1 / 16

2012-13 Budget Planning

2012-13 Budget Planning. First Public Hearing June 8, 2012. First Public Hearing. Presentation Topics Brief Overview of Legislative and Congressional Impacts Brief Review of Superintendent’s Recommendation First Presentation of Other Fund Budgets Transportation Vehicle Fund

aria
Download Presentation

2012-13 Budget Planning

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. 2012-13 Budget Planning First Public Hearing June 8, 2012

  2. First Public Hearing Presentation Topics • Brief Overview of Legislative and Congressional Impacts • Brief Review of Superintendent’s Recommendation • First Presentation of Other Fund Budgets • Transportation Vehicle Fund • Associated Student Body (ASB) Budget • Debt Service Fund • Capital Projects Fund June 12, 2012

  3. 2012-13 Budget Recommendation • State Legislative Session Impacts • Current Impacts of Past Legislative Session • Current Impacts of Current Legislative Session • Future Impacts of Current Legislative Session Congressional Impacts Probable • Sequestration – Up to $1M in mid-year Reductions June 12, 2012

  4. 2012-13 Budget Recommendation • Impacts From Past Legislative Sessions • 2012-13 Furlough Days • School Calendar Change Impacts Students & Families • Instructional Time Maintained • Staff Will Work Fewer Days • Staff Will Receive Less Pay in 2012-13 June 12, 2012

  5. 2012-13 Budget Recommendation • Superintendent’s Recommendation • For First Time in Two Years, No Certificated Lay-Offs • Voluntary and Involuntary Transfers Due to Staff Returning from Leave, Program and Enrollment Changes • Classified Lay-Offs Minimized, and Due to Changes in ELL, Title, LAP, Special Education or Capital Funding • Program Changes will be Supported Within Current Resources • Inflationary Costs Covered by Current Department Budgets June 12, 2012

  6. 2012-13 Budget Recommendation • Superintendent’s Recommendation – Fund Balance • Executive Limitation: Budget Planning EL-7 • 2011-12 Budgeted to Spend $3.5 M more than Revenue, $2.0 M was State Revenue Loss for Salary Allocations • 2012-13 Budget Anticipated to Spend $1.5 to $2.0 M more than Revenue • Given Conservative Budgeting, Expect that “Committed to Minimum FB Policy” Will Continue to be in Compliance June 12, 2012

  7. Transportation Vehicle Fund • Revenue Source: State Depreciation • Used to Purchase Replacement Buses Current Bus Fleet: 147 Buses • Average Age: 10 Years • Oldest Year: 1987 • 50 Fully Depreciated June 12, 2012

  8. Transportation Vehicle FundPreliminary 2012-13 Budget Budgeted Beginning Fund Balance $590,000 Budgeted Revenues:$640,000 State Depreciation $640,000 Interest Earnings $ 0 Budgeted Expenditures:$590,000* 4 Transit Buses $480,000 Spending Capacity $110,000 Budgeted Ending Fund Balance $640,000 June 12, 2012

  9. Associated Student Body Fund • Supports extracurricular, recreational, cultural and social activities • Governed by Constitution and Students (Grades 6 –12) • Minor Changes for Illahee (minimum meetings), Sequoyah (campaign activites), and TJ (creates sixth Officer and renames one Officer position) • Revenue Generated by Fees and Fund Raisers • Budget Adoption Authorizes: • Fund Raisers (compilation for elementary & secondary) • Expenditure Capacity June 12, 2012

  10. Associated Student Body FundPreliminary 2012-13 Budget Budgeted Beginning Fund Balance $ 584,500 Budgeted Revenues: $4,116,800 Budgeted Expenditures: $4,161,000* Budgeted Ending Fund Balance $540,300 June 12, 2012

  11. Debt Service Fund • Collect Tax Revenue and Redeem Bonds for Previously & Newly Authorized Bonds • Fiscal Year Budget and Calendar Year Levy • Assumes No Additional Voter-Authorized Bond Sales • $11.865 M Remaining Balance • Additional Refunding of Outstanding Bonds Possible June 12, 2012

  12. Debt Service FundPreliminary 2012-13 Budget Budgeted Beginning Fund Balance $9,355,000 Budgeted Revenues: $17,900,000 Budgeted Expenditures: $20,126,000* Budgeted Ending Fund Balance $7,129,000 A$1 M tax levy roll-back is possible in November June 12, 2012

  13. Capital Projects Fund • 2012-13 Sixth Year of Spending for $149 M Bonds and activity is coming to a close • State Match Work is wrapping up • 2013 is ThirdYear of Six-Year Technology Levy, and includes voter-approved change from $1.8 M to $4.4 M • Land Fund Shortfall Projected Until ESC/MOT Sell • Impact Fee Shortfall Projected Until 2012-13 June 12, 2012

  14. Capital Projects FundPreliminary 2012-13 Budget BUDGETED: Beg FB Revenue Exp End FB Construction*$11.8 M $ 5.0 M $16.8 M $ 0.0 M Phase 2 & 3$12.2 M$ 0.4 M $ 2.6 M $ 10.0 M Tech Levy/e-rate $ 0.0 M $ 3.7 M $ 3.7 M $ 0.0 M Impact Fees ($ 0.1 M) $ 0.4 M $ 0.3 M $ 0.0 M Land Fund ($12.4 M) $ 0.0 M $ 0.0 M ($12.4 M) Investment/Other $ 2.2 M$ 0.4 M$ 0.2 M$ 2.4 M FUND TOTALS: $13.7 M $9.9 M $23.6 M*$ 0.0 M *provides capacity for FWHS when voter-approved June 12, 2012

  15. First Public Hearing Expected Board Actions on June 26, 2012 • Motion to Adopt ASB Constitutional Changes • Accepts Slate of ASB Fund Raisers • Adopt a Resolution Establishes Appropriations for ALL Funds • Sets Preliminary Tax Levies for Calendar Year 2013 June 12, 2012

  16. First Public Hearing Public Hearing & Board Adoption June 26 Questions & Comments smclean@fwps.org Federal Way Public Schools June 12, 2012

More Related