CONCEPTUAL PRESENTATION MOSAIC ACADEMY FY18 BUDGET Governing Council meeting, March 16, 2017

DATES Legislature session, Jan 17 – MAR 18 SBWS, Albuquerque, APR 11–13 Final council approval, May 18 (Prior to June 20, 2017) Budget due in Santa fe, June 7 AMSD approval, June 8 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 – perhaps flat but, potentially, a 2% reduction

Conceptual budget information

Unit Value Decrease, $21,682 and "claw back", $26,335 CASH BALANCE 6/30/16 298,023.00 FY17 REVENUE 1,399,566.00 FY17 EXPENDITURES 1,447,583.00 CASH BALANCE 6/30/17 250,006.00 If we hold spending to offset Legislative reductions DEFICIT SPENDING $ (48,017.00) Unit Value Decrease, $21,682 and "claw back", $26,335

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 Staffing levels Employee salaries Consideration of deficit spending in prior year if needed Consideration of cash balance goal and anticipation of State maximums

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COUNCIL priorities Highest Least interest

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