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SILVER CONSOLIDATED SCHOOLS�BUDGET 2024-2025

MEETING

MAY 7, 2024

4:00 P.M.

BOARD ROOM CENTRAL OFFICE

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EXPENDITURES�SALARIES AND BENEFITS

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    • $17,969,070 Base Salaries

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    • $ 400,000 Substitutes

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    • $ 8,072,704 Benefits

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    • $ 522,883 Increments and Additional Compensation

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    • $26,964,657 Total Salaries and Benefits budgeted

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EXPENDITURES�Utilities

  • Electricity
    • $480,000
  • Natural Gas
    • $150,000
  • Propane
    • $60,000
  • Water, Sewage
    • $285,000
  • Communications & Internet
    • $300,000
  • Supplies/Materials (teachers, secretaries, custodians, sports, activities)
    • $292,580

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EXPENDITURES�Other Expenses

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  • Insurances (Property, General Liability, Vehicles)The total bill is $1,256,231 but the Workers Comp $374,503 is included in employee benefits and the bus insurance $55,461 is in another fund
    • $826,268.00

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  • Student Travel – Hotels and meals for athletic and activity travel
    • $360,430

  • Professional Development-Coaches and Administration (teachers PD is budgeted in Title II Grant)
    • $59,900

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  • Contract Related Services (Ancillary Services-Non Employee)
    • $370,000

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EXPENDITURES�Other Expenses (cont.)

  • NDI & supplies for Drama program
    • $11,630
  • Board Travel, Training and Election Expenses
    • $44,500
  • Audit
    • $30,000
  • Legal
    • $30,000
  • Other Fees and Expenses (Sports, Background) & Dues
    • $235,980

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Other Funding Sources

  • Schools in New Mexico have other funding sources that supplement their operating budget. While these funding streams are needed and very helpful to the school districts, they come with rules on how the funds can be utilized thereby limiting their use. Some of the other funding sources are as follows:

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FEDERAL PROGRAMS

  • Title I
    • 2021 - $1,098,040
    • 2022 - $950,063
    • 2023 - $962,334 plus carryover $467,278.00
    • 2024 - $938,008.35 plus carryover $467,065
    • 2025- $959,257 plus carryover $420,359
  • Title II
    • 2021 - $134,376
    • 2022 – $132,674
    • 2023 - $83,723 plus est. carry over $101,633
    • 2024 - $162,479
    • 2025 - Allocation amount not yet rec’d

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FEDERAL PROGRAMS

  • IDEA-B (Special Ed)
    • 2021 - $891,167
    • 2022 - $600,096 plus est. carryover $257,913
    • 2023 - $698,694 plus est. carryover $338,086
    • 2024 - $739,971 plus est. carryover $361,939.66
    • 2025 - Allocation amount not yet rec’d
  • Rural & Low-Income Schools
    • 2021 - $99,276
    • 2022 - $0
    • 2023 - $163,124 awarded in March 2023
    • 2024 - $116,837
    • 2025 - Allocation amount not yet rec’d

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FEDERAL PROGRAMS

  • Title IV- Student Achievement
    • 2022 -$69,642
    • 2023 - $84,729 plus est. carryover $11,953
    • 2024 - $63,368 plus est. carryover $22,115
    • 2025 - Allocation amount not yet rec’d
  • School Based Mental Health Grant
    • 2023 - $1,210,500
    • 2024 - $1,197,500
    • 2025 - $1,197,500

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STATE GRANTS

  • Pre-K Initiative
    • 2021 - $490,000
    • 2022 - $562,000 (includes $60,000 for transportation)
    • 2023 - $598,410 (includes $60,000 for transportation)
    • 2024 – $746,000 (includes $25,000 for transportation)
    • 2025 - $733.000 (includes $12,000 for transportation)
  • Family Income Index
    • 2022 - $76,171(6th Street Elem)
    • 2023 - $183,976 (HHS)
    • 2024 – $158,266 (HHS)
    • 2025 - $60,020 (6th Street Elem)

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STATE GRANTS

  • Next Gen-CTE funding
    • 2021 - $97,168
    • 2022 - $101,705
    • 2023 - $33,456
    • 2024 - $123,251
    • 2025 - Allocation amount not yet rec’d
  • Innovation Zone-CTE Grant
    • 2023 - $510,214
    • 2024 – $400,000
    • 2025 - $380,000 (Application for SHS and CHS)

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STATE PROGRAMS

  • These funds are generated from property taxes and are used to maintain our facilities and technology district-wide
  • HB 33 Funds
    • 2021 - $876,824
    • 2022 - $883,974
    • 2023 - $838,571
    • 2024 - $924,655
    • 2025 - $955,388
  • SB 9 Fund
    • 2021 - $1,169,099
    • 2022 - $1,098,250
    • 2023 - $1,112,147
    • 2024 - $1,213,822
    • 2025 - $1,378,379

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Future Concerns

  • Silver Schools aims to create a positive, safe environment that will allow all of our students to learn and grow.
  • This year we will be purchasing adopted science textbooks
  • CTE is a major focus for our secondary students with grants

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QUESTIONS????

  • What do you think needs attention?
  • What are we missing?

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Thank you for attending this presentation. Please email me with questions and/or concerns and I will do my best to provide answers.

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mmccain@silverschools.org