2014-2015 superintendent’s budget

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2014-2015 Superintendent’s Budget

Presentation for Providence School BoardApril 16, 2014

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FY2015 Budget Overview

• The Superintendent’s FY2015 proposed budget is $345,189,236

• The FY2015 Budget is $7,769,136 or 2.30% higher than FY2014

• Department requests for FY2015 had a budget gap of $29,004,564

• No Layoffs• State Aid is 62.0% of the local budget• City Aid is 36.2% of the local budget

• Contractual Wage Increases $5.42 Million• Benefit Increases $.985• Charter & Tuition School Increases $3.41 Million• Decrease Walking Distance (3 to 2.5) $.5 Million• Opening West Broadway $1.54 Million

o 1 Administrator, 10.9 Teachers and 2 Clerks

New Increases for FY 2015

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Contractual Increases

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Labor Contracts

PTU Raises, Steps $4,091,0771033, Clerical Raises 988,369Non Union Raises, Steps 350,000

Total $5,429,446

Benefit Changes

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Benefits

State Retirement Rate Increase, Raises, Additional Staff $1,686,624Employee Medical Rate Increase 500,040Laborer's Pension Federal Preferred Schedule 190,000City Retirement New ARC 146,367Dental Rate Increase 35,409Misc Benefits 33,142Unemployment Current Trends (150,000)Retiree Medical Current Trends (1,457,139)

Total $984,443

Staff Increases

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FY 14-15 New Positions

ELL / Special Ed Collaborative Teacher 1.00 $77,223PAR Teachers 2.00 203,937Music Teacher 1.00 71,762Art Teacher 1.00 71,762PCTA General Contractor Teacher 1.00 71,762Principal West Broadway Middle School 1.00 140,400Clerical Support 3.00 166,949Assistant Principal Nathan Bishop Middle School 1.00 128,093

Total 11.00 $931,887

FY 14-15 Funding Shifts

Director of Transformation 1.00 140,358Transformation Supervisor 1.00 120,673

Total 2.00 $261,032

Closing the Gap

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Department Request $373,845,707Projected Revenues 344,841,143

Budget Gap (29,004,564)

Superintendent's Reductions

Capital (800,000)Salary & Fringe (10,833,391)Services (10,840,562)Supplies & Equipment (4,084,001)Delay in Hiring (2,098,517)

(28,656,471)

Gap After Above Reductions (348,093)

Increased Budget Revenues 348,093

Proposed Budget Gap $0

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Local Budget Comparison FY 2014 to FY 2015Providence School Department

Fiscal Year 2014-2015Local Budget Revenue / Expenditure Projection

2013-2014 2014-2015Budget Proposed Change

Enacted Aid $196,002,380 $203,678,050 $7,675,670Group Home Aid 2,055,000 1,890,000 (165,000)Funding Formula 7,675,670 7,962,053 286,383Categorical Changes 355,439 327,522 (27,917)

Subtotal 206,088,489 213,857,625 7,769,136

City Aid 124,896,611 124,896,611 0Medicaid 4,450,000 4,450,000 0Indirect Cost 1,200,000 1,200,000 0Miscellaneous 785,000 785,000 0

Subtotal 131,331,611 131,331,611 0

Total Revenues 337,420,100 345,189,236 7,769,136

Total Expenditures 337,420,100 345,189,236 7,769,136

Budget Gap $0 $0 $0

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FY 2015 Projected Expenditures $345,189,236

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FY 2015 Projected Revenues $345,189,236

How Much of the FY 2015 Budget is Fixed?

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Fixed Costs (Non-Discretionary)

Salaries $178,457,922 51.70%Benefits 86,756,512 25.13%Utilities 6,814,667 1.97%Services & Contracts 66,761,032 19.34%

Total Fixed Costs 338,790,133 98.15%

Non-Fixed Costs (Discretionary)

Per Pupil Allocations (Tools of the Trade) 3,446,562 1.00%Other Discretionary 2,952,541 0.86%

Total Non-Fixed Costs 6,399,103 1.85%

Total $345,189,236 100.00%

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Current Budget Unknowns

• Final Revenue Allocations to the District

• Final Federal Entitlements

• Full Implementation of Peer Assistance & Review (PAR)– 16 PAR FTE’s in total

• The semester 4 x 4 high school schedules allow extra opportunities for students to earn credits or recover needed credits for graduation

• The Seven Block Schedule and the Six Block AB schedule at the Middle Schools adds an additional academic period or class each day which can be used for interventions, enrichments or added curriculum

• In order to meet RIDE requirements around Career and Technical Education, each high school now offers a CTE strand

Academic Achievement Initiatives

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Budget Schedule (Anticipated)

• April 16 School Board Votes on Proposed Budget

• April 17 Budget Submitted to Mayor• April 29 Budget Submitted to Council• May Council Budget Hearings • June Final State Aid Determined• June 12 Council Adopts City Budget• July-August School Board Approval• July-August Council Approves Ordinances

Questions ?

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