Board of Education Headlines Budget Development Process Budget - - PowerPoint PPT Presentation
Board of Education Headlines Budget Development Process Budget Development Process January 5, 2012 Board Policy effective and transparent oversight of the fi fiscal condition of the district and of the l diti f th di t i t d f th
Board of Education Headlines Budget Development Process Budget Development Process
January 5, 2012
Board Policy
fi l diti f th di t i t d f th fiscal condition of the district and of the allocation of funds to meet Ends policies
Presentation Presentation
P O i N S
2012/2013 Reductions 2012/2013 Reductions
We were at $30.0M - $35.0M
– State September Revenue Forecast
C t P j ti $20 0M $25 0M
– State December Revenue Forecast
“Colorado’s economy has gained momentum” Gover or’s Office of State Pla i g & B dgeti g Governor s Office of State Planning & Budgeting
How much state funding?
uc state u d g?
J ff ) Jeffco)
( )
Oth i i bl
What happens at the State i t J ff impacts Jeffco…..
“Even with the increase in revenue projected by this forecast General Fund revenue forecast, General Fund revenue in FY 2012-13 is expected to still be $286.6 million or 3.7 percent below its pre-recession level in below its pre recession level in 2007-08.”
Governor’s Office of State Planning & Budgeting
Budget Process – To-Date Budget Process To Date
Citizens’ Budget Academy Budget Work Groups Grassroots School & Department Mtgs Grassroots School & Department Mtgs. Citizens’ Budget Advisory Council
Budget Process – next steps g p (as determined by the Board)
– January 28th – January 28th
M J – May - June
– Throughout – January 5th, 19th – February 2nd
Underlying Values
All about student achievement – All about student achievement
– Tough times be thoughtful
– Not out of the woods
p y community
Information Summary Information Summary
Grassroots Survey Grassroots Survey Budget Workgroup Recommendations P i i i d R d i Li Prioritized Reduction List
Grassroots Survey Grassroots Survey
> 2,900 respondents
High level pulse on community values (perspectives & perceptions) (perspectives & perceptions) What we learned….
Survey Results Activity 1 Survey Results Activity 1
all levels (This impacts levels (This impacts the class size at the class size at the elementar the elementary level and level and elective choices elective choices
5% 8%
y at the secondary level.) at the secondary level.)
Reduce total number of teachers by 200 - $14 060 000
5%
200 $14,060,000 Reduce total number of teachers by 300 - $21,090,000
59% 28%
Reduce total number of teachers by 400 - $28,120,000 Reduce total number of teachers by y 500 - $35,150,000
Survey Results Activity 1 Survey Results Activity 1
2.
Compensation Select your preference: preference:
12%
Reduce compensation for all $
21% 12%
staff by 3% - $15,000,000 Reduce compensation for all ff b 4% $20 000 000
67%
staff by 4% - $20,000,000 Reduce compensation for all staff by 5% $25 000 000 staff by 5% - $25,000,000
Survey Results Activity 1 Survey Results Activity 1
entral & School-based School-based (This (This includes principals, assistant principals, central directors includes principals, assistant principals, central directors & & managers, and managers, and professional technical staff.) professional technical staff.)
Reduce number of administrators by
33% 39%
Reduce number of administrators by 10 - $1,066,000 Reduce number of administrators by
29% 39%
y 20 - $2,132,000 Reduce number of administrators by 30 $3 198 000
29%
30 - $3,198,000
Survey Results Activity 1 Survey Results Activity 1
entral & School-based (This includes School-based (This includes facilities staff, custodial, secretaries, and facilities staff, custodial, secretaries, and technicians.) technicians.)
Reduce number of support staff
49% 24%
pp by 20 - $1,000,000 Reduce number of support staff by 40 $2 000 000
49% 27%
by 40 - $2,000,000 Reduce number of support staff by 60 - $3,000,000 by 60 $3,000,000
Survey Results Activity 2 Survey Results Activity 2
feel are the the most most
Class size
important important to preserve. to preserve. Please Please rank them from 1 to 6 in rank them from 1 to 6 in
importance with 1 being being your highest priority. your highest priority.
Maintenance of facilities and grounds Transportation Technology and 21st century learning Athletics
1 2 3 4 5
Choices in electives
Survey Results Activity 3 Survey Results Activity 3
1.Which would be 1.Which would be your preference? your preference? Select one: Select one:
Preserve compensation levels 37% 37% Preserve jobs 64%
Survey Comments - Themes Survey Comments Themes
Frequency General Area of Comment 8% TOSA/Instructional Coaches 4% Central Administrative Staff 6% Salary Reduction (support) 5% Pay reductions based on performance & qualifications y p q (merit) 3% Salary Reduction (against) 3% Close facilities 3% Close facilities 3% More furlough days 3% Early retirement options 3% Four da school eek 3% Four day school week 2% Cut Administration before teachers 2% Decrease busing 2% Cut Athletics 2% Increase Revenue
Prioritized Reduction List Prioritized Reduction List
Two-year plan
I l d ddi i l di i id
recommendations from CBAC
Summary of headlines……
Ten Million Ten Million
I W lki
Distance
Employees ( 9% Salary Employees (.9% Salary Decrease)
Instruction
Twenty Million
F d i Foundation
at Option Schools
y Principals
29 Custodians
I f ti T h l
Thirty Million Thirty Million
R d C it l T f
4 Middl L l S i
Lib i Libararians
Forty Million Forty Million
82 7 El t T h
64.5 Senior High Teachers
10 3 O ti S h l T h
Fifty Million Fifty Million
Music Teachers Music Teachers
Librarians Librarians
Librarians
16.7 Middle Level Teachers
Sixty to Seventy Sixty to Seventy Million
Choices Choices
Sustainable Plan Sustainable Plan
Economic Uncertainty – January 5, 2012
$660,000,000 $620,000,000 $640,000,000 $560 000 000 $580,000,000 $600,000,000 $520,000,000 $540,000,000 $560,000,000
2011/2012 Adopted Budget Revised General Fund Revenue Projections Rvsd 1/4/12
School Finance Funding School Finance Funding
Fiscal Year Total Program Funding Per Pupil Funding Funded Pupil Count Year Funding Funding Pupil Count
2008/2009 $ 547,070,054 $ 6,704 81,598 2009/2010 $ 575,415,591 $ 7,069 81,397 2010/2011 $ 538,903,110 $ 6,637 81,192 2011/2012 $ 509,264,438 $ 6,286 81,022 2012/2013 $ 498,724,438 $ 6,166 80,877
Financial Outlook – 2012/2013 Current Budget Assumptions
Fiscal Year Projected Reductions Impact on Reserves Fiscal Year Projected Reductions Impact on Reserves
2010/2011 $13.8 M ($23.6 M) 2011/2012 $37.5 M ($32.7 M) 2012/2013 $25.0 M ($27.1 M) 2013/2014 $35.0 M ($4.6 M) 2014/2015 $0.0 M $0.9 M 2015/2016 $0.0 M $4.3 M
Total Reductions Reserve Balance
EOY 2016/2017
$111.3 M $78.7 M
C t A ti Current Assumptions Items Will Be Negotiated g
Compensation Assumptions 2012/2013
Description $ Impact
Steps & COLA Steps & COLA Levels Legislated PERA Increases $4.1 M Retirement & Turnover Savings (including PERA) ($4.5 M) 2011/2012 Furlough Days 2 day reinstatement $5.0 M Net Compensation Impact $4.6 M
Proceeding with Caution Proceeding with Caution
Key Messages
Strategically Conservative