1. Budget Overview Jackson Zimmermann Executive Director – Fiscal Services

2. Your Budget Book Section C Operational Expenses Section D Self-Sustaining Expenses Section E Budget Data Analysis Section F Supporting Documents Section B Revenue Analysis Section A Overview 2

3. Revenue Sources (in Millions) Total Revenues: $153,972,043 3

4. Revenues FY 2012-2013 School Board’s Adopted FY 2013-2014 Superintendent’s Requested$ Change% Change Local-Schools $1,592,574$2,052,531 $459,95728.88% State $42,950,045$43,319,323 $369,2780.86% Federal $2,935,218 $00.00% Local Transfers $100,106,298 $102,618,995$2,512,6972.51% Use of Fund Balance $2,790,771$2,170,976 ($619,795)-22.21% CIP and Other Transfers$875,000 $00.00% Totals$151,249,906$153,972,043 $2,722,1371.80% 4

5. Use of Fund Balance Current Fund Balance (Unaudited) $7,932,654 Budgeted in FY 12-13 $2,790,771 Anticipated Transfer to CIP (FY 12/13) $2,300,000 Proposed Use in FY 13-14 $2,170,976 Projected Available Fund Balance FY 13-14 $670,907 Fund Balance Percentage of FY 13-14 (As a % of Current Anticipated Revenues) 0.44% 5

6. Where do we Invest Our Resources

7. Superintendent's 2013/2014 Proposed Budget By Type of Expense Total Expenses: $155,444,689 7

8. Drivers of the Superintendent’s Funding Request Student Enrollment Free/Reduced Lunch Students Maintenance of Effort Market Competitiveness

9. Student Enrollment Enrollment is projected to increase by 6.52% (846 students) over the next 5 years.

10. Free/Reduced Lunch Student Trends Free/Reduced trends are based upon a three year weighted average to temper major fluctuations

11. Maintenance of Effort (Page A-19) $3,198,210

12. World at Work estimates a 2.5% compensation increase. Based upon staff recommendations, the Joint Boards adopted a 1% – 2% market adjustment. Classified  2% pay for performance increase  Address position discrepancies identified as below defined market Teacher  Meet competitive market with scale  Maintain anchor point on scale at 0, 10, 20 and 30 years of experience  Meet requirements for one-time state funding Compensation: Market Recommendations

14. Compensation: Teacher Increases

15. Each full-time participating employee will receive:2012-132013-14 Health Insurance Contribution $6,745$7,217 Dental Insurance Contribution $301$322 Health Benefits Summary

16. County Portion of Health Costs over Six Years

17. 5% Employee Share VRS Rates Over Time

18. Changes in Budgeting Practices Lapse Account Realigning Budgets

19. Budget to Budget Current Staff Retirements Resignations Terminations New Staff Savings Within Budget Year Current Staff Retirements Resignations Terminations Time Between Hires Savings Due to Time Savings Due Change in Experience Levels Compensation Lapse Cycles

20. Risk Expectations Lapse Balancing Risk and Expectations Through Lapse

21. Fiscal Year Percent Savings in Salaries and Benefits 2010-20111.13% 2011-20122.30% Proposed Lapse Increase 2013-2014 ($1.5M Increase) 1.16% Balancing Risk and Expectations Through Lapse

22. Budgeting Focus: Reduce the variance between actual and budgeted amounts where it made sense. Outcome: The number of departments and schools that had a variance of greater than 20% was reduced by 60% Realigning Budgets

23. FundActual 12Adopted 13VarianceSups 14Variance W. Albemarle569,607407,439-28.47%569,9140.05% Federal Pgms.925,5071,654,53478.77%995,4107.55% Accomplished by: Transferring Money from Departments into Schools Budgeting Anticipated Carryover to Schools Budgeted Anticipated Donations Realigning Budgets

24. QuestionsQuestions