Petoskey Public Schools 2023-24 Budget Presentation
The revised general fund budget for the Petoskey Public Schools in 2023-24 reflects changes in revenue sources, including increases in local, federal, and state revenues. The budget outlines various expenditure changes, such as additional staff positions, grant-funded programs, and new costs. The presentation provides detailed information on revenue changes, original and revised budgets, and expenditure items impacting the school district.
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1 Public Schools of Petoskey 2023-24 Budget Presentation (revised General Fund Budget) October 19, 2023
Revenue Changes Local revenues Federal revenues Increase of $25,675 Increase of $1,112,344 Mostly due to increase in investment interest Intermediate revenue ESSERS III funding of $635,972 ESSERS 11T funding of $340,832 Title I funding of $67,708 Decrease of $35,000 Title II funding of $48,688 Title IV funding of $19,144 Other Revenues Anticipated less funding from the casino\tribe State revenues Increase of $395,563 Increase of $1,488,315 Vocational Education funding of $395,563 (carry over funds from 2022-23) Foundation allowance increase of $468 New categorical funding totaling $312,469 Grant funding of $484,585 At Risk funding of $526,408 (carry over funds from 2022-23)
Revenues 20,000,000 $19,373,615 $19,347,940 15,000,000 $12,120,445 10,000,000 $10,632,130 $2,093,933 $981,619 5,000,000 $4,750,060 $425,000 $4,354,497 $390,000 0 Local Intermediate Original budget State Revised budget Federal Other
Revenues Original Budget Revised Budget 12% 12% 3% 6% 50% 54% 30% 31% 1% 1% Local Intermediate State Federal Other Local Intermediate State Federal Other
Expenditure Changes Annual increase in transportation contract Added costs of wage and benefit settlements with all employee groups (PSP and Edustaff) Replacement of district vehicles (2) Added staff positions Other cost increases or new costs High School Student Success Specialist (grant funded) Senior teacher approved projects 2 Student Support Specialists (grant funded) Tutoring (partially grant funded) Kindergarten teacher Consulting (Studer Education) Special Education teacher Administrator mentoring Middle School Social Studies teacher Student accident insurance First Grade teacher at Lincoln Legal fees Grant expenditures Annual report printing Professional development (Title II and Title IV) Flip charts (grant funded) Tax abatements Staff and student computer devices (ESSERS III and ESSERS 11T) Cost of moving all aides to PSP employees
20,000,000 Original budget Revised budget $19,211,179 $17,846,059 15,000,000 $7,581,001 10,000,000 $6,232,365 $2,961,288 $3,247,133 $2,209,292 $1,693,501 5,000,000 $2,144,799 $2,092,192 $1,609,000 $1,859,547 $1,303,190 $1,655,115 $841,658 $818,598 $624,484 $533,053 $719,211 $626,935 $7,783 $11,101 0 Basic Programs Added Needs Pupil Support Instruc. SupportGeneral Admin School Admin Bus. Services Maint.\Oper. Transportation Athletics Other
Expenditures Original Budget Revised Budget 1% 1% 5% 7% 17% 15% 43% 43% 34% 34% Wages Benefits Purchased Services Supplies Other Wages Benefits Purchased Services Supplies Other
Enrollment 3,000 2,882 2,876 2,851 2,834 2,814 2,810 2,750 2,637 2,536 2,500 2,461 2,250 2,000 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 projected Enrollment
General Fund - Fund Balance $10,000,000 $9,289,485 $9,000,000 $8,131,671 $7,988,450 $8,000,000 $7,000,000 $6,636,329 $6,000,000 $5,000,000 $4,249,812 $4,000,000 $3,066,566 $3,000,000 $2,000,000 $1,000,000 $0 2019 2020 2021 2022 2023 projected 2024 projected Fund Balance
