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U#46 FY’11 Budget Board Approved – 1/21/10

U#46 FY’11 Budget Board Approved – 1/21/10. Overview Essex High School (EHS) Budget General Fund – Including Tax Implications Capital Plan Center for Technology, Essex (CTE) Budget General Fund. Board Guidance.

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U#46 FY’11 Budget Board Approved – 1/21/10

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  1. U#46 FY’11 BudgetBoard Approved – 1/21/10 Overview Essex High School (EHS) Budget General Fund – Including Tax Implications Capital Plan Center for Technology, Essex (CTE) Budget General Fund

  2. Board Guidance • Maintain the high level of educational quality presently found in the District. • Support the essential elements of the School Action Plan analyzing current practices as well as unfunded requirements and adjusting as necessary for enrollment. • EHS Budget • Be sensitive to the burden on the tax payers. • CTE Budget • Maintain a level assessment for sending districts.

  3. At A Glance • EHS General Fund • Expense budget = $22,182,502 • Represents an increase of $94,921 or 0.43% • Factoring in additional revenues, Education Spending shows a decrease of $2,623 or -0.02% • Sustains lower level of expense – FY’10 budget decreased 2.6% & FY’11 budget remains $500K below FY’09 • U#46 Capital Plan • 1% of the EHS General Fund budget = $221,825 • CTE Budget • Expense budget = $8,449,228 • Represents an increase of $248,909 or 3.04% • Factoring in additional revenues for increased enrollment, tuition will be the same or lower than FY’10

  4. EHS General Fund

  5. Educational Quality

  6. Enrollment Projection • FY’10 projection was for 1,371 but the Oct 1 count was 1,380 (approx 0.7% variance) • 5 less tuitioned, 13 more ET & 1 more EJ • FY’11 projection shows significant drop in all three areas • Most tuitioned students come from Westford, Georgia, Grand Isle and South Hero • ET forecasted to settle at about 550 • EJ forecasted to settle at about 500

  7. EHS Overview Draft Budget Started at $541,585 Compare to 2.2% inflation

  8. EHS Overview Supplies, Equipment, Routine Maintenance, Travel, Testing Materials, Books, Copiers, Postage, etc. 8

  9. EHS Overview (1.1%) (1.3%) 9

  10. Significant Budget Changes Salary & Benefit Expense • Since Salary and Benefit costs make up 70% of the budget, even inflationary adjustments such as pay raises or health rates cause significant budget increases. However, this situation was greatly diminished in FY’10 and FY’11 due to staffing reductions. • Salaries – Minor staffing increases and cost of living are offset by course section reductions due to declining enrollment. See next slide. • Benefits – Staffing reductions help to minimize cost increases in benefits. Health insurance rate increase is 3% for FY’11. 10

  11. Staffing Adjustments

  12. Significant Budget Changes Tech Tuition Expense • Tech tuition paid for EJ and ET students attending technical centers (largely CTE). • The EHS six-semester average increased by 1.4. • CTE held total tuition stable; State’s on-behalf payment increased. Special Education Expense • SpEd tuition is driven by necessary outside placements – the increase is 2%. • The Professional Service increase relates to an Autism consultant contract that is in place for FY’10, but was not budgeted. • Increased SpEd revenues offset these minor increases. 12

  13. Significant Budget Changes Maintenance • Requirements in this area are prioritized each year. The FY’11 increase is driven by a project to reconfigure the gym to create a 3rd basketball court . Technology • These requirements include telephones, telecommunications, hardware and software. Hardware requirements are prioritized each year. Prior year investments in technology hardware and software licenses resulted in a decreased requirement for FY’11. Transportation • The increase in this area is associated with the addition of a contracted bus route to/from the islands to bolster tuitioned student enrollment. 13

  14. Significant Budget Changes Debt Expense • The majority of this requirement is for long term debt. CTE pays for its share of the OneCampus & Library projects. Interest payments decrease each year and we were also able to apply some State Construction Aid to offset the expense. • Short term debt, to ensure positive cash flow, is another requirement in this line. Act 130 improved our cash flow which decreased our need to borrow. Other • This category includes hundreds of line items for supplies, equipment, routine maintenance, travel & conference, testing materials, books, copiers, postage, etc. • While there are many individual changes, book purchases represent a significant decrease. The Math and Science Departments both made large book purchases in FY’10. 14

  15. Significant Budget Changes Revenues • Driven by an anticipated drop of 25 tuitioned students in FY’11. However, the addition of a bus route to the islands should reduce that impact by at least three students. Also, the drop in students is partially offset by an increased tuition rate. • Application of surplus from FY’09. • Minor increases in student needs (and associated costs) result in a higher level of SpEd revenues from the State. • Adjusted downward to be more in line with recent interest earnings. 15

  16. Tax Calculations BEA set by Legislature – no allowance for inflation If all students in EJ & ET were Gr 9-12 EJ up from 34.59% ET down from 37.35% EJ down from 98.78% ET down from 98.31%

  17. Tax Rate Comparisons/Implications - Homestead rate increase would be $0.004 if base rate and Gr 9-12 % had not increased - Income Sensitivity increase would be 0.01% without Gr 9-12 % increase ET impacts artificially lower than EJ due to a decrease in % of Gr 9-12 students

  18. Summary • EHS General Fund • Attempted to reduce costs to the maximum extent possible without impacting educational quality • Made staffing reductions in line with student enrollment decline • Leveraged fund balance and State Construction Aid to offset expense increases • Overall expense increase held to 0.43% with Education Spending decrease of -0.02% 18

  19. U46 Capital Plan

  20. U46 Capital Plan Limited to 1% of EHS General Fund budget

  21. ProFoods Classroom/Freezer 21

  22. ProFoods Classroom/Freezer 22

  23. CTE General Fund

  24. Six Semester Average Increase of 17.62 students FY'12 Estimated • Actual amounts may differ slightly from DOE due to rounding.

  25. CTE Overview Expenses reduced enough to come in below $15,100 (FY’11 Announced Rate)

  26. CTE Overview Supplies, Equipment, Routine Maintenance, Travel, Testing Materials, Books, Copiers, Postage, etc. 26

  27. CTE Overview 27

  28. Significant Budget Changes Salary & Benefit Expenses • Salaries – Reflects the equivalent of one additional teacher associated with increased academic support for additional students - although there are many other adjustments (up & down). See next slide. • Benefits – Staffing increase drives some additional benefit costs. Health insurance rate increase is 3% for FY’11. 28

  29. Staffing Adjustments

  30. Significant Budget Changes Instruction Expenses • CTE continues to expand their program with the Vermont Youth Conservation Corps (VYCC). Increased participation in this program leads to a higher six-semester average and additional revenue. This increased cost relates to VYCC Team Leaders. Other Expenses • This category includes dozens of line items for supplies, equipment, routine maintenance, travel & conference, testing materials, books, copiers, postage, etc. • While there are many individual changes, the most significant decrease is in the area of equipment. The FY’10 budget included many equipment items that had previously been deferred. 30

  31. Significant Budget Changes Revenues • The State contribution for tuition is made up of: • Tech Education Funding: Per pupil amount was held at $7,433 • Tuition Reduction Grant: Per pupil amount was held at $2,990 • CTE’s six-semester average count increased by nearly 18 • The portion of tuition paid by sending districts will be at or below the announced tuition of $15,100 which was held at the FY’10 level. However, the increase in six-semester average is significant enough to result in additional revenue in this area 31

  32. Tax Implications • CTE receives revenue from: • Federal & State Grants • Tuition from sending districts • Local revenues from programs such as Culinary, Child Care and Printing • By and large, the only tax implications to Essex Town and Essex Junction residents is the amount reflected for tuition in the EHS budget

  33. Summary • CTE General Fund • Staffing increases to accommodate additional students is beginning to level off • Equipment investments in FY’10 alleviated the need for major investments in FY’11 • FY’11 announced tuition level with FY’10 – actual tuition charged may even decrease 33

  34. Informational Hearing & Vote April 12 Informational Hearing Essex Community Educational Center 7:45 p.m. in the Auditorium April 13 Budget Vote Essex Community Educational Center 7:00 a.m. – 7:00 p.m. in the Auditorium

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