Education Financial Overview: FY08-FY14
Detailed breakdown of financial allocations in an educational institution from fiscal year 2008 to 2014, covering areas such as maintenance and operations, instructional improvement, soft capital support, capital investments, and overrides. The data provides insights into budget distribution, fund utilization, and areas prioritized for financial support during the specified period.
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Educational Revenue Support FY 2008 FY 2014 M&O Classroom Site Fund Instructional Improvement (Gaming) Soft Capital Capital Capital Overrides M&O Override
Maintenance and Operations Salaries Benefits Supplies Equipment Purchased Services Utilities $195,000,000 $190,000,000 $185,000,000 Capital Transfer $180,000,000 M&O & BBCF $175,000,000 $170,000,000 $165,000,000 FY08 FY09 FY10 FY11 FY12 FY13 FY14
Classroom Site Fund Not used to prevent cuts Used to enhance teacher salary $20,000,000 CSF $18,000,000 $16,000,000 $14,000,000 $12,000,000 $10,000,000 CSF $8,000,000 $6,000,000 $4,000,000 $2,000,000 $- FY08 FY09 FY10 FY11 FY12 FY13 FY14
Instructional Improvement Class size reduction Teacher compensation increases Dropout prevention programs Instructional Improvement programs Non stable revenue $2,500,000 Instructional Improvement $2,000,000 $1,500,000 $1,000,000 $500,000 $- FY08 FY09 FY10 FY11 FY12 FY13 FY14
Soft Capital Support direct student needs Textbooks, Library books, School buses, Desks Instructional software Computers Not facilities $10,000,000 $9,000,000 $8,000,000 Soft Capital $7,000,000 $6,000,000 $5,000,000 $4,000,000 Soft Capital $3,000,000 $2,000,000 $1,000,000 $- FY08 FY09 FY10 FY11 FY12 FY13 FY14
Capital Used for building purchases and improvements Construction Remodeling Other structural improvements Allowed to transfer capacity to support M&O Absolute minimum requirement of $5M Currently we are below the minimum $4,000,000 Capital $3,000,000 $2,000,000 Capital $1,000,000 $- FY08 FY09 FY10 FY11 FY12 FY13 FY14
Capital Overrides Override I expired in FY13 ($1.8M) Override II (Technology and Support) Expires in FY15 ($8.2M) $12,000,000 $10,000,000 $8,000,000 Cap Ovr II $6,000,000 Cap Ovr I $4,000,000 $2,000,000 $- FY08 FY09 FY10 FY11 FY12 FY13 FY14
Revenue Calculations FY08-FY14 $300,000,000 $250,000,000 $200,000,000 $150,000,000 $100,000,000 $50,000,000 $- FY08 FY09 FY10 FY11 FY12 FY13 FY14 M&O & BBCF M&O Override Capital Transfer Capital Cap Ovr I Cap Ovr II Soft Capital CSF IIF
Revenue Calculations FY08-FY14 (Close Up) $250,000,000 $240,000,000 Capital Override I expires Soft Capital is merged with capital $230,000,000 $220,000,000 $210,000,000 $200,000,000 $190,000,000 M&O Override Reduced by third $180,000,000 $170,000,000 FY08 FY09 FY10 FY11 FY12 FY13 FY14 M&O & BBCF M&O Override Capital Transfer Capital Cap Ovr I Cap Ovr II Soft Capital CSF
M&O Override FY 2008 2013 : Fully Funded ($17M) FY 2014: 1/3 Gone ($11M) FY 2015: 2/3 Gone ($5.8M) FY 2016: All Gone ($0M) Maintenance of FY13 Revenues (6.6%) Full Maintenance lasts 5 years (FY15-FY19) Override Fail Override Pass FY13 Tax Amount for a Median Home = $153.78 $18,000,000 $16,000,000 $97.37 $97.37 $97.37 $14,000,000 $12,000,000 $10,000,000 $8,000,000 $56.87 $6,000,000 $4,000,000 $0 $2,000,000 $- FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16
Per Pupil Funding Funding Per Enrolled Student $6,200 $6,100 $6,000 $5,900 $5,800 $5,700 $5,600 FY08 FY09 FY10 FY11 FY12 FY13
Staff reduction Total Staff Reduction 5600 5400 5200 5000 4800 Total 4600 4400 4200 4000 2009 2010 2011 2012 2013
Enrollments Fast rise to a plateau Charter schools opening Open enrollment across districts Surrounded by strong school districts with strong community support that we must compete with Enrollment 39,800 39,300 38,800 38,300 Enrollment 37,800 37,300 36,800 36,300 FY08 FY09 FY10 FY11 FY12 FY13
Community Impact Of Gilbert Schools Largest employer National recognition High achieving schools Quality schools Helps draw people to our community Helps quicken recovery from recession Helps to increase home values Helps attract high tech businesses as well as other higher paying jobs
What does $5.8M or $11.6M look like? School Supplies and Materials ($1.7M) Elementary $803K Junior High $642K High School $294K Fuel ($940K) District Administration ($2.5M) Furniture ($1M) Software licenses and computers ($2.7M) Building Maint & Improv ($2.4M) Electricity ($6M)
What does 5.8 M or 11.6 M look like? Class Size will need to increase somewhere between 4 to 5 students. Saving 1.2 million per student. (4.8M) Close schools Elementary ($400k) Junior High (600K) Change boundaries throughout the district. Elementary instrumental music ($755k) Specialty programs could be eliminated such as gifted (ALP), art etc.
What does 5.8 M or 11.6 M look like? Counselors ($2M) Nurses ($1.3M) Social workers ($585K) School security guards ($600K) Night security ($80K) Librarian & Media Tech ($2.0M) Central offices clerical ($800K)
Full Day KG Program State Revenue = $5.7M Direct Costs = $5.2M Half of Direct Costs = $2.6M Less than 100 students are in half day program. Where would the full day students go if the program were cut in half?
Revenue Calculations FY08-FY14 (Close Up) $250,000,000 $240,000,000 Capital Override I expires Soft Capital is merged with capital $230,000,000 $220,000,000 Override Passes Without Override $210,000,000 $200,000,000 $190,000,000 M&O Override Reduced by third $180,000,000 $170,000,000 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 M&O & BBCF M&O Override Capital Transfer Capital Cap Ovr I Cap Ovr II Soft Capital CSF Override Fail
