HomeMy WebLinkAbout04242012 SCHOOL BOARD PRESENTATION TO COUNCIL
Mr. Dan Edwards
School Board Chairman
April 24, 2012
Schools' Funding Cliff –2012/13
$34.2M
+$9.3 M
TOTAL
+$1.7 M
Risk Mgmt.
FUNDING CLIFF
+$5.3 M
($5.5 Million) &
Composite
Tech. Funds
+$4.6 M
Index Hold
($3.8 Million)
Supplemental
Harmless
$13.3 M
Support for
Positions (85)
Schools
Funded with
Operating Cost
Special School
Fed-Ed Jobs
Reserve
Money
Schools' Funding Cliff –2013/14
……. Based on City Manager’s Budget….
Special School Reserve$11.0M
City Fund Balance$9.2M
TOTAL $20.2M
Composite Index of Local Ability to Pay
VB Schools –Local Composite Index
-$28.7 Million
State Funding Loss
(Annually)
LCI Adjustments
2006-08
2006-082006-08
LCI 0.3492
LCI 0.3492LCI 0.3492
2008-20102008-20102008-2010
LCI 0.3704LCI 0.3704LCI 0.3704
2010-122010-12
LCI 0.4060LCI 0.4060
2012-14
LCI 0.4110
Historical Operating Budget
SB Budget
Funding Target
VB Schools –Budget Drivers for
FY 2012/13
Increase in VRS Rate $25.1 M
•
Increase in VRS Life Rate$ 3.6 M
•
Increase in Employee Health$ 6.4 M
•
Care Plan Costs
FY 2012/13 Budget
From SEON to Today –4/24/12
670,000,000
662,322,416
660,000,000
($15,526,087)
661,652,859
Additional
Revenue
650,000,000
Needs
646,796,329
640,000,000
630,000,000
625,275,274
620,000,000
620,819,810
610,000,000
600,000,000
SEONSB ProposedRevised Deficit
ExpenditureRevenue
Items Restored to the
SB Proposed Budget
Employee Hold Harmless$11.4 M
•
Convert all HS to 4x4 (reduces teaching positions)$8.2 M
•
Employee Furloughs (3 days)$7.0 M
•
Increase class-size (K-12) by ½ student $4.9 M
•
(reduces teaching positions)
Convert from Middle School to Junior High Model$4.4 M
•
(reduces teaching positions)
Eliminate Academy Transportation$2.9 M
•
Raise (½%)$2.3 M
•
Eliminate MS interscholastic athletics & HS JV pgm.$1.9 M
•
Eliminate MS/HS non-required Summer School$0.9 M
•
Items NOT Restored to the
SB Proposed Budget
Cut all non-personnel line item budgets by 2%$1.4 M
•
(total of 10% over past 4 years .. Includes fuel/utilities)
Custodial Allocations (reduces 16 positions)$0.5 M
•
Permanent Substitutes$0.5 M
•
Central Office Positions (reduces positions)$0.4 M
•
(eliminates one Ass’t Supt and 3 other)
Professional Development$0.3 M
•
Travel$0.3 M
•
Ropes Course$0.2 M
•
Tuition Reimbursement$0.2 M
•
Critical Unfunded Needs
Full-day Kindergarten
$11.6 Million
Unified Scale Adjustment
$6.8 Million
General Assembly End Game
VRS
?
Employee Pay Raise/Contribution
?
Phase-in = 1%-5%
•
Impact (benefits) $800,000 per 1%
•
Minimum $800,000/maximum $4 Million
•
Rate Increase
?
6.33% > 11.66%
•
Impact = $25.1Million
•
Additional Funds
?
Net $2.7Million for additional assistance with
?
retirement, inflation, and preschool costs
CIP -Historical/Projected Funding
70
60
50
Millions
40
Other
30
State Lottery/Grants
PAYGO
Sandbridge TIF
20
Debt
10
0
Capital Improvement Plan
Modernization/Replacement Delays
Proposed OpeningRevised Opening
(2008-2009CIP)(Current CIP)
20132014
Kellam High School
--------2016
ODC/KempsLanding
Consolidation
20162018-19
J. B. Dey Elementary School
2015TBD
Princess Anne Middle School
2018TBD
Princess Anne High School
2015TBD
Thoroughgood Elementary
Concerns
Adequate Restoration of Funds
?
Formalizing request tonight via School Board Resolution
?
On-going Revenue for On-going Expenses
?
Revenue-sharing Formula
?
Use revised version to include all revenue streams
?
All can share in success
?
Lump Sum Appropriation
?
Stop penalizing good behavior
?
Education as a Priority
?
Continue collaboration versus conflict in budget end game
?