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SUPERINTENDENT’S BUDGET COMMITTEE

OCTOBER 20, 2022

Dr. John Anzalone,

Superintendent

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Jasen McEathron,

Director of Business Services

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SUPERINTENDENT’S VISION

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Budget

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SUPERINTENDENT’S UPDATE

Dr. John Anzalone

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AGENDA

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  • Welcome (Please sign in)

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  • Introduce Returning and New Committee Members

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  • Call for committee chair(s)

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  • District Superintendent Update

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  • Committee Norms

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  • Budget Cycle/Committee Schedule

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  • 2021-22 Budget Impacts

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  • Budget Outlook

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  • Closing

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COMMITTEE NORMS

  • Develop clearly defined objectives for the committee.

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  • Be prepared to work towards objectives.

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  • Ask questions and be respectful of others’ questions and ideas.

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  • Seek to understand and ask clarifying questions.

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  • Seek agreement on facts and then work towards values.

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  • Maintain a confidential and safe environment.

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BUDGET CYCLE & COMMITTEE SCHEDULE

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THE BUDGET CYCLE 2022-23

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MONTH

KEY DATES & ACTIVITIES

BUDGET COMMITTEE

August

2022-23 Budget Adoption

Budget Adopted 8/22

October

Welcome – Supt’s Guidance

Fiscal Year Closeout

October Enrollment Count

Preliminary Projections

#1 10/21

November

Email update (revenue/expense trends, district updates)

Email update

December

Reconnecting with each other and the budget

Email update

January

Legislative platforms

Looking back to look ahead

Preliminary forecast

#2 1/19

February

Legislative platforms and update

Preliminary forecast

Establishing budget parameters

#3 2/16

March

Staffing updates; Leg update

#4 3/16

April

Staffing; Leg update

Committee budget considerations

#5 4/20

May

Superintendent Recommendation; Contract notification dates; Leg update/impact

Email update

June

Post 2022-23 Preliminary Budget

Adjust for Legislative impacts

Email update

July

Draft 2022-23 budget

Email update

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BUDGET CYCLE & COMMITTEE SCHEDULE

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BUDGET UPDATE

Jasen McEathron

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Director of Business Services

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2021-22 END OF YEAR PROJECTION�AS OF OCT 2022

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Revenues

Local

$20.54M

State

$80.65M

Federal

$7.45M

Other

$.34M

Total

$108.99M

Expenditures

Salaries

$68.96M

Benefits

$26.33M

MSOC

$13.76M

Transfers

$.51M

Total

$109.56M

Fund Balance

Starting FB

$19.04M

Surplus (Deficit)

-$.57M

Ending FB

$18.47M

Ending %

15.78%

Projected to end 2021-22 with a $570k deficit, however:

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    • 2021-22 was last year of significant one-time funding ($2.4M)

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    • In 2022-23, one-time funding is approximately $400k

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ENROLLMENT

  • Several enrollment categories feed into the apportionment model.
  • Below is a generalized view of the model’s enrollment inputs. Each category may have several sub-categories (grade level, program type, etc)

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Enrollment Category 

Budget

Oct Update

% Diff

Basic Ed (FTE)

6800.00

6766.79

-0.49%

ALE (FTE)

129.00

150.50

16.67%

Running Start (FTE)

176.50

172.67

-2.17%

Total FTE (BE with RS and ALE)

7105.50

7089.96

-0.22%

 

 

 

 

SPED (HC)

786

851

8.27%

Transitional Bi-Lingual (TBIP - HC)

326

349

7.06%

CTE (FTE)

435.00

407.75

-6.26%

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2022-23 PROJECTION AS OF OCT

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Budget

Projected

Starting FB

$18.10M

$18.47M

Revenues

$110.80M

$111.05M

Expenditures

$116.55M

$117.09M

Surplus (Deficit)

($5.75M)

($6.04M)

Ending FB

$12.35M

$12.43M

Ending %

10.63%

10.73%

Revenues

Local

$22.53M

State

$85.60M

Federal

$2.93M

Total

$111.05M

Expenditures

Salaries

$74.29M

Benefits

$27.70M

MSOC

$13.93M

Transfers

$1.17M

Total

$117.09M

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2022-23 LEGISLATIVE PRIORITIES

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Apportionment Model

Salary Allocations

Regionalization

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REVENUES

  • Local Tax and Local Non-Tax not adjusted

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  • State Apportionment projection correlates to enrollment

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  • Increases in State Special Purpose Funding driven heavily by SPED enrollment

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REVENUES

 

Budget

Projected

Diff

Local Tax

$17.45M

$17.45M

$.0M

Local Non-Tax

$5.09M

$5.08M

$.0M

State GP

$70.82M

$70.42M

-$.40M

State SP

$14.53M

$15.17M

$.64M

Federal

$2.91M

$2.93M

$.01M

 

$110.80M

$111.05M

$.25M

Does not include contingency

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EXPENDITURES

EXPENDITURES

 

Budget

Projected

Diff

Salaries

$73.90M

$74.29M

$.39M

Benefits

$27.66M

$27.70M

$.04M

MSOC

$13.52M

$13.93M

$.41M

Transfers

$1.17M

$1.17M

$.0M

 

$116.25M

$117.09M

$.84M

  • CERT Salaries increase due to hiring actions
  • CLASS Salaries are on budget, but may increase as hiring gaps close and new positions come onboard.

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  • MSOC costs are generally tracking budget, but limited trend data this early in the FY.

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  • Areas of uncertainty:
    • CLASS Salary Trends
    • SPED Expenditures
    • Will tighten MSOC projections with next month’s data

Does not include contingency

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EXPENDITURE PROJECTIONS

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Budget

Method 1

Method 2

Method 3

$116,253,787

$115,759,985

$116,208,752

$117,090,752

  • Very limited trend data in 2022-23 (1 month)
  • Used three methods to project revenues
  • Method 1: “Forecast5 Method” – Use budget trend (monthly historical %’s) and adjust Sep to actual

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  • Method 2: “Least Precise” – Normalize Sep based on Salary Accrual JV numbers, then extrapolate to a full year based on historical monthly %.

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  • Method 3: “Most Detailed” – Line by Line Analysis (encumbered and/or historical trends)

Does not include contingency

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22-23 ADOPTED BUDGET

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22-23 OCTOBER FORECAST

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CLOSING

  • November/December will be email updates

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  • January 20th is next in-person meeting
    • Focusing on preliminary forecast and upcoming legislative actions

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  • Budget Committee Website
    • Will post meeting materials and models
    • Will send link to site following meeting

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