Our 2024-2025 Budget
Budget Overview​
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The Riverview School District is currently initiating the budgeting process for the 2024-2025 academic year. Like many districts statewide, Riverview continues to grapple with financial constraints. Over the past few years, the district has had to make substantial and challenging decisions to reduce expenses and adapt the budget to a shifting financial landscape and evolving student needs.​
We Want To Hear From You!​
Use this QR Code or link to participate in a ThoughtExchange regarding what programs or resources should be prioritized in the upcoming 2024-2025 budget to ensure student success.
The end date to participate in this ThoughtExchange will be Friday April 19, 2024.
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In addition to the ThoughtExchange, we are asking for input with the following feedback surveys.
Parents and Staff in the Community
2024-2025 Riverview School District Budget Planning Feedback
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Students in the Community
2024-2025 Riverview School District Budget Planning Student Feedback
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The ThoughtExchange and surveys will be available for input through Sunday April 14th.
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Your engagement in this dialogue will assist us in making informed decisions and prioritizing necessary adjustments as we navigate these financial constraints. We value your input and appreciate your partnership in ensuring the continued success of our students and schools. A full preliminary budget presentation was given at the March 12 school board meeting. RSD School Board Meeting - March 12, 2024
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Why do we need to make budget reductions?
Some of our revenue sources we have used to bridge the gap between expenditure costs and revenue are going away.
Our budget details
Materials, Services and Non-Staff Resources
Staff Costs
FAQ - Coming Soon
About the Budget Development Process
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Each year, district leaders and the school board collaborate on the budget planning process to devise a roadmap that prioritizes student learning. This process typically commences in winter and concludes with the board's adoption of the budget in August. Throughout this journey, input is actively sought from students, families, staff, and the community. This year, we are soliciting input through various channels, including surveys, one ThoughtExchange session, and committee meetings. The feedback garnered is then carefully integrated into the program and staffing plan.
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Over the past five years, our district has witnessed a decline in student enrollment of approximately 10%. While Riverview School District experienced an increase in student enrollment up to the 2018-2019 academic year, a decline ensued in 2019-2020. This decrease was notably influenced by the COVID-19 pandemic and has been gradually recuperating, given the persistently low birth rates and the diminishing school-aged population within our district boundaries. Forecasts suggest a sluggish growth in student enrollment, with the most significant surge expected in grades K-8 over the next five years. However, projections for the subsequent five years indicate a plateau in enrollment for lower grades and an upswing in grades 9-12. The 10-year forecast anticipates a full decade to regain pre-pandemic enrollment levels. Enrollment is the primary driver of funding for our schools, so we are adjusting staffing to balance our budget while still focusing on student achievement. Throughout the year, the board and leadership monitor the financial and enrollment data closely, making real-time adjustments to spending as needed. This proactive approach ensures that resources are allocated efficiently to support student learning.
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We are actively working to publish additional budget resources on our website to ensure that we provide comprehensive information to all stakeholders. This ongoing effort aims to enhance accessibility and understanding of the budgetary process for our entire community.
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Timeline
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January – District leadership sets budget priorities and works with Administrative team to start budget process for 2024-2025
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February 6th – March 15th – Building level enrollment projections
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February 6th – March 31st – Administrative team budget request process (stop, start, continue)
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March 12th – School Board Budget Update – board presentation
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March 25 – April 15 Staff, Student and Parent Survey
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March 25 – April 14 Community Thought Exchange
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March 26 – School board ending fund balance directive
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April 23 – Board resolution for staffing reduction if needed
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May 15 – Deadline to finalize staffing decisions
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July 10 – Draft Budget
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August 27 – Public Budget Hearing