Alabama State Department of Education

Transcription

1 Alabama State Department of Education April 11, 2014 Mr. Dennis Coe Director of Supporting Programs

2 Public School Fiscal Management Policies A local board of education, to ensure the sound fiscal management of board finances, upon the recommendation of the local superintendent of education, shall adopt fiscal management policies which comply with generally accepted accounting principles, including, but not limited to, policies related to each of the following: (1) Regular reconciliation of bank statements. (2) Maintenance of fixed assets inventory. (3) Deposit of incoming funds. (4) Review of monthly revenues and expenditures.

3 Required Reports (1) A monthly financial statement showing the financial status of the local board of education accounts with itemized categories specified by the State Board of Education. (2) A monthly report showing all receipts and the sources thereof. (3) A monthly report showing all expenditures with itemized categories specified by the State Board of Education. (4) An annual projected budget. (5) Monthly and/or quarterly reports showing expenditures relative to such projected budget. (6) A yearly report of the fixed assets inventory of the local board of education with itemized categories specified by the State Board of Education. (7) Financial and other information necessary to participate in national statistical studies on education.

4 Reserve Funds A local board of education shall develop a plan to establish and maintain a minimum reserve fund equal to one month's operating expenses. Also, a local board of education shall develop a plan to replenish its reserve fund after any withdrawal is made.

5 Corrections 4.25 % Education % Judicial 1.65 % Legislative 0.42 % All Other % Transportation 4.27 % Medicaid % Provided by LFO

6 Total State Funds: $11 billion ETF: $5.77 billion (52%) SGF: $1.75 billion (16%) Other State Funds: $3.5 billion (32%) Provided by LFO

7 FISCAL YEAR AMOUNT 2015 $23,558, $33,952, $42,622, $61,783, $55,539, $88,7 38, $31,881, $32,181, $33,494, $33,728, $38,449, $39,201, $32,500,000 TOTAL $547,629,100 Provided by LFO

8 FY15 Foundation Program Divisors: SDE request was for grades 7-8 divisors to be and gain 450 additional teaching units. Senate Passed version gives as grades 7-8 divisors and gains 225 additional teaching units. Conference Committee left divisors at 20.2 hiring no additional teaching units. OCE: SDE requests was for $28,000,000 additional dollars. Senate passed gets us $10.8 million with $4 million of that going towards a 1% one-time bonus. Conference Committee transferred $7 million from divisors to move total increase to $17.7 million Textbooks: SDE requested $56.00 per ADM. Senate passed allocates per ADM and $15.5 million less than the SDE request. Conference Committee allocated $31.35 per ADM ( $2.7 million increase from FY14)

9 FY15 Foundation - Continued School Nurse: SDE requested $33,000,000. Senate passed allocated $30,255,939 which is only the bonus. Conference Committee allocated no increases from FY14. Technology Coordinator: SDE requested $8,100,000 ($60,000 per LEA). Senate passed allocated $3,697,834 which is only the bonus. Conference Committee allocated no increases from FY14. Transportation Operations: SDE requested $14,000,000 additional dollars. Senate passed allocated $2.9 million which is only the bonus. Conference Committee allocated $10.7 million additional dollars.

10 FY15 Foundation - Continued Fleet Renewal: SDE requested $7,800 per qualifying bus. Senate allocated $6,000 per bus. Conference Committee allocated $6,000 per bus. Current Units: SDE requested fully funded at $21,965,280. Senate passed level funds it at the current FY2014 allocation of $3,821,008. (8,000 per growth unit) Conference Committee allocated level funding. At Risk: SDE requested $32,000,000 to get $ per at risk student. Senate passed allocated level funded from FY2014 at $20,267,734. ($63.00 per atrisk student) Conference Committee allocated level funding.

11 FY15 Foundation - Continued PEEHIP: Senate allocated $714 per employee. House allocated $753 per employee. Governor recommended $795 per employee. Conference Committee allocated $780 per employee. Other Classroom Instructional Support: Student materials - $310/unit Technology - $0 Library Enhancement - $0 Professional Development - $0 Common Purchase - $0

12 Notable Appropriations from ETF Dept. of Commerce - $53.5 million Marion Military Institute - $6.3 million Alabama Ear Institute - $75,000 Poison control- $300,000 Teach for America - $572,193 Post-Secondary Prison Education - $9.3 million Black Belt Treasures - $150,000 Black Belt Adventures - $300,000 Alabama Civil Air Patrol - $75,000

13 Notable Appropriations from ETF Dept. of Public Health - $12.1 million Dept. of Mental Health - $44.2 million Family Practice and Rural Health Board - $1.9 million Soil and Water Conservation Committee - $1 million Alabama Supreme Court Library - $250,000 Sickle Cell Oversight Commission - $1.3 million Alabama Innovation Fund - $3.4 million Special Populations Training- $4.5 million

14 Notable Appropriations from ETF Total conditional appropriations - $92 million Initial shortfall from SDE request - $120 million

15 GAP INSURANCE FOR K-12 PUBLIC SCHOOL BUILDINGS ACT This Act requires the risk manager to develop a program of coverage under the State Insurance Fund to provide proceeds sufficient to allow a K-12 public school building that has been rendered a total loss as a result of covered peril to be reconstructed with materials superior to its original construction and in an increased size if appropriate based upon current construction standards and occupancy.

16 State Employee Pay Raise CONDITIONAL COST-OF-LIVING-INCREASE (UP TO 4%).This bill would provide a salary increase of up to four percent (4%) beginning October 1, 2014, for state employees and others, conditioned upon the availability of funds in the State General Fund, the recommendation of the Finance Director, and the approval of the Governor. As amended, this bill also provides for a one-time lump sum bonus of $400 to be received on December 1, Sent to Governor for signature

17 RETIRED STATE EMPLOYEES LUMP SUM PAYMENT This bill provides for a funded one-time lump-sum addition to the retirement benefits of certain retirees and beneficiaries of the Employees' Retirement System. The formula for calculating the lump-sum payment shall be two dollars ($2) per month for each year of service attained by the retiree or $ whichever is greater. Sent to Governor for signature

18 What Next? The Governor has until the close of business this Sunday, April 13 th in which to act upon a bill (i.e., sign). If he does not sign, the bill is dead.