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Budget Overview

Budget Overview. Jackson Zimmermann Executive Director – Fiscal Services. Your Budget Book. Revenue Sources (in Millions). Total Revenues: $153,972,043 . Revenues. Where do we Invest Our Resources. Superintendent's 2013/2014 Proposed Budget By Type of Expense.

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Budget Overview

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  1. Budget Overview Jackson Zimmermann Executive Director – Fiscal Services

  2. Your Budget Book

  3. Revenue Sources (in Millions) Total Revenues: $153,972,043

  4. Revenues

  5. Where do we Invest Our Resources

  6. Superintendent's 2013/2014 Proposed BudgetBy Type of Expense Total Expenses: $155,444,689

  7. Drivers of the Superintendent’s Funding Request • Student Enrollment • Free/Reduced Lunch Students • Maintenance of Effort • Market Competitiveness

  8. Student Enrollment Enrollment is projected to increase by 6.52% (846 students) over the next 5 years.

  9. Free/Reduced Lunch Student Trends Free/Reduced trends are based upon a three year weighted average to temper major fluctuations

  10. Maintenance of Effort (Page A-19) $3,198,210

  11. Compensation: Market Recommendations

  12. Compensation: Teacher Increases

  13. Health Benefits Summary

  14. County Portion of Health Costs over Six Years

  15. VRS Rates Over Time 5% Employee Share

  16. Changes in Budgeting Practices • Lapse Account • Realigning Budgets

  17. Compensation Lapse Cycles Budget to Budget Within Budget Year

  18. Balancing Risk and Expectations Through Lapse Lapse

  19. Balancing Risk and Expectations Through Lapse

  20. Realigning Budgets Budgeting Focus: Reduce the variance between actual and budgeted amounts where it made sense. Outcome: The number of departments and schools that had a variance of greater than 20% was reduced by 60%

  21. Realigning Budgets • Accomplished by: • Transferring Money from Departments into Schools • Budgeting Anticipated Carryover to Schools • Budgeted Anticipated Donations

  22. Questions

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