Unaudited                  Actuals                     Devin Vodicka, Ed.D.September 14, 2011                          1
2010-2011September 14, 2011               2
2011-2012September 14, 2011               3
September 14, 2011   4
Succinct Overview                                        CUSD Funds                                                       ...
Deficit Spending                                                $90.00                                                $80....
Reducing Expenses• What does it take to reduce expenses by $11  million?             High School Class Sizes from 34 to 40...
Reducing Expenses• If pay reductions were the only strategy employed,  employee compensation would need to be  reduced by ...
Recommendations• Approval of 2010-2011 Unaudited Actuals Report• Adopt Resolution No. 08-1112, Adopting the Gann  Limit fo...
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Unaudited Actuals

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Presented September 14, 2011

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Unaudited Actuals

  1. 1. Unaudited Actuals Devin Vodicka, Ed.D.September 14, 2011 1
  2. 2. 2010-2011September 14, 2011 2
  3. 3. 2011-2012September 14, 2011 3
  4. 4. September 14, 2011 4
  5. 5. Succinct Overview CUSD Funds CUSD Expenses $120.00 $120.00Dollars (in Millions) Dollars (in Millions) $100.00 $100.00 $80.00 $80.00 $60.00 $60.00 $40.00 $40.00 $20.00 $20.00 $0.00 $0.00 Beginning Total Ending Revenue Expenses Total Balance Income Balance 10-11 $82.60 $16.71 $99.31 10-11 $84.22 $15.05 $99.27 11-12 Proj $71.25 $15.05 $86.30 11-12 Proj $82.20 $4.10 $86.30 September 14, 2011 5
  6. 6. Deficit Spending $90.00 $80.00 $70.00 $60.00 Dollars (in Millions) $50.00 $40.00 $30.00 $20.00 $10.00 $0.00 -$10.00 10-11 11-12 Proj -$20.00 10-11 11-12 Proj Revenue $82.60 $71.25 Expenses $84.22 $82.20 Deficit $(1.62) $(10.95)September 14, 2011 6
  7. 7. Reducing Expenses• What does it take to reduce expenses by $11 million? High School Class Sizes from 34 to 40 (Cut 15.80 FTEs) $1,050,000 Middle School Class Sizes from 33 to 40 (Cut 16.60 FTEs) $1,100,000 Elementary Class Sizes from 32 to 40 (Cut 31.00 FTEs) $2,085,000 School Year to 175 Days = 9 Furlough Days for Teachers (approx. 5% cut) $2,165,000 5% Cut for Classified Staff to Mirror Teacher Cut $706,000 5% Cut for Management Staff to Mirror Teacher Cut $252,000 Reduce Three Administrator Positions $450,000 Layoff 5% of Classified Staff $706,000 Eliminate Stipends (Subject Area Leaders, Village Leaders, etc), Athletic Stipends, Co-Curricular Stipends $388,000 Cut Band and Athletic Transportation $137,000 Cut Athletic Director and Athletic Trainer $141,500 Eliminate Travel and Conference Expenses $103,000 Cut 1/3 of Special Education Instructional Assistants $1,316,500 Close Elementary School $400,000 $11,000,000 September 14, 2011 7
  8. 8. Reducing Expenses• If pay reductions were the only strategy employed, employee compensation would need to be reduced by 18% in order to save $11 million. Paycut Only Strategy Remaining Pay Pay Cut 18% 82% September 14, 2011 8
  9. 9. Recommendations• Approval of 2010-2011 Unaudited Actuals Report• Adopt Resolution No. 08-1112, Adopting the Gann Limit for 2010-11 and 2011-12September 14, 2011 9
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