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Proposed Budget FY 2011

“ providing opportunities for all students to obtain wisdom and achieve their greatest potential”. Proposed Budget FY 2011. Jeff Wooten, Ed. D Superintendent. Board Members: Don Pendergrass, President Mike Elliott, Vice President Pam Doyle Farrell Southern

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Proposed Budget FY 2011

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  1. “providing opportunities forall studentsto obtain wisdomandachieve their greatest potential” Proposed Budget FY 2011 Jeff Wooten, Ed. D Superintendent • Board Members: • Don Pendergrass, President • Mike Elliott, Vice President • Pam Doyle • Farrell Southern • Willis Thompson September 20, 2010

  2. FY 2011 Budget • The annual school budget is a financial representation for a school district’s educational programs • October 1 - September 30 fiscal year • General Fund is a balanced budget • The focus for 2011 is to maintain our instructional programs and to expand on reading comprehension • $28,539,832 annual budget

  3. MUSCLE SHOALS CITY SCHOOLS FIRST 20 DAY ENROLLMENT TREND 18.55 Students Received 3.36 units less or $265,000

  4. Budget Highlights • The budget is based on an average daily membership of 2,731.70 students. • State units earned are 179.24 units or a decrease of 3.36 units. • Other current expense revenues decreased from $12,302/per unit earned to $11,368/per unit earned. • Classroom instructional, technology, library enhancement, common purchase, and professional support are again zero in the state budget. We are giving each school academic enhancement money, based upon last year’s enrollment. • Textbooks funded at $15.88 per student. Muscle Shoals has added $90,000 to ensure each student has textbooks. • Salaries -1% per Act 97-238 and current units are not funded this year. • Retirement (12.51 % per dollar) and insurance ($9,024 per year) stayed the same as last year. These allocations are appropriated each year in the education budget by the legislature. • Local Funds held by the 10 mills Foundation Program increased $90,010 or $1,523,010. • State Fiscal Stabilization funding helped offset of other current expense revenues of $662,189. We will not receive this revenue in FY 2012. • Education Jobs Fund was passed by the federal government. We will receive $551,864. We will not receive this revenue in FY 2012. • 3% to 5% proration is being projected in FY 2011 (one percent is approximately $146,489). • We flexed FY 2010 Capital Funds of $600,000.

  5. MUSCLE SHOALS CITY SCHOOLS COMPARISON OF STATE REVENUES FY 2005-2006 6% Increase in salaries FY 2006-2007 5% Increase in salaries, two additional steps on salary matrix FY 2007-2008 7% Increase in salaries 5% proration is $732,445 $12,873,753

  6. ETF Growth Projected for FY 2011

  7. VALUE OF 1 MILL PROPERTY TAX

  8. Muscle Shoals City Schools Revenue Comparison

  9. GROWTH LOCAL TAXESFY 2011

  10. PROPOSED BUDGET COMPARISONGENERAL FUND State and Local Funds Moved support to jobs bill 4 new employees contract 19.5 hours per week Set aside money for proration FY 2011

  11. GENERAL FUND EXPENDITURESBY OBJECT CODE FY 2011$20,572,395 $ 2,248,695 Materials, Insurance, Etc.

  12. PROPOSED BUDGET COMPARISONTOTAL FUNDS$28,539,825 Flexed capital improvement funds for utilities

  13. SPECIAL FUNDSCOMPARISON FY 2011-FY 2010 $1,339,053 FOR FY 2012

  14. TOTAL FUND EXPENDITURESBY OBJECT CODE FY 2011$28,539,832 $20,718,602 Salaries and Benefits $549,107 CNP Transfer $1,094,460 Capital $1,607,861 Local Schools $4,569,802 Electricity, Supplies, CNP Food

  15. MUSCLE SHOALS CITY SCHOOLSFY 2011 TOTAL REVENUES 51 ¢ 34¢ 10¢ 5¢ State Local Federal Other

  16. MUSCLE SHOALS CITY SCHOOLSFY 2011 TOTAL EXPENDITURES 53¢ 15¢ 8¢ 12¢ 4¢ 3¢ 5¢ Operation & Maintenance Instructional Services Instructional Support Services Capital Outlay Debt/Other Expenditures Auxiliary Services General Administrative Services

  17. FY 2012 “Challenges Ahead” • No ARRA Title I: $ 80 million • No ARRA IDEA : $ 90 million • No SFSF: $179 million • Minimum Payment $110 million for “Rainy Day Fund” • No Jobs Funds $150 million

  18. $609 million Needed to Replace Federal Dollars & Make Payment 11% Growth Needed

  19. Note: Some expenses funded from non-ETF sources

  20. $1.07 Billion Total 19.8% Growth in Receipts

  21. DIVISORS

  22. Are you on the Muscle Shoals Train? Maintenance and Transportation School’s Support Staff All Employees Custodians Teachers Principals Board Members Child Nutrition Support Staff and Managers Assistant Principals Superintendent Subs Librarians and Counselors CSFO Assistant Superintendent Central Office Support Staff

  23. The Muscle Shoals Train Is About Our Children. “providing opportunities forall studentsto obtain wisdomandachieve their greatest potential”

  24. Are You On Board?

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