Huron Valley Schools Fiscal Facts V

1. Huron Valley SchoolsFiscal Facts V PowerPoint Presentation Fall 2004

2. General Fund Revenues by Source Fiscal Facts V, page 32

3. Foundation Allowance ( 1) Amount was reduced by $53 in 02/03 due to State’s budget concern, a reduction of $548,000 to Huron Valley Schools (2) Amount was reduced by $74 in 03/04 due to State’s budget concern, a reduction of $791,000 to Huron Valley Schools (3) Preliminary Fiscal Facts V, page 12

4. Sources of State & Local Revenues Fiscal Facts V, page 5

5. Changes in Tax Policy • “Income tax policy changes enacted from 1994 to 2002 resulted in a $155 million loss of revenue for the School Aid Fund for Fiscal Year 2002. • Sales and use tax policy changes from 1994 to 2002 resulted in an $85.7 million reduction in SAF revenues for Fiscal Year 2002. • Changes in tax policies for property taxes from 1994 to 2002 resulted in a reduction of $145 million in reduced SAF revenues for 2002. Fiscal Facts V, page 7

6. Changes in Tax Policy (continued) • Miscellaneous tax policies (Renaissance Zones, Brownfields and other changes targeted at economic development) resulted in a reduction of SAF revenue of $163 million. (That is after netting out reimbursements paid for certain Renaissance Zone exemptions.) • The total impact of the aforementioned tax policy changes resulted in$549 million lessfor 2002 than would have otherwise been available.” • Source: MSBO Email “What is Happening in Lansing” October 30, 2003 Fiscal Facts V, page 7

7. State’s General Fund Contributions since 1993/94 Fiscal Facts V, page 8

8. One-Time Revenue Sources Fiscal Facts V, page 9

9. Oakland County School Districts – Ranking by Foundation Allowance Fiscal Facts V, page 33

10. Impact of Differences in Foundation Allowance Fiscal Facts V, page 34

11. Expenditures Fiscal Facts V, page 17

12. Huron Valley Schools Budget Cuts1999/2000 – 2004/05 Fiscal Facts V, page 18

13. Huron Valley Schools Budget Cuts • Examples of HVS budget cuts: • ___ management positions between 1999/00 and 2004/05 • Elimination of elementary and special education para-educators • Reduction in custodial services • Initiation of pay-to-participate at middle school and high school levels • Increased lunch prices • NEED TO COMPLETE… Fiscal Facts V, page 18

14. Effectively Positioning HVS for the State Economic Downturn • Educated staff and community on Proposal A • Supported Intermediate School District special education millage resulting in over $2.6 million for Huron Valley • Eliminated need to borrow; saved interest expense of approximately $30,000 each year for 2002/03, 2003/04 and 2004/05 • Reduced budget 4 of the last 6 years, totaling approximately $11 million • Expanded health care options at reduced cost to district • Worked in consortiums and with other groups for various purchases • Natural gas • Electricity • Paper • Financial software Fiscal Facts V, page 21

15. Safeguarding our Financial Future • Lead efforts for community-wide partnership in lobbying the State for full funding of K-12 programs • Initiate programs and services that draw new students to the district • Develop health care/benefit options for staff • Maintain adequate stabilization fund balance • Develop program/service reduction contingencies • Implement budget process which includes gathering input from stakeholders Fiscal Facts V, page 23

16. Protecting Teaching & Learning NEED TO UPDATE Fiscal Facts V, page 25

17. What Can You Do? • Volunteer as a member of the Huron Valley Schools Financial Task Force • Write letters to your legislators indicating support of full funding for K-12 education • Talk to your friends and neighbors about the crisis in the State’s K-12 funding and encourage them to get involved Fiscal Facts V, page 28