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12 <br /> 1 Slide #14 <br /> Financial Position Prior to Budget Adoption <br /> ImpactBudgetary Item Budgetary <br /> Revenues: <br /> 2.4%Increase to Special District Tax(Inflationary) $676,000 <br /> 517.Increase from BOCC Manager's Proposed Budget $2,966,368 <br /> Total Revenue Increase $3,642,368 <br /> Continuation Costs: <br /> 317.State mandated Salary Increases $ 1,626,950 <br /> Matching Benefit Increases $934,300 <br /> Jon-salary Operating Cost Adjustment $740,000 <br /> Total Estimated Continuation Costs $3,301,250 <br /> Resulting Total Estimated Budgetary Surplus(FY2024.25 Continuation Only) $341,118 <br /> Estimated Budget Deficit from FY 2023-24 $(5,599,844) <br /> Het Budget Shortfall in FY 2024-25 Prior to Budget Adoption <br /> 2 <br /> 3 Jonathan Scott said the school board intends to adopt a continuing budget resolution on <br /> 4 October 15. He said that the proposed special tax district increase of 0.4% results in roughly$3.6 <br /> 5 million. <br /> 6 <br /> 7 Slide #15 <br /> Impact of Adopted Spending Reduction Plan <br /> Budgetary . . <br /> (Beyond FY 2024-25) <br /> Net Budget Shortfall in FY 2024-25 <br /> Prior to Budget Adoption $ (5.258,756) $ (5,258,755) <br /> Tier I: Corrective Action Plan from 2,395,000 2,395,000 <br /> FY 2023-24 <br /> Tier II: Central Office and Ancillary 2,034,747 2,364,457 <br /> Support/Central Services <br /> Tier III: Instructional Support and 835,305 5,126.500 <br /> Non-Core Teaching Roles <br /> _ F <br /> g CHCC:S <br /> 9 Jonathan Scott discussed the three-tiered approach that will resize the district to put them <br /> 10 back on a financially sustainable course. He said that plans implemented last year and continued <br /> 11 through this year will net them around $2.5 million each in tiers 1 and 2 and tier three near $5 <br />