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FY 2009-2010 Budget Preparation & Negotiations Part II – January 12, 2009

FY 2009-2010 Budget Preparation & Negotiations Part II – January 12, 2009. Top 4 Things to Know about School Finance in Iowa. Total amount of money available is based primarily on the number of children a district has.

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FY 2009-2010 Budget Preparation & Negotiations Part II – January 12, 2009

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  1. FY 2009-2010 Budget Preparation & NegotiationsPart II – January 12, 2009

  2. Top 4 Things to Know about School Finance in Iowa • Total amount of money available is based primarily on the number of children a district has. • The tax rate of a district is largely driven by formula. Only a small portion is impacted by the school board. • Certain funds have to be spent on certain things. • Most of our expenses are staff: 81% of ACSD General Fund is made up of staff salaries and benefits.

  3. School Aid - Basics • Certain Funds have to be Spent on Certain Things • Educational program expenditures are funded and equalized by the state foundation formula. • Facility expenditures are funded locally (with some state assistance) and are not under the finance formula.

  4. The Concept of Silos

  5. School Aid - Basics • Basic Principles: • The school aid formula is a child-based formula. • The formula provides funding on a per child basis. • The total amount of foundation formula revenue is the number of children times a cost per child.

  6. School Aid - Basics • Basic Calculations - District Costs • Regular Program District Cost - budget enrollment times district cost per pupil. 4,340.20 students x $5,858 = $25,520,545 • Combined District Cost - sum of Regular Program plus special education, ELL, media services. • What happens if less is spent? Carries forward as unspent budget authority - can be used in future (one-time).

  7. The Concept of Spending Authority

  8. Consequence of Exceeding Budget Authority • Iowa Code Section 257.31.18 stating “If a school district exceeds its authorized budget or carries a negative unspent budget authority for two or more consecutive years, the committee may recommend that the department implement a phase II on-site visit to conduct a fiscal review pursuant to section 256.11, subsection 10, paragraph "b", subparagraph (1), subparagraph subdivision (e)” was added during the 2007 legislative session.

  9. Allowable Growth • Set by Legislative Action for FY 09-10 at 4% (means by which funding formula is increased for a given fiscal year) • Iowa Association of School Board supports rate set at no lower than 6% • Rate of 6% gives school district the ability to better manage spending • Important to maintain spending authority even if it is not funded

  10. Revenue & Expenditures *Preliminary until audit release

  11. FY 07-08 Actual-Revenue

  12. FY 07-08 Actual Revenue

  13. FY 07-08 Actual Expenditures

  14. FY 07-08 Actual Expenditures

  15. Labor Costs as % of General Fund

  16. Student FTE per Teacher FTE

  17. Student to Teacher Ratio

  18. Budget Outlook – New Revenue

  19. Iowa Code Ch. 20 • Salaries and Benefits for All District Employees represent 81% of the Total General Fund Expenditures in FY 2007-08 • Ames Community School District negotiates with 2 collective bargaining units • Ames Education Association (Teachers) • PPME (Custodial and Maintenance personnel)

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