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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