition/Construction Site Improvements Building Improvements Transfer to Debt Service Ending Fund Balance Total Applications 3,504,891 $ 1,810,000 4,950,166 1,599,688 15,655,408 12,938,799 40,458,952 $ 3,202,000 $ 181,000 4,846,653 12,900,000 3,082,000 39,083,834 2,000,000 20,410,949 85,706,436 $ - - - - 39
Special Education Fund FY18 Final FY19 Tentative Sources State Transfers In 27,177,533 $ 43,643,620 70,821,153 $ 30,450,397 $ 42,256,947 72,707,344 $ Total Sources Applications Instruction Student Suppport Services Instruction Support Services General Administration School Administration Central Services Operation and Maintenance Student Transportation 45,717,368 $ 13,410,036 2,113,516 555,148 486,722 104,291 71,845 8,362,227 70,821,153 $ 47,236,079 $ 13,587,795 2,170,986 616,391 596,247 110,585 69,390 8,319,871 72,707,344 $ Total Applications 40
Class Size Reduction Fund FY18 Final FY19 Tentative Sources State Other Transfers In 18,549,140 $ 18,549,140 $ 18,449,140 $ 18,449,140 $ - - - - Total Sources Applications Instruction Transfers to Other Funds 18,549,140 $ 18,549,140 $ 18,449,140 $ 18,449,140 $ - - Total Applications 41
Special Revenue Funds (Grants) FY18 Final FY19 Tentative Sources Local State Federal Transfers In Opening Fund Balance 5,231,474 $ 35,290,050 47,199,141 2,428,286 90,148,951 $ 4,146,953 $ 27,460,000 42,700,000 2,770,103 77,077,056 $ - - Total Sources Applications Other Instructional Programs Special Programs Vocational Programs Adult Education Programs Community Service Programs Instructional Programs Student Suppport Services Instruction Support Services General Administration Central Services Operation and Maintenance Other Support Ending Fund Balance Total Applications 64,533,989 $ 16,666,877 3,079,484 1,375,000 668,859 530,906 611,693 746,040 314,402 1,558,720 90,148,951 $ 51,455,981 $ 16,484,122 2,907,529 1,375,000 768,363 553,352 589,446 567,620 564,756 1,713,436 77,077,056 $ 38,170 63,316 24,811 34,039 - 96 42
Debt Service Fund FY18 Final FY19 Tentative Sources Local Transfers In Bond Proceeds Other Opening Fund Balance 90,211,257 $ 2,708,358 1,789,977 31,757,598 126,467,190 $ 56,867,594 $ 4,600,904 1,688,018 39,363,399 102,519,915 $ - - Total Sources Applications Principal Interest Building Improvements Other Ending Fund Balance 32,201,287 $ 22,216,290 30,000,000 5,586,000 36,463,613 126,467,190 $ 34,441,874 $ 31,516,689 1,100,000 35,461,352 102,519,915 $ - Total Applications 43
Internal Service Funds FY19 Tent Property Insurance FY19 Tent Health Insurance FY19 Tent Workers' Comp Insurance FY19 Tent Combined Insurance FY18 Combined Insurance Revenues Premiums Collected Transfers In Other 2,609,362 $ 153,802 2,763,164 $ 72,290,220 $ 6,640,019 4,659,733 83,589,972 $ $ 2,193,895 $ 2,184,895 77,084,477 $ 6,640,019 4,822,535 88,547,031 $ 76,433,018 $ 6,640,019 7,204,327 90,277,364 $ - - 9,000 Total Revenues Expenses Salaries and Benefits Employee Benefits Claims and Services Depreciation $ 3,961,555 3,961,555 $ (1,198,391) 2,665,532 1,467,141 $ - - 495,757 83,525,546 84,021,303 $ (431,331) 15,016,072 14,584,741 $ $ $ 3,029,918 $ (836,023) 2,311,025 1,475,002 $ 317,297 2,712,621 $ 813,054 86,238,167 3,961,555 91,012,776 $ (2,465,745) 19,992,629 17,526,884 $ $ 813,054 89,194,612 642,912 90,650,578 $ (373,214) 14,318,520 13,945,306 $ - - - - - - - Total Expenses Net Income (Loss) Opening Net Position Closing Net Position 44
Enterprise (Nutrition Services) Fund FY18 Final FY19 Tentative Revenues Local Charges for Services Federal Subsides Commodities Other 5,891,601 $ 18,268,626 1,527,862 76,735 25,764,824 $ 5,891,601 $ 18,268,626 1,527,862 76,735 25,764,824 $ Total Revenues Expenses Food and Supplies Salaries and Benefits Purchased Services Depreciation Other 12,318,958 $ 10,897,941 1,504,862 290,355 482,381 25,494,497 $ 270,327 (1,885,670) (1,615,343) $ 12,318,958 $ 10,897,941 1,504,862 290,355 482,381 25,494,497 $ 270,327 (1,615,343) (1,345,016) $ Total Expenses Net Income (Loss) Opening Net Position Closing Net Position 45
All District Funds Summary Special Revenue Fund Debt Service Fund Capital Projects Fund General Fund Enterprise Fund Total All Funds Revenues: Local Sources State Sources Federal Sources Other Sources Total Revenues 339,029,278 123,819,721 490,000 80,000 463,418,999 4,146,953 76,359,537 42,700,000 123,206,490 56,867,594 1,688,018 58,555,612 50,577,619 50,577,619 5,891,601 19,873,223 25,764,824 456,513,045 200,179,258 63,063,223 1,768,018 721,523,544 - - - - - - - - Expenditures: Salaries Benefits Purchased Services Supplies Property Other Budget Deficit Total Expenditures 272,910,510 111,371,517 18,935,412 20,977,852 783,190 321,273 (9,212,590) 416,087,164 100,033,927 40,385,850 12,855,199 10,816,117 164,932 2,264,079 166,520,104 67,058,563 67,058,563 - - - - - 3,139,364 1,739,344 43,118,584 11,249,695 3,577,000 571,500 63,395,487 7,911,669 2,986,272 1,504,862 12,318,958 290,355 482,381 25,494,497 383,995,470 156,482,983 76,414,057 55,362,622 4,815,477 70,697,796 (9,212,590) 738,555,815 - - - - Excess of Revenues over Expenditures 47,331,835 (43,313,614) (8,502,951) (12,817,868) 270,327 (17,032,271) Other Sources (Uses): Other Sources/Transfers In Other Outlays/Transfers Out Total Other Sources (Uses) (47,331,835) (47,331,835) - 42,256,947 42,256,947 4,600,904 4,600,904 (2,000,000) (2,000,000) - - - - 46,857,851 (49,331,835) (2,473,984) - - - (1,056,667) (3,902,047) (14,817,868) 270,327 (19,506,255) Net Change in Fund Balance Fund Balance, July 1 Fund Balance, June 30 31,100,000 31,100,000 2,770,103 1,713,436 39,363,399 35,461,352 35,328,817 20,510,949 (1,615,343) (1,345,016) 106,946,976 87,440,721 46
FY18-19 Budget Timeline February-March April May June Board Budget Work Sessions April 10 - Last Opportunity for Board Approval of Tentative Budget (due April 15) Public Hearing on Tentative Budget (May 22) Last Opportunity for Board Approval of Final Budget (May 22) Final Budget Due by June 8 M a r c h t h r u J u n e , 2 0 1 8 Continued Budget Review, Alignment with Priorities and Initiatives, Ongoing Review and Prioritization of Budget Offsets Department of Taxation Pro Forma Ad Valorem Projections Public Hearing on Tentative Budget File Tentative and Final Budgets 47
