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January 23, 2014 Georgia Fortunato Superintendent of Schools Slide 2 2014-15 Proposed Budget $52,930,058 2013-14 Adopted Budget$49,609,961 $ Increase$ 3,320,096 % Increase 6.69% Slide 3 Slide 4 Slide 5 Slide 6 Slide 7 Certified Salaries Step & Longevity Only Increase of $215,216 Support Salaries Step & Longevity Only Cost of Step Increases$ 34,669 Administrative Salaries Cost of Living Increase$ 58,230 Slide 8 Negotiations Certified Contract Expires 8/31/14 Support Staff Contract Expires 6/30/14 $400,000 budgeted for negotiations for both groups Slide 9 Slide 10 Slide 11 Slide 12 Slide 13 Self Insured Medical 8% increase $1,178,838 PPACA (Obama Care) increases for 2014-15 not known yet Miscellaneous FICA/FICA Med no rate increase $32,522 Unemployment/ Workers Comp $35,000 Slide 14 Certified Pension 2013-14 Local: 14.86% 2014-15 Local: 16.01% Rates set by State of Rhode Island +1.15% or +$258,158 Private Pension Change in mortality tables = increase in rate More participation = increase in rate 2013-14 actual payment $49,694 over budget amount +7.1% or +$76,913 Slide 15 Slide 16 Tuitions Charter Schools Increase of $473,000 or 1% Vocational Schools Increase of $174,300 Out of District Decrease of $121,000 Offset by $50,000 increase in Purchased Services to support in-district students Slide 17 Slide 18 Slide 19 Slide 20 Transportation Additional bus required for private routes State Spec Ed Transportation Increases +6.2% or +$177,254 Athletic Transportation +$25,000 Spec Ed Purchased Services More students in District Tuition Cost Savings +10% or $50,000 Slide 21 Insurance Property/Liability +$10,000 SIS System Replace current system to provide integrated approach to student information +$6,400 Officials/Referees Increase in games played +$7,500 Maintenance/Repair HVAC Preventive Maintenance and repair +$36,900 Slide 22 Slide 23 General Supplies+$77,000 Supplies for subject areas; includes paper, science kits Athletic Supplies+$28,500 Supplies & Uniforms all sports LHS & LMS Textbooks+$57,000 LHS Social Studies Curriculum Revision; replacements Library Books+$15,000 E books at LHS; small increases at elementary and middle schools Slide 24 Natural Gas+$70,500 Based upon actuals Electricity+$58,000 Based upon actuals Lumber/Hardware+$ 8,000 Aging buildings requiring maintenance Electrical+$ 8,000 Aging buildings with new equipment Custodial Supplies+$15,000 Based upon actuals Gasoline+$ 5,000 Based upon actuals Slide 25 Slide 26 LHS Equipment+$25,000 LCD Projector Auditorium LHS Technology Equip$+36,500 Computers for Film Editing Class Slide 27 Slide 28 Dues & Fees+$11,000 Projected increases in memberships & associations Other Objects+$5,000 Slide 29 Slide 30 Slide 31 Slide 32 Slide 33 Slide 34