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FY 2012 BUDGET RECAP

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FY 2012 BUDGET RECAP - PowerPoint PPT Presentation


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FY 2012 BUDGET RECAP . FIVE YEAR BUDGET HISTORY( EXPENDITURES) (In millions). SIGNIFICANT BUDGET CHALLENGES. STATE FUNDING- AUSTERITY REDUCTIONS LOCAL TAX DIGEST LOSS OF FEDERAL STIMULUS DOLLARS MILLAGE RATE(20 MILL CAP) TRANSPORTATION FUNDING

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significant budget challenges
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)
tax millage analysis
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
pupil transportation revenue expenditures
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
operating revenue expense fy 2012 budget
OPERATING REVENUE/EXPENSEFY 2012 BUDGET
  • REVENUE $85,502,613
  • EXPENDITURES $90,624,024
  • RESERVES USED $ 5,121,411
  • PROJECTED RESERVES REMAINING $ 5,715,510
revenue assumptions used for fy 2012 budget
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
where the money comes from
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

expenditure reductions
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

how the money is spent
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

expenditure breakdown
Expenditure Breakdown
  • Salaries and Benefits 89.89%
  • Other Expenditures 10.11%
cost per student
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
general administration expenditures
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
fy 2013 budget outlook
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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