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January 17, 2012. General Fund Revenue Assumptions Enrollment of 2,927 (up 58 adm’s from 2010-11) $50/adm increase in gen ed formula allowance Increase.

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Presentation on theme: "January 17, 2012. General Fund Revenue Assumptions Enrollment of 2,927 (up 58 adm’s from 2010-11) $50/adm increase in gen ed formula allowance Increase."— Presentation transcript:

1 January 17, 2012

2 General Fund Revenue Assumptions Enrollment of 2,927 (up 58 adm’s from ) $50/adm increase in gen ed formula allowance Increase in the special education statewide proration factor of 1.2% for regular and 3.6% for excess cost State aid shift 60% current year 40% next year Tax shift of 49% Levy decrease of 8.07%

3 Enrollment Trends

4 General Fund Expenditure Assumptions Cash flow borrowing needs of $8M Increase in licensed staff of 7 fte’s Increase in hourly staff of 2 hours per day Increase in transportation cost: 2% regular education 2.5% special education Severance of $91K paid out of internal service fund Health insurance premium decrease of 10%

5 General Fund Budget FY11-12 Unassigned Revenues$29,393,109 FY11-12 Unassigned Expenditures$29,898,612 Surplus ($ 505,503) Fund Bal June 2011$ 1,858,253 Projected Fund Bal June 2012$ 1,352,750

6 Fund Balance Unreserved Fund Balance Policy is 5 – 8% of unreserved expenditures Projected to be at 4.52% by the end of June 2012 Will help absorb: Potential enrollment declines Uncertain federal and state funding levels Cash flow needs and interest and issuance costs

7 Food Service FY11-12 Revenues$ 1,554,249 FY11-12 Expenditures$ 1,516,748 Surplus $ 37,501 Fund Bal June 2011$ 90,997 Projected Fund Bal June 2012$ 128,498

8 Community Service FY11-12 Revenues$ 2,168,420 FY11-12 Expenditures$ 2,120,434 Surplus $ 47,986 Fund Bal June 2011$ (128,491) Projected Fund Bal June 2012$ (80,505)

9 Other Funds CapitalInternal Debt Projects ServiceService FY11-12 Revenues$ 820,454$ 570,000$3,104,269 FY11-12 Expenditures$ 854,227 $ 903,260$3,047,722 Surplus ( $ 33,773) ($ 333,260) $ 56,547 Fund Bal 6/30/11$ 884,798 $ 5,202,884$ 471,804 Proj Fund Bal 6/30/12$ 851,025 $ 4,869,624$ 528,351

10 Questions and Comments


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