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Fiscal Update: Budget Analysis and Trends for February 27, 2012

This fiscal update presents a detailed analysis of the budget for the school district as of February 27, 2012. With total expenditures at $27,492,000 and a breakdown revealing per-student funding and expenses, the report highlights the financial challenges facing the district, including declines in enrollment and corresponding revenue adjustments. Key areas of expenditure include salaries, benefits, and transportation, with strategies for cost reductions outlined. The update also reviews property tax trends and federal aid changes over recent years, providing insights into the district's financial outlook.

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Fiscal Update: Budget Analysis and Trends for February 27, 2012

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Presentation Transcript

  1. Wb Fiscal update February 27, 2012

  2. Why are we here • http://fyf.oecn.k12.oh.us/genForecast.asp?IRN=46060&Thousands=Y&Format=HTML

  3. Let’s Drill Down TOTAL EXPENDITURES $27,492,000 * $8,231 PER STUDENT MONTHLY EXPENSES $ 2,291,000 * $685 PER STUDENT DAILY EXPENSES $ $76,366 * $23 PER STUDENT HOURLY EXPENSES $ 3,181 * $0.95 PER STUDENT

  4. STATE AND LOCAL FUNDING • TOTAL REVENUE • * FY 12 $ 27,423,000 • * FY 13 $26,365,000 (anticipated) • Adjusted as of 2-27-2012 $25,700,000 • Do to decrease in enrollment

  5. TRANSPORTATION TOTAL $ 2,129,616 PER PUPIL $637

  6. Reductions FY 12 Eliminated One Full-Time Route Leased Vans from SHCTC for small group trips Athletic Trips and Field Trips Pay For 1/3 of the Cost Purchased a Routing System to Analyze Efficiencies

  7. Teaching and support Reductions 1 Custodian 2 HS Teachers 1 M.S Teacher Sports Maintenance Contract D.O. Cleaning Eliminated Sub Aides Negotiated a 5% decrease in Insurance Negotiated a pay freeze Eliminated 7 coaching/extra-curricular positions

  8. ATHLETICS • TOTAL $552,000 • $400,000 from general fund • $152,000 from athletic department • 2% of total district budget

  9. Expenditures

  10. SALARIES AND BENEFITS SALARIES $14,374,000 BENEFITS $5,904,000 74% OF THE ENTIRE BUDGET

  11. REVENUE/ EXPENDITURES

  12. DEFICIT SPENDING VS. BALANCE

  13. WHY WE ARE HERE FEDERAL AID 2009: 0 2010: $1.242 MILLION 2011: $1.550 MILLION 2012: $1.061 MILLION 2013: 0

  14. WHY WE ARE HERE • PROPERTY TAX TREND • 2009: $3.9 MILION • 2010: $4.075 MILLION • 2011: $4.186 MILLION • 2012: $4.446 MILLION • 2013: $4.211 MILLION • 2014: $4.045 MILLION

  15. PURCHASED SERVICES

  16. THANKS FOR listening

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