4/29/2015 2015-16 Preliminary Budget and Four Year Plan Update April 29, 2015 1 General Fund Budget Update Compared to the current year’s adopted budget the General Fund Budget is increasing: • $19.2 million to $825.8 million (inc. of 2.3%) • 260 Full Time Equivalents (FTEs) Of which: • 159 are Teachers • 88 are Teacher Aides and Assistants • Met the goal of increasing resources to schools 2 1 4/29/2015 General Fund Budget Priorities • Budget Priorities were set early in the process and have been included in the Preliminary Budget • • • • • • Expansion of Emerson to an Annex – 18 FTEs & $1.4m Establish a Newcomer Academy – 21 FTEs and & $1.6m Compliance with Commissioner’s Regulations, Part 154 for English Language Learners – 24 FTEs and $1.1m Phase in of the Physical Education Plan – 11 FTEs and $1.1m Retain Instrumental Music Teachers previously funded by the City of Buffalo – 5 FTEs and $.4m (maintains instrumental music at least two periods per cycle in 21 elementary schools) Fund the additional in-school special education positions – 163 FTE’s and $11.8m Total Investment in Instructional Initiatives: 242 FTEs & $17.3m 3 General Fund Budget Priorities • Total Budget increased $19.2 and 260 FTEs • Total Investment in Instructional Initiatives: 242 FTEs & $17.3m • Remaining $1.9m breaks down as follows: • $1.1 million on unfunded mandates and grant expirations pertaining to Out-of-Time Schools, APPR and School Reviews • $.8 million net changes in all other categories (transportation, utilities, student tuition) 4 2 4/29/2015 Breaking Down the $825.8m Budget General Support, $10.6, 1% 2015-16 Proposed Budget Expenditures By Functional Category Total $825.8m Special Items, $4.1, 0% Instructional Administration, $5.5, 1% Retiree Health Insurance, $68.5, 8% Facilities & Central Services, $64.3, 8% Student Instruction & School Based Support, $390.0, 47% Debt Service & Transfers, $121.9, 15% Transportation, $57.3, 7% Charter Schools, $103.6, 13% 5 Breaking Down the $825.8m Budget 2015-16 Proposed Budget: 4,441 Full Time Equivalents By Functional Category Facilities & Central Services 6% Transportation 1% General Support 2% Instructional Administration 1% Student Instruction & School Based Support 90% 6 3 4/29/2015 Four Year Projections • Plan was submitted April 27, 2015 • Based on the Preliminary Budget, 2016-17 through 2018-19 show small surpluses from $4.7m to $11.7m • • This is the first time since 2008 that surpluses have been projected Assumes minimal state operating aid increases (2%) and conservative cost increases 7 Next Steps • Budget Workshop with the Board Thursday April 30th • Common Council Hearing Thursday May 7th – 6 pm • Budget adoption scheduled for May 13th • Cost saving reviews under way will continue into 2015-16; allowing the opportunity for additional investment in priority areas during 2015-16 or with the 2016-17 Budget 8 4 4/29/2015 Questions? 9 5
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