Lake County Schools

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• Lake County Schools
• An A District
• 2009-10 Preliminary Budget Considerations
• February 16, 2009
• Dr. Susan Moxley, Superintendent
• Carol MacLeod, CFO

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What did we expect for 2009-10?

• As Discussed on January 2, 2009
• At Current Enrollment Figures
• 12 State 15,460,971
• (6 Total FEFP)
• 10 State 12,884,143
• (5 Total FEFP)
• 8 State 10,307,314
• (4 Total FEFP)
• In addition, we discussed that Tallahassee has
  suggested that Ad Valorem collections could be
  down by at least 4 for 2009-10 which could
  amount to 4,999,334.

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What do we NOW expect for 2009-10?

• Recent speculation based on continuing declines
  in the revenue estimates now indicate that the
  potential State funding cuts could equal a 15
  reduction for 2009-10
• Which for Lake County Schools, at the current
  enrollment levels, would total a reduction of
  19,326,214

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2009-10?Revised for 15 Reduction
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Total Revenue Reduction Estimates

• In addition to the potential cuts in State
  Funding, we also must consider other increases
  which will have to be addressed to fully
  recognize the total of the potential revenue
  reductions.

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Potential Revenue Reductions
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Budget Reduction Considerations
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Budget Reduction Considerations
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Budget Reduction Considerations
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Budget Reduction Considerations
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Budget Reduction Considerations