2012/2013 2013/2014 Biennial Budget Public Hearing May 3, 2012 - PowerPoint PPT Presentation

2012/2013 – 2013/2014 Biennial Budget Public Hearing May 3, 2012

National Level • Slow economic recovery Sl i • Governments lag in economic recovery • National Unemployment Rate - 8.6%

“If you account for inflation the If you account for inflation, the state’s general-fund revenue is $1 billion less than it was five years ago when the state had fewer people and when the state had fewer people and was economically stronger - $1billion – and demand for government services has surged ” government services has surged. Hickenlooper, Denver Post

Colorado – State Level Colorado State Level • Unemployment 8 3% Unemployment 8.3% • Assessed valuation decline of 5% A d l i d li f 5% • Budget Pressures – Growing student population G ow g stude t popu at o – Changing student demographics – Significant increase in Medicaid demands Significant increase in Medicaid demands

FY2012-13 FY2012-13 State Bud State Budget Assumptions et Assumptions – K-12 -12 Estimated Estimated Total Total % Chan Change Incr Increase ase Pupil Growth Pupil Growth 9 027 9,027 817 185 817,185 1 1% 1.1% At-Risk Growth 3,326 295,932 1.1% Inflation 3.7% NA Base Per Pupil p $208.49 $ $5,843.26 $ , 3.7% Funding Pupil Estimates provided to CDE by Legislative Council

State of Colorado 20 12/ 20 13 Major Departm ent Share of General Fund Higher Education Education Human Services H S i 8% 9% Health Care All Other Policy & 11% Financing a c g 25% Corrections K-12 Education 9% 9% 38% Source: G0vernor's 2012/ 2013 Budget Request February 2012

Total Program and Negative Factor • Once Total Program is calculated, the Negative Factor is Applied • 2010-11 – 6 4% • 2010-11 – 6.4% • 2011-12 – 12.9% • 2012-13 – 16.1%

FY2012-13 W FY2012-13 With Additional Fundin th Additional Funding 2012-13 Estimate with Additional Funding Total Program prior to Negative Factor $6,302,403,884 (Growth & Inflation) ($1,011,518,997) Negative Factor $ $5,290,884,887 Revised Total Program -16.1% Negative Factor Percentage $6,474.24 Average Per Pupil Funding *Per Supplemental Bill – HB12-1201

State of Colorado Total Program K-12 Education Funding Gap represents represents G Gap represents t negative The actual funded Total Program has declined rescissions and factor of $7,000 more than 5% from the high in 2009/ 2010. legislative actions . 16.1% $6 000 $6,000 $5,000 lions unts in Mill $4,000 $3,000 Am ou $2,000 $1,000 $0 2012/ 2013 2008/ 2009 2009/ 2010 2010/ 2011 2011/ 2012 Budget Actuals Actuals Actuals Estimate Request Fully Funded Total Program $5,354.8 $5,717.3 $5,822.3 $6,006.9 $6,302.4 Total Program Less $5,347.3 $5,586.1 $5,439.9 $5,232.4 $5,290.9 Rescissions/ Legislative Actions

Proposed Budget g

 86,000 students served ,  33 rd largest district in nation  33 largest district in nation  535 000+ Stakeholders  535,000+ Stakeholders  14 000 f ll  14,000 full and part time employees d t ti l

2012/2013 – 2013/2014 Proposed Budget Book • On-Line - 300+ pages On Line 300+ pages • Introductory Section • Organizational Section i i l i • Financial Section • Informational Section Government Finance Officers Association S State Statute S

2012/2013 – 2013/2014 Proposed Budget • The Process – Page 15-17 The Process Page 15 17 – Community engaging – Education – information - context Education information context – Stakeholder participation – Collaborative – Employee Summit C ll b ti E l S it Board Leadership

2012/2013 – 2013/2014 Proposed Budget Book d d k • Transmittal & Introduction • Appropriation by Fund – page 37 • General Fund Summary – pages 60 - 61 y p g • Staffing – pages 274 - 281

General Fund Revenues

General Fund Revenue Impacts Planned 2009/2010 2010/2011 2011/2012 2012/2013 Total Program prior Total Program prior $575M $577M $587M $607M to negative factor and/or rescission Negative factor ($13M) ($38M) ($76M) ($98M) and/or funding rescission Negative factor and/or funding -2.3% -6.6% -12.9% -16.1% rescission rescission percentage Total Program $562 Total Program $562M $539M $511M $509M $539 $511 $509 received

General Fund Revenue Impacts Planned 2009/2010 2010/2011 2011/2012 2012/2013 Total Program prior Total Program prior $575M $577M $587M $607M to negative factor and/or rescission Negative factor ($13M) ($38M) ($76M) ($98M) and/or funding rescission Negative factor and/or funding -2.3% -6.6% -12.9% -16.1% rescission rescission percentage Total Program $562M $539M $511M $509M g $562M $539M $511M $509M received

General Fund Revenue Impacts Planned 2009/2010 2010/2011 2011/2012 2012/2013 Total Program prior Total Program prior $575M $577M $587M $607M to negative factor and/or rescission Negative factor ($13M) ($38M) ($76M) ($98M) and/or funding rescission Negative factor and/or funding -2.3% -6.6% -12.9% -16.1% rescission rescission percentage Total Program $562M $539M $511M $509M g $562M $539M $511M $509M received

Jeffco's Total Per Pupil Funding $8,000 7,070 6,637 6,704 $7,000 6,502 6,309 6,309 6,152 $6,000 $5,000 $4,000

General Fund Revenue Impacts • Total Pr Total Program Dec ram Decline ine $66M 66M • Total Pr Total Pr Total Program Dec Total Program Dec ram Decline ram Decline ine ine 11% 11% 11% 11% • Enr • Enr Enrollment Dec Enrollment Dec llment Decline llment Decline line line 584 584 584 584 • Enr E E nroll l ll llmen ment D t Dec t D D ecli li line ne <1% <1% <1% <1%

General Fund Expenditures

History of Reductions, Savings & Efficiencies Efficiencies • 2009/2010 - $11,892,000 • 2010/2011 - $13,815,000 $ , , • 2011/2012 - $37,467,800 $63 $63 $63 174 $63,174 174 800 174,800 800 800 Expenditure reductions, savings and efficiencies have impacted bottom line expenditures and offset other required increases. q i d i Financial Services

2012/2013 Budget Balancing Efforts d l i Eff • $5M Continued 3% reduction in Compensation p • $5M Additional Funds from Rainy Day Fund $5M Additional Funds from Rainy Day Fund • $3M Reduced Transfer to Capital Funds • $3M Reduced Transfer to Capital Funds • $7M Reductions from Central Administration and $7M R d ti f C t l Ad i i t ti d Support Services Financial Services

Public Hearing Public Hearing B Board Direction & d Di ti & Board Approval

General Fund General Fund Total Total Total Proposed Fund Appropriation Appropriation 20 11/ 20 12 20 11/ 20 12 20 12/ 20 13 / General Fund General Fund $619 607 500 $619,607,500 $605 180 900 $605,180,900  Assumptions - page 46-47  $15M in Reductions – 31.5 FTE $ 5M educt o s 3 .5 E  $22.5M Rainy Day Funds

Capital Projects Fund – page 213 Capital Projects Fund page 213 Total l Total Proposed Fund Appropriation Appropriation Appropriation 20 11/ 20 12 20 12/ 20 13 C Capital Reserve it l R $31,488,700 $30,951,500 Fund

Debt Service Fund Debt Service Fund – page 217 page 217 Total l Total Proposed Fund Appropriation Appropriation Appropriation 20 11/ 20 12 20 12/ 20 13 D bt S Debt Service i $74,099,600 $72,702,400 Fund

Special Revenue Funds – page 223 Special Revenue Funds page 223 Total Total Total Proposed d Fund Appropriation Appropriation 20 11/ 20 12 20 12/ 20 13 20 12/ 20 13 Campus Activity $23,802,600 $23,802,600 Fund Fund Grant Fund $43,151,800 $47,384,100 Transportation $20,403,600 $21,405,500 Fund

Enterprise Funds – page 231 Enterprise Funds page 231 Total Total Total Proposed Total Proposed Fund Appropriation Appropriation 20 11/ 20 12 20 12/ 20 13 Food Service $24,048,500 $23,990,500 Fund Fund Child Care Fund $14,179,900 $14,743,200 Property Management Management $1 436 000 $1,436,000 $1 455 200 $1,455,200 Fund

Internal Service Funds – page 239 Internal Service Funds page 239 Total Total T Total l Proposed Fund Appropriation Appropriation 20 11/ 20 12 20 11/ 20 12 20 12/ 20 13 Employee $7,937,900 $7,197,200 Benefits Fund fi d Insurance Reserve $8,655,000 $8,179,200 Fund Fund Technology Fund $19,603,900 $19,815,700 Central Services $3,870,100 $3,850,000 Fund

Charter Schools Charter Schools Total T t l Total Proposed Fund Appropriation Appropriation 20 11/ 20 12 20 11/ 20 12 20 12/ 20 13 Charter Schools Charter Schools $40 000 000 $40,000,000 $50 000 000 $50,000,000

Our Mission To provide a quality To provide a quality education that prepares all children for a successful future