1. Superintendent’s Proposed FY16-17 Budget
School Board Meeting
March 10, 2016
3/10/2016
Superintendent's Proposed Budget

2. Superintendent's Proposed Budget
Agenda
Superintendent’s Statement of Needs/Proposed Budget Highlights
All Funds
General Operating Fund
Next Steps
3/10/2016
Superintendent's Proposed Budget

3. Superintendent Proposed Budget Highlights
State Funding based on Governor’s proposed budget – Dec. 17, 2015
Level Funding from City: $52.4 Million
Full FY17 Support of January 2016 Pay raise (only ½ year in FY16)
No Additional Pay Raise for FY17
Virginia Retirement System (VRS) Increase – Employer contribution
Right-sizing of Positions Based on Comprehensive Staffing Model and ADM Decreases
Winter Break included for 10 month Non-Exempt Employees
Increase Funding for Special Education in General Fund
Previously funded using Grant Funds
3/10/2016
Superintendent's Proposed Budget

4. Superintendent Proposed Budget Highlights
Local Match Increase for Security Officer Grant
SECEP Tuition Rate Increase
Energy Lease Finance Agreement Payment (final year)
Healthcare for Plan Year no increase to Employer Share
Increased Tutoring Budgets for Schools
Increased Athletics Funding for Schools
3/10/2016
Superintendent's Proposed Budget

5. Superintendent's Proposed Budget
2.9 % increase over
7.4 % increase over
3/10/2016
Superintendent's Proposed Budget

6. Superintendent's Proposed Budget
General Fund Revenue
2013
2014
2015
2016
2017
REVENUE
BUDGET
CITY
$48,871,532
$43,900,000
$52,400,000
$51,200,000
STATE FUNDS
$70,021,366
$69,865,727
$70,433,566
$71,625,658
$73,222,657
FEDERAL FUNDS
$700,000
$600,000
FEDERAL JOBS FUND $0
FEDERAL STIMULUS
OTHER FUNDS
$1,625,000
$1,170,000
$1,953,770
$1,548,995
SALES TAX
$14,191,795
$14,821,566
$14,834,837
$15,072,252
$15,612,710
TOTAL REVENUE
$135,409,693
$130,912,293
$139,538,403
$140,551,680
$143,384,362
3/10/2016
Superintendent's Proposed Budget

7. Superintendent's Proposed Budget
Update
FY2012 forward: Use budget only no actuals!
Check math
Be sure prior yr figures reflect published budget books
3/10/2016
Superintendent's Proposed Budget

8. Superintendent's Proposed Budget
Next Steps for Schools
Administration continues to work on budget based on School Board priorities and as more current revenue and expenditure information becomes available
School Board Approves Budget and Submits to City
Work with City on finalizing FY17 Budget
House-Senate Bill proposing 2% raise – starting FY17
3/10/2016
Superintendent's Proposed Budget

9. Superintendent's Proposed Budget
Attachments
Superintendent’s Proposed Budget
3/10/2016
Superintendent's Proposed Budget