FY13 Budget Development K-12 Meeting March 14, 2012

History of Budget Reductions

FY13 Budget Development to Date Jan. 17th Preliminary FY13 Budget Presentation Assuming all State-imposed reductions are continued FY13 budget deficit projected to be ($4.1) million March 1st FY13 Budget Update staffing updated (including open enrollment) Carry forward increased by $2.2 million (VSEBT prepayment) FY13 budget deficit projected to be ($2.4) million

FY13 Budget Development Meetings Negotiation Solution Team (NST) Meetings February 14th March 1st March 13th March 26th April 10th Benefit Committee Meetings January 23rd February 28th March 7th March 15th

Budget Option Guiding Principles Primary focus of organization is service to students Resources should be targeted toward Strategic Plan goals Maintaining student-teacher ratios shall be a priority All staff contribute to the objectives of the organization Job preservation is a priority

FY13 Budget Options - DRAFT 2.2% health insurance renewal (change to retirees option) $1,500,000 0% health insurance renewal $ 1,900,000 10% District Budget Reduction in addition to the 5% previous reduction $ 490,000 10% School Discretionary Budget Reduction in addition to the 5% previous reduction $ 214,000 Change the Phased Retirement Plan program salary percentage so that the retiree pays for half the alternate contribution rate $ 282,500 Change the Phased Retirement Plan program salary percentage so that the retiree pays for the alternate contribution rate $ 565,000 Charge a fee for student-based programs that have a cost to M&O $ -0- Implement Athletic Participation Fee * would be eligible for extracurricular tax credit $ 500,000 Reduce non-academic addenda by 10% $ 187,500 Reduce non-academic addenda by 25% $ 468,750 Reduce School/Department Capital Allocation $ -0-

Prioritize FY13 Budget Options Rank the FY13 budget options you feel should be recommended to balance the ($2.4) million deficit Where there are multiple options for a category you can only rank one but indicate which one you are ranking by crossing out the other option

Thank you for your input!