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FY 2011 Budget and Forecast Presentation

FY 2011 Budget and Forecast Presentation. Licking Heights Board of Education Regular Board Meeting October 19, 2010. 2010-11 Appropriations by Fund. Estimated Expenditures: General Fund $26,369,590 Bond Retirement Fund $3,416,089 Building Fund $1,500,000 *

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FY 2011 Budget and Forecast Presentation

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  1. FY 2011 Budget and ForecastPresentation Licking Heights Board of Education Regular Board Meeting October 19, 2010

  2. 2010-11 Appropriations by Fund • Estimated Expenditures: • General Fund $26,369,590 • Bond Retirement Fund $3,416,089 • Building Fund $1,500,000 * • Permanent Improvement Fund $1,000,000 • State Grants $15,000 • Federal Grants $1,403,475 • Other Grants $38,779 • Food Service $1,176,511 • Activity Accounts $550,183 * Does not currently include any of the $10M COPS proceeds to be used for construction/renovation

  3. General Fund - Expenditures • Total increase over 2009-2010 – 3.66% • No additional staffing budgeted • Health insurance renewal = 2.4% increase • Reclassification of Flying Colors Preschool services (moved from Purchased Services to Other Expenditures) • All equipment purchases removed

  4. Federal Funds • Multiple Sources: • Consolidated Application • American Reinvestment and Recovery Act (ARRA) • State Fiscal Stabilization Fund (SFSF) • Education Jobs Fund (Ed Jobs) • ARRA and SFSF funds will not be reallocated beyond FY 2011 • Ed Jobs fund will not be available after FY 2012

  5. Consolidated Application • Total Allocation - $715,828 • Currently pays for: • All or a portion of salaries for ten teachers (special education, Title I, ESL, etc.) • Salary for special education secretary • Benefits for three teachers and special education secretary • Professional development for staff • Supplies/materials and equipment needs for special education, Title I and ESL staff

  6. ARRA Application • Total Allocation - $262,410 • Currently pays for: • Salaries for three special education teachers • Salary for special education supervisor • Salary for literacy coach • Funding has not been reallocated beyond FY 2011 • Expenditures will have to be reallocated to general fund beginning in FY 2012

  7. State Fiscal Stabilization Funds • Total Allocation - $560,800 • Currently pays for: • Social Worker at LH West • SRO’s at LH Central and LHHS • LACA Services • Community School Transfer • Early Bird Program at LH South • HS Electric • Funding has not been reallocated beyond FY 2011 • Expenditures will have to be reallocated to general fund beginning in FY 2012

  8. Education Jobs Fund • Total Allocation - $393,256 • Available for expenditure in FY 2011 and FY 2012 (must be spent by 09/30/12) • Unlike other Federal programs, supplanting is allowable (i.e. able to pay staff previously paid from non-federal funds) • Full allocation to be used in FY 2012

  9. Overview of Future Impact on General Fund • $560,800 in SFSF funding ends FY11 • $262,410 in ARRA funding ends FY11 • $393,256 in Ed Jobs funding ends FY12 • Total Impact in FY 2011 - $823,210 • Additional Impact in FY 2012 - $393,256 • Total Impact over 2 years - $1,216,466

  10. Five-Year Forecast • Total Revenues are estimated to decrease by 17.1% from FY 2011 to FY 2015 • Why? • $4.3M operating levy expires 12/31/11 • Over $550K in SFSF funding removed beginning in FY 2012 • 5% reduction in State funding projected in FY 2012 (flat lined from FY 2013-FY 2015) • Reduction in reimbursement related to TPP phase-out

  11. Five-Year Forecast • Total Expenditures are estimated to increase by 34.6% from FY 2011 to FY 2015 • Why? • Additional staffing included in FY 2012 through FY 2015 to accommodate growth needs, ADK and loss of federal funds • Benefits relative to new staff included • Allocations for textbooks added beginning in FY 2012

  12. What does this mean? • The expiring levy will need to be replaced • When and for how much has yet to be determined • Some assumptions may need to be changed • This would include reducing additional staffing positions or possibly cutting existing positions • The final determination regarding the State’s biennial budget is crucial

  13. Questions / Concerns

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