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RSMo 67.010 Annual Budget Compliance Requirements

RSMo 67.010 Annual Budget Compliance Requirements. In no event shall the total proposed expenditures from any fund exceed the estimated revenues to be received plus any unencumbered balance or less any deficit estimated for the beginning of the budget year…….

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RSMo 67.010 Annual Budget Compliance Requirements

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  1. RSMo 67.010Annual BudgetComplianceRequirements In no event shall the total proposed expenditures from any fund exceed the estimated revenues to be received plus any unencumbered balance or less any deficit estimated for the beginning of the budget year…….. The annual budget presents a complete financial plan and includes the following: • Important features and major changes from the preceding year • Projected revenues and expenditures from all sources with a comparative statement for the two preceding years, itemized by year, fund, source and activity • Interest, amortization and redemption amounts due on debt funds • A general budget summary

  2. Fiscal Year 2008-09 Executive Summary The Fiscal Year 2009 budget is marked with several challenges and key issues: • Projected GOB revenue = $320.0 M • Local, state, and federal funding down $14.9 M • Projected student enrollment decline of 3,000 • Budget gap $30.0M and proposed resolutions • Economic driven concerns • Health benefits:+18.5% • Utilities:+11% • Foreclosures/Property Tax Collection Rate • Unemployment Rate • Federal Fund Rate • Realization of cost containment/saving strategies

  3. Fiscal Year 2008-09 **Initial Proposed Budget Gap Reductions** TOTAL FY08-09Budget Gap $ 24.9 M Proposed Budget Gap ReductionsSavings(M) 1.Position Reduction – Attrition / Realignment $16.6 M 2.Non-Salary Withholding of 5% 5.9 3.Reduce PTO Days 1.0 4.Reduce Extra Service/Overtime 0.7 5.Eliminate Free Feeding Program 0.5 6.Increase FRL revenue 0.2 TOTAL Reductions $ 24.9 M • $16.6M savings is made up of the attrition/realignment of 255 positions. • $16.6M assumes other proposed gap reductions of $8.3M are completely realized. If these savings are not realized, the gap reductions from attrition/realignment would be increased to compensate. $24.9M in reductions due to attrition/realignment would affect 128 additional positions, or a total of 383. **Slide taken from May-08 Presentation

  4. Closing the FY 08/09 Budget Gap: Expenditure Reduction Options Proposed Budget Gap ReductionsPotential Savings (M) Reduce one or more Community Ed. Centers and/or $ 0.5 and/or the number of site administrators - SLPS currently spends $1M on 16 Community Ed. Centers. Evaluating centers based on community need is overdue. Terminate Truancy Contract with the City of St. Louis 0.3 Revise health plan options 1.5 - Investigate different plan options and employee cost sharing strategies. “Shrink wrap” closed schools 0.6 - Ensure that closed buildings are properly secured and shut down. - Turn off all utilities including gas/heat, water, and non-essential electric (emergency lighting and alarms stay on). Subtotal, #1-4$2.9 M

  5. Closing the FY 08/09 Budget Gap: Expenditure Reduction Options Proposed Budget Gap ReductionsPotentialSavings(M) Reduce travel and meeting expenses by 50% $ 0.4 Hold students accountable for lost and damaged textbooks 0.4 - Currently, the District bears the entire cost of text book replacement. Approx. $1M per year. Implement “Lights Out” program in all schools 0.5 - Turning off all lights and computers at the end of each day would result in utility cost savings. Eliminate Creation Station Program 0.2 - Eliminate the Creation Station Program and reassign the three art teachers to fill art teacher vacancies in schools. - Creation Station is a 20-yr old program designed to provide county schools with access to SLPS art programs; however it is no longer needed. Subtotal, #5-8$1.5 M

  6. Closing the FY 08/09 Budget Gap: Expenditure Reduction Options Proposed Budget Gap ReductionsPotentialSavings(M) Reduce Staffing Level – Attrition/Realignment $ 15.1 (Includes salaries + benefits) 10 of 21 Social Workers (3 DROP) $ 1.2 10 of 18 School Psychs. (3 DROP) 0.9 46 Early Childhood TA’s 1.3 47 Magnet Program TA’s 1.4 31 Librarians (9 DROP) 2.3 39 Counselors/DPs (7 DROP) 2.5 57 School Admin. (7 DROP) 3.7 25 Central Office Staff 1.8 265 Positions Institute a voluntary 32-hour work week for non-inst. staff 0.1 - Instituting a voluntary 32 hour work week for non-instructional staff would reduce salary expenses for those positions by 10-15%. Subtotal, #9-10$15.2 M

  7. Closing the FY 08/09 Budget Gap: Expenditure Reduction Options Proposed Budget Gap ReductionsPotentialSavings(M) Personal Time Off (PTO) Payback Incentive $ 0.3 - When a teacher uses a PTO day, a substitute must be paid. The result: two salaries being paid for one position at the same time. - PTO payback gives teachers the option of being paid for a PTO day rather than using it for time off. - A PTO payback amount of $75 per day would result in a savings to the district of $300,000 per year. - Unused PTO liability in the district is approximately $6M. Employ LPNs rather than RNs 0.3 - One RN can supervise several LPNs. - LPNs are paid, on average, 25% less than RN’s. Cost savings result in any case where an LPN is employed rather than an RN. -Medical services offered to students will not be diminished or reduced in any way. Proposal…replace 22 of the 88 RNs with LPNs Subtotal, #11-12$0.6 M

  8. Closing the FY 08/09 Budget Gap: Expenditure Reduction Options Proposed Budget Gap ReductionsPotential Savings(M) Release substitute teachers when regular teachers return $ 0.1 - Control substitute teacher costs by preventing substitutes from being absorbed into the staff after the full-time teacher returns to work. Reduce extra service/overtime costs 0.7 - Identify unnecessary teacher extra service pay activities. - Better manage overtime costs (KRONOS implemented). Do not fill Board custodial positions upon retirement 0.2 - The majority of custodial services are contracted through Sodexho. - There are currently 5 filled custodial positions. - Savings include salaries and benefits. Subtotal, #13-15 $1.0 M

  9. Closing the FY 08/09 Budget Gap: Expenditure Reduction Options Proposed Budget Gap ReductionsPotential Savings (M) Balance the (3) tiered transportation schedule $ 3.0 - Balance the number of operating buses among the three transportation tiers. Currently, the first tier (all high schools & some middle schools) has the most buses. This would affect start times for some schools. Increase student transportation ridership eligibility 3.0from one to 1.5 miles - The State requires that transportation be provided for students residing 3.5 miles or further from school. - Each ½ mile eligibility increment saves the district nearly $3M. - This would increase the number of parents/families providing transportation. Delay Retirement Contribution(As needed to close budget gap) 2.8 _ Subtotal, #16-18$ 8.8 M TOTAL, #1-18 30.0 M

  10. Fiscal Year 2008-09 Staffing Information FY07 FY08 FY09 • GOB Revenues:$353 M$337 M$320 M Enrollment: 32,69430,13427,062 FTE Staffing: Teachers 2,278 2,020 --- Total(GOB) 3,800 3,407 TBD Charter Schools: Enrollment 5,405 7,726 8,110 Revenue $41 M $57 M $62 M

  11. FY 2008–2009PROJECTED TOTAL DISTRICT REVENUEALL FUNDS, IN MILLIONS

  12. FY 2008–2009General Operating Budget Expenditures by Category

  13. Fund Balance

  14. Total District Summary

  15. Public Hearing

  16. Two addendums for Enos Position Summaries

  17. Addendum for Enos: Position Summary as of 6/12/08

  18. Addendum for Enos: Position by Line Item-GL

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