Budget Information 2020-2021

Budget Calendar 2020-2021

2020/2021 Preliminary Budget Presented to Finance Committee January 23, 2020

 Preliminary Budget Presentation

 

 February 26, 2020 Finance Committee Meeting         

  Preliminary Budget Update

    Department Preliminary Budget Update

   

  February 26, 2020 Board Meeting

       

April 23, 2020 Finance Committee Meeting

   2020-2021 Revenue Scenarios and Budget Impact (COVID Impact)

  Review 5 Year Assumptions (PFM Modeling)

 
  Review Implications of the Pandemic on 2019-2020 Expenditures and Revenue

  Food Service Finances

  Capital Projects and Impact on Budget

 

  May 14, 2020 Board Meeting  

  2020-2021 PROPOSED FINAL BUDGET SUMMARY  

   COVID Impact on Revenue

   

PROPOSED Final Budget 2020-2021: 5/14/2020

  The proposed FINAL Budget for Fiscal Year 2020-2021 which totals $119,505,241. This 
  amount includes $2,977,041 in Capital Expenditures. The proposed millage rate is 168.83;
  that rate reflects a zero percent millage increase over the 2019-20 millage rate. The
  proposed 2020-2021 expenditures are $4,924,304 more than the 2019-2020 budget for
  an increase of 4.3%.

  **Notice is given that the proposed Final Budget for the General Fund of Quakertown
  Community School District for the 2020-2021 fiscal year in its most recent form is available
  for public inspection on the District Website, and is expected to be presented for adoption
  as a Final Budget at the School Board meeting to be held at 7:00 p.m. on June 11, 2020.
  If an individual is unable to access the proposed final budget on the District website, a
  printed copy may be obtained by contacting Gerrie Ely via email at gely@qcsd.org. The
  budget may be amended before or after the final adoption. Zachary Schoch, COO.” 
   

2020-2021 Proposed Final Budget PDE 2028 -Form Attached

   Proposed Final Budget

   May 28, 2020 Finance Committee Meeting

FINAL Budget 2020-2021 for Vote: Board Meeting 6/11/2020

The 2020-2021 Final Budget for fiscal year 2020-2021  totals $120,072,115. This amount includes $1,200,000 in Budgetary Reserve. The proposed millage rate is 168.83, an increase of 0 mills, or 0%, over the 2019-2020 millage rate of 168.83 mills. The proposed expenditures are $4,691,178 more than the 2019-2020 budget, for an increase of 4.1%.

 

Capital Projects Commitment of Fund Balance: In accordance with the Governmental Accounting Standards Board (GASB) Statement 54 and Board Policy 620 Fund Balance, the Board annually may commit or constrain a portion of fund balance for specified purposes which can include Capital Projects with the amount to be determined following the close of the fiscal year but prior to the final audited financial statements being prepared.

Financial Fact Sheet 2020-21

 

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