FEBRUARY 2012FINANCE WORK SESSION

Raytown C-2 School District

BUDGET KEYS

Strong Educational Product District Operating Revenues District Operating Expenditures Operating Reserves Future Fiscal Stability Competitive Salaries and Benefits Continued Educational Progress

OPERATING REVENUES

FY '09 FY '10 FY '11 FY '12 (est.)

Capital 7953208 4373220 1756644 1347915

Operat-ing

88363018 88735919 89790200 88939647

$10,000,000

$30,000,000

$50,000,000

$70,000,000

$90,000,000

$110,000,000

Breakdown of Operating Revenues

39.2%

Pro

perty Ta

x (Loca

l)

36.1%

Sta

te

13.3%

Federa

l

8.1%

Pro

p C

2.2%

Oth

er

1.1%

Other L

ocal/C

ounty

ASSESSED VALUATION

Personal22%

Agriculture0%

Residential64%

Commercial13%

AV by Category FY '12

ASSESSED VALUATION

FY '09 FY '10 FY '11 FY '12 $560,000,000

$580,000,000

$600,000,000

$620,000,000

$640,000,000

$660,000,000

$680,000,000

$700,000,000

$720,000,000

Total Assessed Valuation

Total Assessed Val-uation

EXPENDITURESBreakdown of Operating Expenses

64.8% S

alaries

15.4% B

enefits

10.9% S

upplies/U

til.

8.8% P

urchase

d Serv

.

RESERVES

FY '09 FY '10 FY '11 FY '12 (est.)

Capital 19337507 17706096 17086817 14000000

Operat-ing

20066836 19309226 20580179 20472633

$2,500,000.00

$7,500,000.00

$12,500,000.00

$17,500,000.00

$22,500,000.00

FY ‘13 BUDGET PROJECTIONS

Assumptions $3,005,000,000 Appropriated for Foundation Formula

Local Assessed Valuation and Collections Remain Flat

Dollar Value Modifier reduced to 1.082

Weighted Average Daily Attendance Estimated at 8792

9% Increase in Health Insurance Costs

15% Increase in Property/Casualty Insurance, Fuel, Utilities

ZERO SCENARIO

Proration HB 1043

Revenues 88382815 86958352

Expenditures 92947025 92947025

Fund Balance 23113688 21689225

$5,000,000$15,000,000$25,000,000$35,000,000$45,000,000$55,000,000$65,000,000$75,000,000$85,000,000$95,000,000

24.8%

23.3%

* Salaries frozen at previous year’s rates.

3 PERCENT SCENARIO

Proration HB 1043

Revenues 88382815 86958352

Expenditures 94126162 94126162

Fund Balance 21934551 20510088

$5,000,000

$25,000,000

$45,000,000

$65,000,000

$85,000,000

23.3% 21.8%

* The cost of this increase is calculated at $1,179,137 for all employees

HOW DO WE FUND IT?

Reducing/Consolidating Bus Routes $268,000

Reduce Field Trips to 1/Grade Level $100,000

Restructuring Curriculum Coord. $300,000

Textbook Adoption Completed $250,000

Fund Balances (BoE target 15-20%)

$300,000

TOTAL $1,218,000

POTENTIAL BUDGET REDUCTIONS

Health Insurance Health Savings Accounts Self-Funded vs. Fully Funded Broker Commissions (RFP for Broker)

Contracted Services Food Service Custodial/Maintenance

Decommission Administration Building

QUESTIONS

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