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Public Schools of Petoskey

This document provides an update on the Petoskey Public Schools' spring 2009 budget, including cost savings ideas and current projections. It also addresses state aid, student count, MEA rates, and concerns about funding cuts. The document discusses the federal stimulus and provides a timeline for budget-related events.

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Public Schools of Petoskey

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  1. Public Schools of Petoskey Spring 2009 Budget Update

  2. Current Projections with No Changes

  3. Fund Balance Target – 4.3 Weeks of Expenses

  4. Submitted Cost Savings Ideas – Page 1 * - includes unemployment costs Note: Amounts shown are the total cost. That includes salaries and fringe benefits combined.

  5. Cost Savings Ideas – Page 2 * - includes unemployment costs Note: Amounts shown are the total cost. That includes salaries and fringe benefits combined.

  6. Cost Savings Ideas – Page 3 * - includes unemployment costs Note: Amounts shown are the total cost. That includes salaries and fringe benefits combined.

  7. Cost Savings Ideas – Page 4 Note: Amounts shown are the total cost. That includes salaries and fringe benefits combined.

  8. Cost Savings Ideas – Page 5 Note: Amounts shown are the total cost. That includes salaries and fringe benefits combined.

  9. Cost Savings Ideas – Page 6 * - includes unemployment costs Note: Amounts shown are the total cost. That includes salaries and fringe benefits combined.

  10. State Aid? Student count? MESSA Rates? Kindergarten? Revenue Sharing Projected $-0- increase next two years. Concerned about a cut in At Risk in 09-10. Budgeted decline of 12 kids. Cumulative loss since 04-05 of 108 students. Rates are the same for 09-10 as they are for 08-09. No increase! Changes to funding have been pushed back two years. $803,000 per year, starting 08-09, is included in projection. What About….

  11. Picture still unclear. Will take us into the fall to clear up. District required to spend on new programs that are sustainable. Cannot supplant existing costs, but MDE is exploring ways to fund existing programs that would otherwise be cut. State budget is so bad that it has used all 2 years of funding just to balance next year’s School Aid fund. Expect cuts to categorical funding, such as At Risk, to make up the shortfall in 09-10 and 10-11. What About….Federal Stimulus

  12. May 21: June 1-5: June 12: June 18: June 22: Board Meeting – Elementary re-alignment discussed. Revised Projection to Board Budget reduction plan recommended ESP Window closes Board approves budget reduction plan Board final approval for ESP plan Timeline

  13. Questions

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