Transcript Proposed FY14 Revenue Budget

Saint Paul Public Schools
FY14 Budget
Michael A. Baumann
Jaber Alsiddiqui
June 18, 2013
FY14 Proposed Budget
(Expenditures)
Total FY14
Proposed Budget
$688.1
General Fund
$518.3
General Fund
Fully Financed
$42.8
Food Service
$25.5
Community
Service
$21.1
Community
Service Fully
Financed
$4.8
Building
Construction
$32.0
Debt Service
$43.6
FY14 Proposed Budget numbers depicted in millions
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2
Revenue and Expenditure Budget Summary
Fiscal Year 2013-14, revised
Estimated
Beginning Fund
Balance
General Fund
General Fully
Financed Fund
Revenues
Expenditures
Revenues
Over/(under)
Expenditures
Estimated Ending
Fund Balance
$100,928,410
$505,636,982
$518,291,295
-$12,654,313
$88,274,097
242,040
42,775,213
42,775,213
0
242,040
4,613,896
25,532,500
25,532,500
0
4,613,896
2,767,239
20,068,945
21,131,545
-1,062,600
1,704,639
Food Service
Community
Service
Community
Service Fully
Financed
Building
Construction
341,519
4,772,353
4,772,353
0
341,519
49,184,779
26,200,000
32,000,000
-5,800,000
43,384,779
Debt Service
(1,467,240)
48,715,000
43,560,000
5,155,000
3,687,760
$156,610,643
$673,700,993
$688,062,906
-$14,361,913
$142,248,730
Total All Funds
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FY14 General Fund
Big Picture – Expenditure
Area
FY13
FY14
Change
Percent
Change
Schools
$237,132,479 $244,766,252
$7,633,773
3.22%
School Service
Support
162,923,621
179,770,029
$16,846,408
10.34%
District-wide
Support
86,071,657
89,318,197
$3,246,540
3.77%
Central
Administration
4,484,159
4,436,817
($47,342)
-1.06%
Total $490,611,916 $518,291,295 $27,679,379
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4
Staff and Community
Engagement
•
•
•
•
•
•
Met with principals
Met with District leadership
PIC presentation
Solicited comments on www.spps.org
Met with DPAC
Met with American Indian Advisory
Committee
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Recommendation
That the Board of Education adopt
the FY14 expenditure budget of
$688,062,906 and FY14 revenue
budget of $673,700,993.
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Questions
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