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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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Transcript

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