EGEA Budget Philosophy. EGUSD School Board February 17, 2009. Objectives:. To explain why we are at impasse To explain where we go from here. Philosophical Differences:. Budgeting should serve educational needs Spend this year’s money on this year’s students
EGEA Budget Philosophy
EGUSD School Board
February 17, 2009
All 12 projections were under the actual amount which came in at almost $18 million
4 projections were for deficit ending balances, while the actual number was almost 18 million.
In November of 2005, the District projected a deficit around $4.5 million, a difference of over $22 million.
The Estimated Actuals in June of 07, the most recent projection compared to the actual, you see a difference of almost $12 million.
2006-2007 was a pivotal year for bargaining. We were in the final year of a 3 year agreement. We had contingency language- if more money came in from the state, which it did, then we could bargain for those additional monies. We were meeting regularly during this year for that purpose. These projections were considerably off, and had a great impact on bargaining.