1. January 23, 2014 Georgia Fortunato Superintendent of Schools

2. 2014-15 Proposed Budget $52,930,058 2013-14 Adopted Budget$49,609,961 $ Increase$ 3,320,096 % Increase 6.69%

7. Certified Salaries Step & Longevity Only – Increase of $215,216 Support Salaries Step & Longevity Only – Cost of Step Increases$ 34,669 Administrative Salaries – Cost of Living Increase$ 58,230

8. Negotiations – Certified Contract Expires 8/31/14 – Support Staff Contract Expires 6/30/14 – $400,000 budgeted for negotiations for both groups

13. Self Insured Medical – 8% increase $1,178,838 – PPACA (Obama Care) increases for 2014-15 not known yet Miscellaneous – FICA/FICA Med no rate increase $32,522 – Unemployment/ Workers Comp $35,000

14. Certified Pension – 2013-14 Local: 14.86% – 2014-15 Local: 16.01% – Rates set by State of Rhode Island – +1.15% or +$258,158 Private Pension – Change in mortality tables = increase in rate – More participation = increase in rate – 2013-14 actual payment $49,694 over budget amount – +7.1% or +$76,913

16. Tuitions Charter Schools Increase of $473,000 or 1% Vocational Schools Increase of $174,300 Out of District Decrease of $121,000 Offset by $50,000 increase in Purchased Services to support in-district students

20. Transportation – Additional bus required for private routes – State Spec Ed Transportation Increases – +6.2% or +$177,254 – Athletic Transportation +$25,000 Spec Ed Purchased Services – More students in District – Tuition Cost Savings – +10% or $50,000

21. Insurance – Property/Liability +$10,000 SIS System – Replace current system to provide integrated approach to student information +$6,400 Officials/Referees – Increase in games played +$7,500 Maintenance/Repair HVAC – Preventive Maintenance and repair +$36,900

23. General Supplies+$77,000 – Supplies for subject areas; includes paper, science kits Athletic Supplies+$28,500 – Supplies & Uniforms all sports LHS & LMS Textbooks+$57,000 – LHS Social Studies Curriculum Revision; replacements Library Books+$15,000 – E books at LHS; small increases at elementary and middle schools

24. Natural Gas+$70,500 – Based upon actuals Electricity+$58,000 – Based upon actuals Lumber/Hardware+$ 8,000 – Aging buildings requiring maintenance Electrical+$ 8,000 – Aging buildings with new equipment Custodial Supplies+$15,000 – Based upon actuals Gasoline+$ 5,000 – Based upon actuals

26. LHS Equipment+$25,000 – LCD Projector Auditorium LHS Technology Equip$+36,500 – Computers for Film Editing Class

28. Dues & Fees+$11,000 – Projected increases in memberships & associations Other Objects+$5,000