1. FY13 Budget Development
K-12 Meeting
March 14, 2012

2. History of Budget Reductions

3. FY13 Budget Development to Date
Jan. 17th Preliminary FY13 Budget Presentation
Assuming all State-imposed reductions are continued
FY13 budget deficit projected to be ($4.1) million
March 1st FY13 Budget Update
staffing updated (including open enrollment)
Carry forward increased by $2.2 million (VSEBT prepayment)
FY13 budget deficit projected to be ($2.4) million

4. FY13 Budget Development Meetings
Negotiation Solution Team (NST) Meetings
February 14th
March 1st
March 13th
March 26th
April 10th
Benefit Committee Meetings
January 23rd
February 28th
March 7th
March 15th

5. Budget Option Guiding Principles
Primary focus of organization is service to students
Resources should be targeted toward Strategic Plan goals
Maintaining student-teacher ratios shall be a priority
All staff contribute to the objectives of the organization
Job preservation is a priority

6. FY13 Budget Options - DRAFT
2.2% health insurance renewal (change to retirees option) $1,500,000
0% health insurance renewal $ 1,900,000
10% District Budget Reduction in addition to the 5% previous reduction $ ,000
10% School Discretionary Budget Reduction in addition to the 5% previous reduction $ 214,000
Change the Phased Retirement Plan program salary percentage so that the retiree pays for half the alternate contribution rate $ 282,500
Change the Phased Retirement Plan program salary percentage so that the retiree pays for the alternate contribution rate $ 565,000
Charge a fee for student-based programs that have a cost to M&O $ -0-
Implement Athletic Participation Fee * would be eligible for extracurricular tax credit $ 500,000
Reduce non-academic addenda by 10% $ 187,500
Reduce non-academic addenda by 25% $ 468,750
Reduce School/Department Capital Allocation $ -0-

7. Prioritize FY13 Budget Options
Rank the FY13 budget options you feel should be recommended to balance the ($2.4) million deficit
Where there are multiple options for a category you can only rank one but indicate which one you are ranking by crossing out the other option

8. Thank you for your input!