Cleveland Municipal School District. Fiscal Year 2009 Budget Overview. Cleveland Municipal School District Average Daily Membership. 2007 2008 2009 CMSD Count 53,202 49,857 46,548 Charter Count 11,573 12,693 13,593 .
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Fiscal Year 2009 Budget Overview
CMSD Count 53,202 49,857 46,548
Charter Count 11,573 12,693 13,593
The District is projected to lose over 3,000 students per year. Charter school enrollment is projected to increase 900 students per year.
The proposed general operating revenue forecast for the 2008-2009 school year totals $661,224,776, a decrease of $12.4 million or 1.8% lower then the current year. State sources represent 72.6% of the District’s revenue.
Due to declining enrollment, CMSD is a guarantee district. This results in the District receiving the same amount of state funding as it did in 2007 and 2008. Although our overall state funding remains level, the deductions for community schools continues to rise (from $93 million in 2008 to $101.4 million in 2009).
Tax revenue combined with HB66 hold harmless reimbursements is projected at $198.7 million, a decrease of $11.9 million or 5.65%. Tax revenue is lower due to the collection rate of 86.81% and phase out of tangible personal property tax.
The difference between the gross and net state funding represents flow thru charter school tuition costs. As charter school enrollment increases, the net dollars available to CMSD operations declines.
Other Revenue is projected to decrease $498,891 or 1.7%. is projected at $198.7 million, a decrease of $11.9 million or 5.65%. Tax revenue is lower due to the collection rate of 86.81% and phase out of tangible personal property tax.
The proposed general operating budget for the 2008-2009 school year totals $711,892,569, an increase of $27.5 million over the current year budget.
Employee compensation (salaries and fringe benefits) are projected at $494.3 million, an increase of $14.6 million over the current year budget.
Salary estimates include a provision for a 3% base wage increase consistent with our employee union agreements.
Health insurance estimates reflect a rate increase of 2%.
Wage estimates have been adjusted to include salary schedule step increases.
District retirement costs are projected to increase consistent with the overall increase in salary levels.
Compensation projections reflect a net reduction of 70 positions due to declining enrollment.
The allocation for supplies, textbooks and equipment is recommended at $14.6 million, a $307,000 increase over the current year budget.
The appropriation for textbooks is recommended at $5.9 million, a 3% increase over current year allocation.
Purchased Services are projected at $186.2 million, an increase of $12.3 million over current year estimates.
Charter school tuition is projected at $101.4 million, up $8.4 million (9%) from current year projections.
Utility costs are projected to increase by approximately $2 million over current year projections.
Other purchased services are projected to increase $1.3 million. Tuition costs for students who reside in the District and receive services at other educational institutions are projected to increase.
Other Miscellaneous expenses (fixed charges) are projected at $6.0 million.
This category of expenditures includes County Auditor and Treasurer fees ($3.6 million), fees charged by the County for the collection of delinquent taxes ($1.3 million) and property and casualty insurance ($0.4 million).
Debt Service expenditures are projected at $1,251,000. This category provides for the repayment on the District’s HB 264 Energy Conservation Bonds and loans from the Environmental Protection Agency for use in asbestos removal projects.
The 2008-2009 budget proposal includes $6,000,000 to cover a potential deficit in the Food Service program.
Transfers include a $944,000 sinking fund payment to repay the District’s Qualified Zone Academy Bonds (QZAB) debt.
$2.5 million has been projected to cover year end cash flow advances (June 2009 advances to Special Revenue Funds).