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Proposed Budget for Adoption

Fiscal Year 2013-2014

Michael E. Finn, CFO

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• Fund 071 (SEI)has been updated to $526,261 reflecting the most recent information

• Change is highlighted in yellow on page 6

Changes from the Proposed Budget

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Maintenance and Operations

Total M&O Budget $ 185,599,688

• Legislation no longer allows inclusion of ADK Group B Weight for override calculation <$550K>

• Includes 1.8% increase to base level ($2.77M)• Includes $1.2M moved from DAA

Weighted Student Count 46,534.631

• Increase of 178.82 from 2013 May revised budget (69.59 actual student count difference)

• Numbers may change as District reconciles numbers with State

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Other Funds

•DAA (replaces CORL & Soft Capital) $ 6,886,830• DAA generated from ADM = $17,184,516 (without BBCF)• DAA reduction estimate = 10,341,039.16

• ADE estimates reductions of $295 per weighted student count• Number will change with final reduction amounts given after 100th day• $1.2M moved to M&O

•Adjacent Ways $ 2,554,807• No new levy in 2013-14 year

•Building Renewal $ 0• Funding available via grant only

•Bond $ 62,719,423• Includes planned FY14 expenditure amounts from

2002 and 2005 and 2012 bonds

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Other Funds

Current Cash Funds (Tax Credit / Auxiliary / Etc.) $ 12,200,000

Food Service $ 12,650,000

Debt Service $ 24,834,813

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Prop Funds

Classroom Site Fund• Fund 011 – Projected New Funds $

2,605,086Available Carryover Funds $ 0

• Fund 012 – Projected New Funds $ 5,210,171

Available Carryover Funds $ 0• Fund 013 – Projected New Funds $

5,210,171Available Carryover Funds $ 0Menu Items (Normally 30%) Suspended

Instructional Improvement• Fund 021 – Used for Teacher Compensation $ 1,050,000• Fund 022 – Used for Instructional Improvement Programs $ 905,000

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Questions