Pursuing Excellence Pursuing Excellence through efficient and effective operationsthrough efficient and effective operations
School BoardSchool Board’’s Approved FY2013 Financial Plans Approved FY2013 Financial Plan
February 28, 2012February 28, 2012
Dr. Marcus J. Newsome, SuperintendentDr. Marcus J. Newsome, Superintendent
Employers want these skills
2
• adaptability/flexibility
•Critical Thinking/Problem solving
•Teamwork/collaboration
•Leadership
•Information Technology
•Application
•Professional work ethic
•Creativity/Innovation
•Written Communication
•lifelong learning/self-direction
•Understanding of globalization
•Civic/community participation
What skills will I need
to graduate college and
career ready?
� No classroom reductions
� Restoration of FY2011
2%-3% pay cut
� Beginning in FY2013,
new employees will contribute
5% of salary to VRS
3
School Board’s Approved Financial Plan
FY2013 Summary
FY2012 Approved Budget $522.1
Changes for FY2013:
VRS rate increase (12.21% to 18.96%) 16.7
health care cost increase 1.3
restore pay cut ($7.0 M total - current year bonus) 1.0
attrition (retirements, etc.) (2.0)
replacement buses 2.0
use of prior year’s reserve (6.5)
new employees pay 5% share of VRS (0.6)
4
FY2013 Approved Expenditures
($ in millions)
Changes for FY2013 (cont):
textbook funding (0.5)
eliminate unallocated positions (9 FTES) (0.3)
reduce central operating budgets (5%) (0.3)
reduce fund balance (0.2)
other changes * (0.1)
FY2013 Approved Budget $532.6
* Includes a $25K funding reduction for the Education Foundation
5
FY2013 Approved Expenditures
($ in millions)
FY2012 Approved Budget $522.1
Changes for FY2013:State aid 3.1State sales tax 5.4County revenue 2.3 CCPS (prior year savings) (2.7)County (one-time capital) 2.0Federal funding (9.7)Gainsharing 3.0Student parking fee (increased to $50) 0.1Federal/state/county 7.0
FY2013 Approved Budget $532.66
FY2013 Approved Revenues($ in millions)
• Full funding of SOQ re-benchmarking
• Realistic funding recovery strategy for VRS teacher pool
• Suspend required local match for these initiatives: Class Size Reduction and VPSA Technology
� Flexibility to use SOQ algebra readiness for any instructional support
� Flexibility to use preschool
initiative funding
7
Legislative Priorities for FY2013
Classroom
Teachers
Principals
Superintendent
School Board
Schools’ Directors(elementary, middle ,
high)
Community
Technology
Director
Instructional Directors(curriculum & instruction,
exceptional education)
Support Directors(transportation, facilities,
school nutrition)
Division Direction
Identify Needs:
Staffing
Materials
Facility
Use expertise to:
Evaluate &
Align
Sets Priorities
8
The FUTURE
How does our community
expect
our school system to
prepare for the FUTURE?
Executive Team – Budget Advisory Council – County Budget Committee
CCPS
Technology
Plan
PDK
Audit
MGT
Study
Expertise of many teams
and committees
2+ years of study
183 public meetings
200+ community
members
60+ meetings
Over 40,000 hours
46 different community
members &
200+ recommendations
over 25 years
Comprehensive
Plan
Design for
Excellence 2020
Committee on
the Future
School Board &
Superintendent
Target for Chesterfield County
2020
Maximize
Program Offerin
gs
Facility Use
9
Design for Excellence 2020
(technology component) May/June 2012
Comprehensive Plan June/July 2012
2014-2018 CIP (schools) September 2012
FY2014 Operating Budget (schools) November 2012
10
Future Important Dates
Questions