Work Being Done to Create FY 2011-12 and Amend FY 2010-11 Agency Budgets

This fall the Agency will create the 2011-2012 fiscal year budget and amend the 2010-2011 fiscal year budget. The new and amended budgets will be presented at a public hearing in January and sent to the Iowa Department of Education in February.

The budget document is based on line-item budgets completed by the Agency’s budget managers. Information is gathered from a number of sources to complete the line-item budget. Some information is known and some must be estimated based on current conditions and trends. Current salaries and benefits are taken from payroll and used to determine amounts for the amended budget. The same data is used to produce estimates for the new budget using reasonable estimates for package increases.

The line-item budgets will be established by the budget managers beginning in early November through the middle of December. The budget document will be produced before the holiday break in December.

To prepare for the budget process, budget managers should be considering what kinds of unusual or major expenditures they anticipate the remainder of this year and next year. Also budget managers should estimate miscellaneous income reasonable expected during the same period.