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2010-11 Approved Budget Overview

2010-11 Approved Budget Overview

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Published by Brendan Walsh

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Published by: Brendan Walsh on Jun 29, 2010
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06/29/2010

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2010-11 BUDGET VERSION #5ADMINISTRATIVE RECOMMENDATION
JUNE 28, 2010
Grosse Pointe Public School System
Financial Transparency Series 
 
Readout of Most Significant Variables
2
VariableComments and/or Conventional Estimate
EnrollmentMany opportunities for variation. Kindergarten enrollment higher than projected.Very conservative estimates in elementary20J FundsSome discussion of a 50% restoration, but unlikely. Budget assumes no restorationand thus a permanentloss of roughly $1.6MM in state revenue.FoundationAllowanceSchool Aid Fund surplus would indicate lower potential for further reduction for2010-11. We have budgeted for no change, but they are always possibleState Retirement(MPSERS)RateGov.
Granholm’s
estimate (used in Drafts 1-4) is probably highend (19.41%).
Senate’s
version has lower rate, but would be offset by state aid reductionState Fund EquityLegislationAproposal limits Fund Equity to 15%. Low likelihood of passage of this billState RetirementIncentiveApproved by state legislature. High volumeof retirees have had positive effect onbudgetHealth CareMore precisebudgeting methodology for 2010-11, but as a self-funded plan wealways carry risk of cost over runsGPPSS UnionContractsNewagreements reached with teachers and building administrators. We remain innegotiations with secretaries, classroom assistants and plant workers.UnemploymentCostsRetirementincentives (both state and local) have allowed us to reduce nearly$700,000 in previously budgeted unemployment expense
 
3
Most Significant Changes from Draft #4 to Budget #5
Reduced unemploymentexpenses by roughly $700,000Restored 4.5 Elementary Classroom Asst for Computers/Library to 13.8 total
Restored 0.8 teacher FTE for Parcells Honors ClassesRestored 0.3 Paraprosat South and North for totals of 4.1 and 3.8respectively.Restored Counseling secretaries at North and South -1.0 eachRestored Elementary Instrumental Music teacher FTE by 1.0 to a totalof 3.0Restored 1.0 Elementary teacher FTE's at Ferry 2nd, 4th and 5
th
grade, Maire1
st
grade, and 1.0 Specials teachers (distributed)

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