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PRESENTING THE PROPOSED BUDGET 2011-2012

PRESENTING THE PROPOSED BUDGET 2011-2012. REGIONAL SCHOOL DISTRICT #16 PROSPECT / BEACON FALLS MAY 2, 2011. Dear Voter:

mervyn
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PRESENTING THE PROPOSED BUDGET 2011-2012

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  1. PRESENTING THE PROPOSED BUDGET 2011-2012 REGIONAL SCHOOL DISTRICT #16 PROSPECT / BEACON FALLS MAY 2, 2011

  2. Dear Voter: • The budget proposal contained in this document represents Region 16’s effort to be respectful of and responsible to the citizens of Prospect and Beacon Falls in these difficult economic times. For the fourth year in a row, this year’s message to the District leadership was “what can we do without and still work toward the achievement of our mission”. Significant efforts were made to offset increased costs that are beyond our ability to control, such as the increased medical premiums and energy costs. This budget represents the collected effort of the entire Administrative Team, and I feel it is responsive to our current economic situation. • Getting to a .41% increase: • Personnel reductions = $922,132 • - Savings due to early retirement incentive - $198,294 • - Certified and non-certified positions cut or reduced - $723,838 • Technology – total reductions = $910,950 • Equipment and Furniture – total reductions = $28,794 • Contingencies – total reductions = $52,000 • Energy Improvement Program = $84,000 • Bond Refunding = $235,774

  3. REGIONAL SCHOOL DISTRICT #16ENROLLMENT TRENDSSCHOOL YEARS 2001 / 2002 THROUGH 2010 / 2011 2,680 2,665 2,684 2,700 2,615 2,621 2,534 2,584 2,554 2,419 1,638 (61.21%) 1,637 (61.43%) 1,652 (61.56%) 1,636 (61.59%) 1,586 (60.65%) 1,604 (60.20%) 1,530 (61.37%) 1,553 (60.10%) 1,540 (60.30%) 1,483 (60.31%) 1,064 (39.41%) 1,017 (38.80%) 1,004 (39.62%) 1,029 (39.35%) 1,042 (39.88%) 1,028 (38.57%) 1,032 (38.44%) 1,031 (39.90%) 1,014 (38.70%) 936 (38.69%) 01-02 02-03 03-04 04-05 05-06 06-07 07-08 08-09 09-10 10-11

  4. WHERE THE MONEY GOES(TOTAL DOLLARS $36,768,315) Administrative Salaries $1,465,150 (3.98%) Purchased Services $3,529,643 (9.60%) Non-Instructional Supplies $492,473 (1.34%) Transportation $2304,106 (6.27%) Instructional Supplies $1,309,791 (3.56%) Support Staff Salaries $3,813,461 (10.34%) Tuition $1,111,412 (3.02%) Debt Service $3,252,970 (8.85%) Major Building Improvements $160,212 (0.44%) Employee Benefits $5,092,028 (13.85%)

  5. Region 16’s revenues come from three sources • State grants which come directly to Region 16 • Various funds which are received from sources such as interest earned, carry over funds from • the previous year and use of building fees collected. • The Towns of Prospect and Beacon Falls from town tax revenues and the ECS grant the • towns receive from the State. • The following graph shows the distribution of these funds SOURCES OF OPERATING REVENUE WHERE THE MONEY COMES FROM TOTAL DOLLARS: $36,768,315 BEACON FALLS ECS GRANT $4,044,804 (10.97%) PROSPECT ECS GRANT $5,319,201 (14.47%) BEACON FALLS TAXES $9,267.848 (25.24%) Parking Fees WRHS $9,500 (0.03%) INTEREST INCOME $5,000 (0.01%) PROSPECT TAXES $14,899,226 (40.52%) STATE GRANTS $585,809 (1.59%) STATE REIMBURSEMENT FOR CONSTRUCTION $2,021,927 (5.50%) USE OF SCHOOL FEES COLLECTED $15,000 (0.04%) 2010-2011 CARRY OVER $600,000 (1.63%)

  6. In order to determine the expenses to be paid by member towns of the Region, the net expenses are calculated by taking the total expenditures required and subtracting the revenue from State and local sources. ESTIMATED NET EXPENSES TO BE PAID BY MEMBER TOWNS PROPOSED 2011 – 2012 BUDGET • Budget $36,768,315 • Less State / Federal Grants to Region 16 • Transportation 185,756 • Special Education 397,958 • Adult Education 2,095 • Expenses -- Sub–Total585,809 • $36,182,506 • Less State Reimbursement for: • Laurel Ledge School Principal & Interest 117,685 • Long River Middle School Principal & Interest 348,506 • Community School Principal & Interest 49,066 • Woodland Regional High School Principal & Interest 1,506,670 • Expenses -- Sub-Total2,021,927 • $34,160,579 • Less Estimated Interest Income 5,000 • $34,155,579 • Less Estimated Parking Fees at WRHS 9,500 • $34,146,079 • 6. Less Use of Schools Fees Collected 15,000 • $34,131,079 • 7. Less Anticipated 2009 – 2010 General Fund Carry-over 600,000 • $33,531,079 Then, the remaining balance is divided between the two towns based upon the actual student enrollment. The proportion for this assessment is as follows: Beacon Falls – 39.702% and Prospect – 60.298%. These proportional payments represent the Net Cost to each member town.

  7. NET COST TO MEMBER TOWNS Total Net Expenses: $33,531,079 Enrollment: 2,554 Proportioned Enrollment: Beacon Falls: 1,014 39.702% Prospect: 1,540 60.298% Proportioned Net Expenses to Member Towns: Beacon FallsProspectTotal $13,312,652 $20,218,427 $33,531,079 Less ECS Grant $ 4,044,804 $ 5,319,201 $ 9,364,005 Net Cost to Towns: $ 9,267,848 $14,899,226 $24,167,074 New Increase / Decrease to Member Towns: 2010 – 20112011 – 2012Change% of Change Beacon Falls: $ 9,126,039 $ 9,267,848 $ 141,809 1.55% Prospect: $14,520,414 $ 14,899,226 $ 378,812 2.61%

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