Agenda - 09-30-2014 - 1-5 - Laserfiche WebLink

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classes. Many of our principals have already received SIT support and have requested an exchange of teacher assistants to avoid having a 415 combo. Hiring Bonuses: In July the Board approved the use of $60,000 for hiring bonuses for the 2014- 15 school year in designated high needs areas. We must now add funding for that expenditure to the budget. State Mandates: We had previously requested additional local funds to support the Read to Achieve six -week summer reading camp for non - proficient grade 3 students as required by state law. Legislative changes have provided greater flexibility and reduced the number of days students must attend the camp. As a result we do not need the additional $50,000 requested. However, all districts must develop and submit a local differentiated pay plan. As previously mentioned we need $150,000 in additional funding to support the development of our local plan. After accounting for these changes along with other aspects (retirement rate changes, medical insurance, unemployment, etc.) of our local plan and after considering our local revenue growth, we arrive at a budget shortfall of $911,130. Therefore we are recommending a total of $911,130 in budget reductions to balance our budget based on the aforementioned changes. The list and brief descriptions are presented below. The budget reductions represent the list of reductions that had Board consensus in July and the custodial services recommendation. As the Board is aware, these recommendations were being made after several opportunities for input and feedback. Many of these were brainstormed with principals and Board members at the Board planning retreat. We also conducted a "focused dialogue" to gain feedback and input of our parents and teachers. We modified our original recommendations based on feedback at the focused dialogue. A public hearing has been held and most of these budget reductions have been discussed at multiple Board meetings this past spring and summer. Ultimately we sought to minimize the impact at the schools the best we could, given our past history of reductions and the current situation. Item FTE Amount Central Office Reorganization Salary Reduction 25,000 Reduction in Central Office Contracted Services 60,000 Northside Start -up Reduction 32,000 NCVPS Local Reserve Reduction 150,000 Class Size Minimums at Secondary Level (2.2FTE) 2.2 157,326 Reduce Gifted Specialists (4.5 FTE) 4.5 321,804 Reduce Driver Education Local Subsidy 40,000 Custodial Reductions 6 125,000 Total 12.7 $ 911,130 1-3