1. Fiscal Year 2013-14 Proposed Budget Presented by Chief Financial Officer Charles A. Burbridge

2. AGENDA
Revenue Assumptions
Recent Budget Experience
FY14 Budget Discussion
Analysis of Fund Balances
Risks and Opportunities

3. Revenue Assumptions Comments:
Local tax revenues for fiscal year 2012 include $25 million in TAD settlement
Other Sources for Fiscal Year 2013 include $15 million in E-rate funding
FY 2014 other sources include indirect cost and E-rate funding

4. General Fund Multi-year Comparison (millions)*

5. Superintendent Recommendation for Balancing FY 2014 Budget
$ Millions
Projected Revenues
$554.0
Projected Expenditures
602.0
Projected gap in preliminary budget
$48.0
Actions that are recommended to reduce gap:
Eliminate salary increase
($10.0)
Sell AIS property
($6.0)
Vacancy Management (2%)
($3.0)
HS/MS Staffing & Scheduling
($2.0)
Media Paraprofessional
($1.0)
Position Elimination
($2.1)
Extended Day
($0.9)
Bell Schedule Changes
Accelerate the Outsourcing of Janitors
Use of Fund Balance
($20.0)
Remaining Gap
$0.0

6. Analysis of Fund Balance FY09-FY14 (millions)

7. Risks/Opportunities Risks Opportunities Appropriations
Risks 
Opportunities
Appropriations
Estimate of students
(Traditional v. Charter)
Under estimated student count
Unexpected cost increases
Unexpected program needs
Revenue
Higher student count
Property digest
(Over estimated)
(Under estimated)
Indirect cost
(Drawdowns of federal funds do not meet expectations)
Belt-line payments
E-Rate
(funding pending from prior years)
Indirect costs
(Apply indirect cost against expanded pool of grants)