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 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%

Ge ne ra l F und & L e a se Re nta l  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 $1,472,466 $1,468,364 $4,102 0.28% L e a se T otal E xpe nditur e s $10,587,147 $10,145,771 $461,314 4.56%

Assumptio ns:  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 nsura nc e – 2 nd lo o k o f 3 – 1% me dic a l & -3.1%  He a lth I 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

Summa ry o f Budg e t-to - Budg e t Cha ng e :  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 o ta l $457,212

F und Ba la nc e s 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 o ta l $713,245 $200,000

Ge ne ra l F und – Re c e ipts fro m Me mb e r Sc ho o l Distric ts 2015/ 16 2014/ 15 $ % Change Change Ge ne ra l F und $7,396,981 $7,268,564 $128,417 1.77% Autho rity $1,472,466 $1,468,364 $ 4,102 0.28% L e a se T otal E xpe nditur e s $8,869,448 $8,736,928 $132,519 1.52%

L o c a l, Sta te & F e de ra l Re ve nue  L o c a l Re ve nue - $78,550 vs. $88,550  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 o ta l sta te $1,174,150 vs. $1,023,270  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

Othe r Budg e ts  Ca pita l Re se rve F un d  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

Othe r Budg e ts  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

Othe r Budg e ts  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

Othe r Budg e ts  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

Othe r Budg e ts  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 o ddle rs & Pre sc ho o l Childre n  F iduc ia ry  Stude nt Ac tivitie s F und – CT SO  Skills USA  HOSA  F F A  PBA

Que stio ns? Ne xt ste p: Ma ke re visio ns Bo a rd a c tio n – Ma rc h 9, 2015