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30 <br /> 1 Slide #12 <br /> FY 2022-23 <br /> Results <br /> - • <br /> LU <br /> Operations <br /> B. • • • <br /> r <br /> Est.7909 <br /> •♦ 2-... <br /> • <br /> 2 <br /> 3 <br /> 4 Slide #13 <br /> Looking Back... <br /> In the the FY 2022-23 CHCCS Board Adopted Budget, bold strategies were <br /> considered,and acted upon,to strengthen the District's position to attract and <br /> retain highly qualified staff to deliver and support the instruction received by our <br /> students.These strategies included: <br /> • Salary increases for our classified staff <br /> • Local supplement increases to our certified staff, <br /> • Other staff-related recruitment and retention strategies <br /> The CHCCS Board of Education approved the appropriation of$5.125 million from <br /> their existing unassigned local fund balance to fund these bold actions <br /> eo- —b—CNs r,oi: -_r=_ prepared by Business and Financial Services THINK(AND ACTe <br /> 5 <br /> 6 <br /> 7 Slide #14 <br /> Fiscal Results in FY 2022-23 <br /> The combination of the fund balance appropriation and higher-than-expected <br /> continuation costs created an clear structural deficit situation for the the Fiscal <br /> Year 2022-23 local fund <br /> Preliminary estimates indicate that there will be an approximate$6.5 million <br /> reported loss to the local fund once the district's financial statements are audited <br /> This loss is approximately$1.38 million above the Board's 2022-23 original <br /> projection and local fund balance appropriation <br /> cnr• ,l Hai-C—bar,cry scion I ch--g Prepared by Business and Financial Services TH I N K(AN D ACT)ENNUMM <br /> 8 <br />