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Public Schools Budget Now and Into the Future

Public Schools Budget Now and Into the Future. Superintendent of Public Instruction Tom Luna Deputy Chief of Staff Jason Hancock JFAC Co-Chair Senator Dean Cameron Bonneville School District Superintendent Dr. Chuck Shackett Cassia County Joint School District Superintendent Gaylen Smyer.

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Public Schools Budget Now and Into the Future

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  1. Public Schools BudgetNow and Into the Future Superintendent of Public Instruction Tom Luna Deputy Chief of Staff Jason Hancock JFAC Co-Chair Senator Dean Cameron Bonneville School District Superintendent Dr. Chuck Shackett Cassia County Joint School District Superintendent Gaylen Smyer

  2. Forecast History

  3. General Fund Budget ReductionsBy the Number (FY2009- FY2011)

  4. FISCAL YEAR 2010 REVENUES 1. Beginning Balance & Reappropriations $5,111,300 2. FY 2010 Actual Revenues (-8.2% from FY09) $2,264,456,700 3. Net Transfers $71,027,400 4. Total Available Revenues $2,340,595,400 EXPENDITURES 5. FY 2010 Total Appropriations $2,353,488,900 6. Reversions (not including H&W) ($13,148,900) 7. Receipts from capital asset sales & insurance settlements $217,900 8. Total Expenditures $2,340,557,900 9. Ending Balance $37,500

  5. FISCAL YEAR 2011 REVENUES 1. Beginning Balance $37,500 2. FY 2011 EORAC Revenue Estimate (+1.1% from FY10) $2,290,000,000 3. Tax Compliance Enhancement to Tax Commission budget $16,445,000 4. Net tax law changes ($1,196,000) 5. Net Transfers $79,634,600 6. Total Available Revenues $2,384,921,100 EXPENDITURES 7. FY 2011 Total Appropriations $2,383,836,000 8. Ending Balance $1,085,100 $37,500

  6. FISCAL YEAR 2012Budgetary Holes to Fill 1. Medicaid Match Rate Shift ($140,000,000) 2. FY 2012 Medicaid Growth ($40,000,000) 3. Replace One-time Money Transferred from BSF & ERRF ($80,000,000) 4. Public Schools Replace One-time Money & Fund Growth ($60,000,000) 5. Restore State Health Insurance Premium Holiday ($15,000,000) 6. State Employee Health Insurance Inflation ($10,000,000) 7. Planned PERSI Rate Increase ($10,000,000) 8. Total Budgetary Hole to Fill ($355,000,000) 9. General Fund Revenue Growth Needed in FY 2012 to raise $355 million in new revenue 15.4%

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