FY07 3rd Quarter Expenditure Report

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FY07 3rd Quarter Expenditure Report

• May 10, 2007

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FY07 Third Quarter Report
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FY07 Budget Reduction Actions

• Immediate Action Administrative Freeze
• 2.0 FTEs
• 70K
• Review and Freeze all other accounts
• Review vacancies as they arise, reduce overtime,
  additional compensation, substitute usage,
  contracted services, and supply material review
• Review one-time revenue supplement
• Review reserve fund transfer request

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FY07 Third Quarter Overview
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Actions Taken through Budget Freeze
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Third Quarter Special Education Changes
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Circuit Breaker Funding

• Funding for high cost special education
  services through Circuit Breaker began in FY04
  as a state budget line item replaced 50/50
  program.
• Circuit Breaker was the first significant
  increase to Special Education funding, by the
  state, since Education Reform.
• For FY07, Circuit Breaker funding after audit is
  estimated at 2.0M. Budget is currently set at
  1.9M. This projection presumes Budget increase
  to 2.0M.

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Private Placement Costs 50/50 and Circuit Breaker
FY02 and FY03 State Funding 50/50 FY04
FY07 State Funding Circuit Breaker
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Special Education Instructional Aides carried in
General Fund
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Six Year Expenditure Growth TrendFY01 FY07
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Kindergarten Enrollment
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Enhancements/Enrollment Adjustments
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Target Step Increase / Leaves / and New Hires
Target new hire was 47,500 actual new hire was
47,785. Average savings per new hire 16,567.
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Revolving Funds Overview Issues

• Adult Education
• Expected Operating Deficit for FY07, FY06 Deficit
  162K
• Covered by Fund Balance 338K
• Not a strategy that is sustainable
• School Athletics
• Small Fund Balance 20K
• Challenged by Costs, Insurance/Transportation
• Early Childhood
• Small Fund Balance 8K
• Projecting Operating Budget Deficit in 105K
  Range by Year End - General Fund Subsidy 285K
• Revenue down due to Scholarship students

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Revolving Funds Overview

• School Food Service
• Break/Even Performance - First time since FY04
• Need to payoff 433K deficit remaining from
  FY96-FY99
• BHS School Restaurant
• Generating Funds for Career/Education Programs
• Surplus each year FY05 FY07
• BHS Summer School
• Stabilized with 30K from General Fund

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Average Class Size (K-8) Annual Trend