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Building a Sustainable Future for Our Children April 29, 2010 School Board’s Adopted Budget FY 2011.

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Presentation on theme: "Building a Sustainable Future for Our Children April 29, 2010 School Board’s Adopted Budget FY 2011."— Presentation transcript:

1 Building a Sustainable Future for Our Children April 29, 2010 School Board’s Adopted Budget FY 2011

2 2 Revenue Changes Revenue FY 2011 Superintendent’s Proposed Budget $442,106,991 Changes: State Revenue – All Funds $(2,226,463) Local Revenue $(106,250) FY 2011 School Board Proposed Budget $439,774,278

3 3 Expenditure Changes Expenditures FY 2011 Superintendent’s Proposed Budget $442,106,991 Reductions: VRS Retirement $(14,186,580) Group Life $(1,706,803) Retiree Health Care Credit $(888,121) Triennial Census $(125,000) Instruction – reorganization costs reduced $(126,156) Total Reductions $(17,032,660)

4 4 Expenditure Changes Expenditures Additions: Spring Staffing$1,486,000 Instruction – Bilingual Resource Assistant$33,870 Instruction – STEM Specialist$38,136 Instruction – 1 st Lang. Support Teacher$45,776 Instruction – ESOL Science Specialist$38,136 Instruction – Chinese$150,274 Clinical Psychologist$76,271

5 5 Expenditure Changes Expenditures Additions: Career Advancement Program (CAP)$75,000 Transportation – sports/activities $231,028 Evaluation costs$75,000 School-based substitutes$370,000 Information Services – E scale positions$188,774 Facilities & Operations – M scale positions$117,704

6 6 Expenditure Changes Expenditures Additions (continued): Additional OPEB funding $1,733,078 Cafeteria Fund $885 Grants & Restricted Programs Fund$830,000 Reserve for OPEB and VRS$9,210,015 Total Additions$14,699,947 FY 2011 School Board Proposed Budget $439,774,278

7 7 Revenue Changes Revenue FY 2011 School Board Proposed Budget $439,774,278 Changes: County Transfer$1,622,274 State Revenue – Grant Fund $(178,114) Federal Revenue – Grant Fund$815,342 Local Revenue – Grant Fund$(4,397) FY 2011 School Board Adopted Budget $442,029,383

8 8 Expenditure Changes Expenditures FY 2011 School Board Proposed Budget$439,774,278 Additions: Live Where You Work$80,800 Planetarium – partial restoration$114,250 Grants & Restricted Programs Fund$632,831 Enrollment Adjustment Reserve$100,000 Reserve for OPEB and VRS – additional funds$1,327,224 Total Additions$14,699,947 FY 2011 School Board Adopted Budget$442,029,383

9 9 Budget by Fund School Operating Fund$358,289,643 Community Activities Fund$13,753,819 Cafeteria Fund$6,641,223 Capital Projects Fund$4,641,371 Comprehensive Services Act Fund$3,650,000 Grants & Restricted Programs Fund$18,914,227 Debt Service Fund$36,139,100 FY 2011 SB Adopted Budget$442,029,383 Less Reserve for OPEB and VRS$(10,537,239) FY 2011 Planned Expenditures$431,492,144

10 Cost per Pupil Based on FY 2011 Planned Expenditures WABE METHOD FY 2007 Adopted FY 2008 Adopted FY 2009 Adopted FY 2010 Adopted FY 2011 Adopted $17,958$18,563$19,538$18,569$17,322

11 ADOPTION OF THE FISCAL YEAR 2011 SCHOOL BOARD BUDGET APRIL 29, 2010 THE ARLINGTON SCHOOL BOARD HEREBY ADOPTS ITS FISCAL YEAR 2011 SCHOOL BOARD BUDGET CONSISTING OF A TOTAL OF $442,029,383 REQUIRING A COUNTY TRANSFER OF $358,504,225, A BEGINNING BALANCE OR CARRY-FORWARD OF $5,342,061, A CARRY-FORWARD OF $2,000,000 FOR THE RESERVE FUND, AND A CARRY-FORWARD OF $695,565 FOR THE OTHER POST EMPLOYMENT BENEFITS (OPEB) RESERVE BROKEN INTO THE FOLLOWING:

12 ADOPTION OF THE FISCAL YEAR 2011 SCHOOL BOARD BUDGET APRIL 29, The School Operating Fund at a total of $358,289,643 (which includes a $10,537,239 Reserve for OPEB and VRS), requiring a County transfer of $307,994,983 and a beginning balance or carry forward of $5,342, The Community Activities Fund at a total of $13,753,819, requiring a County transfer of $6,838, The Debt Service Fund at a total of $36,139,100, requiring a County transfer of $36,139,100.

13 ADOPTION OF THE FISCAL YEAR 2011 SCHOOL BOARD BUDGET APRIL 29, The Cafeteria Fund at a total of $6,641,223, requiring a County transfer of $582, The Capital Projects Fund at a total of $4,641,371, requiring a County transfer of $4,641, The Comprehensive Services Fund at a total of $3,650,000, requiring a County transfer of $2,307,500.

14 ADOPTION OF THE FISCAL YEAR 2011 SCHOOL BOARD BUDGET APRIL 29, The Grants and Restricted Programs Fund at a total of $18,914,227, requiring a County transfer of $0. 8.The Reserve Fund at a total of $2,000,000, requiring a County transfer of $0 and a carry- forward of $2,000, The Other Post Employment Benefits (OPEB) Reserve Fund at a total of $695,565, requiring a County transfer of $0 and a carry-forward of $695,565.

15 Building a Sustainable Future for Our Children April 29, 2010 School Board’s Adopted Budget FY 2011


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