1. Board Planning Retreat February 10, 2015
Preliminary Budgets
Board Planning Retreat
February 10, 2015

2. 2015-16 Student Enrollment Projection
District Enrollment Projection ???
State Enrollment Projection 12,353
District Projected Enrollment Increase ???
40th Day Reported Enrollment 12,107
Less: State Projection ,353
Over projection (246)
State Budget Reduction: ($431,956)

3. Projected Local Revenue Increase
County per pupil for enrollment growth $ ???
1% Inflationary increase to district tax $ 326,517
Savings from State longevity (certified staff) ,000
Total Net Increase $ 521,517

4. Projected Local Continuation and Expansion Budget Increases
State Mandates
2% State pay raise (placeholder) $1,015,269
Employer health insurance match increase ($5378 to $5475) $ ,480
State retirement match increase (15.21% to 15.82% estimated) $ 222,650
Affordable Care Act – health insurance for temporary staff $ ,750
Subtotal $1,374,149
Continuation of Current Services
Charter school student enrollment – Revenue Sharing $ 300,000
National Board stipends –teachers moved to Local fund $ ,500
Driver Training (loss of State funds) $ 210,000
Orange County Living Wage match – to $12.76 per hour $ ,500
(Locally-paid staff only)
Subtotal $ 633,000
TOTAL OF CONTINUATION BUDGET REQUESTS $2,007,149

5. Projected Local Continuation and Expansion Budget Increases
Expansion Requests
Guidance Program Review $ ,000
Classified Employee Pay Study Salary Adjustments (est.) ,000
Administrative Employee Pay Study Salary Adjustments (est.) ,000
Expansion Requests from Schools and Administrative Office 3,831,170
TOTAL OF EXPANSION REQUESTS $4,331,170
GRAND TOTAL OF CONTINUATION AND EXPANSION REQUESTS $6,338,319
BUDGET SHORTFALL ($5,816,802)

6. Ad Valorem Tax Increase Required to Fund Budget Shortfall
Using Current Year Valuation:
County Ad Valorem Tax Increase=
$5,816,802/$1,009,156 = 5.76 cents
($1,638,241 X 61.6% = $1,009,156)

7. Local Fund Balance Projection
Assign $1,000,000 in Fund Balance for
Estimated year-end unassigned fund balance for June 30, 2015 is $3.8 million or 5.57%; slightly above target

8. State Budget
Potential pay raise for teachers if the entry level salary is increased from $33,000 to $35,000
May permanently lose the $199,479 in Driver Training funds
Student enrollment growth projection will be a low number; small budget increase

9. Key Dates on the Budget Development Calendar
March Budget work session
March Public Hearing and budget work session
April Budget discussion and approval of budget to be submitted to the County
April Submit Board’s budget request to County
April Joint meeting of school board’s for budget presentations to County