RECRUITMENT STAFFING INTERIM MANAGEMENT - St. Eustatius Government
FY07/08 2 nd Interim March 11, 2008. Changes from 1 st Interim to Projected Year Totals...
-
Upload
danielle-ballard -
Category
Documents
-
view
213 -
download
0
Transcript of FY07/08 2 nd Interim March 11, 2008. Changes from 1 st Interim to Projected Year Totals...
FY07/08 2nd Interim
March 11, 2008
Changes from 1st Interim to Projected Year Totals
Unrestricted Restricted Combined
Revenues
1st Interim
New/Revised
One Time
FY07/08 Projected Year Totals
62,054,072
482,055
145,469
62,681,596
21,701,552
701,673
198,210
22,601,435
83,755,624
1,183,728
343,679
85,283,031
Expenditures
1st Interim
Negotiated Compensation Increases
Special Education
New/Revised
One Time
Net Adjustments
FY07/08 Projected Year Totals
51,838,915
685,076
-
-
121,985
49,992
52,695,968
34,206,480
167,645
429,980
701,673
198,210
-
35,703,988
86,045,395
852,721
429,980
701,673
320,195
49,992
88,399,956
Changes from 1st Interim to Projected Year Totals
Unrestricted Restricted CombinedOther Sources/(Uses)1st Interim
Net Adjustments
FY06/07 Projected Year Totals
(7,349,681)
(597,625)
(7,947,306)
6,913,775
597,625
7,511,400
(435,906)
-
(435,906)
Net Increase (Decrease) in Fund Balance
Beginning Balance
Ending Balance
2,038,322
2,074,863
4,113,185
(5,591,153)
5,591,153
-
(3,552,831)
7,666,016
4,113,185
Components of Fund Balance
Unrestricted Restricted Combined
Ending Fund Balance
Revolving Cash
Legally Restricted
For Economic Uncertainties
Other Designation: Mandate Set Aside
Other Designation: P2 ADA
Available Unrestricted Reserve
4,113,185
50,000
-
2,665,076
1,080,000
458,358
(140,249)
-
-
-
-
-
-
-
4,113,185
50,000
-
2,665,076
1,080,000
458,358
(140,249)
Multi-Year Projections Major Assumptions
Categories 2006-2007 2007-2008 2008-2009 2009-2010
Enrollment and ADA
District Enrollment (CBEDS) 9,9129,912 9,954 9,799 9,717
District ADA – Projected 9,516 9,585 9,390 9,333
District ADA – Funded 9,5169,516 9,585 9,585 9,390
Revenue
Revenue Limit COLA 5.92% 4.53% 4.94% 3.00%
Revenue Limit Deficits 0% 0% 6.99% 6.99%
Equalization Aid Per ADA $86.56 - - -
Base Revenue Limit $5,525 $5,777 $5,641 $5,824
Federal COLA 0% 0% 0% 0%
Other State COLA 5.92% 4.53% (6.5%) 3.00%
Mandate Reimbursement $1.33M - - -
Multi-Year Projections Major Assumptions
Categories 2006-2007 2007-2008 2008-2009 2009-2010
Expenditures
Step and Column Salary Increases $0.83M $0.83M $0.83M $0.83M
FY05/06 Negotiated Salary Increase (4.7%) $5.1M $2.5M $2.5M $2.5M
FY07/08 Negotiated Salary Increase (2.0%) - $0.8M $1.1M $1.1M
FY08/09 Negotiated Salary Increase (4.0%) - - $1.9M $2.2M
Special Education Encroachment $4.8M $5.7M $6.5M $7.0M
Growth in Special Education Encroachment $1.2M $0.9M $0.8M $0.50M
Inflationary Increase - CPI 3.4% 3.2% 2.7% 2.5%
Indirect Cost Rate 2.93% 2.84% 3.22% 3.22%
Spending Reductions and Reallocations $0.8M $1.4M $1.5M $2.5M
Fund Balance
Mandate Reimbursement Set Aside - 1.08M - -
Multi-Year ProjectionsCategories 2006-2007 2007-2008 2008-2009 2009-2010
REVENUES
Revenue Limit Sources 53,841,719 56,083,438 54,776,531 55,361,711
Federal Revenues 5,234,677 5,593,131 5,588,427 5,588,427
Other State Revenues 15,525,256 13,989,847 13,208,769 13,561,247
Other Local Income 9,967,270 9,616,615 9,165,089 9,165,089
Total Revenues 84,568,921 85,283,031 82,738,816 83,676,474
EXPENDITURES
Salaries & Benefits 66,452,044 67,713,704 69,799,573 70,641,135
Books/Supplies & Outlay 2,612,890 7,512,180 2,164,404 2,069,522
Services & Operating Expenses 9,384,991 11,656,856 10,630,390 11,376,150
Other Outgo & Transfers 2,251,760 1,517,216 1,517,216 1,517,216
Total Expenditures 80,701,685 88,399,956 84,111,583 85,604,022
Other Sources (Uses) (579,249) (435,906) (325,906) (325,906)
Net Inc/Dec in Fund Balance 3,287,987 (3,552,831) (1,698,673) (2,253,454)
BEGINNING BALANCE 4,378,028 7,666,016 4,113,185 2,414,511
ENDING BALANCE 7,666,016 4,113,185 2,414,511 161,057
Components of Fund Balance
FY06/07 Actuals
FY07/08 Projection
FY08/09 Projection
FY09/10 Projection
Ending Fund Balance 7,666,016 4,113,185 2,414,511 161,057
Revolving Cash 50,000 50,000 50,000 50,000
For Economic Uncertainties 2,438,428 2,665,076 2,536,425 2,505,667
Legally Restricted Balance 5,591,153 - - -
For Other Designations
Mandate Cost Reimbursement - 1,080,000 - -
P2 ADA - 458,358 - -
Spending Reductions - - - (2,517,700)
Available Unrestricted Reserve (413,565) (140,249) (171,913) 123,090
Local6%
Revenue Limit86%
Other State8%
Federal0%
Unrestricted Revenue
Personnel91%
Non-Personnnel9%
Unrestricted Expenditures
Books and Other Reference Materials
0%
Insurance14%
Rentals, Leases, and Repairs2%
Professional Services and Operating Expenditures
20%
Communications5%
Operation and Housekeeping Services
43%
Travel and Conferences2%
Materials and Supplies12%
Dues and Memberships1%
Non-Capitalized Equipment1%
Unrestricted Non-Personnel Expenditures
Outstanding Issues that Could Impact the Budget
• State Budget
• P2 Average Daily Attendance (ADA)
• Special Education