1	Town Hall Meeting Leslie Public Schools Monday, January 25, 2010 7:00 PM – High School Commons
2	We need your help!
3	What would you like to know tonight? Question and Answer period at end of meeting. Note cards available to write down your questions.
4	The Budget for 10-11 Committee has been formed consisting of community members, staff and board members. We are budgeting for a $450 per pupil cut for 10-11 and will need to cut several hundred thousand dollars from the budget.
5	What is Fund Balance? Assets -Liabilities = Fund Balance Cash on hand (savings, checking) Accounts receivable Inventory and prepaid assets
6	Purpose of a Fund Balance Cash flow Unexpected expenses/reductions in revenue Savings for a specific project
7	Budget Reductions Year Amount 2003-04 $ 330,000 2004-05 121,000 2005-06 196,450 2006-07 240,800 2007-08 601,600 2008-09 103,000 2009-10 481,869 Total $2,074,719
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9	Deficit Budgets Districts cannot adopt a deficit budget. State requires a deficit elimination plan. Two years to get out of deficit. Monthly reporting and monitoring of progress State aid payment can be withheld and in severe cases (Detroit) district can be taken over by the State.
10	Possible Legislation Impacting Education Wages – 5% reduction for all school employees Health Insurance Premiums – 20% employee contribution toward premiums Bidding out support services – Annually bid food service/custodial/transportation Limit administrative costs to 28% of expenditures
11	It’s all about the kids!
12	Typical School District Budget 80% of expense in personnel (wages and benefits) 20% everything else
13	Fiscal Reality - $7,316?
14	Revenues Per Pupil Foundation Grant: $7,316 Per Pupil deduct for 10-11 (450)‏ (165 + 268 = 433) Headlee deduction (30)‏ Actual per pupil $6,836
15	Revenues Continued Actual Per Pupil $ 6,836 Other State Revenue 286 Federal Grants 373 Interest/Rentals/Other Local 59 County Special Ed/Medicaid 507 Total $8,061
16	How it’s spent per student Salaries for all Staff $ 4,672 Benefits for all Staff 2,253 Purchased Services 879 Supplies/Equipment/Interest 835 Transfer to Athletics 124 Total $ 8,763
17	Other Assumptions Retirement rate to 18% $ 49 Step Increases 49 Increase in health insurance (10%) 96 Total $ 194
18	Fund Balance 2011 Fund balance on 1/11/10 $ 794,842 $702 shortfall x students (956,475)‏ Balance $ (161,633)‏ If we do nothing, we are in structural deficit.
19	How much do we need to cut? Under the $702 scenario we would need to cut $200,000 to get to 0. No reserves. To maintain a 5% fund balance we would have to cut approximately $700,000 For budgeting purposes only this assumes no pay increase for any employees
20	18 Mill Non-Homestead Operating Levy Expires December 31, 2010 $547 per student from the levy of 18 non-homestead mils Unsuccessful in restoring the full amount for 5 tries. Entire 18 mils up this year (all or nothing)‏ On the ballot in August 2010
21	Impact of Non-restoration 05/06 17.3111 $ 29,500 $ 29,500 06/07 17.0617 $ 39,400 $ 68,900 07/08 17.0617 $ 44,400 $113,300 08/09 17.0617 $ 37,600 $150,900 09/10 17.0617 $ 37,600 $188,500
22	Ballot History Date Type of Millage For Against Jun-96 18 Mil Operating 275 102 Jun-01 Operating Renewal 260 135 Jun-01 0.9 Millage Restoration 242 152 May-05 1.5 Millage Restoration 359 394 May-06 2.0 Millage Restoration 325 394 Nov-06 0.9 Millage Restoration 1,018 1,470 May-07 2.0 Millage Restoration 344 412 Nov-08 2.0 Millage Restoration 1,304 1,929
23	If 18 Mil Operating Does Not Pass Fund Balance 01-11-10 $ 794,842 $702 per pupil reduction (10-11) (956,475)‏ Operating Reduction ($547 per (745,288)‏ student if not passed) Balance $ (906,921) We are in structural deficit. YIKES!!!
24	Survey Results 275 Visits 139 completions 84% residents 16% non residents
25	Survey Demographics 11% had no children at LPS 4% had children in HUGS 32% had children at Woodworth 53% had children at MS 37% had children at HS 21% had children graduated from LPS 25% had personally graduated from LPS 12% were employees of LPS
26	Survey Results Summary A D N/O Consolidate 29 56 15 Share Supe 77 14 10 Share admin 62 18 19 Share services 62 23 16 Reduce athletics 23 67 11 Cut athletics 10 83 7
27	Results Continued (2) A D N/O Increase pay to play 52 34 13 Reduce Fine Arts 22 73 4 Cut Fine Arts 8 85 7 Pay for Fine Arts 51 38 10 Eliminate busing 25 64 12
28	Survey Results (3) A D N/O Raise taxes 43 40 17 Reallocating taxes 63 13 22 State sponsored Health care 52 20 27
29	Contact your Legislator Senator Valde Garcia www.senate.michigan.gov/garcia Phone: 517.373.2420 Representative Barb Byrum barbbyrum@house.mi.gov Phone: 517.373.0587
30	Questions
31	Thank you for your participation! Our children are our future. Be involved and be informed.