BUDGET CYCLES
THE STATE OF MICHIGAN COMPARED WITH FHPS
The State of Michigan has a fiscal year that runs from October 1 to September 30.
Forest Hills Public Schools, along with all public schools in Michigan, has a fiscal year that begins July 1 and ends June 30.
The disparity in these two fiscal years impacts school budgets and planning.
MONTH
STATE
FHPS
JANUARY
First Consensus Revenue Estimating Conference and Governor delivers State of the State address.
Analyze current year revenues & expenses for a budget amendment.
FEBRUARY
Governor releases proposed budget for the next fiscal year. From February through April, House/Senate appropriations subcommittees meet to craft their own version of the budget.
Amend current year budget. Continue analyzing current year revenues & expenses for a budget amendment. Student count day (impacts next fiscal year).
MARCH
House/Senate subcommittees develop budget proposals.
Begin looking at impact of Governor's proposed budget; prepare for negotiations, if needed; medical insurance hard cap rate for next calendar year released.
APRIL
House/Senate subcommittees develop budget proposals.
Review impact of House/Senate proposed budgets; develop staffing projections for next fiscal year; develop multiple budget scenarios.
MAY
House/Senate subcommittees develop budget proposals. Second Consensus Revenue Estimating Conference.
Monitor activity (prof. assoc., fiscal agencies, etc.) about next fiscal year's proposed budget; project nonsalary cost increases for next fiscal year.
JUNE
Conference committee. Governor & Legislature negotiate budget targets and develop budget proposal; House and Senate vote on conference committee budget (up or down vote, no changes allowed).
Public hearing regarding budget and tax levies. FHPS Board adopts next fiscal year budget by June 30, regardless if the State budget is approved. Board certifies tax levy rates and amends current year budget. End of FHPS’ fiscal year, June 30.
JULY
Conference committee. Governor & Legislature negotiate budget targets and develop budget proposal; House and Senate vote on conference committee budget (up or down vote, no changes allowed).
Start of FHPS' fiscal year, July 1.
AUGUST
Conference committee. Governor & Legislature negotiate budget targets and develop budget proposal; House and Senate vote on conference committee budget (up or down vote, no changes allowed).
Review differences, if any, between State's approved budget and FHPS adopted budget.
SEPTEMBER
Conference committee continues and House and Senate vote on committee’s budget. Governor signs appropriations bills and issues any line item vetoes by September 30. End of State’s fiscal year, Sept. 30.
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OCTOBER
Start of State’s fiscal year, Oct. 1.
Student count day (impacts current fiscal year).
NOVEMBER
Budget supplemental (additional allocation of funds) if needed/available.
Begin analyzing staffing costs for the current fiscal year (salaries & benefits).
DECEMBER
Budget supplemental (additional allocation of funds) if needed/available.
Begin analyzing non-salary expenses for current year budget amendment. Contact third parties to assist with student enrollment projections for next fiscal year.