1 / 10

FY 2011-12 General Fund Budget Overview and Financial Projections

This document presents the Fiscal Year 2011-12 budget assumptions and projections for the General Fund, highlighting key metrics such as enrollment growth to 2,927 pupils, adjustments in general education funding, and changes in special education allocations. The budget anticipates unassigned revenues of $29.4 million against expenditures of $29.9 million, resulting in a projected fund balance decrease. Additionally, food service and community service budget details reveal their respective revenues, expenditures, and projected balances. Concerns regarding enrollment trends and funding uncertainties are addressed.

bell
Télécharger la présentation

FY 2011-12 General Fund Budget Overview and Financial Projections

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. Revised FY 2011-12 Budget January 17, 2012

  2. General Fund Revenue Assumptions • Enrollment of 2,927 (up 58 adm’s from 2010-11) • $50/adm increase in gen ed formula allowance • Increase in the special education statewide proration factor of 1.2% for regular and 3.6% for excess cost • State aid shift 60% current year 40% next year • Tax shift of 49% • Levy decrease of 8.07%

  3. Enrollment Trends

  4. General Fund Expenditure Assumptions • Cash flow borrowing needs of $8M • Increase in licensed staff of 7 fte’s • Increase in hourly staff of 2 hours per day • Increase in transportation cost: 2% regular education 2.5% special education • Severance of $91K paid out of internal service fund • Health insurance premium decrease of 10%

  5. General Fund Budget FY11-12 Unassigned Revenues $29,393,109 FY11-12 Unassigned Expenditures $29,898,612 Surplus ($ 505,503) Fund Bal June 2011 $ 1,858,253 Projected Fund Bal June 2012 $ 1,352,750

  6. Fund Balance • Unreserved Fund Balance Policy is 5 – 8% of unreserved expenditures • Projected to be at 4.52% by the end of June 2012 • Will help absorb: • Potential enrollment declines • Uncertain federal and state funding levels • Cash flow needs and interest and issuance costs

  7. Food Service FY11-12 Revenues $ 1,554,249 FY11-12 Expenditures $ 1,516,748 Surplus $ 37,501 Fund Bal June 2011 $ 90,997 Projected Fund Bal June 2012 $ 128,498

  8. Community Service FY11-12 Revenues $ 2,168,420 FY11-12 Expenditures $ 2,120,434 Surplus $ 47,986 Fund Bal June 2011 $ (128,491) Projected Fund Bal June 2012 $ (80,505)

  9. Other Funds Capital Internal Debt Projects Service Service FY11-12 Revenues $ 820,454 $ 570,000 $3,104,269 FY11-12 Expenditures $ 854,227 $ 903,260 $3,047,722 Surplus ( $ 33,773) ($ 333,260) $ 56,547 Fund Bal 6/30/11 $ 884,798 $ 5,202,884 $ 471,804 Proj Fund Bal 6/30/12 $ 851,025 $ 4,869,624 $ 528,351

  10. Questions and Comments

More Related