May 12 2015 Stan Rounds Superintendent of Schools Budget Summary Fund Type Total Resources Capital Outlay 58699710 Debt Service 28716082 FederalGrant Funds 33318117 ID: 328593
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Slide1
Budget Town Hall Meeting
May 12, 2015Stan RoundsSuperintendent of SchoolsSlide2
Budget Summary
Fund Type
Total
Resources
Capital Outlay
$ 58,699,710 Debt Service28,716,082 Federal/Grant Funds33,318,117 General Fund194,767,377 Other Resources20,500,828 Total$ 336,002,114
* Total Resources from FY 15
2Slide3
Proposed Budget Operational Resources
Total Resources
2014/15
2015/16
Change
Beginning Cash $ 8,281,348 $ 3,246,418 $ (5,034,930)State Equalization Guarantee $ 177,055,834 $ 179,879,429 $ 2,823,595 Other Revenue $ 2,850,514
$ 2,368,884
$ (481,630)
Total
Resources $ 188,187,696 $ 185,494,731 $ (2,692,965)Estimated Expenditures $ (184,941,278) $ (185,494,731)Estimated Cash Balance $ 3,246,418 $ -
3Slide4
Operational ResourcesCash Balance
4Slide5
Cash Balance (District “Savings”)
5Slide6
Budget Reconciliation
How much do we need to cut?
Decrease
in Cash Balance
$ 5,035,000
Known Increase in Costs:• Increase in Medical Cost (4%) 549,619 • Increase in risk insurance 809,600 • Increase in utilities 680,000 • Transportation600,000 Budget cuts necessary to balance budget$ 7,674,219
6Slide7
Budget Choices
Bucket Choices
Selected
Teaching Staff to right size
$ 2,400,000 $ 2,400,000 Reduce an additional teacher at each elem1,200,000 0 Furlough 3 days ($700K per day)2,100,000 2,100,000 Central Office staff cuts500,000 500,000 High School - Reduce another 10 teachers
600,000
0
Transportation
300,000 300.000Assistant PrincipalsElementary AP #1 - Combine Elem AP w/ IS600,000 0 Or #2 Adopt APS Principal Staffing Model
1,300,000
0
Or
#
3
Reduce Elem Principals in Schools with enrollment less than 550
(6)
(5)
335,000
335,000
Secondary AP High School <1600 (2) 200,000 200,000 Mid School <750 (2) 200,000 200,000 Reduce 1 Educational Assistant at Each Building (40) (10)1,400,000 350,000 Custodians 20 500,000 0
More Choices Selected Round down (7 teaching positions) 420,000 0 Fleet Replacement Fund 141,200 141,200 LEAP 350,000 350,000 Lunch Monitors (1/2)250,000 250,000 School Resource Officers (Mid Schools) 300,000 0 Return To Work 400,000 200,000 Operational IS (2) 150,000 150,000 Transportation200,000 200,000 Total Deductions $13,646,200 $7,676,200
7Slide8
Administration Reductions (Central Office)
Position Type
Department
Description
FTE
Salary & Benefit CostsADMINISTRATORAssessment and ResearchCOORDINATOR1$ 91,400 ADMINISTRATORInstructionCOORDINATOR
1
91,400
ADMINISTRATOR
LEAPPRINCIPAL - ASST0.5 52,970 ADMINISTRATORRio Grande Preparatory InstitutePRINCIPAL - ASST0.5 52,970 ADMINISTRATORSuperintendentWEBMASTER1 71,880 ADMINISTRATORSuperintendentCOORDINATOR1 64,560 PROFESSIONALInformation Operations
DISTRICT REGISTRAR
1
59,680
SECRETARY CLERICAL
Finance
SEC-CLER III
1
32,840
SECRETARY CLERICAL
Superintendent
SEC-CLER III
1
46,260 SPECIALISTInstructionFACILITATOR1 79,200 TECHInformation TechnologyTECH II1 35,280 TECHInformation TechnologyTECH II1 35,280 TECHSuperintendentTECH III1 64,560 Additional Cuts and Reorganization Cost Reductions3 412,197
Total Central Office Reduction15$ 1,190,477 8Slide9
Operational Budget Comparison
Function
15-Adopted
16 - Proposed
$ Change
% ChangeAdmin/Supt 2,152,382 1,696,770 (455,612)-21.2%Central Srvcs 5,682,889 5,351,387 (331,502)-5.8%
Instruction
117,385,089
115,993,891
(1,391,198)-1.2%Maint of Plant 23,316,122 24,859,392 1,543,270 6.6%Other 1,531,621 702,011 (829,610)-54.2%School Admin 13,304,703 12,171,101 (1,133,602)-8.5%Student Support 24,046,324 24,031,217
(15,107)
-0.1%
Transportation
975,399
688,962
(286,437)
-29.4%
Total
188,394,529
185,494,731
9Slide10
Operational Budget ComparisonEmployees
15-Initial
Budget
16 - Proposed
Change% ChangeAdmin/Supt12.25 8.00 (4.25)-34.7%Central Srvcs77.50 74.50 (3.00)-3.9%Instruction1,929.25 1,874.00
(55.24)
-2.9%
Maint of Plant
296.50 294.50 (2.00)-0.7%Other7.00 4.00 (3.00)-42.9%School Admin207.79 197.50 (10.29)-5.0%Stdnt Suppt324.20 324.60 0.40 0.1%Transportation
2.00
3.00
1.00
50.0%
Total
2,856.49
2,780.10
(76.38)
-2.7%
10Slide11
Proposed Operational BudgetFinal Look
Budget Comparison
Fy 14/15
FY 15/16
SEG $ 177,055,834 $ 179,879,429 Salary/Benefit Budget 164,433,572 160,678,445 % of SEG92.9%89.3% % of Operational Resources87.7%86.6%
11Slide12
Next StepsBoard of Education
School Board Takes Action on Budget – May 26, 2015 Budget Sent to Public Education Department – May 29, 2015
Budget Effective July 1, 2015 through June 30, 2016
12Slide13
Q & A
e-Mail:
opinions@lcps.k12.nm.us
Questions
from the Audience13