Agenda - 09-23-2010 - 1 - Laserfiche WebLink

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10 n services the Child Nutrition Pro am, and • The distnct reduced expenditures for ce tral , �' utilities by$564,249. Consequently, the net increase in local budget expenditures was $304,223. The County per-pupil appropriation remained the same at $3096,but the additiona194 students projected to enroll generated an additional $293,9Q0 from the Caunty appropriation. On the other hand, the projected revenues from the special district tax were budgeted at$122,190 less than we received in 2009-1 Q. The$70,040 increase in appropriated fund balance and other minor local revenue adjustments totaling$63,213 allowed us to balance our local budget. , It shauld be noted that a much more negative outcome was averted by the Board of County Cammissioners decreasing the district's CIP Pay-As-You-Cxo appropriation by approximately$1.1 million and using these revenues to suppart the operating budget. Although this stopgap measure was justified and appreciated this year,we would not expect this decrease in CIP revenues to continue indefinitely into the future. State Bndget Turning to the state budget, the discretionary reduction in 2049-10 of$1,903,379 was continued into 2010-11. 'I'!te amount was increased this year by$663,291. This meant that we had to reduce our state apprapriation by a total of$2,Sb6,670. Ta accomplish this, we returned to the state the same 31 teaching positions as in 2009-10,reduced funding for Career and Technical Education ($330,OOQ}, further reduced utilities ($177,665}, eliminated rnembership dues to the Triangle Leadership Academy($SS,Q00}, . and reduced funding for teacher assistant salaries{$103,518}. In addition, ather state budget lines were reduced by$158,028. In addition to these reductions, the state eliminated all funding for textbooks and retluced the supplies and equipment budget line by$461,88U, Fortunately,the supply and equipment reduction was compensated with the same amount af federal stabilization funds. Federal Budget The state's education budget is supported by an unprecedented infusion of federal dollars of about$730 million that expire at the end of the 2010-I 1 budget year{See Attachment No. 2). If these federal funds are not extended and if the state budget cuts are not restored, the CHCCS district faces a potential loss of$7 million. The reductians are autlined on Attachment No. 3. This is what is referred to as the"funding cliff'that the state and schaal disixicts could be facing for the 2011-12 school year. , Across the country, some states were facing such a"cliff'this year. The threat of hundreds of thousands of teachers losing their jobs prompted the passage of a$10 billion Education Jobs bill appraximately two weeks before schools were to open. Because we had already plaruied for reduced local and state funding levels and knowing that this was non-recurring funding that we had two years to expend, the Board decided, essentially, to "bank"the$2.3 million that we will receive. The funds can be used to retain positions; therefore, we will expend these funds to support some current local and/or federally paid staff. This will build up a reserve in our local fund balance and/or federal accounts. This will allow us to have additional funds to cushion the"cliff"effect in 2011-12. As a result •