1. CONCEPTUAL PRESENTATION
MOSAIC ACADEMY
FY18 BUDGET
Governing Council meeting, March 16, 2017

2. DATES Legislature session, Jan 17 – MAR 18
SBWS, Albuquerque, APR 11–13
Final council approval, May 18
(Prior to June 20, 2017)
Budget due in Santa fe, June 7
AMSD approval, June 8
PED APPROVAL, JULY 1

3. Education in new mexico
Legislature
Concern for decline in oil and gas revenues
Concern for teacher recruitment to NM and administrative salaries
Concern for employees’ net of check due to health premium increase
Concern for equitable funding per student – including adequate funding
Concern for the liquidity of the Retiree Healthcare
Governor
Initiatives for early intervention to increase student learning in our state
Our anticipation is that the unit value will be set very conservatively because of the State’s economy at this time – perhaps flat but, potentially, a 2% reduction

4. Conceptual budget information

6. Unit Value Decrease, $21,682 and "claw back", $26,335
CASH BALANCE 6/30/16
298,023.00
FY17 REVENUE
1,399,566.00
FY17 EXPENDITURES
1,447,583.00
CASH BALANCE 6/30/17
250,006.00
If we hold spending to offset Legislative reductions
DEFICIT SPENDING
$ (48,017.00)
Unit Value Decrease, $21,682 and "claw back", $26,335

7. Priorities for additional funding
Increased expenditures outside of our control
Legislature, Minimum salary mandates
NMPSIA, health and other premium increases
Fixed costs such as utilities, audits, attorneys, financial/student software
Increased expenditures within our control
Programmatic needs to increase student learning
Necessary training for staff and Council
Staffing levels
Employee salaries
Consideration of deficit spending in prior year if needed
Consideration of cash balance goal and anticipation of State maximums

9. Share THOUGHTS

10. COUNCIL priorities
Highest
Least interest

11. Thank you