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2010-2011 Budget Work Session

2010-2011 Budget Work Session. January 25, 2010. Personal and Academic Success for All!. 2010-2011 Proposed Budget – Process. UPCOMING MEETINGS: Wednesday, January 27, 6:30 p.m. Johnson Elementary School Media Center - PTO Thursday, January 28, 6:30 p.m.

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2010-2011 Budget Work Session

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  1. 2010-2011 Budget Work Session January 25, 2010 Personal and Academic Success for All!

  2. 2010-2011 Proposed Budget – Process UPCOMING MEETINGS: • Wednesday, January 27, 6:30 p.m. • Johnson Elementary School Media Center - PTO • Thursday, January 28, 6:30 p.m. • Walker Upper Elementary Media Center - PTO • Wednesday, February 3, 6:30 p.m. • Venable Elementary School Library - PTO • Friday, February 5, Noon • PTO lunch meeting at Wood Grill on Rt. 29 • Monday, February 15, 6:30 p.m. • Community Comment on the 2010-2011 Proposed Budget, CHS B Commons

  3. 2010-2011 Proposed Budget-General Fund How much have we lost in state funding? Answer: It depends on where you start… FY2009 original budget: $21,123,301 FY2010 original budget: $19,268,973 (-8.78%) FY2011 proposed budget: $18,207,611 (-13.80%) About half of the approximately $1 million reduction from 2010 to 2011 has been reflected in the numbers presented here, showing as 2010 revised budget.

  4. 2010-2011 General Fund Summary Highlights of Proposed Budget • No salary increases or new positions recommended • VRS rate increase is major factor in increased costs • 1.15 million including removal of 3 month waiver • State budget reductions • 336K technology funding moved to local funding in general fund • 197K additional reductions ADM based and incentive funds • Uses SFSF funds to offset shortages in Basic Aid (258K) • No change to composite index • Reduction in City funding • 129K

  5. 2010-2011 General Fund Summary Highlights of Proposed Budget • Benefit increases were not passed on to employees • VRS 1 percentage point • Health insurance • Balanced budget is a mix of one time uses of funds, stimulus, permanent, and short term reductions. • 245K stimulus (one time) • 300K PREP fund balance (short term) • 100K reduction in furniture, tech replacement, copiers (short term)

  6. 2010-2011 Budget Work Session January 25, 2010 Personal and Academic Success for All!

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