1	South Kingstown Public Schools 2005-2006 Budget Forecast
2	Why This Presentation? Revenue changes Expenditure changes Continuing impact Program and Structure Policy Questions
3	Goals To develop community understanding of the financial status of the school district To identify policy implications for the School Committee To begin public discussion of resolution options
4	Assumptions Trending plus known Not restoring cuts Contingency plus 3% Health care at 10% (1% = $58,647)
5	Revenue State Aid @ 1% PTA @ 5.5% No undesignated funds Total increase 4.1% $2,006,657
6	Expenditures Teachers Retirement 8.72% to 12.06% $ 1,000,000 Charter School – students plus rate $ 725,000 Capital 5200 as proposed in September
7	Net Result Revenue Forecast $2,006,657 Expenditure Forecast $4,860,191 Budget gap $2,853,534
8	What If… State Aid and PTA - same increase as this year (0% and 2.9%) Applied to budget forecast Reduction required = $3,929,665
9	Resolutions Change assumptions Increase revenue Decrease expenditures Combination Dispute Resolution
10	Another View Budget Forecast $ 53,674,068 Miscellaneous Revenue $ 1,253,000 Balance $ 52,421,068 Current State Aid $ 9,766,904 Current PTA $ 37,633,138 Total $ 47,400,042 Difference $ 5,021,026 As percent 10.6% Percent of budget 9.4% State Aide ? Property taxes ? Budget Reductions ?
11	Policy Questions What level of support can the public schools expect from the community? What relationship do we want to have with our employees? How different are we willing to look to save money?
12	Programmatic Questions How can we become more efficient? What are we willing to do without? What must be protected? What will we value most?