Budget Workshop Meeting Overview of the Budget Components: - - PowerPoint PPT Presentation

Budget Workshop Meeting Overview of the Budget Components: Administrative, Program, and Capital and Preliminary Recommendations

March 8, 2017 Presenter: Mr. Joseph Jimick Assistant Superintendent for Finance and Operations Every Scholar. Every Day. Every Classroom.

Agenda

• Budget Planning process parameters
• Property Tax Cap
• Community Schools Aid
• Budget Gap
• Three Component Budget: Administrative, Program, and Capital
• Salaries and Benefits % of total budget
• Possible Budget Cuts
• Next Steps

Every Child: Our Core Mission Foundational Principles of the Budget Planning Process 2017-2018

• Academic Return-on-Investment

– Achieving Evidence of Success Goals in academics and operations

• Cost Effectiveness

– Strategically utilizing resources efficiently and effectively

• Mission-Critical Budgeting

– Understanding the importance of driving student outcomes to justify the dollar amounts expended

Property Taxes Tax Levy Limit

2016-17 Adopted Budget 2017-18 Proposed Budget Increase Percentage Increase Property Taxes 27,205,747 27,561,990 1.31% The Tax Cap Formula for 2017-2018 is a 1.31 % increase.

WE WILL NOT OVERRIDE THE TAX CAP IN SPITE OF OUR BUDGET CHALLENGES.

Community Schools Aid

• Guidance Update: We have consulted representatives from

State Education, and have received feedback on two items

• Because the Governor’s Executive Budget is a proposal,

there is no formal guidance on how the Community Schools Aid is to be used

• It is not anticipated at this point that School Districts who

began programs in the 2016-2017 school year, using Community School Aid Set aside funding, would need to use the 2017-2018 to start all new programs

Budget Gap

• If we can use the full allocation of the Community Schools Aid

Set aside for the support of programs which used Community Schools Aid in 2016-2017, the budget gap narrows to 3,482,822 Note: This budget gap does not include the use of fund balance.

Three Component Budget Analysis (APC)

8% 5% 88% Administrative Capital Program

Budget Composition $99,959,424

46% 28% 5% 21% Salaries Benefits Debt Service and Transfers Other Items

Possible budget cuts and Estimated Savings Overview

• The following slides identify 6.0 million dollars of program,
• perating and budgeted expenditures which have the

potential to be removed from the overall budget

• At this time 3.5 million dollars of reductions are needed in
• rder to close the budget gap

Possible budget cuts and Estimated Savings

• $936,000 Change from Full Day Kindergarten to Half Day

Includes Salary and Benefits

• $1,371,817 PACE Academy Includes Salary and benefits

and $100,000 to cover building operating costs, supplies and contract services

• $640,000 Transfer to debt service to offset future fiscal cliff
• $500,000 Across the board cuts to contract services and/or

supplies

Possible budget cuts and Estimated Savings

• $130,000 No additional Clerical Staff to HR or Business office

Budgeted 3

• $75,000 No additional Staff to Operations or Maintenance

Budgeted 2

• $160,000 Additional Grant Writer and Reading Coordinator
• $216,500 Keep E-TECH Principal and MS AP in Grants for
• ne more year

Possible budget cuts and Estimated Savings

• $36,000 Reduce 1 building level Clerical 17 to 16 FTE
• $610,989 Reduce 10 FTE K-6 from 108 to 98 FTE two were

new or vacated for a net reduction of 8 FTE

• $153,054 No additional special at ELC and reduction of 1 K-

6 special

• $593,191 Reduce 10 FTE 7-12 From 121.5 to 111.5
• $49,500 Reduce 2 Paraprofessionals 25 to 23 FTE
• $22,500 Reduce 1 security

Possible budget cuts and Estimated Savings

• $75,000 Reduction of Recess Monitor costs

from $460,000 to $365,000

• $25,000 Reduction of Co-Curricular and Athletics

Stipends

Possible budget cuts and Estimated Savings Special Education

• $122,000 Reductions of Itinerant Services
• $253,000 Move back of graduates and others to district
• $83,000 Reductions of Health Aides

Questions?