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Torrington Public Schools Board of Education Budget

Torrington Public Schools Board of Education Budget. 2010-2011 BOARD OF EDUCATION June 16, 2010. Review Timeline. March 17, 2010 – Presentation of Budget Recommendations March 22, 2010 – First Public Hearing at THS March 24, 2010 – Second Public Hearing at Forbes

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Torrington Public Schools Board of Education Budget

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  1. Torrington Public SchoolsBoard of Education Budget 2010-2011 BOARD OF EDUCATION June 16, 2010

  2. Review Timeline • March 17, 2010 – Presentation of Budget Recommendations • March 22, 2010 – First Public Hearing at THS • March 24, 2010 – Second Public Hearing at Forbes • March 31, 2010 – Recommended Budget Approved (10-0) • April 14, 2010 – Budget Submitted to City of Torrington • May 4, 2010 – Joint Meeting of BOE and BOF • May 18, 2010 – Capital Budget approved by BOF • May 18, 2010 – BOE Budget approved by the BOF with a reduction of $469,161. • $369,161 – Reduction is found in Insurance / Benefit Savings • $100,000 – Reduction needed

  3. Despite everything we must make assumptions… • Insurance/Benefit costs are projected at $1.8M+ • UPDATE: Reduction of $369,161 based on savings. • Insurance Surplus is projected at $1.0M • UPDATE: Use of surplus approved by the BOF • Transportation Costs are held flat • UPDATE – Special education savings based on consolidation • Educational Cost Sharing (ECS) revenue is held flat • UPDATE – No change

  4. Despite everything we must make assumptions… • Special Education costs and Excess Cost Revenue show a decrease • UPDATE: Excess cost is still projected at $2M for 2010-2011. Special Education costs continue to track lower based on consolidation and placement. • ADDITIONAL: • Contract bumping • New Hire / Salary changes • Grant reviews continue to cause some fluctuation

  5. Torrington Public SchoolsBoard of Education Budget JUNE REVISIONS 2010-2011

  6. Decreases From 2010-2011 Budget

  7. Necessary Changes to 2010-2011 Budget

  8. Recommended Revisions to Approved 2010-2011 Budget

  9. FUTURE CONSIDERATIONS • 1) Does the BOE wish to increase THS Guidance Department by 1.0 FTE? This means an additional salary cost of $57,000 + Benefits. This change can be made through four areas: • a) Reduction of Technology (Not recommended) • b) Reduction of other staffing (Not recommended) • c) Delay the decision until August based on final staffing models which could bring realized savings. (Option 1) • d) Lower the non-certified salary line item by $57,000. (Option 2) • 2) Do Forbes and Vogel-Wetmore make AYP based on NCLB requirements? This data will be available in July and failure to make AYP will initiate changes to Title I grant and could bring possible reductions in staffing based on sanctions. • 3) What is the final contract for non-certified employees? How does that impact the bottom line?

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