FISCAL YEAR PROPOSED BUDGET

Transcription

1 FISCAL YEAR PROPOSED BUDGET

2 To map the FY budget to the Uniform Chart of Accounts to ensure alignment with the Basic Education Program. To use our community fiscal resources wisely and purposefully to maintain and enhance a high quality education. To identify and acquire high quality resources to support district goals and ensure that budget plans link expenditures to anticipated outcomes. To coordinate fiscal resources from local, state and federal funding streams as well as human capital resources, to meet priority instructional goals and to promote equity and excellence. To allocate resources that support student achievement and instructional goals, including money, time, personnel and materials, in a manner that supports district goals and maximizes student growth and achievement. To ensure equity and adequacy of available resources.

3 Rhode Island State Mandates Basic Education Program (BEP) Uniform Chart of Accounts (UCOA) Budgeting Process/Document Zero-Based Budgeting UCOA Mapping-Function/Object Revenue Projections Funding Formula Tax Appropriation Expenditure Projections State/Federal Mandated

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5 Basic Education Program The Basic Education Program (BEP) is a set of regulations developed by the Board of Regents to determine standards for the Rhode Island public education system and the maintenance of local appropriation to support its implementation. The Basic Education Program (BEP) states that The Local Education Agency is ultimately responsible for operating a system of education and support services that is reasonably designed and adequately resourced to achieve compliance with all aspects of the BEP. The primary responsibility of the administration is the leadership and management of the educational system at multiple levels.

6 Uniform Chart of Accounts Under Rhode Island General Law , the Office of the Auditor General and the Rhode Island Department of Education (RIDE) were charged with promulgating a uniform system of accounting, including a Uniform Chart of Accounts. The primary objective is a standardized method to meet the internal and external reporting needs, providing consistent detail in the general ledger to address the questions and need for information of stakeholders at all levels. The data will provide a line by line account of expenditures that will be published by the Rhode Department of Education.

7 In developing the proposed budget, Middletown Public Schools used a form of zero-based budgeting aligning the Uniform Chart of Accounts Function and Object codes to the Basic Education Program mandates. All budgeted expenditures were subject to a comprehensive review of the required spending, creating cost awareness throughout the district. Budgeted expenditures were analyzed and categorized within the following levels: Level I-Operational Level of Service Assessment of staffing needs based on enrollment and meeting the basic level of services that is required to meet statutory duties. Level II-State and Federal Law/Mandates Current mandated level of service in accordance with State/Federal Law and the State Basic Education Program Level III-School/District Priorities Any additional budgeted items that are a priority within the District s Strategic Plan or School Based Plan to meet future needs (Level III- School/District Priorities are NOT included in the proposed budget.)

8 The Proposed Budget, utilized both the UCOA Function and Object code to develop the budget document. Each budgetary line item aligns with the Basic Education Program and highlights the mandate for which the funds are supporting. The UCOA Function code details a group of activities aimed at accomplishing a major purpose such as face to face teaching, school management, and program support services. The UCOA object/expenditure code contains the specific revenue or expenditure code for which funds are received or expended. The purpose of the object/expenditure code is to classify in detail,the services or commodities that is being reported. All expenditures are segregated by type such as compensation, purchased services, debt service, and property cost.

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10 Includes 3 Key Components Core Instructional Amount Accounts for costs that have greatest impact on child s ability to learn Student Success Factor Provides Additional Funding to Support Student Needs beyond Core Amount/Free-Reduced Lunch State Share Ratio Based on Community Property Value adjusted by Median Family Income and Town s Capacity to Tax/Effort Loss of $272,404 in State Aid each year for the next 10 years

11 The overall purpose of the American Recovery and Reinvestment Act (ARRA) federal grant programs are to fund activities that will advance short term economic goals by investing quickly to save and create jobs and to fund activities that support long term economic goals by investing wisely, funding activities designed to strengthen education by driving reforms and improving results for students. For Fiscal Year 2012, Middletown Public Schools has lost $984,193 of Federal Stimulus dollars. The impact on the school department is a loss of dollars to support professional development, literacy and special education support services, and offsets to summer school and regional special education cost.

12 Local Tax Appropriation State Educational Aid Federal Impact Aid Private Tuition Housing Aid Medicaid Funds Est. $18,425,064 $10,007,414 $2,501,916 $224,868 $371,434 $95,824 $19,196,965 $9,928,588 $2,461,162 $79,135 $320,129 $148,095 $20,147,131 $10,464,884 $2,579,057 $102,645 $333,895 $133,000 $21,204,855 $10,542,119 $1,733,070 $135,408 $304,204 $135,000 $21,570,021 $10,537,619 $2,437,339 $120,020 $14,880 $75,070 $21,938,713 $9,498,531 $858,276 $15,815 $15,815 $100,000 $22,328,713 $9,312,402 $1,170,000 $12,510 $0 $150,000 $23,277,683 $9,004,562 $858,276 $12,510 $0 $400,000

13 State Unrestricted Educational Aid 2011 Revised General Revenue $ 9,312,401 Restoration of Federal Stabilization $ 239,355 Year 1 of Funding Formula ** $ (108,944) Adjustment for Education Jobs Bill $ (438,250) 2012 Funding Change $ (307,839) 2012 Governor s Recommended $ 9,004, Education Jobs Bill $ 438,250 **Funding Formula will not be adjusted for increased enrollment

14 Actual Actual Actual Projected PreK K TOTAL

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16 2010 Base $ 22,328,713 1% Increase 223, % Increase 334,931 2% Increase 446, % Increase 558,218 3% Increase 669, % Increase 781,505 4% Increase 893, % Increase 948,970

17 Three Year Revenue Comparison Local Tax Appropriation/General Fund $21,928,713 $22,328,713 $23,277,683 Other Local Appropriated Revenue $372,134 $631,327 $357,286 State of Rhode Island Educational Aid $9,120,498 $9,312,402 $9,004,562 Federally Funded Restricted Aid $1,072,276 $1,455,000 $1,372,276 Federal/State Restricted Grant Funding $2,077,257 $2,308,673 $1,810,828 Other Restricted Funding Sources $1,638,411 $1,288,000 $896,114 Total Appropriation $36,209,289 $37,324,115 $36,718,749

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19 The primary responsibility of each Local Education Agency (LEA) is to create and sustain high quality learning environments that meet the standards set forth the in the Basic Education Program. The LEA shall ensure that learning is at all times the ultimate focus of every individual employed in the district. Full implementation of the Basic Education Program requires that student learning be the primary reference point for decision making, responsive policy development, resource allocation, and personnel assignment and evaluation

20 Increased Enrollment/Decreased Funding Meeting State Mandates Additional Positions are Not Funded in Proposed Budget Current Educational Supplies Not Adequate for Additional Students Increased Pension Costs 2% for Both Certified and Non Certified Staff Contractual Obligations Employee Obligations Salary/Benefits Transportation Costs/Rising Cost of Fuel Additional Reductions to State/Federal Aid Additional Cuts above Funding Formula Reduction Reduction in Restricted Grant Funding Increased Special Education Costs Rising Cost of Special Education Reimbursement for High Needs Eliminated Unfunded Mandates Tuition Cost for Met/Charter Schools

21 Increased Revenue Use of Fund Balance for One Time Cost Severance/Unemployment Costs Revenue Projections Requesting 4.25% Tax Appropriation State Aid based on Governor s Recommended Budget Decreased Expenditures Eliminated Open/New Positions Elimination of 2 New Teaching Positions/Increased Enrollment Elimination of New Language Teacher Elimination of Science Teacher Not Funding Open Custodial Position Reduction of Supplies/Services/Travel Reductions based on Decision Packages

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23 Budget Budget Proposed Personnel Services -Compensation $ 20,336,446 $ 20,608,426 $ 21,340,071 Personnel Services -Employee Benefits $ 6,887,691 $ 7,132,079 $ 7,419,594 Purchased Professional /Technical Services $ 1,223,669 $ 1,025,855 $ 1,242,827 Purchased Property Services $ 582,532 $ 633,088 $ 599,989 Other Purchased Services $ 4,658,833$ 5,249,086 $ 4,764,945 Supplies $ 1,312,893 $ 1,311,608 $ 1,135,015 Property $ 1,155,094 $ 1,318,500 $ 192,548 Debt Service and Miscellaneous $ 52,131 $ 45,473 $ 16,672 $ Other Items - $ - $ 7,088 Total Budgeted Expenditures $ 36,209,289 $ 37,324,115 $ 36,718,749

24 Suggestions