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Superintendent’s Budget Proposal for the Fiscal Year July 2008 – June 2009

Superintendent’s Budget Proposal for the Fiscal Year July 2008 – June 2009. Superintendent’s Budget. Balances Regular Education District Program Cost with New Money in the General Fund. Ames CSD Superintendent’s Budget Outlook. New Revenue: New Money* $1,093,185

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Superintendent’s Budget Proposal for the Fiscal Year July 2008 – June 2009

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  1. Superintendent’s Budget Proposal for the Fiscal YearJuly 2008 – June 2009

  2. Superintendent’s Budget • Balances Regular Education District Program Cost with New Money in the General Fund

  3. Ames CSD Superintendent’s Budget Outlook • New Revenue: • New Money* $1,093,185 • Turnover Savings 298,800 • Revenue Sources $1,391,985 • New Costs: • Teachers** 793,982 • All Other Staff Categories 245,355 • New Staff 07-08 & 08-09 240,199 • Achieve 3000 15,000 • Transportation Increase 38,750 • Utilities Increase 58,699 • New Costs $1,391,985 *Based on 4% allowable growth, inc. enrollment of 30.7 **Based on preliminary, anticipated settlement

  4. Superintendent’s Balanced Budget Proposal • Maintains all teachers Pre-K – 12 in all district programs funded by our General Fund • Maintains Educational Assistants • Holds all building programs to $0 increase • Allows for an additional elementary teacher if needed • Provides for expected increases in utility/energy costs

  5. Actual In-Seat Enrollment October 2007 4,537

  6. How the School Funding Formula Works

  7. Tax Rate Comparison(Based on FY07 Rates) For FY 2008-09 Ames Levy Rate will be $13.64760

  8. A Look at the General Fund • Funding Sources for General Fund 2008-2009 • Property Taxes 41% • State Foundation Aid 33% • Tuition In and Discretionary Transportation 9% • State Categorical Funds 7% • Income Surtax 4% • Federal Funds, Title, IDEA 3% • Local Revenue & Interest Income 3% • Textbook Fees 0.2%

  9. 2008-09 General Fund Revenue

  10. Challenges Unfunded Mandates… • Potential Impact of Collective Bargaining Bill • Potential Impact of Homeschool Funding Cut • Fees per Department of Education Declaratory Ruling Undetermined at this Time • Rising Energy Costs • Anticipated Cuts in Federal Funding-Title Grants • Collective Bargaining and Negotiated Salaries

  11. What’s New • Work Accomplished to promote Core Provisions in All Schools • Financial Support for All Curricular Areas • Continue Achieve 3000 initiative for improved literacy • Continue Instructional Strategist, Elementary Guidance Counselor, and Elementary Teacher for 07-08 Bubble Class • Additional Teacher to address class size • Benefit increases • 4.7% Health Insurance Increase, District pays 100% of single premium • 0.3% IPERS Increase, District pays 6.35% of employee’s salary for 61% of total IPERS contribution for an employee

  12. Public Forum Saturday, May 3, 9:00 a.m. The meeting will be held at the Ames High School Multipurpose Room We invite all to attend and participate

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