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SUSD Budget Revision #1 FY 2010

Governing Board Meeting 01 September 2009 David Peterson Assistant Superintendent - Operations. SUSD Budget Revision #1 FY 2010. Budget Update. As of 31AUG09 we still do not have a final State Budget for FY 2009-10!

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SUSD Budget Revision #1 FY 2010

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  1. Governing Board Meeting 01 September 2009 David Peterson Assistant Superintendent - Operations SUSD Budget Revision #1FY 2010

  2. Budget Update • As of 31AUG09 we still do not have a final State Budget for FY 2009-10! • All Districts are required to establish a Budget based upon July 2009 Legislative action to allow for the setting of the Local Tax Rate • 2% Increase to Base Level (We placed in Unrestricted Capital) • Utility Formula Funded (90% Excess Utilities) • 100% Career Ladder Funding • 2% Increase Desegregation • The Most Current Budget information changes school funding in Arizona drastically • No 2% Increase in M&O or Capital (Loss - $3,019,670) • No Utilities Funding (Loss - $4,818,855) • Desegregation Funding Frozen (Loss - $274,316) • Soft Capital Funding Reduced 85% (Loss - $4,854,866) TOTAL FUNDING LOSS = $12,967,707

  3. Budget Revision #1 • SUSD anticipated this decreased funding level and staffed schools and funded programs based on this reduction to avoid mid-year impacts • Good News – Final ADM is 25,402.638 resulting in an additional 18.152 ADM to be recognized in Rev #2 • Tax Rate REDUCED by an estimated 13.76¢ • 2009 - $3.9258 per $100 of Assessed Valuation • 2010 - $3.7882 per $100 of Assessed Valuation • Total Aggregate District Budget Limit • M&O $166,837,549 • Unrestricted Capital $ 13,418,460 • Soft Capital $ 6,561,573 • Federal Projects $ 12,885,914 $199,703,496

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