EPS Funding 4 A look at where we get and spend our money Planning - PowerPoint PPT Presentation

EPS Funding 4 A look at where we get and spend our money Planning for 2013-14 - Staff Update

School Funding 5 A formula for confusion? The formula allowance The general fund Main source of school The school district funding; a dollar checkbook; pays for amount per “pupil unit” operating expenses set by the state. (i.e. salaries, fuel, supplies, equipment, utilities) Planning for 2013-14 - Staff Update

General Education Funding Formula 6 Historical Comparison of Actual Formula & Net Formula Allowance (less shifts)

Where does EPS get its money? 7 General Fund Revenue by Source Federal Property 2% Taxes 29% State 67% Other Local 2%

Where does EPS spend its money? 8 General Fund Expenditures by Object Purchase Instructional Benefits Services Supplies Capital 20% 9% 5% Expense 4% Salaries 62%

Where does EPS spend its money? 9 General Fund Expenditures by Program Site, Building, Administration District Support and Equipment 4% 3% 14% Instructional & Fixed Pupil Support 4% 14% Instruction- Instruction Special Ed 47% 16%

Maintaining a Balanced Budget 10 Commitment to fiscal stewardship and focusing of resources on direct instruction Planning for 2013-14 - Staff Update

Financial Management in EPS 11 ¨ Maintain fund balance according to Board Policy ¨ Continue to balance revenue with expenses ¤ Targeting available resources on educating students ¨ Maintain systems that ensure financial stability ¤ Long range financial planning systems ¨ Maintain strong bond rating Planning for 2013-14 - Staff Update

EPS Budget History 12 General Fund Revenue & Expense

BRRRG History by Area (dollars) 2007-08 thru 2013-14 13 ¡$2,500,000 ¡ ¡ ¡$2,000,000 ¡ ¡ ¡$1,500,000 ¡ ¡ ¡$1,000,000 ¡ ¡ Est ¡2013-­‑14 ¡ 2012-­‑13 ¡ ¡$500,000 ¡ ¡ 2011-­‑12 ¡ ¡$-­‑ ¡ ¡ ¡ ¡ 2007-­‑2011 ¡

BRRRG History by Area (percent) 2007-08 thru 2013-14 14 16.0% 14.0% 12.0% 10.0% 8.0% 6.0% Est 2013-14 4.0% 2012-13 2.0% 0.0% 2011-12 2007-2011