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Community Budget Presentation 2013-2014 April 2013.

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Presentation on theme: "Community Budget Presentation 2013-2014 April 2013."— Presentation transcript:

1 Community Budget Presentation April 2013

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3 Challenges Facing Centennial Exhaustion of one-time funds in Portland “Bridge” Funding: $425k ESD Carry-over funds: $750k Spending down cash reserves: $3 million Transfers from Early Retirement and Risk Funds: $350k Increased Employee Costs PERS ~$2.1 million Steps$400,000 Declining Enrollment $800,000

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5 Budget Assumptions Carrying forward $3.0 million $380k unspent contingency $1.5m unspent in budget (2.7%) $1.1m in unanticipated revenue $500k in contingency for Cash Flow Assumptions Employees receive salary “steps” No Cost-of-living increase No increase in medical contribution Contract assumptions Funds an additional 3.5 FTE in Elementary Music (Total 7) Portland “Arts Tax”

6 State Funding Biennium $5.7 Billion Governor’s Proposed Budget $6.15 Billion to K-12 Co-Chairs Budget $6.55 Billion to K-12

7 PERS “Reform” Governor Kitzhaber Savings of $250 million for K- 12 “Spends like $6.4 Billion” ($6.15B + 250million PERS) Oregon School Board Association Savings of $550 million for K- 12 “Spends like $7.1 Billion” ($6.55B + 550million PERS) Co-Chairs Savings of $200 million for K-12 “Spends like $6.75 Billion” ($6.55B + 200m PERS)

8 State Funding + PERS Reduction Co-Chairs Budget $6.55 Billion to K-12 Assumed PERS Cost Reduction ~$1m for Centennial

9 Initial Budget Proposal (PERS) If No PERS Reform Five furlough $200,000 a day

10 Initial Budget Proposal $1.9 million shortfall $1.2 million dollar deficit $1.5 million dollar deficit $300,000 non-personnel cost reductions $1.9 million dollar shortfall Two furlough days$200k/day

11 Initial Budget Proposal Balanced Budget $250,000 Classified/Non-Union Costs ~6 positions $800,000 Licensed Costs ~10 positions $140,000 Administrative Costs ~1 administrative position $1.2 Million Reduction (Enrollment Decline) Current Ratio in Centennial 1 administrator : 16 licensed : 13 classified Current Ratio in Centennial 1 administrator : 16 licensed : 13 classified Percent of Employee Costs by Group Admin: 6.7% Licensed: 65.4% Classified:24.8% Non-Union:3.1% Percent of Employee Costs by Group Admin: 6.7% Licensed: 65.4% Classified:24.8% Non-Union:3.1% InformationInformation InformationInformation FTE by Group Admin: 20.3 Licensed: 328 Classified:250 Supervisor/Non-Union:18 FTE by Group Admin: 20.3 Licensed: 328 Classified:250 Supervisor/Non-Union:18

12 Summary – Initial Budget Proposal $6.55 Billion +Co-Chairs PERS Savings 2 Furlough Days $300,000 in non-personnel reductions 1 Administrator $250k in Classified Personnel 10 Licensed Staff No PERS Savings 5 Additional furlough days (Total of 7)

13 Proposed Budget Reductions Position reductions are assigned in budget proposal to achieve a balanced budget but are subject to change. Final position reductions will be identified based on budget proposal feedback and updated projections prior to final adoption of budget.

14 Next Steps Budget Presentations and community input Allocate staff according to updated enrollment (May) Board adopts budget in June Date April 3Initial Budget Committee Presentation April 11Community Budget Presentation April 4 – May 6 Administrator Present Budget Message to Staff and Community May 7Community Budget Forum May 15Budget Committee Meeting


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