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2009-2010 Superintendent’s Budget

2009-2010 Superintendent’s Budget

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2009-2010 Superintendent’s Budget

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  1. 2009-2010 Superintendent’s Budget Presentation for PPSD School Board March 23, 2009

  2. Budget Drivers • Student Achievement • Class size, curriculum development, professional development, classroom materials, extracurricular activities, smaller learning communities, common planning time, standards, and assessments • Available Funding • Enrollment Changes • Labor Contract Obligations • Salaries, Benefits, Class Size • Employee Retirement Contributions • State • Local • Service Contract Obligations • Transportation • Custodial and maintenance • Outside tuitions

  3. Key Information • Student Enrollment • 2% overall decrease in student enrollment -- Student population of 23,300 • Nearly a 20% reduction since 2003 • External Budget Review • Broad Foundation funded budget review by Alvarez and Marsal • Facility Changes • Re-opening of Nathan Bishop Middle School • Opening of the Providence Career and Technical Academy • Opening of the Athletic Complex • Closing of the Academy of Service

  4. Unknowns • Final State Aid Allocation • Federal Stimulus Funds, American Recovery and Reinvestment Act (ARRA) • Final City Appropriation • Final Federal Entitlements • Unsettled Labor Agreements • Final Health Insurance Cost

  5. Overview • The Superintendent’s 2009-10 proposed budget is $325,075,600 • An increase of $2,952,871* • All budget increases are non-discretionary • Driven by: • Labor agreements • Vendor agreements • State regulations and laws • Enrollment/Facilities *Details on slide 7

  6. Overview • Includes a $13.9MM budget gap* • Includes level funding for City Aid • State Aid is as proposed in Governor’s Budget; $2.2MM reduction, elimination of Permanent School Fund (24/3 gambling revenue) *Details on slide 7

  7. Budget Increase • 2009 Budget $322,122,729 • 2010 net Exp. Increase 11,452,254 • Unadjusted 2010 Budget 333,574,983 • Adjustments • Reduction in State Retirement* 4,028,579 • Reduction in Debt Service* 4,470,804 • Adjusted 2010 Budget 325,075,600 * Reduction also reduced revenue

  8. Proposed State aid to Education • 2009 Unrestricted aid $189,495,228 • Less (Pension Reform) 4,028,579* • Reduction in Aid 9,537,231 • Reduction in Group Home 165,000 • Subtotal $175,764,418 • Plus Fed. Stabilization Funds 9,537,542 • 2010 Unrestricted Aid $185,301,960 * Expenditure reduction as well

  9. Historical Budget Changes

  10. Revenue • Estimated Revenue $311,114,138

  11. New Spending Requirements • Providence Career and Technical Academy ($450,000) • District wide Athletic Complex ($350,000) • Nathan Bishop Middle School ($500,000)

  12. Increases(in millions) $% • Salaries 5.7 49.6 • Medical Ins. (active & ret.) 2.5 21.7 • Special Ed. Tuitions .3 2.6 • Other Employee Benefits 1.1 9.6 • Vendor Contracts 1.7 14.8 Total $ 11.3

  13. Expenditures • Proposed Expenditures $325,075,600

  14. Expenditures Salaries $167,286,359 Benefits 85,372,714 Services 65,641,906 Supplies 6,309,316 Equipment 465,305 Projected Expenditures $325,075,600

  15. Revenue(millions) • Unrestricted State Aid $185.3 • City Revenue 120.3 • Medicaid 3.8 • Other 1.8 Estimated Revenue $311.2

  16. Notes • Budget Gap must be eliminated prior to final approval. • Unclear how Federal Stimulus funding can be used to reduce the gap • City appropriation is limited by (S3050A) Tax Relief Law.

  17. All Expenditures Are Under Continuous Review • Major Cost Centers • Staff • Out of District Tuitions • Transportation • Vendor Contracts • Health Care • Incorporate savings identified by Alvarez and Marsal into budget plan

  18. Challenges to a balanced budget • The rate of increase in the district’s fixed costs has been greater than the overall budget growth causing budget cuts in the area of school reform and improvement. • 98% of the PSD Budget is fixed Costs (Due to several years of continuous reductions) • PSD is limited in what can be eliminated from the budget due to legal requirements and contractual obligations (fixed costs). • City revenue growth is limited by S3050A The only budget driver that is not a fixed cost is Student Achievement.

  19. Next Steps • April Budget Workshops • April 28 Budget submitted to Mayor • May Budget submitted to Council • June Council Budget hearings • June-July Final State Aid • July Council Adopts City Budget • July-August School Board Approval • July August Council approves ordinances