Proposed General Fund Budget Mitigation Plan 2024-25
The proposed general fund budget for 2024-25 outlines changes in budget projections, requested increases, mitigation plans, revenue assumptions, and budget allocations for salaries, supplies, and services. Key points include contractual requirements leading to a $16.8 million increase, detailed revenue sources, and a breakdown of expenses such as teacher salaries, instructional supplies, utilities, and transportation. Mitigation of the requested increase is crucial for financial stability.
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Presentation Transcript
2024-25 Proposed General Fund Budget Mitigation Plan June 3, 2024 Dr. Madeline Negr n, Superintendent Linda T Hannans, Chief Financial Officer
Initial Projection, 2024-25 Budget 2023-24 Request 2023-24 Approved Difference $207,071,931 $203,263,784 ($3.8m) 2023-24 Budget 2024-25 Request Difference: $203,263,784 $220,076,118 (Contractual requirements) $ 16,812,334 8.27% increase 2
Amount to be Mitigated Requested 2024-25 Increase Pending BOA (Mayors Proposal_ Amount to Mitigate $16,812,334 5,000,000 $11,812,334* *This mitigation amount is based on current fiscal status as of the original budget presentation ask. It does not reflect any unforeseen emergencies, continued increases in out placement, increases in utilities, aging building repairs, acts of nature, etc. 3
Revenue Assumptions Revenues by Source 2021-2022 2022-2023 2023-2024 2024-25 Education Cost Sharing (State) 142,509,525 142,509,525 142,509,525 142,509,525 ECS Alliance (Grant) 20,330,589 20,904,171 22,531,420 26,476,248 Local 48,209,172 52,754,259 60,754,259 65,754,259 Interdistict Grant 32,111,127 30,971,205 30,567,735 35,846,805 Tuition Billing 3,278,625 3,184,906 3,023,035 3,113,726 246,439,038 $ 250,324,066 $ 259,385,974 $ 273,700,563 $ ECS remains the same Alliance any increase must be included in grant Local increase to BOE determined by BOA Interdistrict Magnet due to new legislation increase expected enrollment driven Tuition new strategies for 2024-25 to potentially increase revenue 4
Proposed Budget 2024-25 Fiscal Year 2024-2025 Budget Request Increase from 2024 to 2025 Contractual Requirements with 3% decrease FY 2025 Request Contractual Requirements FY 2024 Approved Budget Salaries Teacher Full-Time Admin & Management Full-Time Paraprofessionals Support Staff Full-Time Part Time & Seasonal Substitutes Overtime, Benefits, Other Total Salaries and Benefits 78,872,625 $ 17,808,772 3,518,943 11,434,949 3,023,852 1,000,000 3,500,500 119,159,641 $ 83,014,651 $ 19,905,284 3,823,560 12,430,118 3,023,852 1,700,000 4,472,675 128,370,140 $ $ $ $ $ $ $ $ 9,210,499 $ 4,142,026 2,096,512 304,617 995,169 - 700,000 972,175 Supplies and Services Instructional Supplies Tuition (Includes Tag Tuition) Utilities Transportation Maintenance, Property, Custodial Other Contractual Services Total Supplies and Services 3,334,665 24,368,195 12,201,000 26,541,950 2,398,609 15,259,724 84,104,143 $ $ 3,334,665 25,099,241 12,201,000 32,604,918 2,398,609 16,067,545 91,705,978 $ $ $ $ $ 6,062,968 $ $ $ 7,601,835 $ - 731,046 - - 807,821 General Fund Totals 203,263,784 $ 220,076,118 $ 16,812,334 $ Budget Amount Increase Amount Percentage Increase 220,076,118 $ 16,812,334 $ 8.27% 5
Proposed Mitigation Plan Realign Organizational Structure to increase efficiency and accountability in support of Learning and Teaching Right-size District-wide staffing model centered on students and families Provide available funding to Programs focused on student achievement and supports Evaluate program consolidation(s) and implement where feasible and prudent Maximize and coordinate available grant funding with General Fund Enhance administrative processes and internal controls to improve compliance with policies and procedures Continue aggressive management of custodial staffing plan, food service performance monitoring and energy costs 6
Proposed Mitigation Plan Streamline operations to achieve enhanced effectiveness and efficiency Evaluate and reduce contracts for services in coordination with Organizational Structure and Staffing Model Embrace technology in optimizing budgeting & accounting management, personnel tracking, and transportation routes to ensure efficiency and lowest cost 7
Proposed Mitigation Plan Category Estimated Value Maximize/Optimize Grants 2,094,420 Operations 619,930 Non-Instructional 500,000 m Transportation 1,000,000 Other Contractual Services 1,120,554 Realignment/Reduction in Staff (61 positions) 6,477,430 8
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