spring 2009 finance presentation for pt as v2
Post on 30-May-2015
366 Views
Preview:
DESCRIPTION
TRANSCRIPT
April 2009
District 6 Budget
Current and Future Conditions
19,284 students38 schools and buildings101 portable classrooms2,307 employees
Scope of Operations• Every day, about 25,000 people have
direct involvement with our school system• We serve 2 million school meals a year
to our students• 8,000 students a day ride our school
buses, which travel more than 1 million miles over the course of a year
• We have 5,200 computers and 2,300 phone lines
Celebrations and Progress
Numerous “Best in State” Awards2008-09
Effective Strategic
Plan
Student Achievemen
tIncreases
Model Programs
110 action steps in the Strategic
Plan
92% are complete
8% being worked on this year
A Plan That’s Worked
Budget & Finance
170th
Question: Of the 178 school districts in Colorado, where do we rank in
total funding available per student?
Available Resources
• 75% from State of Colorado
District 6 Budget BasicsGeneral Operating Fund Revenue
Sources
•25% from Greeley-Evans general education mill
•0% from local mill levy override
2008-09 data
$4,000 $6,000 $8,000
J ohnstownGreeley-Evans
WindsorFort CollinsKeenesburg
EatonSt. VrainLovelandGilcrest
Fort Lupton
State Funding MLO Funding
State Funding + MLOs
MLOs around Greeley-Evans:amount per student, every
year
Greeley-
Evans: $0
Eaton: $710
Gilcrest-LaSalle-Platteville: $1,124
Loveland: $969
Johnstown-Milliken: $174
Fort Lupton: $1,155
Windsor: $692
Keenesburg: $609St. Vrain:
$690
2008-09 data
Fort Collins: $773
Difference between a mill levy and a bond
• Bonds are used for building new schools, or making major renovations or expansions to existing schools.
– After the bond is paid off (20—30 years, typically), the tax expires and is no longer collected.
• Mill levies are used for operational costs.
– Generally do not expire.
This container represents our
general operating fund:
$128 million
Where is our revenue spent?
Expenditures
The vast majority of the budget is spent on employee salaries
and benefits.
Everything else makes up just 13%
of the budget.
87%: People (salaries and benefits)
Utilities, fuel, textbooks, etc.13%:
Expenditures
Utilities32%
Professional fees4%
Other 5%
Repairs, maint. & equipment5%
Textbooks 6%
Computers and technology6%
Contracted education services9%
Purchased services12%
Supplies, postage, printing, etc. 21%
People (salaries and benefits)
Utilities, fuel, textbooks, etc.
Expenditures
Teachers 71%
Instructional aides 5%
Bus/Facilities staff 8%
Principals6%
Office/Support staff4%Professional staff 3%
Administrators3% Utilities, fuel,
textbooks, etc.
People (salaries and benefits)
Higher Costs =
Forced Choices
If costs increase in any area, some other cost area
must be reduced in order to make
room...unless we get more revenue. Purchased Items
Teachers
Instructional aides
Bus/Facilities staff
Principals
Office/Support staffProfessional staff
Administrators
State Economic Impact
State Economic Impact
• The State has taken back some money from every district’s current school-year funding (a “rescission”).• We had to give back $637,643.40.
Right Now
• Hiring reductions; spending reductions; continued travel ban; etc.
• No layoffs of existing staff in current school year.
• No elimination of programs in current school year.
• Reserve funds will be used to cover any remaining gap at year end.
State Economic Impact
Right Now
• State funding is unknown until the legislature passes the School Finance Act
• The state has less money and may have to cut education funding
• Meanwhile, expenses will climb: PERA, health insurance, utilities, etc.
• Federal stimulus money might be used to “backfill” state’s shortfall
State Economic Impact
Next School Year
• For now, we are building a preliminary draft budget on the projection that our per-pupil funding will be exactly the same as 2008-09
• This will be updated when the SFA is passed, likely to be in mid May.
State Economic Impact
Next School Year
• Preserve employee jobs – avoid layoffs• Extend magnet funding for an additional year• Adopt a new elementary math curriculum• Restart the technology replacement cycle• Continue:
– Aims Academy programs– Advanced Placement at high schools (equalized)– Current levels of elementary art, music, and PE– Current levels of G/T and ELL programs– Current levels of PD support
2009-10 Budget
BOE Priority Items
Federal Stimulus Funds
Will it help?
• Funds are only available for two very specific programs:
•Special Education programs•Title One Programs
• Funds will only be available for two years.• Will not change our ranking in the state –
we’ll still be 170th.• Does not help our long-term financial
issues.
Dozens of citizen volunteers who are:• Reviewing district programs and areas of
need• Reviewing costs and expenses• Asking questions, seeking clarification, being
critics• Prioritizing the areas of need• Recommending course of action to the Board
of Education in August 2009
Areas being studied:
• Academic Programs• Student and Teacher Resources• Safety and Security• Co-Curricular and Extra-Curricular Activities• Operations, Facilities, and Transportation
Timeline:• April 23: CBRP committees present their
findings• May: CBRP leadership team forms draft
recommendation to BOE• June & July: CBRP collects community
feedback on draft recommendations• August: BOE considers recommendation,
decides what action to take
• Considering the overall assessed value in Weld County, right now one mill would generate approximately $1 million dollars annually for Weld County School District 6.
Frequently Asked Questions
How Much Revenue Does a Mill Generate?
• One mill would cost residential property owners 67 cents per month per $100,000 of assessed home value
• One mill would cost business property owners $2.42 per month per $100,000 of assessed property value
Frequently Asked Questions
How Much Will it Cost in Increased Taxes?
Thank You!
top related