Budget Town Hall Meeting

MAY 12, 2015

STAN ROUNDSSUPERINTENDENT OF SCHOOLS

Budget Summary

Capital Outlay17%

Debt Service9%

Federal/Grant Funds10%

General Fund58%

Other Resources6%

Total Resources for 14/15 Fund Type Total Resources

Capital Outlay $ 58,699,710

Debt Service 28,716,082

Federal/Grant Funds 33,318,117

General Fund 194,767,377

Other Resources 20,500,828

Total $ 336,002,114

* Total Resources from FY 15

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Proposed Budget Operational Resources

Total Resources 2014/15 2015/16 Change

Beginning Cash $ 8,281,348 $ 3,246,418 $ (5,034,930)

State Equalization Guarantee $ 177,055,834 $ 179,879,429 $ 2,823,595

Other Revenue $ 2,850,514 $ 2,368,884 $ (481,630)

Total Resources $ 188,187,696 $ 185,494,731 $ (2,692,965)

Estimated Expenditures $ (184,941,278) $ (185,494,731)

Estimated Cash Balance $ 3,246,418 $ -

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Operational ResourcesCash Balance

$8,281,348 4%

$177,055,834 94%

$2,850,514 2%

Total Operational Resources for 2014/15

Beginning Cash

State Equalization Guarantee

Other Revenue

$3,246,418 2%

$179,879,429 97%

$2,368,884 1%

Total Operational Resouces for 2015/16

Beginning Cash

State Equalization Guarantee

Other Revenue

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Cash Balance (District “Savings”)

FY 04 FY 05 FY 06 FY 07 FY 08 FY 09 FY 10 Fy 11 Fy 12 Fy 13 Fy 14 Fy 15 -

2,000,000

4,000,000

6,000,000

8,000,000

10,000,000

12,000,000

14,000,000

Cash Balance History vs.Targeted Cash Balance

Actual Target Danger

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Budget Reconciliation

How much do we need to cut?

Decrease in Cash Balance $ 5,035,000

Known Increase in Costs:

• Increase in Medical Cost (4%) 549,619

• Increase in risk insurance 809,600

• Increase in utilities 680,000

• Transportation 600,000

Budget cuts necessary to balance budget $ 7,674,219

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Budget ChoicesBucket Choices Selected

Teaching Staff to right size $ 2,400,000 $ 2,400,000

Reduce an additional teacher at each elem 1,200,000 0

Furlough 3 days ($700K per day) 2,100,000 2,100,000

Central Office staff cuts 500,000 500,000

High School - Reduce another 10 teachers 600,000 0

Transportation 300,000 300.000

Assistant PrincipalsElementary AP

#1 - Combine Elem AP w/ IS 600,000 0

Or #2 Adopt APS Principal Staffing Model 1,300,000 0

Or #3 Reduce Elem Principals in Schools with enrollment less than 550 (6) (5) 335,000 335,000

Secondary AP

High School <1600 (2) 200,000 200,000

Mid School <750 (2) 200,000 200,000

Reduce 1 Educational Assistant at Each Building (40) (10) 1,400,000 350,000 Custodians 20 500,000 0

More Choices Selected

Round down (7 teaching positions) 420,000 0

Fleet Replacement Fund 141,200 141,200

LEAP 350,000 350,000

Lunch Monitors (1/2) 250,000 250,000

School Resource Officers (Mid Schools) 300,000 0

Return To Work 400,000 200,000

Operational IS (2) 150,000 150,000

Transportation 200,000 200,000

Total Deductions $13,646,200 $7,676,200

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Administration Reductions (Central Office)

Position Type Department Description FTESalary & Benefit

CostsADMINISTRATOR Assessment and Research COORDINATOR 1 $ 91,400 ADMINISTRATOR Instruction COORDINATOR 1 91,400 ADMINISTRATOR LEAP PRINCIPAL - ASST 0.5 52,970 ADMINISTRATOR Rio Grande Preparatory Institute PRINCIPAL - ASST 0.5 52,970 ADMINISTRATOR Superintendent WEBMASTER 1 71,880 ADMINISTRATOR Superintendent COORDINATOR 1 64,560 PROFESSIONAL Information Operations DISTRICT REGISTRAR 1 59,680 SECRETARY CLERICAL Finance SEC-CLER III 1 32,840 SECRETARY CLERICAL Superintendent SEC-CLER III 1 46,260 SPECIALIST Instruction FACILITATOR 1 79,200 TECH Information Technology TECH II 1 35,280 TECH Information Technology TECH II 1 35,280 TECH Superintendent TECH III 1 64,560

Additional Cuts and Reorganization Cost Reductions 3 412,197

Total Central Office Reduction 15 $ 1,190,477

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Operational Budget Comparison Function 15-Adopted 16 - Proposed $ Change % Change

Admin/Supt 2,152,382 1,696,770 (455,612) -21.2%

Central Srvcs 5,682,889 5,351,387 (331,502) -5.8%

Instruction 117,385,089 115,993,891 (1,391,198) -1.2%

Maint of Plant 23,316,122 24,859,392 1,543,270 6.6%

Other 1,531,621 702,011 (829,610) -54.2%

School Admin 13,304,703 12,171,101 (1,133,602) -8.5%

Student Support 24,046,324 24,031,217 (15,107) -0.1%

Transportation 975,399 688,962 (286,437) -29.4%

Total 188,394,529 185,494,731

Admin/ Supt0.91%

Central Srvcs3%

Instruction63%

Maint of Plant13%

Other0%

School Admin7%

Student Support13%

Transportation0%

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Operational Budget ComparisonEmployees

Admin/Supt0.3%

Central Srvcs2.7%

Instruc-tion

67.4%

Maint of

Plant10.6%

Other0.1%

School Admin7.1%

Student Suprt11.7%

Transportation0.1% 15-Initial Budget 16 - Proposed Change % Change

Admin/Supt 12.25 8.00 (4.25) -34.7%

Central Srvcs 77.50 74.50 (3.00) -3.9%

Instruction 1,929.25 1,874.00 (55.24) -2.9%

Maint of Plant 296.50 294.50 (2.00) -0.7%

Other 7.00 4.00 (3.00) -42.9%

School Admin 207.79 197.50 (10.29) -5.0%

Stdnt Suppt 324.20 324.60 0.40 0.1%

Transportation 2.00 3.00 1.00 50.0%

Total 2,856.49

2,780.10

(76.38) -2.7%

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Proposed Operational BudgetFinal Look

Other0%

Prof Srvcs1%

Property Srvcs4%

Purchased Srvcs5%

Salaries & Benefits87%

Supplies/Materials3%

Budget Comparison

Fy 14/15 FY 15/16

SEG $ 177,055,834 $ 179,879,429

Salary/Benefit Budget 164,433,572 160,678,445

% of SEG 92.9% 89.3% % of Operational Resources 87.7% 86.6%

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Next StepsBoard of Education

School Board Takes Action on Budget – May 26, 2015 Budget Sent to Public Education Department – May 29, 2015 Budget Effective July 1, 2015 through June 30, 2016

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Q & A e-Mail: opinions@lcps.k12.nm.us Questions from the Audience

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