2015/ 2016 Ge ne ra l F und Budg e t MI DDL E BUCK S I NST - - PowerPoint PPT Presentation
2015/ 2016 Ge ne ra l F und Budg e t MI DDL E BUCK S I NST I T UT E OF T E CHNOL OGY F E BRUARY 9, 2015 Upda te No ve mb e r 10, 2014: 1 st L o o k a t Budg e t-to -Budg e t inc re a se : Ge ne ra l F und & L e
MI DDL E BUCK S I NST I T UT E OF T E CHNOL OGY F E BRUARY 9, 2015
Upda te
No ve mb e r 10, 2014: 1st L
inc re a se :
Ge ne ra l F
und & L e a se Re nta l $608,055 o r 7.02%
Unkno wns: He a lth insura nc e c o sts Re tire me nt I
nsura nc e
Utilitie s Sta te sub sidie s F
e de ra l g ra nts
Go a l is to b e a t o r unde r Ac t 1 inde x – 1.9%
Budg e t-to -b udg e t
2015/ 16 2014/ 15 $ %
Ge ne ra l F und $9,114,681 $8,657,469 $457,212 5.28% Autho rity L e a se $1,472,466 $1,468,364 $4,102 0.28%
T
E xpe nditur e s $10,587,147 $10,145,771 $461,314 4.56%
Ne w Spo rts T
he ra py & E xe rc ise Ma na g e me nt Pro g ra m
T
e a c he rs’ Sa la rie s pe r c o ntra c t
Admin & Suppo rt sa la rie s & wa g e s - 2% inc re a se o n 2014/ 15
pa y ra te s
He a lth I
nsura nc e – 2nd lo o k o f 3 – 1% me dic a l & -3.1% pre sc riptio n pla ns le ss e mplo ye e c o ntrib utio ns
Re tire me nt – PSE
RS c e rtifie d e mplo ye r ra te 25.83%
Pro pe rty Se rvic e s – inc re a se in c o st o f c le a ning se rvic e s,
ma inte na nc e , le a se c o st fo r ve hic le & re pla c e me nt c a me ra s MMT
Othe r Purc ha se d Se rvic e s – inc re a se te le pho ne se rvic e Utilitie s – lo we r e le c tric ity & hig he r na tura l g a s – ne t sa ving s Use o f a c c umula te d fund b a la nc e s
Ne w Spo rts E
xe rc ise Ma na g e me nt Pro g ra m $105,924
T
e a c he r sa la rie s – ne t 93,611
Admin & suppo rt sta ff sa la rie s & wa g e s – ne t
27,865
Re tire me nt & sta tuto ry b e ne fits – ne t
244,141
He a lth insura nc e & c o ntra c tua l b e ne fits – ne t
(49,063)
Purc ha se Pro pe rty Se rvic e s – ne t
44,719
Purc ha se d Se rvic e s - ne t
9,656
All o the r – ne t
(19,641)
T
July 1, 2014 Utilize d
Co mmitte d $145,000 $70,000 Adult E duc a tio n $229,620 $52,000 Pro duc tio n Co ntro l $338,625 $78,000 T
$713,245 $200,000
2015/ 16 2014/ 15 $ Change % Change
Ge ne ra l F und $7,396,981 $7,268,564 $128,417 1.77% Autho rity L e a se $1,472,466 $1,468,364 $ 4,102 0.28%
T
E xpe nditur e s $8,869,448 $8,736,928 $132,519 1.52%
L
Sta te Sub sidie s - I
nc re a se Vo c a tio na l E d a nd Re tire me nt Sub sidie s
T
F
e de ra l funding – De c re a se fo r Ca rl D. Pe rkins Gra nt
Pro je c te d fo r 2015/ 2016 = $265,000 Budg e t fo r 2014/ 2015 = $277,085 Allo c a tio n fo r 2014/ 2015 = $265,507
Ca pita l Re se rve F
und
F
unde d a t disc re tio n o f E xe c utive Co unc il using unspe nt c urre nt ye a r b udg e t. Pro po se d $100,000
F
unds use d fo r a c q uisitio n o f pro g ra m e q uipme nt, c a pita l re pa irs a nd ma inte na nc e to fa c ilitie s
T
ra ffic sig na l – c a rryo ve r $30,000
Dig ita l ro a d sig n - c a rryo ve r
35,000
Plumb ing
15,000
Ca mpus lig hting
20,500
Ro o f re pa irs
100,000
Co nc re te
35,000
Ansul fire suppre ssio n syste m
35,000
E
q uipme nt g ra nt ma tc hing funds 50,000
Adult E
duc a tio n $168,596 vs. $157,520
F
a ll & Spring E ve ning pro g ra ms
Custo mize d I
ndustry T ra ining
Ma jo rity re c e rtific a tio n ye a r fo r
E missio ns
Use o f a c c umula te d fund b a la nc e 50/ 50 a llo c a tio n o f Adult E
duc a tio n Co o rdina to r sa la ry & b e ne fits
Pro duc tio n F
und $256,620 vs. $316,408
L
ive wo rk
Aspira tio ns Stude nt Built Mo dula r Ho use Sa lo n E
xtre me
Auto mo tive & Co llisio n Re pa ir Pra c tic a l E
nviro nme nta l L a ndsc a ping
Stude nt F
e e s
Co sme to lo g y K
its
Stude nt wo rkb o o ks F
ie ld T rips
Summe r E
xplo ra tio n
Summe r Sc ho o l Co nso rtium
pro g ra m e nde d summe r 2014
Use o f a c c umula te d fund b a la nc e
Pro prie ta ry F
und
L
i’ l Buc ks Pre sc ho o l
E
duc a tio na l pro g ra ms fo r T
F
iduc ia ry
Stude nt Ac tivitie s F
und – CT SO
Skills USA HOSA F
F A
PBA
Ne xt ste p: Ma ke re visio ns Bo a rd a c tio n – Ma rc h 9, 2015