Agenda
• Governor’s Budget Request
– 2011-12 Supplemental Request
– 2012-13 Revised Budget Request
Timeline
• November – working off of two years estimates
• Late December – actual students, assessed values, specific ownership, December forecast
• Early January - Supplemental and Budget Amendments based on more current information and estimates
Actual 2011-12• October 2011 Pupil Counts
• Actual Assessed Values & Specific Ownership Tax
• Supplemental Budget Request submitted to fund increased student counts
• Assumes no increase in the negative factor amount
Actual – 2011-12Original
AppropriationActual
2011-12*Change (with
Supplemental)*
Funded Pupils 805,891 808,195 2,304
At-Risk Pupils 288,017 292,606 4,589
Total Program Prior to Negative Factor
$5,987,109,016 $6,006,861,965 $19,752,949
Negative Factor ($774,414,342) ($774,414,342) -0-
Total Program After Negative Factor
$5,212,694,674 $5,232,447,623 $19,752,949
Average Per Pupil Funding
$6,468.24 $6,474.24 $6.00
*Subject to Legislative Approval
2011-12 Supplemental Budget Request
• Joint Budget Committee approved the drafting of the supplemental budget request into bill form– Bill will be reviewed Wednesday, Jan 25
• Will be introduced to House & Senate
• WILL STILL NEED TO PASS!!
Revised AssumptionsFY2012-13 Budget Request
• Actual assessed values higher than anticipated however not as good as preliminary estimates– Actual decline of 5.39% statewide– Increased local share $24.2 million for 2011-12
• Property Tax +$33.14 million• SOT -$8.96 million
– For 2012-13, revised estimated growth in local share of $24.1 million
• Increased student count estimates
Revised AssumptionsFY2012-13 Budget Request
Estimated Change
Total
Pupil Growth 8,990 817,185
At-Risk Growth 3,326 295,932
Inflation Estimate 3.5% NA
Base Per Pupil Funding
$197.22 $5,831.99
Late February 2012 – actual inflation
AssumptionsFY2012-13 Budget Request
• $67.5 million through SB11-230– For FY2011-12, intent to be used for mid-year
changes in enrollment or assessed values– Request for FY2012-13 utilizes these funds to
offset any needed increases in negative factor
• NOTE: this assumption is still in place for 2012-13
FY2012-13 Budget Request
Compare FY2011-12 and FY2012-13
*Subject to Legislative Approval
*Subject to Legislative Approval
Compare FY2011-12 and FY2012-13
FY2012-13 Revised Budget Request
Changes in Total Program Revised Request
REVISED Funded Pupils 817,185
REVISED Estimated Growth and Inflation – not funded
$279,266,520
REVISED Budget Balancing Measure – year over year reduction $48,414,048
REVISED Total that Represents the Increase in the Negative Factor $327,680,568
Revised FY2012-13 Budget Request
*Subject to Legislative Approval
Gap represents negative factor of 17.6%
The actual funded Total Program has
declined 7.2% from the high in
2009-10.
FY2012-13 Budget Request Actual Funded Total Program*
Change from Prior Year
Cumulative Change
Funded Pupils
Average Per Pupil
Funding
2008-09Actual
$5,347,325,784 NA NA 778,136 $6,872
2009-10Actual
$5,586,087,039 $238,761,255 $238,761,255 789,497 $7,076
2010-11Actual
$5,439,939,345 ($146,147,693) $92,613,561 798,600 $6,812
2011-12 With Supplemental**
$5,232,447,623 ($207,491,722) ($114,878,160) 808,195 $6,474
2012-13 REVISED Budget Request
$5,184,033,575 ($48,414,048) ($163,292,209) 817,185 $6,343
% Change from Prior Year -.93% -.93 NA 1.11% -2.02%
*Includes effects of rescissions and legislative actions.
**Subject to Legislative Approval
Where are we?• Supplemental Appropriation Bill will be
introduced within next few days
• The Supplemental Bill also provides a starting point for 2012-13
• Figure Setting – JBC
• School Finance Act will be introduced
• USE THESE NUMBERS AS A STARTING POINT FOR 2012-13
Review District by DistrictComparison
• Spreadsheet posted on School Finance Website:– http://
www.cde.state.co.us/cdefinance/SchoolFinanceFundingFY2012-13.htm
– Column AF is estimated year over year change
– Column AK is estimated change in per pupil funding
REMINDER
• Numbers are subject to change – we are very early in the legislative session.
• Contact us for any clarification needed.
Questions & Evaluation