Budget Presentation for IDEA Southern Louisiana
Craft a budget to ensure accountability, on-time campus opening, debt retirement, and financial surplus. Take a conservative approach due to projected revenue shortfalls. Forecast revenue in Louisiana for financial planning to support schools. Goal to achieve top accountability ratings and regional curriculum support for all IDEA Louisiana schools.
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Presentation Transcript
IDEA SOUTHERN LOUISIANA SOLA BUDGET PRESENTATION 5/14/20
Goal of the Budget Process To craft a budget that ensures: 1. All IDEA Louisiana schools on track to receive an A on accountability in 2020-21 2. On-time opening of fully enrolled campuses in Baton Rouge, New Orleans, and Jefferson Parish 3. Retirement of $1.5 million in debt to IPS 4. A budget surplus that leaves our region well positioned to withstand projected revenue shortfalls in the next 3 fiscal years
Conservative Approach to Budgeting and Financial Forecasting The State projects that local and state revenue will decline significantly between the end of this year and next year Estimate 4-7% reduction in overall PPR or $300-600 per student next year Reduced sales taxes, high unemployment, and low price of oil point to a very sluggish economy for the next 3 years Schools have been advised to take conservative approaches to budgeting and financial forecasting take the worst case scenario, look at the multi-year impact, and plan your major capital expenditures, cash flow management, fund balance spending, and supplant strategies accordingly State Revenue Estimating Conference on Monday 5/11 may provide more information on how the overall state funding picture will be impacted
Forecasting Revenue in Louisiana 5-YEAR MFP FORECAST LEVEL 1 BASE, LEVEL 2, LEVEL 3, LOCAL REVENUE $10,500 $10,300 $10,184 $10,184 $10,184 $10,146 $10,146 $10,100 $10,097 $10,097 $10,097 $10,071 $10,052 $10,052 $10,052 $9,995 $9,921 $9,900 $9,827 $9,827 $9,827 $9,816 $9,816 $9,816 $9,771 $9,767 $9,739 $9,700 $9,666 $9,666 $9,666 $9,616 Axis Title $9,589 $9,500 $9,465 $9,439 $9,300 $9,100 $8,900 $8,700 $8,500 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25
Goal: All IDEA Louisiana schools on track to receive an A on accountability in 2020-21 Ensure each core content area (and primary curriculum) have regional roles to support teachers, leaders, and schools -- Add ELA Curriculum Support Manager (newly funded) -- Re-assign Math Coach to Math Curriculum Support Manager -- Redefine CM role to include 40% in-field coaching
Goal: On-time opening of fully enrolled campuses in Baton Rouge and New Orleans Budget includes CSP funding for Baton Rouge #3 and Jefferson Parish #1 Starting with conservative approaches to each
Priority items not funded Items not included the budget or delayed 1. Raises/merit increases frozen 2. Some co-teaching and operations positions based on anticipated enrollment growth 3. Reduced marketing 4. Reduced NIFDI 5. Regional positions not funded (HR Business Manager, RDIC) 6. Reduced principal discretionary 7. Reduced 2 PIRs in Baton Rouge
Key Assumptions Projected Enrollment: 2,236 Students 1,008 Bridge 4 Sections at K-8 780 Innovation 4 Sections at K-2, 7-8 3 Sections at 3-4 2 Sections at 6 448 Oscar Dunn 2 Sections at K-7 PIRs 3 EBTR 2 NOLA
EBTR Pro Forma IDEA Louisiana 2019-20 PRO FORMA 2020-21 PRO FORMA BASE CASE + BASE CASE + STATE REVENUE 14,380,344 19,397,128 ALL OTHER REVENUE 4,764,286 5,169,626 TOTAL REVENUE 19,144,629 24,566,755 CAMPUS EXPENSES (Staff Contracted Service) 6,869,455 7,728,993 Bonus 344,966 377,270 CAMPUS (Discretionary) 1,994,454 2,461,709 AUXILIARY CAMPUS (Staff Contracted Service) 1,269,783 1,342,801 AUXILIARY CAMPUS (Discretionary) 1,067,061 1,538,057 Facilities Leases 2,664,810 2,151,195 Bus Leases 156,600 182,700 1,500,000 Due to IPS 1,475,436 1,994,644 REGIONAL EXPENSES (Staff Contracted Service) Bonus 165,925 172,685 REGIONAL EXPENSES (Discretionary) 224,467 264,467 NATIONAL EXPENSES (Discretionary) 342,708 522,708 CNP EXPENSES (Staff Contracted Service) 462,954 677,051 CNP EXPENSES (Discretionary) 910,858 1,237,549 Management Fee (SOLA) 719,017 969,856 TOTAL EXPENSES $18,668,493 $23,121,685 OPERATING INCOME $476,136 $1,445,069 OPERATING INCOME TARGET $574,339 $1,228,338 Amount over/(under) target -98,203 216,732
Principal DISC - EBTR IA New ICP New 2020-21 Budgeted Enrollment K 1 2 3 4 5 6 7 8 9 10 11 12 Enroll Campus 1201 2201 EBTR IA Bridge 112 112 112 112 112 112 112 112 112 1,008 1202 2202 EBTR IA Innovation Park 112 112 112 82 82 56 112 112 780 BATON ROUGE TOTAL 224 224 224 194 194 112 168 224 224 0 0 0 0 1,788 20-21 20-21 Total Discretionary Budget (20% Reduction) 20-21 Scale 20-21 Discretionary Operating Discretionary Staffing Org CAMPUS DISCRETIONARY 1201 IA Bridge IA3 $366,800 $87,636 $454,436 1202 IA Innovation Park IA3 $152,880 $43,324 $196,204 2201 ICP Bridge CP3 $324,064 $60,744 $384,808 2202 ICP Innovation Park CP3 $269,724 $51,064 $320,788 $1,113,468 $242,768 $1,356,236
Principal Discretionary (DISC) Operating Expenses Supplies for students and instructional staff Professional development and contracted services, including substitutes through Charter Substitute Teacher Network (CSTN) Staff and student travel AR Zone Books Discretionary software licenses Student recruitment Family & Community Engagement events Signage Copier lease Facilities Expenses if they are discretionary purchases or the facilities budget exceeds target Staff Expenses Teacher extra-duty Co-teacher overtime Front office staff overtime Tutors Lunch Monitors, Recess Monitors, Bus Monitors and School Monitors Part-time Student Recruiters Discretionary stipends (extracurricular) Summer School compensation Tuition reimbursement Off-model FTEs (funded through Principal Discretionary Budget)
Revenue - EBTR $19,397,128 MFP $ 883,446 CSP Grant $ 1,914,599 CNP Revenue $ 1,630,000 NSBR $ 476,230 Title 1 $ 265,351 Other (E-Rate & SBAA) $24,566,754 Total revenue Conservative assumption of 97.5%
Expenses - EBTR $8,106,263 - Salaries schools $2,167,329 Salaries regional (Includes 3 PIRs) $1,457,867 Transportation $2,151,195 Rent $ 969,856 Management fees (5%) $1,500,000 Due to IPS (Reserve)
Regional Staff Assumptions New Regional Staff Support: Math Curriculum Manager (formerly Math Coach) ELA Curriculum Manager
Board Budget Approval Process May 14 (BR) and May 14 (NOLA) finance committee budget review May 19 (BR) & May 21 (NOLA) - First formal budget presentation to the board of directors (notice of meeting published in the paper at least 10 days prior to the meeting) Budget available for public inspection on website after each meeting June 9 (NOLA) and June 14 (BR) budget approval by board of directors
