Our Financial Foundation FY 2015-2016

To provide an education and the supports, which enable each individual student to excel as a successful and

responsible citizen.

Fund Balance

Fund Balance DefinedHistoryToday

Numbers, NumbersBased on FY 2014-2015

Revenue per student: $7,484.80

Expenses per student: $8,027.02

204,559 X ($542.22) = ($110,915,981)

Per Class Size:

Grades: K-3 18 per class

Grades: 4-8 22 per class

Grades: 9-12 25 per class

Fiscal Year and School Year: 2015-2016

How did we get here?How can we help?Revenue GenerationFinancial Correction

◦ (Practices, Oversight, Monitoring)

Teamwork

Fiscal Year and School Year: 2015-2016

New Dollars vs. New Expenses:

FEFP Revenues: $62,102,874District Expenses: $137,494,922Unfunded Expenses: ($75,392,048)

Fiscal Year and School Year: 2015-2016

District Expenses: $137,494,922Non-recurring dollars used in June 2015 payrolls: $68.5 m

New Teacher Salary Schedule: $16.8 m

Charter School Growth and new schools: $12.8 m

McKay Scholarship Program growth $1.1 m

Program Sustainability Peer-Replacement:$11.3 m

Program Sustainability Mentors – district portion $6.1 m

Health Insurance Increase – district portion $10 m

Curriculum & Instruction expenses $5.5 m

Testing & Assessment Increase expenses $3.1 m Miscellaneous Instructional expenses $2.2 m

Fiscal Year and School Year: 2015-2016:

Options in our Tool Box:

Choice School District

District Level Operations Evaluation

Equipment Review

Materials and Supplies

Return on Investment (programs Instructional & Instructional Support)

Review Purchased Services Contracts (internal and external)

Spending Re-alignment (Everyday Services)

Travel

Unit Recoupment

We Can Do It!

It is important to understand that the mission drives the budget.

Fiscal Year and School Year: 2015-2016

Our Focus: 3-5 YearsOur Goal: Fiscal Responsibility

&Financial

Stewardship

Questions and Answers

Thank you for you!