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2014 May 12 Montgomery County Education Committee

2014 May 12 Montgomery County Education Committee

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Montgomery County Public Schools,
Montgomery County Public Schools,

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05/16/2014

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ED COMMITTEE
1
May 12,2014
Worksession
MEMOR NDUM
May
9 2014
TO: Education Committee FROM: Essie McGuire, Senior Legislative
nalYS~ ~
SUBJECT:
FY15 Operating Budget for the Montgomery County Public Schools, and Technology Modernization,
ontinued
Today the Education Committee will continue its review
of
the FY15 Operating Budget
of
the Montgomery County Public Schools MCPS) and the FY15 capital budget and FY15-20 Capital Improvements Program ClP) project for Technology Modernization. The Committee met on April 22 and April 28 to review the operating budget and the Technology Modernization project. The Committee did not make a final recommendation at that time.
This packet presents Education Committee Chair and Council President Craig Rice's recommended funding option for the MCPS FY15 Operating Budget and the Technology Modernization project. This funding option has three main aspects: 1. Provide resources for the full amount
of
the
Board's requested FY15 Operating Budget; 2. Appropriate local resources to reflect the State's Maintenance
of
Effort (MOE) requirement, the State's pension shift requirement, and the full amount
of
the
MCPS general fund balance; and 3. Fund the Board's requested increase for the Technology Modernization project in FY15 and FY16 through a combination
of
local funds and Federal E-rate funds.
These objectives are achieved primarily through a combination
of
new
local
dollars~·
drawing down the large fund balance
n
the Retiree Group Insurance Fund and the Other Post Employment Fund OPEB) trust; and reallocating funds within the MCPS budget request from Category 12, Fixed Charges, to educational priorities.
Council President Rice's goal is to achieve a positive and collaborative outcome for the Council and the Board in fully funding the Board's requested educational priorities while at the same time making efficient use
of
County funds and all available resources.
 
Thetablebelowsummarizesthemajorelements
of
thisrecommendation,andshowsthemincomparisontotheBoard'srequestandtheExecutive'sMarch
 7
budgetsubmission.
Comparison
of
FY15
MCPS
Budget Funding
Options
Operating Budget
BOERequest
CERec CPRec
CountyfundsabovetheStaterequirements$51.7m$26.0m0UseadditionalMCPSgeneralfundbalance0$11.2m$11.2mDrawdownexcessMCPSRetiredEmployeesGroupInsuranceFundbalance00$13.3mApplyfundsfromMCPSOPEBTrusttoretiredemployeespay-as-you-gogroupinsurancecosts00$27.2m.Total
to meet the
BOE
request
$51.7m$37.2m$51.7mDifferencefromBOErequest0($14.5m)0
 dd
County funds to MCPS OPEB Trust NDA in County Government to
hold
overall MCPS OPEB funding harmless (includes
$1.2
million from Reconciliation List) 0 0 27.2 m
TechnologyModernization,
BOE
Request
CERec
CPRec
AdditionalCountyfundsinFY15
(includes
2.
0 million from Reconciliation List)
4.0m
0
 2.0m
AssumeE-ratefundsinFY15andFY16willbeappropriatedabovetheprogrammedamount00
 2.0m
The technical steps required to achieve the objectives/or the FY15 Operating Budget are detailed below.
t
is
important
tonote
the
following
about
this
approach:
• Thisrecommendationprovides
MCPS the same
level
of
County
support
asthelevelrecommendedbytheCountyExecutive
 n
March,plusatotal
of
$3.2millionfromtheReconciliationList($1.2millionfortheOPEBNDAand$2.0millionfortheTechnologyModernizationproject).
2
 
• Toreflectthe
continuation
of
Countyfunds
tosupportcurrentandfutureMCPSretireehealthbenefits(OPEB),theCouncil'sapprovedFY15-20FiscalPlanwillreflecttheaddition
of
$27.2million
in
OPEBfundingon
MCPS
behalfforFY16andbeyond.• Thisrecommendationrelieson
fundbalances
fromboththeMCPSgeneralfundbalanceandfromexcessretireehealthbenefitsreserves.BoththeBoard
of
EducationandtheCountyExecutivealsoreliedonthegeneralfundbalanceintheirbudgets.ThisrecommendationonlyincreasestheBoard'sassumption
by
$11.2millionforthegeneralfundbalance(alsorecommended
by
theCountyExecutive),andby$13.3millionrelatedtotheretireehealthbenefitfundreserve.
As
theabovetableillustrates,theonlyfundbalanceresourcethatthisrecommendationaddstotheCountyExecutive'ssubmissionisthe$13.3millionsavingsachieved
in
retireehealthbenefitreserves.
• TheBoard'sfutureannualneeds
toaddressenrollmentgrowth,negotiatedagreements,and
new
strategicinvestmentswillneedtobeaddressed,astheyalwaysare,throughtheregularbudgetprocess.Thisplanneitheranticipatesnorprecludesthatfutureconsideration.
TechnologyModernization
FortheFY15-I6fundingintheTechnologyModernizationproject,CouncilPresidentRicerecommendsthattheCouncilfollowthesameapproachthatitdidintheFY13-18CIP,whentheBoardhadrequested
an
increasetoTechModandtheExecutivehadrecommendedlevelfunding.TheCounciladdednewfundingabovetheapprovedleveltowardtheBoard'srequestandalsoassumedthatfor
FYI3
andFY14,theE-ratefundingcouldbeaddedtotheapprovedleveltogetclosertotheBoard'srequestedfundinglevel.
CouncilPresidentRicerecommends
that
$2.0millionbeplacedontheReconciliationListforFY15intheTechnologyModernizationproject,
and
that
FY16alsoreflect
an
increase
of
$2.0million.
ForE-ratefunding,MCPScurrentlyprojectsthat$2.0millionwill
be
availableinFY15and$1.9millioneachyear
in
FYI6-20.
CombiningnewCountydollarswiththeprojectedE-ratefundsinFY15-16fullyaddressesthe
Board s
requestedincreaseforthisproject.
As
before,theadditiveE-rateapproachwillberecommendedforFY15-16onlyatthistime,andcan
be
re-evaluatedintheFY17-22CIPdiscussion.
In
sum,CouncilPresidentRice'srecommendationfullyfundsboththeBoard
of
Education'sOperatingBudgetrequest
and
itsTechnologyModernizationrequestinFY15.Therecommendationalsoadds$27.2millioninongoing
support
onMCPS'behalfintheFY15-20FiscalPlan.Bymakingjudicioususe
of
bothnewCountyresources
and
availablereserves,thisfundingapproachachievesmultiplegoals.
3

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