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WINSTON-SALEM/FORSYTH COUNTY SCHOOLS

WINSTON-SALEM/FORSYTH COUNTY SCHOOLS. 2012-13 BUDGET PREVIEW. First, the Good News!. Projected local budget surplus in 2011-12, which, except for items listed on subsequent slides, should continue to be available in 2012-13 $9.0 million

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WINSTON-SALEM/FORSYTH COUNTY SCHOOLS

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  1. WINSTON-SALEM/FORSYTH COUNTY SCHOOLS 2012-13 BUDGET PREVIEW

  2. First, the Good News! • Projected local budget surplus in 2011-12, which, except for items listed on subsequent slides, should continue to be available in 2012-13 $9.0 million • Savings from remainder of local assistant positions due to be eliminated June 30 $0.75 million

  3. Funding Losses • Federal Jobs Bill Funds $10.5 million • Race-to-the-Top Funds Used to Pay Equity+ Bonuses in 2011-12, but not Available in 2012-13 $1.8 million • Carryover exhausted in Federal Title II CSR $0.4 million

  4. Other Expected Funding Needs • “Temporary” Salary Savings in 2011-12 $175,000 • Already Enacted Increase in Matching Ret. $1.1 million • Already Enacted Increase in Discretionary Reduction $2.2 million • Anticipated Increase in Matching Health Ins. $325,000

  5. Other Potential Funding Needs • Projected Increases in Utility Rates • Potential for Matching Legislated Pay Increases • Potential Losses of Other Federal Funds • County funding might reduce due to lower property tax valuation

  6. Pent-up Needs Due to Budget Cuts • Activity Bus Replacements • Computer Replacements • Textbook Adoptions • Staff Development • Other replacements/enhancements of technology and other tools

  7. Other Potential Sources of Funds • Use Some Portion of Fund Balance That is Accumulated in 2011-12 • Modify and/or Find Another Funding Source for Equity+ Bonuses • If the Board approves, combining Hill and Philo middle schools should save $320,000 annually in utilities and office staffing

  8. Bottom Line • Sources of Funds $9,750,000 • Funding Needs -$16,500,000 • Potential Funding Shortfall -$6,750,000 • Does Not Take Into Account Other Potential Funding Losses, Pent-up Funding Needs, or Other Potential Funding Sources

  9. Next Steps • We have been meeting with a committee of principals and central budget managers • Tentative agreement to recommend use of one-third ($3 million) of fund balance • Still discussing all of the permanent reduction ideas on the next two slides

  10. Ideas for Permanent Cuts • Permanent Pay Cuts? • A 1% reduction in all employees’ annual pay would save $2.5 million • A lesser reduction rate for lower-paid employees is being discussed, and would decrease the annual savings

  11. Ideas for Permanent Cuts • Eliminate Central Office Positions (Some have already been eliminated this year)? • Continue Converting to Contract Cleaning? • “Trial Employment” Temporary Staffing? • New Instructional Delivery Model for AIG? • Teacher Assistant/PRT Allotment Formula? • Reduce Substitute Pay?

  12. Summary • Picture is Somewhat Brighter Than Anticipated • Use of Fund Balance can Help at Least Delay Some of the Pain • Still Hope to Avoid RIFs • Still Hope to Avoid Class Size Increases • Still Lots of Unknowns

  13. Next Steps • Continue meetings with Budget Committee • Work through our normal budget request and budget review process • Continue to Monitor and Update State and County Funding Projections • Make final recommendations to the Board in April

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