carroll county schools fy14 budget presentation june 17, 2013
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Carroll County Schools FY14 Budget Presentation June 17, 2013. Perspective. We face continuing budget cuts due to revenue shortfalls. We must deal with these cuts while continuing to improve what we do for students in Carroll County. Budget Issues. - PowerPoint PPT PresentationTRANSCRIPT
Carroll County SchoolsFY14 Budget Presentation
June 17, 2013
Perspective
• We face continuing budget cuts due to revenue shortfalls.
• We must deal with these cuts while continuing to improve what we do for students in Carroll County.
Budget Issues
State shortfalls in funding school finance formulas are the reason for the Carroll County
School System’s continuing budget deficits.
Net reduction in state funding from FY13 to unofficial state allotment for FY14 is
($2,206,279)
State Austerity Reductions
FY 03 FY 04 FY 05 FY 06 FY 07 FY 08 FY 09 FY 10 FY 11 FY 12 FY 13 FY14*0
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
14,000,000
1,175,433
2,509,2762,954,9162,954,889
1,559,876
1,312,640
4,802,863
12,816,486
10,209,27710,617,894
10,538,844
9,360,346
6 Yr. Revenue/Expense Trend
2009 2010 2011 2012 2013* 2014* 90,000,000.00
95,000,000.00
100,000,000.00
105,000,000.00
110,000,000.00
115,000,000.00
120,000,000.00
RevenuesExpenses
6 Yr. Revenue to FTE Comparison
2009 2010 2011 2012 2013* 2014* 90,000,000.00
95,000,000.00
100,000,000.00
105,000,000.00
110,000,000.00
115,000,000.00
120,000,000.00
12,000
12,200
12,400
12,600
12,800
13,000
13,200
13,400
13,600
13,800
14,000
14,200
14,400
RevenuesState FTE
FY14 Proposed Budget
Estimated Fund Equity as of 6/30/13: $ 13,800,000.00Projected FY 14 Revenue:
$101,329,423.01*Projected FY14 Expenditures: -
$103,991,029.75**Shortfall to balance budget: -$ 2,661,606.74Projected Fund Equity as of 6/30/14: $ 11,138,393.26
Projections are based on the following:*Unofficial QBE allotment sheets and projected local revenues.**Class size waiver of 3 over maximum established by the state and six employee furlough days.
FY14 Budget Adjustments
• Revenue – Increase in Local Revenue
• Expense Increases– Increase to Certified and Classified Health Insurance– Increase from Certified and Classified Step Increases– Increase in TRS for Certified Employees– Added Assistant Principal to Bay Springs Middle– Added two resource officers at GHES and VRES– Added 1.5 ESOL Teachers
• Expense Decreases– Outsourcing of custodial services– Personnel Changes– Reduction of Maintenance & Transportation Expenses