Agenda Item
2. Committee of the Whole - Presentation of the Tentative Budget for FY 2024 (Updated 05.08.2023)
Summary: Presented by: Mr. Byron Schueneman, Chief Financial Officer, Division of Finance
Committee of the Whole
May 8, 2023
Board of Education Meeting
FY 2024
Budget
Highlights
2
General Fund Budget Highlights
▪ Salary & Benefits
▪ Fully fund SHBP increase
▪ 403b match for PSERS employees
▪ Full Step
▪ Inflation Protection – 6% COLA
▪ $1,000 supplement for Custodians
▪ Additional hourly rate increases for Bus Drivers, Paraprofessionals, SROs
▪ Personnel
▪ Additional Socio-Emotional Support
▪ Psychologists / Social Workers / School Nurses
▪ Academic Enrichment - Teachers
▪ Gifted/EIP/REP/Art/Music/PE/Health/Lead Teacher Spec. Ed./Library Media Assistants/ESOL
▪ Custodians
▪ Other
▪ Deferred Maintenance
▪ Horizon Schools - Additional instructional and non-instructional support
▪ Funds to begin lighting project on practice fields 3
▪ Athletic trainers
Other Fund Highlights
Special Revenue Capital Projects
• ESSER (CARES II & ARP)/Title • $10M School Design
▪ Sequoyah MS/HS
▪ $1.2M – ADA Assessment
▪ Cross Keys HS addition
▪ $116M – Roof & HVAC
▪ Dresden ES
▪ $27.5M – Hiring/Retention Incentives
• $10M Sprinkler Installation
▪ $14M - Class size reduction
• $60M – Roof, HVAC, Facility Renovations
▪ MTSS Specialist (1/school)
• $17M - Security Technology Upgrades
▪ Air conditioning for buses
▪ Cameras/Access Control/Intrusion Detection
▪ Instructional supplies/adoptions
• $10M – Fire Alarm Upgrades
• $5M – New Buses/Fleet 4
FY 2024 Tentative
Budget
Presentation
5
FY 2024 Budget Presentation
1. General Fund Initiatives (Operational/Allocations/Salary & Benefits)
2. General Fund Revenue Projection
3. General Fund T-Sheet
4. Other Fund Initiatives
5. All Funds T-Sheet
6. Next Steps
6
General Fund Initiatives
• Operational Spending
• Divisions
• 10% reduction from FY23 baseline
• Increase for fuel, contingency, deferred maintenance
• Schools
• $10M – Additional funding for Horizon Schools
• Charter Schools
• 6% growth (based off estimated growth in revenue projection)
• Allocations
• Divisions – zero based approach
• Schools – based on RAMP
• Additional Social-Emotional Support (Psychologist 16 (43 Total), Social Workers 16 (50 Total),
School Nurses 20 (126 Total))
• Academic Enrichment - Teachers (Gifted 26, EIP/REP 105, Art, Music, PE/Health 18, Lead
Teacher Spec. Ed. 15, Library Media Assistants 66, ESOL)
7
General Fund Initiatives
• Benefits SHBP CERTIFIED CLASSIFIED
• $51M – SHBP increase 1-1-2022 $945.00 $945.00
• $300K – 2% 403b match for PSERS 1-1-2023
1-1-2024
$1,580.00
$1,580.00
$945.00
$1,195.00
employees 1-1-2025 $1,580.00 $1,445.00
• Salary 1-1-2025
FY24 INCREASE PP
$1,580.00
$7,620.00
$1,580.00
$2,000.00
• $10.3M – Step increases
• $45.5M – **6% Salary FY2023 6% Raise FY2024 Hourly
• **this is inclusive of & exceeds the $2K Bus Driver* $ 20,099.29 $ 1,205.96 $ 21,305.25 19.73
teacher raise, 5.1% increase for bus Custodian $ 28,350.68 $ 1,701.04 $ 30,051.72 15.27
drivers/SFN/nurses mandated by the
state. SFN Assistant $ 13,966.55 $ 837.99 $ 14,804.54 13.34
• $3.5M - *Additional hourly rate Teacher $ 54,216.00 $ 3,252.96 $ 57,468.96 37.81
increases for select job classes (Bus Paraprofessional* $ 22,432.30 $ 1,345.94 $ 23,778.24 15.98
Drivers, Paraprofessionals, SRO’s)
8
General Fund Revenue Projection
Revenue in Millions
FY2024 518.3 820 73.7
FY2023 496.9 745.9 63
0 200 400 600 800 1000 1200 1400 1600
State (QBE) Property Taxes Other 9
10
Other Fund Initiatives
Special Revenue Capital Projects
• ESSER (CARES II & ARP)/Title • $10M School Design
• $1.2M – ADA Assessment • Sequoyah MS/HS
• $116M – Roof & HVAC • Cross Keys HS addition
• $27.5M – Hiring/Retention Incentives • Dresden ES
• $14M - Class size reduction • $10M Sprinkler Installation
• MTSS Specialist (1/school)
• Air conditioning for buses • $60M – Roof, HVAC, Facility Renovations
• Instructional supplies/adoptions • $17M - Security Technology Upgrades
• Cameras/Access Control/Intrusion
Detection
• $10M – Fire Alarm Upgrades
• $5M – New Buses/Fleet 11
12
NEXT STEPS
FY2024 Budget Millage Rate
May 24th - 28th Mini Sessions
May 8th Tentatively Approve Tentatively Approve
May 9th Post to Website
May 19th BOA Approves Tax Digest Values
May 22nd - 26th Tax Digest Transmitted to DCSD
May 30th - June 4th Notice of Budget Presentations Press Release/Notice of Property
Tax Increase/5 Year History
June 12th 10:30 Budget Presentation #1 10:30 Millage Rate Hearing #1
6:00 Millage Rate Hearing #2
Date - TBD - Virtual 11:00 Budget Presentation #2 11:00 Millage Rate Hearing #3
*Approve FY2024 Budget *Adopt Millage Rate
13
QUESTIONS
14