Porter Township School Corporation

Financial Moment February 2014

Budget Summary as Approved2011 2012 2013

Requested2013 Approved

2014Requested

2014 Approved

Reduction

‘13 vs. ‘14

General Fund Advertised

9,401,404 8,643,090 9,327,183 9,327,183 9,181,485 8,869,957

-311,52

8-

457,226

Debt Service 2,361,919 2,392,127 3,047,473 2,996,563 3,014,012 2,990,360 -23,652 -6,203

Retirement Debt

128,375 130,549 132,265 132,265 128,777 128,777

0 -3,488

Capital Projects Advertised

2,082,628 2,347,962 2,393,440 1,251,773 2,271,400 1,753,659

-517,741 501,886

Transportation Advertised

1,415,418 1,469,038 1,367,676 1,283,017 1,370,450 1,297,698 -72,752 14,681

Bus Replacement Advertised

250,000 80,000 253,000 168,933 95,000 48,332

-46,668-

120,601

Advertised Rates

1.7228 1.8409 1.9065 1.9353

Approved Rate

0.9901 0.8936 1.1424 1.0684

Total Advertised Budget

15,639,744 15,062,766

16,521,037 16,061,124

Total Approved Budget (Feb)

13,757,452 13,711,823

15,159,734 15,088,783 -972,341 -70,951

Personal Property Tax

HB 1001o Formulation of a new county committee (no school

representation) to decide if the tax is eliminatedo No replacement for lost revenueo Would decrease assessed valuation for school districts

resulting in decreased revenueo Testifying against: IASBO, ISTA, Association of Counties,

and the mayor of Terre Haute. SB 1

o No replacement for lost revenueo Less aggressive, but has the same issues as HB 1001o Will continue to come up with each session, same result

Worst Case Scenario for PTSC

Assessed ValueTotal Assessed

Value

Business Personal

Property Only

% of AV from Business Personal

Property Only2013 Pay 2014 $464,144,370 $17,965,879 3.87%

Budget 2014 Rate AV BPPO LevyDebt 0.5524 $17,965,879 $99,243.52Capital Projects 0.2352 $17,965,879 $42,255.75Transportation 0.2461 $17,965,879 $44,214.03Bus Replacement 0.0099 $17,965,879 $1,778.62

$187,491.91

Bigger Picture Fiscal impacts of either bill have not been fully studied Estimated that this could result in a loss of over $1

billion annually This could increase circuit breaker losses (which have

been $800 million) by an additional $375 million. The issue is that this erodes revenue without

guaranteeing replacement revenue and will shift the burden to the local homeowners through higher taxes

There has already been a loss of revenue reaching half a billion to schools since 2009

Superintendent’s Report

February 2014

PTSC STANDOUTS

Check our PTSC weekly update to read about the amazing things happening each week in PTSC!

www.DrStaceySchmidt.wordpress.com

ISTEP+ TESTING

ISTEP+ Applied Skills: March 3, 2014 March 21, 2014

ISTEP+ Multiple-Choice – Online April 28, 2014 May 9, 2014

CoreLink – Online May 5, 2014 May 16, 2014 (new assessment)

CORE LINK States required to assess college and career

readiness standards by spring 2015 (Federal requirement)

ELA and Math with technology enhanced items This is to prepare students and allow them to

practice prior to the official test in the spring of 2015

Testing window is after the ISTEP+ assessments Results will be available in the fall of 2014

INDIANA STANDARDS REVIEW

February 19 – March 12, 2014 Electronic public review of

proposed standards—posted on the IDOE website

Opportunity to comment Found here: http://bit.ly/

1jRFQ72

SNOW DAY MAKEUP DAYS 6 canceled days—2 approved waivers (January 6-7) Need to make up 4 instructional days

April 21 (Flex Day) - Regular Day of School (Makeup day Jan. 8th)

June 2 - Regular Day of School (Makeup day for Jan. 27th)

June 3 - Regular Day of School (Makeup day for Jan. 28th)

June 4 - Regular Day of School (Makeup day for Feb. 5th)

FLEXIBILITY OPTIONS The Indiana Department of Education is now providing school

districts with guidance and flexibility for making up lost instructional time due to the extraordinary weather we have had this winter. These guidelines are only in effect through June 30, 2014. 

There are options for us to consider. We can:

1. Extend the school day one hour for the number of days we would need to make up the lost hours of instruction. (Elementary requires five hours per day and Middle/High School require six hours per day)

2. Virtual learning (students would access digital content through the internet or through content and learning targets distributed to students prior to the scheduled day). These days would be scheduled in addition to our regular calendar days and be instead of students coming to school buildings for make-up days.

VIRTUAL LEARNING The IDOE would ask for us to:

• Demonstrate access to the internet for students/teachers away from our buildings

• All of our teachers and students have access to, and experience using, online platforms for delivering learning

• All of our students will be informed of their learning targets for the day by 9:00 am.

• Teachers will be directly reachable from students and parents to facilitate and support instruction

• Student work will cover content that would have been addressed if school were in session

• All students who have accommodations for instruction will be provided with or have access to those accommodations

• For students with disabilities who do not use an online platform for learning or for whom an online platform is not appropriate, teachers will provide parents/caregivers with appropriate educational materials and learning activities for student use

• Students will demonstrate time on task and/or equivalent learning growth for the time

TEACHER/PARENT FEEDBACK

Developed a survey for teachers and a survey for parent with the help of staff members

Deployed both surveys to collect data Will discuss data with APTEd to determine if we

will make a recommendation different than our current plan at the board meeting next month

Will provide a feedback summary of parent feedback in an upcoming PTSC Weekly Update