1. Paw Paw Public Schools Budget Proposal 2016/17 2015/16 In Review
2016/17 Projection
General Fund
School Service Fund
Cafeteria
Cedar Street Center
Debt Information

2. Financial Planning Policy 2201
10% Fund Balance
Budget calendar
Conservative
For planning

3. 2015/16 General Fund Budget Revenue Expenditures
January Budget $19,949,000
Change, increase
Total Revenue 15/16 $19,949,000
Expenditures
January Budget $20,000,000
Change, reduction (237,000)
Total Expenditures 15/ $19,763,000
Expected use of fund balance
January Budgeted Use ( 51,000)
Change, reduction in use ,000
Addition to fund balance 15/ ,000

4. 2015/16 General Fund Budget Expenditures
Eliminate large copy machine contract $ (29,000)
Reduce transportation fuel due to prices (50,000)
Vacancy related (unfilled positions, (78,000)
subs for part of year)
Snow plow savings (30,000)
Heating savings (50,000)
Change in Expenditures, decrease $ (237,000)

5. 2015/16 General Fund Summary Decrease in revenue $ 0
Add decrease in expenditure ,000
Net decrease in deficit ,000
Projected deficit as of Jan ( 51,000)
Excess Rev. for 15/16 as of May ,000
Projected Fund Balance & Assigned $ 4,555,000
6/30/ or 23% of Exp.
Projected Unassigned Fund Balance $ 3,547,000
6/30/ or 18% of Exp.

6. Key Assumptions General Fund Budget
2015/ /17
Millage Rate mills mills
Foundation Allow $7,391 $7,511
Blended Count 10S/90F 15F/85F
Fall Enrollment (K-12 and Alt) 2,210 2,188
Retirement Contribution Rates 25.79% 24.95%

7. 2016/17 General Fund Budget Millage Available to levy:
2015/ Mills
Less Headlee for 2015/16 ( ) Headlee
Voted millage
Maximum Levy Mills
Amount to levy in December Mills
Millage rate expires 12/31/2021.

8. Enrollment (K-12 and Alt.)
October ,273
October ,254
October ,240
October ,212
October 2016 (est.) 2,183

9. Significant Changes
Increase technology support and training as we add the 1:1 pilot work in 2016/17.
Return heat, snow plowing, and transportation fuel to historic levels rather than 15/16 warm winter levels.
Add back special education teachers to meet educational needs of students. Cuts in 2015/16 were too deep.
Insurance benefits and MPSERS payments to new caps/expected rates.
Cost staff at expected steps for 2016/17 (Contracts to be negotiated)

10. MPSERS Employers Contribution Rate History
MPSERS Change in rate Change as % of
contribution amount from PY PY rate
2010/ % % %
2011/ % % %
2012/ % % % (was 27.37% until Feb.)
2012/ % (3.05%) (11.14%)
2013/ % % %
2014/ % % %
2015/ % % %
2016/17 (est.) 24.94% (.85%) (3.29%)

11. 2016/17 Net Budget Changes from Jan. 2016
Deficit per January presentation $ (51,000)
Changes:
Increase revenue for students and PPFG ,000
Grant changes in revenue ,000
Increase in technology support costs (100,000)
Total compensation increases (attrition,
teacher staff shifts, special education
add, grant funding changes, contractual
changes, benefit rate changes, etc.) (178,000)
Other budget cuts ,000
Deficit for 2016/2017 operations $(151,000)

12. 2016/17 General Fund
Beginning Unassigned & Assigned Fund Bal $4,555,000
2016/17 Net deficit $ (151,000)
Assigned & Unassigned Fund 6/30/ $4,404,000
Percent of Expenditures %
Beginning Unassigned Fund Balance $3,547,000
2016/17 Operating deficit $ (135,000)
Unassigned Fund 6/30/ $3,411,000
Percent of Expenditures %

13. 16/17 Total School Services Preliminary Budget
15/ /17
Revenue and Incoming Transfers 1,044,000 1,044,000
Expenditures (1,041,000) (1,041,000)
Excess , ,000
Fund 6/30 $ 76, $ 90,000
% of expenditures % %

14. 16/17 Cafeteria School Services Preliminary Budget
15/ /17
Revenue and Incoming Transfers , ,000
Expenditures (985,000) (985,000)
Excess , ,000
Fund 6/30 $ 76, $ 81,000
% of expenditures % %

15. 16/17 Child Care Services Preliminary Budget
15/ /17
Revenue and Incoming Transfers $ 54, $ 54,000
Expenditures (56,000) (56,000)
Deficit $ (2,000) $ (2,000)
Fund 6/30 $ 10, $ 8,000
% of expenditures % %

16. Debt Retirement Funds All debt funds (includes refinanced) 8.20 mills
Without SBLP (per bond application) mills
Principal and interest due 2016/17 $6.0 million
Bonded debt due 2016/17 & beyond $49.2 million
Owe SBLP 2.2 million
Total Debt $51.4 million
Projected date to pay off SBLP 2033
Millage rate mills
Mandatory repayment due May 1, 2037