BOE Special Meeting January 7, 2016, 1:30 p.m.
Complete agenda can be accessed here.
Financial Services Update
–Meeting Adjourned–Commentary on the Budget Cuts from Financial Services Director Andy EvansThe Office of Enterprise Management Services (OMES) declared a revenue shortfall on December 23, 2015. The shortfall is due to the loss of income due to the price of petroleum products and the cascading effect that is occurring in Oklahoma’s revenues. The revenues continue to slump in the area of sales tax, gross production and motor vehicle collections. The net result is that due to the requirement to produce a balanced budget, the revenue shortfall has created a serious gap in available funds for disbursements.The SDE had original request directives to reduce state aid by 3% and the Flex Benefit by 3%. Due to the concern for district finances, the SDE is proposing thisalternate budget scenario.The net total losses as proposed by the SDE to OMES include the following:
Our executive director explains our funders and why they support our mission.
This is an extension of a post I included in a recent members-only Friday News Brief. However, I feel the topic is worth repeating, as the methods you choose for communicating with your staff, board and the public at large are critical to ensuring all interested parties stay informed of important school and district information.
Sometimes that is easier said than done, especially in education. My analogy for this is Chocolate Cake--and why not? Everyone (or 99.2% of the folks I know) likes chocolate cake!
We've got good and bad news in the continuing financial picture for Oklahoma. The overall consensus is that the legislative special session has not been as productive s everyone had hoped.