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2011-2012 Budget Workshop

2011-2012 Budget Workshop. Radnor Township School District. January 15, 2011. Introduction.

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2011-2012 Budget Workshop

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  1. 2011-2012 Budget Workshop Radnor Township School District January 15, 2011

  2. Introduction During these financially challenging times, Radnor Township School District, like school districts across the Commonwealth and the nation, has borne the responsibility of making severe cuts to its budget.

  3. Introduction The goal in every budget decision was and remains to keep Children First and to continue to provide a Radnor Education for all students In 2009 we added the assurance that there were sufficient funds for a basic education And added to Children First:maintaining a Radnor Education

  4. Radnor’s Budget History

  5. Enrollment History and Projections * Projected – based on current enrollment & parent inquiries

  6. Borrowing from UPS – Constructive Dissatisfaction No matter how good a job we’re doing, we can always do a little better. It’s that ability to transform, to evolve, and to execute on those transformations that has made us successful. We should never be content to rest on past successes, but should always strive for continuous improvement in everything we do. For example: The light bulb created constructive dissatisfaction with the candle and kerosene lamp. The automobile made people dissatisfied with the horse and carriage. Telephones made us dissatisfied withthe telegraph. Word processors and computers did it to typewriters. Cell phones are doing it to land-line telephones.

  7. Addressing the Economic Challenge • We created a five-year forecasting model to inform current decisions and recognize future impact to budget • Even though we budget annually, yearly decisions have future implications • We have been examining expenditure areas to identify: • Student impact • Staff/services impact • Benefits • Use of resources • Outsourcing

  8. Expenditure Drivers 2011-2012 Health insurance Salary increase for staff Special education Employer PSERS rate increase went from 5.76% (adjusted post-budget approval ) to 8.65% (HB2497)

  9. Budget Presentation Overview

  10. Budget Workshop Format • Each office presents relevant information using a similar format • Background information is identified with a • The background information is for reference and will not be addressed during the budget workshop • The format is as follows • Strategic Plan Recap • Historic Overview • Budget • Achievement • Alignment of 2011 Goals • The 2011-2012 budget presentation follows

  11. 2011-2012 Budget Assumptions 2011-2012 budget assumes a 1.4% tax increase Salaries and benefits are based on current employee contracts as well as the district’s “best and final”offer to RTEA Health benefits budgeted at 15% increase Revenue down due to loss of stimulus money

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