CONCEPTUAL PRESENTATION MOSAIC ACADEMY FY17 BUDGET GOVERNING COUNCIL MEETING, MARCH 17, 2016

DATES LEGISLATURE SESSION,JAN 19 – FEB 18 SBWS, ALBUQUERQUE, MAR 30 – APR 1 BUDGET DUE IN SANTA FE, MAY 5 FINAL COUNCIL APPROVAL (PRIOR TO JUNE 20, 2016) AMSD APPROVAL PED APPROVAL, JULY 1

EDUCATION IN NEW MEXICO Legislature  Concern for decline in oil and gas revenues  Concern for teacher recruitment to NM and administrative salaries  Concern for employees’ net of check due to health premium increase  Concern for equitable funding per student – including adequate funding  Concern for the liquidity of the Retiree Healthcare Governor  Initiatives for early intervention to increase student learning in our state Our anticipation is that the unit value will be set very conservatively because of the State’s economy at this time

CONCEPTUAL BUDGET INFORMATION

MOSAIC ACADEMY CHARTER Budget for REVENUE CHANGE Revenue increase in State Equalization Guarantee Unknown T & E Increase, using current year program units125,712 EXPENDITURE CHANGE: One Per Cent Salary Increase, All Employees, DIDN'T PASS Council Provided Salary Increase, All Employees Increase Level II and III Teacher Minimum Salary by $2,0008,600 Employee Horizontal Movement on the Salary Schedules301 Medical Benefit Increase, Hi = 8.3%, Lo=7.15%8,328 Property/Liability/Workers' Comp Insurance Premium Increase Unknown Loss of Grant funds ??, moving costs to OperationalUnknown Increase of Expenditures:(17,229) TOTAL OFFSET: $108,483 Cost of Salary Increase for IDEA-B Employees: Cost of Salary Increase for Reads to Lead Employee: Total Operational Offset 108,483

CASH BALANCE 6/30/15 341, FY16 REVENUE 1,319, FY16 EXPENDITURES 1,435, CASH BALANCE 6/30/16 225, conservative figure DEFICIT SPENDING $ (116,314.00)

PRIORITIES FOR ADDITIONAL FUNDING Increased expenditures outside of our control Legislature, Minimum salary mandates NMPSIA, health and other premium increases Fixed costs such as utilities, audits, attorneys, financial/student software Increased expenditures within our control Programmatic needs to increase student learning Necessary training for staff and Council Employee salaries Consideration of deficit spending in prior year if needed

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