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Fiscal Year 2012 Budget Overview: Challenges, History & Funding.

Recap of fiscal year 2012 budget, including a five-year expenditure history. Discusses significant challenges, state funding cuts, local tax impacts, and transportation funding constraints.

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Fiscal Year 2012 Budget Overview: Challenges, History & Funding.

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  1. FY 2012 BUDGET RECAP

  2. FIVE YEAR BUDGET HISTORY( EXPENDITURES)(In millions)
  3. SIGNIFICANT BUDGET CHALLENGES STATE FUNDING- AUSTERITY REDUCTIONS LOCAL TAX DIGEST LOSS OF FEDERAL STIMULUS DOLLARS MILLAGE RATE(20 MILL CAP) TRANSPORTATION FUNDING STATE FUNDING FORMULA DOES NOT FUND TECHNOLOGY(K-12)
  4. State Austerity Reductions(In millions)
  5. Tax Digest History
  6. TAX MILLAGE ANALYSIS 2011-2012 18.50 MILLS 2010-2011 18.50 MILLS 2009-2010 18.50 MILLS 2008-2009 18.50 MILLS 2007-2008 18.50 MILLS 2006-2007 18.50 MILLS 2005-2006 17.50 MILLS 2004-2005 17.50 MILLS 2003-2004 18.90 MILLS
  7. PUPIL TRANSPORTATION REVENUE/EXPENDITURES REVENUES EXPENDITURES FY 2011 $1,109,398 $5,274,249 FY 2010 $1,300,929 $4,069,667 FY 2009 $1,417,826 $4,672,696
  8. OPERATING REVENUE/EXPENSEFY 2012 BUDGET REVENUE $85,502,613 EXPENDITURES $90,624,024 RESERVES USED $ 5,121,411 PROJECTED RESERVES REMAINING $ 5,715,510
  9. REVENUE ASSUMPTIONS USEDFOR FY 2012 BUDGET 8% Decrease in local tax digest or $2.4 million State Austerity reduction ( $9.1 million) ARRA funding not available
  10. Where The Money Comes From Local Sources Includes Property Taxes, Real Estate Transfers Alcohol Beverage Taxes, Interest Earnings, and Miscellaneous Fees $29,598,710 35% State Sources Quality Basic Education Funding (QBE) & Miscellaneous State Grants $55,903,903 65% $85,502,613
  11. Expenditure Reductions 6 Furlough Days $ 1,928,561 Reduced Operational Costs of Facilities $ 24,000 Reduced Transportation Fuel Costs $ 12,471 Attrition(Vacant Positions not rehired) of 5 Teachers $ 250,200 Reduced Middle School Athletics $ 9,436 Freeze Local and Coaches Supplements $ 83,844 $ 2,308,512
  12. How The Money is Spent Instructional Salaries and Benefits $68,054,207 75.10% Admin Salaries and Benefits $ 6,121,495 6.75% Classified Salary and Benefits $ 7,284,841 8.04% Instructional Operations $ 2,414,275 2.66% Admin Operations $ 965,257 1.07% Maintenance and Operations $ 5,783,949 6.38% $90,624,024
  13. How the Money is Spent
  14. Expenditure Breakdown Salaries and Benefits 89.89% Other Expenditures 10.11%
  15. Cost per Student 12,582 FTE Students Does not include Pre-K Program( 380 students) $7,815 per Student in FY 10-11 Ranked 146th out of 180 School Districts
  16. Cost per Student
  17. General Administration Expenditures General Admin is comprised of Support Services at the Professional Development Center(PDC) 12,582 FTE Students General Admin per Student $244.60 Ranked 159th out of 180 School Districts
  18. General Admin per Student
  19. FY 2013 Budget Outlook State Budget Equalization Grant Austerity Reductions Property Tax Digest Classified Health Insurance Teachers Retirement System Charter Funding Mid-Term Adjustment
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