Presentation of Superintendents Budget FY 2015-2016 Budget Calendar - PowerPoint PPT Presentation

Presentation of Superintendent’s Budget FY 2015-2016

 Budget Calendar  State of the State  Operating Budget  Capital Outlay

 January 23-24 – Board retreat  January & February – Meet with Principals and Department Directors  March 2 – Board work session  March 16 – Present Superintendent’s budget to Board of Education

 April 20 – Board adoption of budget resolution  May 15 – Deliver Board of Education budget request to County  May or June – County approves budget

 June 15 – Board of Education approves interim budget  July or August – General Assembly and the Governor approves State budget  September 21 – Board of Education approves final budget resolution

 Budget Calendar  State of the State  Operating Budget  Capital Outlay

New biennial budget for 2015-2017 which will be based on the following assumptions:  Annual revenue growth of 3.9% to 4.1%, or over $1.5 billion during the 2 year period  Improved sales tax growth and consumer confidence  Improving employment outlook  Lower corporate tax revenues as the tax rate is reduced from 6.0% to 5.0%

 Increased education funding by $235M, or 2.8%  Starting salary for Teachers to increase from $33,000 to $35,000  Provides funding for Teachers to move to the next salary tier based on experience  Maintains funding for TA positions  Fully funds ADM growth

 No formal proposal at this time  Funding for Drivers’ education and a portion of funding for Teacher Assistants was designated as non-recurring in the current budget  There was no recurring funding for ADM growth in the current budget

 Budget Calendar  State of the State  Operating Budget  Capital Outlay

Components of the local operating budget:  The current local operating budget adjusted for new funding  New funding includes the estimated costs to continue on-going operations at the current level of service and any new initiatives that are needed to improve or expand the current level of service  Operating expenses that are funded from the GCS fund balance

 “Teacher” supplements include all certified personnel including guidance counselors, social workers, nurses, etc.  In FY 2014-15 we increased the teacher supplement by 3% or $180,000 (50% funded by County) - the first increase in five years  The average supplement changes each year based on the average level of experience for certified personnel and averages 5% of an employee’s total pay WE ARE Gaston County Schools

Average LEA - SIMILAR IN SIZE Supplement Durham (32,263) $ 5,195 Johnston (33,195) 3,785 Buncombe (25,370) 3,662 State Average 3,553 New Hanover (25,088) 3,101 Union (40,248) 3,065 Cabarrus (29,721) 2,509 Gaston (30,977) 2,177 Source: DPI 2014 Table 20 for average supplement DPI 2013 Table A-1 for LEA ADM WE ARE Gaston County Schools

Average LEA - NEIGHBORING Supplement Charlotte-Mecklenburg $ 6,083 (140,161) State Average 3,553 Union (40,248) 3,065 Lincoln (11,571) 2,928 Catawba (16,984) 2,913 Cabarrus (29,721) 2,509 Iredell-Statesville (21,199) 2,477 Gaston (30,977) 2,177 Cleveland (15,329) 1,635 Source: DPI 2014 Table 20 for average supplement DPI 2013 Table A-1 for LEA ADM WE ARE Gaston County Schools

Salary Supplement Increases 3% $1 Million $2 Million Avg. Salary Supplement / Employee (1) $ 2,177 $ 2,177 $ 2,177 Number of Certified Employees 2,160 2,160 2,160 Total Local Supplement $ 4,702,320 $ 4,702,320 $ 4,702,320 Proposed Increase 141,070 1,000,000 2,000,000 Less: Employer Benefit Costs (32,249) (228,600) (457,200) Revised Supplement $ 4,811,141 $ 5,473,720 $ 6,245,120 Revised Supplement / Employee $ 2,227 $ 2,534 $ 2,891 Increase in Revised Monthly Supplement / Employee $ 4 $ 30 $ 60 Employer Benefit Costs (2) 22.86% 22.86% 22.86% Percent increaseof supplement, net 2.3% 16.4% 32.8%

Salary Supplement (i.e. Teachers) $ 1,000,000 K-3 Literacy Teachers (30) 1,960,000 Teacher Assistants (32) 930,000 Assistant Principals (10) 630,000

Curriculum Coaches (12) $ 820,000 Math Support Specialists - Middle (11) 725,000 Secondary Curriculum Facilitators (4) 280,000 Employer Paid Benefit Increase 110,000 Total School Personnel

Drivers’ Education $ 600,000 Extend School Year (4 weeks) 400,000 Professional Development 325,000 Total Instructional Programs $ 1,325,000

Technology: Technology Instructional Support $ 360,000 SmartBoard Maintenance 250,000 Secondary Data Center 580,000 Total Technology $ 1,190,000

Technology $ 1,190,000 Imaging Student Records 300,000 Utilities 225,000 Total Operations $ 1,715,000

School Personnel $ 6,455,000 Instructional/Support Programs 1,325,000 Operations Total New Operational Funding $ 9,495,000

Existing Operational Funding $ 43,816,704 Ongoing Expenses: $ 1,185,000 New Initiatives: $ 8,310,000 New Operational Funding 9,495,000 Total Requested Funding $ 53,311,704

 Will ensure that we address some of our primary funding priorities  Unassigned fund balance totaled $8.4 million at June 30, 2014 (3.5% of revenues)  There is risk associated with funding on-going costs with fund balance  Recommend using $1.0 million of fund balance to increase certified employee salary supplements (i.e. Teachers)

 Budget Calendar  State of the State  Operating Budget  Capital Outlay

 Currently updating our Capital Improvement Plan  County Commissioners have agreed to invest up to $5 million to design one new elementary school and one middle school  Requesting Capital Outlay of $5.2 million for FY 2016 compared to $1.2 million received for FY 2015. This equates to approximately $1.00 per square foot