Budget Summary May 2008 What do we

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Budget Summary May, 2008

What do we know at this point? § Budget is always a work in progress § Likely to finish this year with a $7 million deficit

What do we know at this point? § Budgeted next year for § Inflationary increases § 3% salary increase § Modest increase in campus supply budgets

What do we know at this point? § With nothing changed for next year in revenue or spending… § Likely will finish 08 -09 with $23 million deficit

What do we know at this point? § Fund balance will go from $53 million (6/07) to $25 million (6/09) § 13 cents operating tax rate increase yields approximately $17. 5 million in annual revenue

What do we know at this point? § Getting to a balanced budget next year is essential

State funding system is the real problem… § “Hold Harmless” to 05/06 revenue § Inflationary cost increases with no Inflationary revenue adjustment § Transportation allotment, technology allotment, etc.

State funding system is the real problem… § Targeted revenue per WADA (weighted average daily attendance)

WADA comparison to other area districts § § § $6, 129 - Sheldon $5, 630 - Deer Park $5, 439 - Goose Creek $5, 415 - Tomball $5, 336 – Lamar $5, 286 - La. Porte $5, 174 – Katy $5, 092 – Spring Branch $5, 033 – Houston $4, 938 – Crosby $4, 923 – Aldine § § § $4, 937 - HUMBLE $4, 874 – Fort Bend $4, 821 – Huffman $4, 809 – Galena Park $4, 800 – Klein $4, 792 – Spring $4, 699 – North Forest $4, 690 – Pasadena $4, 674 – Alief $, 4680 – Channelview $4, 489 – Cy-Fair 2008 -2009 Humble ISD projected WADA § 38, 666 §If we received the same target revenue per WADA as Katy ISD, we could receive an additional $9. 2 million in state aid in 08/09

We knew this was coming… § House Bill 1 state funding system accelerated the crisis § Circling the drain faster and now close to falling in

We knew this was coming… § Waited as long as possible to severely impact campuses and classrooms § But – we didn’t sit idly by § Since 02/03, $17. 5 million in reductions § Built fund balance from $16 million (6/02) to $53 million (6/07)

Every year we provide a list of possible reductions to the Board § Updated in terms of $ and possible new items

List of possible budget reductions always included… § § § Eliminate differentiated staffing 6 of 7 at secondary schools Reduce/Share § Assistant Principals § Counselors § Nurses § Librarians

List of possible budget reductions will also include… § Reduce central administrative staff § Only JV & Varsity athletics at high schools § Only one team per sport at middle schools

Heading toward “Minimum ISD” § By attrition and reassignments

So what can I do? § Stay Tuned

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