FY16 – PRELIMINARY BUDGET PRESENTATION MAY 2015 MURRAY SCHOOL DISTRICT

Overview – FY15 Budget Assumptions Assessed Value of $2.79 billion or increase of $70 million (2.50%) Budget prepared assuming a property tax rate increase of $605,000 No budgeted increase in students Budgeted increase of 7.5 FTE at a cost of $495,000 WPU increase from $2,972 to $3,092 or 4% No increase in health insurance costs to District All on-going costs funded with on-going money No use of one-time money

Budget Items Increased State Funding of WPU - $871,000 Increased Costs for Charter School Local Replacement - $114,860 Transportation Program Savings - $47,000 New Flexible Pool of PD Funds - $45,000 New Funds for Math Consultant Fees - $10,000 New Stipends for Teachers with Split Classes - $20,000 FTE Increases Include:  1 FTE for Administrative Support  3 FTE for Instructional Coaches  1.5 FTE for Math Labs  2 FTE for Counselors Significant Health Insurance Plan Modifications  Original Renewal at 15%, Modified Renewal of 9%  Total increase insurance costs paid by employees

Budget Items – Cont. Recent Property Tax Increases

Tax Rate Comparison

General Fund Budget Summary Expenditures by Object

Student Activities Fund Budget Summary Expenditures by Object

Non K-12 Budget Summary Fund Expenditures by Object

Redevelopment Agency – Special Revenue Fund Expenditures by Object

Debt Service Fund Budget Summary Expenditures by Object

Capital Projects Fund Budget Summary Expenditures by Object

School Lunch Fund Budget Summary Expenditures by Object

Lifetime Insurance Fund Budget Summary Expenditures by Object

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