Proposed 2018-19 Budget: Investing in Our END: Agency Budget 101
We have heard feedback that employees would like to learn more about the budget process, and all of the different pieces that go into it – from our indirect rates, to COLAs, to “Core” allocations. To start this dialogue, Irina Minasova, Director of Business Services, and I are offering two Info Sessions in the coming weeks for staff to come hear more details, ask questions, and engage in discussion. All staff are welcome. They are on June 13, from 2-3pm and June 19 from 2-3pm in the Renton Office (see the flyer attached to this email for more info!). Please email Krissy Nagasawa if you would like to attend, just so we can plan for space. We hope to see you there. We are planning to schedule similar budget sessions throughout the year but will adjust content based on feedback from these two sessions. Irina is also available to visit other offices and to attend your team meetings for further discussion and information. Please contact Irina to schedule with her.
To learn more in the meantime, you can find our 2018-19 proposed budget and presentation to the Board on MyPSESD.
Below is a bit more information on the “nuts and bolts” of the proposed budget.
PSESD obtains nearly 99% of its funding from competitive grants, contracts, cooperative agreements, indirect charges and fee for service accounts. The state pays for $510,000 in allocations to the ESD (less than 2% of our budget).
For 2018-19, revenues are expected to increase from $84.8 million to $92.3 million. This is a result of three main factors: the federal government increased the Head Start allocation; the state expanded and awarded Early Childhood Education and Assistance Program (ECEAP) slots to PSESD; and, the state increased its apportionment payment to ESDs as result of the new school funding model and change in how costs of content area coordinators are allocated.
In 2018-19, expenditures are expected to increase from $88.6 million to $96 million. Early learning is the largest expenditure increase (also the largest revenue increase) because of the increased number of ECEAP slots we were awarded.
Our proposed 2018-19 budget presents budgeted expenditures over revenues by using revenue received in previous years to deliver future services. The proposed budget also allows us to maintain a reasonable unrestricted fund balance.