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2010-2011 Superintendent’s Budget

2010-2011 Superintendent’s Budget. Presentation for Providence School Board April 12, 2010. Key Information. Facility Changes Addition of a 7 th Grade at Nathan Bishop Middle School Additional 130 freshman entering PCTA Beginning of a new plumbing curriculum at PCTA

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2010-2011 Superintendent’s Budget

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  1. 2010-2011 Superintendent’s Budget Presentation for Providence School Board April 12, 2010

  2. Key Information Facility Changes • Addition of a 7th Grade at Nathan Bishop Middle School • Additional 130 freshman entering PCTA • Beginning of a new plumbing curriculum at PCTA • The closure of Perry Middle School and Feinstein High School are not assumed in this budget

  3. Budget Drivers • Student Achievement • Class size, curriculum development, professional development, classroom materials, extracurricular activities, smaller learning communities, common planning time, standards, and assessments • Available Funding from State and City • Changes to School Enrollment • Labor Contract Obligations • Salaries, Benefits, Class Size • Employee Retirement Contributions • State • Local • Contract Obligations • Transportation • Custodial and maintenance • Outside tuitions

  4. Budget Unknowns • Final State Aid Allocation to the District • Final City Appropriation to the District • Approval of a State-wide Funding Formula • Final Federal Entitlements

  5. Budget Assumptions • State Aid will be level funded at the original amount for FY2010 • Governor’s FY2011 Proposed Budget calls for a $7.1 million reduction in Aid to Education for Providence • The City appropriation to schools will remain at the FY2010 amount • City funded 38.41% of FY2010 budget. Level funding of the FY2011 proposed budget is 36.6% • Federal Entitlements will be level funded • The approval of State-wide Funding Formula was not assumed

  6. FY2011 Budget Overview • The Superintendent’s 2010-11 proposed budget is $329,436,497 • The FY2011 Budget is $15,890,845 or 5.07% higher than FY2010 • 93.5% ($14,863,973) of the expenditure increase is due to salary and benefits • Budget increases are driven by: • Labor agreements • Vendor agreements • State regulations and laws • Enrollment

  7. FY2011 Budget Overview • Proposed FY2011 budget includes a $16.8 million budget gap • Level funding of City and State aid assumed • No across-the-board salary increases scheduled for FY2011 • Negotiated wage freeze for Local 1033 employees

  8. Proposed Expenditures $329,436,497 Expenditures

  9. Expenditure Variances in FY2011 Budget(Summary)

  10. Expenditure Variances in FY2011 Budget(Detail)

  11. Expenditure Variances in FY2011 Budget(Detail)

  12. Projected Revenues $312,575,472 Revenues

  13. Revenues

  14. Funding Formula • Three Key Funding Components • Core Instructional Amount - $8,295 per student • Student Success Factor – 40% of Core Instructional Amount $3,318 (available for students who receive free or reduced lunch) • State Share Ratio – Equalized Weighted Assessed Valuation (EWAV) is the calculation used to determine the funding that a city or town receives • How the Plan endorsed by RIDE might impact Providence • Projected total increase in base funding over four years = $28,667,235 • An additional $5,548,728 in state aid in FY2011 • Additional funding possible for Career & Tech programs and Extraordinary costs for students with disabilities would result in an additional $2.5 million • Unknown issues concerning the funding formula • What is the base amount of funding available – FY2010 Original State Aid or FY2011 Proposed Aid? • Will the Maintenance of Effort Law for the City be changed?

  15. Continued Efforts to Reduce Expenditures • Re-negotiate transportation contract extension • Utility savings through arrangement with National Grid and City • Reduction in warehouse rental costs • Refinancing of current debt issue with Johnson Controls • Continued review of every line item in budget based upon more information received from FY2010 experience

  16. Actions to Fill Gap • If state and local aid is not provided in an amount to fill the $16.8 million budget gap, some of the following actions will be necessary: • Layoffs • Salary reductions • Furlough days • Co-share increases • Transportation changes • Deferral of vital capital purchases • Suspension of state mandates • Suspension of all programs and extra-curricular activities outside the BEP • The local budget is approximately 79% salary and benefits. It would be unrealistic to expect that a $16.8 million budget gap can be addressed without reductions in this area. • Total salary expenditures in FY2011 is $175 million

  17. Budget Schedule (Anticipated) • April Budget workshops • April 26 Budget submitted to Mayor • May 1 Budget submitted to Council • June Council budget hearings • June-July Final state aid determined • July Council adopts city budget • July-August School board approval • July-August Council approves ordinances

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