The Budget and Financial Analytics division is responsible for preparation of the annual operating budget for Loudoun County Public Schools. The Code of Virginia requires that a school division Superintendent submit to the governing body, with the approval of the School Board, an estimate of the funds needed during the next fiscal year for support of the public schools. In Virginia, School Divisions are fiscally dependent on the local governing body which for Loudoun County Public Schools is the County Board of Supervisors.
Preliminary Fiscal Forecast presented to School Board.
Departments prepare buget request.
Internal Department review meetings held.
Superintendent presents Superintendent's Estimate of Needs to School Board.
Public Hearings held
Schoald Board modies/approves budget
School Board presents proposed budget to County Board of SupervisorsCounty Board of Supervisors appropriates budget for school district
School Board makes necessary adjustments to reconcile their budget with County appropriation
Final adopted budget is loaded into accounting system to become basis for operating the school system