St. Louis Public Schools Board of Education- Budget Work Session Prepared by the Finance Division Dr. Diana Bourisaw Superintendent Mr. Enos K. Moss Interim CFO/Treasurer January 9, 2007

2 Topics for Discussion Status of fiscal 2007 General Operating budget (GOB) review Proposed negative budget adjustments Proposed budget reallocations Other potential budget risks Justifications and points of interest

3 Proposed negative budget adjustments ISSUES BEING ADDRESSED ESTIMATED COST ($ in millions) Charter Schools ( revenue reduction)$ 2.3 Legal 0.6 Building repair and Maintenance 0.5 Professional Development 1.4 Early Childhood (Parents As Teachers) 0.5 Community Development 0.1 Food Service 0.7 Salaries per Local 420 negotiations ( Board approved Jan 02, 2007) 0.8 Total $6.9

4 Proposed budget reallocations Major AreaReduction Career Education Tuition* $3.0 Savings from budget freeze and reductions* 3.9 Grand Total $6.9 $ in millions *Based on realignment of budget with actual student count

5 Proposed budget reallocations (contin.) Savings from budget freeze and reductions: $ in millions Salaries/Benefits $ 0.1 Professional/Technical 1.8 Printing 0.3 Supplies/Software 1.0 Equipment 0.4 Miscellaneous 0.3 Total $ 3.9

6 Other potential budget risks Charter Schools Other repairs and maintenance Utilities

7 Justifications and points of interest Proposed Budget allocations based on actual enrollment Failure to pass budget will result in inability to comply with State law and will handicap operations Budget as proposed will allow resources to be used more efficiently. This will in turn provide a more equitable distribution of $s in the classroom.