2009/10 Budget Hearing Presented to Board of Education & Community June 15, 2009 - PowerPoint PPT Presentation

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2009/10 Budget Hearing Presented to Board of Education & Community June 15, 2009 PowerPoint Presentation
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2009/10 Budget Hearing Presented to Board of Education & Community June 15, 2009
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2009/10 Budget Hearing Presented to Board of Education & Community June 15, 2009

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  1. 2009/10 Budget Hearing Presented to Board of Education & Community June 15, 2009

  2. Presentation Outline • Budget Cuts Have Been Made • Low Fund Balance … • … Going Even Lower • Reductions and Adjustments • Bleak Financial Future

  3. Cumulative Effect of Past PPS Budget CutsReductions of $4 Million

  4. Financial Snapshots - June 30, 2008 • Statewide Fund Balance Database • 580 Districts with Higher % • 258 Districts with Lower %. • In Kalamazoo County 6 have higher % and only 2 have lower. • Statewide MDE Financial Database • Portage ranks in lowest 10% for administrative costs in the State.

  5. PPS General Fund“The Bottom Line” SY 08/09 SY 09/10 Nearly $1.2M of Fund Balance Used

  6. PPS GF Budget 09/10Reductions & Adjustments • K-12 Instruct. Staff - GE (4.88 FTE *) $317,000 Gifted & Talented (1.0 FTE) 65,000 • Custodial Services Outsourcing 600,000 • Increase in Specific Walk Zones 106,000 Total Budget Reductions/Adjustments$1,088,000 * Full Time Equivalency

  7. Custodial Services Outsourcing * Actual savings impacted by unemployment comp and actual costs in 09/10

  8. Walk Zone Recommendations

  9. House of Cards Financing? 08/09 Stimulus $3.2M 09/10 Structural Deficit $.8M 09/10 Stimulus $6.1M Kal County Enhancement $3M 09/10 PPS Budget Prop Up By Over 12.5%

  10. How Bad Does 2010-11 Look? • Governor’s Office Prepared an Executive Scenario for 2010-11 as part of May Revenue Estimating Conference • Assumes 4% Revenue Growth • Assumes Foundation Grant at present level • Assumes continued statewide drop in enrollment • Doesn’t factor increased costs (steps, retirement, energy) • State Aid shortfall of $439M or $276/pupil • In Portage = $2,374,000 shortfall • Development of 3 Year Budget Forecast/Cycle will begin soon