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Building a Sustainable Future for Our Children April 29, 2010 School Board’s Adopted Budget FY 2011

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School Board’s Adopted Budget FY 2011. Building a Sustainable Future for Our Children. April 29, 2010. Revenue Changes. Revenue FY 2011 Superintendent’s Proposed Budget $442,106,991 Changes: State Revenue – All Funds $(2,226,463) Local Revenue $(106,250) - PowerPoint PPT Presentation

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Page 1: Building a Sustainable Future for Our Children

Building a Sustainable Future for Our Children

April 29, 2010

School Board’s Adopted Budget FY 2011

Page 2: Building a Sustainable Future for Our Children

2

Revenue Changes

RevenueFY 2011 Superintendent’s Proposed Budget $442,106,991

Changes:State Revenue – All Funds $(2,226,463)Local Revenue $(106,250)

FY 2011 School Board Proposed Budget $439,774,278

Page 3: Building a Sustainable Future for Our Children

3

Expenditure Changes

ExpendituresFY 2011 Superintendent’s Proposed Budget $442,106,991

Reductions:VRS Retirement $(14,186,580)Group Life $(1,706,803)Retiree Health Care Credit $(888,121)Triennial Census $(125,000)Instruction – reorganization costs reduced $(126,156)

Total Reductions $(17,032,660)

Page 4: Building a Sustainable Future for Our Children

4

Expenditure Changes

Expenditures

Additions:Spring Staffing $1,486,000

Instruction – Bilingual Resource Assistant $33,870

Instruction – STEM Specialist $38,136

Instruction – 1st Lang. Support Teacher $45,776

Instruction – ESOL Science Specialist $38,136

Instruction – Chinese $150,274

Clinical Psychologist $76,271

Page 5: Building a Sustainable Future for Our Children

5

Expenditure Changes

Expenditures

Additions:Career Advancement Program (CAP) $75,000

Transportation – sports/activities $231,028

Evaluation costs $75,000

School-based substitutes $370,000

Information Services – E scale positions $188,774

Facilities & Operations – M scale positions $117,704

Page 6: Building a Sustainable Future for Our Children

6

Expenditure Changes

Expenditures

Additions (continued):Additional OPEB funding $1,733,078Cafeteria Fund $885Grants & Restricted Programs Fund $830,000Reserve for OPEB and VRS $9,210,015

Total Additions $14,699,947

FY 2011 School Board Proposed Budget$439,774,278

Page 7: Building a Sustainable Future for Our Children

7

Revenue Changes

RevenueFY 2011 School Board Proposed Budget $439,774,278

Changes:County Transfer $1,622,274State Revenue – Grant Fund $(178,114)Federal Revenue – Grant Fund $815,342Local Revenue – Grant Fund $(4,397)

FY 2011 School Board Adopted Budget $442,029,383

Page 8: Building a Sustainable Future for Our Children

8

Expenditure Changes

ExpendituresFY 2011 School Board Proposed Budget $439,774,278

Additions:Live Where You Work $80,800

Planetarium – partial restoration $114,250

Grants & Restricted Programs Fund $632,831

Enrollment Adjustment Reserve $100,000

Reserve for OPEB and VRS – additional funds $1,327,224

Total Additions $14,699,947

FY 2011 School Board Adopted Budget $442,029,383

Page 9: Building a Sustainable Future for Our Children

9

Budget by Fund

School Operating Fund $358,289,643

Community Activities Fund $13,753,819

Cafeteria Fund $6,641,223

Capital Projects Fund $4,641,371

Comprehensive Services Act Fund $3,650,000

Grants & Restricted Programs Fund $18,914,227

Debt Service Fund $36,139,100

FY 2011 SB Adopted Budget $442,029,383

Less Reserve for OPEB and VRS $(10,537,239)

FY 2011 Planned Expenditures $431,492,144

Page 10: Building a Sustainable Future for Our Children

Cost per Pupil

Based on FY 2011 Planned Expenditures

WABE METHOD

FY 2007Adopted

FY 2008Adopted

FY 2009 Adopted

FY 2010 Adopted

FY 2011Adopted

$17,958 $18,563 $19,538 $18,569 $17,322

Page 11: Building a Sustainable Future for Our Children

ADOPTION OF THE FISCAL YEAR 2011SCHOOL BOARD BUDGET

APRIL 29, 2010

THE ARLINGTON SCHOOL BOARD HEREBY ADOPTS ITS FISCAL YEAR 2011 SCHOOL BOARD

BUDGET CONSISTING OF A TOTAL OF $442,029,383 REQUIRING A COUNTY

TRANSFER OF $358,504,225, A BEGINNING BALANCE OR CARRY-FORWARD OF

$5,342,061, A CARRY-FORWARD OF $2,000,000 FOR THE RESERVE FUND, AND A

CARRY-FORWARD OF $695,565 FOR THE OTHER POST EMPLOYMENT BENEFITS (OPEB)

RESERVE BROKEN INTO THE FOLLOWING:

THE ARLINGTON SCHOOL BOARD HEREBY ADOPTS ITS FISCAL YEAR 2011 SCHOOL BOARD

BUDGET CONSISTING OF A TOTAL OF $442,029,383 REQUIRING A COUNTY

TRANSFER OF $358,504,225, A BEGINNING BALANCE OR CARRY-FORWARD OF

$5,342,061, A CARRY-FORWARD OF $2,000,000 FOR THE RESERVE FUND, AND A

CARRY-FORWARD OF $695,565 FOR THE OTHER POST EMPLOYMENT BENEFITS (OPEB)

RESERVE BROKEN INTO THE FOLLOWING:

Page 12: Building a Sustainable Future for Our Children

ADOPTION OF THE FISCAL YEAR 2011SCHOOL BOARD BUDGET

APRIL 29, 2010

1. The School Operating Fund at a total of $358,289,643 (which includes a $10,537,239 Reserve for OPEB and VRS), requiring a County transfer of $307,994,983 and a beginning balance or carry forward of $5,342,061.

2. The Community Activities Fund at a total of $13,753,819, requiring a County transfer of $6,838,830.

3. The Debt Service Fund at a total of $36,139,100, requiring a County transfer of $36,139,100.

Page 13: Building a Sustainable Future for Our Children

ADOPTION OF THE FISCAL YEAR 2011SCHOOL BOARD BUDGET

APRIL 29, 2010

4. The Cafeteria Fund at a total of $6,641,223, requiring a County transfer of $582,441.

5. The Capital Projects Fund at a total of $4,641,371, requiring a County transfer of $4,641,371.

6. The Comprehensive Services Fund at a total of $3,650,000, requiring a County transfer of $2,307,500.

Page 14: Building a Sustainable Future for Our Children

ADOPTION OF THE FISCAL YEAR 2011SCHOOL BOARD BUDGET

APRIL 29, 2010

7. The Grants and Restricted Programs Fund at a total of $18,914,227, requiring a County transfer of $0.

8. The Reserve Fund at a total of $2,000,000, requiring a County transfer of $0 and a carry-forward of $2,000,000.

9. The Other Post Employment Benefits (OPEB) Reserve Fund at a total of $695,565, requiring a County transfer of $0 and a carry-forward of $695,565.

Page 15: Building a Sustainable Future for Our Children

Building a Sustainable Future for Our Children

April 29, 2010

School Board’s Adopted Budget FY 2011