Proposed Financial Plan for Fiscal School Board Meeting February 12, 2015

Proposed Financial Plan for Fiscal BUDGETED FUNDS SUMMARY % ACTUALREVISEDPROPOSEDInc/(Decr) BY FUND: OPERATING FUND $ 125,250,997 $ 129,020,096 $ 131,866, % GRANTS FUND 8,267,079 11,673,597 11,598, % FOOD SERVICES FUND 7,019,108 7,478,228 7,440, % $ 140,537,184 $ 148,171,921 $ 150,905, %

Revenue - All Funds

Expenditures by Major Classification

Expenditures by Object Code Personnel compensation and benefits make up 84.20% of the Operating fund budget.

State Revenue: Basic Aid Reduction $(425,438) Retirement Rate reduction adjustment (107,806) Sales Tax Estimated Increase 625,925 Other Programmatic Decreases (56,758) Total increase state revenue $ 35,923 Note: State Revenue is based on ADM of 13,800 students

History of State Funds

Local Revenue: Red = Funded amount Blue =Requested amount

Personnel Budget includes: Implement Phase I of Pay and Compensation study for contracted TEACHERS $3,886,000 STEP raise for all full-time support employees $ 672,303 Implement Classified Phase I of study for employee positions >20% below market $ 59,430 Total Increase in Personnel Costs: $4,617,733

Fringe Benefits Changes: Decrease VRS rate $(574,200) Decrease Health Ins. (473,884) Increase Group Life 21,623 Decreases - Worker’s Compensation and Other Benefits (190,786) Total Benefits DECREASES: $(1,217,247)

Operating Expense Changes: Increase Purchase Services: $505,527 Increase Joint Operations: 308,866 Decreases Other Operating: (148,176) Other Cost savings: (180,703) Total Operating Expense Increases $485,514

Pay and Classification Plan Phase I: Support personnel implementation >20% below market $59,430 Title changes and IT new grades 18,553 Implementation New Teacher Scale 3,886,005 Total Phase I $3,963,988

Reduced Expenses of $1,217,247 to fund… Step raise for Full-time support personnel $672,303 Minor increases in other operating costs 485,514 Phase I Support position changes 59,430

City Appropriation Request Proposed: City Appropriation Request Proposed: To fund Phase I - Teacher portion of Pay and Classification: $3,886,000

General Assembly proposed Budget changes: General Assembly proposed Budget changes: House 1.5% increase in SOQ instructional and support positions on an 11 months basis with a locality required match no later than January 1, 2016 Senate 1.5% increase in SOQ instructional and support positions on a 10 month basis with a locality required match no later than January 1, 2016 VRS Rate change is already included in Proposed Budget Plan presented tonight and is only.07% different from Governor’s proposal