Spreadsheet: c372400a-a942-460f-a9d3-7e8379a5f406
Sheet: Sheet1

CORRECTIVE ACTION PLAN | Unnamed: 1 | Unnamed: 2 | Unnamed: 3 | Unnamed: 4 | Unnamed: 5 | Unnamed: 6 | Unnamed: 7 | Unnamed: 8 | Unnamed: 9 | Unnamed: 10 | Unnamed: 11
FOR
(Insert District Name)
(To be used for each initial year of negative unspent balance)
1 | SUBMIT:  Please include a single, one-page cover letter covering all the MAG requests including:
 | [NAME] reasons, summarized, for the request/s.
 | [NAME] dollar amount requested.
 | c.  Identification of the name and title of the individuals who will represent the district at the hearing.
 | d.  Identification of an emergency contact person with telephone number, FAX number, and e-mail address.
2 | SUBMIT:  In a one- to two-page document please discuss the district's analysis of
 | its financial situation and the steps that will be taken to avoid exceeding its budget authority again.
 | Include description of fiscal monitoring procedures adopted, as well as steps that will
 | increase General Fund revenues or decrease General Fund expenditures.
3 | a.  What is the current year's maximum authority (Line 32, Unspent Authorized Budget Report)? |  |  |  |  |  |  |  |  |  | [NAME]
 | [NAME]What is the amount of unspent authority the district desires to have at the end of the year? |  |  |  |  |  |  |  | - |  | End
 | [NAME]This is the maximum amount of expenditures for the current fiscal year and should be equal to |  |  |  |  |  |  |  | = | 0 | CFY Exp
 | or greater than the district's line item budget total for the current fiscal year. |  |  |  |  |  | [a - b = c]
4 | SUBMIT:  Does the district use monthly board reports that reflect financial position in relation |  |  |  |  |  |  |  |  | Yes
 | to published budget control lines and spending authority in addition to a revenue and expenditure |  |  |  |  |  |  |  |  | No
 | report from the line item budget?
 | (Reference:  Financial Reports --- DE website, School Business and Finance,
 |  | Financial Management, School Finance Tools)
5 | SUBMIT:  When was the last five-year projection for unspent balance performed? |  |  |  |  |  |  |  | Date
 | Please include with the corrective action plan a copy showing at least two years' positive balance.
 | Do not include requested/anticipated modified allowable growth that has not yet been granted.
 | (Reference:  Unspent Balance Projection Calculator -- DE website, School Business and Finance,
 |  | Financial Management, School Finance Tools)
6 | [NAME] item budget total (all expenditures for the entire year)
 | [NAME] 17.9 of the Aid & Levy Worksheet for the current fiscal year
 | The line item total should be less than line 17.9 of the Aid & Levy.  ["a" should be less than "b"]
 | Reduce "a" until "a" is less than "b", and 6a is less than 3c above.
7 | In what sharing is the district participating?
 | If sharing, does the district enrollment plus the shared district's enrollment total more than 300 students? |  |  |  |  |  |  |  |  | Yes
 |  |  |  |  |  |  |  |  |  | No
 | If "No," has the district begun discussions with a neighboring district which, when the enrollments |  |  |  |  |  |  |  |  | Yes
 | are combined, total more than 300 students? |  |  |  |  |  |  |  |  | No
 | If "No," has the district begun discussion concerning dissolution? |  |  |  |  |  |  |  |  | Yes
 |  |  |  |  |  |  |  |  |  | No
8 | Please list the positions/costs being reduced to bring the district to financial health:
 | If more space is needed, please insert additional lines.
 | DO NOT INCLUDE SPECIAL EDUCATION
a. | Current Fiscal Year | Position Being Cut | Amount of Savings |  | First Year Beyond Current Fiscal Year | Position Being Cut | Amount of Savings |  | Second Year Beyond Current Fiscal Year | Position Being Cut | Amount of Savings
 |  | Subtotal | 0 |  |  | Subtotal | 0 |  |  | Subtotal | 0
b. | Current Fiscal Year | Expenditures Other Than Salaries and Benefits Being Cut | Amount of Savings |  | First Year Beyond Current Fiscal Year | Expenditures Other Than Salaries and Benefits Being Cut | Amount of Savings |  | Second Year Beyond Current Fiscal Year | Expenditures Other Than Salaries and Benefits Being Cut | Amount of Savings
 |  | Subtotal | 0 |  |  | Subtotal | 0 |  |  | Subtotal | 0
c. | Anticipated increse in expenditures
d. | Net savings [a + b - c] |  | 0 |  |  |  | 0 |  |  |  | 0
 | DO NOT INCLUDE CASH RESERVE LEVY
 | BE SURE TO INCLUDE INCREASED EXPENDITURES IN "C" FOR ANY INCREASE IN CATEGORICAL REVENUES IN "E."
e. | Current Fiscal Year | Type of Revenue Increase | Amount of Increase |  | First Year Beyond Current Fiscal Year | Type of Revenue Increase | Amount of Increase |  | Second Year Beyond Current Fiscal Year | Type of Revenue Increase | Amount of Increase
 |  | Subtotal | 0 |  |  | Subtotal | 0 |  |  | Subtotal | 0
f. | Total Savings/Increases Current Fiscal Year: |  | 0 |  | Total Savings/Increases  1st Yr Beyond Current Fiscal Year: |  | 0 |  | Total Savings/Increases 2nd Yr Beyond Current Fiscal Year: |  | 0
9 | Below please place the expenditure number for each of the corresponding years, as found on the Unspent Balance Projection Calculator created
 | in item 5f above (goes to row 82 on the projection worksheet).
 | Current Year Expenditures |  |  |  | 1st Year Beyond Current |  |  |  | 2nd Year Beyond Current
 | CALCULATION: |  |  |  | Current year maximum authority
 |  |  |  |  | - Previous year maximum authority
 |  |  |  |  |  | 0
 |  |  |  |  | + Previous year expenditures
 |  |  |  |  | -8d net savings
 |  |  |  |  | Should = Maximum current year expenditures allowed, 3c | 0
 |  | If not, continue to add expenditure reductions in 8a and 8b until it does.
10 | The district's Board of Education approved this corrective action plan on: |  |  |  |  |  |  |  | Date
11 | If the board has authorized a request for modified allowable growth for the negative |  |  |  |  |  |  |  | Date
 | unspent balance, enter the date and amount: |  |  |  |  |  |  |  | Amount