1 / 10

2013-14 Financial Presentation 5-year forecast GF Appropriation 2013-14 (Draft)

2013-14 Financial Presentation 5-year forecast GF Appropriation 2013-14 (Draft) GF Line-item budget 2013-14 (Draft) Prepared by: Mark C. Pepera, CFO 9-09-13 We Educate for Excellence... Empowering all students to achieve their educational goals,

horace
Download Presentation

2013-14 Financial Presentation 5-year forecast GF Appropriation 2013-14 (Draft)

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. 2013-14 Financial Presentation • 5-year forecast • GF Appropriation 2013-14 (Draft) • GF Line-item budget 2013-14 (Draft) Prepared by: Mark C. Pepera, CFO 9-09-13 We Educate for Excellence...Empowering all students to achieve their educational goals, to direct their lives and to contribute to society.

  2. Financial Forecast

  3. Key Points-Forecast • $11.3m revenue loss over last 7 years • Last operating levy 7 years ago (2005-06) • 2012 tax duplicate increase only 1/10th of 1% • Labor contracts • Deferred maintenance-equipment-supplies • Impact of Federal Sequestration • End of levy cycle

  4. 2013-14 Appropriation Measure(Proposed Budget)

  5. Fiscal Forecast Appropriation (Budget)

  6. Budget Goals • Maintain Commitments to Community • Continuous improvement plan (CIP) • Financial responsibility • Renegotiated labor contracts • Eliminated 20 positions • Reduced programming/transportation services • Implemented additional consortium/sharing-services

  7. Goal Achievement-How? • Proposed budget only .19% increase over FY13 • Reduce insurance costs-labor costs • Reduce site budgets 5% (*down 15% in total) • Extended work year for teachers-reduce sub costs • Analyze and prioritize spending (relate to CIP) • Consider alternative revenue sources • Utilize attrition-reduce or reallocate labor costs • Reduce discretionary allocations-delay purchases* • Maintain ‘smart’ commitment to facilities/plant

  8. Budgetary Items of Note • Discretional Budget • Reduced site budget allocation another 5%* • Reduced bussing to 1-mile limit • Reduced programming • Limited out of district travel • Limited consumable inventories • Reduced equipment purchases • Targeted maintenance • Remain on reduced bus replacement schedule • Absorb cost of Sequestration and new mandates

More Related