06-14-2011 Regular School Board Meeting
Agenda Item #47


Title
Recommended Reductions for the 2011-12 Operating Budget

Discussion

Due to the continuing lack of sufficient funding for 2011-12, it has become necessary to reduce the Operating Budget for next year. This will now be the 5th year in a row for the District to be making budget cuts.

Attached is a listing which encompasses the original recommended budget reductions as presented to the Board at the April 19 Budget Workshop and the revised recommended budget reductions.  Note that the reserve line items have now been numbered to identity them as the initial items to be cut (lines 31 - 38)  The revised recommended budget reductions are indicated in red on the attached.  Changes include updating the numbers for:

Florida Retirement System (line items B & C)
McKay Scholarships (line item 33)
Categoricals (line item 32)
Maintenance Overtime (line item 29)
AS400 Maintenance (line item 17)
Parent Program (line item 5)
Elementary Foreign Language (line item 1)

It is important to note that with the additional forcasted decline in the tax roll the 0.25 Critical Needs Operating Millage will no longer produce the estimated $7,344,450.  It is probable, however, that the State Compression Adjustment will cover any additional estimated decline.  Specific information related to this topic will be made available in mid-July once the DOE provides the 2nd FEFP Calculation.  Details related to this will be provided to the Board prior to the July 28 Public Hearing.



Recommendation
Authorize the Superintendent to make the revised recommended budget reductions for the 2011-12 Operating Budget pursuant to the list provided.

Meeting Date(s)
Information - 5/10/2011
Information5/24/2011
Action6/14/2011

Authority for Action
Florida Statute 1011.71 (3)(b)

Involves Expenditure of Funds Directly in the Classroom
No

Source of Funding
Agenda Item will not Require the Expenditure of Funds

FY
Amount
Budgeted
Fund
Cost Center
Project
Function
Object
Program

Contact
Judy R. Preston, Associate Superintendent for Financial Services, ext. 600


Attachment:  2011-12 Revised Recommended Budget Reductions.pdf