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2012-2013 Superintendent’s Budget. Presentation for Providence School Board March 26, 2012. FY2011-2012 Budget Projection. Budget Drivers. Student Achievement - PowerPoint PPT Presentation
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2012-2013 Superintendent’s Budget
Presentation for Providence School Board
March 26, 2012
FY2011-2012 Budget Projection
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Projected Revenues $308,553,007Projected Expenditures 309,301,098
Surplus/(Deficit) ($748,091)
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Budget Drivers
• Student Achievement– Class size, curriculum development, professional development, classroom
materials, extracurricular activities, innovations schools, common planning time, standards, and assessments
• Available Funding from State and City
• Changes to School Enrollment
• Labor Contract Obligations– Salaries, Benefits, Class Size
• Employee Retirement Contributions– State– Local
• Vendor Contract Obligations– Transportation– Custodial and maintenance– Outside tuitions
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Local Budget Comparison FY 2012 to FY 2013
Providence School Department
Fiscal Year 2012-2013
Local Budget Revenue/Expenditure Projection
Budget Projection Change
Revenues 2011-2012 2012-2013
State Aid $177,121,396 $177,121,396 $0
Restore Federal Job $ 8,683,552 8,683,552
Funding Formula Year 2 7,682,555 7,682,555
Categorical Changes 228,566 228,566
Supplemental Jobs $ FY 12 (128,298) (128,298)
Group Home Updates (90,000) (90,000)
Non Public Transportation (112,426) (112,426)
SUBTOTAL 177,121,396 193,385,345 16,263,949
City Aid 124,896,611 124,896,611 0
Medicaid 4,250,000 4,250,000 0
Indirect Cost 1,700,000 1,500,000 (200,000)
Miscellaneous 585,000 585,000 0
SUBTOTAL 131,431,611 131,231,611 (200,000)
TOTAL REVENUE 308,553,007 324,616,956 16,063,949
Expenditures
Total Expenditure 308,553,007 330,821,024 22,268,017
BUDGET GAP $6,204,068
Budget Expenditure Variances
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Salaries Delay in Hiring Add Back / Onetime Salary Reductions $3,109,500Loss of Federal Jobs Funds 1,350,000Title I Stimulus $ 300,000Literacy Surplus 1,500,000Furlough Days 1,550,0001033 Step Freeze 325,0001033 1% Wage Add Back 350,000PTU Longevity 690,500Steps 860,000New Positions 1,180,000Crossing Guards 6 65,000Displaced Teachers FY 12-13 Est. 25 FTE's 1,800,000Misc 81,172
13,161,172
BenefitsDental 4% Projected Increase and Additional Staff 265,327Medical 3% Projected Increase and Additional Staff 929,231FICA Salary Items 1,006,830Retiree Medical 4% Projected Increase 262,349City Retirement 11.19% Increase to Rate 773,054Workers Compensation Based on FY 11-12 Projections 200,000Workers Compensation Med Based on FY 11-12 Projections 100,000Laborer’s Pension 10% Increase April 2013 190,000
3,726,791
Budget Expenditure Variances (Continued)
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Other
Technical Service IT Service Contracts 44,000
Non Technology Related Repairs Building Generator Conversion 50,000
Transportation Budget Increased by 16 Busses plus 2% Contract Increase 1,370,672
Tuition to Other School Districts $1,100 per Student Increase for Met & Davies 659,499
Tuition Based on FY 11-12 Projection 700,000
Tuition to Charter Schools $584 per Student Increase 378,640
Computer Hardware Phase I of Elementary School Computer Upgrades 800,000
Computer Hardware Phase I of Electronic White Board Installation 700,000
Custodial Service 3% Contractual Increase 501,000
Natural Gas Natural Gas (Heating) 200,000
Miscellaneous Changes (23,757)
5,380,054
Expenditure Increases $22,268,017
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Budget Unknowns
• Final State Aid Allocation to the District
• Final City Appropriation to the District
• Final Federal Entitlements
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FY2013 Budget Overview
Budget Revenue Assumptions
• State Aid will be calculated without the accelerated funding formula
– Governor’s FY2013 Proposed Budget calls for an accelerated funding formula which results in an additional $3.7 million increase for Providence
• The City appropriation to schools will remain at the FY2012 amount
– City funded 40.47% of FY2012 budget. Level funding of the FY2013 proposed revenue budget is 38.48%
• Federal Entitlements will be level funded
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• Eliminating a $6.2 million budget gap
• Achieved by:– Approval of Governor's Revenue Proposal– Staffing Reductions– New Initiatives
Budget Expenditure Assumptions
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Budget Expenditure Assumptions (Continued)
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Current Budget Gap $6,204,068
Accelerated Funding Formula 3,679,073
Proposed Positions 90,288 - 1,640,875
New Initiatives 20,000 - 1,930,000
Proposed Budget Gap $0
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FY 2013 Expenditures
Proposed Expenditures $330,821,024
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FY 2013 Revenues
Projected Revenues $324,616,956
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Budget Schedule (Anticipated)
• March 26 Budget Submitted to School Board• April 27 Budget Submitted to Mayor• May 1 Budget Submitted to Council• June Council Budget Hearings • June-July Final State Aid Determined• July Council Adopts City Budget• July-August School Board Approval• July-August Council Approves Ordinances
Questions ?
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