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February 2012 finance work session

February 2012 finance work session . Raytown C-2 School District. BUDGET KEYS. Strong Educational Product District Operating Revenues District Operating Expenditures Operating Reserves Future Fiscal Stability Competitive Salaries and Benefits Continued Educational Progress.

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February 2012 finance work session

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  1. February 2012finance work session Raytown C-2 School District

  2. BUDGET KEYS • Strong Educational Product • District Operating Revenues • District Operating Expenditures • Operating Reserves • Future Fiscal Stability • Competitive Salaries and Benefits • Continued Educational Progress

  3. OPERATING REVENUES

  4. Breakdown of Operating Revenues 39.2% Property Tax (Local) 1.1%Other Local/County 13.3% Federal 8.1% Prop C 36.1% State 2.2% Other

  5. ASSESSED VALUATION

  6. ASSESSED VALUATION

  7. EXPENDITURESBreakdown of Operating Expenses 8.8% Purchased Serv. 10.9% Supplies/Util. 15.4% Benefits 64.8% Salaries

  8. RESERVES

  9. FY ‘13 BUDGET PROJECTIONS Assumptions • $3,005,000,000 Appropriated for Foundation Formula • Local Assessed Valuation and Collections Remain Flat • Dollar Value Modifier reduced to 1.082 • Weighted Average Daily Attendance Estimated at 8792 • 9% Increase in Health Insurance Costs • 15% Increase in Property/Casualty Insurance, Fuel, Utilities

  10. ZERO SCENARIO 23.3% 24.8% * Salaries frozen at previous year’s rates.

  11. 3 PERCENT SCENARIO * The cost of this increase is calculated at $1,179,137 for all employees

  12. HOW DO WE FUND IT? • Reducing/Consolidating Bus Routes $268,000 • Reduce Field Trips to 1/Grade Level $100,000 • Restructuring Curriculum Coord. $300,000 • Textbook Adoption Completed $250,000 • Fund Balances (BoE target 15-20%) $300,000 • TOTAL $1,218,000

  13. POTENTIAL BUDGET REDUCTIONS • Health Insurance • Health Savings Accounts • Self-Funded vs. Fully Funded • Broker Commissions (RFP for Broker) • Contracted Services • Food Service • Custodial/Maintenance • Decommission Administration Building

  14. QUESTIONS ? ?

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