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Budget Summary May, 2008

Budget Summary May, 2008. What do we know at this point?. Budget is always a work in progress Likely to finish this year with a $7 million deficit. What do we know at this point?. Budgeted next year for Inflationary increases 3% salary increase Modest increase in campus supply budgets.

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Budget Summary May, 2008

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  1. Budget SummaryMay, 2008

  2. What do we know at this point? • Budget is always a work in progress • Likely to finish this year with a $7 million deficit

  3. What do we know at this point? • Budgeted next year for • Inflationary increases • 3% salary increase • Modest increase in campus supply budgets

  4. What do we know at this point? • With nothing changed for next year in revenue or spending… • Likely will finish 08-09 with $23 million deficit

  5. What do we know at this point? • Fund balance will go from $53 million (6/07) to $25 million (6/09) • 13 cents operating tax rate increase yields approximately $17.5 million in annual revenue

  6. What do we know at this point? • Getting to a balanced budget next year is essential

  7. State funding system is the real problem… • “Hold Harmless” to 05/06 revenue • Inflationary cost increases with no Inflationary revenue adjustment • Transportation allotment, technology allotment, etc.

  8. State funding system is the real problem… • Targeted revenue per WADA (weighted average daily attendance)

  9. $6,129 - Sheldon $5,630 - Deer Park $5,439 - Goose Creek $5,415 - Tomball $5,336 – Lamar $5,286 - LaPorte $5,174 – Katy $5,092 – Spring Branch $5,033 – Houston $4,938 – Crosby $4,923 – Aldine $4,937 - HUMBLE $4,874 – Fort Bend $4,821 – Huffman $4,809 – Galena Park $4,800 – Klein $4,792 – Spring $4,699 – North Forest $4,690 – Pasadena $4,674 – Alief $,4680 – Channelview $4,489 – Cy-Fair WADA comparison to other area districts • 2008-2009 Humble ISD projected WADA • 38,666 • If we received the same target revenue per WADA as Katy ISD, we could receive an additional $9.2 million in state aid in 08/09

  10. We knew this was coming… • House Bill 1 state funding system accelerated the crisis • Circling the drain faster and now close to falling in

  11. We knew this was coming… • Waited as long as possible to severely impact campuses and classrooms • But – we didn’t sit idly by • Since 02/03, $17.5 million in reductions • Built fund balance from $16 million (6/02) to $53 million (6/07)

  12. Every year we provide a list of possible reductions to the Board • Updated in terms of $ and possible new items

  13. List of possible budget reductions always included… • Eliminate differentiated staffing • 6 of 7 at secondary schools • Reduce/Share • Assistant Principals • Counselors • Nurses • Librarians

  14. List of possible budget reductions will also include… • Reduce central administrative staff • Only JV & Varsity athletics at high schools • Only one team per sport at middle schools

  15. Heading toward “Minimum ISD” • By attrition and reassignments

  16. So what can I do? • Stay Tuned

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