1	Maries County R-II Budget Review Financial State of the District Presented by Zachary J. Templeton Ed.D.
2	General Information about Budget Assessed Valuation: $55,902,904 Tax rate: $3.3091 ($1.85 million revenue) Revenue Mix (2008) 49.2% Local 41.7% State 9.1% Federal Around $7 to $7.5 million annual budget 131 Total employees (78 certified/53 non-certified) $5,388,391 in salaries/benefits in FY09 (71.1%) Over $4 million in certified salaries/benefits (52.8%) Approx. 1.4 million in non-certified salaries/benefits (18.3%)
3	Current Budget Year Fiscal year 2010
4	Current State of District Finances Beginning Balances as of June 30, 2006 Local Effort to avoid deficit spending State of Missouri American Recovery and Reinvestment Act Title I-$94,884 new money over two years IDEA-$199,776 new money over two years
5	District Balances from ASBR (2005-2009)
6	Reserves Current Budget projections (115,000) with out one time money Nearing Financially Stressed Status (DESE) 3% About $220,000 Monthly Payroll alone is about $350,000 Monthly State Payment varies but is about $330,000 on average
7	FY10 Expenditure Cuts Vocational Grants $10,000 Furniture/Equip/Supplies $59,700 Elimination of Bus Routes (salaries)* $35,000 October Staff Cuts $34,000 Board Paid Dental (Jan 2010) $14,500 Total this year to date $153,200 *associated cost increases/revenue increases
8	State Funding Cuts $15.8 million in new transportation money for FY10 has been cut $3 million from MORENET $2.3 million from virtual education Sales tax estimate have been reduced Prop C More to come???
9	Bridging the Gap with Stimulus (ARRA) FY10 Utilize half of the Title I stimulus funds available (approx. $50,000) Added Title I at the Middle School which generated additional funds Restrictions on the use of funds Utilize half of IDEA stimulus funds available (approx. $100,000) Maintenance of Effort FY11 Same plan as FY10 FY12 No Stimulus money for programs already in place
10	Next Years Budget Fiscal Year 2011
11	State Funding Levels Governor Nixon used $766 million to balance the FY 2010 general fund revenues with proposed expenditures. The State was about $236 million in FY 2009 below the revised consensus revenue estimate of -4%. Therefore the GR hole is roughly 1 billion dollars in the FY 2010 budget absent the federal stimulus dollars. The exact amount of the hole is difficult to quantify because some budget actions are being taken through withholdings, not vetoes or core cuts (yet).
12	Impact on Public Education Cuts/Withholdings are very likely Career Ladder Transportation School Lunch Program Foundation Formula Maries County R-II State Revenues $2.8 million (estimate) 5% reduction in funding $140,000 lost revenue 10% $280,000 lost revenue More??? ??? lost revenue
13	District Plan for FY11 Minimum of $200,000 net effect on FY11 budget Two means to achieve goal Expenditures FY10 cuts thus far: About $50,000 FY11 would require $150,000 in additional cuts Personnel Revenues Voter approved Levy increase Combination?? Will it be enough?? $300,000???
14	Reducing Expenditures Categories Certified Staff (MSIP standards) Elementary Teachers/Counselors/Administrators (k-5) Secondary Teachers/Counselors/Administrators (6-12) Classified Staff Aids/paraprofessionals Clerical/secretarial Operation of Plant (maintenance/custodial) Other Programs Co-curricular Extra-curricular Employee Benefits Transportation In-town pick-ups
15	Raising Revenue Only one way to do it! Taxes. A one cent increase amounts to about $5,600 in revenue A $0.36 increase in the tax levy would generate a little over $200,000 in revenue Example: A $100,000 true market value house would require an additional $68.40 per year. $5.70 per month or one trip to McDonalds
16	Short History of Deficits Handout 2006-07 $2,900 Increase in base salary Failed Tax Levy (four times) Note transfer of retirement costs into Fund 2 $193,656 Loan payment 2007-08 $500 Increase in base salary ~ $44,000 Increase in Healthcare costs Roll back of tax levy 2008-09 $500 Increase in base salary ~$95,000 Increase in Healthcare costs
17	District Comparisons (2008-09)
18	District Comparisons (continued)
19	Do We Pay too Much?
20	Where to find More Information www.dese.mo.gov Go to web applications Click on Public Applications Click on Annual Secretary of the Board Reports-District Select district code 063-067
21	Public Participation Questions about the presentation Volunteer to serve on a Committee Sign up before you leave