WELCOME TO WEST LAFAYETTE JR/SR HIGH SCHOOL



Similar documents
Summary of Total Expenditures. 1. Summary of General and Supplemental General Fund Expenditures 2. Instruction Expenditures.3

Debt Comparison by Unit Type

Essential Programs & Services State Calculation for Funding Public Education (ED279):

AUBURN-WASHBURN USD 437

VIRGINIA. Description of the Formula

BUCKEYE VALLEY LOCAL SCHOOLS, DELAWARE COUNTY NOTES/ASSUMPTIONS TO FIVE-YEAR FORECAST FOR APPROVAL MAY 13, 2014

Department Costs Analysis 2/24/2014

How To Account For School Money

GRAND RAPIDS COMMUNITY COLLEGE GENERAL OPERATING FUND ADOPTED PROJECTED BUDGET BUDGET TUITION:

Organization Accounting for the General and Special Revenue Funds

DATE: March 4, 2016 Raymond J. Orlando, Chief Financial Officer FY 2013 School Based Expenditure Report (SBER) Overview

GLOSSARY OF TERMS. BUILDING MANAGER Non-certified persons hired by the school district to manage and oversee the operation of a school.

School Finance 101. MASA / MASE Spring Conference Joel Sutter Ehlers Greg Crowe - Ehlers

Financing Education In Minnesota A Publication of the Minnesota House of Representatives Fiscal Analysis Department

SCHOOL FINANCE 101. Presented by Brenda Burkett, CPA, SFO Chief Financial Officer Norman Public Schools. February 2015

FINANCIAL REPORTING GUIDELINES

NEW PHILADELPHIA CITY SCHOOLS FIVE-YEAR FORECAST

Holy Apostles Catholic Church Colorado Springs, Colorado. FINANCIAL STATEMENTS June 30, 2012

Wayne Local Schools Business Plan Notes ( ) SUBMITTED MAY OF 2012

Percent of Expenditures by Subject Summary Level Accounts

Superintendents and Charter School Administrators. Melissa K. Ambre, Director, Office of School Finance Kathryn Roth, Program Manager

Format of Final Accounts for Voluntary Secondary Schools

DEFINITIONS OF IOWA SCHOOL FINANCE TERMS

WITH REPORTS OF INDEPENDENT AUDITORS

2005 SCHOOL FINANCE LEGISLATION Funding and Distribution

Kirsten Volpi Senior Vice President for Finance and Administration

Mt. Vernon Community School Corporation

PERMISSIBLE EXPENDITURES AND STRATEGIES TO COMPLY

PRIVATE SCHOOLS FOR THE DISABLED CHART OF ACCOUNTS

LEGISLATIVE SERVICES AGENCY OFFICE OF FISCAL AND MANAGEMENT ANALYSIS 301 State House (317)

District of Columbia Retirement Board. Budget Oversight Hearing. Before the. Council of the District of Columbia Committee of the Whole

NEW PHILADELPHIA CITY SCHOOLS FIVE-YEAR FORECAST

The NEVADA PLAN For School Finance An Overview

UNIFORM SYSTEM OF ACCOUNTS FOR WATER AND WASTEWATER UTILITIES

Deptford Township Board of Education. Proposed Budget

Projected Statements of Local Assessments. City of Saco, Maine. For the years ending June 30, 2015, 2016 and 2017

SCHOOL FINANCE IN COLORADO

Local Entitlement Allowable Costs Manual Rev. 04/15/15

TABLE OF CONTENTS CENTRAL SERVICES FUND

California State Accounting Manual Object Classification Description. Descriptions for District Sub-Account Codes Associated with the Major Object

USD #466 Scott County

SCHOOL FINANCE IN COLORADO

PHOENIX LIFE ASSURANCE LIMITED LONDON LIFE WITH-PROFITS FUND FORMER LONDON LIFE AMP (UK) WITH-PROFITS PENSION POLICIES

SCHOOL FINANCE IN COLORADO

Information About Financial Statements for Intrastate Household Goods Movers

MISSOURI. Gerri Ogle Coordinator, School Administrative Services Department of Elementary and Secondary Education I. GENERAL BACKGROUND.

Digest Of Public School Finance In Indiana Biennium. Indiana Department of Education Dr. Tony Bennett Superintendent of Public Instruction

PROPOSED FY MINIMUM FOUNDATION PROGRAM FORMULA

HOW TO READ A FIVE-YEAR FORECAST. Tips and Explanations on Understanding a School District s Forecast

Date: Page 1 DIVORCEmate Software Inc. Checklist of Information for Family Law Files Personal Information Husband Wife Names

Provisional Billing Rates. Beth Citeroni Acquisition Cost/Price Analyst

ST. MARY SEMINARY AND GRADUATE SCHOOL OF THEOLOGY (OUR LADY OF THE LAKE) FINANCIAL REPORT. JUNE 30, 2015 and 2014

Five Year Financial Plan

ACCRUAL BASIS ACCOUNTING

Guidance on investment business regulation for Funding Advisers for Small and Medium Enterprises (SMEs)

MINISTRY OF SMALL BUSINESS AND REVENUE

FY 10/11 ARIZONA BUDGET PROPOSALS: HOW VULNERABLE CHILDREN AND FAMILIES FARE March 10, 2010

Transcription:

WELCOME TO WEST LAFAYETTE JR/SR HIGH SCHOOL FEBRUARY 23, 2009 BUSINESSWEEK AWARD BusinessWeek has named West Lafayette High School as the highest academic performing high school in the State of Indiana Congratulations and recognition for this awards goes to the following: WLCSC students and parents WLCSC K-12 Staff Members WLCSC Support Staff WLCSC K-12 Administration WLCSC School Board Special Presentation of Award STATE OF THE SCHOOL ADDRESS: The New Realities to Indiana School ing The West Lafayette Community School Corporation February 23, 2009 SCHOOL BUDGETING A BRIEF EXPLANATION OF WHY SCHOOLS CAN T T INTERMINGLE FUNDS Presented by Dr. Thomas Dykiel Indiana School Accounting Accounting General Pension Capital Projects Transportation Operating Bus Replacement Special Education Preschool General Revenue State Support Transfer Tuition Interest Summer School Gifted & Talented Full Day Kindergarten Rentals 99% State Supported General

General Salaries-Teachers, Aides, Custodial, Extra Curricular, Co Curricular, Professional Dev. Fringe Benefits Educational & Custodial Supplies Educational & Custodial Equipment Utilities Pension Bond Tax Anticipation Warrant Interest Hold Corporation Leases General Obligation Bonds Common School Loans Uncollected Textbook Rental Attorney/Bond Trustee Fees for the above Pension Pension Bond Capital Projects Pension Bond Costs Capital Projects

Capital Projects Transportation Capital Improvements Land Acquisition Architect/Construction Manager Fees Rent of Buildings & Equipment Maintenance of Equipment/Buildings Emergencies Utilities Technology Extra Curricular Transportation Operating Transportation Bus Replacement Director and Office Salaries & Fringe Drivers, Mechanics & Aides Salaries & Fringe Equipment & Supplies Fuel Insurance Utilities Bus Replacement Bus Replacement Special Ed Preschool Purchase Busses Revenue State Support 100% Salaries & Fringe Equipment & Supplies Special Education Pre-school

Money Allowed to Transfer General To CPF for Utilities & Insurance To CPF for Technology Salaries To To Transportation Can t Transfer from Other s to the General General Pension Capital Projects Transportation Operating Bus Replacement Special Education Preschool Building a School or Addition To Build a School or Addition would come from the. To operate the New Building or Addition New Facility Appeal Custodial Salaries/Fringes/Equipment/Supplies Utilities & Insurance The Current Financial Crises The Impact of the State taking over Indiana School Districts General Presented by Dr. Lawrence DeBoer

Stimulus Money in the Budget? $2.4 billion for Indiana over three fiscal years A fraction of the total spending and tax cuts for Indiana Temporary Increase in Federal Share of Medicaid FMAP, the Federal Medical Assistance Percentage $1,440 million over FY 09, 10, 11 State Fiscal Stabilization $824 million education block grant $183 million flexible block grant Over FY 09, 10, 11 Source: Federal s Information for States CONCLUDING THOUGHTS Indiana State Teacher s Association Efforts to Improve ing for Public Schools Presented by Don Thompson ISTA Uniserve Director & Mary Beth Boyd President of the West Lafayette Education Association Presented by Dr. Rocky Killion SYSTEMIC IMPROVEMENT We have built a bureaucracy in our schools in which the people who have the responsibility [of education] do not have the power, and the people who have the power [of education] do not have the responsibility. www.skillscommission.org Definition of Insanity - Doing the same thing over and over, and expecting to get different results Purpose The Current Financial Crises THIS IS A STATE ISSUE NOT A WLCSC ISSUE To celebrate the current status of the WLCSC and to discuss the impact of the current national financial crisis on Indiana Public Schools and WLCSC

Unlike technology, the Structure of School Business has virtually remained the same over the past 40 years The Stronger Our School System the Stronger Our Community The WLCSC is exploring many ideas to generate revenue and/or decrease GENERAL FUND EXPENDITURES 1962 2009 Maybe we need to consider a different way of doing school business City Contributions The WLCSC would like to thank the City of West Lafayette for the assistance it has provided including: Sanitation services Snow removal assistance Infrastructure improvement Safety initiatives HOW IS GENERAL FUND REVENUE DETERMINED? Student Enrollment Average Daily Membership Special Education Enrollment Assessed Valuation Parks Department - Shared services Assistance with Burtsfield Interest Free Loan from the RDC Student Enrollment Chart Review of School Budget Requirements Accounting A Silo Approach General Pension Capital Projects Transportation Operating Bus Replacement Special Education Preschool

Review of School Budget Requirements Can School Districts move money from other s to General? No. State Requirements do not allow School Districts to move money from other s into General The ISSUE for all Indiana School Districts is the GENERAL FUND. We need to consider other ways of generating General revenue The State of Indiana is using an unstable revenue source (sales tax) to fund the General of all Indiana School Districts. Various Ideas Explored Razing of Burtsfield (No plans or agreements have been made regarding Burtsfield property many ideas are being discussed) Energy Conservation Plan (approximately 26% decrease in utility usage in one year) Assistance with General WL Education Foundation (The GLC was paid out of a School Construction and will be paid back by the Education Foundation hopefully as Teacher Endowments revenue. The Foundation is raising funds to fully reimburse the school corporation) Various Referendums Tax Rates The Government Modernization Act Continued cooperation and sharing of services with the City, TSC and LCS Because of these and other ideas, WLCSC has improved its cash position in all s over the past year Losing local control of the General and rising insurance costs are now the major concerns for the WLCSC Leasing classrooms, outsourcing, and restructuring efforts WHAT CAN YOU DO? 1) Support legislation that allows school districts flexibility with regards to the General 2) Contact your legislators asking them to support ISTA and other education associations funding initiatives 3) Stay open-minded about restructuring efforts as new ways of doing business are explored 4) Understand that by adding classrooms we use s and we increase our capacity to offer revenue generating programs (interest rates are lower, prices are lower, and like Warren Buffet recommends, this is a good time to buy) Legislative Bill Information http://www.in.gov/legislative

Revenue generating or cost saving ideas related to General submit your suggestions to killionr@wl.k12.in.us Questions and Comments About Tonight s s Information?