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

Sl i

• Slow economic recovery
• 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% A d l i d li f 5%

• Assessed valuation decline of 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 9 027 817 185 1 1% Pupil Growth 9,027 817,185 1.1% At-Risk Growth 3,326 295,932 1.1% Inflation 3.7% NA Base Per Pupil $208.49 $5,843.26 3.7% p Funding $ $ ,

Pupil Estimates provided to CDE by Legislative Council

State of Colorado 20 12/ 20 13 Major Departm ent Share

• f General Fund

H S i Higher Education Health Care Policy & Financing Human Services 9% Education 8% All Other 11% a c g 25% K-12 Education Corrections 9% 38% 9%

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 (Growth & Inflation) $6,302,403,884 Negative Factor ($1,011,518,997) $ Revised Total Program $5,290,884,887 Negative Factor Percentage

• 16.1%

Average Per Pupil Funding $6,474.24 *Per Supplemental Bill – HB12-1201

State of Colorado Total Program K-12 Education Funding

Gap represents

G t

$6 000 $7,000 represents negative factor of 16.1%

Gap represents rescissions and legislative actions. The actual funded Total Program has declined more than 5% from the high in 2009/ 2010.

$5,000 $6,000 lions $3,000 $4,000 unts in Mill $1,000 $2,000 Am ou 2008/ 2009 Actuals 2009/ 2010 Actuals 2010/ 2011 Actuals 2011/ 2012 Estimate 2012/ 2013 Budget Request $0 Fully Funded Total Program $5,354.8 $5,717.3 $5,822.3 $6,006.9 $6,302.4 Total Program Less Rescissions/ Legislative Actions $5,347.3 $5,586.1 $5,439.9 $5,232.4 $5,290.9

Proposed Budget g

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

2012/2013 – 2013/2014

• On-Line - 300+ pages

Proposed Budget Book

On Line 300+ pages

• Introductory Section

i i l i

• Organizational Section
• Financial Section
• Informational Section

Government Finance Officers Association S S State Statute

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 C ll b ti E l S it – Collaborative – Employee Summit

Board Leadership

2012/2013 – 2013/2014 d d k Proposed Budget Book

• 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

2009/2010 2010/2011 2011/2012 Planned 2012/2013

Total Program prior Total Program prior to negative factor and/or rescission

$575M $577M $587M $607M

Negative factor and/or funding rescission

($13M) ($38M) ($76M) ($98M)

Negative factor and/or funding rescission

• 2.3%
• 6.6%
• 12.9%
• 16.1%

rescission percentage

Total Program $562

$539 $511 $509

Total Program received

$562M $539M $511M $509M

General Fund Revenue Impacts

2009/2010 2010/2011 2011/2012 Planned 2012/2013

Total Program prior Total Program prior to negative factor and/or rescission

$575M $577M $587M $607M

Negative factor and/or funding rescission

($13M) ($38M) ($76M) ($98M)

Negative factor and/or funding rescission

• 2.3%
• 6.6%
• 12.9%
• 16.1%

rescission percentage

Total Program $562M $539M $511M $509M g received

$562M $539M $511M $509M

General Fund Revenue Impacts

2009/2010 2010/2011 2011/2012 Planned 2012/2013

Total Program prior Total Program prior to negative factor and/or rescission

$575M $577M $587M $607M

Negative factor and/or funding rescission

($13M) ($38M) ($76M) ($98M)

Negative factor and/or funding rescission

• 2.3%
• 6.6%
• 12.9%
• 16.1%

rescission percentage

Total Program $562M $539M $511M $509M g received

$562M $539M $511M $509M

Jeffco's Total Per Pupil Funding

7,070 $8,000 6,152 6,502 6,704 6,637 6,309 6,309 $7,000 $6,000 $5,000 $4,000

General Fund Revenue Impacts

• Total Pr

Total Program Dec ram Decline ine $66M 66M

• Total Pr

Total Program Dec ram Decline ine 11% 11% Total Pr Total Program Dec ram Decline ine 11% 11%

• Enr

Enrollment Dec llment Decline line 584 584

• Enr

Enrollment Dec llment Decline line 584 584 E l E ll t D D li <1% <1%

• Enr

nroll llmen ment D t Dec ecli line ne <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 $63 174 174 800 800 $63 $63,174 174,800 800

Expenditure reductions, savings and efficiencies have impacted bottom line expenditures and offset other q i d i

Financial Services

required increases.

2012/2013 d l i Eff Budget Balancing Efforts

• $5M Continued 3% reduction in Compensation

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• $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 R d ti f C t l Ad i i t ti d

• $7M Reductions from Central Administration and

Support Services

Financial Services

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

General Fund

Total Total

General Fund

Fund Total Appropriation 20 11/ 20 12 Proposed Appropriation / 20 11/ 20 12 20 12/ 20 13

General Fund $619 607 500 $605 180 900 General Fund $619,607,500 $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

l

Capital Projects Fund page 213

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

Debt Service Fund page 217

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Debt Service Fund – page 217

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

Special Revenue Funds – page 223 Special Revenue Funds page 223

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

Enterprise Funds – page 231 Enterprise Funds page 231

Total Total Proposed Fund Total Appropriation 20 11/ 20 12 Total Proposed Appropriation 20 12/ 20 13

Food Service Fund $24,048,500 $23,990,500 Fund Child Care Fund $14,179,900 $14,743,200 Property Management $1 436 000 $1 455 200 Management Fund $1,436,000 $1,455,200

Internal Service Funds – page 239 Internal Service Funds page 239

T l Total Fund Total Appropriation 20 11/ 20 12 Total Proposed Appropriation 20 11/ 20 12 20 12/ 20 13

Employee fi d $7,937,900 $7,197,200 Benefits Fund Insurance Reserve Fund $8,655,000 $8,179,200 Fund Technology Fund $19,603,900 $19,815,700 Central Services Fund $3,870,100 $3,850,000

Charter Schools Charter Schools

T t l Total Fund Total Appropriation 20 11/ 20 12 Proposed Appropriation 20 11/ 20 12 20 12/ 20 13

Charter Schools $40 000 000 $50 000 000 Charter Schools $40,000,000 $50,000,000

Our Mission

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