Petersburg City Public Schools Preliminary FY 2024 Budget

Petersburg City Public Schools Preliminary FY 2024 Budget Director of Finance - Jeff Ryder March 22, 2023 Public Hearing

Agenda FY 2024 Budget preparation Step 1 Decide on State and Local revenues Step 2 lay in known minimum expenses from operations Step 3 Anything left over was used to fill vacancies and capital expenditures not covered by grants

Virginia Department of Education Step 1 - Revenue FY23 Composite Index 0.2410 ADM Mar 22: 3837.15 Projected FY 2023 Unadjusted ADM2 Projected FY 2023 Adjusted ADM2 FY 2023 Projected FY 2024 Unadjusted ADM2 Projected FY 2024 Adjusted ADM2 FY 2024 3,892.80 3,892.80 3,952.70 3,952.70 FY 2023 State Share FY 2023 Local Share FY 2024 State Share FY 2024 Local Share OPTION 1 2 Governors version Using ADM of 3,892.80 ---->>> 46,676,368 11,650,503 47,487,389 46,925,496 12,705,848 12,527,434 3 4 Senate version Using ADM of 3,892.80 ---->>> 46,388,328 11,628,021 52,147,515 51,541,180 14,043,422 13,850,895 5 6 House version Using ADM of 3,892.80 ---->>> 46,253,780 11,628,021 47,248,480 46,678,232 12,628,931 12,447,863 What will be our final ADM at March 31, 2023 ? Unknown # 1 Decision for budget creation - Option 7 Which of these competing calculators will eventually be adopted by State ? Unknown # 2 Decision for budget creation - Option 7 MOST CONSERVATIVE assumption, go back to ADM on Mar 31, 2022 of 3,837.15 Governors version 46,191,245 Senate version 45,903,205 House version 45,768,657 7 8 9 11,496,464 11,473,981 11,473,981 46,402,831 50,977,114 46,147,805 12,361,477 13,671,792 12,279,442

FY 2024 Budget Assumptions Revenue State and Local Match revenues are from Option 7 on separate analysis Expense OPTION A Function 61000 - SOQ funded teachers and TA's - 5% incre per state calculator Projected 15% increase in health premiums Other - (3000 to 6000) Minimal increases over FY 2022 level Additional 2% Longevity stipends to EE's over 10 years with PCPS OPTION B Same as A but adding 5% to all other wage groups All extra to Instruction line to fill vacancies

Budget 2023 $10,000,000 $346,000 $43,809,072 $54,155,072 Projected FY 2023 $11,665,419 $292,908 $43,461,907 $55,420,234 OPTION A: 5% $696,018 $0 $2,440,639 $3,136,657 OPTION A Budget $12,361,437 $292,908 $45,902,546 $58,556,891 OPTION B Budget $12,361,437 $292,908 $45,902,546 $58,556,891 Operating Fund City Appropriation Local - Other State Funding Total Revenue Instruction (Func 611) Salaries Instruction (Func 611) Benefits Instruction (Func 611) Other Admin (Func 62) Salaries Admin (Func 62) Benefits Admin Other - (Func 62) Transp (Func 63) Salaries Transp (Func 63) Benefits Transp (Func 63) Other OP & Maint (Func 64) Salaries OP & Maint (Func 64) Benefits OP & Maint (Func 64) Other Capital - All Func's Technology (Func 68) Salaries Technology (Func 68) Benefits Technology (Func 68) Other Total Disbursements $24,223,343 $10,083,727 $2,423,773 $2,252,457 $1,683,983 $1,041,143 $1,511,662 $791,396 $550,285 $2,614,254 $744,910 $2,959,921 $2,941,911 $993,610 $416,533 $1,129,097 $56,362,005 $25,069,080 $9,926,288 $2,108,283 $2,408,770 $1,155,273 $529,908 $1,833,544 $450,093 $465,097 $2,522,310 $763,036 $2,665,032 $5,177,083 $879,278 $387,845 $925,116 $57,266,037 $1,253,454 $507,250 $50,000 $26,322,534 $10,433,538 $2,158,283 $2,408,770 $1,197,773 $929,908 $1,833,544 $493,843 $545,097 $2,522,310 $827,926 $2,765,032 $0 $929,278 $409,492 $925,116 $54,702,445 $28,932,534 $10,433,538 $2,158,283 $2,529,209 $1,197,773 $959,380 $1,925,222 $493,843 $545,097 $2,648,425 $827,926 $2,940,032 $655,279 $975,742 $409,492 $925,116 $58,556,891 $42,500 $400,000 $43,750 $80,000 $64,890 $100,000 ($5,177,083) $50,000 $21,647 ($2,563,592) ($2,206,933) ($1,845,803) $5,700,249 $3,854,446 $0 Operating Surplus / Deficit

Grant Fund Current Year FY 2023 Budget 2023 $40,516,675 $572,344 $3,563,235 Projected FY 2023 $22,241,266 $62,500 $1,589,781 OPTION A Budget $18,275,409 $509,844 $1,973,455 OPTION B Budget $18,275,409 $509,844 $1,973,455 OPTION C Budget $18,275,409 $509,844 $1,973,455 LEFT OVER $18,275,409 $509,844 $1,973,455 Federal Funding Local - Other State Funding Total Revenue $44,652,255 $23,893,547 $20,758,708 $20,758,708 $20,758,708 $20,758,708 Instruction (Func 611) S & B Instruction (Func 611) Other Admin S & B - (Func 62) Admin Other - (Func 62) Transp (Func 63) S & B Transp (Func 63) Other OP & Maint (Func 64) S & B OP & Maint (Func 64) Other Capital - Func 66 Transfer to Alt School (Func 67) Technology (Func 68) S & B Technology (Func 68) Other Total Disbursements $14,820,106 $7,860,237 $915,938 $622,046 $84,731 $322,050 $5,515 $2,325,158 $15,617,229 $172,240 $0 $1,907,004 $44,652,255 $7,137,615 $2,565,169 $764,319 $156,762 $99,857 $135,800 $60,284 $1,268,448 $10,717,503 $62,262 $16,148 $909,380 $23,893,547 $7,682,490 $5,295,068 $151,619 $465,285 $7,682,490 $5,295,068 $151,619 $465,285 $0 $186,250 $0 $1,056,710 $4,813,684 $109,978 $0 $997,623 $20,758,708 $7,682,490 $5,295,068 $151,619 $465,285 $0 $186,250 $0 $1,056,710 $4,813,684 $109,978 $0 $997,623 $20,758,708 $7,682,490 $5,295,068 $151,619 $465,285 $0 $186,250 $0 $1,056,710 $4,813,684 $109,978 $0 $997,623 $20,758,708 $186,250 $1,056,710 $4,813,684 $109,978 $997,623 $20,758,708 $0 $0 $0 $0 $0 Operating Surplus / Deficit $0

Nutrition Fund Current Year FY 2023 Budget 2023 $2,785,503 $310,918 $21,841 Projected FY 2023 $2,756,897 $208,289 $24,421 OPTION A Budget $2,500,480 $167,099 $82,421 OPTION B Budget $2,500,480 $167,099 $82,421 OPTION C Budget $2,500,480 $167,099 $82,421 Adj's to FY 23 ($256,417) ($41,190) $58,000 Federal Funding Local - Other State Funding Total Revenue $3,118,262 $2,989,607 ($239,607) $2,750,000 $2,750,000 $2,750,000 Nutrition (65000) Salaries Nutrition (65000) Benefits Nutrition (65000) Other Nutrition Capital (Func 66) Total Disbursements $833,516 $298,172 $1,828,815 $157,759 $3,118,262 $1,046,132 $260,372 $1,671,589 $157,759 $3,135,852 $26,998 ($51,344) ($303,747) ($57,759) ($385,852) $1,073,130 $209,028 $1,367,842 $100,000 $2,750,000 $1,073,130 $209,028 $1,367,842 $100,000 $2,750,000 $1,073,130 $209,028 $1,367,842 $100,000 $2,750,000 $0 ($146,245) $146,245 $0 $0 $0 Operating Surplus / Deficit

OVERALL Income statement Budget 2023 $10,000,000 $1,229,262 $43,302,178 $47,394,148 $101,925,589 Projected FY 2023 $11,665,419 $563,698 $24,998,163 $45,076,109 $82,303,389 OPTION A Budget $12,361,437 $969,852 $20,775,889 $47,958,421 $82,065,599 OPTION B Budget $12,361,437 $969,852 $20,775,889 $47,958,421 $82,065,599 Leave Blank City Appropriation Local - Other Federal Funding State Funding Total Revenue Instruction (61000) Administration (62000) Transportation (63000) OP & Maint (64000) Cafeteria (65000) Capital - Func 66 Transfer to Alt School (Func 67) Technology (68000) Total Disbursements $59,411,185 $6,515,568 $3,260,124 $8,649,759 $2,960,503 $18,716,898 $172,240 $4,446,244 $104,132,521 $46,806,436 $5,015,032 $2,984,392 $7,279,110 $2,978,093 $16,052,346 $62,262 $3,117,767 $84,295,436 $51,891,914 $5,153,355 $3,058,735 $7,171,977 $2,650,000 $4,913,684 $109,978 $3,261,510 $78,211,152 $54,501,914 $5,303,266 $3,150,412 $7,473,093 $2,650,000 $5,568,963 $109,978 $3,307,974 $82,065,599 ($2,206,932) ($1,992,047) $3,854,446 $0 Operating Surplus / Deficit

Thank You !