legislative breakfastpresentation20130313

Lafayette Parish School SystemSPECIFIC FINANCIAL CONCERNS

March 13, 2013 Legislative Breakfast

Areas of Financial Concern

F

UNFUNDEDMANDATES

MFP STATE & LOCAL

TRANSFERS OUT &SSEEP

INCREASED RETIREMENT CONTRIBUTIONS for LOCAL DISTRICTS

MFP NO GROWTH 2.75%

LOSS OF STATE & FEDERAL PROGRAM FUNDING

Lafayette Parish School SystemAreas of Financial Concern

MFP No Growth – 2.75% Not FundedMarch 2013

Estimate of 2.75%

Fiscal Year Not Received

FY 2009-2010 2,400,000$

FY 2010-2011 2,466,000

FY 2011-2012 2,533,815

FY 2012-2013 2,603,495

Cumulative Impact 10,003,310$

Note: Most recent MFP simulation indicates there will be no 2.75% increase in 2013-2014 and that ourMFP funding will be further reduced by an estimated $2,500,000.00. The impact of these two itemstotal $5,175,091.


Increased Retirement Contributions for Local DistrictsMarch 13, 2013

Fiscal Year Total Transfers Out

FY 2010-2011 7,341,582$ 15.5 20.2 17.6 24.3

FY 2011-2012 5,525,265 20.2 23.7 24.3 28.6

FY 2012-2013 (estimate) 1,434,727 23.7 24.5 28.6 30.8

Cumulative Impact FY 2013 14,301,574$

FY 2013-2014 (estimate) 4,193,453 24.5 27.2 30.8 32.3

Cumulative Impact FY 2014 18,495,027$

Teachers Ret (TRSL) LA Sch Emp (LSE)


State and Local Transfers OutMarch 13, 2013

Fiscal Year Total Transfers Out

FY 2011-2012 621,564$

FY 2012-2013 1,536,874

Cumulative Impact 2,158,438$

Note: Transfers out amount reported for 2012-13 includes Student Scholarships for EducationExcellence (SSEEP) of $805,600.00


Unfunded MandatesMarch 13, 2013

FY 10-11 FY 11-12 FY 12-13 (estimated)

Leap Remediation 600,000 600,000 600,000

National Board Certifications 653,730 632,810 643,270

Non-Public Transportation 800,000 800,000 800,000

Extended Sick Leave 1,032,194 902,489 967,342

Dual Enrollment 40,000 160,000 160,000

Mandated Professional Development 800,000 800,000 800,000

Annual Impact 3,925,924$ 3,895,299$ 3,970,612$

Note: 2014-2015 School Target year for PARCC readiness: devices- $6.22 million


Loss of State and Federal Program FundingMarch 13, 2013

FY 10-11 FY 11-12 FY 12-13

Title I -$ 712,403$ 654,095$

Title II 23,066 350,404 91,066

Title III 116,459 9,022 -

Title IV 163,277 - -

Migrant - 48,552 -

IDEA - 165,718 537,700

IDEA Preschool - 19,626 13,860

Annual Impact 302,802$ 1,305,725$ 1,296,721$

Note: We are expecting 10% reduction in IDEA and Title funds in 2013-2014 which will total to an estimatedreduction of $1,800,828.00 in FY 2013-2014.


Cumulative ResultsMarch 13, 2013

MFP No Growth - 2.75% 10,003,310$

Increased Retirement Contributions 14,301,574

MFP Transfers Out & SSEEP 2,158,438

Unfunded Mandates 3,970,612

State & Federal Fund Loss 1,296,721

Cumulative Annual Impact - FY 2012-2013 31,730,655$

Projections For FY 2013-2014MFP No Growth and Additional Reductions 5,175,091 Increased Retirement Contributions 4,193,453 State & Federal Fund Loss 1,800,828

Preliminary Projected Annual Impact - FY 2013-2014 42,900,027$

legislative breakfastpresentation20130313

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