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JULY 2008-09 ADOPTED BUDGET VS PROJECTED EXPENDITURES 2008-09 ADOPTED $98,012,230 2007-08 ACTUAL EXPEND $95,900,840 PROJECTED SURPLUS $ 2,111,390.

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Presentation on theme: "JULY 2008-09 ADOPTED BUDGET VS PROJECTED EXPENDITURES 2008-09 ADOPTED $98,012,230 2007-08 ACTUAL EXPEND $95,900,840 PROJECTED SURPLUS $ 2,111,390."— Presentation transcript:

1 JULY ADOPTED BUDGET VS PROJECTED EXPENDITURES ADOPTED $98,012, ACTUAL EXPEND $95,900,840 PROJECTED SURPLUS $ 2,111,390

2 REVISED BUDGET VS ACTUAL & ENCUMBERED EXPENDITURES REVISED BUDGET$96,754,362 ACTUAL/ENCUMBERED EXPENDITURES$96,959,968 3/28/09 DEFICIT -$ 205,606

3 REVISED BUDGET VS ACTUAL & ENCUMBERED EXPENDITURES REVISED BUDGET $96,754,362 ACTUAL/ENCUMBERED EXPENDITURES $97,122,681 4/10/09 DEFICIT -$ 368,319

4 REVISED BUDGET VS ACTUAL & ENCUMBERED EXPENDITURES REVISED BUDGET$96,754,362 ACTUAL/ENCUMBERED EXPENDITURES$97,408,912 5/8/09 DEFICIT -$ 654,550

5 REVISED BUDGET VS ACTUAL & ENCUMBERED EXPENDITURES REVISED BUDGET$96,754,362 ACTUAL/ENCUMBERED EXPENDITURES$97,528,571 5/22/09 DEFICIT -$ 774,209

6 REVISED BUDGET VS ACTUAL PROJECTED EXPENDITURES REVISED BUDGET $96,754,362 ACTUAL PROJ. EXPEND. $94,493,925* 9/3/09 Surplus $ 2,260,437 Less: Career Ladders BBCF Excess Utilities Actual District Surplus $ 1,189,848 *Actual Expenditures = $95,900,840 Actual Expenditures could be reduced by an additional $190,996 if IDEA Stimulus approved FY09

7 What Happened? How did a projected May 2009 Deficit of $774,209 turn to a Surplus of $2,260,437? a. May 2009 Actual and Encumbered Expenses were $97,528,571 b. Drastic cost cutting measures were implemented as early as January c. Salaries and expenses encumbered for the entire year were part of the $97,528,571, but not unencumbered when positions were closed. Thereby, over-stating the liability. d. Actual expenses were $94,493,925 – not $97,528,571

8 Adopted BUDGET VS ACTUAL PROJECTED EXPENDITURES ADOPTED BUDGET FY10 $93,801,246 ACTUAL PROJECTED EXPENDITURES $94,493,925 9/3/09 Potential Deficit -$ 692,679 OR -$ 501,683 ( IDEA STIMULUS) NOTE: These deficits were projected based on adopted budget which did not include any District BBCF

9 REVISED FY10 BUDGET WITH 2% & CORRECTED BBCF REVISED ADOPTED BUDGET $94,919,367 PROJECTED ACTUAL EXPENDITURES $94,493,925 11/1/09 Potential Surplus $ 425,442 OR $ 616,438 (IDEA STIMULUS)

10 PROJECTED Phase I Savings - $2,291,009 CTE program design$ 700,000 Transp. Summer Addenda$ 41,000 ESI Program$ 293,768 Homebound Program$ 96,632 Repurpose IAs $1,159,609 Phase I Projected Savings $2,291,009

11 ACTUAL PHASE I SAVINGS Transp. Summer Addenda $ 41,000 ESI Program $ 293,768 Repurpose IAs $ 1,148,133 Actual Phase I savings $ 1,482,901

12 PROJECTED PHASE II SAVINGS Over 2 years Central Office $ 500,000 Non-Classroom M&O Positions $ 500,000 Absorb Classified Position through Attrition $ 500,000 Increase Class Size $ 2.5 Million Furloughs$ 1.1 Million Projected Phase II Savings $ 5.1 Million

13 ACTUAL PHASE II SAVINGS Central Office $ 354,424 Non-Classroom M&O Positions $ 0 Absorb Classified Position through Attrition (5 custodial) $ 110,250 Increase Class Size $ 1,500,000 Prevention Specialist to IDEA Stimulus (8) $ 473,240 Additional expenses- sick leave vacation buybackprojection -$ 730,000 Actual Phase II savings $ 1,707,914

14 ACTUAL PHASE I & II SAVINGS Phase I$ 1,482,901 Phase II$ 1,707,914 TOTAL $ 3,190,815

15 Expenditures $94,493,925 Less: Phase I & II Savings -$ 3,190,815 Projected Expenses $91,303,110 Nov Revised Budget $94,919,367 Projected Surplus $ 3,616,257

16 What if Legislature imposes a 2% cut in January 2010? Nov 2009 Revised Budget $ 94,919,367 less 2% cut to BSL $ 1,646,426 Revised Budget $ 93,272,941 Proj Expenses $ 91,303,110 Possible Surplus $ 1,969,831

17 We can then spend the surplus ? Yes, but remember, we still need to address: 1. Organizational Efficiency 2. Down Sizing 3. Stimulus Sustainability 4. Future years’ budget cuts Expenditures $95,900, Expenditures $94,493, Expenditures proj. $91,303, BUDGET ??????


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