EPS Funding 4 A look at where we get and spend our money Planning - - PowerPoint PPT Presentation

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EPS Funding 4 A look at where we get and spend our money Planning - - PowerPoint PPT Presentation

Oct 24, 2023 253 likes •377 views

EPS Funding 4 A look at where we get and spend our money Planning for 2013-14 - Staff Update School Funding 5 A formula for confusion? The formula allowance The general fund Main source of school The school district funding; a dollar

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SLIDE 1

A look at where we get and spend our money

EPS Funding

Planning for 2013-14 - Staff Update

4

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SLIDE 2

School Funding

A formula for confusion?

The formula allowance Main source of school funding; a dollar amount per “pupil unit” set by the state. The general fund The school district checkbook; pays for

  • perating expenses

(i.e. salaries, fuel, supplies, equipment, utilities)

Planning for 2013-14 - Staff Update 5

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SLIDE 3

General Education Funding Formula

Historical Comparison of Actual Formula & Net Formula Allowance (less shifts)

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SLIDE 4

Where does EPS get its money?

General Fund Revenue by Source

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Property Taxes 29% Other Local 2% State 67% Federal 2%

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SLIDE 5

Where does EPS spend its money?

General Fund Expenditures by Object

Salaries 62% Benefits 20% Purchase Services 9% Instructional Supplies 5% Capital Expense 4%

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SLIDE 6

Where does EPS spend its money?

General Fund Expenditures by Program

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Instruction 47% Instruction- Special Ed 16% Instructional & Pupil Support 14% Site, Building, and Equipment 14% Administration 4% District Support 3% Fixed 4%

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SLIDE 7

Commitment to fiscal stewardship and focusing of resources on direct instruction

Maintaining a Balanced Budget

Planning for 2013-14 - Staff Update

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Financial Management in EPS

Planning for 2013-14 - Staff Update 11

¨ Maintain fund balance according to

Board Policy

¨ Continue to balance revenue with

expenses

¤ Targeting available resources on

educating students

¨ Maintain systems that ensure financial stability

¤ Long range financial planning systems

¨ Maintain strong bond rating

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SLIDE 9

EPS Budget History

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General Fund Revenue & Expense

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SLIDE 10

BRRRG History by Area (dollars)

2007-08 thru 2013-14

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¡$-­‑ ¡ ¡ ¡ ¡ ¡$500,000 ¡ ¡ ¡$1,000,000 ¡ ¡ ¡$1,500,000 ¡ ¡ ¡$2,000,000 ¡ ¡ ¡$2,500,000 ¡ ¡ Est ¡2013-­‑14 ¡ 2012-­‑13 ¡ 2011-­‑12 ¡ 2007-­‑2011 ¡

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SLIDE 11

BRRRG History by Area (percent)

2007-08 thru 2013-14

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0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% Est 2013-14 2012-13 2011-12 2007-2011