Parent Organizations>Budget Advisory Committee

• BAC Principles
  
• Communication Plan
  
• Members
• Meetings
  • Schedules
    
  • Meeting Agenda and Minutes

Budget Advisory Committee Goals

Overall Goal of the BAC:  Maintain the confidence of the Board and community in the strength and credibility of the District’s financial plans and processes by providing an independent third-party view through the following activities:

1. Core Budgeting Activities
   • Review Adopted Budget
   • Review Monthly Interims
   • Review Annual Audit and Audit Findings
   • Assist with budgeting activities and give advice on increases and decreases in specific expenditures
   • Assist with the preparation of annual parcel tax report card
2. Tactical Budget Issues – examples from 2003-04:
   • STRS funding
   • COPS refinancing
   • Basic Aid Study and transition strategy
   • Reserve Study
3. New Initiatives
   • Assist with proposed initiatives from the Board, BAC, School Sites, etc.
   • Examples: studies and/or advises on copiers, technology, energy, etc.
   • School Site Plan analysis
4. Contract and Policy Review
   • Observation only in certain instances (respecting the non-public negotiation of certain contracts).
   • Give advice on other commitments.
   • Review maintenance agreements.
   • Review structure of debt instruments
5. Communications
   • Promote greater involvement from school sites in selecting BAC members
   • Foster two way communications between Board and school sites
   • Implement “best practices” strategy to assist school sites in creating and prioritizing new objectives.