Transcript Recommended Changes for Carnevale, Springfield, DelSesto

2012-2013
Superintendent’s Budget
Presentation for Providence School Board
March 26, 2012
1
FY2011-2012 Budget Projection
Projected Revenues
Projected Expenditures
Surplus/(Deficit)
$308,553,007
309,301,098
($748,091)
2
Budget Drivers
•
Student Achievement
– Class size, curriculum development, professional development, classroom
materials, extracurricular activities, innovations schools, common planning time,
standards, and assessments
•
Available Funding from State and City
•
Changes to School Enrollment
•
Labor Contract Obligations
– Salaries, Benefits, Class Size
•
Employee Retirement Contributions
– State
– Local
•
Vendor Contract Obligations
– Transportation
– Custodial and maintenance
– Outside tuitions
3
Local Budget Comparison FY 2012 to FY 2013
Providence School Department
Fiscal Year 2012-2013
Local Budget Revenue/Expenditure Projection
Revenues
State Aid
Restore Federal Job $
Funding Formula Year 2
Categorical Changes
Supplemental Jobs $ FY 12
Group Home Updates
Non Public Transportation
SUBTOTAL
Budget
2011-2012
Projection
2012-2013
$177,121,396
Change
177,121,396
$177,121,396
8,683,552
7,682,555
228,566
(128,298)
(90,000)
(112,426)
193,385,345
$0
8,683,552
7,682,555
228,566
(128,298)
(90,000)
(112,426)
16,263,949
City Aid
Medicaid
Indirect Cost
Miscellaneous
SUBTOTAL
124,896,611
4,250,000
1,700,000
585,000
131,431,611
124,896,611
4,250,000
1,500,000
585,000
131,231,611
0
0
(200,000)
0
(200,000)
TOTAL REVENUE
308,553,007
324,616,956
16,063,949
308,553,007
330,821,024
22,268,017
Expenditures
Total Expenditure
4
BUDGET GAP
$6,204,068
Budget Expenditure Variances
Salaries
Delay in Hiring Add Back / Onetime Salary Reductions
Loss of Federal Jobs Funds
Title I Stimulus $
Literacy Surplus
Furlough Days
1033 Step Freeze
1033 1% Wage Add Back
PTU Longevity
Steps
New Positions
Crossing Guards 6
Displaced Teachers FY 12-13 Est. 25 FTE's
Misc
$3,109,500
1,350,000
300,000
1,500,000
1,550,000
325,000
350,000
690,500
860,000
1,180,000
65,000
1,800,000
81,172
13,161,172
Benefits
Dental
4% Projected Increase and Additional Staff
Medical
3% Projected Increase and Additional Staff
FICA
Salary Items
Retiree Medical
4% Projected Increase
City Retirement
11.19% Increase to Rate
Workers Compensation
Based on FY 11-12 Projections
Workers Compensation Med Based on FY 11-12 Projections
Laborer’s Pension
10% Increase April 2013
265,327
929,231
1,006,830
262,349
773,054
200,000
100,000
190,000
3,726,791 5
Budget Expenditure Variances
(Continued)
Other
Technical Service
IT Service Contracts
44,000
Non Technology Related Repairs Building Generator Conversion
50,000
Transportation
Budget Increased by 16 Busses plus 2% Contract Increase
1,370,672
Tuition to Other School Districts
$1,100 per Student Increase for Met & Davies
659,499
Tuition
Based on FY 11-12 Projection
700,000
Tuition to Charter Schools
$584 per Student Increase
378,640
Computer Hardware
Phase I of Elementary School Computer Upgrades
800,000
Computer Hardware
Phase I of Electronic White Board Installation
700,000
Custodial Service
3% Contractual Increase
501,000
Natural Gas
Natural Gas (Heating)
200,000
Miscellaneous Changes
(23,757)
5,380,054
Expenditure Increases
$22,268,017
6
Budget Unknowns
• Final State Aid Allocation to the District
• Final City Appropriation to the District
• Final Federal Entitlements
7
FY2013 Budget Overview
•
The Superintendent’s FY2012-13 proposed budget is $330,821,024
•
The FY2013 Budget is $22,268,017 or 7.22% higher than FY2012
•
Budget increases are driven by:
» Labor agreements
» Vendor agreements
» State regulations and laws
» Loss of Stimulus Funding
» Loss of Federal Jobs Bill
8
Budget Revenue Assumptions
•
State Aid will be calculated without the accelerated funding formula
–
•
The City appropriation to schools will remain at the FY2012 amount
–
•
Governor’s FY2013 Proposed Budget calls for an accelerated funding formula which results in an additional
$3.7 million increase for Providence
City funded 40.47% of FY2012 budget. Level funding of the FY2013 proposed revenue budget is 38.48%
Federal Entitlements will be level funded
9
Budget Expenditure
Assumptions
• Eliminating a $6.2 million budget gap
• Achieved by:
– Approval of Governor's Revenue Proposal
– Staffing Reductions
– New Initiatives
10
Budget Expenditure
Assumptions (Continued)
Current Budget Gap
$6,204,068
Accelerated Funding Formula
3,679,073
Proposed Positions
90,288 -
1,640,875
New Initiatives
20,000 -
1,930,000
Proposed Budget Gap
$0
11
FY 2013 Expenditures
Proposed Expenditures
Supplies
0.74%
Equipment
0.72%
$330,821,024
Utilities
2.46%
Services
17.98%
Salaries &
Benefits
78.10%
12
FY 2013 Revenues
Projected Revenues
$324,616,956
13
Budget Schedule (Anticipated)
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March 26
April 27
May 1
June
June-July
July
July-August
July-August
Budget Submitted to School Board
Budget Submitted to Mayor
Budget Submitted to Council
Council Budget Hearings
Final State Aid Determined
Council Adopts City Budget
School Board Approval
Council Approves Ordinances
14
Questions ?
15