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SB Finances. SBSD Finances. Are we that much different?. SBSD Finances. Are we that much different? How did we get here?. SBSD Finances. Are we that much different? How did we get here? What/Who is Responsible?. SBSD Finances. Are we that much different? How did we get here?

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sbsd finances

SBSD Finances

Are we that much different?

sbsd finances1

SBSD Finances

Are we that much different?

How did we get here?

sbsd finances2

SBSD Finances

Are we that much different?

How did we get here?

What/Who is Responsible?

sbsd finances3

SBSD Finances

Are we that much different?

How did we get here?

What/Who is Responsible?

Can this continue?

are we that much different2
Are We That Much Different?
  • Yes and No
  • No: Other schools probably have more discretionary money than they admit as it is fashionable to be anti Act 10.
are we that much different3
Are We That Much Different?
  • Yes and No
  • No: Other schools probably have more discretionary money than they admit as it is fashionable to be anti Act 10.
  • Yes: We have considerably more money than most other schools.
how did we get here
How Did We Get Here?
  • 1. Increased Revenue Limit
how did we get here1
How Did We Get Here?
  • 1. Increased Revenue Limit
    • 2013-14 Revenue Limit Ceiling Threshold at $9,100.00.
how did we get here2
How Did We Get Here?
  • 1. Increased Revenue Limit
    • 2013-14 Revenue Limit Ceiling Threshold at $9,100.00.
    • 2013-14 SBSD Revenue Limit estimated at $9,431.76.
how did we get here3
How Did We Get Here?
  • 1. Increased Revenue Limit
    • 2013-14 Revenue Limit Ceiling Threshold at $9,100.00.
    • 2013-14 SBSD Revenue Limit estimated at $9,431.76.
    • SBSD three year student Membership average at 979
how did we get here4
How Did We Get Here?
  • 1. Increased Revenue Limit
    • 2013-14 Revenue Limit Ceiling Threshold at $9,100.00.
    • 2013-14 SBSD Revenue Limit estimated at $9,431.76.
    • SBSD three year student Membership average at 979
    • Total Additional Revenue equals $323,914.
how did we get here6
How Did We Get Here?
  • 2. OPEB DEBT
    • Feb. 1, 2005 “Evaluation of Liabilities for Other Postemployment Benefits.”
      • Average OPEB (ARC) payment for three years including 2012, 13, 14, and 15 average of $289,110.
      • OPEB Debt Listed at $9,127,605.
how did we get here7
How Did We Get Here?
  • 2. OPEB DEBT
    • Feb. 1, 2005 “Evaluation of Liabilities for Other Postemployment Benefits.”
      • Average OPEB (ARC) payment for three years including 2012, 13, 14, and 15 average of $289,110.
      • OPEB Debt Listed at $9,127,605.
    • Sept. 26, 2011 “Accounting Report of Liabilities for Participant’s Post Employment Benefits.”
      • Three annual payments of $446,378.41 remaining.
      • OPEB Debt Listed at $1,339,135.23
how did we get here8
How Did We Get Here?
  • 2. OPEB DEBT
    • Feb. 1, 2005 “Evaluation of Liabilities for Other Postemployment Benefits.”
      • Average OPEB (ARC) payment for three years including 2012, 13, 14, and 15 average of $289,110.
      • OPEB Debt Listed at $9,127,605.
    • Sept. 26, 2011 “Accounting Report of Liabilities for Participant’s Post Employment Benefits.”
      • Three annual payments of $446,378.41 remaining.
      • OPEB Debt Listed at $1,339,135.23
    • April 1, 2013 “Accounting of Report of Liabilities for Participant’s Post Employment Benefits.”
      • One payment of $161,455.37 remaining.
      • OPEB Debt paid off on June 30, 2013. Total remaining is $0.00.
how did we get here9
How Did We Get Here?

3. Health Insurance Premium Management

how did we get here10
How Did We Get Here?

3. Health Insurance Premium Management

  • 03-04 Costing: $1,392,002.
  • 12-13 Costing: 1,205,112.
  • Cost Reduction over 9 years = $186,890.
how did we get here11
How Did We Get Here?

3. Health Insurance Premium Management

  • 03-04 Costing: $1,392,002.
  • 12-13 Costing: 1,205,112.
  • Cost Reduction over 9 years = $186,890.
  • 12-13 Costing at 7% Increase for 9 years = $2,559,139 or $1,167,137 increase.
how did we get here12
How Did We Get Here?
  • 4. Reduction in Energy Costs
how did we get here13
How Did We Get Here?
  • 4. Reduction in Energy Costs
    • 2003 Electric Usage: 1,956,083 KW.
    • 2011 Electric Usage: 1,001,075 KW.
    • 995,008 KW reduction at .11/KW = $105,051.
how did we get here14
How Did We Get Here?
  • 4. Reduction in Energy Costs
    • 2003 Electric Usage: 1,956,083 KW.
    • 2011 Electric Usage: 1,001,075 KW.
    • 995,008 KW reduction at .11/KW = $105,051.
    • 2003 Natural Gas Usage: 151,032 Therms.
    • 2011 Natural Gas Usage: 88,853 Therms.
    • 62,179 Therm reduction at .60/Therm = $37,307.
how did we get here15
How Did We Get Here?
  • 4. Reduction in Energy Costs
    • 2003 Electric Usage: 1,956,083 KW.
    • 2011 Electric Usage: 1,001,075 KW.
    • 995,008 KW reduction at .11/KW = $105,051.
    • 2003 Natural Gas Usage: 151,032 Therms.
    • 2011 Natural Gas Usage: 88,853 Therms.
    • 62,179 Therm reduction at .60/Therm = $37,307.
  • Total Estimated Reduction equals $142,358.
how did we get here16
How Did We Get Here?
  • 5. Maintenance and Cleaning Staff
how did we get here17
How Did We Get Here?
  • 5. Maintenance and Cleaning Staff
    • 2002-03 Wages and Benefits: $452,013
    • 2012-13 Wages and Benefits: $369,963
    • Reduction over 10 years = $82,051
how did we get here18
How Did We Get Here?
  • 5. Maintenance and Cleaning Staff
    • 2002-03 Wages and Benefits: $452,013
    • 2012-13 Wages and Benefits: $369,963
    • Reduction over 10 years = $82,051
    • 4% QEO for 10 years = $669,090 costing for $299,127 savings.
how did we get here19
How Did We Get Here?
  • 6. Unfunded Liability Loan
    • Paid $71,154 annually through 2009.
    • Paid off Loan on March 10, 2010.
    • Total Reduced Expenditure equals $71,154.
how did we get here20
How Did We Get Here?
  • 7. Teaching Staff
  • - Retirement of 52 of 75 staff members, while a great loss of experience, has significantly counteracted staff wage increases.
how did we get here21
How Did We Get Here?
  • 7. Teaching Staff
  • - Retirement of 52 of 75 staff members, while a great loss of experience, has significantly counteracted staff wage increases.
  • This retirement affect has also contributed to the reduction in health care family premiums.
who what is responsible1
Who/What is responsible?
  • 1. Was it Act 10? Yes and No
who what is responsible2
Who/What is responsible?
  • 1. Was it Act 10? Yes and No
  • No.
    • Most of the aforementioned savings were completed prior to Act 10.
    • We were successfully working with the unions.
who what is responsible3
Who/What is responsible?
  • 1. Was it Act 10? Yes and No
  • No.
    • Most of the aforementioned savings were completed prior to Act 10.
    • We were successfully working with the unions.
  • Yes.
  • - The reduction in OPEB would not likely have been possible prior to Act 10 or at least resolved as quickly.
who what is responsible4
Who/What is Responsible?
  • 2. District Budget Parameters?
    • 1,000 to 1,200 enrollment is good size.
    • Relative District poorness helps with Revenue.
    • Inherited Fund Balance.
who what is responsible5
Who/What is Responsible?
  • 3. District Decision Making?
    • Consistently better budget for ten years would seem to indicate we have made some good decisions.
    • Investing heavily in reducing future expenditures is now paying off.
    • Conservative mindset.
what do we spend our money on1
What do we spend our Money On?
  • 1. Professional Development
what do we spend our money on2
What do we spend our Money On?
  • 1. Professional Development
  • 2. Instructional Leadership
what do we spend our money on3
What do we spend our Money On?
  • 1. Professional Development
  • 2. Instructional Leadership
  • 3. Near bottom to near top in salaries.
what do we spend our money on4
What do we spend our Money On?
  • 1. Professional Development
  • 2. Instructional Leadership
  • 3. Near bottom to near top in salaries.
  • 4. Building Maintenance
what do we spend our money on5
What do we spend our Money On?
  • 1. Professional Development
  • 2. Instructional Leadership
  • 3. Near bottom to near top in salaries.
  • 4. Building Maintenance
  • 5. Reducing Future Expenditures
can this continue1
Can This Continue?

Yes, if we…

  • continue to develop new ideas to reduce health care costs while maintaining a similar level of benefit.
can this continue2
Can This Continue?

2. plan for significant rising teacher salary expenditures as young teachers work their way through the present or a new salary schedule.

can this continue3
Can This Continue?
  • 3. avoid the temptation to overspend especially on purchases which become annual expenditures.
can this continue4
Can This Continue?

4. maintain the current philosophy and District structure as the Board and District staff evolve.

can this continue5
Can This Continue?
  • 5. slowly increase our fund balance in order to be fiscally ready for new challenges down the road.
can this continue6
Can This Continue?
  • 6. continue to invest in our building in order to further reduce energy consumption.
can this continue7
Can This Continue?
  • 7. anticipate enrollment and program changes and build/maintain accordingly prior to the need to do so.
can this continue8
Can This Continue?
  • 8. monitor the state budget and continue to capitalize on what we can.
can this continue9
Can This Continue?
  • 9. continue with similar District fiscal/budgeting parameters (somewhat out of our hands).
recommendations
Recommendations

Consider three board meeting presentations

  • 1. Spending on Academics with Laura, Dave, and Nick.
  • 2. Spending on Maintenance, Projects, and Energy Conservation with Tim and Jim.
  • 3. Board philosophy and Direction