Suggested items for discussion in respect to the budgeting item on the
agenda for the next meeting:
1. The idea of developing a functional budget to augment the traditional
line-item budget by developing a coherent group of functional
categories; e.g. regular education, special education, remedial
education, bulding overhead, administrative overhead, etc.
2. The idea of budgeting to a constant tax rate and creating a
contingency fund for end of year unexpended funds (rather than returning
the excess as a tax reduction). In this way a disciplined approach
could maintain an agreed tax rate with slow increase or decrease over
time, depending upon the average movement of the revenue base compared
to the expenditure base.