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2012-2013 Superintendent’s Budget

2012-2013 Superintendent’s Budget. Presentation for Providence School Board April 9, 2012. Local Budget Comparison FY 2012 to FY 2013. FY2013 Budget Overview. The Superintendent’s FY2012-13 proposed budget is $331,121,024 The FY2013 Budget is $22,568,017 or 7.31% higher than FY2012.

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2012-2013 Superintendent’s Budget

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  1. 2012-2013 Superintendent’s Budget Presentation for Providence School Board April 9, 2012

  2. Local Budget Comparison FY 2012 to FY 2013

  3. FY2013 Budget Overview • The Superintendent’s FY2012-13 proposed budget is $331,121,024 • The FY2013 Budget is $22,568,017 or 7.31% higher than FY2012

  4. What Explains The Increase? • Loss of Federal/State Funding and Budget Adjustments $6.3 Million • Contractual Increases $9.3 Million • Labor Contracts • Other Contracts • Benefit Increases $3.7 Million • New People and Initiatives $3.2 Million • New Positions • Technology Initiatives • Decreasing the Walking Distance for High School Students (in partnership with RIPTA)

  5. Funding Losses & Budget Adjustments

  6. Contractual Increases

  7. Benefit Increases

  8. New People & Initiatives

  9. Current Budget Unknowns • Final State Aid Allocation to the District • Final City Appropriation to the District • Final Federal Entitlements

  10. Recommendations for Closing the Gap

  11. Proposed Expenditures $331,121,024 FY 2013 Expenditures

  12. Projected Revenues $324,616,956 FY 2013 Revenues

  13. How Much of Our Budget is Fixed?

  14. Budget Schedule (Anticipated) • March 26 Budget Submitted to School Board • April 27 Budget Submitted to Mayor • May 1 Budget Submitted to Council • June Council Budget Hearings • June-July Final State Aid Determined • July Council Adopts City Budget • July-August School Board Approval • July-August Council Approves Ordinances

  15. Questions ?

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