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School Board Budget Work Session Overview - May 10, 2012

During the School Board Budget Work Session on May 10, 2012, discussions focused on the FY 12/13 budget of $151.81M, which included a 5% VRS mandate impacting allocations. Key recommendations from the Superintendent included Tier 1 reductions totaling -$353,320, staffing changes, and a suggestion to use an additional $200,000 from the fund balance. Adjustments were required to better align budget with actual expenditures, with $100K returned to schools as carryover. The board will adopt a total budget reflective of these considerations in due course.

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School Board Budget Work Session Overview - May 10, 2012

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  1. School BoardBudget Work Session May 10, 2012

  2. Where have we come from? Current Total FY 12/13 $151.81M *Current Expenses of $151.81M

  3. VRS Mandate • 5% option ($790K) adopted by School Division • 5% option adopted by BOS

  4. Where are we now? *Adjustments made due to 5% VRS option selection

  5. Financial Report June 30,2011 • Although certain line items may show for budget purposes unexpended funds, through transfers and internal adjustments, these funds were expended • More than $100K was returned to schools as carryover • Staff is currently engaged in revising allocations to have budget better meet actual expenditures by line item

  6. Superintendent’s Recommendations • Some Tier 1 Reductions • Use additional Fund Balance • Instruct the Superintendent to make additional reductions

  7. Superintendent’s Recommendations • Tier 1 Reductions: -$353,320 • Additional ESOL Staffing (-1.00 FTE: -$65,633) • Assistant Principals (-1.05 FTE: -$68,914) • Professional Development (-$35K Only) • Response to Intervention (-2.80 FTE: -$183,773)

  8. Superintendent’s Recommendations • Use an additional $200,000 in Fund Balance • Projected Fund Balance Remaining: 2.01%

  9. Superintendent’s Recommendations • Instruct the Superintendent to make an additional -$209,954 in reductions. • Some services will be reduced • Board will receive an update as to what has been reduced at a later date

  10. Motions for Adopting the Budget • I move that we adopt an operational budget of $XX and a self-sustaining budget of $18,345,434 for a total budget of $XX for Fiscal Year 2012/2013.

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