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Cutting Fundings

Cutting Fundings. Power Point and Solution by: Karl Bludworth Zach Schroeder Divya Warrier Tricia Mackey Shane O’Connor. Mrs. Hoctor’s 7 th Grade Advanced Language Arts Class. Problem. We are in debt!. Solution.

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Cutting Fundings

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  1. Cutting Fundings Power Point and Solution by: Karl Bludworth Zach Schroeder Divya Warrier Tricia Mackey Shane O’Connor Mrs. Hoctor’s 7th Grade Advanced Language Arts Class

  2. Problem We are in debt! Solution We will cut funding for employees by cutting their salaries and benefits. We spend 73.5 % of our money on employees.

  3. Assistance • http://www.lakotaonline.com/files/filesystem/2009%20PAFR_uses.pdf • Gives us exact numbers and percentages for what we spend money on • http://www.lbo.state.oh.us/123ga/publications/biennial/ohiofacts/21.cfm • Gives us exact percentages of what most schools spend money on • State • Will aid so that we will get out of debt • Illegal for a public school to be in debt

  4. Resistance • Teachers/Families of teachers • Strike • Quit • Pro-Teacher Organizations • Lakota Education association • PTA/PTO

  5. Current Action Plan • We will cut approximately 33.33% of the employee benefits • save about $9.5 million based on having 1750 employees • leave $19 million for employee benefits • will bring us out of debt for now • will affect the staff only • students will not be forced to adapt to the changes • estimating that we will be $18.5 million more in debt within the next two years.

  6. Current action plan (cont.) • set specific health plans • allow teachers that have been working for Lakota for a longer period of time get better health benefits • For the first 5-10 years the an employee will have the Basic Health Plan • Not including if their children have special needs or other disorders. Otherwise, the teachers may get a higher level health plan earlier. • After the Basic Plan the an employee can have the Choice Health Plan for the next 15-25 years • Once again not including if said employee has children with needs or disorders • After those years said employee can have the Classic Health Plan. • This can reduce spending and only have the best health plan for the teachers that will stay for a long time • We will have a small increase in the percentage of insurance payed for by Lakota

  7. Long Term Action Plan • To not be in debt we will gradually reduce the employee’s salaries • This will help the teachers adapt to the reduction of their salaries and better plan ahead • We can measure the effectiveness of the plan • noticing how many teachers are quitting • how much money we are making.

  8. Cons Pros • We earn the maximum amount of money • We protect the classroom (for the most part) • Encourages employees to stay longer • Less salary for teachers who won’t stay • Employees get less benefits • Employees gain less salaries • May put us back in debt

  9. Employees' Retirement/Insurance Benefits Amount Spent Fiscal Year http://www.lakotaonline.com/files/filesystem/2010-2014%20Five-Year%20Forecast_Oct2009.pdf

  10. THANK YOU We appreciate your time and interest!

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