1. Community Budget Presentation 2014-2015 April 2014

2. Objectives: Participants will understand: …the positive trends in the 2014- 2015 budget …the range of possible outcomes …the proposed additions …next steps and timeline for the budget process

8. Stability of Projections Second year of biennium (budget appropriation already set) Legislature not in session Stable economic forecasts Employee agreements settled through 2015-16 *Constant ongoing adjustments by ODE

11. Centennial Revenue Increase in K-12 Funding in 2013-15 Biennium $100 million additional K-12 Funding in 2014-15 Change in poverty calculation Increasing enrollment Assessed value increasing

12. Comparison Resource2013-20142014-2015 Formula Grant$50,730,000$55,130,000 INCREASE:$4,400,000

13. Comparison Resource2013-20142014-2015 Formula Grant$50,730,000$55,130,000 Other Revenue$ 1,490,000$ 1,830,000 INCREASE:$4,740,000

14. Comparison Resource2013-20142014-2015 Formula Grant$50,730,000$55,130,000 Other Revenue$ 1,490,000$ 1,810,000 Beginning Balance$ 3,050,000 (5.6%)$ 2,010,000 (3.4%)

15. Comparison Resource2013-20142014-2015 Formula Grant$50,730,000$55,130,000 Other Revenue$ 1,490,000$ 1,810,000 Beginning Balance$ 3,050,000 (5.6%)$ 2,010,000 (3.4%) Total:$55,270,000$58,950,000 INCREASE:$3,680,000

17. 2014-2015 Budget Increased Revenue of ~$3.7 million Increased Costs of ~$3.025 million Available for Addition: ~$675,000

18. Process for Determining Additions Community survey (2012-2013) Feedback from multiple community and staff groups (Fall 2013) Budget committee reviewed and developed priorities

19. Areas of Priority for the 2014-2015 Budget Staffing patterns to achieve lower class sizes at all levels with an emphasis on primary to keep student achievement on track High quality curriculum, assessments and professional development which are aligned with common core state standards, along with high quality technology and facilities. Instructional supports and early interventions to support lagging students Family supports and education that keeps them engaged in their child’s progress and improves attendance. Welcoming, safe, clean schools for students and staff and respect for all of our diverse cultures.

20. 2014-2015 Proposed Budget Additions Position additions are assigned in budget proposal to achieve a balanced budget but are subject to change. Final position additions will be identified based on budget proposal feedback and updated projections prior to final adoption of budget.

21. Next Steps Budget Presentations and community input Allocate staff according to updated enrollment (May) Board adopts 2014-2015 budget in June Date April 2Initial Budget Committee Presentation April 17Community Budget Presentation April 3 – May 6 Administrator Present Budget Message to Staff and Community May 7Community Budget Forum May 21Budget Committee Meeting Email: budget@centennial.k12.or.us