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Olathe District Schools

Olathe District Schools

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Olathe District Schools

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Presentation Transcript

  1. Olathe District Schools Notice of Hearing for State Budget Documents 2009-10

  2. Budget Development Goals • Maintain Direct Services to Students • Attract and Retain High Quality Staff • Minimize Impact on Taxpayer in a Challenging Economy

  3. BUDGET 2009-10: More students -- less money

  4. $9 Million reduction (To Date) Board Approved Budget in August 2008 $230 M

  5. Budget considerations for 2009-10 • Enrollment Growth of 375+ Students (FTE ) • Maintain Effective Class Sizes • Open Forest View Elementary (Elementary #34) • Implement Final Phase of Elementary International Language • Retain Quality Staff • Maintain Facilities

  6. Cash Balance Reserve goals • Financial IndicatorsGoalStatus • Contingency Reserve 6% of General Fund 6% • Cash Flow 102% less than 100% • Capital Outlay 3% of Fixed Assets1.9%

  7. Creating a balanced budget with reduced funding

  8. Creating a balanced budget with reduced funding

  9. Key Variables Impacting the Levy • LOB State Aid 19.55% to 27% • Bond & Interest State Aid 6% to 9% • COLA 1% produces $2,081,000 ~ 0.868 mills • Capital Outlay currently 0.5 mills (down from 4.0 mills) • Assessed Valuation down 3.77%

  10. Preliminary balanced budget -- no mill levy increase

  11. 2009-10 BUDGET accomplishments • Balances Budget • No Mill Levy Increase for Taxpayers • Provides Some Resources for Compensation & Benefits • Provides a Step Towards Restoring Necessary Support for Capital Outlay Funding • Protects Reserves for Potential Rescissions in 2009-10 • Protects Direct Student Services (No Program Cuts or Layoff of Staff)

  12. BUDGET DEVELOPMENT TIMELINE • Remaining Timeline ConsiderationDate • Board ApprovesNotice of Hearing for Publication August 6 • Publication in Paper August 8 • Preliminary State Documents Finalized August 12 • Budget Workshop (Community) 6:00 pm August 13 • Public Hearing & Approval of Budgets August 20 • Staff Certify Approved Budget to County August 25 • and Submit to State

  13. BUDGET DEVELOPMENT TIMELINE • Remaining Timeline ConsiderationDate • Board ApprovesNotice of Hearing for Publication August 6 • Publication in Paper August 8 • Preliminary State Documents Finalized August 12 • Budget Workshop (Community) 6:00 pm August 13 • Public Hearing & Approval of Budgets August 20 • Staff Certify Approved Budget to County August 25 • and Submit to State

  14. Questions