District School Budget Projections
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One Target
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Internal Variables
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Possible Budget Scenarios
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Potential Budget Balancing
Strategies
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Status of Reserves
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Next Steps
Presentation Overview
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Less than 1% error rating on
Kyrene projected variables
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Ample time to discuss each option
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Effective solution that minimized
the impact to the classroom
Benefits of One Target
Kyrene Variables
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The Possibilities
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Reserve Policy
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Reassess Capital Needs
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Compensation
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Targeted Class Size Increases
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Program Changes
Budget Balancing Strategies
Reserve Summary
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Reserves as of 6/30/2012
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Flexible Budget Balancing Strategies
Reserve Summary
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Presentation of budget projections for the District School in the years 2013-14, including variables, scenarios, strategies, and reserves. Detailed analysis of budget balancing options and potential outcomes. Overview of one target approach with benefits and possible solutions to minimize impact on classrooms.
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Presentation Transcript
Budget Projection 2013-14 A d i s t r i c t o f e x c e l l i n g s c h o o l s A d i s t r i c t o f e x c e l l i n g s c h o o l s
Presentation Overview One Target Internal Variables Possible Budget Scenarios Potential Budget Balancing Strategies Status of Reserves Next Steps A d i s t r i c t o f e x c e l l i n g s c h o o l s
Benefits of One Target Less than 1% error rating on Kyrene projected variables Ample time to discuss each option Effective solution that minimized the impact to the classroom A d i s t r i c t o f e x c e l l i n g s c h o o l s
Kyrene Variables Budget Variable Amount } Average Daily Membership Change Career Ladder Phase-Out Teacher Experience Index (1,300,950) Override Reduction (816,408) Inflation/Contracted Increases Compensation Needs Education Credit Movement Capital Needs (without bond bill) Total (500,000) (1,700,000) (300,000) (5,500,000) (10,117,358) A d i s t r i c t o f e x c e l l i n g s c h o o l s
The Possibilities Description GBL Change Capital Need Education Credit Inflation Soft Capital Compensation Balance No Change (2,117,358) (5,500,000) (300,000) (500,000) Bond/SCA 188,330 Projection (2,117,358) (5,500,000) (300,000) (500,000) 1,217,509 (1,700,000) (8,899,849) 0 (300,000) (500,000) 1,217,509 (1,700,000) (1,094,161) 0 (1,700,000) (10,117,358) A d i s t r i c t o f e x c e l l i n g s c h o o l s
Budget Balancing Strategies Reserve Policy Reassess Capital Needs Compensation Targeted Class Size Increases Program Changes A d i s t r i c t o f e x c e l l i n g s c h o o l s
Reserve Summary Year 2007-08 2008-09 2009-10 2010-11 Restricted 7,623,406 13.6 9,890,347 29.7 10,114,500 9,986,108 (1.3) % Unrestricted 14,303,669 7.2 15,112,040 5.7 15,238,761 0.8 13,262,449 (13.0) % Total 21,927,075 25,002,387 14.0 25,353,261 23,248,557 (8.3) % 9.3 2.3 1.4 Current and Future Year Projections Year 2011-12 2012-13 2013-14 Goal Restricted 9,206,166 (7.8) 7,113,588 (22.7) 5,021,010 (29.4) % Unrestricted 11,214,968 (15.4) 8,933,968 (20.3) 16,047,556 (21.4) 6,652,968 (25.5) % Total 20,421,134 (12.2) % 11,673,978 (27.3) 4,551,525 5,333,566 9,885,091 A d i s t r i c t o f e x c e l l i n g s c h o o l s 7
Reserves as of 6/30/2012 Restricted Unrestricted Capital (excluding Override) Soft Capital Allocation Food Service Fund Instructional Improvement Fund Lease of District Facilities (School Plant Fund) Total Total 2,505,563 4,638,737 480,236 1,835,459 839,731 10,299,726 Unrestricted Maintenance & Operations Carry Forward Community School Fund Civic Center Fund Medicaid Reimbursement Fund Total Total 3,081,436 3,701,215 1,160,707 4,797,413 12,740,771 Grand Total for Reserves 23,040,497 A d i s t r i c t o f e x c e l l i n g s c h o o l s 8
Flexible Budget Balancing Strategies Low 100,000 2,000,000 500,000 1,700,000 300,000 100,000 500,000 5,200,000 High 250,000 3,000,000 2,500,000 1,700,000 500,000 300,000 1,000,000 9,250,000 Date 2012-13 Immediate Strategies Increased use of Reserves Deferred Capital Expenses 2013-14 Salary Freeze Repurpose Move On When Reading Targeted Class Size Increases Program Changes Target $8,899,849 Total A d i s t r i c t o f e x c e l l i n g s c h o o l s
Reserve Summary Year 2009-10 2010-11 2011-12 Restricted 10,114,500 9,986,108 10,299,726 Unrestricted 15,238,761 13,262,449 12,740,771 Total 25,353,261 23,248,557 23,040,497 Current and Future Year Projections Year 2012-13 2013-14 2014-15 2015-16 2016-17 Goal Restricted 9,941,539 Unrestricted 11,381,504 Total 21,323,043 10,000,000 A d i s t r i c t o f e x c e l l i n g s c h o o l s 10
