May 19 Board Worksession Final Budget

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Presenting final budget for adoption by Board of School Trustees

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May 19 Board Worksession Final Budget

  1. 1. Adoption<br />2011<br />of the<br />FY<br />Final<br />Budget<br />May 19, 2010<br />Board Work Session<br />1<br />
  2. 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 />2<br />
  3. 3. Tentative Budget Assumptions<br />As Adopted April 7, 2010<br />All elementary schools on a nine-month calendar<br />No changes in employee contract provisions<br />Class sizes in Grades 1-3 increased by 2 students<br />Textbook/supply budgets reduced<br />Student enrollment will decline slightly<br />Fund balance used to offset budget reductions<br />Administrative positions reduced by 10 percent<br />Federal Title I funding will be $6.9 million less<br />3<br />
  4. 4. Updates Since Tentative Budget<br />The following changes occurred after adoption of the Tentative Budget on <br />April 7, 2010:<br />Confirmed that allElementary Schools will convert to nine-month calendars<br />Tentative agreements have been reached with the Teacher and Support Staff employee bargaining groups<br />4<br />
  5. 5. Remaining Shortfall<br />After inclusion of savings from converting all Elementary Schools to nine-month calendars…<br />…a shortfallof $25 millionremainsand has been deducted<br />from salary accountsto balance the 2011 Final Budget.<br />5<br />
  6. 6. Options for Dealing with Shortfall<br />Option 1:<br />Reach final agreement with the District’s 4 bargaining groups on needed changes in employee salaries and benefits.<br />Option 2:<br />Cut additional staff positions and/or reduce number of <br />paid days (within contract provisions).<br />A combination of these options might be necessary, depending upon final resolution of contracts with each of the District’s 4 bargaining groups.<br />6<br />
  7. 7. Summary of Major Compensation Issues Included in the 2010-11 Final Budget<br />Eliminating positions<br />Reducing the work year<br />Salary adjustments<br />7<br />
  8. 8. Reductions in Positions To Date & Planned<br />*General Operating Fund Positions<br />8<br />
  9. 9. Reduced Work Year Pay<br />Conversion of year-round schools to nine-month schedule<br /><ul><li>Teachers and Support Staff in year-round schools reduced to nine-month schedule
  10. 10. Principal year-round stipend eliminated
  11. 11. Add-on contracts for specialists in schools eliminated
  12. 12. Year-round principals retain their 12-month pay on nine-month schedules</li></ul>9<br />
  13. 13. Salary Adjustment by Employee Group<br />Teachers: (via tentative agreement for 2010-11)<br /><ul><li>Step raisesfrozen
  14. 14. Education growth raises - funded</li></ul>Support Staff: (via tentative agreement for 2010-11)<br /><ul><li>Step raisesfrozen
  15. 15. Benefit shift to cover PERS 0.5% at no additional cost</li></ul>10<br />
  16. 16. Salary Adjustment by Employee Group<br />Administrative, Confidential Employees: (via tentative agreement for 2010-11)<br /><ul><li>5-day pay reduction via furlough days</li></ul>Administrative, CCASAPE represented: (No agreement for 2009-10 or 2010-11)<br /><ul><li>Step raisesfunded</li></ul>11<br />
  17. 17. Salary Adjustment by Employee Group<br />School Police: (No agreement since 2007-08)<br /><ul><li>Step raises funded</li></ul>12<br />
  18. 18. 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 />Additional revisions to the 2011 budget can be made as part of the Amended Final Budget, to be presented for adoption in December 2010. <br />Or, alternatively, an augmented budget with requisite changes could be made in the interim.<br />13<br />

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