1. 2015-2016 Budget Development Town Hall Meeting DR. TIMOTHY MITCHELL RAPID CITY AREA SCHOOLS 1/8/15

2. Tonight Discuss Current Fiscal Situation Present a Proposed Plan for reduction and reprioritizing of funds Answer Questions Gather Input

3. 2015-2016 PSA Governor's Proposal 2% Increase (1.5% CPI-W)-see attached $4,876.76 Impact: $95.62 per student $1,323,572-new revenue* *if enrollment does not decrease

4. PSA History *FY 2010-$4,804.60 FY 2011-$4,804.600% increase FY 2012-$4,389.95-8.6% decrease FY 2013-$4,490.922.3% increase FY 2014-$4,625.653.0% increase *FY 2015-$4,781.143.36% increase FY 2016-$4,876.76*2.0% increase *Proposed

5. Fiscal Responsibility GF Revenue Trends YearRevenue 2008-2009$77,867,808 2009-2010$82,404,517 2010-2011$82,060,598 2011-2012$79,130,598 2012-2013$79,339,695 2013-2014$79,036,321 2014-2015*$78,602,573*

6. Enrollment Data

7. Fund Balance History 2009-$8,890,123 2010-$14,024,787-ARRA 2011-$14,639,370 2012-$15,095,871 2013-$16,775,387* 2014-$13,831,852 2015- $8,086,490** *Accounting change for utility taxes-required districts to report 2 years of revenue in 2013-one time dollars for next year deposited in May 2013 **Projected based upon Option # 1-next slide

8. Fund Balance Projection Option #1 2015-$8,086,4909.6% Spend all $5.7 Mill as budgeted Option #2 2015-$10,086,49012% Spend $3.7 Mill w/reduction for this year Percentage based upon 2014-2015 expenditure levels

9. 2014-2015 Fund Balance Current Budget: $5.7 Mill allocated $2.0 Mill one time expense for 2014-2015 $3.7 Mill ongoing deficit spending

10. What are other schools doing? Increased Enrollment/Increased Assessed Evaluation Opt Out 2014-2015-46% 2015-2016-25% additional Spending General Fund Reserve 2013-2014-71% 2014-2015-87% Capital Outlay Flexibility 2014-2015-65% Unique Revenue Sources: Other Revenue- EX: Impact Aid-Small School Factor

11. Spending Reduction Goals *Balance Revenue with Expenditures *Create Long-Term Stability *Free up Resources for Compensation *Find and Implement any and all areas of Reduction as possible

12. Final Decision Four Factors Guide Evaluation: Financial Benefit Impact on Student Achievement Political Feasibility Complexity of Implementation

13. Timeline Town Hall Meetings: January 29-East Middle School 6:30 PM February 5-North Middle School 6:30 PM February 17-Board Action-Rapid City High School 5:30 PM