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Albion Deficit Elimination Plan

Albion Deficit Elimination Plan

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Published by Justin Hinkley
Albion's 5-year plan to eliminate a budget deficit that will be $106,160 by the end of the upcoming school year.
Albion's 5-year plan to eliminate a budget deficit that will be $106,160 by the end of the upcoming school year.

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Published by: Justin Hinkley on Aug 09, 2013
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NOYESNOYESNOYESStep 1: Complete
Contact
Worksheet.Step 2: Input
Local Revenue
data for deficit year and estimates for current andsubsequent years to calculate effect onGeneral Fund.Step 4: Input membership, foundation,taxable value, and Spec. Ed. Data for 2013-2014 to calculate
2013-14 StateFoundation e
ffect on General Fund.Step 7: Input applicable State fundedprogram data for deficit year  and estimatesfor current year and subsequent years tocalculate
Total State Revenue
effect onGeneral Fund.Step 8: Input applicable Federal fundedprogram data for deficit year andestimates for current year and subsequentyears to calculate
Federal Revenue
effecton General Fund.Step 9: Input Instruction expenditure datafor deficit year and target expenditure datafor current year and subsequent years tocalculate
Instruction
effect on GeneralFund.Step 11: Input Support expenditure datafor deficit year and target expenditure datafor current year and subsequent years tocalculate
Support
effect on GeneralFund.Step 10: Input details of change ininstruction expenditures to calculate
Instruction Change
.Do totals from
InstructionChange
equal differencecolumn from
Instruction
?Step 12: Input details of change in supportexpenditures to calculate
Support
Change
.Do totals from
SupportChange
equal differencecolumn from
Support
?Step 13: Input all missing items on
DEP
,including beginning fund balance, Revenuefrom Other Political Subdivisions, andIncoming Transfers.Step 5: Input estimated membership,foundation, taxable value, and Spec. Ed.Data for 2014-2015 to calculate
2014-15
 
State Foundation
effect on General Fund.Is the ending fund balance(Line 29) (Cell Q32) a non-negative number?Step 13b: Return to previous steps andestablish revenue increases or expenditure reductions in order to yieldnon-negative ending fund balance.Step 14: Complete a Budgetary ControlReport for each
Month
until the deficitelimination process is completed or a newplan is approved by MDE.Step 3: Input membership, foundation,taxable value, and Spec. Ed. Data for 2012-2013 to calculate
2012-13 State
Foundation
effect on General Fund.Step 6: Input estimated membership,foundation, taxable value, and Spec. Ed.Data for 2015-2016 to calculate
2015-16
 
State Foundation
effect on GeneralFund. Continue as needed.
 
District InformationDistrict Name
Albion Public Schools
District Code
13010
AddressSuperintendent InformationName
Jerri-Lynn Williams-Harper
Email Address
harperj@albionschools.net
Office Phone
(517) 629-9166, ext 3
Cell
(810) 280-7079
Business Manager InformationName
T. Scott Blankinship
Email Address
sblankinship@marshall.k12.mi.us
Office Phone
(269) 781-1261
Cell
(517) 285-3287
Board President InformationName
Al Pheley
Email AddressOffice Phone
(517) 629-9166, ext 3
CellUnion President InformationNameEmail AddressOffice PhoneCell
 
Local Revenue WorksheetTable I
1
Local Revenue WorksheetPreliminary Actual2012-13Budgeted 2013-14 Diff Estimated 2014-15 Diff Estimated 2015-16 Diff Estimated 2016-17 Diff Estimated 2017-18 DiffExplanations for Variance > 20%
2General Millage (111)(114)(12x)1,308,510.001,308,510.000.00%1,308,510.000.00%1,308,510.000.00%1,308,510.000.00%1,308,510.000.00%3Penalties and Int Earned on Tax (119)0.000.00NA0.00NA0.00NA0.00NA0.00NA4Tuition from Individuals (13x)0.000.00NA0.00NA0.00NA0.00NA0.00NA5Transport from Individuals (14x)0.000.00NA0.00NA0.00NA0.00NA0.00NA6Earnings on Investments (15x)0.000.00NA0.00NA0.00NA0.00NA0.00NA7Revenue from Student Activities (17x)0.000.00NA0.00NA0.00NA0.00NA0.00NA8Community Service Revenue (18x)0.000.00NA0.00NA0.00NA0.00NA0.00NA9Rentals (191)60,000.0070,000.0016.67%70,000.000.00%70,000.000.00%70,000.000.00%70,000.000.00%10Private Donations (192)0.000.00NA0.00NA0.00NA0.00NA0.00NA11Other Misc, Local (16x, 199)253,202.0091,490.00-63.87%91,490.000.00%91,490.000.00%91,490.000.00%91,490.000.00%12
Total Local (1xx) This will populatethe DEP Line 31,621,712.001,470,000.001,470,000.001,470,000.00
0.00%
1,470,000.00
0.00%
1,470,000.00
0.00%13Other School District Tuition (511)0.000.00NA0.00NA0.00NA0.00NA0.00NA14Other School District Transport (512)0.000.00NA0.00NA0.00NA0.00NA0.00NA15ISD Collected Millage (513)0.000.00NA0.00NA0.00NA0.00NA0.00NA16Compensation for Services Provided toOther Public Schools (518)0.000.00NA0.00NA0.00NA0.00NA0.00NA17Other Distributions from Other PublicSchools (519)815,607.00329,863.20-59.56%375,000.0013.68%375,000.000.00%375,000.000.00%375,000.000.00%18
Total from other Public Sch (51x)This will populate the DEP line 4815,607.00329,863.20375,000.00375,000.00
0.00%
375,000.00
0.00%
375,000.00
0.00%19Other - Please Explain-218,574.220.00-100.00%0.00NA0.00NA0.00NA0.00NA20
Total General Fund*This should be consistent with GFDEP Local and Other Public SchoolRevenue2,218,744.781,799,863.20-18.88%1,845,000.002.51%1,845,000.00
0.00%
1,845,000.00
0.00%
1,845,000.00
0.00%Notes:Large prior period adjustment for Special Ed funding from State occurred in 2012-13 Assumed values would hold constant for local funding.

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