1. Appoquinimink School District FY2009 Budget - Preliminary

2. ASD FY2009 Preliminary Budget Process and timeline Principles Major changes from FY2008 The budget

3. Process and Timeline Start with FY2008 final April – budget meetings May – forecast revenues, final expenditures June – present preliminary budget to Board

4. Process and Timeline July – FY begins (1 Jul – 30 Jun) October – unit count finalized December – prepare final budget January – present final to Board April – cycle starts again Year-round – monitor, monthly reports

5. Keeping the budget balanced is a continuous process Local Tax Forecasts/ Actuals State and Federal Forecasts/ Actuals Operational Needs School and Program Needs Process and Timeline Revenues Expenditures

6. Budgeting principles Balanced budget – total revenues equal total expenditures Build the reserve Preliminary budget must conservatively forecast revenues, especially in a lean year like FY2009

7. Major changes from FY2008 Major capital State budget cuts Carryover not budgeted as a revenue category Choice and charter accounted for as an offset to revenue State-approved budget format

8. Major changes – Major Cap Went from $22.3M in FY08 to $16.9M in FY09 … then back up to $25.9M Good news – bond bill

9. FY09 Bond Bill Appropriations ProjectStateLocalTotal Bunker Hill ES15,050,800015,080,800 Renov/Add MHS438,100162,000600,100 Renov RMS555,600205,400761,000 Renov MMS40,20014,90055,100 BME Serving Line56,70021,00077,700 Renov SLE260,60096,400357,000 Renov CLE4,785,7001,770,1006,555,800 Renov/Add MHS1,752,400648,2002,400,600 TOTALS22,940,1002,918,00025,858,100

10. Major changes – Budget Cuts Four funds – Extra Time, Extra Time Reading, Teacher to Teacher Instructional Cadre, and Discipline Part 2 – have been eliminated In their place, one fund – Student Success Block Grant – has been created and made part of the Consolidated Grant In total, reduced $501,786 (aggregate) for Appoquinimink This will impact instruction. We are minimizing the impact through setting priorities as part of the Consolidated Grant application Tuition reimbursement (State funds) for teachers eliminated

11. Major changes from FY2008 Carryover not budgeted as a revenue category Choice and charter accounted for as an offset to revenue State-approved budget format –Revenue (summary view) –Pulling out categories of expenditures

12. REVENUE BUDGET State Funds (Div I/II/III/Other)58,461,528 Local Funds Current Operations Tuition Minor Cap Debt Service Other Local 14,570,000 4,600,000 721,931 5,924,000 1,612,500 Federal Funds2,156,020 Construction (State + Local)16,901,700 Debt Service State Share2,226,634 Minor Cap State Share449,934 TOTAL107,624,247 FY2009 Preliminary Budget

13. 72% 26% 2% STATE 77.5M FEDERAL 2.2M LOCAL 27.9M Major Revenue Sources FY2009 TOTAL 107.6M

14. EXPENDITURE BUDGET Operating Budget35,169,677 Division I40,124,351 Tuition In-State Tuition/Priv Plmt ILC, DFP, PreK 1,500,000 2,450,000 Federal Funds2,156,020 Major Capital Improvements Debt Service Construction 8,150,634 16,901,700 Minor Capital Extra Time Local Minor Capital Imprvments Technology Local 180,883 749,890 241,092 TOTAL107,624,247 FY2009 Preliminary Budget

15. Looking forward to another great year!