The 2nd Interim Financial Report projects that while the school district will have a positive fund balance for the current and next two years, the balance will deteriorate significantly without budget reductions as expenditures are projected to exceed revenues, resulting in a negative fund balance by 2014-15. The Superintendent will propose budget reduction solutions of $8-16 million over the next two years to avoid fiscal insolvency and ensure adoption of a balanced budget.
This PowerPoint presentation represents how I present a municipal budget in the form most easily understood by both elected officials and the public alike.
This PowerPoint presentation represents how I present a municipal budget in the form most easily understood by both elected officials and the public alike.
Document 14 - 16 Black men claim Buffalo Schools discriminated against themwkbw
The 7 Eyewitness News I-Team has been working since August of 2018 to uncover details surrounding a series of racial discrimination complaints filed with New York’s Division of Human Rights against Buffalo Public Schools.
Sample budget presentation for stakeholders. Find out how to compile and present data. Register for the Georgia 40-Hour Director's Training Credential workshop.
http://altheapenn.tripod.com/id20.html
Over the last six years, the Green Bay Area Public School District has made $42.5 milion in revenue enhancements and expenditure reductions. Due to a $534/per student decrease this year, the district had to manage a $20 million deficit. Increaseed staff contributions into retirement and health benefits helped cover $12 million of the shortfall. Additional reductions in restructuring, revenue enhancements, and other means helped cover the remaining $8 million, resulting in a balanced budget.
Document 14 - 16 Black men claim Buffalo Schools discriminated against themwkbw
The 7 Eyewitness News I-Team has been working since August of 2018 to uncover details surrounding a series of racial discrimination complaints filed with New York’s Division of Human Rights against Buffalo Public Schools.
Sample budget presentation for stakeholders. Find out how to compile and present data. Register for the Georgia 40-Hour Director's Training Credential workshop.
http://altheapenn.tripod.com/id20.html
Over the last six years, the Green Bay Area Public School District has made $42.5 milion in revenue enhancements and expenditure reductions. Due to a $534/per student decrease this year, the district had to manage a $20 million deficit. Increaseed staff contributions into retirement and health benefits helped cover $12 million of the shortfall. Additional reductions in restructuring, revenue enhancements, and other means helped cover the remaining $8 million, resulting in a balanced budget.
GPPSS 2013 Fund Equity Alternate RealityBrendan Walsh
Analysis of the Grosse Pointe Public School System in response to concerns about whether the district could have avoided a significant reduction in its fund equity levels.
2 Citizen Guide TABLE OF CONTENTSPWC Proposed FY 2.docxfelicidaddinwoodie
2 Citizen Guide
TABLE OF CONTENTS
PWC Proposed FY 2015 Budget ........................... 3
Strategic Plan ......................................................... 4
Your Tax Dollars At Work ..................................... 5
What Is the County Budget? ................................. 6
General Fund Revenue & Resource Summary...... 7
Where Does the Money Come From? ................... 8
Where Does the Money Go? ................................. 9
Major Budget Changes/Initiatives ...................... 10
How Do PWC Schools Fit In? ............................. 11
Budget Process .................................................... 12
How We Budget In PWC ..................................... 13
PWC Capital Improvement Program (CIP) ....... 14
Get Involved ........................................................ 15
Citizen Guide 3
PWC PROPOSED FY 2015 BUDGET
A Message from the
County Executive
On behalf of Prince William
County staff, I am pleased to
deliver the Prince William County
Executive’s Proposed FY 2015
Budget and the accompanying
2015 – 2019 Five Year Plan. The
Proposed Budget follows the policy
guidance provided by the Board
of County Supervisors (BOCS)
to prepare a balanced budget that
allows for no more than a 2.5%
increase in the average residential
tax bill. The Proposed Budget is
balanced at a tax rate of $1.126
per $100 of value and generates
an average residential tax bill of
$3,499, an $85 increase over the
updated FY 14 average of $3,414.
Through the County’s Strategic
Plan the community has identified
the initiatives they believe will take
us toward our vision and these
choices directed the development
of the Proposed Budget and 2015-
2019 Five Year Plan, within the
overall guidance provided by the
BOCS. The upcoming public
hearings provide the community
with yet another opportunity to
make their voices heard, and the
Our Community
FY 15 Population: 430,959 (includes towns)
Area: 348 Square Miles
Labor force: 230,529 (November 2013)
At-place employment: 117,965 (2nd Qtr. 2013)
Unemployment rate: 4.4% (November 2013)
Households married w. children 2012: 32.4%
Median Household Income 2012: $93,744 (ranked 12th in U.S.)
One-way average commute, 2012: 39.6 minutes (up from 36.9 in 2000)
Adults with college degree, 2012: 44.9%
Average assessed house value,
2013: $289,095 (all houses as of
January 2013)
Average sold house value:
$335,403 (Dec. 2013)
BOCS will once again balance what
the community says they want in
terms of services with what they are
willing to pay for those services to
form the adopted budget.
County staff remains committed
to our vision to do the “right
thing for our customers and the
community every time.” History
shows that when this organization
works together with the Board
and the community to make tough
decisions, our combined efforts
move us toward our adopted vision.
The most recent Community
...
Niagara Orleans School Board Association Legislative Breakfast PresentationDiane Phelps, PhD
This is a presentation I created for NOSBA. My intent was to use the data to concisely demonstrate the impact on our region of the Gap Elimination Adjustment. It has only been a few short years.
2. GENERAL
District’s projected financial picture as of January 31, 2013
District is using the standard revenue limit calculation based
on guidance from San Diego County Office of Education
Local Control Funding Formula is not being included in the
calculations since it is a proposal not law
Multi- Year Projection (MYP) includes 2012-13, 2013-14, 2014-
15.
2
3. ASSUMPTIONS
2013-14 2014-15
COLA: 1.65% COLA: 2.20%
Enrollment: 22,125 Enrollment: 21,925
1% Salary All Groups: 1,333,273 1% Salary All Groups: 1,353,173
Additional $1.1 million special Final $1.1 million special education
education revenue equalization revenue equalization reduction.
reduction.
Includes deficit spending for the Elementary, Middle, and HS class
restoration of 4 furlough days size reverts to previous contract
language: adds 85 FTE
Includes VTA .83% one time off Increase CSR funding of 1.5 million
schedule payment due to reduction of K-3 class size
3
4. MULTI-YEAR PROJECTION
2012-13 2013-14 2014-15
Revenues 178,363,219 175,860,188 177,833,955
Expenditures 189,573,917 190,207,060 197,297,627
Other Fin 1,406,179 39,500 39,500
Sources/Uses
Net (9,804,519) (14,297,162) (19,407,023)
Increase/Decrease
Beginning Fund 44,985,779 35,181,260 20,884,098
Balance
Ending Fund 35,181,260 20,884,098 1,477,076
Balance
4
5. ENDING BALANCE
Chart Title
2012-13 2013-14 2015-16
$35,181,260
$20,884,098
$1,477,076
Ending Fund Balance
5
6. • The ending fund balance summary shows that the District
will have positive fund balance for the current year and the
next two years; therefore, the District
• Has a Positive Certification for its 2nd Interim Financial
Report.
6
7. WHAT DOES THE DISTRICT
SPEND ITS MONEY ON?
Budget
Salary/Benefits
Supplies/Materials
Other Operating
Exp/Services
Capital Outlay
Other/Indirect/Debt
Svc
7
8. • Based on Data provided in unaudited actuals of the twelve
unified school districts in San Diego County:
• Vista is #1 in spending for instructional functions.
• Teacher salaries, benefits, materials, books, instructional
aides, etc.
• Vista is #11 in spending for Pupil Services functions.
• Counseling, nurses, student support services
• Vista is #11 in spending for General Administrative
functions.
• Superintendent, Business, Human Resources, Fiscal,
Purchasing, Information Technology
8
9. NEXT STEPS
• Deterioration of ending fund balance
• Results in fiscal insolvency
• Superintendent will bring forward budget reduction
solutions
• Of approximately $8 to 16 million over the 2 year period
starting 2013-14.
• Budget adoption will require the District to move a year
forward including the 2015-16 school year. If current
trends continues without any budget reduction solutions,
the District will have a negative budget.
9