The document summarizes the Carlsbad Unified School District's second interim financial report. It notes that while the district can currently meet its financial obligations, it is projecting deficits of $5 million in 2012-2013 and $10.3 million in 2013-2014. Major changes include additional revenues but also expenditure reductions. The district remains in a qualified financial status and must resolve its deficit issues through collective bargaining negotiations over wages and benefits or other measures such as school closures or layoffs.
The proposed budget for Georgetown ISD for the 2011-2012 school year projects a $3.6 million surplus. Revenues are projected to decrease by $2.5 million from the state due to a revenue deficit, while expenditures are projected to decrease by $6.1 million through reductions in staffing and other areas. The budget maintains the tax rate of $1.04 for maintenance and operations and $0.25 for interest and sinking, for a total tax rate of $1.29. Fund balance is estimated to increase from $16 million in 2010-2011 to $19.6 million in 2011-2012.
FUS Mid-year Financial Update January 2012fusmadison
This document provides an overview and update of the financial situation for the FUS Capital and Operating Funds. It discusses revenue sources such as capital pledges, annual pledges, and other fundraising. It outlines capital expenses and debt obligations. The operating budget funds ongoing capital repayment through annual pledges. Maintaining status quo is challenging due to increasing debt payments and expenses. Program cuts may be needed if revenue growth does not keep pace. Community engagement and new funding sources are needed to manage the transition to full debt repayment.
This document provides information about school funding in California. It discusses how revenue limits are calculated based on average daily attendance and local property taxes. It notes that while some districts receive little state aid, categorical funding is being reduced. Charts show declining per-student funding in California compared to top performing states. The document also includes district-specific data on revenues, expenditures, ADA, sources of funding, and expenditure categories. It outlines proposed budget cuts, potential layoffs, and options to resolve a $5 million budget deficit, including school closures. API scores for the district are also shown.
This document discusses cash flow statements and funds flow statements. It provides examples of how to calculate changes in cash based on changes in assets, liabilities, and equity between two periods. It also includes sample income statements, balance sheets, and sources and uses statements for a company called Basket Wonders, and shows how to calculate sources and uses of funds based on the financial statements.
"Financial Sustainability: Creating a University of the 21st Century." A presentation by UC Davis Vice Chancellor and Chief Financial Officer, Dave Lawlor.
The document provides the budget presentation for the Garnet Valley School District for fiscal year 2010-2011. It includes a summary of the district's 2009-2010 revenue budget performance and projections, showing revenues are projected to be under budget by $1.2 million. It also outlines the district's 2010-2011 budget, showing a budget to budget increase in revenues of $3.1 million and expenditures of $4.5 million, resulting in an increase to the ending fund balance of $4.5 million. Significant over-expenditures in special education from the prior year are also noted.
The budget analysis document provides an overview of India's budget for 2013-14. Some key details include:
- The total budget size for 2013-14 is Rs. 16,65,297 crore with total receipts and expenditures both at this amount.
- Revenue deficit is projected at Rs. 3,79,838 crore and fiscal deficit at Rs. 5,42,499 crore.
- Tax revenue is projected to increase by 19.12% over the previous year to Rs. 8,84,078 crore.
- Central plan expenditure is projected to increase by 22.28% to Rs. 6,80,123 crore with the largest allocations to sectors like rural development,
The proposed budget for Georgetown ISD for the 2011-2012 school year projects a $3.6 million surplus. Revenues are projected to decrease by $2.5 million from the state due to a revenue deficit, while expenditures are projected to decrease by $6.1 million through reductions in staffing and other areas. The budget maintains the tax rate of $1.04 for maintenance and operations and $0.25 for interest and sinking, for a total tax rate of $1.29. Fund balance is estimated to increase from $16 million in 2010-2011 to $19.6 million in 2011-2012.
FUS Mid-year Financial Update January 2012fusmadison
This document provides an overview and update of the financial situation for the FUS Capital and Operating Funds. It discusses revenue sources such as capital pledges, annual pledges, and other fundraising. It outlines capital expenses and debt obligations. The operating budget funds ongoing capital repayment through annual pledges. Maintaining status quo is challenging due to increasing debt payments and expenses. Program cuts may be needed if revenue growth does not keep pace. Community engagement and new funding sources are needed to manage the transition to full debt repayment.
This document provides information about school funding in California. It discusses how revenue limits are calculated based on average daily attendance and local property taxes. It notes that while some districts receive little state aid, categorical funding is being reduced. Charts show declining per-student funding in California compared to top performing states. The document also includes district-specific data on revenues, expenditures, ADA, sources of funding, and expenditure categories. It outlines proposed budget cuts, potential layoffs, and options to resolve a $5 million budget deficit, including school closures. API scores for the district are also shown.
This document discusses cash flow statements and funds flow statements. It provides examples of how to calculate changes in cash based on changes in assets, liabilities, and equity between two periods. It also includes sample income statements, balance sheets, and sources and uses statements for a company called Basket Wonders, and shows how to calculate sources and uses of funds based on the financial statements.
"Financial Sustainability: Creating a University of the 21st Century." A presentation by UC Davis Vice Chancellor and Chief Financial Officer, Dave Lawlor.
The document provides the budget presentation for the Garnet Valley School District for fiscal year 2010-2011. It includes a summary of the district's 2009-2010 revenue budget performance and projections, showing revenues are projected to be under budget by $1.2 million. It also outlines the district's 2010-2011 budget, showing a budget to budget increase in revenues of $3.1 million and expenditures of $4.5 million, resulting in an increase to the ending fund balance of $4.5 million. Significant over-expenditures in special education from the prior year are also noted.
The budget analysis document provides an overview of India's budget for 2013-14. Some key details include:
- The total budget size for 2013-14 is Rs. 16,65,297 crore with total receipts and expenditures both at this amount.
- Revenue deficit is projected at Rs. 3,79,838 crore and fiscal deficit at Rs. 5,42,499 crore.
- Tax revenue is projected to increase by 19.12% over the previous year to Rs. 8,84,078 crore.
- Central plan expenditure is projected to increase by 22.28% to Rs. 6,80,123 crore with the largest allocations to sectors like rural development,
This document summarizes a school district's 2012-2013 budget. It discusses declining state aid, cuts made over the past two years including positions and programs, drivers of increased costs like health insurance and retirement costs, proposed cuts for the coming year including positions and programs, keeping the budget within the tax cap with a estimated tax rate increase of 1.27%, and asking voters to approve the $20,506,817 budget and elect a school board candidate.
This document provides a monthly spending plan template for budgeting income and expenses. It includes sections to list income sources and priority-ranked expenses categories with space to plan amounts and track actual spending. Guidelines at the bottom suggest typical percentages of income to allocate to major expense categories like housing, food, utilities, transportation and savings. The template aims to help users balance their monthly finances through planning and tracking spending.
This document summarizes DeVry's strategic plan to strengthen its core business of providing career-oriented education through investments in areas like technology and faculty, while also diversifying its business across different academic programs, education levels, and geographies. It discusses DeVry's history of growth and financial performance, current challenges around enrollment and earnings declines, and a 5-point plan to improve performance through cost alignment, recruiting enhancements, awareness building, targeted investments, and developing faculty.
The 2012-13 budget document summarizes the district's mission to provide a sound basic education to all students, quotes Governor Cuomo on education inequity, and outlines budget and staffing cuts over the past two years due to declining state aid. It then provides details on revenue sources, expenditure assumptions, major cost drivers like health insurance and retirement increases, and potential budget cuts to close an $800,000 gap and stay within the tax cap limit.
Alameda County 2011-12 Proposed Budget OverviewKeith Carson
The document provides an overview of Alameda County's proposed budget for FY 2011-12. It discusses economic factors like unemployment rates, home values, and tax revenues that impact the budget. The proposed $2.056 billion budget is $45 million less than FY 2010-11 and reduces positions by 55. It allocates over half of funding from state/federal aid and about 15% each from property taxes and charges for services. Major expenditures include health care, public assistance, and public protection.
The document summarizes Illinois' 2012 budget funding sources and spending. It states that the general revenue fund provides 50.3% of funding, other state funds provide 36%, and federal funds provide 13.7%. It also states that human services receives 45% of state spending, education receives 42%, public safety receives 5%, and other receives 8%. The document then shows trends of increasing spending on Medicaid and pensions squeezing spending on other programs like education and agriculture.
The document summarizes a meeting of the Cook County Pension Sub-Committee where Commissioner Gainer presented several options to improve the funded status of the county pension plan including increasing employer and employee contributions as well as reducing retirement benefits, and discussed research on how 401k plans are used which found that loans, withdrawals and cash outs reduce future retirement income.
Lyons Document Storage Corporation: Bond AccountingVijay Somu
Lyons Document Storage issued $10 million in bonds in 1999 at a discount rate of 8% when market rates were 9%. As a result, the company only received around $9.1 million in proceeds. Rene Cook, the controller, must now decide whether to issue new $10 million bonds at 6% to repay the old higher interest bonds. Issuing new bonds at a lower rate could save on interest costs over the life of the bonds. However, the company would have to pay $11.52 million to repay the old bonds immediately, resulting in a one-time loss. Remaining with the existing bonds would cost more in interest payments over time. Cook determines that issuing just $11.54 million in new bonds
Credit Suisse held a financial services forum on February 4, 2009 to discuss Sallie Mae's business fundamentals, financial outlook, and liquidity position. Key points included:
1) Sallie Mae has a strong franchise in student lending with competitive scale and assured FFELP profitability through 2010.
2) Liquidity is improving through various government funding programs and expanding deposit funding.
3) The outlook forecasts $5-6 billion in new private loan originations, $21-23 billion in FFELP loans, earnings per share of $1.45-$1.65, and continued management of credit quality and provision expenses.
The document provides an earnings review for 2011 that includes the following key points:
1. Financial highlights show increased gross revenue, gross profit, and EBITDA for 2011 compared to 2010, but a net loss. Q4 2011 also saw increases over Q4 2010.
2. Operational highlights include acquisitions, geographic expansion, new products from research and development, and other accomplishments like regulatory approvals.
3. Expectations for 2012 include new product releases from research and development, increased revenue opportunities from expansion, potential acquisitions, and other initiatives.
The document summarizes SEB's competitive position and performance in Q2 2009. Key points include:
- SEB maintained strong income generation and cost control in Q2 despite market turbulence.
- Asset quality remained stable outside the Baltic region, while provisions continued to build reserves for Baltic challenges.
- SEB has a well-diversified Nordic-focused credit portfolio and limited exposure to riskier sectors.
- The economies of Sweden and the Baltics are stabilizing and expected to recover in 2010-2011.
Stimulas Funds Reporting for City of Vancouver and Clark CountyDebra Kalz
The City of Vancouver received a total of $4.3 million in awards from the Department of Justice COPS Hiring Recovery Program, including two grants for the city totaling $4.1 million and two sub-recipient awards for $809,881. The funds aimed to hire 10 new police officers to fill vacant positions due to budget cuts. However, as of the first quarter of 2010, no officers had been hired yet due to delays from local budget problems and prioritizing other vacant positions first before grant-funded roles.
This document provides an overview of Nelnet's mission, vision, values, corporate objectives, and business segments. The company's mission is to create opportunities for people through education services. Its vision is to empower customers to achieve their dreams. The corporate objectives include enhancing customer experiences, growing the core business, diversifying products/services, and exceeding financial targets. The main business segments are Nelnet Diversified Solutions (NDS), Nelnet Business Solutions (NBS), ALLO Communications (ALLO), and Asset Generation and Management (AGM). NDS provides student loan origination/servicing, NBS offers education payment plans/software, ALLO provides fiber optic internet/TV services, and AGM manages loan assets
The document provides information on the 2012-2013 budget presentation for the Lopatcong Township School District. The budget totals $15,834,931 and maintains current educational programs while facing rising costs, especially in tuition and employee benefits. It meets the state tax levy cap but requires reductions like postponing facility projects and eliminating positions. The general fund tax levy of $11.6 million represents a 2.6% tax rate increase for district taxpayers.
Here is a fabulous tool you might find useful for your individual tax return preparation.
This document contains key numbers and tax rate tables for 2011 and 2012.
Tentative budget presentation to Board of TrusteesJeff Weiler
The document summarizes the Clark County School District's tentative budget for the 2012-2013 fiscal year. It notes that total revenues are projected to decrease by $7 million from the previous year due to a smaller increase in state funding and a projected drop in property tax revenues. Expenditures are budgeted to decrease by $15.6 million from the prior year through concessions from employee unions and reductions elsewhere. The budget faces a potential shortfall of $3-63.9 million depending on the outcome of arbitration with teachers. The tentative budget will be presented to the school board for approval on May 16.
Sallie Mae reported quarterly financial results. Net income for Q2 2007 was $966 million, up significantly from $116 million in Q1 2007. This was primarily driven by a large unrealized gain on equity forward contracts due to an increase in the company's stock price. However, core earnings per share fell short of goals due to higher than expected loan losses in the private education loan portfolio. Despite challenges, loan origination volumes grew compared to the prior year.
This document summarizes budget assumptions for the 2012-13 school year. It outlines that the budget depends on a tax initiative passing in November 2012. If it passes, funding could decrease. If it fails, revenues may be reduced by $441 per student. The assumptions include a 0% COLA, increasing healthcare and pension costs, and $6.1 million in expenditure reductions through cuts and relocating a school. The board is recommended to accept the presented assumptions.
The document discusses budget updates for a school district, including projected deficits for the 2012-13 and 2013-14 fiscal years that were reduced from earlier projections due to increased revenues and $1.4 million in expenditure cuts. Charts and data are presented on enrollment trends, revenues per student comparisons with other districts, historical expenses, and the breakdown of the district's current expenses. Next steps to resolve the remaining $5 million deficit are outlined, including collective bargaining, school closures and reorganizations, and revenue enhancements.
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.
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.
The proposed 2012-2013 budget for the Greenwich Township School District totals $11,734,051, a decrease of $385,757 or 3.4% from the 2011-2012 budget. The budget relies on a proposed tax levy of $9,447,453, which would result in a school tax rate of $1.706 per $100 of assessed property value, an increase of $0.140 from the previous year. The budget focuses on maintaining academic programs and technology while implementing cost savings through shared services.
This document summarizes a school district's 2012-2013 budget. It discusses declining state aid, cuts made over the past two years including positions and programs, drivers of increased costs like health insurance and retirement costs, proposed cuts for the coming year including positions and programs, keeping the budget within the tax cap with a estimated tax rate increase of 1.27%, and asking voters to approve the $20,506,817 budget and elect a school board candidate.
This document provides a monthly spending plan template for budgeting income and expenses. It includes sections to list income sources and priority-ranked expenses categories with space to plan amounts and track actual spending. Guidelines at the bottom suggest typical percentages of income to allocate to major expense categories like housing, food, utilities, transportation and savings. The template aims to help users balance their monthly finances through planning and tracking spending.
This document summarizes DeVry's strategic plan to strengthen its core business of providing career-oriented education through investments in areas like technology and faculty, while also diversifying its business across different academic programs, education levels, and geographies. It discusses DeVry's history of growth and financial performance, current challenges around enrollment and earnings declines, and a 5-point plan to improve performance through cost alignment, recruiting enhancements, awareness building, targeted investments, and developing faculty.
The 2012-13 budget document summarizes the district's mission to provide a sound basic education to all students, quotes Governor Cuomo on education inequity, and outlines budget and staffing cuts over the past two years due to declining state aid. It then provides details on revenue sources, expenditure assumptions, major cost drivers like health insurance and retirement increases, and potential budget cuts to close an $800,000 gap and stay within the tax cap limit.
Alameda County 2011-12 Proposed Budget OverviewKeith Carson
The document provides an overview of Alameda County's proposed budget for FY 2011-12. It discusses economic factors like unemployment rates, home values, and tax revenues that impact the budget. The proposed $2.056 billion budget is $45 million less than FY 2010-11 and reduces positions by 55. It allocates over half of funding from state/federal aid and about 15% each from property taxes and charges for services. Major expenditures include health care, public assistance, and public protection.
The document summarizes Illinois' 2012 budget funding sources and spending. It states that the general revenue fund provides 50.3% of funding, other state funds provide 36%, and federal funds provide 13.7%. It also states that human services receives 45% of state spending, education receives 42%, public safety receives 5%, and other receives 8%. The document then shows trends of increasing spending on Medicaid and pensions squeezing spending on other programs like education and agriculture.
The document summarizes a meeting of the Cook County Pension Sub-Committee where Commissioner Gainer presented several options to improve the funded status of the county pension plan including increasing employer and employee contributions as well as reducing retirement benefits, and discussed research on how 401k plans are used which found that loans, withdrawals and cash outs reduce future retirement income.
Lyons Document Storage Corporation: Bond AccountingVijay Somu
Lyons Document Storage issued $10 million in bonds in 1999 at a discount rate of 8% when market rates were 9%. As a result, the company only received around $9.1 million in proceeds. Rene Cook, the controller, must now decide whether to issue new $10 million bonds at 6% to repay the old higher interest bonds. Issuing new bonds at a lower rate could save on interest costs over the life of the bonds. However, the company would have to pay $11.52 million to repay the old bonds immediately, resulting in a one-time loss. Remaining with the existing bonds would cost more in interest payments over time. Cook determines that issuing just $11.54 million in new bonds
Credit Suisse held a financial services forum on February 4, 2009 to discuss Sallie Mae's business fundamentals, financial outlook, and liquidity position. Key points included:
1) Sallie Mae has a strong franchise in student lending with competitive scale and assured FFELP profitability through 2010.
2) Liquidity is improving through various government funding programs and expanding deposit funding.
3) The outlook forecasts $5-6 billion in new private loan originations, $21-23 billion in FFELP loans, earnings per share of $1.45-$1.65, and continued management of credit quality and provision expenses.
The document provides an earnings review for 2011 that includes the following key points:
1. Financial highlights show increased gross revenue, gross profit, and EBITDA for 2011 compared to 2010, but a net loss. Q4 2011 also saw increases over Q4 2010.
2. Operational highlights include acquisitions, geographic expansion, new products from research and development, and other accomplishments like regulatory approvals.
3. Expectations for 2012 include new product releases from research and development, increased revenue opportunities from expansion, potential acquisitions, and other initiatives.
The document summarizes SEB's competitive position and performance in Q2 2009. Key points include:
- SEB maintained strong income generation and cost control in Q2 despite market turbulence.
- Asset quality remained stable outside the Baltic region, while provisions continued to build reserves for Baltic challenges.
- SEB has a well-diversified Nordic-focused credit portfolio and limited exposure to riskier sectors.
- The economies of Sweden and the Baltics are stabilizing and expected to recover in 2010-2011.
Stimulas Funds Reporting for City of Vancouver and Clark CountyDebra Kalz
The City of Vancouver received a total of $4.3 million in awards from the Department of Justice COPS Hiring Recovery Program, including two grants for the city totaling $4.1 million and two sub-recipient awards for $809,881. The funds aimed to hire 10 new police officers to fill vacant positions due to budget cuts. However, as of the first quarter of 2010, no officers had been hired yet due to delays from local budget problems and prioritizing other vacant positions first before grant-funded roles.
This document provides an overview of Nelnet's mission, vision, values, corporate objectives, and business segments. The company's mission is to create opportunities for people through education services. Its vision is to empower customers to achieve their dreams. The corporate objectives include enhancing customer experiences, growing the core business, diversifying products/services, and exceeding financial targets. The main business segments are Nelnet Diversified Solutions (NDS), Nelnet Business Solutions (NBS), ALLO Communications (ALLO), and Asset Generation and Management (AGM). NDS provides student loan origination/servicing, NBS offers education payment plans/software, ALLO provides fiber optic internet/TV services, and AGM manages loan assets
The document provides information on the 2012-2013 budget presentation for the Lopatcong Township School District. The budget totals $15,834,931 and maintains current educational programs while facing rising costs, especially in tuition and employee benefits. It meets the state tax levy cap but requires reductions like postponing facility projects and eliminating positions. The general fund tax levy of $11.6 million represents a 2.6% tax rate increase for district taxpayers.
Here is a fabulous tool you might find useful for your individual tax return preparation.
This document contains key numbers and tax rate tables for 2011 and 2012.
Tentative budget presentation to Board of TrusteesJeff Weiler
The document summarizes the Clark County School District's tentative budget for the 2012-2013 fiscal year. It notes that total revenues are projected to decrease by $7 million from the previous year due to a smaller increase in state funding and a projected drop in property tax revenues. Expenditures are budgeted to decrease by $15.6 million from the prior year through concessions from employee unions and reductions elsewhere. The budget faces a potential shortfall of $3-63.9 million depending on the outcome of arbitration with teachers. The tentative budget will be presented to the school board for approval on May 16.
Sallie Mae reported quarterly financial results. Net income for Q2 2007 was $966 million, up significantly from $116 million in Q1 2007. This was primarily driven by a large unrealized gain on equity forward contracts due to an increase in the company's stock price. However, core earnings per share fell short of goals due to higher than expected loan losses in the private education loan portfolio. Despite challenges, loan origination volumes grew compared to the prior year.
This document summarizes budget assumptions for the 2012-13 school year. It outlines that the budget depends on a tax initiative passing in November 2012. If it passes, funding could decrease. If it fails, revenues may be reduced by $441 per student. The assumptions include a 0% COLA, increasing healthcare and pension costs, and $6.1 million in expenditure reductions through cuts and relocating a school. The board is recommended to accept the presented assumptions.
The document discusses budget updates for a school district, including projected deficits for the 2012-13 and 2013-14 fiscal years that were reduced from earlier projections due to increased revenues and $1.4 million in expenditure cuts. Charts and data are presented on enrollment trends, revenues per student comparisons with other districts, historical expenses, and the breakdown of the district's current expenses. Next steps to resolve the remaining $5 million deficit are outlined, including collective bargaining, school closures and reorganizations, and revenue enhancements.
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.
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.
The proposed 2012-2013 budget for the Greenwich Township School District totals $11,734,051, a decrease of $385,757 or 3.4% from the 2011-2012 budget. The budget relies on a proposed tax levy of $9,447,453, which would result in a school tax rate of $1.706 per $100 of assessed property value, an increase of $0.140 from the previous year. The budget focuses on maintaining academic programs and technology while implementing cost savings through shared services.
The Carlsbad Unified School District Board took action to reduce expenditures by $2.26 million by the end of 2012-2013 to lower their projected deficit to $8.3 million. Expenditure reductions included delaying the opening of a new school, reducing administrative positions, stipends, travel budgets, and discretionary site and department accounts. The Board also eliminated and reduced several programs and classified positions. Given these reductions, the remaining deficit would need to be addressed through reductions to total employee compensation of potentially 14.6%. A state budget shortfall and potential mid-year funding reductions from the state could further increase the district's projected deficit. The district is also pursuing revenue enhancement strategies like renegotiating joint-use
2012 2013 Budget Presentation March 27 2012Bonnie Dilling
The document discusses the Northern Bedford County School District's proposed 2012/13 general fund budget, including revenues, expenditures, capital projects, food service plans, technology initiatives, and other budget details. It also outlines long-term financial issues like rising pension costs and decreasing fund balances if expenditures continue to exceed revenues. The proposed budget faces a $890,668 deficit that would decrease available funds, though no tax increase is currently planned.
The document summarizes budget and program impact data from 10 school districts in New York. It describes how the districts have had to deplete reserves, cut staff and programs, increase class sizes, and reduce services due to reductions in state aid and increases in costs like pensions over the past several years. The districts project continuing deficits and the need for further cuts if revenues do not increase or costs are not controlled. Questions are posed to legislators on the Gap Elimination Adjustment, strategies for district leaders, potential regionalization, and how the legislators will represent the districts in Albany.
The document summarizes a school district's 2012-13 budget, which relies on $5 million in deficit spending. It notes reductions in property tax estimates and plans to sweep funds into reserves. Projected deficits are $11 million for 2013-14 and $10 million for 2014-15. The assistant superintendent recommends adopting the proposed annual budget and continuing efforts to reduce expenses, increase revenues, and communicate financial information to the community.
This document summarizes the 2012-13 budget for the Williamson Central School District. It outlines the district's mission to provide a sound basic education to all students. It shows budget amounts from 2008-2009 to the present, with a 1.44% decrease in 2011-2012. It also lists positions and programs that have been cut in previous years due to state aid losses totaling $3.2 million. The document proposes further cuts of at least $800,000 needed to bring the 2012-13 budget to around $20.5 million, which is estimated to be within the tax cap limit. Potential cuts include positions in English, science, social studies and special education. It provides enrollment data and discusses covering cuts through changing
The document provides fiscal assumptions and projections for a school district's budget from 2011-12 through 2013-14. It includes assumptions about revenues, expenditures, staffing levels, and other factors. Charts show historical and projected revenues and expenditures. The district is facing reductions in state funding and increasing costs, and has made staffing and program reductions in response. Approval of the assumptions would allow completing multi-year budget projections.
This document summarizes the 2012-13 budget for a school district. It shows that state aid has decreased in recent years while costs like health insurance and retirement have increased substantially. To address the budget gap, the district has eliminated positions over the past two years and may need to cut additional positions or programs. The total budget increase of 0.62% remains within the tax cap limit with an estimated tax rate increase of $1.28 per $1,000 of assessed value.
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
...
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.
FUS Mid-year Financial Update January 2012fusmadison
Thank you for the detailed financial update. I appreciate you taking the time to provide this overview and analysis. It is helpful to understand both the opportunities and challenges ahead as we work together towards a sustainable future for our congregation.
The document outlines the 2012-13 budget for a school district. It discusses the district's obligation to provide a sound basic education to all students according to a 2003 court ruling. The budget faces cuts of at least $800,000 to account for rising healthcare and retirement costs as well as modest salary increases. Further deficit spending and reliance on reserves is not sustainable and will compound the district's financial problems.
This document summarizes the 2013-2014 budget for the Williamson school district. It outlines gaps in state funding that remain from previous years and budget cuts that have been made. The proposed 2013-2014 budget of $21,051,455 represents a 2.66% increase over the previous year. This budget will be voted on in a proposition along with propositions to purchase new buses using reserves and establish a new bus reserve fund.
This document provides information about a proposed $5,970,000 general obligation refunding bond issue for the City of San Angelo, Texas. It outlines the preliminary refunding summary, including projected annual debt service savings of over $431,000. It also presents a timeline of key events for the bond issue, including City Council consideration and authorization, application to rating agencies, and distribution of documents to underwriters.
The document summarizes the state of Georgetown ISD for the 2011-2012 school year. It discusses district statistics like enrollment numbers, demographics, finances, and bond project progress. The district has seen increasing enrollment projections but decreasing state funding. To address budget shortfalls, the district reduced staffing positions by 142 and cut over $6.5 million in spending. The district continues making progress on bond-funded construction projects. Academic performance remains high with over 90% of students meeting state standards in core subjects.
El superintendente del Distrito Escolar de Vista informa sobre el progreso de la Estrategia 2 del Plan Maestro, la cual se enfoca en instalaciones y recursos del siglo 21. Se han realizado mejoras a la infraestructura tecnológica, se ha implementado un plan de reemplazo de computadoras, y se ha mejorado el acceso a internet. También se han realizado proyectos de mantenimiento a instalaciones como pintura, asfalto y seguridad, así como la construcción de una nueva biblioteca y centro de recreación. El distrito
The superintendent provided an update on Strategy 2 of the district's Blueprint for Educational Excellence and Innovation, which focuses on 21st century facilities and resources. This year, the district will replace half of all desktop computers and upgrade internet connectivity at all schools. The district is also working to develop flexible classrooms, 21st century library facilities, and piloting instructional spaces at five schools. Efforts are underway to address critical facility needs through projects like new paint, carpet, fields, and safety upgrades. The district received a donation of flexible furniture that will help develop new models of learning environments adapted to student needs.
The superintendent provides an update on the Vista Unified School District's progress and plans for the 2015-16 school year. Key points include:
- The district's vision is to be a model of educational excellence and innovation, and its mission focuses on inspiring critical thinking and collaboration to solve real-world problems.
- Last year, the district saw improvements in early literacy and English learner reclassification due to implementing its strategic "Blueprint for Educational Excellence and Innovation."
- The district is expanding family and community partnerships, including hiring more community liaisons and launching a family engagement network.
El distrito escolar de Vista ha implementado un Plan Maestro para lograr su visión de ser un modelo de excelencia educativa e innovación. El Plan Maestro se centra en el desarrollo de alianzas con familias y la comunidad, y en estrategias como el aprendizaje personalizado. Los resultados del primer año han sido positivos, con mejoras en lectoescritura temprana y un aumento en los cursos avanzados. El distrito planea expandir sus alianzas y proyectos de aprendizaje a través del servicio comunitario.
The superintendent welcomed families to the 2013-14 school year and shared information about improvements to technology infrastructure and online resources to expand learning opportunities. Vista Unified has upgraded network equipment and wireless access, implemented Google Apps for Education and a learning management system called My Big Campus for online collaboration. The district has also updated its student information system portal to provide progress reports and allow online access from any device. These changes are designed to improve connectivity and transition to new academic standards.
El superintendente escolar da la bienvenida a los estudiantes y personal al nuevo año escolar y destaca las mejoras tecnológicas realizadas, incluyendo una red inalámbrica más rápida, el uso de Google Apps y My Big Campus para el aprendizaje en línea, y la actualización del portal para padres. El distrito también se enfocará en implementar los estándares comunes y una nueva evaluación en línea el próximo año escolar, mientras que los maestros reciben capacitación para integrar las nuevas tecnologías en la
Sierra Vista Graduation Speech - Dr. Vodickadvodicka
The superintendent saw courage demonstrated by students and teachers at Sierra Vista High School on multiple visits. He observed courage when students maintained a school garden, shared motivational speeches, made musical instruments, conducted science experiments, and faced challenges with smiles and determination. Reviews of the school newspaper highlighted how the school feels like a loving family. In his graduation speech, the superintendent thanked the students for demonstrating "Courage Every Day," as the school motto states, and encouraged them to continue standing strong in the face of adversity.
The Superintendent's Advisory Committee on Magnet Schools met monthly to discuss recommendations for the district's magnet program. A survey of stakeholders at the four current magnet schools was analyzed and next steps suggested. A separate survey of K-8 families regarding a possible magnet theme for Washington Middle School resulted in a recommendation for a "Design and Innovation" theme. The committee unanimously recommended the Superintendent approve three magnet pathways - STEM, Arts/Design, and International Baccalaureate - and the specific "Innovation and Design" focus for Washington Middle School.
Roles and responsibilities information item may 2013dvodicka
- Dr. Vodicka outlines a framework for the future of Vista Unified School District that includes a vision, mission, values, goals, and roles and responsibilities.
- The goals focus on student enrollment, achievement, graduation rates, college readiness, English learner reclassification, and more. Metrics and targets are provided for each goal.
- Dr. Vodicka proposes developing informal and formal networks through school clusters and cross-functional groups to achieve the goals. Modest changes for 2013-14 and more ambitious future steps are outlined.
- Questions are posed to the board regarding reactions to the cluster and department proposals, as well as next steps.
The Vista Unified School District and the California School Employees Association met to discuss contract negotiations. They reached an agreement regarding reducing campus assistants. They also discussed the district's initial proposals, but CSEA did not provide a counterproposal. CSEA indicated they were not ready to discuss their initial proposal yet. The district expressed their interest in resolving the outstanding issues before the current contract expires at the end of June. Future negotiation meetings were scheduled for May, June and July.
VUSD Math and Dr. Boaler Parent Night 5.23.13dvodicka
Professor Jo Boaler from Stanford University will discuss how students learn mathematics and how parents can support a growth mindset at a Math Parent Night for students in grades 4-8. The event will take place on May 23rd at Washington Middle School and discuss the transition to the Common Core State Standards in mathematics. Dr. Jo Boaler is a leading mathematics education expert who will share her research on how the Standards focus on building deep understanding through fewer concepts and the Eight Standards of Mathematical Practice.
The Vista Unified School District and the California School Employees Association met to discuss contract negotiations. CSEA disagreed with the District's decision to reduce Campus Assistant I positions. The parties discussed training District financials using the Fair Share model. CSEA provided their initial proposal and the District will provide theirs on May 17th. They set future meeting dates to continue negotiations and resolve issues before the current contract expires on June 30th.
The document outlines the process used to determine start and end times for schools in the Vista Unified School District for the 2013-2014 school year. A superintendent's advisory committee with representatives from various stakeholder groups analyzed attendance data and transportation presentations to recommend a new schedule. The recommended schedule includes earlier start times for some elementary schools, shifting some schools from early to late schedules, and aligning kindergarten schedules across the district using an early bird/later gator model. The superintendent supports the committee's recommendation and will communicate the new schedules to families by May 2013.
District magnet recommendation 3 14-13 postbrddocsdvodicka
The Superintendent's Advisory Committee recommends closing the Vista Academy of Visual/Performing Arts (VAVPA) middle school program due to declining enrollment, facility needs, and budget cuts. The rationale includes being in year 5 of program improvement, few students matriculating to Mission Vista High School, and a small number of only 300 students in grades 6-8. Next steps discussed include articulating magnet programs from elementary to high school and closing the 6-8 grade program at VAVPA as of June 30, 2013 while giving current students an extended transfer window.
The document outlines Vista Unified School District's goals of establishing standardized safety, security, and crisis management protocols. It discusses gathering stakeholder input and reviewing every campus in areas like safe school plans, security protocols, fencing, locks, communication and alarm systems. An outside firm will provide a security review and recommendations for each campus on topics like fencing, cameras and lighting. The overall goal is to ensure student, employee and visitor safety.
The Special Ed Task Force is charged with defining an instructional model that promotes high-quality teaching and learning assessed through multiple measures of student achievement. Presenters discussed moving from pull-out to inclusion models and content-centered instruction aligned with common core standards. Next steps include developing a strategic plan around service priorities like student identification, instructional delivery, leadership, communication, and program monitoring.
The document provides recommendations for reducing transportation costs in the Vista Unified School District. It notes a projected budget deficit and need to reduce optional transportation services. Community meetings were held where attendees provided input on transportation issues and potential solutions for 8 schools. A three-year plan is proposed to reduce special education transportation costs by aligning with the state average, analyzing current caseloads, and moving to a neighborhood model. An initial estimated savings of $350,000 is provided for 2013-14.
World languages and vapa update 3 6 2013rvdvodicka
The Curriculum and Instruction Department has established quarterly round tables for middle and high school world language teachers to align curriculum with state and national standards. They have revised Spanish 1 and added Mandarin Chinese 1 and 2 courses. They also plan to revise Spanish 2, French and German courses. Additionally, they created a VUSD Arts Networking Group to develop a three-year strategic plan for arts education through professional development and curriculum revision. The group has already discussed how arts relate to Common Core and goals for an ideal program.
This document proposes new measurable goals for a school district to align with its vision, mission, and values. It outlines 11 proposed goals in areas such as student achievement, attendance, behavior, college readiness, and surveys. Metrics and targets are provided for each goal from 2009-2010 through 2014-2015. Key strategies are identified to achieve the goals, and next steps are outlined to finalize and implement the framework.
This document discusses the current state of the school district's transportation services and the need for investments to upgrade the aging bus fleet. It notes that transportation can be divided into mandated services for special education and other groups, and optional home-to-school services, which have been reduced due to budget cuts. Only 8.9% of students currently use transportation. The fleet is aging and will require $4.74 million in upgrades including new buses and fueling infrastructure. Providing these services results in an annual $4 million deficit that represents about 2% of the total budget. Next steps proposed are to define savings targets and refine service levels to meet those targets through analyzing special education routes and holding community meetings on affected home-to-
How to Build a Module in Odoo 17 Using the Scaffold MethodCeline George
Odoo provides an option for creating a module by using a single line command. By using this command the user can make a whole structure of a module. It is very easy for a beginner to make a module. There is no need to make each file manually. This slide will show how to create a module using the scaffold method.
How to Add Chatter in the odoo 17 ERP ModuleCeline George
In Odoo, the chatter is like a chat tool that helps you work together on records. You can leave notes and track things, making it easier to talk with your team and partners. Inside chatter, all communication history, activity, and changes will be displayed.
This presentation includes basic of PCOS their pathology and treatment and also Ayurveda correlation of PCOS and Ayurvedic line of treatment mentioned in classics.
हिंदी वर्णमाला पीपीटी, hindi alphabet PPT presentation, hindi varnamala PPT, Hindi Varnamala pdf, हिंदी स्वर, हिंदी व्यंजन, sikhiye hindi varnmala, dr. mulla adam ali, hindi language and literature, hindi alphabet with drawing, hindi alphabet pdf, hindi varnamala for childrens, hindi language, hindi varnamala practice for kids, https://www.drmullaadamali.com
Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
Thinking of getting a dog? Be aware that breeds like Pit Bulls, Rottweilers, and German Shepherds can be loyal and dangerous. Proper training and socialization are crucial to preventing aggressive behaviors. Ensure safety by understanding their needs and always supervising interactions. Stay safe, and enjoy your furry friends!
Main Java[All of the Base Concepts}.docxadhitya5119
This is part 1 of my Java Learning Journey. This Contains Custom methods, classes, constructors, packages, multithreading , try- catch block, finally block and more.
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...Dr. Vinod Kumar Kanvaria
Exploiting Artificial Intelligence for Empowering Researchers and Faculty,
International FDP on Fundamentals of Research in Social Sciences
at Integral University, Lucknow, 06.06.2024
By Dr. Vinod Kumar Kanvaria
How to Manage Your Lost Opportunities in Odoo 17 CRMCeline George
Odoo 17 CRM allows us to track why we lose sales opportunities with "Lost Reasons." This helps analyze our sales process and identify areas for improvement. Here's how to configure lost reasons in Odoo 17 CRM
A review of the growth of the Israel Genealogy Research Association Database Collection for the last 12 months. Our collection is now passed the 3 million mark and still growing. See which archives have contributed the most. See the different types of records we have, and which years have had records added. You can also see what we have for the future.
it describes the bony anatomy including the femoral head , acetabulum, labrum . also discusses the capsule , ligaments . muscle that act on the hip joint and the range of motion are outlined. factors affecting hip joint stability and weight transmission through the joint are summarized.
Introduction to AI for Nonprofits with Tapp NetworkTechSoup
Dive into the world of AI! Experts Jon Hill and Tareq Monaur will guide you through AI's role in enhancing nonprofit websites and basic marketing strategies, making it easy to understand and apply.
The simplified electron and muon model, Oscillating Spacetime: The Foundation...RitikBhardwaj56
Discover the Simplified Electron and Muon Model: A New Wave-Based Approach to Understanding Particles delves into a groundbreaking theory that presents electrons and muons as rotating soliton waves within oscillating spacetime. Geared towards students, researchers, and science buffs, this book breaks down complex ideas into simple explanations. It covers topics such as electron waves, temporal dynamics, and the implications of this model on particle physics. With clear illustrations and easy-to-follow explanations, readers will gain a new outlook on the universe's fundamental nature.
This presentation was provided by Steph Pollock of The American Psychological Association’s Journals Program, and Damita Snow, of The American Society of Civil Engineers (ASCE), for the initial session of NISO's 2024 Training Series "DEIA in the Scholarly Landscape." Session One: 'Setting Expectations: a DEIA Primer,' was held June 6, 2024.
Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...
Second Interim
1. Devin Vodicka, EdD
Assistant Superintendent, Business Services
March 14, 2012
3/9/2012 1
2. Background Information
First Interim presented in December 2011
First Interim represented Financial Condition
through October 31, 2011
Second Interim represents Financial Condition
through January 31, 2012
Reflects updated estimates of revenues,
expenditures, and ending balance components for
current fiscal year.
3/9/2012 2
3. Current Information
CUSD remains “qualified” as we are able to meet
current financial commitments for the remainder of
this fiscal year but not for the two subsequent years
Projected deficits:
2012-13: $5 million
2013-14: $10.3 million
3/9/2012 3
4. Major Changes: Revenues
Additional $367,000 in donations, 6th grade camp
funds, Lancer Jacks staff reimbursement
Additional $95,000 in insurance claim
reimbursement
Additional $651,000 in 2012-13 through NCCSE
Equalization and $1.3 million in 2013-14.
3/9/2012 4
5. Major Changes: Expenditures
Reduction of $500,000 in site and department
operational budgets
Reclassification of $400,000 of deferred maintenance
expenses to various Community Facility District and
State School Construction funds.
Blue Shield “credits” applied, including reserve of
$370,799 for 2012-13
3/9/2012 5
6. Major Changes: Expenditures
Notices to all management, confidential, and
supervisory employees of potential salary reductions
and/or work day reductions for 2012-13
Layoff notices to over 100 teachers
3/9/2012 6
9. Important Assumptions
Local Property Taxes: No change made to projection of
$60,683,436. Flat growth estimated for FY 2012-13 and 1%
growth estimated for FY 2013-14.
Redevelopment Agency Funds: With successful passage
of ABX1 27, redevelopment agencies have been dissolved
and agency funds will now support local schools and
other agencies. Though the California Department of
Education (CDE) projects district will receive over
$900,000 in redevelopment funds this fiscal year, final
figures will not be known until outstanding debt against
these monies is reported by cities. Thus, district is not
recognizing these funds at this time.
3/9/2012 9
10. Additional Assumptions
Basic Aid “Fair Share” Reduction: Implementation of SB 81
increased the Basic Aid “Fair Share” reduction by 0.65%, resulting
in a total cut of 9.57% projected for FY 2012-13.
State Funding Proposals: The Governor’s Budget proposal for FY
2012-13 includes a new weighted student funding formula that
may negatively impact the District. As a Basic Aid District,
Carlsbad Unified is not on the list and thus, may lose most of its
State funding. Furthermore, it is projected that districts across the
state may lose up to $455/ADA if the November initiative
proposed by Governor in his budget does not pass. Consultants
from the California Department of Education have advised us that
Basic Aid districts are likely to be impacted by these adjustments in
FY 2013-14. Consequently, the District has reduced its State
funding budget for 2013-14 to only include lottery funds and the
constitutional requirement that state provide at least $120 per ADA
to each district.
3/9/2012 10
14. Expenditure Reductions: June 2011
Increasing class size in grades 1-3 to approximately 32 students in
each class.
Eliminating K-6 Home Study program.
Eliminating one Director of Curriculum & Instruction position.
Eliminating the Administrative Assistant—Language Assessment
Center position.
Eliminating one English Language Development Resource Teacher.
Leaving vacant two Instructional Aide—Computer Lab positions.
Elimination of general education summer school (K-8) and
reduction of general education summer school (high school).
Eliminating two part-time certificated librarians.
Leaving vacant the position of Executive Assistant, Business
Services.
Reducing deferred maintenance contributions.
3/9/2012 14
15. Expenditure Reductions: November 2011
Reduce start-up spending in 2012-13 for Sage Creek High
School
Reduce Administration/Management expenses
Reduction in Travel and Conference budgets
Reduction in Site/Department accounts
Reduction in Special Education budget based on program
savings
Elimination of Classified positions
Reduction in Athletics budget
Reduction or elimination of programs such as Cal-SAFE
and Add-Up
3/9/2012 15
16. Expenditure Reductions: February 2012
A
Reduce CVA by 3.0 Full-Time Equivalent (FTE) Teachers
B Increase staffing ratio at CHS to 38.5
C Increase staffing ratio in grades 4-8 to 36 in 2013-14
D Eliminate 1.0 Librarian
E Eliminate 1.0 Teacher On Special Assignment (TOSA)
F Eliminate 1.4 .4 FTE Psychologists
G Eliminate CHS Special Ed Teachers TBD
H Eliminate Guidance Technicians
I Reduce K-5 Library Technicians to .5 FTE
J Reduce Student Services Specialist to .5 FTE
K Eliminate 1.0 FTE Admin Assistant, Special Education
L Eliminate 1.0 FTE Office Assistant, Personnel Services
M Eliminate 1.0 FTE Executive Assistant, Business Services
N Eliminate 1.0 FTE Custodian
O Reduce Tier III Certificated Non-instructional Hourly
P Reduce Personnel Commission Discretionary Budget
Q Reduce School Resource Officer Contract
R Reduce Write4Fun Contractual by 50% 25%
S Eliminate Kontraband Contract
T Reduce Sage Creek Expenditures in 2013-14
3/9/2012 16
U Eliminate Instructional Assistants—Computer Lab and add 1.0 FTE Computer Tech Position
17. San Diego County:
Revenue Per Student Comparison
Data from
http://www.ed-
data.k12.ca.us
Most recent data
available is from
2009-10
3/9/2012 17
18. Average Daily Enrollment
11000
10800
10600
10400
10200
ADA
10000
9800
9600
9400
9200
9000
2009 2010 2011 Adopted 2012
3/9/2012 ADA 10317 10417 10593 10596 18
19. Sage Creek Expenses 2012-13
This reflects projected expenses after implementation
of $5 million in expenditure reductions
Sage Creek,
$293,866.00
Other Expenditures,
$70,453,551
3/9/2012 19
20. Pie Chart Expenses 2011-12
CUSD Expenditures 2011-12
Second Interim 3-8-12
1%
0%
13%
3%
Certificated Salaries
Classified Salaries
Employee Benefits
48%
Books & Supplies
21%
Services/Other Oper. Expenditures
Capital Outlay
Other Outgo & Debt Service
14%
3/9/2012 20
23. Deficit Spending Problem
Projected Revenue in 2012-13: $71.6 million
Projected Expenditures in 2012-13 (after $5 million in necessary cuts): $75.8
million
Why is the 2013-14 deficit projected at $10.3 million?
Projected Deficit of $5 million in 2012-13
Deficit Spending of $4.2 million in 2012-13 after necessary cuts are made
Projected decline of $1.3 million in State Funding in 2013-14 due to November
Election “Trigger” and Weighted Student Funding model implementation
Additional Sage Creek expenses of approximately $1.4 million
Expenditure Reduction of approximately $930k due to approved increase in
class sizes in grades 4-8
Additional NCCSE Revenue of $650k
Implication: Ongoing, not one-time, solutions are necessary
3/9/2012 23
24. What Now?
Resolve $5 million deficit for 2012-13
Collective Bargaining
Wages
Benefits
Retiree Benefits
School Closures
Revenue Enhancements
“Safety Net” would require implementation of
teacher layoff notices and further increases in class
size
3/9/2012 24
25. Recommendation
It is respectfully recommended that the Board of
Trustees approve submission of the Second Interim
Report with certification of “qualified” financial
condition, as presented.
3/9/2012 25