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Public Hearing on Fiscal Year 2014 Board of Education Operating Budget February 6, 2013

Public Hearing on Fiscal Year 2014 Board of Education Operating Budget February 6, 2013. Public Engagement. Town Hall Meetings Business Roundtable Rally around the Promise. Budget Priorities. Retaining and attracting quality staff Technology School safety & security. Budget Highlights.

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Public Hearing on Fiscal Year 2014 Board of Education Operating Budget February 6, 2013

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  1. Public Hearing on Fiscal Year 2014 Board of Education Operating BudgetFebruary 6, 2013

  2. Public Engagement • Town Hall Meetings • Business Roundtable • Rally around the Promise

  3. Budget Priorities • Retaining and attracting quality staff • Technology • School safety & security

  4. Budget Highlights • Total expenditures $547.3 million • 4.6% increase over FY2013 budget • Total revenues $531.6 million • $15.7 million variance between revenues and expenditures • Version 1.0

  5. Revenues Summary • County $244,311,223 • State 264,237,651 • Other 23,047,538 • Total$531,596,412

  6. Revenue DetailsCounty Funding • Total Estimated County Funding - $244,311,223 • Maintenance of Effort (MOE) - $229,737 more than FY2013 • Additional $1,576,667 related to pension shift • $4,000,000 transfer related to sale of surplus properties • $663,598 increase in in-kind services

  7. Revenue DetailsState Funding • Total State Funding - $264,237,651 • Estimated increase of $3,702,995, approximately 1.4% over FY2013 • Includes Estimated Geographic Cost of Education Index (GCEI) of $6,379,612 in FY2014

  8. Revenue DetailsOther Revenues • Federal Revenues • $17.7 million in federal funding is unchanged but may be affected by sequestration • Miscellaneous Revenues • $5.4 million in tuition, fees, rents, rebates and investment income • Includes no estimated rollover fund balance from FY2013

  9. Expenditures Summary Total FY2013 Expenditures $523,087,640 • Reversals and Adjustments 7,982,857 • Enrollment (2,709,855) • Continuation of Programs & Services 4,056,322 • Mandated Items 4,452,057 • Salary & Staffing Resource Pool 10,472,321 Total Increase $24,253,702 Total FY2014 Expenditures $547,341,342

  10. Expenditures DetailReversals and Adjustments • Lease Payment from surplus property $4,000,000 proceeds • Remainder of FY13 delayed increment 4,052,157 • Other (69,300)

  11. Expenditures DetailEnrollment • Changes due to staffing formula $ (3,065,743) • Expansion of Pyramid Program 355,888

  12. Expenditure DetailContinuation of Programs & Services • Health & Dental Insurance $4,639,381 • Retiree & Transitioning Employees 1,178,700 • Salary Savings (1,650,000) • Middle School Schedule 357,961 • School Security 48,660 • Inter-scholastic Athletics 50,000/(49,158) • Other (519,222)

  13. Expenditure DetailMandated Items • Less FY14 Bus Purchases than FY13 $(1,040,000) • Non-Public Placements 700,000 • Retirement Contribution 468,435 • Pension Sharing 1,576,666 • Charter Schools 2,513,955 • Other 233,000

  14. Expenditure DetailSalary and Staffing Resource Pool • Salary & Staffing Resource Pool $10,472,321 (subject to negotiations)

  15. Next Steps • February Board Meetings – February 13 & 27 • BOE operating budget request to BOCC by March 1st • BOCC Public Hearing May 7, 6:00 p.m. Urbana High • BOE budget discussions May 8 & 22 • BOCC adopts County Budget June 6 • BOE adopts BOE Operating Budget June 12

  16. Other Ways to Stay Engaged • Facebook: FCPSMaryland • Twitter @ FCPSMaryland #FCPSpromise • YouTube PSAs at youtube.com/user/FCPSMaryland • Email: ThePromise@fcps.org • Special section at FCPS.org • SmartPhone App: Available at FCPS.org • FindOutFirst factoids and news releases • Feedback Cards or postcards

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