1 / 30

2011-12 District Budget Priorities

2011-12 District Budget Priorities. Board of Education Meeting June 2, 2011. Presentation Agenda. Multi-Year Assumptions & Budget Uncertainties Staff Recommended Budget Budget Scenarios Title I and Title II Budgets Next Steps. Multi Year Assumptions & Budget Uncertainties.

abbot-wilson
Télécharger la présentation

2011-12 District Budget Priorities

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. 2011-12 District Budget Priorities Board of Education Meeting June 2, 2011

  2. Presentation Agenda • Multi-Year Assumptions & Budget Uncertainties • Staff Recommended Budget • Budget Scenarios • Title I and Title II Budgets • Next Steps

  3. Multi Year Assumptions &Budget Uncertainties

  4. MYP Assumptions – Revenue

  5. MYP Assumptions – Expenditures

  6. MYP Assumptions – Expenditures (cont’d.)

  7. MYP Assumptions & Reserves Requirements

  8. MYP Assumptions - Uncertainties • Tax Extension Ballot Initiative • Low voter support in recent polling • Amount and Duration of Mental Health Costs (AB 3632) • School Realignment Program • Federal Funding Levels • 2012/13 General Fund Unrestricted Reductions • 2013/14 General Fund Unrestricted Reductions

  9. Staff Recommended Budget

  10. SDCOE Guidance & Staff Recommendation • Budget Development is consistent with SDCOE Guidance • “Under current law, temporary taxes are set to expire…We recommend that districts continue to plan for an on-going reduction or set aside a reserve until we get an enacted budget.” • -San Diego County Office of Education, May 26, 2011

  11. Superintendent Recommended Budget:Based on Need to Reduce Multi-Year Deficits The Superintendent’s recommended budget accomplishes the following important goals: • Follows direction from County Office of Education to achieve Positive Certification • Presents the strongest case to financial markets for a successful TRANS funding in July • Minimizes 2012/13 budget shortfall to $24.6m • Significantly reduces necessary layoffs in 2012/13

  12. Superintendent Recommended Budget:Minimizes Long Term Staff and Student Impacts The Superintendent’s recommended budget minimizes the following staff and student impacts: • Provides more stability for students and classrooms • Reduces the potential for another larger round of layoff notices in 2012. • Reduces future reductions in student services, classroom supplies and materials • Protects school support and maintenance budgets from new cuts in 2012

  13. Budget Adoption:Impact on TRANS Borrowing • TRANs Goes to Market in Early July • Pre-Market Promotion Underway Now • Financial Markets Will Evaluate Adopted Budget and Projected Deficits • Without a TRANs There is Significant Risk of No Cash To Meet Payroll by October 2011

  14. 2011/12 General Fund Projected Cash Flowwithout TRANs Borrowing Negative Cash Balances

  15. Recommend Budget: No Restorations Best Case: State Budget with Tax Extensions Lowest 2012/13 Shortfall $24.6m

  16. Worst Case Budget:“All Cuts Budget” (Loss of $245 per ADA) 2012/13 Shortfall $78.7m 2013/14 $203.7m

  17. Alternative Budget Scenarios

  18. Impacts of Alternative Budget Scenarios Restoration Alternatives All Assume Flat Funding with Tax Extensions:2012/13 Shortfall • #1 K-3 24:1 $53.6m • #2 K-3 Partial 20:1 $56.4mRemaining 24:1 • #3 K-3 24:1 $64.0mplus $5m additional • #4 K-3 20:1 $97.0m 500 to 1,500 more layoffs in 2012/13 would be needed to balance deficits at these levels!

  19. Budget Scenario #1: K-3 at 24:1 with Flat Funding 2012/13 Shortfall $53.6m

  20. Budget Scenario #2: K-3 at 20:1 @29 Schools & 24:1 @Remaining 2012/13 Shortfall $56.4m

  21. Budget Scenario #3: K-3 @ 24:1 + $2m Certificated +$3m Classified 2012/13 Shortfall $64m

  22. Budget Scenario #4: K-3 at 20:1 with Flat Funding 2012/13 Shortfall $97m

  23. Title I & ii Funding

  24. Title I & II Funding Reductions • Title I Funding could be reduced by 10% • No confirmation of amount at this date • Title II could be reduced by 15% • Funds professional development and positions • Site Budgets based on level Title I Funding • Reductions would be on central programs • Reductions will have staff impacts and impacts to GFU

  25. Title I Budget Comparison • Projected Revenue does not include potential 10% loss for 2011/12

  26. Title II Budget Comparison • Projected Revenue does not include potential reduction of 2011/12 of 15%

  27. Final Comments

  28. Recommended Budget Is the BEST Course for the District The Superintendent Recommended Budget will: • Protect the long-term fiscal solvency of the District • Comply with SDCOE Budget Guidance • Avoid Negative Certification and SDCOE Oversight • Protect the Viability of Successful TRANs Funding • Reduce Multi-year Deficits to more manageable levels • Reduce Needs for 2012/12 Layoffs • Provide More Long Term Stability in School Staffing

  29. Next Steps • June 14- First Reading 2011/12 Budget • June 21- Second Reading 2011/12 Budget • June 28- Adoption of 2011/12 Budget

  30. Questions?

More Related