Appoquinimink School District FY2009 Budget - Preliminary

ASD FY2009 Preliminary Budget

• Process and timeline

• Principles

• Major changes from FY2008

• The budget

Process and Timeline

• Start with FY2008 final

• April – budget meetings

• May – forecast revenues, final expenditures

• June – present preliminary budget to Board

Process and Timeline

• July – FY begins (1 Jul – 30 Jun)

• October – unit count finalized

• December – prepare final budget

• January – present final to Board

• April – cycle starts again

• Year-round – monitor, monthly reports

Keeping the budget balanced is a continuous process

Local TaxForecasts/

Actuals

State andFederal

Forecasts/Actuals

OperationalNeeds

School andProgram Needs

Process and TimelineR

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Budgeting principles

• Balanced budget – total revenues equal total expenditures

• Build the reserve

• Preliminary budget must conservatively forecast revenues, especially in a lean year like FY2009

Major changes from FY2008

• Major capital

• State budget cuts

• Carryover not budgeted as a revenue category

• Choice and charter accounted for as an offset to revenue

• State-approved budget format

Major changes – Major Cap

• Went from $22.3M in FY08 to $16.9M in FY09

• … then back up to $25.9M

• Good news – bond bill

FY09 Bond Bill Appropriations

Project State Local TotalBunker Hill ES 15,050,800 0 15,080,800

Renov/Add MHS 438,100 162,000 600,100

Renov RMS 555,600 205,400 761,000

Renov MMS 40,200 14,900 55,100

BME Serving Line 56,700 21,000 77,700

Renov SLE 260,600 96,400 357,000

Renov CLE 4,785,700 1,770,100 6,555,800

Renov/Add MHS 1,752,400 648,200 2,400,600

TOTALS 22,940,100 2,918,000 25,858,100

Major changes – Budget Cuts

• Four funds – Extra Time, Extra Time Reading, Teacher to Teacher Instructional Cadre, and Discipline Part 2 – have been eliminated

• In their place, one fund – Student Success Block Grant – has been created and made part of the Consolidated Grant

• In total, reduced $501,786 (aggregate) for Appoquinimink

• This will impact instruction. We are minimizing the impact through setting priorities as part of the Consolidated Grant application

• Tuition reimbursement (State funds) for teachers eliminated

Major changes from FY2008

• Carryover not budgeted as a revenue category

• Choice and charter accounted for as an offset to revenue

• State-approved budget format– Revenue (summary view)– Pulling out categories of expenditures

REVENUE BUDGET

State Funds (Div I/II/III/Other) 58,461,528

Local Funds

Current Operations

Tuition

Minor Cap

Debt Service

Other Local

14,570,000

4,600,000

721,931

5,924,000

1,612,500

Federal Funds 2,156,020

Construction (State + Local) 16,901,700

Debt Service State Share 2,226,634

Minor Cap State Share 449,934

TOTAL 107,624,247

FY2009PreliminaryBudget

72%

26%

2%

STATE77.5M

FEDERAL2.2M

LOCAL27.9M

Major Revenue Sources FY2009

TOTAL107.6M

EXPENDITURE BUDGET

Operating Budget 35,169,677

Division I 40,124,351

Tuition In-State Tuition/Priv Plmt ILC, DFP, PreK

1,500,0002,450,000

Federal Funds 2,156,020

Major Capital Improvements Debt Service Construction

8,150,63416,901,700

Minor Capital Extra Time Local Minor Capital Imprvments Technology Local

180,883749,890241,092

TOTAL 107,624,247

FY2009PreliminaryBudget

Looking forward to another great year!