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Douglas County School District Re. 1. Fiscal Year 2013 Budget Revision & Budget Update. January 15, 2013. Requested Board Action. For Approval and Adoption: FY 2012 - 2013 Revised Financial Plan & Budget – All District Funds: Budget Resolution Appropriation Resolution - PowerPoint PPT Presentation
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Douglas CountySchool District Re. 1
Fiscal Year 2013
Budget Revision & Budget Update
January 15, 2013
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Requested Board Action For Approval and Adoption:
FY 2012 - 2013 Revised Financial Plan & Budget – All District Funds:
Budget Resolution Appropriation Resolution Resolution Authorizing the Use of
Beginning Fund Balance
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FY 2012 Versus FY 2013Student Counts
• Increase in FPC (Funded Pupil Count) and Enrollment• FY 2012 Enrollment: 63,115
Funded Pupil Count: 59,237
• FY 2013 Enrollment: 64,657
Funded Pupil Count: 60,823
Increase of 1,542 Students and an FPC of 1,5863
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Item Description Adopted Revised Change
Property Tax Revenues $125.5 M $125.1 (0.4 M)
State Equalization Revenues 257.6 M 254.8 M (2.8 M)
Charter School Purch Srvcs Revenue
4.7 M 3.7 M (1.0 M)
Charter School Payments 66.0 M 61.0 M 5.0 M
Extended Severance and $125/Student
10.7 M 11.2 M (0.5 M)
Total FY 2013 Net Change$0.3 M
FY 2013 Revised General Fund Budget Changes
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Item Description Adopted Revised Change
Total Budgeted Expenditures
462.7 M 481.5 M $18.7 M
FY 2013 General Fund Expenditures
Revised Versus Adopted Budget
Increase in budgeted expenditures due to:• $11.1 M of school/dept carry over from adopted,• 1% additional retention stipend, and• $75/student more allocated out to all schools
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FY 2012 General Fund Fund Balance
Increase of $13.3 M over FY 2011
Cost of Business Budget Lines $11.0 M
Elimination of Risk Fund Transfer Increase 1.0 M
Property Tax Revenue Increase 1.3 M
Total Fund Balance Increase $13.3 M
Spent by October, FY 2013
School Discretionary Funds ($125/Student) $6.4 M
2% Retention Stipend 5.6 M
Unassigned Fund Balance Increase Fm Projection
2.4 M
Total Increase Accounted For $14.4 M
FY 2013-2014 Budget Update
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• Pupil Counts – Projections complete January 31, 2013
• Budget Priorities• Increase $s to our schools• Increase compensation to our employees
• Governor Hickenlooper’s Proposal• Legislative Action
• FY 2013 Supplemental• FY 2014 School Finance Act