1. 1 Budget Update January 29, 2015 Ken Hicks

2. State Budget 2

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6. Governor’s Budget Impact – Increase to M&O Inflation at 1.5%$2.4 mill Adjustment Increase$1.5 mill – DAA additional reduction$4.2 mill (approximately 85% of DAA spent at schools) – Elimination of Student Success Funding$0.7 mill – Requirement to cut 5% of non-classroom expenditures (approximately $3.6 mill) – Reductions must not impact the classroom – Vacant space State Budget 6

7. ADM – 40 th Day report indicates estimated increase of 150 students Staffing – still carry vacant positions in custodial, transportation and those hard to fill positions. Current Budget 7

8. Assumptions – No growth in ADM – Staffing ratios remain – No increase in Health Benefits to the budget – Decrease in ASRS contribution rates – Utility rate increase of over 3% FY2015-16 Budget 8

9. Questions and Comments 9