Presentation on theme: "Public Schools of Petoskey Spring 2009 Budget Update."— Presentation transcript:
Public Schools of Petoskey Spring 2009 Budget Update
Current Projections with No Changes 08-0909-1010-11 Revenue$26,088,336$25,717,373$25,672,442 Expenses$25,857,093$26,195,874$26,849,769 Profit / Loss$231,243($478,501)($1,177,327) Expected Fund Balance $2,348,801$1,870,300$692,973
Fund Balance Target – 4.3 Weeks of Expenses 08-0909-1010-11 Projected Fund Balance $2,348,801$1,870,300$692,973 Target Fund Balance $2,100,000 Cuts/Revenue Needed $-0-$229,700$1,407,027 Cuts if 09-10 is Balanced $1,177,327
Submitted Cost Savings Ideas – Page 1 Cost Savings IdeaSavings Teacher Buyout – 4 opt in,4 not replaced $323,001 2 Teachers retire, not replaced $178,075 4 Teachers laid off * $238,322 Reduce one counselor * $91,428 Elementary enrichment eliminated * $123,808 Middle school enrichment eliminated * $100,893 Savings per elementary section $68,000 Note: Amounts shown are the total cost. That includes salaries and fringe benefits combined. * - includes unemployment costs
Cost Savings Ideas – Page 2 Cost Savings IdeaSavings Savings per special ed aide (179 days) * $25,588 Non-union support staff position * $44,591 Change aide health care to Priority Health $106,991 Eliminate aide health insurance $404,365 Offer aides single subscriber health only $171,655 Move all aides to PMP $184,961 Do not replace one secretary position $51,808 Subcontract one secretary position $18,190 Note: Amounts shown are the total cost. That includes salaries and fringe benefits combined. * - includes unemployment costs
Cost Savings Ideas – Page 3 Cost Savings IdeaSavings Subcontract secretarial staff * $125,000 Subcontract custodial staff * $291,048 Eliminate noon hour monitors * $56,176 Combine SPED and Curriculum Directors * $112,367 Combine CFO and payroll positions $-0- Subcontract payroll * $10,000 est Eliminate Willsub operator support * $20,402 Note: Amounts shown are the total cost. That includes salaries and fringe benefits combined. * - includes unemployment costs
Cost Savings Ideas – Page 4 Cost Savings IdeaSavings Subcontract PMS asst. principal position $29,666 Contracted administrator $10,000 pay cut $50,000 Eliminate 1 subcontracted elementary principal $93,220 Change Admin health care to Priority Health $37,036 Admin cert. renewals, license fees, memberships $17,535 Implement pay to play variation for non-athletic extracurricular travel $25,000 Note: Amounts shown are the total cost. That includes salaries and fringe benefits combined.
Cost Savings Ideas – Page 5 Cost Savings IdeaSavings Implement pay to play variation for athletic travel $80,000 Reduce athletic support from General Fund 10% $45,000 Eliminate non-band / non-athletic field trips $11,000 Reduce supplies 10% (due to utilities and grants, this impacts teaching supplies more than 10%) $180,554 Eliminate capital outlay – suburban replacement $35,000 Textbook budget eliminated $150,000 Reduce building heating temperatures 1 degree $8,505 Note: Amounts shown are the total cost. That includes salaries and fringe benefits combined.
Cost Savings Ideas – Page 6 Cost Savings IdeaSavings Close Lincoln Elementary – Staffing (4 FTE) * $210,024 Close Lincoln Elementary – Utility & fixed costs $38,216 Close Sheridan Elementary – Staffing (4 FTE) * $210,024 Close Sheridan Elementary – Utility & fixed costs $65,142 Close Spitler Building – Staffing (0.2 FTE) * $13,847 Close Spitler Building – Utility & fixed costs $14,103 Note: Amounts shown are the total cost. That includes salaries and fringe benefits combined. * - includes unemployment costs
What About…. State Aid? Student count? MESSA Rates? Kindergarten? Revenue Sharing Projected $-0- increase next two years. Concerned about a cut in At Risk in 09-10. Budgeted decline of 12 kids. Cumulative loss since 04-05 of 108 students. Rates are the same for 09-10 as they are for 08-09. No increase! Changes to funding have been pushed back two years. $803,000 per year, starting 08-09, is included in projection.
What About….Federal Stimulus Picture still unclear. Will take us into the fall to clear up. District required to spend on new programs that are sustainable. Cannot supplant existing costs, but MDE is exploring ways to fund existing programs that would otherwise be cut. State budget is so bad that it has used all 2 years of funding just to balance next year’s School Aid fund. Expect cuts to categorical funding, such as At Risk, to make up the shortfall in 09-10 and 10-11.
Timeline May 21: June 1-5: June 12: June 18: June 22: Board Meeting – Elementary re- alignment discussed. Revised Projection to Board Budget reduction plan recommended ESP Window closes Board approves budget reduction plan Board final approval for ESP plan