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Douglas CountySchool District Re. 1

Fiscal Year 2013

Budget Revision & Budget Update

January 15, 2013

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Requested Board Action For Approval and Adoption:

FY 2012 - 2013 Revised Financial Plan & Budget – All District Funds:

Budget Resolution Appropriation Resolution Resolution Authorizing the Use of

Beginning Fund Balance

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FY 2012 Versus FY 2013Student Counts

• Increase in FPC (Funded Pupil Count) and Enrollment• FY 2012 Enrollment: 63,115

Funded Pupil Count: 59,237

• FY 2013 Enrollment: 64,657

Funded Pupil Count: 60,823

Increase of 1,542 Students and an FPC of 1,5863

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Item Description Adopted Revised Change

Property Tax Revenues $125.5 M $125.1 (0.4 M)

State Equalization Revenues 257.6 M 254.8 M (2.8 M)

Charter School Purch Srvcs Revenue

4.7 M 3.7 M (1.0 M)

Charter School Payments 66.0 M 61.0 M 5.0 M

Extended Severance and $125/Student

10.7 M 11.2 M (0.5 M)

Total FY 2013 Net Change$0.3 M

FY 2013 Revised General Fund Budget Changes

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Item Description Adopted Revised Change

Total Budgeted Expenditures

462.7 M 481.5 M $18.7 M

FY 2013 General Fund Expenditures

Revised Versus Adopted Budget

Increase in budgeted expenditures due to:• $11.1 M of school/dept carry over from adopted,• 1% additional retention stipend, and• $75/student more allocated out to all schools

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FY 2012 General Fund Fund Balance

Increase of $13.3 M over FY 2011

Cost of Business Budget Lines $11.0 M

Elimination of Risk Fund Transfer Increase 1.0 M

Property Tax Revenue Increase 1.3 M

Total Fund Balance Increase $13.3 M

Spent by October, FY 2013

School Discretionary Funds ($125/Student) $6.4 M

2% Retention Stipend 5.6 M

Unassigned Fund Balance Increase Fm Projection

2.4 M

Total Increase Accounted For $14.4 M

FY 2013-2014 Budget Update

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• Pupil Counts – Projections complete January 31, 2013

• Budget Priorities• Increase $s to our schools• Increase compensation to our employees

• Governor Hickenlooper’s Proposal• Legislative Action

• FY 2013 Supplemental• FY 2014 School Finance Act