Southern Louisiana Budget Presentation - Goal and Approach
Craft a budget to ensure IDEA Louisiana schools excel, focus on conservative financial forecasting due to revenue decline projections, and set goals for fiscal stability and educational excellence.
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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
NOLA Pro Forma IDEA New Orleans 2019-20 PRO FORMA 2020-21 PRO FORMA BASE CASE BASE CASE STATE REVENUE 1,469,721 4,558,220 ALL OTHER REVENUE 1,920,913 984,704 TOTAL REVENUE 3,390,634 5,542,924 CAMPUS EXPENSES (Staff Contracted Service) 1,228,037 1,848,755 Bonus 48,255 78,676 CAMPUS (Discretionary) 418,015 954,778 AUXILIARY CAMPUS (Staff Contracted Service) 287,068 505,505 AUXILIARY CAMPUS (Discretionary) 249,705 479,357 Facilities Leases 15,000 15,000 Bus Leases 26,100 26,100 REGIONAL EXPENSES (Staff Contracted Service) 183,596 381,831 Bonus 40,190 33,355 REGIONAL EXPENSES (Discretionary) 340,328 385,328 CNP EXPENSES (Staff Contracted Service) 91,536 118,710 CNP EXPENSES (Discretionary) 116,116 337,792 Managment Fee 73,486 227,911 TOTAL EXPENSES $3,117,431 $5,393,097 OPERATING INCOME $273,203 $149,827 OPERATING INCOME TARGET $169,532 $166,288 Amount over/(under) target 103,671 -16,461
Principal DISC - NOLA IA New ICP New 2020-21 Budgeted Enrollment K 1 2 3 4 5 6 7 Enroll Campus 1203 2203 NOLA IA & ICP Oscar Dunn 56 56 56 56 56 56 56 56 448 New Orleans TOTAL 56 56 56 56 56 56 56 56 448 20-21 20-21 Total Discretionary Budget (20% Reduction) 20-21 Scale 20-21 Discretionary Operating Discretionary Staffing Org CAMPUS DISCRETIONARY 1203 IA Oscar Dunn IA2 $210,182 $63,719 $273,901 2203 ICP Oscar Dunn ICP2 $130,800 $23,282 $154,082 $340,982 $87,001 $427,983
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 - NOLA $4,558,220 MFP $ 300,000 CSP Grant $ 456,502 CNP Revenue $ 64,500 NSNO $ 121,376 Title 1 $ 265,351 Other (E-Rate & SBAA) $5,542,924 Total revenue Conservative assumption of 97.5%
Expenses - NOLA $1,927,430 Salaries schools $ 415,185 Salaries regional (Includes 2 PIRs) $ 462,052 Transportation $ 390,559 Maintenance $ 15,000 Rent $ 227,911 Management fees (5%)
Regional Staff Assumptions New Regional Staff Support: Math Curriculum Manager (formerly Math Coach) ELA Curriculum Manager
Board Budget Approval Process May 12 (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
