Budget Building Process
Phase 1: Setting Parameters and Priorities
The first step in the annual budget building process is for the board to discuss and set specific goals for the budget, such as district priorities or parameters within which the administration must remain. This generally occurs in August through October of each year. We encourage community participation in this stage through public comment during regular board meetings.
Beyond working to ensure the district can meet student learning goals, we also consider a variety of other factors, including the reliability of revenue and expenditure projections (which often fluctuate as new information is received further along in the process); the avoidance of fiscal jeopardy both in near future and further out; and the community’s desire or ability to support the budget.
Phase 2: Drafting Budget Documents3>
The central office administration and the school principal are responsible for the actual building of a budget that meets the expectations set by the board. Each draft is presented to the board during board meetings along with a rationale; community members are welcome to attend and speak at these meetings. This cycle continues until the board feels the budget meets its expectations and votes to accept the budget.
Phase 3: Communicating The Budget Before Vote
Once the budget is accepted by the board, it must be communicated to the community so that all citizens are adequately informed come voting time. This generally includes presentations before town meeting and letters to the editor. We are currently discussing ways to increase public input and participation in the budget development process for this current round.
The budget is also published as part of the Wolcott Town Annual Report within the school annual report. View the most recent version.