FY0910 PROPOSED GOB BALANCED BUDGET MODEL

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FY0910 PROPOSED GOB BALANCED BUDGET MODEL

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Title: FY0910 PROPOSED GOB BALANCED BUDGET MODEL

1
FY09-10 PROPOSEDGOB BALANCED BUDGET MODEL

May 14, 2009

2
RSMo 67.010Annual Budget Compliance Requirements
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.

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

3
Fiscal Year 2009-10 Executive Summary

The Fiscal Year 2010 budget includes several base
assumptions
No deficit spending
School closing savings of 12.2M1
Magnet schools staffed better than the MSIP
desired ratios (currently underfunded)
Student enrollment projected at 24,9542 vs.
25,906
Preschool _at_ 1,1162 vs. 1,432
K-12 _at_ 23,8382 vs. 24,474
1 - Continuation of school(s) for alternative
education not included
2 Source, Planning Dept., April 17, 2009

4
Fiscal Year 2009-10 Executive Summary

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

5
Fiscal Year 2009-10 Executive Summary

The Fiscal Year 2010 budget is marked with
several challenges and key issues
Budget gap of 53.0M
FY09-10 projected enrollment to decrease by 9521
compared to April 16, 2009 enrollment
Charter enrollment projected to increase by 1,000
(10)
1 - Decrease based on enrollment as of April 16,
2009

6
Two-Year Budget Comparison (M)

7
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8
Three Year Revenue Summary
9
Fiscal Year 2009-10 Budget Gap
Recommendations (M)
10
FY09-10 Budget Risks