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2012-13 Budget Planning First Public Hearing June 8, 2012.

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Presentation on theme: "2012-13 Budget Planning First Public Hearing June 8, 2012."— Presentation transcript:

1 Budget Planning First Public Hearing June 8, 2012

2 June 12, 2012 First Public Hearing Presentation Topics  Brief Overview of Legislative and Congressional Impacts  Brief Review of Superintendent’s Recommendation  First Presentation of Other Fund Budgets Transportation Vehicle Fund Associated Student Body (ASB) Budget Debt Service Fund Capital Projects Fund

3 Budget Recommendation  Current Impacts of Past Legislative Session  Current Impacts of Current Legislative Session  Future Impacts of Current Legislative Session Congressional Impacts Probable  Sequestration – Up to $1M in mid-year Reductions State Legislative Session Impacts June 12, 2012

4 Budget Recommendation  School Calendar Change Impacts Students & Families  Instructional Time Maintained  Staff Will Work Fewer Days  Staff Will Receive Less Pay in Impacts From Past Legislative Sessions Furlough Days June 12, 2012

5 Budget Recommendation  For First Time in Two Years, No Certificated Lay-Offs  Voluntary and Involuntary Transfers Due to Staff Returning from Leave, Program and Enrollment Changes  Classified Lay-Offs Minimized, and Due to Changes in ELL, Title, LAP, Special Education or Capital Funding  Program Changes will be Supported Within Current Resources  Inflationary Costs Covered by Current Department Budgets Superintendent’s Recommendation June 12, 2012

6 Budget Recommendation  Executive Limitation: Budget Planning EL-7  Budgeted to Spend $3.5 M more than Revenue, $2.0 M was State Revenue Loss for Salary Allocations  Budget Anticipated to Spend $1.5 to $2.0 M more than Revenue  Given Conservative Budgeting, Expect that “Committed to Minimum FB Policy” Will Continue to be in Compliance Superintendent’s Recommendation – Fund Balance June 12, 2012

7 Transportation Vehicle Fund Revenue Source: State Depreciation Used to Purchase Replacement Buses Current Bus Fleet: 147 Buses Average Age: 10 Years Oldest Year: Fully Depreciated

8 June 12, 2012 Transportation Vehicle Fund Preliminary Budget Budgeted Beginning Fund Balance$590,000 Budgeted Revenues:$640,000 State Depreciation$640,000 Interest Earnings$ 0 Budgeted Expenditures:$590,000* 4 Transit Buses$480,000 Spending Capacity$110,000 Budgeted Ending Fund Balance$640,000

9 June 12, 2012 Associated Student Body Fund Supports extracurricular, recreational, cultural and social activities Governed by Constitution and Students (Grades 6 –12) Minor Changes for Illahee (minimum meetings), Sequoyah (campaign activites), and TJ (creates sixth Officer and renames one Officer position) Revenue Generated by Fees and Fund Raisers Budget Adoption Authorizes: Fund Raisers (compilation for elementary & secondary) Expenditure Capacity

10 June 12, 2012 Associated Student Body Fund Preliminary Budget Budgeted Beginning Fund Balance$ 584,500 Budgeted Revenues:$4,116,800 Budgeted Expenditures:$4,161,000* Budgeted Ending Fund Balance$540,300

11 June 12, 2012 Debt Service Fund Collect Tax Revenue and Redeem Bonds for Previously & Newly Authorized Bonds Fiscal Year Budget and Calendar Year Levy Assumes No Additional Voter-Authorized Bond Sales $ M Remaining Balance Additional Refunding of Outstanding Bonds Possible

12 June 12, 2012 Debt Service Fund Preliminary Budget Budgeted Beginning Fund Balance$9,355,000 Budgeted Revenues:$17,900,000 Budgeted Expenditures:$20,126,000* Budgeted Ending Fund Balance$7,129,000 A $1 M tax levy roll-back is possible in November

13 June 12, 2012 Capital Projects Fund Sixth Year of Spending for $149 M Bonds and activity is coming to a close State Match Work is wrapping up 2013 is Third Year of Six-Year Technology Levy, and includes voter-approved change from $1.8 M to $4.4 M Land Fund Shortfall Projected Until ESC/MOT Sell Impact Fee Shortfall Projected Until

14 June 12, 2012 Capital Projects Fund Preliminary Budget BUDGETED: Beg FB Revenue Exp End FB Construction*$11.8 M$ 5.0 M$16.8 M$ 0.0 M Phase 2 & 3$12.2 M$ 0.4 M$ 2.6 M$ 10.0 M Tech Levy/e-rate$ 0.0 M$ 3.7 M$ 3.7 M$ 0.0 M Impact Fees($ 0.1 M)$ 0.4 M$ 0.3 M$ 0.0 M Land Fund($12.4 M)$ 0.0 M$ 0.0 M($12.4 M) Investment/Other$ 2.2 M$ 0.4 M$ 0.2 M$ 2.4 M FUND TOTALS:$13.7 M$ 9.9 M$23.6 M*$ 0.0 M *provides capacity for FWHS when voter-approved

15 June 12, 2012 First Public Hearing Expected Board Actions on June 26, 2012  Motion to Adopt ASB Constitutional Changes Accepts Slate of ASB Fund Raisers  Adopt a Resolution Establishes Appropriations for ALL Funds  Sets Preliminary Tax Levies for Calendar Year 2013

16 June 12, 2012 First Public Hearing Public Hearing & Board AdoptionJune 26 Questions & Comments Federal Way Public Schools


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