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Cover by Bill Uhlig

Cover by Bill Uhlig. Multnomah Education Service District 2008-09 Superintendent’s Proposed Budget. Board of Directors Budget Committee Presentation March 4, 2008. 2008-09 Superintendent’s Proposed Budget Summary.

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Cover by Bill Uhlig

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  1. Cover by Bill Uhlig

  2. Multnomah Education Service District2008-09 Superintendent’s Proposed Budget Board of Directors Budget Committee Presentation March 4, 2008

  3. 2008-09 Superintendent’s Proposed Budget Summary General Fund Revenue increased approximately 5.4% to $34.7 Million (excluding SIF) New School Improvement Fund (SIF) efforts of $1.6 Million are estimated New SAMHSA revenue of $2.0 million FTE Estimates: Total budget accommodates 690.4 FTE, essentially level to 2007-08 Adopted Budget FTE of 692.4 Unappropriated ending balances sufficient but need attention.

  4. Future Oregon Economic & Revenue Forecasts March 2008 Forecast – Biennial Revenue down $187 Million from Close of Session (COS) March 3, 2008 Dept of Education (ODE) forecast for MESD down $750K to $33.95 Million for 2008-09 ODE will produce a 2nd 2008-09 forecast at the end of March 2008 State of Oregon is experiencing effects from the national economic downturn and future economic forecasts will most likely reflect continuing declines in revenue. Legislative Session – January 2009 (at least 5 more Revenue Forecasts before next SSF appropriation bill)

  5. Multnomah Education Service DistrictState Revenue Outlook (2007-09) General Fund State School Fund Appropriation $5.985 Billion Local Revenue $3.295 Billion General Operating Revenue (GOR) $9.28 Billion 48.7% $4.518 Billion 51.3% $4.76 Billion 2007-08 General Operating Revenue (GOR) $4.518 Billion 2008-09 General Operating Revenue (GOR) $4.76 Billion 95.25% $4.30 Billion 95.25% $4.53 Billion 4.75% $218 Million 4.75% $226.1 Million ESD State School Fund Formula School District State School Fund Formula ESD State School Fund Formula School District State School Fund Formula $226.1 Mil X 15.34% = $34.7 Million MESD (33.95 Million 3/3/2008 ODE) $218 Mil X 15.1% = $32.91 Million MESD 2008-09 Superintendent’s Proposed Budget

  6. 2008-2012 PLANNING – FOUR YEAR PROJECTIONAUGUST 2007 (IN MILLIONS) Year of Equalization 1st 2nd 3rd 4th RESOURCES Adopted Budget 1998-99 1999-00 2000-01 2001-02 2002-03 2003-04 2004-05 SSF (GOR) 40.4 40.7 41.0 38.2 36.2 34.0 31.2 5thForecasted Budget 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 SSF (GOR) 30.1 30.47 33.9 35.24 36.7 38.17 39.67 Budget Cmte Update (March 2008) 32.9 34.7

  7. Budget Equation Revenues Expenditures Beginning Balance + Revenue = Expenditures + Ending Balance or Beginning Balance + Revenue - Expenditures = Ending Balance (Unappropriated)

  8. FUNDS 2008-09 Superintendent’s Proposed Budget Local Service Plan Contracts /Grants Beg Bal $ 13.9 M Rev $ 38.4 M Misc. $ 2.5 M State School Fund (GOR) Beg Bal $8.8 M Interest $1.5 M Rev $34.7 M SIF $ 1.1 M Misc. $3.3 M Revenue Sources 10% Agency Support -- Board / Supt Communications Legal 90% District Service Plan Programs $1.1M School Imp. Fund Facilities Acq. & Imp.(Fund 4) Beg Bal $ 1.1 M Trx $ 0.83 M Exp $ 1.18 M Cont $ 0.2 M Support Services (Fund 6) Beg Bal $0.0 M Indirect $5.22 M Exp $ 4.87 M Debt Service(Fund 3) $2.5 M PERS UAL / COPs General (Fund 1) Exp $39.1 M Cont. $ 0.8 M District Services (Fund 2) Exp. $ 48.1 M Cont. $ 1.0 M $2.5 M $0.83 M $0.55 M $0.85 M $0.83 M $1.1 M $5.22 M $3.10 M $0.72 M $1.4 M $0.35 M $9.5 M $ 5.7 M $0.55 M Unappropriated Ending Balance

  9. General Fund (Fund 1) 2007-08 $ 35,120,576 FTE: 283.72 Resolution: $ 32,391,204 Non-Resolution: $ 2,729,372 School Improvement Fund:$0.0 2008-09 $ 39,998,744 FTE: 282.27 Resolution: $34,339,671 Non-Resolution: $ 4,059,073 School Improvement Fund:$ 1,600,000 Beginning Balance $8.8 Million $6.4 Million – Cash Reserve $2.0 Million – Service Plans $400K - 2007-08 Contingency

  10. District Services Fund (Fund 2) 2007-08 $ 38,058,922 FTE: 365.81 2008-09 $ 49,164,597 FTE: 362.09

  11. Debt Service Fund (Fund 3) Certificates of Participation (COP) $550,155 2004 Refunding of 1997 Bonds PERS Unfunded Actuarial Liability (UAL) $1.9 Million

  12. Facilities Acquisition & Improvement Fund(Fund 4) Acquisition of Arata Creek Property - $1 Improvements – 11 Projects $1.18 Million Staffed to the Facilities & Technology Board Subcommittee Includes: Ainsworth Re-lighting Ainsworth Roofing Inspection/Repair Improvements to Arata Creek Property Legal/HR/SPED Office relocations/remodels Strategic Facilities Study TS/Print Shop Office Renovation

  13. Support Services Fund (Fund 6) 2007-08 $ 5,010,535 FTE: 44.51 2008-09 $ 4,874,745 FTE: 44.23

  14. Expenditures by Fund 2007-08 Adopted Budget 2008-09 Proposed Budget Expenditures: Unappropriated: Total: $ 81,509,837 $ 17,769,280 $ 99,279,117 Expenditures: Unappropriated: Total: $ 97,813,282 $ 16,032,301 $ 113,845,983

  15. Expenditures by Major Function 2007-08 Adopted Budget 2008-09 Proposed Budget Expenditures: Unappropriated: Total: $ 81,509,837 $ 17,769,280 $ 99,279,117 Expenditures: Unappropriated: Total: $ 97,813,282 $ 16,032,301 $ 113,845,983

  16. Expenditures by Major Object 2007-08 Adopted Budget 2008-09 Proposed Budget Expenditures: Unappropriated: Total: $ 81,509,837 $ 17,769,280 $ 99,279,117 Expenditures: Unappropriated: Total: $ 97,813,282 $ 16,032,301 $ 113,845,983

  17. Reference

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