May 27 2014 Regular Board Meeting Budget Priorities Board Of Education Smaller Class size Salary enhancement Adequate supplies to schools Access to technology NM Legislative Requirements ID: 650596
Download Presentation The PPT/PDF document "LCPS 2014/15 Budget Overview" is the property of its rightful owner. Permission is granted to download and print the materials on this web site for personal, non-commercial use only, and to display it on your personal computer provided you do not modify the materials and that you retain all copyright notices contained in the materials. By downloading content from our website, you accept the terms of this agreement.
Slide1
LCPS2014/15Budget Overview
May
27
,
2014
Regular Board MeetingSlide2
Budget Priorities
Board Of Education
Smaller Class size
Salary enhancementAdequate supplies to schoolsAccess to technology
NM Legislative Requirements
3% average salary increase
3% additional average
i
ncrease for Educational Assistants
increase in ERB Rate from 13.15% to 13.9% of total salary (5.7% increase)
2.85% increase to Health Insurance
Coverage Slide3
Instructional EnhancementsTarget = 85:5-16
Enhancement of “Turn Around” initiatives
Expansion of LEAP
Start up of APMA (Arrowhead Park Medical Academy)Expansion of Valley View mission (multi-age setting)Slide4
State Equalization Guarantee
SEG
Unit value increased $188.20 (4.9%)
SEG increased $
7
million (4.15%)
Historical Informaiton
2006-07
2007-08
2008-092009-102010-112011-122012-132013-142014-15Total Unit Value 3,446.44 3,645.77 3,871.79 3,792.65 3,712.17 3,598.97 3,668.18 3817.55 4,005.75 SEG 146,886,323 157,909,117 166,334,743 166,088,024 161,790,227 165,580,413 166,409,833 169,959,175 177,018,844 Slide5
Budget Overview
* Other Funds Include Food Service, Athletics and Student support funds (activity)
Fund Type
2013/14 Budget
2014/15 Budget
Change
Capital Outlay
50,903,821
59,850,934
8,947,113 Debt Service 27,149,679 28,577,591 1,427,912 Federal Funds 25,988,390 21,212,889 (4,775,501)General Fund 193,333,024 195,024,591 1,691,567 Other Funds 19,499,197 18,757,927 (741,270)State/Local Grants 4,702,341 3,789,309 (913,032)Total 321,576,452 327,213,241 5,636,789 Slide6
General Fund Revenue
Revenue Comparison
13/14 Budget
14/15 Budget
$ Change
Operational
Access Board (e-Rate)0 500,000 500,000 Ad Valorem Taxes School District1,128,613 1,164,793 36,180 Charter School Admin Revenue (2% of Charter SEG)63,737 37,143 (26,594)Fees - Outside Activities27,000 25,000 (2,000)Indirect Costs (Federal Direct Grants)57,671
48,000
(9,671)
Indirect Costs (Federal Flow-through Grants)
250,000
280,000
30,000
Indirect Costs (State Direct Grants)20,000 20,000 0 Insurance Recoveries5,535 0 (5,535)Investment Income40,000 40,000 0 Refund of Prior Years Expenditures0 40,000 40,000 Sale/disposal of Equipment3,000 10,000 7,000 State Equalization Guarantee169,959,175 177,018,815 7,059,640 Total Operational171,554,731 179,183,751 7,629,020 Transportation Distribution7,211,841 5,040,441 (2,171,400)Instructional Materials Adopted Materials641,624 611,694 (29,930)Non-Adopted Materials641,623 611,693 (29,930)Total Instructional Materials1,283,247 1,223,387 (59,860)Total Revenue General Fund180,049,819 185,447,579 5,397,760
LCPS was aggressive in projecting revenue for the 2014/15 budget
The initial allocation for the transportation cost is an increase of 1%. Rents & Leases is a flow through allocation from PED and will be established at a later date
A 4.7%
reduction
from the prior year.
Year-end Cash Balance projected at $9 Million.
This is an aggressive projectionSlide7
School (non-payroll) Budget Request
School budgets have increased 18% for non-payroll purchases
Largest increases
Software – Purchase of
Lexia
software for student learning
Supplies/Materials
Operational
Budget ComparisonFunction13/14 Budget14/15 BudgetNet Change% ChangeInstruction2,478,912 2,951,332 472,420 19%Support - Students75,590 106,772 31,182 41%Support - Instruction231,999 257,715 25,716 11%School Admin298,550 333,069 34,519 12%Plant41,940 35,456 (6,484)-15%
Total School Budgets
3,126,990
3,684,344
557,354
18%
Budget Comparison by Level
Function13/14 Budget14/15 BudgetNet Change% ChangeAlternative45,973 114,150 68,177 148%Elem1,486,209 1,647,259 161,050 11%High School902,838 1,143,284 240,446 27%Mid School705,130 798,801 93,671 13%Total3,140,150 3,703,494 563,344 18%High school request is a larger increase due to the startup cost of ECHS Medical AcademyCrossroad, MV Hospital and Detention Center are included in table 2 onlySlide8
Department (non-payroll) Budget Request
Department Budgets have increased 8% over 2013/14
Most increases are in the area of instruction
Reserves in the utility accounts have been eliminated.
Budget Comparison
Department
13/14 Budget
14/15 Budget
Net Change
% Change200 - Superintendent880,461 740,059 (140,402)201 - Data Management1,071,965 1,018,650 (53,315)202 - Policy Dev/Communications54,754 49,051 (5,703)203 - Instruction1,218,727 1,405,979 187,252 15%210 - Elementary Curriculum219,480 39,060 (180,420)
211 - JUMP
42,036
62,541
20,505
49%
212 -Turn Around
24,459 135,550 111,091 454%220 - Secondary Curriculum350,275 526,962 176,687 50%225 - INSTRUCTION - GRANTS40,483 251,961 211,478 522%230 - Bilingual Education40,648 96,882 56,234 138%240 - Professional Development6,738 29,345 22,607 336%250 - Visual/Performing Arts88,584 242,332 153,748 174%260 - Technology Support446,435 528,625 82,190 18%261 - Information Operations108,651 108,500 (151)270 - Athletics1,088,751 1,231,700 142,949 13%280 - Career Education58,358 58,174 (184)290 - Crossroads11,160 11,350 190 2%312 - Detention Center/MV Hospital2,000 7,800 5,800 290%400 - Special Education337,214 342,750 5,536 2%700 - Operations33,315 46,502 13,187 40%710 - Human Resources145,359 317,900 172,541 119%720 - Purchasing46,500
55,700 9,200
20%
730 - Physical Plant
552,141
659,100 106,959 19%
750 - Construction
17,670
19,000
1,330
8%
760 - Health Services
27,366
36,500
9,134
33%
770 - Finance
13,528,079
14,010,419
482,340
4%
800 - Transportation
44,617
34,317
(10,300)
840 - Material Management
291,606
319,355
27,749
10%
850 - Safety
115,630
205,700
90,070
78%
Total
20,893,462
22,591,764
1,698,302
8/%Slide9
Operational Staffing
Instructional Staff
New Teachers +37
Elementary +13Mid Schools +17In the bullpen + 7Dean of Students +1Other
Asst. Principals + 3
Custodian + 1
Security +1
Maintenance +2
Tech +3Sec/Cler +3
Budget ComparisonFunction13/14 Budget14/15 BudgetNet Change% ChangeCompensation117,862,200 120,582,282 2,720,082 2.3%Benefits43,481,574 42,685,862 (795,712)-1.8%Total161,343,774 163,268,144 1,924,370 1.2%
A Different Look
14/15 Budget vs. 13/14 Estimated Expenditures
Function
13/14 Estimate
14/15 Budget
Net Change
% ChangeCompensation115,078,904 120,582,282 5,503,378 4.8%Benefits42,546,781 42,685,862 139,081 0.3%Total157,625,685 163,268,144 5,642,459 3.6%Salaries & Benefits are 92.3% of recurring revenue.Slide10
Questions?Additional analysis in the Executive Summary