SAS Working Budget 200708

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SAS Working Budget2007-08
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SAS Working Budget 07-08
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SAS Working Budget 07-08
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SAS Working Budget 07-08
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SAS Working Budget 07-08

• Beginning Budget Surplus 519,083
• Inherent Costs/Savings (1,812,023)
• Subtotal (1,292,940)
• New Budget Costs/Savings 607,633
• Budget Deficit (685,307)

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SAS Working Budget 07-08
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SAS Working Budget 07-08

• Outstanding factors
• Negotiation conclusion with ESP, SASAA, SASMA
• Retirement Rate from 17.74 to 18.56 (or 16.72)
• No Increase in Foundation Allowance
• Decrease of Student Enrollment
• Marketing in Schools Policy
• Prorating of the 2006-07 State Foundation Grant
• Health Insurance renewal rate for BCBS for MEBS

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SAS Working Budget 07-08

• Items for Board Discussion and Direction
• Sinking Fund (Pending)
• Schools of Choice
• Privatization of Selected Services
• Transportation Services High School
• Election Date Change
• Fees for Services (Athletics, Extra-Curricular,
  etc)
• Fund Development

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SAS Working Budget 07-08

• Timetable for adoption of Budget
• Must be adopted by July 1, 2007
• Next year revenue will most likely not be decided
  by adoption deadline
• Notice in paper 7-10 days before budget hearing
• Budget hearing for public review prior to board
  action
• Adoption by Board for June 12 or 26

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SAS Working Budget 07-08

• This Concludes the Presentation
• Thank You