What has changed? Cuts in the reduction plan result in $8 million - - PowerPoint PPT Presentation

Long Range Planning:

Financial and Strategic July 13, 2015 Board of Education Work Session

April Domine, Superintendent Becky Jenkins, Treasurer/CFO

Improved forecast What has changed?

• Cuts in the reduction plan result in $8 million

decrease in expenditures annually.

• New contract with teachers results in dramatic

changes to salary and health care costs.

• Revenues from funding sources (city, state, and

public utilities) are higher than anticipated, includes increased utility values, Village Center TIF payment, and state aid increase.

Improved Forecast Impact on timing of levy request

• Ending cash balance – positive through FY2020
• Based on three year cash balance commitment,

levy must be passed by 2017 to collect in 2018.

• Forecast includes support for critical staffing

needs, including support for enrollment growth.

• Identified areas of priority: Reading

Intervention/coaching; Gifted support & MS/HS class size. Will be continually assessed.

Long term financial plan

Given the hard work of our teachers on new contract, the impact of $8 million in cuts and new revenue as well as support for student needs:

• Fall of 2016 – 4 year levy, timed with

Presidential election.

• Fall of 2017 - request a “no new taxes” vote to

convert 2.0 bond mills that roll off to Permanent

• Improvement. Establishes funding to maintain

the campus for the future.

Long Range Strategic Plan

In order to plan for our future, we must engage the staff and community to revisit and revise our mission, vision and goals/strategies.

• Plan designed in 2010
• 5 year cycles for revisiting the plan
• Important to align vision across our staff and

community.

• Process will include stakeholders and be

scheduled for 15-16 school year.

• Plan will drive our financial planning.

Strategic Plan Vision and Mission from 2010

Mission: To ensure the development of high achieving, ethical, self directed, intellectually curious citizens of the world. Vision: To be the leader in reinventing education

2010 Strategies Guiding the work of last 5 years

• 1. We will reinvent curriculum, instruction, and assessment

through internal and external collaboration to meet the unique needs and interests of every student.

• 2. We will attract, develop, and retain teachers and staff who

advance the vision, mission, and promise of the district.

• 3. We will adopt a philosophy and implement a system to

empower all students to take charge of their learning, growth, and development.

• 4. We will seek creative resources to enhance programming

and encourage innovation and leadership.

• 5. We will provide leadership opportunities for all students,

teachers, and staff.

2010 Strategies Guiding the work of last 5 years

• 6. We will develop the character of each student to be ethical,

informed, and engaged citizens.

• 7. We will educate our students in an inspirational, safe, and

supportive environment in facilities that meet the changing needs of our students.

• 8. We will make available the diverse experiences of our

community to all students.

• 9. We will develop teachers and programs that inspire

students to be globally engaged.

• 10. We will develop an internal and external communications

process that establishes and enhances credibility and trust and strengthens community support.

Discussion