School Board Approved Budget:FY 2012-13

Submitted to Board of Supervisorsfor Approval

Rockingham County Public Schools

March 28, 2012

School Board Approved Budget:FY 2012-13

Submitted to Board of Supervisorsfor Approval

Rockingham County Public Schools

March 28, 2012

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2012-2013 RCPS Budget Timeline

Oct, 2011 Budget process begun

Jan 10, 2012 Public hearing at CRES

Jan 23, 2012 Board reviewed all expenditure requests

Feb 13, 2012 Board reviewed Governor’s budget

Feb 27, 2012 Governor, Senate & House budgets

Mar 12, 2012 Budget Priorities Discussed

Mar 21, 2012 Superintendent’s Recommended Budget

Mar 26, 2012 Public Hearing at DLC

Mar 28, 2012 Board Approved Budget

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Expenditure Highlights

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Expenditure Highlights (continued)

VRS “5 for 5” Shift (Plan 1 Employees) $578,930o From VRS line to salary lineo Increased expense to RCPS

VRS Hold Harmless (Plan 1 Employees) $485,260o Increased employee FICA on 5% adjustment

in salary

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Expenditure Highlights (continued)

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Expenditure Highlights (continued)

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Expenditure Highlights (continued)

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Expenditure Highlights (continued)

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Expenditure Reductions

Supplemental Retirement Program $200,000

Transportation $50,000

Maintenance $50,000

Food Service $96,000o Transfer of Funding Source for Food Service Expense

Technology (2 positions - attrition) $100,000

Additional Reductions TBD $140,000

TOTAL $636,000Slide 12

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Revenue Highlights – StateBased on House Version

No General Assembly Approved Budget

Overall State Funding Down $153,459

Contributing Factors:o Decreased ADM (11,350 -> 11,203)o Increased Composite Index (34.89 -> 36.75)

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Revenue Highlights - Federal

Title II Part A Decrease $168,000

Title II Part D Eliminated $12,500

Federal Jobs Bill Revenue $2,526,000

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Revenue Highlights - Local

*Change from March 21, 2012 request

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The Good News in this Proposed Budget

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Rockingham County Public Schools--

Where Excellence is Commonplace

Rockingham County Public Schools--

Where Excellence is Commonplace

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