Budget Document

Transcription

1 Proposed Budget Mission: Educate Every Child Vision: All students will graduate on-time, prepared for college, careers, and life Budget Document 33 different programs for the operating budget listed by code with details on: what the program pays for source of funds (state, local, federal) comparison of expenditures over time - actual current budget - actual so far this year - estimated by 6/30/14 - proposed percent increase/decrease footnotes explain why expenditures went up or down 1

2 Budget Document (continued) 7 appendices: Capital Improvement Plan (already approved) Capital Outlay Fund 2 Enterprise Funds - Child Nutrition - After School Enrichment Program Student Fees Glossary PowerPoint Reviewing Tonight... Proposed Operating Budget 2

3 Budget based on... Strategic Plan Mission: Educate Every Child Vision: All students will graduate on-time, prepared for college, careers, and life. Board of Education Goals Goal #1 Recruit, train and retain quality teachers and administrators. Goal #2 Prepare all students for college, careers, and life. Goal #3 Follow sound, efficient financial procedures and provide resources and auxiliary services that support the instructional program. 3

4 Board of Education Goals (continued) Goal #4 Provide responsible maintenance of facilities and grounds. Goal #5 Engender community support through an active public relations program. Important Student Outcomes (continue to rank in the Top Ten of 115 districts) #6 in NC for on-time graduation rate in % is Dare s highest ever - NC Top Ten for 7 years in a row #2 in NC for best dropout rate in rate of 0.68% is Dare s best ever - NC Top Ten for 10 years in a row #2 for SAT scores based on participation rates and scores - NC s top two for 5 years in a row 4

5 Important Student Outcomes (continued) #6 overall best score on the final administration of NC s ABCs standardized tests ( ) #8 overall highest score on New NC Standardized State Tests ( ) #8 highest overall ACT score in NC ( first time given to all 11 th graders) Important Student Outcomes (continued) Top 9% of high schools in the nation for Advanced Placement course participation (all 3 Dare County high schools, last 4 out of 5 years) Only district in NC with 2 or more high schools with 100% of schools on the list Above national/state average for percent of graduates earning college credit through Advanced Placement: source: Washington Post website US average 20.1% NC average 19.3% CHSS 42.9% FFHS 37.2% MHS 34.6% 5

6 Board of Education Goal #3 Follow sound, efficient financial procedures and provide resources and auxiliary services that support the instructional program. AdvancED Standard 4 Resources and Support Systems The system has resources and provides services in all schools that support its purpose and direction to ensure success for all students. 6

7 AdvancED District Accreditation Team Commendation for Powerful Practice (visit December, 2013) Effective and efficient fiscal planning and procedures create the opportunity for the district to be proactive in providing resources for quality educational programs and facilities. * (7 other Powerful Practices commended) * Report of the External Review for Dare County School System, January 6, 2014 Certificates of Achievement for Excellence in Financial Reporting from 2 prestigious organizations: - Government Finance Officers Association (6 years in a row) - Association of School Business Officials International (first time application/received award) 7

8 User-Friendly Budget Document Contains: Program Descriptions (PRCs) and Footnotes explanation of what the program covers; comparisons of: - budgeted/actuals/projected - one year to the next source of funds explanation for increases/decreases glossary Budget Process: Schools/Departments receive targets based on enrollment and expenditures history SIT/Budget Committee/Director submits budget Finance Officer/Superintendent review any questions with Director/Principal Requests are prioritized, included, or trimmed - in strategic plan? - within target? - within available funding? 8

9 Budget Process (continued) Project Revenue - state, federal, local, other Project Expenditures - personnel costs, strategic plan, mandatory spending, and necessities Balance the budget Revenues Expenditures Revenue Projections for Operating Budget Based On: DPI Projected Enrollment (5029) - Increase of 97students over s projection DPI Historical Allotments (will be adjusted to planning allotments and the state s budget) Local Per Pupil Funding Formula (no requested increases above formula) Flat Federal Funding, except: expiration of Race to the Top expiration of School Improvement Grant 9

10 Revenue Projections for Operating Budget Based On (continued): Discretionary cuts replaced by permanent cuts - $1.2 million in $1.8 million in Projected $1.8 million permanent cut in state funding for Projected Revenue by Source / (in rounded dollars) Total State Local Appropriation Other Local Federal $ 52.2 million $ 28.4 million $ 19.8 million $ 1.5 million $ 2.5 million $ 53.7 million $ 29.3 million $ 21.0 million $ 1.3 million $ 2.1 million + 2.9% overall 10

11 Projected Revenue by Sources in Percentages $53,748, State 54% Local Appropriation 38% Other Local 3% Federal 5% 100% State 55% Local Appropriation 39% Other Local 2% Federal 4% 100% Next Step... Project Expenditures (Cut costs through efficiencies, grants, donations, reallocating resources, planning, streamlining) 11

12 Projected Expenditures for Operating Budget are Based On: Health Insurance Rate increase of 2.85% per employee (from $5,285 to $5,435 each) Retirement rate of 14.69% (no known increase) Projected Expenditures for Operating Budget are Based On (continued): Governor s proposal to increase salaries of early career teachers to $33,000 in state pay (from a low of $30,800) Projected salary increase of 3% for all teachers (except early career) and other employees (The local supplement for early career teachers in Dare County ranges from $3,500 to $3,750. Dare County s total local teacher supplements rank 8 th overall in the state) * * DPI Website: Statistical Profile, Local Salary Supplements, Table 20 12

13 Projected Expenditures for Operating Budget include: Six or more additional teachers - Funded by additional state revenue based on enrollments - Teachers to be assigned based on increased enrollment, demand for courses (MES, MMS, FFHS and others) Student laptop initiative - Grades Series of 4-year leases (replaces expiring leases on mobile labs) Increasing the local supplements for teachers by 2% to 3% Unknown/Beyond our Control Expenditures (best estimates used): state salary increases retirement rate health insurance utility costs (price of fuel, gas, electricity) property insurance workers compensation 13

14 The new budget environment: larger class sizes (the additional projected positions are for enrollment growth) - 24 in K, 1, 2, 3 - no state maximum above grade 3-30 is typical in grades 4 and 5 fewer employees (39 since , accomplished by attrition/reorganization) increased work loads discretionary cuts replaced by permanent cuts declining fund balance Undesignated Fund Balance now known as Unassigned Fund Balance (preferred term of GASB) Year Unassigned Fund Balance $ 444, $ 914, $ 1,087, $ 361, $ 350, $ 328, $ 364, $ 371, $ 375,000 (projected) $ 375,000 (projected) 14

15 Proposed Expenditures by Category / (in rounded dollars) Total Instruction, Support Operations Transportation Administration $ 52.2 million $ 44.8 million $ 4.3 million $ 1.6 million $ 1.5 million $ 53.7 million $ 46.2 million $ 4.4 million $ 1.6 million $ 1.5 million + 2.9% overall Proposed Expenditures by Category in Percentages $53,748, Instruction, Support 86% Operations 8% Transportation 3% Administration 3% 100% Instruction, Support 86% Operations 8% Transportation 3% Administration 3% 100% 15

16 Budget Calendar Board of Education Workshops/Meetings Tuesday, April 8 Initial Presentation 6:00 PM NHES Thursday, May 1 Workshop 5:00 PM Admin Office Tuesday, May 13 Vote on Budget 6:00 PM CHSS Summer Revise Budget Fall Adopt Final Budget Superintendent s Presentations April 8 April 24 April 10 May 9 Board of Education Principals Parent Advisory Committee Employees Advisory Council Thanks! Anna McGinnis Georgia Sellers Central Office Staff All staff and parents who served on budget committees 16

17 Distribution of Proposed Budget Comments Questions 17