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JULY 2008-09 ADOPTED BUDGET VS PROJECTED EXPENDITURES

JULY 2008-09 ADOPTED BUDGET VS PROJECTED EXPENDITURES. 2008-09 ADOPTED $98,012,230 2007-08 ACTUAL EXPEND $95,900,840 PROJECTED SURPLUS $ 2,111,390. REVISED 2008-09 BUDGET VS ACTUAL & ENCUMBERED EXPENDITURES. REVISED BUDGET $96,754,362 ACTUAL/ENCUMBERED

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JULY 2008-09 ADOPTED BUDGET VS PROJECTED EXPENDITURES

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  1. JULY 2008-09 ADOPTED BUDGET VS PROJECTED EXPENDITURES 2008-09 ADOPTED $98,012,230 2007-08 ACTUAL EXPEND $95,900,840 PROJECTED SURPLUS $ 2,111,390

  2. REVISED 2008-09 BUDGET VS ACTUAL & ENCUMBERED EXPENDITURES • REVISED BUDGET $96,754,362 • ACTUAL/ENCUMBERED EXPENDITURES $96,959,968 3/28/09 DEFICIT -$ 205,606

  3. REVISED 2008-09 BUDGET VS ACTUAL & ENCUMBERED EXPENDITURES • REVISED BUDGET $96,754,362 • ACTUAL/ENCUMBERED EXPENDITURES $97,122,681 4/10/09 DEFICIT -$ 368,319

  4. REVISED 2008-09 BUDGET VS ACTUAL & ENCUMBERED EXPENDITURES • REVISED BUDGET $96,754,362 • ACTUAL/ENCUMBERED EXPENDITURES $97,408,912 5/8/09 DEFICIT -$ 654,550

  5. REVISED 2008-09 BUDGET VS ACTUAL & ENCUMBERED EXPENDITURES • REVISED BUDGET $96,754,362 • ACTUAL/ENCUMBERED EXPENDITURES $97,528,571 5/22/09 DEFICIT -$ 774,209

  6. REVISED 2008-09 BUDGET VS ACTUAL PROJECTED EXPENDITURES • REVISED BUDGET $96,754,362 • ACTUAL PROJ. EXPEND. $94,493,925* 9/3/09 Surplus $ 2,260,437 Less: Career Ladders BBCF <702,321> Excess Utilities <368,268> Actual District Surplus $ 1,189,848 *Actual 07-08 Expenditures = $95,900,840 Actual 08-09 Expenditures could be reduced by an additional $190,996 if IDEA Stimulus approved FY09

  7. What Happened? How did a projected May 2009 Deficit of $774,209 turn to a Surplus of $2,260,437? a. May 2009 Actual and Encumbered Expenses were $97,528,571 b. Drastic cost cutting measures were implemented as early as January 2009. c. Salaries and expenses encumbered for the entire year were part of the $97,528,571, but not unencumbered when positions were closed. Thereby, over-stating the liability. d. Actual expenses were $94,493,925 – not $97,528,571

  8. Adopted 2009-10 BUDGET VS 2008-09 ACTUAL PROJECTED EXPENDITURES • ADOPTED BUDGET FY10 $93,801,246 • ACTUAL PROJECTED EXPENDITURES 08-09 $94,493,925 9/3/09 Potential Deficit -$ 692,679 OR -$ 501,683 (IDEA STIMULUS) NOTE: These deficits were projected based on adopted budget which did not include any District BBCF

  9. REVISED FY10 BUDGET WITH 2% & CORRECTED BBCF • REVISED ADOPTED BUDGET $94,919,367 PROJECTED ACTUAL EXPENDITURES 08-09 $94,493,925 11/1/09 Potential Surplus $ 425,442 OR $ 616,438 (IDEA STIMULUS)

  10. PROJECTED Phase I Savings - $2,291,009 CTE program design $ 700,000 Transp. Summer Addenda $ 41,000 ESI Program $ 293,768 Homebound Program $ 96,632 Repurpose IAs $1,159,609 Phase I Projected Savings $2,291,009

  11. ACTUAL PHASE I SAVINGS • Transp. Summer Addenda $ 41,000 • ESI Program $ 293,768 • Repurpose IAs $ 1,148,133 • Actual Phase I savings $ 1,482,901

  12. PROJECTED PHASE II SAVINGS Over 2 years Central Office $ 500,000 Non-Classroom M&O Positions $ 500,000 Absorb Classified Position through Attrition $ 500,000 Increase Class Size $ 2.5 Million Furloughs $ 1.1 Million Projected Phase II Savings $ 5.1 Million

  13. ACTUAL PHASE II SAVINGS • Central Office $ 354,424 • Non-Classroom M&O Positions $ 0 • Absorb Classified Position through Attrition (5 custodial) $ 110,250 • Increase Class Size $ 1,500,000 • Prevention Specialist to IDEA Stimulus (8) $ 473,240 • Additional expenses- sick leave vacation buyback projection -$ 730,000 Actual Phase II savings $ 1,707,914

  14. ACTUAL PHASE I & II SAVINGS • Phase I $ 1,482,901 • Phase II $ 1,707,914 TOTAL $ 3,190,815

  15. 2008-09 Expenditures $94,493,925 Less: Phase I & II Savings-$ 3,190,815 Projected 2009-10 Expenses $91,303,110 Nov. 2009 Revised Budget $94,919,367 Projected 2009-10 Surplus $ 3,616,257

  16. What if Legislature imposes a 2% cut in January 2010? • Nov 2009 Revised Budget $ 94,919,367 less 2% cut to BSL $ 1,646,426 • Revised 2009-10 Budget $ 93,272,941 • Proj. 2009-10 Expenses $ 91,303,110 Possible 2009-10 Surplus $ 1,969,831

  17. We can then spend the surplus ? • Yes, but remember, we still need to address: 1. Organizational Efficiency 2. Down Sizing 3. Stimulus Sustainability 4. Future years’ budget cuts 2007-08 Expenditures $95,900,840 2008-09 Expenditures $94,493,925 2009-10 Expenditures proj. $91,303,110 2010-11 BUDGET ??????

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