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Preliminary Expenditure Budget for 2011-2012 (FY2012)

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Preliminary Expenditure Budget for 2011-2012 (FY2012)
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  1. Preliminary Expenditure Budget for 2011-2012 (FY2012) Park Hill Board of Education April 28, 2011

  2. Budget Timeline • November-December, 2010 • Preparation of FY2011 Budget Guidelines • January 13, 2011 • FY2012 Budget Assumptions • January - February, 2011 • 2011-2012 Budget Manual and budget allocations distributed to district budget leaders • Budget reviews for each unit • February 24, 2011 • Presentation to the Board: Demographic Profile & Enrollment Projections • March 24, 2011 • Presentation to Board of Education: Preliminary Revenue Budget for FY2012

  3. Budget Timeline • April 28, 2011 • Presentation to Board of Education: Preliminary FY2012 Expenditure Budget • May 26, 2011 • Presentation to Board of Education: Updated FY2012 revenue and expenditure budgets • June 9, 2011 • Presentation to Board of Education: Updated FY2012 revenue and expenditure budgets • June 23, 2011 • Presentation to Board of Education: FY2011 Budget Amendment and recommendation for approval of FY2012 Budget • August 25, 2011 • Board of Education – Set the 2011-2012 Tax Rate

  4. Expenditures • Total Expenditures • Includes Debt Service and Bond Expenditures • Operating Expenditures • Excludes Debt Service and Bond Expenditures

  5. Typical Operating Expenditures (by Object)

  6. 60% Employee Salaries • FY2011 • Salaries and Step Movement Frozen For All Employee Groups • Teachers were given educational movement (horizontal) and work day reduction • FY2012 • Negotiation process with teachers begins in May • Changes to pay typically distributed to all work groups

  7. 15% Employee Benefits • FY2012 Budget • Insurance • Health, Dental, Vision & Life Insurance for Full Time Personnel increase • 0.0% increase on Insurance for May, 2011 – January, 2013 benefits • Retirement • PSRS (Certified) • District & Employee payment to PSRS increases from 14.0% to 14.5% of Salary plus Insurance in FY2012. • PEERS (Classified) • District & Employee payment to PEERS increases from 6.63% to 6.86% of Salary plus Insurance in FY2012. • Expect $250,000 increase due to higher rates • FICA & Medicare • Rates are consistent with FY2012

  8. 13% Purchased Services • Purchased Services • Amounts paid for services rendered by personnel who are not on the district payroll • Examples: • Transportation (FirstStudent) • Wide Area Network / Fiber Lease • VoTech Tuition • Special Education Services Outside the District • Copier Maintenance Agreement • Software/Hardware Maintenance Agreements • Legal Services • Property & Liability Insurance • Projected FY2012 Increase • Expected overall increase of ~$200,000 primarily due to increases in transportation (contracted at 3% annually)

  9. 7% Supplies & Materials • Supplies & Materials • Amounts paid for materials of an expendable nature. • Examples: • Bus Fuel • Utilities • Student Supplies • Textbooks • Food • Custodial Supplies • Paper • Maintenance & Grounds Supplies • Projected FY2012 Budget • Anticipate ~$400,000 increase from FY2011 budget primarily due to increases in fuel and utilities

  10. 5% Capital Outlay • Capital Outlay • Expenditures for the acquisition of fixed assets or additions to fixed assets. • Examples: • Building and Campus Repairs • Maintenance & Grounds Equipment & Vehicles • Computers & Electronic Equipment • Furniture (i.e. student/staff desks, cafeteria tables) • Includes one-time capital expenditures including Union Chapel Waste Water project • Projected FY2012 Budget • Anticipate similar budget as FY2011

  11. <1% Long & Short Term Debt • Long & Short Term Debt (Non Debt Service) • Department of Natural Energy (DNR) Loan • Energy Efficiencies • Retires 2019 • Projected FY2012 Budget • Anticipate ~$100,000 reduced budget from FY2011 (final payment of District Office)

  12. Preliminary Expenditure Budget for 2011-2012 (FY2012) Park Hill Board of Education April 28, 2011