FY0910 PROPOSED GOB BALANCED BUDGET MODEL

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FY09-10 PROPOSEDGOB BALANCED BUDGET MODEL

• May 14, 2009

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RSMo 67.010Annual Budget Compliance Requirements
In no event shall the total proposed expenditures
from any fund exceed the estimated revenues to be
received plus any unencumbered balance or less
any deficit estimated for the beginning of the
budget year.

• The annual budget presents a complete financial
  plan and includes the following
• Important features and major changes from the
  preceding year
• Projected revenues and expenditures from all
  sources with a comparative statement for the two
  preceding years, itemized by year, fund, source
  and activity
• Interest, amortization and redemption amounts due
  on debt funds
• A general budget summary

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Fiscal Year 2009-10 Executive Summary

• The Fiscal Year 2010 budget includes several base
  assumptions
• No deficit spending
• School closing savings of 12.2M1
• Magnet schools staffed better than the MSIP
  desired ratios (currently underfunded)
• Student enrollment projected at 24,9542 vs.
  25,906
• Preschool _at_ 1,1162 vs. 1,432
• K-12 _at_ 23,8382 vs. 24,474
• 1 - Continuation of school(s) for alternative
  education not included
• 2 Source, Planning Dept., April 17, 2009

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Fiscal Year 2009-10 Executive Summary

• The Fiscal Year 2010 budget is marked with
  several challenges and key issues
• Projected revenue 289.0M1
• Revenue down 17.0M
• Current/Delinquent Taxes (2.0M)
• Prop C (1.0M)
• VICC (1.0M)
• Basic Formula (11M)
• ERATE (1.5M)
• Medicaid (.5M)
• 1Includes potential 3.0M DESE funding increase

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Fiscal Year 2009-10 Executive Summary

• The Fiscal Year 2010 budget is marked with
  several challenges and key issues
• Budget gap of 53.0M
• FY09-10 projected enrollment to decrease by 9521
  compared to April 16, 2009 enrollment
• Charter enrollment projected to increase by 1,000
  (10)
• 1 - Decrease based on enrollment as of April 16,
  2009

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Two-Year Budget Comparison (M)

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(No Transcript)
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Three Year Revenue Summary
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Fiscal Year 2009-10 Budget Gap
Recommendations (M)
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FY09-10 Budget Risks

• Revenue Estimates1
• Enrollment SLPS Charter Schools
• VICC Local Effort and Special Education
• Legal Settlements
• Transportation
• Energy Costs
• Stimulus Plan
• 1 - Based on current information

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District Stimulus/Non-GOB Plan

• Title I FY10 Regular Allocation 20.1M
• Title I FY10 Stimulus Allocation 14.0M
• Title I Total 34.1M
• GOB Leveraged 6.1M
• Special Education FY10 Regular Allocation
  7.7M
• Special Education FY10 Stimulus Allocation
  8.5M
• Special Education Total 16.2M
• GOB Leveraged 8.5M

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FY09-10 Revenue Opportunities

• Increase Student Attendance
• Tax Rate Increase
• Stimulus Construction Bonds

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Fiscal Year 2009-10

• Other Cost Saving Options
• Salary Reductions
• Increase Employee Retirement Contribution
• Reduce Health Care Costs
• Reduce Number of Workdays
• One-time Revenue
• Desegregation Fund Flexibility
• No Tax Increase Bond
• Additional Building Sales (1M assumed)