Download - Appoquinimink School District
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Appoquinimink School District FY2009 Budget - Preliminary
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ASD FY2009 Preliminary Budget
• Process and timeline
• Principles
• Major changes from FY2008
• The budget
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Process and Timeline
• Start with FY2008 final
• April – budget meetings
• May – forecast revenues, final expenditures
• June – present preliminary budget to Board
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Process and Timeline
• July – FY begins (1 Jul – 30 Jun)
• October – unit count finalized
• December – prepare final budget
• January – present final to Board
• April – cycle starts again
• Year-round – monitor, monthly reports
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Keeping the budget balanced is a continuous process
Local TaxForecasts/
Actuals
State andFederal
Forecasts/Actuals
OperationalNeeds
School andProgram Needs
Process and TimelineR
even
ues
E
xpen
ditu
res
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Budgeting principles
• Balanced budget – total revenues equal total expenditures
• Build the reserve
• Preliminary budget must conservatively forecast revenues, especially in a lean year like FY2009
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Major changes from FY2008
• Major capital
• State budget cuts
• Carryover not budgeted as a revenue category
• Choice and charter accounted for as an offset to revenue
• State-approved budget format
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Major changes – Major Cap
• Went from $22.3M in FY08 to $16.9M in FY09
• … then back up to $25.9M
• Good news – bond bill
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FY09 Bond Bill Appropriations
Project State Local TotalBunker Hill ES 15,050,800 0 15,080,800
Renov/Add MHS 438,100 162,000 600,100
Renov RMS 555,600 205,400 761,000
Renov MMS 40,200 14,900 55,100
BME Serving Line 56,700 21,000 77,700
Renov SLE 260,600 96,400 357,000
Renov CLE 4,785,700 1,770,100 6,555,800
Renov/Add MHS 1,752,400 648,200 2,400,600
TOTALS 22,940,100 2,918,000 25,858,100
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Major changes – Budget Cuts
• Four funds – Extra Time, Extra Time Reading, Teacher to Teacher Instructional Cadre, and Discipline Part 2 – have been eliminated
• In their place, one fund – Student Success Block Grant – has been created and made part of the Consolidated Grant
• In total, reduced $501,786 (aggregate) for Appoquinimink
• This will impact instruction. We are minimizing the impact through setting priorities as part of the Consolidated Grant application
• Tuition reimbursement (State funds) for teachers eliminated
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Major changes from FY2008
• Carryover not budgeted as a revenue category
• Choice and charter accounted for as an offset to revenue
• State-approved budget format– Revenue (summary view)– Pulling out categories of expenditures
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REVENUE BUDGET
State Funds (Div I/II/III/Other) 58,461,528
Local Funds
Current Operations
Tuition
Minor Cap
Debt Service
Other Local
14,570,000
4,600,000
721,931
5,924,000
1,612,500
Federal Funds 2,156,020
Construction (State + Local) 16,901,700
Debt Service State Share 2,226,634
Minor Cap State Share 449,934
TOTAL 107,624,247
FY2009PreliminaryBudget
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72%
26%
2%
STATE77.5M
FEDERAL2.2M
LOCAL27.9M
Major Revenue Sources FY2009
TOTAL107.6M
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EXPENDITURE BUDGET
Operating Budget 35,169,677
Division I 40,124,351
Tuition In-State Tuition/Priv Plmt ILC, DFP, PreK
1,500,0002,450,000
Federal Funds 2,156,020
Major Capital Improvements Debt Service Construction
8,150,63416,901,700
Minor Capital Extra Time Local Minor Capital Imprvments Technology Local
180,883749,890241,092
TOTAL 107,624,247
FY2009PreliminaryBudget
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Looking forward to another great year!