2012-13 Budget Planning
First Public Hearing
June 8, 2012
First Public Hearing
Presentation Topics
 Brief Overview of Legislative and Congressional Impacts
 Brief Review of Superintendent’s Recommendation
 First Presentation of Other Fund Budgets
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Transportation Vehicle Fund
Associated Student Body (ASB) Budget
Debt Service Fund
Capital Projects Fund
June 12, 2012
2012-13 Budget Recommendation
State Legislative Session Impacts
 Current Impacts of Past Legislative Session
 Current Impacts of Current Legislative Session
 Future Impacts of Current Legislative Session
Congressional Impacts Probable
 Sequestration – Up to $1M in mid-year Reductions
June 12, 2012
2012-13 Budget Recommendation
Impacts From Past Legislative Sessions
2012-13 Furlough Days
 School Calendar Change Impacts Students & Families
 Instructional Time Maintained
 Staff Will Work Fewer Days
 Staff Will Receive Less Pay in 2012-13
June 12, 2012
2012-13 Budget Recommendation
Superintendent’s Recommendation
 For First Time in Two Years, No Certificated Lay-Offs
 Voluntary and Involuntary Transfers Due to Staff
Returning from Leave, Program and Enrollment Changes
 Classified Lay-Offs Minimized, and Due to Changes in
ELL, Title, LAP, Special Education or Capital Funding
 Program Changes will be Supported Within Current
Resources
 Inflationary Costs Covered by Current Department Budgets
June 12, 2012
2012-13 Budget Recommendation
Superintendent’s Recommendation – Fund Balance
 Executive Limitation: Budget Planning EL-7
 2011-12 Budgeted to Spend $3.5 M more than Revenue,
$2.0 M was State Revenue Loss for Salary Allocations
 2012-13 Budget Anticipated to Spend $1.5 to $2.0 M more
than Revenue
 Given Conservative Budgeting, Expect that “Committed to
Minimum FB Policy” Will Continue to be in Compliance
June 12, 2012
Transportation Vehicle Fund
• Revenue Source: State Depreciation
• Used to Purchase Replacement Buses
Current Bus Fleet: 147 Buses
• Average Age: 10 Years
• Oldest Year: 1987
• 50 Fully Depreciated
June 12, 2012
Transportation Vehicle Fund
Preliminary 2012-13 Budget
Budgeted Beginning Fund Balance
Budgeted Revenues:
State Depreciation
$640,000
Interest Earnings
$ 0
Budgeted Expenditures:
4 Transit Buses
$480,000
Spending Capacity
$110,000
Budgeted Ending Fund Balance
June 12, 2012
$590,000
$640,000
$590,000*
$640,000
Associated Student Body Fund
• Supports extracurricular, recreational, cultural and
social activities
• Governed by Constitution and Students (Grades 6 –12)
• Minor Changes for Illahee (minimum meetings), Sequoyah (campaign
activites), and TJ (creates sixth Officer and renames one Officer position)
• Revenue Generated by Fees and Fund Raisers
• Budget Adoption Authorizes:
• Fund Raisers (compilation for elementary & secondary)
• Expenditure Capacity
June 12, 2012
Associated Student Body Fund
Preliminary 2012-13 Budget
Budgeted Beginning Fund Balance $ 584,500
Budgeted Revenues:
$4,116,800
Budgeted Expenditures:
$4,161,000*
Budgeted Ending Fund Balance
June 12, 2012
$540,300
Debt Service Fund
• Collect Tax Revenue and Redeem Bonds for Previously
& Newly Authorized Bonds
• Fiscal Year Budget and Calendar Year Levy
• Assumes No Additional Voter-Authorized Bond Sales
• $11.865 M Remaining Balance
• Additional Refunding of Outstanding Bonds Possible
June 12, 2012
Debt Service Fund
Preliminary 2012-13 Budget
Budgeted Beginning Fund Balance $9,355,000
Budgeted Revenues:
$17,900,000
Budgeted Expenditures:
$20,126,000*
Budgeted Ending Fund Balance
$7,129,000
A $1 M tax levy roll-back is possible in November
June 12, 2012
Capital Projects Fund
• 2012-13 Sixth Year of Spending for $149 M Bonds and
activity is coming to a close
• State Match Work is wrapping up
• 2013 is Third Year of Six-Year Technology Levy, and
includes voter-approved change from $1.8 M to $4.4 M
• Land Fund Shortfall Projected Until ESC/MOT Sell
• Impact Fee Shortfall Projected Until 2012-13
June 12, 2012
Capital Projects Fund
Preliminary 2012-13 Budget
BUDGETED:
Beg FB
Revenue
Exp
End FB
Construction*
$11.8 M
$ 5.0 M
$16.8 M
$ 0.0 M
Phase 2 & 3
$12.2 M
$ 0.4 M
$ 2.6 M
$ 10.0 M
Tech Levy/e-rate $ 0.0 M
$ 3.7 M
$ 3.7 M
$ 0.0 M
Impact Fees
($ 0.1 M) $ 0.4 M
$ 0.3 M
$ 0.0 M
Land Fund
($12.4 M) $ 0.0 M
$ 0.0 M ($12.4 M)
Investment/Other $ 2.2 M
$ 0.4 M
$ 0.2 M
FUND TOTALS: $13.7 M
$ 9.9 M
$23.6 M* $ 0.0 M
June 12, 2012
*provides capacity for FWHS when voter-approved
$ 2.4 M
First Public Hearing
Expected Board Actions on June 26, 2012
 Motion to Adopt ASB Constitutional Changes
• Accepts Slate of ASB Fund Raisers
 Adopt a Resolution Establishes Appropriations for
ALL Funds
Sets Preliminary Tax Levies for Calendar Year 2013
June 12, 2012
First Public Hearing
Public Hearing & Board Adoption
Questions & Comments
smclean@fwps.org
Federal Way Public Schools
June 12, 2012
June 26