Transcript LPSS Budget Workshop 04/18/02

Figure A
CUSTODIAL POSITIONS
Permanent Positions vs. Using Long Term Substitutes
Item
#
School
# L/T
Subs
# Current
FTE
Recommended
FTE Staffing
Recommended
FTE Additions
Annual Rate
of Pay
+ 43%
Benefits
Financial Impact
for Additions
1.
Acadian Middle
1.0
3.0
4.0
+1
$12,688.00
$5,455.84
$18,143.84
2.
Career Center
1.0
2.0
3.0
+1
$12,688.00
$5,455.84
$18,143.84
3.
Charter High @ LeRosen
0.5
1.0
2.0
+1
$12,688.00
$5,455.84
$18,143.84
4.
PPG Warehouse
0.5
0.0
1.0
+.5 *
$6,344.00
$2,727.92
$9,071.92
5.
Duson Elementary
0.5
1.0
2.0
+1
$12,688.00
$5,455.84
$18,143.84
6.
J. W. Faulk Elementary
1.0
3.0
4.0
+1
$12,688.00
$5,455.84
$18,143.84
7.
E. J. Gallet Elementary
1.0
3.0
4.0
+1
$12,688.00
$5,455.84
$18,143.84
8.
Live Oak Elementary
1.0
3.0
4.0
+1
$12,688.00
$5,455.84
$18,143.84
9.
S. J. Montgomery
1.0
3.0
4.0
+1
$12,688.00
$5,455.84
$18,143.84
10.
N. P. Moss Middle
1.0
3.5
5.0
+1
$12,688.00
$5,455.84
$18,143.84
11.
N. P. Moss Middle
0.5
+.5
$6,344.00
$2,727.92
$9,071.92
12.
N. P. Moss Middle
1.0
0
$0.00
$0.00
$0.00
10.0
$126,880.00
$54,558.40
$181,438.40
10.0
Discontinue
22.5
* Solomon=s Head Custodian I Position (1.0 FTE)
same pay grade.
**
Note: Requesting this position to become Warehouse Worker II Position on
**Recommended .5 FTE will replace current Substitute Custodial Position at Hippy & NEST at Himbola and Lafayette Regional.
Annually $100,528 is budgeted in the Custodial Substitute Account for payroll expense for the 10 long-term substitutes.
ADDITIONAL BUDGET IMPACT WITH MAXIMUM BENEFITS IS ($181,438.40 - $100,528.00 = $80,910.40)
Figure B
ANNUAL FINANCIAL EXPENSE
Long-Term Substitutes
FY 01/02
Item
#
School
FTE
(Subs)
Hourly Rate of Pay
# Hours per Day
Amount per Day
244 Days per Year
1.
Acadian Middle
1.0
$5.15
8
$41.20
$10,052.80
2.
Career Center
1.0
$5.15
8
$41.20
$10,052.80
3.
Charter High @ LeRosen
0.5
$5.15
4
$20.60
$5,026.40
4.
PPG Warehouse
0.5
$5.15
4
$20.60
$5,026.40
5.
Duson Elementary
0.5
$5.15
4
$20.60
$5,026.40
6.
J. W. Faulk Elementary
1.0
$5.15
8
$41.20
$10,052.80
7.
E. J. Gallet Elementary
1.0
$5.15
8
$41.20
$10,052.80
8.
Live Oak Elementary
1.0
$5.15
8
$41.20
$10,052.80
9.
S. J. Montgomery
1.0
$5.15
8
$41.20
$10,052.80
10.
N. P. Moss Middle
1.0
$5.15
8
$41.20
$10,052.80
11.
N. P. Moss Middle
1.0
$5.15
8
$41.20
$10,052.80
12.
N. P. Moss Middle
0.5
$5.15
4
$20.60
$5,026.40
$412.00
$100,528.00
10.0
ADDITIONAL RECOMMENDATIONS
A minimum of 2.0 Custodial Positions are recommended at each school site.
The following school sites currently have less than 2.0 FTE Custodial Positions:
School
L. Leo Judice
LeRosen Site
Myrtle Place Elem.
Total
FTE
1.5
1.0
1.5
4.0
Recommendation
2.0
2.0
2.0
6.0
Addt’l
0.5
1.0
0.5
2.0
IMPACT
# FTE
1.0
0.5
0.5
2.0
Salary Expense Benefits % Benefits
$12,688.00
$5,455.84
43%
$ 6,344.00
$ 472.62
7.45%
$ 6,344.00
$ 472.62
7.45%
$25,376.00
$6,401.08
Total Budget Impact
$18,143.84
$ 6,816.62
$ 6,816.62
$31,777.08
LPSB Capital Improvement Fund
2002/2003
Proposed Budget
Revised 5/28/02
Requested
Recommended
Notes
Revenue:
Projected Fund Balance @ 6/30/2002
Sales Tax Revenue
Interest Income
Rent, Leases & Royalties
Transfer from Debt Service Fund
Total Revenues
$
20,604
$
575,000
70,000
34,748
500,000
20,604
(1)
575,000
70,000
34,748
500,000
$ 1,200,352
$
1,200,352
$ 8,668,908
$
1,140,615
Total Expenditures
$ 8,668,908
$
1,140,615
Projected Fund Balance @ 6/30/2003
$ (7,468,556)
$
59,737
Expenditures:
See Schedule 1
Note (1) The proposed budget has been prepared under the assumption that all funds appropriated
through 2001/02 will be expended by June 30, 2002. Any carry-over funding will be
addressed at a later date once that determination has been made.
LPSB Capital Improvement Fund
2002/2003
Schedule 1
All Departments Proposed Budget
Revised 5/28/02
Portable Building Lease Payments
$
Other Portable Costs
Portable Building Relocation
Adult Ed - (1) Double classroom portable building
Computer Services
AS/400 - Maintain performance standards
Hardware Upgrades
AS/400 - Optical Archival/Retrieval Sub-System
Maintenance Department
Operations Division (See Schedule 2)
Physical Plant & Grounds Division ( See Schedule 2)
Transportation Department
14 Regular Ed and 10 Special Ed Buses
Communication Devices(cell phones/Radio) for all buses
Zepco ZTR On-Board Trip recorders (100)
Band Uniform Replacement, Northside High
Computer Lab Upgrade, Technology Department
Vocational Department
Business Application Lab, High School
Industrial Technology Lab, High School
Industrial Technology Lab, Middle School
Family & Consumer Science Programs, Middle School
Alternative Education Presentation Systems, Middle School
Finance Department
Computer Software/Hardware Updates and Replacements
Human Resources
Embossing Machine for Substitute Cards
Planning & Facilities, (See Schedule 3)
Replacement of Piano Lab/L.J. Alleman Arts Academy
Computer Science Lab, Comeaux High
Physical Education Department
Volleyball Net Systems, High School
Lockers, Girls Athletics - Carencro & Comeaux High School
Other Requests - (Schedule 4)
Audit Fees
Total Expenditures
A - Putting on a possible short to medium term financing list
B - Putting on possible long-term bond issue list
Requested
416,000
20,000
100,000
23,550
$
10,240
33,040
33,651
Recommended
416,000
0
50,000
22,560
0
0
0
826,500
259,500
B
1,404,000
138,600
169,993
70,000
36,877
A
129,500
85,648
0
0
0
0
130,000
40,000
25,000
36,000
18,000
70,000
30,000
15,000
20,000
10,000
10,000
5,000
7,000
3,164,000
36,000
66,440
13,050
123,467
1,453,000
5,000
$ 8,668,908
B
7,000
49,000
36,000
66,440
0
123,467
B
5,000
$
1,140,615
LPSB CAPITAL IMPROVEMENT FUND
2002/2003
Schedule 2
Maintenance/All Divisions, Department Projects
Revised 5/28/02
Requested
Recommended
Operations Division
School-Site Projects:
(1) Metal Storage Building, Myrtle Place Elementary
$
20,000
Press Box for Baseball Stadium/NHS
35,000
Stadium Light Rewiring
50,000
$
0
0
0
Electrical Upgrade Assessment Study
100,000
B
Chiller Replacements (4), Westside & Paul Breaux
220,000
E
HVAC Upgrades, Vermillion Elem.
45,000
0
Drainage Project - G. T. Lindon Elementary
30,000
30,000
Fire Alarm Upgrade - Parish Wide
50,000
50,000
Water heater replacement, Carencro High
30,000
30,000
30,000
10,000
9,000
4,500
13,500
5,000
(1) 3/4 ton 4 X 4 truck, Electrical Department
25,000
0
(1) 3/4 ton van, Electrical Department
25,000
0
(1) 1 ton van, Locksmith Department
25,000
0
(1) 3/4 ton truck, Carpentry Dept.
25,000
0
(1) 1 ton van, Painting Department
19,000
0
(1) 3/4 ton truck, HVAC Department
25,000
0
(1) 1 ton pickup, Plumbing Department
25,000
0
(1) 3/4 ton 4 X 4 pickup truck, Auto Mechanic
25,000
Auto Bus Fleet Projects:
(3) School Bus Engines
(2) School Bus Transmissions
(3) Wheel Chair Lifts
Maintenance Department Projects:
Total Operations
0
$
826,500
$
129,500
$
12,832
$
12,832
Physical Plant & Grounds Division
(1) 1/2 ton truck - Coordinator
(30) Upright Vacuum Cleaners
10,000
(10) 20" Floor Scrubbing Machines
16,500
0
(10) 20" Floor Burnishers
18,000
6,500
(20) Push-Type Mowers
12,000
6,000
(5) Zero-Turn Mowers
32,055
12,822
(8) 25 Horsepower Kohler Engines
10,600
10,600
(8) Gravely Mower Deck Assemblies
11,200
9,894
19,333
10,000
(220) Floor Mats Entrance/Exit
(4) Lawn Tractors Excel Hustler Type
5,000
49,980
0
12,000
12,000
(1) Tractor/Front End Loader
25,000
0
(1) PPG/Warehouse Loading Dock
10,000
0
(1) PPG/Warehouse Storage
20,000
(20) Gravely PTO Clutch Assembly
0
Total Physical Plant & Grounds
$
259,500
$
85,648
Grand Total, All Divisions
$
1,086,000
$
215,148
B - Putting on possible long-term bond issue list
E - Putting on possible State Energy Bond issue list
LPSB Capital Improvement Fund
2002/2003
Schedule 3
Planning & Facilities Department Projects
Revised 5/28/02
Requested
Recommended
School-Site Projects:
Prarie Elementary - Rear Entrance Bus Drive & Coulee Crossing
Prarie Elementary - Box Culverts at Coulee to regain playground
Carencro High - Replace (2) Air Handler Units in Clrm Bldg.
Martin Middle - Replace Pipe Insulation on 4-pipe HVAC System
Faulk Elementary - Replace Pipe Insulation on 4-pipe HVAC System
Montgomery Elem - Replace Pipe Insulation on 4-pipe HVAC System
Judice Middle - Replace Pipe Insulation on 4-pipe HVAC System
Alleman Middle - Replace Pipe Insulation on 4-pipe HVAC System
Broussard Middle - Hot Water Heating Piping Renovations
Judice Middle - Replace Fire Alarm & Intercom System
Broussard Middle - Replace Fire Alarm & Intercom System
L. Leo Judice - Replace Fire Alarm & Intercom System
Lafayette High - New Mechanized Bleachers
Fire Sprinkler System Monitoring @ 14 schools
Fire Sprinkler System Inspections @ 14 schools
Fire Sprinkler System Inspections @ 4 Schools
Total - Planning & Facilities
B - Putting on possible long-term bond issue list
E - Putting on possible State Energy Bond issue list
$
600,000
400,000
250,000
225,000
225,000
225,000
65,000
225,000
75,000
175,000
150,000
100,000
400,000
19,000
24,000
6,000
$ 3,164,000
B
B
B
E
E
E
E
E
B
B
B
B
B
19,000
24,000
6,000
$
49,000
LPSB Capital Improvement Fund
2002/2003
Other Requests
Schedule 4
Revised 5/28/02
Requested
Concession stand at baseball/softball field - Comeaux High
New bleachers in girls gym - Comeaux High
Concession stand under football stadium - Comeaux High
New lockers - Comeaux High
Resurfacing of track - Comeaux High
Portable building for science program - Milton Elem.
Telephone system switch
Hallway building 7-2 - upstairs - Carencro High
Parking Lot - Carencro High
Blacktop - building 7 - to stadium - Carencro High
B - Putting on possible long-term bond issue list
$
35,000
75,000
100,000
200,000
400,000
50,000
168,000
200,000
100,000
125,000
$
1,453,000
Recommended
B
B
B
B
B
B
B
B
B
B
Lafayette Parish School System
Act 338 of 2001 - Continued Sabbatical Calculation
Fiscal Year
1997-1998
1998-1999
1999-2000
Total
Avg Sabbatical Pay for Previous 3 Yrs
2000-2001
Amount Due to be Paid Out
Sabbatical Pay
$
636,755.15
477,068.72
273,730.26
$
1,387,554.13
$
462,518.04
$
174,593.18
$
287,924.86
2000-2001 costs for Sabbatical pay were $174,593.18 less than the average cost
of Sabbatical pay for the previous 3 years. A payment is due to eligible teachers.
Lafayette Parish School System
Act 338 of 2001 - Continued Gayle Pay Required Calculations
Fiscal Year
Extended Sick Pay
1997-1998
1998-1999
1999-2000
$
207,121 Gayle Pay (Old Method)
216,958 Gayle Pay (Old Method)
358,740 Greene Pay (New Method)
$
782,819
$
260,940
$
467,729 Greene Pay (New Method)
Total
Avg. Ext. Sick Pay for Previous 3 Years
2000-2001
Excess Cost of Extended Sick Leave
$
(206,790)
2000-2001 costs for Greene Pay (Act 1341) were $206,789.73 more than the average cost of
Extended Sick pay for the previous 3 years. No Payment is due by the system.
Lafayette Parish School System
Schedule Of Projected Net Sales Tax Revenues
FY 2002 - 2003
1965 (1%) Sales Tax
Collection
Month
-AProjected / Actual
Net Revenue
FY 2001 - 2002
-BOriginal Projected
Net Revenue
FY 2002 - 2003
-CRevised Projected
Net Revenue
FY 2002 - 2003
Difference
C - B
Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
$
3,163,782
3,091,646
2,954,655
2,945,335
3,027,008
2,898,087
3,944,554
2,742,164
2,727,259
3,049,756
2,907,013
3,125,641
$
3,231,389
3,157,711
3,017,793
3,008,274
3,091,692
2,960,016
4,028,845
2,800,761
2,785,538
3,114,926
2,969,133
3,192,434
$
3,179,601
3,107,104
2,969,428
2,960,062
3,042,143
2,912,577
3,964,277
2,755,875
2,740,895
3,065,005
2,921,548
3,141,269
$
(51,788)
(50,607)
(48,365)
(48,212)
(49,549)
(47,439)
(64,568)
(44,886)
(44,643)
(49,921)
(47,585)
(51,165)
TOTAL
$
36,576,900
$
37,358,512
$
36,759,785
$
(598,728)
Distribution of Net Revenue:
$
$
$
$
26,209,887
9,556,639
575,000
418,259
General Fund
Bond Sinking
Capital Improvement
Minor Repairs
$
36,759,785
Total
NOTE: The projected net revenues for FY 2002 - 2003 are estimated to be .5% over the
projected/actual net revenues for FY 2001 - 2002. The difference column reflects the difference
between the original projection and the revised projection.
Lafayette Parish School System
Schedule Of Projected Net Sales Tax Revenues
FY 2002 - 2003
1988 (1/2%) SALES TAX
-A-
-B-
-C-
Actual / Projected
Original Projected
Revised Projected
Collection
Net Revenue
Net Revenue
Net Revenue
Difference
Month
FY 2001 - 2002
FY 2002 - 2003
FY 2002 - 2003
C - B
Jul
$
1,429,571
$
1,463,689
$
1,436,719
$
(26,970)
Aug
1,385,279
1,418,380
1,392,205
(26,175)
Sep
1,313,305
1,344,580
1,319,872
(24,708)
Oct
1,317,442
1,348,884
1,324,029
(24,855)
Nov
1,346,611
1,378,749
1,353,344
(25,405)
Dec
1,320,608
1,352,156
1,327,211
(24,945)
Jan
1,743,821
1,785,439
1,752,540
(32,899)
Feb
1,240,109
1,269,706
1,246,310
(23,396)
Mar
1,208,042
1,236,873
1,214,082
(22,791)
Apr
1,344,045
1,376,122
1,350,765
(25,357)
May
1,293,952
1,324,834
1,300,422
(24,412)
Jun
1,400,037
1,433,451
1,407,037
(26,414)
TOTAL
$
16,342,822
$
16,732,863
$
16,424,536
$
(308,327)
NOTE: The projected net revenues for FY 2002 - 2003 are estimated to be .5% over the projected/actual net revenues
for FY 2001 - 2002. The difference column reflects the difference between the original projection and the revised
projection.
Lafayette Parish School System
Schedule Of Projected Net Sales Tax Revenues
FY 2002 - 2003
2002 (1/2%) SALES TAX
-A-
-B-
-C-
Actual/Projected
Original Projected
Revised Projected
Collection
Net Revenue
Net Revenue
Net Revenue
Difference
Month
FY 2001 - 2002
FY 2002 - 2003
FY 2002 - 2003
C - B
Jul
$
-
1,449,052
$
1,422,352
$
(26,700)
Aug
-
1,404,157
1,378,283
(25,874)
Sep
-
1,331,202
1,306,673
(24,529)
Oct
-
1,335,395
1,310,789
(24,606)
Nov
-
1,364,962
1,339,811
(25,151)
Dec
-
1,338,605
1,313,939
(24,666)
Jan
-
1,767,585
1,735,015
(32,570)
Feb
1,181,919
1,257,009
1,233,846
(23,163)
Mar
1,129,509
1,224,505
1,201,941
(22,564)
Apr
1,328,294
1,362,361
1,337,258
(25,103)
May
1,281,012
1,311,585
1,287,418
(24,167)
Jun
1,386,037
1,419,116
$
1,392,967
(26,149)
6,306,771
16,565,534
$
16,260,291
TOTAL
$
$
(305,243)
Note: The projected net revenues for FY 2002 - 2003 are estimated to be 99% of the projected net revenues for the 1988 tax. The
difference column reflects the difference between the original projection and the revised projection.
Lafayette Parish School System
Historical & Projected Property Tax Revenues and Millage Rates
Actual
FY 97-98
Actual
FY 98-99
Actual
FY99-00
Actual
FY 00-01
Budget
FY 01-02*
Total Assessed
$736,912,486
Less: Homestead Exemption
Net Taxable
Projected Budget
FY 02-03**
$783,185,323
$824,767,112
$879,927,716
$1,016,794,854
(216,680,086)
(223,952,456)
(232,533,701)
($240,542,846)
($269,516,398)
($280,297,054)
$520,232,400
$559,232,867
$592,233,411
$639,384,870
$747,278,456
$777,169,594
School (Constitutional)
4.59
4.59
4.59
4.59
4.59
4.59
Special School Tax
7.27
7.27
7.27
7.27
7.27
7.27
Special School Impr. ( M & O)Tax (1992 - 2002)
5.00
5.00
5.00
5.00
5.00
5.00
16.70
16.70
16.70
16.70
16.70
16.70
33.56
33.56
33.56
33.56
33.56
33.56
$17,458,999
$18,767,855
$19,875,353
$21,457,756
$25,078,665
$26,081,812
$1,057,466,648
Millages:
School 1985 Operational (1995 - 2005)
Total millages
Gross Property Taxes Due
Less: Pension at 3.538%
Net Property Taxes Due
Less: Allowance for Delinquencies/Recoveries/
(615,841)
$16,843,159
(16,571)
(638,818)
$18,129,037
(226,764)
(703,190)
$19,172,163
174,531
(759,175)
$20,698,581
(260,294)
(887,283)
$24,191,382
(225,000)
(922,774)
$25,159,037
(350,000)
Interest & Penalties
Actual/Expected Propety Tax Revenue
$16,826,588
$17,902,273
$19,346,694
$20,438,287
$23,966,382
$24,809,037
*Based on 11/01 Grand Recapitulation of the Assessment Roll
**Based on a preliminary estimate of five percent (5%) increase in January 2002 as provided by Mr. Conrad Comeaux, Assessor. Therefore, this is
$366,914 lower than the previous estimate of $25,175,951
Lafayette Parish School System
General Fund Budget Comparison
Summary of Baseline Charges
2001/2002
Current
Budget
Total Computerized Revenues
$
Medicaid Administrative Outreach
$
Total Revenues
$
Total - Cost Centers
Total - All Schools
155,503,521
2002/2003
Requested
Budget
Change
Current
Status
(5-27-02)
Change
$
12,232,389
$
167,735,910
$
-
$
167,735,910
$
300,000
$
300,000
$
-
$
300,000
155,503,521
$
12,532,389
168,035,910
$
-
$
168,035,910
$
42,620,869
$
4,355,399
$
46,976,268
$
(2,651,958) $
44,324,310
$
112,864,697
$
13,614,484
$
126,479,181
$
-
$
126,479,181
$
2,236,839
$
2,236,839
$
-
$
2,236,839
$
175,692,288
$
(2,651,958) $
173,040,330
-
-
Other Items-Not Yet In Computer System
Total Expenditures
$
155,485,566
$
20,206,722
Revenue Over (Under) Expenditures
$
17,955
$
(7,674,333) $
(7,656,378) $
2,651,958
$
(5,004,420)
Draft 29-May-02
Lafayette Parish School System
General Fund
Preliminary Changes in Revenues & Expenditures
(Excluding 2002 Sales Tax)
Fiscal Year 2002-2003
1
2
3
4
5
6
Revenues
Sales Tax - 1.5% Increase -'65 & '88 (excluding increase to other funds)
Property Tax - 5% Increase
Projected MFP Increase
Other Revenues
Medicaid Administrative Outreach
Adjudicated Property - Property Tax Revenue
Total-To-Date:
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Expenditures
Health Care Increase
State Certificated Raises
J. W. James Elem. Admin Staffing
Schools of Choice
SERS-Restoration of Employer Contribution
2:0 FTE Librarians for 4 Schools (Approved on 3/20/02)
Library Books for 4 Schools
Transportation - Salary, Benefits & Fuel - 20 routes
Staff Raises - Non Teachers
Other Transportation Increases (See Schedule)
Staff Compensation - Equity Adjustments
Reorganization
Assistant Principals - 4.0 FTE for 6 Schools
Extra-Curricular Activity Stipends - Increase
Transportation - Driver Operational Allowance (20 cents)
Custodial Staffing
Substitute Teachers - Pay Rate Increase
Debt Service on New Facility Bonds
Other Cost Center Increase Requests
Other School Increases
Total-To-Date:
New Expenditures in Excess of New Revenues:
* = Included in cost center & school requests detail.
** = Updated projection suggests we may collect $907,055 less next year.
*** = Updated projection suggests we may collect $366,914 less next year.
$
(172,073) **
1,209,569 ***
1,835,298
(528,338)
300,000
?
$
2,644,456
$
2,120,335
1,064,300
641,302
325,000
91,466
100,000
116,000
411,000
?
573,929
90,000
250,000
225,000
96,311
331,038
31,777
?
491,449
2,797,861
544,066
$
10,300,834
$
(7,656,378)
*
*
*
*
*
*
*
*
*
*
Lafayette Parish School System
General Fund
Preliminary Total Revenues & Expenditures
Fiscal Year 2002-2003
Projected Revenues:
Projected Expenditures:
Cost Centers
All Schools
20 New Bus Routes
Debt Service on New Bonds
Stipend Increase
Asst. Principals for all Schools
J.W. James - Administrative Staffing - Estimate
Reorganization
Non-Teacher Staff Raises
Staff Compensation - Equity
Substitute Teachers Pay
Custodial Staffing
Total Expenditures:
Expenditures in Excess of Revenues:
$ 168,035,910 *
$
46,976,268
126,479,181
411,000
491,449
96,311
225,000
641,302
250,000
?
90,000
?
31,777
$ 175,692,288
$
(7,656,378)
* = Updated projection suggests we may collect $1,579,212 less next year.
Lafayette Parish School System
Potential Cost-Shifting to the General Fund
Items Not Funded by the 1988 Sales Tax
FY 2002 - 2003
Description
Behavior Clinic
Estimated
Costs
105,725
2002 Tax
Unfunded portion of Outreach Program
434,551
2002 Tax
Student Remediation
125,000
2002 Tax
Teacher In-service
814,426
2002 Tax
Materials of Instruction
100,000
Other Revenues
Total
$
Shifted
To
$ 1,579,702
Lafayette Parish School System
General Fund Budget
2002 Dedicated Sales Tax
Fiscal Year 2002-2003
$
Revenue
16,565,534 *
Expenditures
Teacher Raises (11.3%)
Teacher Raises - Step Increase
$
Classroom Teacher Salaries:
Lower Class Size Salaries
Extra Instruction Salaries - Schools of Choice
Student Remediation (Shift from '88 Tax)
Behavior Clinic (Shift from '88 Tax)
Incentive Compensation for Teaching in High Poverty Schools
Professional Development for Teachers
Classroom Salaries for Targeted Instructional Counseling
Outreach Program
9,934,500
1,006,512
2,183,000
?
125,000
105,725
?
814,426
?
434,551
Reserve-Addition
1,961,819
Total Expenditures:
* = Updated projection suggests we may collect $305,243 less next year.
$
16,565,534
Economic Forecast for Lafayette, Louisiana
Source
Response
LEDA
No Response
Dr. Loren C. Scott
*
Employment Forecast for Lafayette MSA:
2002: 1.0%
*
2003: 2.4%
Dr. Scott’s information provided courtesy of Hibernia Bank.
According to Dr. Scott’s report, the Lafayette extraction sector will suffer early on
in 2002 due to the decline in energy prices between January 2001 and February
2002. The latest Labor Market Information report out of the Louisiana
Department of Labor indicates Lafayette has already lost 300 jobs in the
extraction sector over the past 12 months. The trend is expected to reverse as we
get into summer months and the oil patch responds to the now much higher
energy prices. Energy prices are now about $24 a barrel and the employment
projection assumes it will stay at that level through 2003.
In November 2001, Fruit-of-the-Loom’s Martin Mills plan shuttered its facilities,
laying off 1,300. That loss will pull down Lafayette’s reported manufacturing
employment numbers through November 2002.
LAFAYETTE PARISH SCHOOL SYSTEM
From the desk of…
MATTHEW W. DUGAS, CPA
Director of Finance
Phone: (337) 236-6801 (Ext. 201) Fax: (337) 233-0782
E-mail: [email protected]
Inter-Office Memorandum
To:
Jules Gaudin, Asst. Superintendent of Finance
From:
Matthew Dugas, Director of Finance
Date:
May 29, 2002
Subject:
Budget Workshop Question
Copies:
Kyle Bordelon, Planning & Facilities
Stephanie Richard, Accountant III
In reference to a question from Joycelyn Olivier at the May 02 budget meeting about how the
asbestos reserve will be used, please see the attached memo from Kyle Bordelon. It appears that
an estimated $202,139 of the reserve of $214,385 is expected to be used in the referenced
upcoming projects. This would leave a small balance of $12,246 in the reserve. I recommend
that we leave the funds in the reserve to cover these expenses and allow the small balance to
carryforward to offset future asbestos removal needs funded by the 1988 tax.
LAFAYETTE PARISH SCHOOL SYSTEM
Department of Planning & Facilities
P. O. Drawer 2158 Lafayette, LA 70502-2158 (337) 236-6997
MEMO
TO:
Matt Dugas
FROM:
Kyle V. Bordelon
RE:
Asbestos Funds Request for FY 02-03
DATE:
May 22, 2002
Matt,
Attached is a spreadsheet identifying the funds needed for asbestos related projects for
next fiscal year. The first five (5) roofing abatement projects have already been
awarded and are a related to the QZAB roofing replacement projects. The remaining
items are estimated costs based on the list of anticipated projects to be funded either by
capital funds or by a future bond issue fund.
If you have any questions, please call my office.
Cc:
file
Asbestos Funds needed for FY 02-03:
22-May-02
Roofing abatement
Roofing abatement
Roofing abatement
Roofing abatement
Roofing abatement
Lafayette Middle
Lindon Elementary
Plantation Elementary
Northside High
Montgomery Elementary
$10,599
$3,857
$11,550
$6,988
$39,145
Roofing abatement
Pipe insulation abatement
Pipe insulation abatement
Pipe insulation abatement
Pipe insulation abatement
Pipe insulation abatement
Comeaux High - esitmated
Martin Middle - estimated
Faulk Elem. - estimated
Montgomery Elem. - estimated
Judice Middle - estimated
Carencro High - estimated
$50,000
$5,000
$5,000
$5,000
$5,000
$10,000
Contingincy for unidentified projects
$50,000
Estimated total
$202,139