Richland School District Two 2017-2018 Budget Board Meeting First - PowerPoint PPT Presentation

Richland School District Two 2017-2018 Budget Board Meeting – First Reading April 18, 2017 1

Recap of the Budget Process • Input from Stakeholders • Board Priorities Input • Opportunities at all stakeholder meetings • Opportunities at Board Meetings • Designated Email address for public input • Input from School Level Representatives and Department Leadership • Employee Survey Input • Superintendent’s Extended Kitchen Cabinet evaluates and prioritizes needs/requests. • Superintendent and Budget Team had face to face meetings with Department Leadership and School Level Representatives to gain a better understanding of needs/requests and the related level of priority. • Will continue vetting through communications at Board Meetings and Cabinet meetings to explore additional strategies for meeting the District’s goals with the funds available. 2

Board Budget Priorities *Maintain low Pupil/Teacher ratio. (5) *Increase recruitment efforts to attract the best teachers and administrators nationwide. (5) *Improve middle school achievement. (3) *Maintain the 15% reserve cash balance and be fiscally responsible (3) * Develop and implement a foreign language program for elementary students. (3) * Increased support of elementary literacy programs. (2) * Leadership mentoring programs. Future leader identification. (2) 3

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Key Budget Assumptions * Assumes growth of 350 students * Includes costs associated with opening Jackson Creek Elementary * Assumes revenue projections based on Senate budget, which includes a BSC of $2,435 (increase of $85) * Assumes Teacher Salary schedule increase of step as proposed by State * Assumes a $298,000 value of a Mill as estimated by the County * Assumes a 3.3% increase to the employer cost of health insurance * Assumes a 2.0% Increase in the employer portion of State Retirement Costs (Note: Employees will also see a 0.34% increase in the employee portion of their retirement withholdings.) 5

What has changed since our Last Budget Meeting… The State Department of Education has provided budget projections based on the Senate Version of the Budget. Increases in revenue based on these new projections include: $1.9 million in State Revenue for Fringe Benefits $165k for State Revenue for Teacher Salary Supplement (TSS) Value of a Mill increase based on County’s updated Projections: $2 million 6

What has changed since our Last Budget Meeting… Total Revenue Generated with a 0 Mill Increase $272,431,530 Total Revenue Generated with a Cap of 7.9 Mill Increase $274,785,730 Additional Revenue Generated with 7.9 Mill Increase $2,354,200 7

How we currently use General Fund dollars…. All Other Costs 2016-2017 5.2% Property Contracts & GENERAL FUND Repairs/Maintenance EXPENDITURE BUDGET 3.2% Utilities 4.1% Personnel Costs 87.5% 8

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