Transcript FY 2011 Budget and Forecast Presentation

FY 2011
Budget and Forecast
Presentation
Licking Heights Board of Education
Regular Board Meeting
October 19, 2010
2010-11 Appropriations by Fund
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Estimated Expenditures:
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General Fund $26,369,590
Bond Retirement Fund $3,416,089
Building Fund $1,500,000 *
Permanent Improvement Fund $1,000,000
State Grants $15,000
Federal Grants $1,403,475
Other Grants $38,779
Food Service $1,176,511
Activity Accounts $550,183
* Does not currently include any of the $10M COPS proceeds to be used for
construction/renovation
General Fund - Expenditures
Total increase over 2009-2010 – 3.66%
 No additional staffing budgeted
 Health insurance renewal = 2.4% increase
 Reclassification of Flying Colors
Preschool services (moved from
Purchased Services to Other
Expenditures)
 All equipment purchases removed
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Federal Funds
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Multiple Sources:
◦ Consolidated Application
◦ American Reinvestment and Recovery Act
(ARRA)
◦ State Fiscal Stabilization Fund (SFSF)
◦ Education Jobs Fund (Ed Jobs)
ARRA and SFSF funds will not be
reallocated beyond FY 2011
 Ed Jobs fund will not be available after
FY 2012
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Consolidated Application
Total Allocation - $715,828
 Currently pays for:
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◦ All or a portion of salaries for ten teachers
(special education, Title I, ESL, etc.)
◦ Salary for special education secretary
◦ Benefits for three teachers and special
education secretary
◦ Professional development for staff
◦ Supplies/materials and equipment needs for
special education, Title I and ESL staff
ARRA Application
Total Allocation - $262,410
 Currently pays for:
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◦ Salaries for three special education teachers
◦ Salary for special education supervisor
◦ Salary for literacy coach
Funding has not been reallocated beyond
FY 2011
 Expenditures will have to be reallocated
to general fund beginning in FY 2012
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State Fiscal Stabilization Funds
Total Allocation - $560,800
 Currently pays for:
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Social Worker at LH West
SRO’s at LH Central and LHHS
LACA Services
Community School Transfer
Early Bird Program at LH South
HS Electric
Funding has not been reallocated beyond FY 2011
Expenditures will have to be reallocated to
general fund beginning in FY 2012
Education Jobs Fund
Total Allocation - $393,256
 Available for expenditure in FY 2011 and
FY 2012 (must be spent by 09/30/12)
 Unlike other Federal programs,
supplanting is allowable (i.e. able to pay
staff previously paid from non-federal
funds)
 Full allocation to be used in FY 2012
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Overview of Future Impact on
General Fund
$560,800 in SFSF funding ends FY11
 $262,410 in ARRA funding ends FY11
 $393,256 in Ed Jobs funding ends FY12

Total Impact in FY 2011 - $823,210
 Additional Impact in FY 2012 - $393,256
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Total Impact over 2 years - $1,216,466
Five-Year Forecast
Total Revenues are estimated to decrease
by 17.1% from FY 2011 to FY 2015
 Why?
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◦ $4.3M operating levy expires 12/31/11
◦ Over $550K in SFSF funding removed
beginning in FY 2012
◦ 5% reduction in State funding projected in FY
2012 (flat lined from FY 2013-FY 2015)
◦ Reduction in reimbursement related to TPP
phase-out
Five-Year Forecast
Total Expenditures are estimated to
increase by 34.6% from FY 2011 to FY
2015
 Why?
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◦ Additional staffing included in FY 2012
through FY 2015 to accommodate growth
needs, ADK and loss of federal funds
◦ Benefits relative to new staff included
◦ Allocations for textbooks added beginning in
FY 2012
What does this mean?
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The expiring levy will need to be replaced
◦ When and for how much has yet to be
determined
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Some assumptions may need to be
changed
◦ This would include reducing additional
staffing positions or possibly cutting existing
positions
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The final determination regarding the
State’s biennial budget is crucial
Questions / Concerns