The fiscal year begins on July 1. That means the deadline for the final budget is June 30, each year. The district must submit regular budget reports to the Yolo County Office of Education showing a realistic three year plan to balance the budget. If lay-offs are required, those employees must get notices on certain dates. If the district does not meet all these requirements, future options are limited or the county may step in to assist in budget decisions.
July 1st | Begin current fiscal year |
---|---|
December 15th | First interim budget report |
January 10th | Governor’s Budget Plan for two fiscal years |
March 15th | Second
Interim
budget report; Preliminary notice of possible lay off |
May 15th | Governor’s
Budget
Revision; Final notice of lay off. |
June 30th | Board adopts budget and Local Control and Accountability Plan for next fiscal year |
July 1st | Begin new fiscal year |