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Budget Report

Budget Report. Decatur Public Schools. Estimated Final Budget 12/13 Projected Budget 13/14. Estimated Budget Revenues as of May 20, 2013. Estimated Budget Revenues as of May 20, 2013. Revenues=$7,628,086. Revenue Detail. Local Sources – tax dollars School Pines $9,435.48

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Budget Report

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  1. Budget Report Decatur Public Schools Estimated Final Budget 12/13 Projected Budget 13/14

  2. Estimated Budget Revenues as of May 20, 2013

  3. Estimated Budget Revenues as of May 20, 2013 Revenues=$7,628,086 Revenue Detail • Local Sources – tax dollars • School Pines $9,435.48 • State Sources – foundation ($6,966) + one time categoricals • Federal sources ( Title I A; Title II A) Carryover in Federal Funds + Title VI = $81,093 • ISD Special Education Room + SPED Reimbursement + Preschool = $219,911

  4. Expenditures = $7,957,429 Estimated Budget Expenditures as of May 20, 2013 Total Expenditures 7,957,429 Excess (Deficiency) of Revenues Over (Under) Expenditures (329,343) Transfers from Other funds 10,000 Net Change in Fund Balance (319,343) Beginning of Year Fund Balance 930,170 End of Year Projected Fund Balance 610,827

  5. Revenue/Expenditure Comparison • Estimated Budget Revenue as of May 20, 2013 • $7,628,086 • Estimated Budget Expenditures as of May 20, 2013 • $7,957,429 • Expenditures over Revenue = (329,343) + $10,000 transfer from other funds = (319,343)

  6. Projected 2013-2014 Revenues as of May 20, 2013 MDE updated this amount at the end of last week the allocation is$36,220 less than what is in this budget

  7. Revenue Comparison May 20, 2013 2012-13 with 2013-14

  8. Differences Between 12-13 Revenues and 13-14 Revenues • -456,500

  9. Revenue Changes from 2012-13 to 2013-14 • Projected Student Count – 875 for fall; Declining enrollment of 37 students for lost revenue of $236,430 • 2013-2014 Foundation used is $7,100 - right now we are being told the foundation will actually be $6,966 • Eliminated MPSERS Offset – Lost revenue of $85,849 • Eliminated Performance-Based Funding – Lost Revenue of $37,795 • Eliminated Best Practices – Lost Revenue of $47,365 • Reduction in Federal Consolidated Grant Funds - $36,220 • Preschool Savings of $20,000 - $25,000

  10. Projected 2013-2014 Expenditures as of May 20, 2013 Expenditures = $7,789,216 Total Expenditures 7,789,216 Excess (Deficiency) of Revenues Over (Under) Expenditures (617,630) Transfers from Other funds 10,000 Net Change in Fund Balance (607,630) Beginning of Year Fund Balance 610,827 End of Year Projected Fund Balance 3,197

  11. ExpenditureChanges from 2012-13 to 2013-14 • Retirement Rate 24.79% (average) • Includes 7-12 Principal hire budgeted: $120,000 • Replaced two retires with BA Step 1 and Family Insurance • One teacher not replaced • Teacher salaries outside the parentheses; step increases; lane changes and + status changes; longevity • 0% salary/wage increase for all other employees • Insurance Hard Cap increases • Difference between 12-13 and 13-14 Expenditures = (168,213) • Plus the budget has $175,000 in reductions

  12. Take the difference between the projected final budget 2013 revenues and the projected 2014 revenues ($456,500) Add to it the net change in fund balance or difference between revenues and expenditures for 2013 ($319,343) The result is the amount of projected fund equity to be spent if we did everything next year the same as this year --- ($775,843)

  13. Enrollment History 2005 through 2013

  14. We have less students – In 2004-2005 we had 1160 students. In 2013-2014 we estimate 875 students. This is a -24.5% change We have less teachers – In 2004-2005 we had 71 teachers. In 2013-2014 we estimate 56.75 teachers. This is a -20.7% change We had 142.5 employees in 2004-2005. In 2013-2014 we estimate 106.6. This is a -25.1% change Total Revenues in the year ending June 30, 2005 were $8,713,615 Total Expenditures in the year ending June 30, 2005 were 8,554,820

  15. United State Department of Labor – Bureau of Labor Statistics provides this information: • The Foundation Grant for 2006-2007, was$7085 and is comparable to our current foundation of $6966. If we compared this rate with inflation we would find that we would need a foundation grant of $7812 • To have the same buying power. • The CPI inflation calculator uses the average CPI for each calendar year .

  16. What difference would this make? $846 more per student That would equate to $740,250 dollars.

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