Olathe District Schools

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Olathe District Schools. Notice of Hearing for State Budget Documents 2009-10. Budget Development Goals. Maintain Direct Services to Students Attract and Retain High Quality Staff Minimize Impact on Taxpayer in a Challenging Economy. BUDGET 2009-10: More students -- less money. - PowerPoint PPT Presentation

Transcript of Olathe District Schools

OLATHE DISTRICT SCHOOLS

Olathe District Schools

Notice of Hearing for State Budget Documents 2009-101Budget Development GoalsMaintain Direct Services to StudentsAttract and Retain High Quality StaffMinimize Impact on Taxpayer in a Challenging EconomyBUDGET 2009-10:More students -- less money$9 Million reduction (To Date)2008-092009-10District Operating Expenditures$227 M$221 MBoard Approved Budget in August 2008$230 MEnrollment Growth of 375+ Students (FTE )Maintain Effective Class SizesOpen Forest View Elementary (Elementary #34)Implement Final Phase of Elementary International LanguageRetain Quality StaffMaintain FacilitiesBudget considerations for 2009-10Insert a map of your country.5Cash Balance Reserve goalsFinancial IndicatorsGoalStatus

Contingency Reserve6% of General Fund 6%

Cash Flow102%less than 100%

Capital Outlay3% of Fixed Assets 1.9%Insert a map of your country.6Creating a balanced budget with reduced funding

Creating a balanced budget with reduced funding

Key Variables Impacting the LevyLOB State Aid19.55% to 27%

Bond & Interest State Aid6% to 9%

COLA1% produces $2,081,000~ 0.868 mills

Capital Outlaycurrently 0.5 mills(down from 4.0 mills) Assessed Valuationdown 3.77%

Insert a map of your country.9Preliminary balanced budget -- no mill levy increase

Insert a map of your country.102009-10 BUDGET accomplishmentsBalances BudgetNo Mill Levy Increase for TaxpayersProvides Some Resources for Compensation & Benefits Provides a Step Towards Restoring Necessary Support for Capital Outlay FundingProtects Reserves for Potential Rescissions in 2009-10Protects Direct Student Services (No Program Cuts or Layoff of Staff)Insert a map of your country.11BUDGET DEVELOPMENT TIMELINERemaining Timeline ConsiderationDateBoard ApprovesNotice of Hearing for PublicationAugust 6

Publication in PaperAugust 8

Preliminary State Documents Finalized August 12Budget Workshop (Community) 6:00 pmAugust 13Public Hearing & Approval of BudgetsAugust 20

Staff Certify Approved Budget to County August 25and Submit to StateInsert a map of your country.12BUDGET DEVELOPMENT TIMELINERemaining Timeline ConsiderationDateBoard ApprovesNotice of Hearing for PublicationAugust 6

Publication in PaperAugust 8

Preliminary State Documents Finalized August 12Budget Workshop (Community) 6:00 pmAugust 13Public Hearing & Approval of BudgetsAugust 20

Staff Certify Approved Budget to County August 25and Submit to StateInsert a map of your country.13QuestionsInsert a map of your country.14

Sheet1Projected Revenues220,923,995

2008-09 Exepnditures226,931,783

Voluntary Early Retirement(10,884,000)Cost of Incentive2,257,000Back-Fill Positions2,600,000Additional Non-Personnel Reductions(900,000)Unanticipated Growth / Needs941,000Health Ins. Net Changes409,525Social Security Payments(469,814)Special Liability(200,000)

Non-Personnel Services356,862Utilities474,268Projected Expenditures221,516,624

Shortfall(592,629)

Sheet1Projected Revenues220,923,995

2008-09 Exepnditures226,931,783

Voluntary Early Retirement(10,884,000)Cost of Incentive2,257,000Back-Fill Positions2,600,000Additional Non-Personnel Reductions(900,000)Unanticipated Growth / Needs941,000Health Ins. Net Changes409,525Social Security Payments(469,814)Special Liability(200,000)

Non-Personnel Services356,862Utilities474,268Projected Expenditures221,516,624

Shortfall(592,629)

Sheet1Mills2008-092009-10General Fund20.00020.000LOB20.09219.038Capital Outlay0.5013.000Special Liability0.0000.174Extraordinary Growth3.8763.748Cost of Living0.0001.183Bond & Interest21.89419.552Special Assessments0.5500.218Total Levy66.91366.913