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Spring Release

Spring Release. Operating Revenues: (page 7). Operating Expenditures: By Object (page 8). Operating Expenditures: By Funding Block (page 8). Grant Revenues (instructional). Instruction Grants : (Base Rates frozen)

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Spring Release

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  1. Spring Release

  2. Operating Revenues: (page 7)

  3. Operating Expenditures: By Object (page 8)

  4. Operating Expenditures: By Funding Block (page 8)

  5. Grant Revenues (instructional) Instruction Grants: (Base Rates frozen) • Base Grants (Estimated student growth 75) 1.1% $ 332,000 • Grades 9-12 • CEU – Work Experience – Reduced by 40% to 60% (360,000) • CEU – ADLC – Reduced by 56% to 44%(100,000) Base Instruction Grants $ (128,000) • Class Size 2% 110,000 Other grants • Inclusive Education Grant 2% 221,000 • Equity of Opportunity Grant – (restructured the formula) (35%) (360,000) • LRDC (100%) ( 50,000) • Administration Claw back - 10% decrease from 4% to 3.6% (313,000) • AISI (100%) (653,500) • Teacher Pension – increased from 10.64% to 12.65% 18.9% 643,600 Total (.9%) $ (578,700) Excluding Growth funding for 75 students of $332,000 and Pension Support $643,600 the net decrease is $1,554,300 or 2.1%.

  6. Grant Revenues (Non-Instructional) Facilities: • Plant Operations & Maintenance (POM) • Restructured formula (9.1%) $(513,000) • Student Growth 3.1% 175,500 Net decrease (6.0%) (337,500) • Infrastructure Renewal (IMR) – (estimate)(20%) (249,400) Sub-total (facilities) (7.5%) (586,900) Other grants • Transportation – fuel subsidy (100%) (143,000) • External - HUG Project Funding (100%)(225,000) Total (8.4%) $(950,000)

  7. Revenues Summary Grants • Instructional ( .9%) (578,700) • Non-Instructional (8.4%) (950,000) Total Grants (2.0%) (1,528,700) Other Revenues • Property rentals (inter district leasing) (100%) ( 51,700) • STEP grants (summer students) (100%) ( 7,800) Sub-total (facilities) (1.3%) ( 59,500) Total Revenues (1.9%) $ (1,588,200) Excluding Growth funding for 75 students of $332,000 and Pension Support $643,600 the net decrease is $2,563,800 or 3.1%.

  8. [Ed Tech 1.0 AISI Coordinator 1.0] [+75 students] SPRINGUPDATE [AISI -1.9; Ed Tech -1.0, Class Size - 6.0]

  9. SPRINGUPDATE Breakdown: EA’s - reduced staffing ( .5) Warehouse - closed effective June 30, 2013 (1.5) Facilities - reduced staff complement (1.0) HUG - Project funding ended (1.0) Change in the format re counting FTE at print shop [10 month vs. 12 month]( .3) Total (4.3)

  10. Expenditures – Certificated Staff Certificated Salaries: • Teachers - Increase class size by .5 (6.0 FTE) $ (596,400) • Teachers - Growth (75 students) 3.6 FTE 357,800 • Teachers - Other reductions (2.9 FTE) (288,300) Sub-total (5.3 FTE) (526,800) • Substitutes - Maternity & Disability Leaves 150,000 • Adjust to Average Teacher Estimates [.5 of 1%](195,900) Total Salaries $ (572,700) Certificated Benefit Changes: • General Benefit reduction (ASEBP) [.2 of 1%] (141,500) • Pension – ATRF increase 19% [from 10.64% to 12.65%]643,600 Total Benefits $ 502,100 Net Certificated – Salary & Benefits $ (70,600) Excluding Pension cost increase of $643,600 – Net savings of $(714,200) in certificated Salary & Benefits.

  11. Expenditures – Non-Certificated Staff Salaries: • Educational Assistants ( .5 FTE) $ (13,300) • Warehouse (1.5 FTE) (99,000) • Facilities (1.0 FTE) (66,000) • Projects (HUG) (1.0 FTE) (92,100) • Substitutes – EA’s & Clerical 30,000 • Adjust to average salary costs and miscellaneous 97,600 Total Salaries $ (142,800) Benefit Changes: • Benefit Costs re above staff changes (60,000) • Pension – LAPP increase 10% from 9.43% to 10.39% 76,000 • Other 6,000 Total Benefits $ 22,000 Total- Non-Certificated Salary & Benefits $ (120,800)

  12. Expenditures – All Staff Certificated: • Salaries ( 5.3 FTE) $ (572,700) • Benefits 502,100 Total Certificated $ ( 70,600) Non-Certificated: • Salaries (4.3 FTE) $ (142,800) • Benefit 22,000 Total Non-Certificated $ (120,800) Total Wages & Benefits $ (191,400) Total Wages & Benefits - $62,893,100 with Staff of 682 FTE A decrease of ($191,400) represents a (.3% of 1%) Exclude Teacher Pensions (funded) – the decrease is ($835,000) or (1.3%).

  13. Expenditures – Services, Contracts and Supplies • Instruction: • AISI $ ( 99,100) • PUF $ ( 30,800) Site Based : • School Supplies Budgets $ 14,200 • Work Experience $ (324,000) $ (439,700) • Plant Operations & Maintenance • Warehouse $ ( 5,000) • Utilities – Electricity, Gas, Water $ (105,000) • IMR projects $ (260,800) • Other supplies & services $ ( 79,100) $ (449,900) • Transportation $ 73,000 • Board & Administration • Software Support (Bellamy) $ (150,000) • Information System (Conversion & Training) $ (110,000) $ (260,000) • External • HUG Project $ (116,000) • Other - various $ 2,300 Total (7.5%) $(1,190,300) Total Services, Contracts and Supplies = $14,586,700.

  14. SPRINGUPDATE

  15. SPRINGUPDATE Operating Budget – Reflects a deficit of $245,000 – which is the approximate cost of the District PD initiative (replacing AISI).

  16. Key Changes • Class Size increased by .5 (6.0 FTE) ($ 600,000) • Two senior Educational positions (Ed Tech & AISI Coordinator) cut out of central office (2.0 FTE) ($ 200,000) • Other AISI cuts (left in $253,800 subs) ($ 300,000) • Warehouse Closed (1.5 FTE) ($ 130,000) • Facilities – reduced one position (1.0 FTE) ($ 80,000) & cut to supplies and services by (including IMR of $261,000) ($ 450,000) • School – CEU sharing – reduced ($ 324,000) • Information System – savings ($ 260,000) These are the keys cuts amounting to ($2.3) million, there were others and there were some increases – net is a budgeted deficit of ($245,000).

  17. Capital Budget

  18. Reserve Budget

  19. Reserve Benchmarks

  20. Fall Update – Reserve Benchmarks

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