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April 7 Board Worksession Tentative Budget   Final
April 7 Board Worksession Tentative Budget   Final
April 7 Board Worksession Tentative Budget   Final
April 7 Board Worksession Tentative Budget   Final
April 7 Board Worksession Tentative Budget   Final
April 7 Board Worksession Tentative Budget   Final
April 7 Board Worksession Tentative Budget   Final
April 7 Board Worksession Tentative Budget   Final
April 7 Board Worksession Tentative Budget   Final
April 7 Board Worksession Tentative Budget   Final
April 7 Board Worksession Tentative Budget   Final
April 7 Board Worksession Tentative Budget   Final
April 7 Board Worksession Tentative Budget   Final
April 7 Board Worksession Tentative Budget   Final
April 7 Board Worksession Tentative Budget   Final
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April 7 Board Worksession Tentative Budget Final

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Presentation of Tentative budget to Board of School Trustees

Presentation of Tentative budget to Board of School Trustees

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  • 1. Adoption<br />2011<br />of the<br />FY<br />Tentative<br />Budget<br />April 7, 2010<br />Board Work Session<br />1<br />
  • 2. Budget Timeline<br />Adoption of Tentative 2011 Budget April 7<br />Tentative Budget Submitted To State April 15<br />Adoption of Final 2011 Budget May 19<br />Final Budget Submitted to State June 8<br />Adoption of the tentative budget is required by April 15th. However, changes may be made prior to adoption of the final budget.<br />2<br />
  • 3. Where the District Spends Its $<br />3<br />
  • 4. How the District Spends Its $<br />*Other Objects: Legal Services, Financial Services, <br /> Professional Services, Staff Development, Training, <br /> Travel<br />4<br />
  • 5. Reductions in Positions To Date & Planned<br />*General Operating Fund Positions<br />5<br />
  • 6. Tentative Budget Summary<br />Total General Fund Expenditures<br />Total General Fund Revenue<br />Down<br />3.4%<br />Down<br />6.9%<br />- $ 76 million<br />- $ 141 million<br />The difference is partially made up through use of $40 million in fund balance (due to efficiencies) and $25 million in one-time capital funding.<br />6<br />
  • 7. Use of One-Time Sources<br />Fund Balance & Other One-Time Sources<br />Revenues<br />Revenues<br />Revenues<br />OK for temporary downturns in revenues<br />Not good to filllong-term shortfalls<br />7<br />
  • 8. Assumptions: Tentative Budget<br />All elementary schools on a nine-month calendarElementary schools convert from year-round to nine-month as per Regulation 7124<br />No changes in employee contract provisions<br />Class sizes in Grades 1-3 increased by 2 students<br />Textbook/supply budgets will be reduced<br />Student enrollment will decline slightly<br />Fund balance will be used to offset budget reductions<br />Administrative positions will be reduced by 10 percent<br />Federal Title I funding will be $6.9 million less<br />8<br />
  • 9. What These Assumptions Mean<br />School calendar conversions $5 million savings<br />Employee contract provisions:Step Increases $26 million costRetirement (PERS) no change<br />Class sizes in Grades 1-3 (540 positions) $30 million cut<br />Textbook/supply budgets $10 million cut<br />Student enrollment no change<br />Fund balance $40 million one-time savings<br />Administrative staffing (109 positions) $12 million cut<br />Federal Title I funding $6.9 million less<br />9<br />
  • 10. Changes Since Tentative Budget<br />The following changes occurred after development of the Tentative Budget and will need to be addressed prior to adoption of the Final Budget.<br />School calendar changes,other than by regulation,not implemented $12 million<br />State Department of Taxationupdated property tax estimates 18 million<br /> Additional Shortfall $30 million<br />$30 million, if taken from staffing, equates to an additional428 positionsthat would need to be cut.<br />10<br />
  • 11. Options for Cutting $30 Million<br />The following are options for dealing with the remaining $30 million budget deficit (subject to collective bargaining):<br />Reduce salaries (and PERS benefit base)by 1.85 percent<br />Implement furlough days for all employees(4 for licensed, support staff and police; 6 for administrators)<br />Employees share 15 percent of overall costof health insurance<br />Employees share 2.4 percent of overall costof retirement (PERS)<br />Freeze step increases ($26 million)<br />$30 million, if taken from staffing, equates to 428 positionsthat would need to be cut.<br />11<br />
  • 12. Positions That Would Need to be Cut<br />With NO changes to salaries, benefits, or to the work year:<br /> 540 Teaching positions (raising class sizes by 2 in grades 1-3)<br /> 109 Administrative Positions (90 school based,19 central office)<br /> 649 Already recommended to be eliminated<br />+ 428 Additional positions to balance ($30 million)<br /> 1,077 Total number of positions that would need to be <br /> cut<br />12<br />
  • 13. Alternative to Recommended Cuts<br />To restore the recommended increase in class size and the reduction in administrative staffing, as well as to accommodate other shortfalls…<br />…would require a 5.0 percent reduction in all employee salaries…<br />…and would allow restoration of 649 positions cut to balance the budget<br />13<br />
  • 14. For More Information…<br />Go to…<br />CCSD.net/finance<br />14<br />
  • 15. Budget Timeline<br />Adoption of Tentative 2011 Budget April 7<br />Tentative Budget Submitted To State April 15<br />Adoption of Final 2011 Budget May 19<br />Final Budget Submitted to State June 8<br />Adoption of the tentative budget is required by April 15th. However, changes may be made prior to adoption of the final budget.<br />15<br />

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