The Rockwood Board of Education is facing difficult decisions regarding district finances and the 2013 district budget. District administration is using a Guiding Change process for collecting data and stakeholder input to design options for the Board’s deliberation. These deliberations will lead to strategic decisions about a sustainable balanced budget for FY13 and beyond in order to maintain the Rockwood Advantage.
In the face of difficult economic times we must take action. During the period from FY08 to budget FY12, the district has experienced cost cuts totaling $22 million and fund balance reductions totaling $17 million. The budget development process will be guided by the overarching question:
“What options allow us to align resources with our Strategic Plan and will position us for development of a sustainable budget for FY13 and beyond in order to maintain the Rockwood Advantage?”
The Guiding Change process will utilize a variety of means to share the current reality with and gather feedback from district stakeholders (Input Team). Ideas will be shared with the Superintendent’s Cabinet (Design Team), which is charged with developing options for the Board of Education (Decision Makers). Throughout the process, communication will flow between the Input and Design teams and to the Board at scheduled meetings.
These options will focus on:
- Revenue replacement
- Cost cuts/containment
- Fund balance protection
Review the Guiding Change FY13 Sustainable Budget Process document.