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HCPS Board of Education

HCPS Board of Education. FY 2010 Budget Approval June 22, 2009. Economic Downturn 2009. FY 2010 Budget Challenge. FY 2010 Unrestricted Operating Budget. FY 2010 Unrestricted Operating Budget. FY 2010 Unrestricted Operating Budget. Financial Challenge.

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HCPS Board of Education

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  1. HCPS Board of Education FY 2010 Budget Approval June 22, 2009

  2. Economic Downturn 2009 FY 2010 Budget Challenge

  3. FY 2010 Unrestricted Operating Budget

  4. FY 2010 Unrestricted Operating Budget

  5. FY 2010 Unrestricted Operating Budget Financial Challenge

  6. Cost Savings/Reductions Implemented by HCPS:

  7. FY 2010 Unrestricted Operating Budget *FY 2010 Unrestricted Operating Budget Revenue contains a total of $4,637,987 from HCPS Fund Balance .

  8. The State actions now require the County to assume more of the funding level for the Harford County Public School System in order to move the school system forward in meeting Federal and State mandates. The school system is grateful to receive level funding from the County government for FY 2010 in this uncertain economy.

  9. American Recovery and Reinvestment Act of 2009 (ARRA) Maryland State is using ARRA Federal Funds to support the formula funding for Direct State Education Aid for FY 2010 To Restricted – ARRA Federal Funds To Restricted – Medical Assistance

  10. Revenue Adjustments

  11. Expense Adjustments

  12. Summary of Position Changes

  13. Summary of Revenue Changes Note: $4,637,987 of one time revenue from Fund Balance will be used to fund operating costs in the FY 2010 Unrestricted Operating Budget.

  14. Final Reconciliation FY 2010 Unrestricted Operating Budget • The Superintendent recommends the approval of the proposed amendments to the Unrestricted Fund. Go back to slide 10 & 11 for amendments

  15. Restricted Fund for FY 2010

  16. Restricted Fund for FY 2010 continued

  17. Restricted Fund for FY 2010 continued

  18. Restricted Fund for FY 2010 continued

  19. Restricted Fund for FY 2010 continued

  20. Summary Restricted Fund for FY 2010

  21. The Capital Projects Funds as amended after all appropriation changes by the State and County Governments: The State reimbursed HCPS $14.6 million for the Bel Air High School Project. This amount has been reallocated to fund other capital projects.

  22. Capital Projects Funds continued

  23. Capital Projects Funds continued

  24. The Capital Projects budget reconciliation with the County approved Capital Budget is as follows:

  25. Final Approval of HCPS FY 2010 Budget The Superintendent recommends the approval of the FY 2010 Proposed Budget in the Unrestricted Fund of $417,525,509; the Restricted Fund of $32,701,475; and the Capital Budget of $76,183,528.

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