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Budget Study SessionFiscal Year 2015-16
5/26/2015Sandy Rotella CPA, SFO -
Chief Financial Operations Officer
Beginning Fund Balance - CalculationAMOUNT
Fiscal Year 13-14 Audited Fund Balance (Fund 10 & 12) $ 9,058,079
Estimated Revenue FY 14-15 61,724,089
Estimated Expenditures FY 14-15 62,163,315
Estimated Ending Fund Balance – June 30, 2015 $ 8,618,853
Other Revenue ChangesIncrease in Property TaxesIncrease in Specific Ownership TaxIncrease in transfer to Athletic FundDecrease in Categorical FundingIncrease of Transfer to Capital Reserve FundDecrease of Transfer to Risk Management
FundMaintain Federal Impact Aid
Revenue – Estimate for FY 15-16AMOUNT
Est. Revenue for Fiscal Year 14-15 $ 61,724089
Estimated Increase to FY 15-16 Revenue
4,053,917
Estimated Revenue for FY 15-16 $62,516,037
Salary & Benefits• Salary Increase:
• Certified:• Steps and Column Movement• 1.5% COLA
• Classified:• Steps• Restructure of Longevity Payments• 1.0% COLA
• Benefits • PERA: 0.9% increase (from 18.35% to 19.20%)• Health Insurance: No change
Targeted Student / TeacherStaffing Ratios by Core Content Area
Preschool 16:1Kindergarten 20:1Grades 1-3 24:1Grades 4-5 26:1Grades 6-8 28:1Grades 9-12 30:1
REFERENDUM(I)RESTORING OR
ENHANCING ELIMINATED PROGRAMS IN MUSIC, ART, PHYSICAL EDUCATION, CAREER-TECHNICAL EDUCATION AND MIDDLE SCHOOL ATHLETICS;
REFERENDUM (continued)
(II) PROVIDING OPERATING FUNDS FOR PROGRAMS INTENDED TO INCREASE GRADUATION RATES, KEEP STUDENTS IN SCHOOL, AND IMPROVE READING AND WRITING SKILLS OF ALL STUDENTS IN KINDERGARTEN THROUGH TWELFTH GRADE;
REFERENDUM (concluded)(III) UPGRADING AND
IMPROVING COMPUTER TECHNOLOGY FOR ALL STUDENTS IN KINDERGARTEN THROUGH TWELFTH GRADE
Estimated Expenditures – Fiscal Year 2015-16
AMOUNT
Estimated Salaries: Based on FY 2015-16 FTE and negotiated agreements $40,425,645
Estimated Benefits: Based on FY 15-16 FTE, negotiated agreements, PERA rate increase and no change in ER healthcare contribution. 11,782,624
FY 15-16 Purchased Services, Supplies and Other Expenditures
10,307,768
Estimated FY 15-16 Expenditures $62,516,037
Recap of Revenue/ExpendituresAMOUNT
Estimated Beginning Fund Balance $ 8,618,853
Estimated Revenue FY 14-15 62,516,037
Estimated Expenditures FY 14-15 62,516,037
Excess Exp over Revenue -0-
Estimated Ending Fund Balance 6/30/16 $8,618,853
Analysis of Fund BalanceTABOR – estimate $3,100,000
Board Policy – estimate 3,125,802
Non-spendable/Restricted - estimate 100,000
Assigned – estimate 150,000
Unassigned – estimate 2,143,051
Total Estimated Fund Balance $8,618,853
Budget Reduction ConsiderationsIMPACT AMOUNT
Reduce ESS Administration
Realign resources to the Buildings $700,000
Other FundsGeneral Fund – Sub FundsAthletics FundInsurance Reserve FundSpecial Revenue FundsNutrition Services FundGovernment Designated Purpose Grant FundAthletic FundFee Supported FundDebt Service FundsBond Redemption FundCapital Projects FundCapital Reserve Fund
MAY - 2015
12 Board of Education Meeting – Budget Strategic Planning
19 Board of Education – Study Session Proposed Budget submitted to Supt & BOE
26 Board of Education Meeting – Presentation of 2015-16 Preliminary Budget
JUNE – 2015
09 Board of Education Meeting – Public Hearing on the 2015-16 Proposed Budget
16 Possible Board of Education Meeting
23 Board of Education Meeting – Adoption of 2015-16 Budget