2014 15 general fund budget budget process
This presentation is the property of its rightful owner.
Sponsored Links
1 / 18

2014-15 General Fund Budget BUDGET PROCESS PowerPoint PPT Presentation


  • 83 Views
  • Uploaded on
  • Presentation posted in: General

2014-15 General Fund Budget BUDGET PROCESS. THE BUDGET PROCESS. LOCAL REVENUE. LOCAL REVENUE– STAGNANT, PROJECTED SLIGHT DECREASE IN EIT $1,100,000 INCREASE REAL ESTATE TAXES $297,263-TAX INCREASE. STATE REVENUE.

Download Presentation

2014-15 General Fund Budget BUDGET PROCESS

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.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


2014 15 general fund budget budget process

2014-15 General Fund BudgetBUDGET PROCESS


The budget process

THE BUDGET PROCESS


Local revenue

LOCAL REVENUE

  • LOCAL REVENUE– STAGNANT, PROJECTED SLIGHT DECREASE IN EIT

  • $1,100,000

  • INCREASE REAL ESTATE TAXES

  • $297,263-TAX INCREASE


State revenue

STATE REVENUE

  • STATE REVENUE DOESN’T MATCH MANDATES WITH THE EXCEPTION OF SOCIAL SECURITY AND RETIREMENT

  • BASIC EDUCATION FUNDING REMAINS ESSENTIALLY THE SAME

  • SPECIAL EDUCATION FUNDING REMAINS ESSENTIALLY THE SAME


Change in revenue over time

Change in revenue over time


New sources of state revenue

NEW SOURCES OF STATE REVENUE

  • $20 Million in New Special Education Funding to be Distributed to Districts Based upon 3 Special Education Cost Categories pursuant to recommendations by Special Education Funding Commission

    • School District- Specific factors such as Aid Ratios, Equalized Millage Rates, Sparsity/Size Factor used to provide adjustments.

    • New special education money for Franklin $50,368


New source of state revenue

New source of state revenue

  • READY TO LEARN FUNDING

  • ACCOUNTABILITY BLOCK GRANT MAINTAINED AT SAME LEVEL $162,272

  • STUDENT FOCUSED FUNDING SUPPLEMENT - USE RESTRICTED BASED ON DISTRICT SPP SCORE – FRANKLIN ESTIMATED TO RECEIVE $343,094


Federal revenue

Federal revenue

  • TITLE I used for improving academic achievement of disadvantaged

    • School-wide at all elementary schools

    • Currently funds 5 reading teachers and 3 math coaches

    • Drastic decrease over the last 3 years

      • 2013-14 decrease due to sequestration

      • 2014-15 adjustment to “poverty census”


Title i allocation

Title I allocation


Federal revenue1

Federal revenue

  • Title II A is used for Class-Size Reduction teachers

    • 3 teacher salaries and benefits were funded in 13-14

    • 2 teacher salaries/benefits will be funded in 14-15

    • Title II A is also used for professional development


Federal revenue2

Federal revenue

  • School Based Access Medicaid Reimbursement

    • Reimburses for Direct Health-Related Services of Special Needs Students

    • Administration of Program has changed from Leader Services to PCG and processing has become cumbersome

    • Reimbursement has decreased from $350,000/$367,000 to slightly over $200,000


Expenditures mandated or required to be spent

EXPENDITURES MANDATED OR REQUIRED TO BE SPENT


Salaries and benefits 2014 15

SALARIES AND BENEFITS 2014-15

  • STAFFING

    • PROFESSIONAL STAFF DECREASE FROM 165 TO 163

    • 5 RETIREMENTS- 4 REPLACEMENTS AT LOWER STEP , 1 NOT REPLACED

    • RESTRUCTURING OF TITLE I MATH COACHES BECAUSE OF SHRINKING FEDERAL DOLLARS

  • BENEFITS

    • NO INCREASE IN HEALTH BENEFIT COST

    • NO INCREASE IN DENTAL BENEFIT COST


2012 13 budgeted expenditures

2012-13 BUDGETED EXPENDITURES


Budget 2014 15

BUDGET 2014-15


Future considerations

FUTURE CONSIDERATIONS

  • SHRINKING STUDENT ENROLLMENT

    • According to October 1, enrollment numbers there has been a decrease of 288 students over the last 10 years.


Future considerations psers obligations

Future considerations PSERS obligations


  • Login