Business Services Update Board of Education Workshop December 1, 2015 Frequently, presenters must deliver material of a technical nature to an audience unfamiliar with the topic or vocabulary. The material may be complex or heavy with detail. To present technical material effectively, use the following guidelines from Dale Carnegie Training®.   Consider the amount of time available and prepare to organize your material. Narrow your topic. Divide your presentation into clear segments. Follow a logical progression. Maintain your focus throughout. Close the presentation with a summary, repetition of the key steps, or a logical conclusion. Keep your audience in mind at all times. For example, be sure data is clear and information is relevant. Keep the level of detail and vocabulary appropriate for the audience. Use visuals to support key points or steps. Keep alert to the needs of your listeners, and you will have a more receptive audience.

Agenda 2015-16 General Fund Budget Amendment Summary of Revenues & Expenditures for Audited 2015, Original 2016, and Proposed Amendment #1 2016. Revenue by Source Revenue by Object 2015-16 Capital Projects Fund Budget Amendment 2015-16 Capital Maintenance Fund Budget Amendment 2015-16 Community Education Fund Budget Amendment Budget Process & Timeline Questions?

2015-16 GF Budget Amendment

2015-16 GF Budget Revenue

2015-16 GF Budget Amendment #1 Revenue Local Revenue Increase of 2.4% attributable to increase in property tax values. State Funding Increase of 3.3% includes the following: $2,120,000 increase in MPSERS UAAL (offset by increase in expenditures) $357,000 in Special Ed funding as a result of our increase of special education cost from 13/14 to 14/15 $173,000 increase in Hold Harmless Categorical Funding ($105 categorical to ensure we received $25 per pupil increase in state funding) $69,000 increase in Vocations Education revenues. $106,000 increase related to increase in student count (12,560 to 12,706) Federal Grants decrease of 8.2% reflects actual award amounts and PY revenues received. Incoming Transfer and Other Transactions decrease of 1.6% is attributable to anticipated reduction in PA 18 revenue.

2015-16 GF Budget Amendment #1 Revenue

2015-16 GF Budget Expenditures

2015-16 GF Budget Amendment #1 Expenses Salaries have remained consistent with original budget Benefits increase of 5% is due to the $2.1 million increase in MPSERS UAAL (offset by revenue) Purchased services slight increase of 2% Supplies decrease of 7% a result of decreased the textbook line items by $442,000 Capital Outlay decrease of 25% a result of decreasing budgeted line items. Other and Outgoing Transfer and Other Transactions were not effected greatly in this amendment Removed the $3,000,000 budget reduction assumption and included a $1,500,000 positive variance assumption in the budget amendment.

MPSERS Employer Contribution Rates History And Future Projections The state portion of the MPSERS contribution rate is $675 million in FY 2014-15 and is expected to increase to $908 million in FY 2015-16. Note: Future projected rates are from Office of Retirement Services based on current actuarial valuation House Fiscal Agency: January 2014

2015-16 GF Budget Amendment #1 Expenses

Budget Process & Timeline General Fund will be amended twice more this fiscal year – March*, June. Special Revenue Funds will be amended as needed throughout the rest of the fiscal year. *Subject to change based on availability of information

Questions?