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LCPS 2014/15 Budget Overview LCPS 2014/15 Budget Overview

LCPS 2014/15 Budget Overview - PowerPoint Presentation

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LCPS 2014/15 Budget Overview - PPT Presentation

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

budget 000 school change 000 budget change school total increase revenue 500 state seg increased instructional grants 700 funds budgets 862 166

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Presentation Transcript

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