HCPS Board of Education FY 2010 Budget Approval June 22,

FY 2010 Budget Challenge Economic Downturn

FY 2010 Unrestricted Operating Budget 3

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Financial Challenge 5

Cost Savings/Reductions Implemented by HCPS: 6

FY 2010 Unrestricted Operating Budget *FY 2010 Unrestricted Operating Budget Revenue contains a total of $4,637,987 from HCPS Fund Balance. 7

The State actions now require the County to assume more of the funding level for the Harford County Public School System in order to move the school system forward in meeting Federal and State mandates. The school system is grateful to receive level funding from the County government for FY 2010 in this uncertain economy. 8

American Recovery and Reinvestment Act of 2009 (ARRA) Maryland State is using ARRA Federal Funds to support the formula funding for Direct State Education Aid for FY 2010 To Restricted – ARRA Federal Funds To Restricted – Medical Assistance 9

Revenue Adjustments 10

Expense Adjustments 11

Summary of Position Changes 12

Summary of Revenue Changes Note: $4,637,987 of one time revenue from Fund Balance will be used to fund operating costs in the FY 2010 Unrestricted Operating Budget. 13

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The Superintendent recommends the approval of the proposed amendments to the Unrestricted Fund. Final Reconciliation FY 2010 Unrestricted Operating Budget 15 Go back to slide 10 & 11 for amendments

Restricted Fund for FY

Restricted Fund for FY 2010 continued 17

Restricted Fund for FY 2010 continued 18

Restricted Fund for FY 2010 continued 19

Restricted Fund for FY 2010 continued 20

Summary Restricted Fund for FY

The Capital Projects Funds as amended after all appropriation changes by the State and County Governments: The State reimbursed HCPS $14.6 million for the Bel Air High School Project. This amount has been reallocated to fund other capital projects. 22

Capital Projects Funds continued 23

Capital Projects Funds continued 24

The Capital Projects budget reconciliation with the County approved Capital Budget is as follows: 25

The Superintendent recommends the approval of the FY 2010 Proposed Budget in the Unrestricted Fund of $417,525,509; the Restricted Fund of $32,701,475; and the Capital Budget of $76,183,528. Final Approval of HCPS FY 2010 Budget 26