Newport Schools

1
Newport Schools

• Preliminary Budget
• 2007-2008

2
Budget Process
3
Budget Process
4
Budget Process

• Budget Priorities
• Support educational programs that are successful.
• Provide extra-curricular program.
• Provide for professional development.
• Improve and maintain facilities and grounds.
• Provide for transportation.
• Pay debt.
• Maintain reserves.

5
Budget Process

• Budget Guidelines
• Be fiscally responsible.
• Meet state and federal mandates.
• Plan for the future.
• Invest wisely and provide for regular and
  efficient maintenance.
• Be transparent.
• Be realistic.

6
Budget Goals - Successful Negotiations -
Capital Reserve build-up for elementary
project - Maintain Operations - Maintain Fund
Balance - Tax increase index (see
above)Budget Synopsis - Show 1/3 mill
decrease (attrition/other) - earmarked for
elementary project to Capital Reserve - Maintain
Fund Balance - Current millage rate -
Milestones including paid-off debt
serviceExploratory Goals - Pre-K project -
Elementary Facilities0708 Budget - Act 1
impact referendum - Maintain operations -
Personnel0809 Budget - Act 1 impact and
referendum - Impact of project (completion in
08) - Maintain operations - CBA impact -
PersonnelOctober 2006 KHelm
7
Expenditure History

• Year Actual/Budgeted Increase/(decrease)
• 2001-02 10,814,431
• 2002-03 11,497,735 683,304 6.3
• 2003-04 12,167,118 669,383 5.8
• 2004-05 12,887,916 720,798 5.9
• 2005-06 13,320,128 432,212 3.4
• 2006-07 13,901,020 580,982 4.4
• 2007-2008 14,350,072 449,052 3.2
• Revenue surplus/(deficit)
• 2002 2003 2004 2005
  2006 2007 2008
• 200,264 (139,896) (178,879)
  (17,055) (443,516) 68,920 0
• Projected

8
Expenditures by Function
2006 budgeted 2007 - projected
9
2006-2007 Expenditures
4
1
2
26
67
10
Major Impacts

• Salaries Wages
• Benefits
• Medical Insurance
• Retirement
• Special Education
• Facilities Maintenance
• Cyber Schools
• Building Project
• Mandates

11
Revenues By Source
12,870,861
12,876,612
13,969,948
11,014,695
11,637,631
11,988,239
12
2005-2006 Revenues
5
37
58
13
2006-2007 Revenues
5
38
56
14
State Revenues
15
Top Ten State Revenue Categories
16
Top Ten Local Revenue Sources
17
Real Property Assessed Values

• Increase
• 2002 282,882,860
• 2003 283,557,560 674,600
• 2004 287,102,029 3,544,469
• 2005 290,658,000 3,555,971
• 2006 295,926,680 5,268,680

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Assessment by Land Use
19
Assessment by Land Use
20
Top Ten Real Property TaxPayers

• Owner Property
  2006 Assessed Value
• Newport Plaza Associates Shopping Center
  4,513,120
• Perry Manor Associates Apartments 2,516,520
• Weis Markets Supermarket 1,521,700
• Individual Office Building 1,430,230
• Republic Development Corp. Apartments
  1,390,900
• Individual Farm 1,049,110
• Individual Manufacturing 885,660
• Individuals Private Club 789,510
• Individual Farm 699,910
• Individual Warehouse 691,200

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Newport School District Demographics2000 Census

• Age Range
• 0-17 1,925 26
• 18-24 555 07
• 25-34 980 13
• 35-44 1,225 16
• 45-54 1,100 15
• 55-64 795 11
• 65 up 910 12

Homeownership Homeowners 2,210 75 Renters
720 25 Total 2,930
Household Income Owner occupied
46,002 Renter occupied 26,800
22
Revenues By Source
12,870,861
12,876,612
13,969,948
11,014,695
11,637,631
11,988,239
23
Expenditures vs. Revenues
68,920
(17,055)
139,896
(443,516)
(178,879)
200,264
24
Expenditure Summary
25
Revenue Summary 0708

• Local 5,847,645
• State 7,779,247
• Federal 723,180
• Total 14,350,072

26
2007-2008 Revenues
5
41
54
27
Revenue Summary
13,969,948
14,350,072
11,014,695
11,637,631
11,988,239
12,870,861
12,876,612
Projected
28
2007-2008 Proposed Budget Summary

• Total Expenditures 14,689,131
• 5.67 increase from 2006-07
• Total Revenue 14,350,072
• 2.64 increase from 2006-07
• Difference 339,059
• Proposed Millage
• Rate Increase 1.165 mills
  339,015
• Proposed millage rate for 2007-08 is 13.325.
• 1 mill 291,000

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Effect of Millage Increase
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Questions?

• Where are we now?
• Where do we want to go?
• What will it take to get there?
• What can we realistically do?
• What can we afford to lose?
• What is our number one goal?
• If I controlled the budget, what would I do?