2009 10 budget hearing presented to board of education community june 15 2009
Download
Skip this Video
Download Presentation
2009/10 Budget Hearing Presented to Board of Education & Community June 15, 2009

Loading in 2 Seconds...

play fullscreen
1 / 10

2009/10 Budget Hearing Presented to Board of Education & Community June 15, 2009 - PowerPoint PPT Presentation


  • 69 Views
  • Uploaded on

2009/10 Budget Hearing Presented to Board of Education & Community June 15, 2009. Presentation Outline. Budget Cuts Have Been Made Low Fund Balance … … Going Even Lower Reductions and Adjustments Bleak Financial Future.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about ' 2009/10 Budget Hearing Presented to Board of Education & Community June 15, 2009' - villette-leclerc


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
2009 10 budget hearing presented to board of education community june 15 2009
2009/10 Budget Hearing

Presented to Board of Education & Community

June 15, 2009

presentation outline
Presentation Outline
  • Budget Cuts Have Been Made
  • Low Fund Balance …
  • … Going Even Lower
  • Reductions and Adjustments
  • Bleak Financial Future
financial snapshots june 30 2008
Financial Snapshots - June 30, 2008
  • Statewide Fund Balance Database
    • 580 Districts with Higher %
    • 258 Districts with Lower %.
    • In Kalamazoo County 6 have higher % and only 2 have lower.
  • Statewide MDE Financial Database
    • Portage ranks in lowest 10% for administrative costs in the State.
pps general fund the bottom line
PPS General Fund“The Bottom Line”

SY 08/09

SY 09/10

Nearly $1.2M of Fund Balance Used

pps gf budget 09 10 reductions adjustments
PPS GF Budget 09/10Reductions & Adjustments
  • K-12 Instruct. Staff - GE (4.88 FTE *) $317,000

Gifted & Talented (1.0 FTE) 65,000

  • Custodial Services Outsourcing 600,000
  • Increase in Specific Walk Zones 106,000

Total Budget Reductions/Adjustments$1,088,000

* Full Time Equivalency

custodial services outsourcing
Custodial Services Outsourcing

* Actual savings impacted by unemployment comp and actual costs in 09/10

house of cards financing
House of Cards Financing?

08/09 Stimulus $3.2M

09/10 Structural Deficit $.8M

09/10 Stimulus $6.1M

Kal County Enhancement $3M

09/10 PPS Budget Prop Up By Over 12.5%

how bad does 2010 11 look
How Bad Does 2010-11 Look?
  • Governor’s Office Prepared an Executive Scenario for 2010-11 as part of May Revenue Estimating Conference
    • Assumes 4% Revenue Growth
    • Assumes Foundation Grant at present level
    • Assumes continued statewide drop in enrollment
    • Doesn’t factor increased costs (steps, retirement, energy)
  • State Aid shortfall of $439M or $276/pupil
  • In Portage = $2,374,000 shortfall
  • Development of 3 Year Budget Forecast/Cycle will begin soon
ad