1. 2010-2011 Superintendent’s Proposed Budget
Presentation for Providence School Board
April 26, 2010

2. FY2011 Budget Overview
The School Department’s approved budget is $313,545,652
The Superintendent’s proposed budget is $329,436,497
The FY2011 Budget is $15,890,845 or 5.07% higher than FY2010
93.5% ($14,863,973) of the expenditure increase is due to salary and benefits
Budget increases are driven by:
Labor agreements
Vendor agreements
State regulations and laws
Enrollment

3. FY2011 Budget Overview
State Aid will be level funded at the original amount for FY2010
Governor’s FY2011 Proposed Budget calls for a $7.1 million reduction in Aid to Education for Providence
The City appropriation to schools will remain at the FY2010 amount
City funded 38.41% of FY2010 budget. Level funding of the FY2011 proposed budget is 36.6%
Federal Entitlements will be level funded
The approval of State-wide Funding Formula was not assumed

4. FY2011 Budget Overview
Proposed FY2011 budget includes a $16.8 million budget gap
Level funding of City and State aid assume
No across-the-board salary increases scheduled for FY2011
Negotiated wage freeze for Local 1033 employees

5. Expenditure Variances in FY2011 Budget (Summary)
FY2010 Approved Budget $313,545,652
FY10-FY11
Description
Variance
Salary & Benefits
$14,863,973
Services
$967,333
Materials & Supplies
($461,167)
Equipment
$85,746
Utilities
$434,960
FY2011 Proposed Budget
$329,436,497

6. Revenues FY2010 Approved Budget $313,545,865 FY10-FY11 Description
Variance
City Appropriation
$164,820
E-rate Reimbursement
$65,000
Master Lease Reimbursement
($1,000,000)
Transfer from Indirect Cost
($200,000)
FY2011 Proposed Budget
$312,575,685

7. Budget Schedule (Anticipated)
April Budget workshops
April 27 Budget submitted to Mayor
May 1 Budget submitted to Council
June Council budget hearings
June-July Final state aid determined
July Council adopts city budget
July-August School board approval
July-August Council approves ordinances