DA - Multi-Year Budgeting and Fiscal Management Goals
Book: D
Section: Fiscal Management
Title: Multi-Year Budgeting and Fiscal Management Goals
Code: DA
Status: Active
Adopted: February 6, 1984
Last Revised: February 26, 2015
MULTI-YEAR BUDGETING AND FISCAL MANAGEMENT GOALS
The School Board adopted a multi-year budgeting framework by Resolution on July 8, 2009. The Board believes that the traditional single-year school budgeting process does not provide adequate opportunity for the Portland Public Schools (“Schools”) to anticipate and respond to changes in local, state and federal financial conditions and priorities, including fluctuations in state aid, property and tax reassessments, reapportionments, unfunded state and federal mandates, delayed state budget projections and other factors beyond the control of local school boards.
The goals of the multi-year budgeting framework are to enable the Schools to engage in sound long-range financial, academic and strategic planning; to improve accountability to the public for the use and allocation of scarce financial resources; and to support the Schools’ Comprehensive Plan as adopted by the Board. This process is intended to improve financial stability, and to provide the information necessary to improve programs and services.
The multi-year budget submitted by the Superintendent to the Board shall encompass the budget year at the time of submission and the next four budget years. The Board shall incorporate the multi-year budget into its comprehensive planning.
Legal Reference: Portland City Charter, Article III (7/1/2011)
Cross Reference: DBC – School Budget Adoption
DIC – Budget Oversight and Administration
DI – Fiscal Accounting and Reporting
Portland School Board Resolution Establishing a Multi-Year Budgeting Framework for the Portland Public Schools (7/8/2009)
Adopted: February 6, 1984
Revised: August 26, 1992; November 9, 2011, February 26, 2015
Legal
Portland City Charter, Article III (7/1/2011)
Cross References
DI – Fiscal Accounting and Reporting
DIC – Budget Oversight and Administration
DBC – School Budget Adoption
DA - Multi-Year Budgeting and Fiscal Management Goals.pdf (15 KB)