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2010-2011 Budget Update PowerPoint Presentation
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2010-2011 Budget Update

2010-2011 Budget Update

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2010-2011 Budget Update

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  1. 2010-2011 Budget Update January 7, 2010 Personal and Academic Success for All!

  2. 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

  3. 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)

  4. 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)

  5. 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)

  6. 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

  7. 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%

  8. 2010-2011 General Fund Revenue Changes TOTAL REVENUE DECREASE (713,627) TOTAL EXPENSE INCREASE (561,856) NET BALANCE ($1,275,483) -2.34%

  9. 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

  10. 2010-2011 Budget Update January 7, 2010 Personal and Academic Success for All!