1 / 13

WINSTON-SALEM/FORSYTH COUNTY SCHOOLS

WINSTON-SALEM/FORSYTH COUNTY SCHOOLS. 2012-13 BUDGET PREVIEW. First, the Good News!. Projected local budget surplus in 2011-12, which, except for items listed on subsequent slides, should continue to be available in 2012-13 $9.0 million

atara
Download Presentation

WINSTON-SALEM/FORSYTH COUNTY SCHOOLS

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. WINSTON-SALEM/FORSYTH COUNTY SCHOOLS 2012-13 BUDGET PREVIEW

  2. First, the Good News! • Projected local budget surplus in 2011-12, which, except for items listed on subsequent slides, should continue to be available in 2012-13 $9.0 million • Savings from remainder of local assistant positions due to be eliminated June 30 $0.75 million

  3. Funding Losses • Federal Jobs Bill Funds $10.5 million • Race-to-the-Top Funds Used to Pay Equity+ Bonuses in 2011-12, but not Available in 2012-13 $1.8 million • Carryover exhausted in Federal Title II CSR $0.4 million

  4. Other Expected Funding Needs • “Temporary” Salary Savings in 2011-12 $175,000 • Already Enacted Increase in Matching Ret. $1.5 million • Already Enacted Increase in Discretionary Reduction $2.0 million • Anticipated Increase in Matching Health Ins. $325,000

  5. Other Potential Funding Needs • Projected Increases in Utility Rates • Potential for Matching Legislated Pay Increases • Potential Losses of Other Federal Funds

  6. Pent-up Needs Due to Budget Cuts • Activity Bus Replacements • Computer Replacements • Textbook Adoptions • Staff Development • Other replacements/enhancements of technology and other tools

  7. Other Potential Sources of Funds • Use Some Portion of Fund Balance That is Accumulated in 2011-12 • Modify and/or Find Another Funding Source for Equity+ Bonuses • County Funding (Implementation of Funding Formula?)

  8. Bottom Line • Sources of Funds $9,750,000 • Funding Needs -$16,700,000 • Potential Funding Shortfall -$6,950,000 • Does Not Take Into Account Pent-up Funding Needs or Potential Funding Sources

  9. First Steps • Determine How Much Fund Balance to Use • Determine the Impact of Equity+ Bonuses • Continue to Monitor the Potential for Additional State Cuts • Continue to Work Toward Implementation of a County Funding Formula

  10. Discuss Ideas for Permanent Cuts • Permanent Pay Cuts? • Central Office/12-month Classified • Supplements (a small percentage of all supplements; just masters’; combination) • Special Supplements • Hourly

  11. Discuss Ideas for Permanent Cuts • Eliminate Central Office Positions? • Continue Converting to Contract Cleaning? • “Trial Employment” Temporary Staffing? • New Instructional Delivery Model for AIG? • Teacher Assistant/PRT Allotment Formula? • Reduce Need for Substitutes?

  12. Summary • Picture is Somewhat Brighter Than Anticipated • Use of Fund Balance can Help at Least Delay Some of the Pain • Still Hope to Avoid RIFs • Still Hope to Avoid Class Size Increases • Still Lots of Unknowns

  13. Next Steps • Seek Input from the Board • Empower a Study Group • Begin Discussions of Ideas and Alternatives • Continue to Monitor and Update State and County Funding Projections

More Related