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2012-2013 Superintendent’s Budget

2012-2013 Superintendent’s Budget. Presentation for Providence School Board March 26, 2012. FY2011-2012 Budget Projection. Budget Drivers. Student Achievement

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2012-2013 Superintendent’s Budget

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  1. 2012-2013 Superintendent’s Budget Presentation for Providence School Board March 26, 2012

  2. FY2011-2012 Budget Projection

  3. Budget Drivers • Student Achievement • Class size, curriculum development, professional development, classroom materials, extracurricular activities, innovations schools, common planning time, standards, and assessments • Available Funding from State and City • Changes to School Enrollment • Labor Contract Obligations • Salaries, Benefits, Class Size • Employee Retirement Contributions • State • Local • Vendor Contract Obligations • Transportation • Custodial and maintenance • Outside tuitions

  4. Local Budget Comparison FY 2012 to FY 2013

  5. Budget Expenditure Variances

  6. Budget Expenditure Variances (Continued)

  7. Budget Unknowns • Final State Aid Allocation to the District • Final City Appropriation to the District • Final Federal Entitlements

  8. FY2013 Budget Overview • The Superintendent’s FY2012-13 proposed budget is $330,821,024 • The FY2013 Budget is $22,268,017 or 7.22% higher than FY2012 • Budget increases are driven by: • Labor agreements • Vendor agreements • State regulations and laws • Loss of Stimulus Funding • Loss of Federal Jobs Bill

  9. Budget Revenue Assumptions • State Aid will be calculated without the accelerated funding formula • Governor’s FY2013 Proposed Budget calls for an accelerated funding formula which results in an additional $3.7 million increase for Providence • The City appropriation to schools will remain at the FY2012 amount • City funded 40.47% of FY2012 budget. Level funding of the FY2013 proposed revenue budget is 38.48% • Federal Entitlements will be level funded

  10. Budget Expenditure Assumptions • Eliminating a $6.2 million budget gap • Achieved by: • Approval of Governor's Revenue Proposal • Staffing Reductions • New Initiatives

  11. Budget Expenditure Assumptions (Continued)

  12. Proposed Expenditures $330,821,024 FY 2013 Expenditures

  13. Projected Revenues $324,616,956 FY 2013 Revenues

  14. Budget Schedule (Anticipated) • March 26 Budget Submitted to School Board • April 27 Budget Submitted to Mayor • May 1 Budget Submitted to Council • June Council Budget Hearings • June-July Final State Aid Determined • July Council Adopts City Budget • July-August School Board Approval • July-August Council Approves Ordinances

  15. Questions ?

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