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Madison City Schools

Madison City Schools. 2015 Budget. FY 2015 Proposed Budget 2nd Public Hearing September 9, 2014. Maintain pupil/teacher ratios Control expenses Justify request Maintain adequate fund reserves. Madison City 2015 Budget Objective. Highlights FY 2015 Budget.

joan-benjamin
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Madison City Schools

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  1. Madison City Schools 2015 Budget FY 2015 Proposed Budget 2nd Public Hearing September 9, 2014

  2. Maintain pupil/teacher ratios • Control expenses • Justify request • Maintain adequate fund reserves Madison City 2015 Budget Objective

  3. Highlights FY 2015 Budget • System ADM – Arrears by 178.37 (funding purposes). • System ADM - Current Year Increased by 150.00. • Funded Teacher Units – Increased by 10.32. • PEEHIP – Increased by $792.00 per employee/annually. • 74.16 Operating Days of Fund Balance. • Salaries and Benefits – General Fund – 78.86% of Budget • A 2% growth of Local General Fund Revenues covers a 150.00 System ADM increase (unfunded). At this point the budgeted Expenditure are just slightly greater than Revenues - $35,127.42. • Debt Service Fund – No relief from Debt Payments until 2028. No new revenue source to allow for additional Capital Projects. Restructuring of current debt a possibility.

  4. Per Pupil Expenditure - 2013

  5. Student Population 1992-2015 BJHS Renovation Stadium BJHS Addition Discovery Renovation Heritage Addition BJHS

  6. Madison City Schools 2014-2015 Budget

  7. Changes to Budget Since 1st Public Hearing

  8. Changes to Budget Since 1st Public Hearing

  9. Changes to Budget Since 1st Public Hearing

  10. Total Proposed Budget  FY 15

  11. Proposed General Fund BudgetFY 2015 Revenue • State $ 47,796,865 • Federal $ 327,000 • Local $ 29,404,582 • Other Uses $ 374,112 TOTAL $77,902,559

  12. General Fund Salary & Benefits Expenditures

  13. Madison City School's Outstanding Debt

  14. Capital Projects Fund $23,300,267 Bob Jones Renovation Swimming Facility MES and LMS Parking Lot Resurfacing HVAC at Madison Elementary City Stadium Bleachers Purchase School Buses

  15. FY 2015 Proposed Budget 2nd Public Hearing September 9, 2014

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