Spring 2009 Finance Presentation For Pt As V2

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Explanation of Weld County School District 6's current financial picture, budget priorities, and how the district compares to other districts in the region.

Explanation of Weld County School District 6's current financial picture, budget priorities, and how the district compares to other districts in the region.

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  • Thank you everyone for being here. We feel that it is very important to keep our parents, teachers, support staff and others apprised of our current financial situation and what the near future looks like. We have about a 20 minute presentation…it’s fast moving…and we’ll take lots of questions at the end.

Transcript

  • 1. Current and Future Conditions April 2009 District 6 Budget
  • 2. 19,284 students 38 schools and buildings 101 portable classrooms 2,307 employees
  • 3. Scope of Operations
    • Every day, about 25,000 people have direct involvement with our school system
    • We serve 2 million school meals a year to our students
    • 8,000 students a day ride our school buses, which travel more than 1 million miles over the course of a year
    • We have 5,200 computers and 2,300 phone lines
  • 4. Celebrations and Progress Numerous “Best in State” Awards 2008-09 Effective Strategic Plan Student Achievement Increases Model Programs
  • 5. A Plan That’s Worked 110 action steps in the Strategic Plan 92% are complete 8% being worked on this year
  • 6. Budget & Finance
  • 7.
    • 170 th
    Available Resources Question: Of the 178 school districts in Colorado, where do we rank in total funding available per student?
  • 8.
    • 75% from State of Colorado
    District 6 Budget Basics General Operating Fund Revenue Sources
    • 25% from Greeley-Evans general education mill
    • 0% from local mill levy override
  • 9. 2008-09 data State Funding + MLOs
  • 10. MLOs around Greeley-Evans: amount per student, every year Greeley- Evans: $0 Eaton: $710 Gilcrest-LaSalle- Platteville: $1,124 Loveland: $969 Johnstown-Milliken: $174 Fort Lupton: $1,155 Windsor: $692 Keenesburg: $609 St. Vrain: $690 2008-09 data Fort Collins: $773
  • 11. Difference between a mill levy and a bond
    • Bonds are used for building new schools, or making major renovations or expansions to existing schools.
      • After the bond is paid off (20—30 years, typically), the tax expires and is no longer collected.
    • Mill levies are used for operational costs.
      • Generally do not expire.
  • 12. This container represents our general operating fund: $128 million Where is our revenue spent?
  • 13. Expenditures The vast majority of the budget is spent on employee salaries and benefits. Everything else makes up just 13% of the budget. 87%: People (salaries and benefits) Utilities, fuel, textbooks, etc. 13%:
  • 14. Expenditures Utilities 32% Professional fees 4% Other 5% Repairs, maint. & equipment 5% Textbooks 6% Computers and technology 6% Contracted education services 9% Purchased services 12% Supplies, postage, printing, etc. 21% People (salaries and benefits) Utilities, fuel, textbooks, etc.
  • 15. Expenditures Teachers 71% Instructional aides 5% Bus/Facilities staff 8% Principals 6% Office/Support staff 4% Professional staff 3% Administrators 3% Utilities, fuel, textbooks, etc. People (salaries and benefits)
  • 16. Higher Costs = Forced Choices If costs increase in any area, some other cost area must be reduced in order to make room ...unless we get more revenue. Purchased Items Teachers Instructional aides Bus/Facilities staff Principals Office/Support staff Professional staff Administrators
  • 17. State Economic Impact
  • 18. State Economic Impact
    • The State has taken back some money from every district’s current school-year funding (a “rescission”).
    • We had to give back $637,643.40 .
    Right Now
  • 19.
    • Hiring reductions; spending reductions; continued travel ban; etc.
        • No layoffs of existing staff in current school year.
        • No elimination of programs in current school year.
    • Reserve funds will be used to cover any remaining gap at year end.
    State Economic Impact Right Now
  • 20.
    • State funding is unknown until the legislature passes the School Finance Act
    • The state has less money and may have to cut education funding
    • Meanwhile, expenses will climb: PERA, health insurance, utilities, etc.
    • Federal stimulus money might be used to “backfill” state’s shortfall
    State Economic Impact Next School Year
  • 21.
    • For now, we are building a preliminary draft budget on the projection that our per-pupil funding will be exactly the same as 2008-09
    • This will be updated when the SFA is passed, likely to be in mid May.
    State Economic Impact Next School Year
  • 22.
    • Preserve employee jobs – avoid layoffs
    • Extend magnet funding for an additional year
    • Adopt a new elementary math curriculum
    • Restart the technology replacement cycle
    • Continue:
      • Aims Academy programs
      • Advanced Placement at high schools (equalized)
      • Current levels of elementary art, music, and PE
      • Current levels of G/T and ELL programs
      • Current levels of PD support
    2009-10 Budget BOE Priority Items
  • 23. Federal Stimulus Funds Will it help?
    • Funds are only available for two very specific programs:
        • Special Education programs
        • Title One Programs
    • Funds will only be available for two years.
    • Will not change our ranking in the state – we’ll still be 170 th .
    • Does not help our long-term financial issues.
  • 24.  
  • 25.
    • Dozens of citizen volunteers who are:
    • Reviewing district programs and areas of need
    • Reviewing costs and expenses
    • Asking questions, seeking clarification, being critics
    • Prioritizing the areas of need
    • Recommending course of action to the Board of Education in August 2009
  • 26.
    • Areas being studied:
    • Academic Programs
    • Student and Teacher Resources
    • Safety and Security
    • Co-Curricular and Extra-Curricular Activities
    • Operations, Facilities, and Transportation
  • 27.
    • Timeline:
    • April 23: CBRP committees present their findings
    • May: CBRP leadership team forms draft recommendation to BOE
    • June & July: CBRP collects community feedback on draft recommendations
    • August: BOE considers recommendation, decides what action to take
  • 28.
    • Considering the overall assessed value in Weld County, right now one mill would generate approximately $1 million dollars annually for Weld County School District 6.
    How Much Revenue Does a Mill Generate? Frequently Asked Questions
  • 29.
    • One mill would cost residential property owners 67 cents per month per $100,000 of assessed home value
    • One mill would cost business property owners $2.42 per month per $100,000 of assessed property value
    How Much Will it Cost in Increased Taxes? Frequently Asked Questions
  • 30. Thank You!