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Preliminary Expenditure Budget for 2012-2013 ( FY2013)

Preliminary Expenditure Budget for 2012-2013 ( FY2013). Park Hill Board of Education April 26, 2012. Budget Calendar. November-December, 2011 Preparation of FY2013 Budget Guidelines January - March, 2012

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Preliminary Expenditure Budget for 2012-2013 ( FY2013)

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  1. Preliminary Expenditure Budget for 2012-2013 (FY2013) Park Hill Board of Education April 26, 2012

  2. Budget Calendar • November-December, 2011 • Preparation of FY2013 Budget Guidelines • January - March, 2012 • 2012-2013 Budget Manual and budget allocations distributed to district budget leaders • Budget reviews for each unit • January 26, 2012 • Presentation to the Board: Discussion of Budget Assumptions • February 9, 2012 • Presentation to the Board: Demographic Profile & Enrollment Projections • March 29, 2012 • Presentation to Board of Education: Preliminary Revenue Budget for FY2013

  3. Budget Timeline • April 26, 2012 • Presentation to Board of Education: Preliminary FY2013 Expenditure Budget • May 24, 2012 • Presentation to Board of Education: Updated FY2013 revenue and expenditure budgets • June 14, 2012 • Presentation to Board of Education: Updated FY2013 revenue and expenditure budgets • June 28, 2012 • Presentation to Board of Education: FY2012 Budget Amendment and recommendation for approval of FY2013 Budget • August, 2012 • Board of Education – Set the 2012 Tax Rate

  4. Benefit Renewal FINAL Assessed Valuation Park Hill Budget Cycle Enrollment Projections Teacher/Staff Salary Negotiations State Budget Approval Additional State & Federal Funding Information Redistricting Finalized New Legislation Preliminary Assessed Valuation Staffing Needs

  5. Expenditures • Total Expenditures • Includes Debt Service and Bond Expenditures • Operating Expenditures • Excludes Debt Service and Bond Expenditures

  6. Expenditures by Fund • Park Hill Funds

  7. Projected FY2012 Expenditures (by Fund)

  8. Expenditures by Fund * refinance of prior bonds • Fund 003 – Debt Service Revenue Source = Debt Service Levy

  9. Expenditures by Fund • Fund 008 – Bond Projects Revenue Source = Bond Proceeds

  10. Expenditures by Fund • Fund 008 – Bond Projects Revenue Source = Bond Proceeds

  11. Expenditures by Fund • Fund 008 – Bond Projects Revenue Source = Bond Proceeds

  12. Expenditures by Fund • Park Hill Operating Funds

  13. Typical Operating Expenditures (by Object)

  14. 61% Employee Salaries • FY2011 • Salaries and step movement frozen for all employee groups • Teachers earned educational movement (horizontal) and reduced work days (1) • FY2012 • 3.0% Average Salary Increase • Step Movement & Step Recovery for all employees • FY2013 • 58 Additional FTE planned for FY2013 (i.e. Tiffany Ridge Elementary; Technology Support; other) • Salary negotiation process with teachers begins in May • Changes to pay typically distributed to all work groups

  15. 15% Employee Benefits • FY2013 Budget • Insurance • Health, Dental, Vision & Life Insurance for Full Time Personnel • Renewal planned January 1, 2013 • Retirement • PSRS (Certified) • District & Employee payment to PSRS remains at14.5% of Salary plus Insurance in FY2013. • PEERS (Classified) • District & Employee payment to PEERS remains at 6.86% of Salary plus Insurance in FY2013. • FICA & Medicare • Rates are consistent with FY2012

  16. 12% Purchased Services • Purchased Services • Amounts paid for services rendered by personnel who are not on the district payroll • Examples: • Transportation (FirstStudent) • Wide Area Network / Fiber Lease • VoTech Tuition • Special Education Services Outside the District • Copier Maintenance Agreement • Software/Hardware Maintenance Agreements • Legal Services • Property & Liability Insurance • Projected FY2013 Increase • Expected overall increase of ~$350,000 primarily due to increases in transportation (contracted at 3% annually)

  17. 7% Supplies & Materials • Supplies & Materials • Amounts paid for materials of an expendable nature. • Examples: • Bus Fuel • Utilities • Student Supplies • Textbooks • Food • Custodial Supplies • Paper • Maintenance & Grounds Supplies • Projected FY2013 Budget • Anticipate ~$400,000 increase from FY2012 budget primarily due to increases in fuel and utilities and opening of Tiffany Ridge Elementary

  18. 5% Capital Outlay • Capital Outlay • Expenditures for the acquisition of fixed assets or additions to fixed assets. • Examples: • Building and Campus Repairs • Maintenance & Grounds Equipment & Vehicles • Computers & Electronic Equipment • Furniture (i.e. student/staff desks, cafeteria tables) • Includes one-time capital expenditures including Union Chapel Waste Water project • Lease of computer replacements and classroom pilots • Projected FY2013 Budget • Anticipate slight increase over FY2012

  19. <1% Long & Short Term Debt • Long & Short Term Debt (Non Debt Service) • Department of Natural Energy (DNR) Loan • Energy Efficiencies • Retires 2019

  20. Use of Operating Fund Balance • Budget assumption to utilize fund balances to support • Opening of Tiffany Ridge Elementary School • Initial operational costs • Funding of classroom/student technology summer and fall pilot programs (FLiP) • Budget to maintain a minimum of 18% fund balance at end of FY2013 (beginning of FY2014).

  21. Preliminary Expenditure Budget for 2012-2013 (FY2013) Park Hill Board of Education April 26, 2012

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