Superintendents Recommended Budget: FY Rockingham County Public Schools March 21, 2012

RCPS Budget Timeline To Date Oct, 2011Budget process begun Jan 10, 2012Public hearing at CRES Jan 23, 2012Board reviewed all expenditure requests Feb 13, 2012Board reviewed Governors budget Feb 27, 2012Governor, Senate & House budgets Mar 12, 2012Budget Priorities Discussed Mar 21, 2012Superintendents Recommended Budget Mar 26, 2012 Public Hearing at DLC Mar 28, 2012Anticipated Board action on budget

Expenditure Highlights Rate Increases Set by State$3,624,000 o VRS (unfunded retirement) o Group Life o Retiree Health Care Credit Employee Portion of Group Life$447,537 o Being picked up by RCPS

Expenditure Highlights (continued) VRS 5 for 5 Shift (Plan 1 Employees) $578,930 o From VRS line to salary line o Increased expense to RCPS VRS Hold Harmless (Plan 1 Employees) $485,260 o Increased employee FICA on 5% adjustment in salary

Expenditure Highlights (continued) Health Insurance$900,000 o October 1 annual renewal o Anticipated 5% Anthem Renewal increase o We will commit our efforts to keep any increases to a minimum; employer and employee expected to experience an increased cost next year

Expenditure Highlights (continued) Instructional Needs$241,000 o SPED Tuition for Regional Program Textbooks (Fund 203) o (Consumables K-12, 3rd Grade Math)$600,000

Expenditure Highlights (continued) New Personnel o School Resource Officer$46,000 o Elem/Middle/High FTEs due$354,000 to changes in course offerings and enrollment shifts Total $400,000

Expenditure Highlights (continued) 1.5% Average Raise o School Board may elect to fix certain job categories in need of additional compensation Total Cost$1,215,000

Expenditure Reductions Supplemental Retirement Program$200,000 Transportation$50,000 Maintenance$50,000 Food Service$96,000 o Transfer of Funding Source for Food Service Expense Technology (2 positions - attrition)$100,000 Additional Reductions TBD$140,000 TOTAL$636,000

Revenue Highlights – State Based on House Version No General Assembly Approved Budget Overall State Funding Down$153,459 Contributing Factors: o Decreased ADM (11,350 -> 11,203) o Increased Composite Index ( > 36.75)

Revenue Highlights - Federal Title II Part A Decrease$168,000 Title II Part D Eliminated$12,500 Federal Jobs Bill Revenue$2,526,000

Revenue Highlights - Local FY 2013 Allocation Request$52,551,609 o Operating Fund Increase for operating fund$7,328,679 Textbook Fund – 203 Request$600,000 Overall Request$7,928,679

The Good News in this Proposed Budget Provides the 5% adjustment upfront allowing employees to pay the required 5% VRS (Plan 1 employees) Increases the employee's contracted salary 5%, a future investment (Plan 1 employees) Ensures the employee is "held harmless" with no costs assumed by the employee for the adjustment Provides a 1.5% "average" salary increase for most contracted employees Keeps support for instruction and the classroom a priority

RCPS Budget Process Timeline Continues March 26, 2012Second Public Hearing Dayton Learning Center, 7:00 PM March 28, 2012Anticipated School Board Action on FY Budget School Board Office, 5:00 PM Information available: Superintendents Office Dr. Carol Fenn

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