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BUDGET PROCESS 2020-2021

During the January 14, 2020 BOE Meeting. Superintendent Carlin presented the initial DRAFT Admin and Program Budget.
 
 

Budget Vocabulary

A budget deficit occurs when expenses exceed revenue.

How do you solve a deficit?
        1. Increase the amount of money you make
        2. Decrease the amount of money you spend
A budget shortfall is a failure to come up to expectation or need.  The revenue did not meet the need of the expenses. A $700,000 budget shortfall means that the revenues coming in fall $700,000 short of meeting the expenses.

How do you solve a budget shortfall?
        1. Increase the amount of money you make to meet
        2. Decrease the amount of money you spend
Deficit spending is the amount by which spending exceeds revenue over a particular period of time.

How do you avoid deficit spending? Don’t spend more than what you make!
Budget deficits, shortfalls and deficit spending do not mean that money is missing! It simply means there is not enough money to support the spending.
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Schenevus Central School District
159 Main Street, Schenevus, NY 12155
Phone 607 638 5881 | Fax 607 638 5600
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