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AISD Power Point Presentation on Recommended budget for 2011-12 (August 8, 2011)

AISD Power Point Presentation on Recommended budget for 2011-12 (August 8, 2011)

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Published by KUTNews

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Published by: KUTNews on Aug 15, 2011
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08/15/2011

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AUSTIN INDEPENDENT SCHOOL DISTRICTFY2011-12 RECOMMENDED BUDGET
Presentation to the AISD Board of TrusteesMeria Carstarphen, SuperintendentNicole Conley-Abram, CFO
August 8, 2011
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FY2011-12 Recommended Budgetggs
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Revenue
Assumes State revenue loss of $35.6 million from current law as approved under SB1.
Increases Federal revenue $13.8 million from one-time Education Jobs funding.
A Fund Balance appropriation of $517,236 will need to be authorized to support the proposed expenditurebudget.Expenditures
Includes $39.7 million in reductions associated with the implementation of the District’s Gap Closing Plan.
Baseline costs of $30.0 million are included to support continuing operations, which included increased costs of$7.3 million for Recapture requirements. 
 
rovies . miion to continue trategicission ritica initiatives.
Restores $2.5 million to comply with State’s 22:1 ratio (Included in $30.0 Baseline Increases).Taxable Values
July 25
th
Certified Taxable Values for 2011 is $56,875,444,136; an increase of 1.06%from 2010.Tax Rate
No increase in the tax rate for M & O (rate will remain unchanged at 1.079).
Proposes 1.5 cent increase to cover debt for bond program (rate will increase to .0163).
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FY2011-12 Recommended Budgetggs
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Gap closing actions that total $39.7million, inclusive of the the Reduction
Salary or step increases for
Whats in the BudgetWhats notin the Budget
in Force
Full day Pre-k
Funding to comply with State 22:1 
Funds for new MultiplePathways school 
n aona pannng pero orsecondary teachers
Full restoration of Local commitmentto Strategic Compensation
 possible inclusion in separateInstructional MaterialsAllotment (IMA)
Start-up funds for new Linder EarlyChildhood
Early college program at Reagan 
Hardship leave
Traditional social security forpart-time employees
 
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