17-2099 Discussion and possible adoption by the Budget and Finance Committee of actions to revised the 2017-18 District adopted budget, including but not limited to the following: Part 1: Determining Fiscal Solvency Objectives for 17-18: [60 minutes]; Review Revised Budget and determine short and long-term target goals for Board Reserve and Self-Insurance Fund; identify areas that may need increased funding in the 17-18 year including Reserve for Audit and Audit Findings and PEC/ECE/Food Services for 17-18; identify any other factors which may threaten fiscal solvency or could significantly impact budget in 17-18 year. Desired Outcome: Identify target goals for fiscal solvency in 17-18 year to recommend to BOE for consideration at the 10/25 BOE Meeting. · Fiscal team present on current status of budget challenges and identify the key issues (i.e. unfunded project list, Audit findings, possible increases in PEC/Nutrition Services, transportation costs, no reserve, restoring Fund 67 etc.) · Committee to discuss each area in more depth and ask clarifying questions · Committee to set objectives for 17-18 · How much we did we spend on Audit findings in last three years? Part 2: Proposed Strategies to Increase Savings. [60 minutes] o Staff presents reports to gain better understanding of how unrestricted general fund dollars are currently being used within Infrastructure, Supporting Schools, and School; o Staff presents steps that are being taken to address above issues including opportunities for cost savings and expenditure reductions and current thinking on recommendations (if available) o Committee presents recommended areas for further study and analysis for costs savings to consider including Book and Supplies, Professional and Consulting Services, Certificated Supervisors and Administrators, and Classified Supervisors and Administrators (see pages 2-3 in Budget Revision attached document) Desired Outcome: Identify strategies to increase savings in 17-18 year to meet fiscal solvency objectives. Part 3: Determine Timeline and Next Steps for 17-18 Budget Revision [15 minutes] o Committee provides clear direction on next steps, timelines, and expectations for presentation on 10/25 and 11/8 BOE Meeting. o Committee provides guidance or feedback on overall direction of mid-year budget adjustments as needed;