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WORCESTER PUBLIC SCHOOLS

WORCESTER PUBLIC SCHOOLS. FY2009 Updated Budget Projections April 28, 2008. Worcester Public Schools FY02-08 Budget History. 6 Years of Budget Deficits and Reductions Totaling $58.1 million. Worcester Public Schools FY02-08 Budget History. Actual Annual Budget Deficits.

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WORCESTER PUBLIC SCHOOLS

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  1. WORCESTER PUBLIC SCHOOLS FY2009 Updated Budget Projections April 28, 2008

  2. Worcester Public SchoolsFY02-08 Budget History 6 Years of Budget Deficits and Reductions Totaling $58.1 million

  3. Worcester Public SchoolsFY02-08 Budget History Actual Annual Budget Deficits

  4. Worcester Public SchoolsReasons for FY02-FY08 Deficits

  5. Worcester Public SchoolsFY02-08 Budget History Change in Budget Spending FY02 to FY08

  6. Worcester Public SchoolsFY94-FY09 Budget Instructional / Fixed Costs Spending

  7. WPS Students Show Progress • MCAS Scores Improve in ELA and Math: More WPS Students are Advanced/Proficient • More Students taking more rigorous classes • Competitive Colleges Continue to Accept WPS Graduates However, with adequate funding, we could have even better results.

  8. Worcester Public SchoolsFY02-08 Budget History Change in Funded Positions

  9. Worcester Public SchoolsFY02-08 Budget History Closed 8 Schools: FY04Adams Street East Side Preparatory SchoolGranite Street School Greendale SchoolDoherty Satellite Program FY07Harlow Street Fundamental SchoolNew Ludlow School Mill Swan Communication Skills Center Multiple Intelligences School at Dartmouth Street

  10. Worcester Public SchoolsFY02-08 Budget History • Reduced per pupil instructional supplies & materials by 77% $130 in FY02 to $40 in FY06

  11. Worcester Public SchoolsFY02-08 Budget History • Reduced funding for instructional technology by nearly 85% from $1.2 m in FY02 to $0.2 million in FY08 • Eliminated extended day programs at 10 schools, reduced pre-school from full day to half day, significant reductions in staff development, building maintenance, athletics, and fine arts

  12. Worcester Public SchoolsBudget Update FY08: Health Insurance Account Savings FY09: FY09 Budget Update

  13. Worcester Public SchoolsFY08 Health Insurance Savings How much will the WPS save in the health insurance account this year? $2.4 million

  14. Worcester Public SchoolsFY08 Health Insurance Savings Where did these savings come from? FY07 contributions and payments to Health Insurance Trust Fund Health Insurance Trust Fund: Since the city is self-insured for employee health insurance, all contributions for health insurance (employee and employer) are deposited into a Health Insurance Trust Fund. All payments by the city for health insurance are paid from the Trust Fund.

  15. Worcester Public SchoolsFY08 Health Insurance Savings How will these savings be generated? The trust fund will pay three weeks of both employer and employee contributions (a three-week “premium holiday”). Each week equals approximately $750,000 in savings for the WPS. (3 weeks x $800,000 = $2,400,000)

  16. Worcester Public SchoolsFY08 Health Insurance Savings Are these one-time savings? Yes

  17. Worcester Public SchoolsFY08 Health Insurance Savings Must all of the funds be used this fiscal year or can any of it be used next year? The City Administration has indicated that any of the three weeks of WPS Employer savings (in $800,000 increments) can be deferred until FY09. Any decision to defer any of funds to FY09 does not effect the WPS employee premium holiday.

  18. Worcester Public SchoolsFY08 Health Insurance Savings How does the Administration recommend that these funds be spent? Class Size Reduction Instructional Supplies and Materials.

  19. Worcester Public Schools FY09 BUDGET

  20. Worcester Public SchoolsFY09 Budget Revised Revenue Projections:

  21. Worcester Public Schools Revenues FY08 to FY09

  22. Worcester Public SchoolsFY09 Budget Revised Expenditure Projections:

  23. Worcester Public SchoolsExpenditures FY08 to FY09

  24. Worcester Public SchoolsFY09 Budget Revised Projections: Summary: Projected Revenue: $326,820,459 Projected Expenditures: $329,695,071 Difference (Deficit): -$ 2,874,612

  25. Worcester Public SchoolsFY09 Budget Deficit Projection: Estimate:Projection Jan 2008: -$5.7 million April 2008: -$2.9 million Change: $2.8 million

  26. Worcester Public SchoolsFY09 Budget What explains the change in the Health Insurance projection? Difference between January 2008 to April 2008 Projections Total Savings: $4,315,000 • MGL Ch. 32B, Section 18 • Contribution Rates • Plan Design Changes • Enrollment • New Senior Plans * January 2008 Projection already included an estimated $2 million savings for Health Insurance Changes

  27. Worcester Public SchoolsFY09 Budget How to determine the General Fund Budget for WPS:

  28. Worcester Public SchoolsFY09 Budget General Fund Budget: FY09: $255,268,238 FY08: $248,009,032* Increase: $ 7,259,206 % Increase: 2.9% * Final FY08 Budget before charter school adjustments and health insurance trust fund transfer

  29. Worcester Public SchoolsFY09 Budget Current Issues and Long-Term Projections • Fixed Cost Uncertainty • Health Insurance • Chapter 70 Formula • Charter School Formula • Federal Grant Funding • State Grant Funding

  30. Worcester Public SchoolsFY09 Budget Summary FY08 Health Insurance Savings: $2.4 million FY09: Revised Deficit: $2.9 million

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