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2014-2015 Superintendent’s Budget

2014-2015 Superintendent’s Budget. Presentation for Providence School Board April 16, 2014. FY2015 Budget Overview. The Superintendent’s FY2015 proposed budget is $345,189,236 The FY2015 Budget is $7,769,136 or 2.30% higher than FY2014

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2014-2015 Superintendent’s Budget

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  1. 2014-2015 Superintendent’s Budget Presentation for Providence School Board April 16, 2014

  2. FY2015 Budget Overview • The Superintendent’s FY2015 proposed budget is $345,189,236 • The FY2015 Budget is $7,769,136 or 2.30% higher than FY2014 • Department requests for FY2015 had a budget gap of $29,004,564 • No Layoffs • State Aid is 62.0% of the local budget • City Aid is 36.2% of the local budget

  3. New Increases for FY 2015 • Contractual Wage Increases $5.42 Million • Benefit Increases $.985 • Charter & Tuition School Increases $3.41 Million • Decrease Walking Distance (3 to 2.5) $.5 Million • Opening West Broadway $1.54 Million • 1 Administrator, 10.9 Teachers and 2 Clerks

  4. Contractual Increases

  5. Benefit Changes

  6. Staff Increases

  7. Closing the Gap

  8. Local Budget Comparison FY 2014 to FY 2015

  9. FY 2015 Projected Expenditures $345,189,236

  10. FY 2015 Projected Revenues $345,189,236

  11. How Much of the FY 2015 Budget is Fixed?

  12. Current Budget Unknowns • Final Revenue Allocations to the District • Final Federal Entitlements

  13. Academic Achievement Initiatives • Full Implementation of Peer Assistance & Review (PAR) • 16 PAR FTE’s in total • The semester 4 x 4 high school schedules allow extra opportunities for students to earn credits or recover needed credits for graduation • The Seven Block Schedule and the Six Block AB schedule at the Middle Schools adds an additional academic period or class each day which can be used for interventions, enrichments or added curriculum • In order to meet RIDE requirements around Career and Technical Education, each high school now offers a CTE strand

  14. Budget Schedule (Anticipated) • April 16 School Board Votes on Proposed Budget • April 17 Budget Submitted to Mayor • April 29 Budget Submitted to Council • May Council Budget Hearings • June Final State Aid Determined • June 12 Council Adopts City Budget • July-August School Board Approval • July-August Council Approves Ordinances

  15. Questions ?

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