building a sustainable future for our children
DESCRIPTION
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 PresentationTRANSCRIPT
Building a Sustainable Future for Our Children
April 29, 2010
School Board’s Adopted Budget FY 2011
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
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)
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
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
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
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
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
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
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
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:
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.
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.
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.
Building a Sustainable Future for Our Children
April 29, 2010
School Board’s Adopted Budget FY 2011