Proposed FY19 Budget Amendment Additional Evidence Based Funding - PowerPoint PPT Presentation

Proposed FY19 Budget Amendment

Additional Evidence Based Funding received in April 2018 Problem Timing did not allow for responsible planning to use by Late Notice of EBF year end Funding Resources not available at beginning of the School Year 2 2

Resources $174.5M Beginning Fund Balance (31.8M) Capital FY19 Budget Projected Net Change 2.3M Proj FY19 Oper Surplus in Fund Balance as of (5.5M) Additional Spends June 30, 2019 $139.5M Ending Fund Balance 3 3

Fund Balance Spend Requests Item Request Amount Curriculum Instructional Materials $2,100,000 Smart Boards & Document Cameras $1,900,000 Playgrounds (4) $800,000 School Security System upgrades (5) $250,000 School Facility Repairs $225,000 Hiring Incentives $150,000 Musical Instruments $85,000 Total $5,510,000 4

Spend down Fund Balance Solution One time spends Fund Balance Take Pressure off Spends in FY19 FY20 Budget Align purchases with needs of students 5

Summary of Budget Amendment Fund Revenue Expenditure Net Effect Comments 18 $2,425,000 $2,425,000 $ - Additional Grants 30 -$2,500,000 -$2,500,000 $ - Decrease CPPRT Allocation 60 $2,500,000 $2,500,000 $ - Facilities Building Purchase Fund Balance Requests, not yet approved 60 $1,244,000 10 $4,266,000 Total $5,510,000 Less: Amount Available FY19 $2,300,000 Net Decrease Fund Balance -$3,210,000 6

Fund Balances 2017 - Projected 2019 Fund Balance - 25% $ 110,000,000 7

Availability at beginning of SY Curriculum Availability of Devices Resources Instruments Improvements and Security (schools) Improvements Playgrounds (schools) Hiring incentives (instruction) 8

Were devices and curriculum available to be utilized the first day of school? Reporting Were facility repairs and Back upgrades completed by beginning of school year? Were hiring incentive efforts successful? 9