may 28, 2009. 2/14/2014st. louis public schools2

May 28, 2009

04/10/23St. Louis Public Schools 2

General Operating Federal Stimulus

Food Service

Capital Projects

Debt Service

Trusts & Agencies Total District

Revenues: Local Revenues 201,826,346$ -$ -$ 701,787$ -$ 26,479,264$ 362,642$ 229,370,038.39$ County Revenues 2,717,755 - - - - - 2,717,755 States Revenues 80,258,708 - - 74,755 9,000,000 - 584,322 89,917,785 Federal Revenues 4,370,000 53,494,493 23,019,861 11,879,124 - - 1,277,600 94,041,078 Total Revenues 289,172,809$ 53,494,493$ 23,019,861$ 12,655,665$ 9,000,000$ 26,479,264$ 2,224,564$ 416,046,656$

Salary & Benefit Expenditures: Regular Salaries 126,263,158$ 25,781,122$ 2,536,232$ 13,559$ -$ 397,628$ 154,991,699.11$ Temporary / Overtime 10,551,036 4,064,771 534,178 67,500$ 74,339 - 255,332 15,547,157 Fringe / Benefits 50,462,119 10,737,217 1,070,314 7,054 26,751 - 185,734 62,489,189 Total Salaries & Benefits 187,276,313$ 40,583,110$ 4,140,725$ 74,554$ 114,650$ -$ 838,694$ 233,028,045$

Non-Payroll Expenditures: Purchased/Professional Services 47,781,221$ 8,408,946$ 9,780,000$ 12,581,111 28,265,459 -$ 515,000$ 107,331,736.69$ Property Services 16,271,586 11,855 - - 8,200 16,291,641 Contracted Transportation 24,064,120 1,839,078 1,800,000 - - 30,000 27,733,198 Operational Expenditures 13,174,092 6,104,934 2,326,490 - - - 801,101 22,406,616 Debt Obligations 568,104 - - - - 26,479,264 - 27,047,368 Total Non-Payroll Expenditures 101,859,123$ 16,364,813$ 13,906,490$ 12,581,111$ 28,265,459$ 26,479,264$ 1,354,301$ 200,810,560$

Total Expenditures 289,135,436$ 56,947,923$ 18,047,214$ 12,655,665$ 28,380,108$ 26,479,264$ 2,192,995$ 433,838,605$

Net Add. /(Depletion) of Reserves 37,373$ (3,453,430)$ 4,972,647$ (0)$ (19,380,108)$ 0$ 31,569$ (17,791,949)$

Beg Unaudited Fund Balance (48,930,143)$ 4,278,034$ -$ -$ 106,382,154$ 29,024,158$ 823,670$ 91,577,873$

Ending Unaudited Fund Balance (48,892,770)$ 824,604$ 4,972,647$ (0)$ 87,002,046$ 29,024,158$ 855,239$ 73,785,924$

SAINT LOUIS PUBLIC SCHOOLSFY2009-10 TOTAL DISTRICT PROPOSED BUDGET SUMMARY

May 14, 2009

The annual budget presents a complete financial plan and includes the following:

Important features and major changes from the preceding year

Projected revenues and expenditures from all sources with a comparative statement for the two preceding years, itemized by year, fund, source and activity

Interest, amortization and redemption amounts due on debt funds

A general budget summary

In no event shall the total proposed expenditures from any fund exceed the estimated revenues to be received plus any unencumbered balance

or less any deficit estimated for the beginning of the budget year….

04/10/23 5St. Louis Public Schools

The Fiscal Year 2010 budget includes several base assumptions:

1. No deficit spending

2. School closing savings of $12.2M1

3. Magnet schools staffed better than the MSIP desired ratios (currently underfunded)

4. Student enrollment projected at 24,9542 vs. 25,906

Preschool @ 1,1162 vs. 1,432

K-12 @ 23,8382 vs. 24,474

1 - Continuation of school(s) for alternative education not included

2 – Source, Planning Dept., April 17, 2009

Fiscal Year 2009-10Executive Summary


The Fiscal Year 2010 budget is marked with several challenges and key issues:

1. Projected revenue = $289.0M1

Revenue down $17.0M

Current/Delinquent Taxes (2.0M)

Prop C (1.0M)

VICC (1.0M)

Basic Formula (11M)

ERATE (1.5M)

Medicaid (.5M)

1Includes potential $3.0M DESE funding increase



The Fiscal Year 2010 budget is marked with several challenges and key issues:

2. Budget gap of $53.0M

3. FY09-10 projected enrollment to decrease by 9521

compared to April 16, 2009 enrollment

4. Charter enrollment projected to increase by 1,000 (10%)

1 - Decrease based on enrollment as of April 16, 2009




FY08-09

Current

FY09-10

Proposed

CHANGE

%

Revenues $306 $289 ($17) (5.5)

Expenditures $342 $289 ($53) (15.5)

Deficit Spend

($36) 0


FY07-08 Actual

Budget %

FY08-09 Amended

Budget %

FY09-10 Proposed

Budget %

FY10 - FY09 Variance

Variance %

Local Revenues 218,032$ 64.1% 203,372$ 66.5% 201,826$ 69.8% (1,546)$ -0.8%

County Revenues 2,785 0.8% 2,911 1.0% 2,718 0.9% (193) -6.6%

State Revenues 115,600 34.0% 92,738 30.3% 80,259 27.8% (12,479) -13.5%

Federal Revenues 3,655 1.1% 6,660 2.2% 4,370 1.5% (2,290) -34.4%

Total Revenues 340,072$ 100.0% 305,681$ 100.0% 289,173$ 100.0% (16,508)$ -5.4%

Salary & Benefit Expenditures:

Regular Salaries 155,358$ 46.0% 144,886$ 42.3% 126,263$ 43.7% (18,623)$ -12.9%

Temporary / Overtime 14,205 4.2% 14,621 4.3% 10,551 3.6% (4,070) -27.8%

Benefits 56,128 16.6% 58,049 17.0% 50,462 17.5% (7,586) -13.1%

Salary & Benefit Expenditures 225,691$ 66.8% 217,555$ 63.6% 187,276$ 64.8% (30,279)$ -13.9%

Non-Payroll Expenditures:

Purchased/Professional Services 47,660$ 14.1% 59,169$ 17.3% 47,781$ 16.5% (11,388)$ -19.2%

Property Services 15,790 4.7% 17,822 5.2% 16,272 5.6% (1,550) -8.7%

Contracted Transportation 34,525 10.2% 31,664 9.3% 24,064 8.3% (7,600) -24.0%

Operational Expenditures 12,870 3.8% 14,944 4.4% 13,174 4.6% (1,770) -11.8%

Debt Obligations 1,083 0.3% 1,083 0.3% 568 0.2% (515) -47.5%

Non-Payroll Expenditures 111,928$ 33.2% 124,682$ 36.4% 101,859$ 35.2% (22,823)$ -18.3%

Total Expenditures 337,620$ 100.0% 342,238$ 100.0% 289,136$ 100.0% (53,102)$ -15.5%

Saint Louis Public Schools

FY 2009-10 Proposed BudgetGeneral Operating Funds

(in thousands)


Three Year Revenue Summary

Revenue Source FY08 Actual FY09 Amended FY10 Proposed FY10 - FY09

Variance % FY10 - FY08

Variance %

LOCAL REVENUES 218,032,150 203,371,874 201,826,346 (1,545,528) -0.8% (16,205,803) -7.4%Property Taxes 150,539,039 146,621,194 148,133,630 1,512,436 1.0% (2,405,409) -1.6%Current Taxes 54,779,955 49,565,680 46,972,716 (2,592,964) -5.5% (7,807,239) -14.3%Other Local Revenue 11,221,455 7,075,000 5,610,000 (1,465,000) -26.1% (5,611,455) -50.0%Sale of Property 887,706 - 1,000,000 1,000,000 100.0% 112,294 12.6%

COUNTY REVENUES 2,784,670 2,910,815 2,717,755 (193,060) -7.1% (66,915) -2.4%

STATE REVENUES 115,600,067 92,738,205 80,258,708 (12,479,497) -15.5% (35,341,359) -30.6%Basic Formula 92,829,702 73,621,916 62,359,837 (11,262,079) -18.1% (30,469,865) -32.8%Classroom Trust 10,075,438 7,281,288 6,928,871 (352,418) -5.1% (3,146,567) -31.2%Transportation 12,381,758 11,550,000 10,800,000 (750,000) -6.9% (1,581,758) -12.8%

FEDERAL REVENUES 3,654,946 6,660,000 4,370,000 (2,290,000) -52.4% 715,054 19.6%Other (ERATE) 1,049,340 1,960,000 1,320,000 (640,000) -48.5% 270,660 25.8%Medicaid Direct Prov 162,885 1,200,000 450,000 (750,000) -166.7% 287,115 176.3%Medicaid Case Mgmt 2,442,720 3,500,000 2,600,000 (900,000) -34.6% 157,280 6.4%

Total $340,071,832.31 $305,680,893.95 $289,172,809.16 ($16,508,084.79) -5.7% ($50,899,023.15) -15.0%


School Closing Savings1 (62) 12.2Staff Reductions2 (354) 20.7Central Office Reductions 4.8Special Education Stimulus 8.5Substitute Costs 4.5Reduction-in-Force Costs -1.0Other Savings Opportunities 3.3

Total $53.0

1 - Includes $5.1M in staff reductions

2 - Possibly 95 positions Title I funded

Revenue Estimates1

Enrollment: SLPS & Charter Schools

VICC Local Effort and Special Education Legal Settlements

Transportation

Energy Costs

Stimulus Plan

1 - Based on current information


Title I – FY10 Regular Allocation 20.1MTitle I – FY10 Stimulus Allocation 14.0MTitle I Total $34.1M

GOB Leveraged $ 6.1M

Special Education – FY10 Regular Allocation 7.7MSpecial Education – FY10 Stimulus Allocation 8.5MSpecial Education Total $16.2M

GOB Leveraged $ 8.5M


Increase Student Attendance

Tax Rate Increase

Stimulus Construction Bonds


Other Cost Saving Options

1. Salary Reductions

2. Increase Employee Retirement Contribution

3. Reduce Health Care Costs

4. Reduce Number of Workdays

5. One-time Revenue• Desegregation Fund Flexibility• “No Tax Increase” Bond• Additional Building Sales ($1M assumed)


may 28, 2009. 2/14/2014st. louis public schools2

Documents

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budget year

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