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2010-2011 Budget Update. January 7, 2010. Personal and Academic Success for All!. 2010-2011 Proposed Budget-General Fund. Maintain Current Competitive Position No step or other salary increases Load new staff salaries and update benefits 132,001

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slide1
2010-2011 Budget Update

January 7, 2010

Personal and Academic Success for All!

2010 2011 proposed budget general fund
2010-2011 Proposed Budget-General Fund

Maintain Current Competitive Position

  • No step or other salary increases
  • Load new staff salaries and update benefits 132,001
  • Restore VRS 3 month payment holiday 650,999
  • 11.57% increase in VRS rate (15.64% to 17.45%) 514,263
  • Estimated increase in health insurance 180,708
  • Worker’s Compensation 4,590
2010 2011 proposed budget general fund1
2010-2011 Proposed Budget-General Fund

General Education Staffing Formulas

  • CHS staffing formula 20.50:1 -3.00 (203,890)
  • Buford staffing formula 16.25:1 -2.50 (169,906)
  • Elem staffing formula 17.0:1 or 20.0:1 -1.00 (67,963)
2010 2011 proposed budget general fund2
2010-2011 Proposed Budget-General Fund

Special Education Staffing Formula

  • K – 6 teaching positions -1.00 (67,963)
  • 7 – 12 teaching positions -1.00 (67,963)
  • K – 6 inst. assistant positions -3.00 (78,459)
  • 7 – 12 inst. assistant positions -1.00 (26,153)
2010 2011 proposed budget general fund3
2010-2011 Proposed Budget-General Fund

Contracts and Miscellaneous Services

  • Transportation contract – City
  • Piedmont Regional Education Program (PREP)
  • Maintenance contract – City (65,640)
  • Comprehensive Services Act – City 61,051
  • Vocational education contract – CATEC (28,000)
2010 2011 proposed budget general fund4
2010-2011 Proposed Budget-General Fund

Contracts and Miscellaneous Services

  • Division Contingency Reserve (179,450)
  • Other Miscellaneous changes (26,369)

TOTAL EXPENSE CHANGES $561,856

2010 2011 general fund revenue changes
2010-2011 General Fund Revenue Changes
  • City
    • $38,113,839
    • 70.91% of GF budget
    • Decrease of 1.31% ($170,000)
    • Increase transfer to technology ($336,000)
      • (local funds pick up elimination of state funding)
  • State
    • $14,295,313
    • 26.60% of GF budget
    • Decrease of 1.43% ($207,627)
      • (in addition to elimination of 336K tech funding in special revenue fund)

TOTAL REVENUE DECREASE ($713,627) -1.31%

2010 2011 general fund revenue changes1
2010-2011 General Fund Revenue Changes

TOTAL REVENUE DECREASE (713,627)

TOTAL EXPENSE INCREASE (561,856)

NET BALANCE ($1,275,483) -2.34%

2010 2011 general fund summary points to remember
2010-2011 General Fund SummaryPoints to Remember
  • No salary increases or new positions recommended
  • VRS rate increase is major factor in increased costs
    • 1.15 million including removal of 3 month waiver
  • State budget reductions
    • 336K technology funding moved to local funding in general fund
    • 208K additional reductions ADM based and incentive funds
    • Uses SFSF funds to offset shortages in Basic Aid (258K)
    • No change to composite index
  • 1.36% reduction in City funding
    • 170K
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2010-2011 Budget Update

January 7, 2010

Personal and Academic Success for All!

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