"Little Rock School District 1994-1995 Budget Development Activities"

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LITI'LE ROCK SCHOOL DISTRICT 1994--95 BUDGET DEVELOPMENTACTWITIES Court Submission February 25, 1994 TABLE OF CONTENTS Program Planning and Budgeting Process Chart Chronology of Events Revenue and Expenditures for the Seven Month Periods Ended January 31, 1993 & 1994 1992-94 Revenue and Expenditures 1992-95 Revenue and Expenditures Assumptions 1994-95 Strategies 1994-95 Page No. 1 12 14 16 18 19 Program Planning & Budgeting Process February 25, 1994 Management Tool 1 5 6 7 8 12 13 M 15 19 20 21 26 'X1 little Rock School District 1994-95 2 3 4 9 10 11 Students Public Input ++ Completed + In Progress - To be done in sequence I DATE July 1, 1993 July 9, 1993 7:00 p.m. July 12, 1993 July 14, 1993 July 15, 1993 July 13-16, 1993 July 19, 1993 July 21 , 1993 July 22, 1993 July 23, 1993 LITTLE ROCK SCHOOL DISTRICT PROGRAM PLANNING AND BUDGETING PROCESS CHRONOLOGY OF EVENTS I ACTMTY I RESPONSIBLE PERSON(S) Began fiscal year 93-94. LRSD Board of Directors Interim Superintendent During Special Board Meeting, distributed draft of Interim Superintendent Budget Specialist's Program Planning and Budget Document to: Board of Directors LRSD Administrators Public LRSD Council meeting to discuss of: Interim Superintendent Staffing efficiency Citizen and employee suggestions relating to prior year Planning process Budget Reductions Began to identify programs for "fast-track" Interim Superintendent evaluation. LRSD Council Special Board meeting
Board approved the LRSD Board of Directors closing of lsh School. Reviewed Budget Specialist's document. Initial Interim Superintendent LRSD Program Planning and Budget Document LRSD Council drafted. LRSD Council meeting including: Interim Superintendent Program identification and coding of final LRSD Council list by Budget Specialist Began work on non-desegregation list Discussion of LRSD document with Budget LRSD Cabinet Specialist. Regular Board meeting
Desegregation Audit LRSD Board of Directors update. LRSD Council work session to refine budget Interim Superintendent calendar, tasks and responsible persons. LRSD Council 1 I PROGRAM PLANNING AND BUDGET PROCESS I DATE I ACTMTY I RESPONSIBLE PERSON(S) I July 26, 1993 Work session to discuss rewrite of LRSD Program Interim Superintendent Planning and Budget Document Copy sent to LRSD Council Board for review prior to the July 28, 1993, Board meeting. July 26, 1993 Completed review of secondary schools staffing. Interim Superintendent Director, Human Resources July 27, 1993 Designated the Director of Planning, Research, & Interim Superintendent Evaluation as the lead planner. July 27, 1993 Stephens School site selection process. Site Selection Committee July 28, 1993 Memo from Budget Specialist regarding Program Director of Planning, Research Planning and Budget Document. & Evaluation July 28, 1993 Special Board meeting
discussed and reviewed LRSD Board of Directors draft of LRSD Program Planning and Budget Interim Superintendent Document with the Board. Thorough discussion of the document by the Board, which adopted the planning and budgeting process. July 29, 1993 Changes made to the LRSD Program Planning and Interim Superintendent Budget Document to reflect Board input. LRSD Council July 30, 1993 Defined needs assessment process, fonnat and Director of Planning, Research purpose. & Evaluation July 30, 1993 LRSD Program Planning and Budget Document Interim Superintendent filed with the Court and sent to Board members. August, 1993 Appointed two Board members to participate in LRSD Board of Directors work sessions to establish mission statement and Interim Superintendent tentative goals. August 2, 1993 LRSD Council meeting to discuss planning Interim Superintendent process. LRSD Council August 3, 1993 Meeting with Budget Specialist regarding Director of Planning, Research Desegregation Audit and budget process. & Evaluation August 4, 1993 Began position control document edit. Director, Human Resources Manager of Support Services August 4, 1993 LRSD Council meeting to discuss: Interim Superintendent Proportional allocation formulas LRSD Council Public and District forums Monthly and quarterly reporting August 5, 1993 Initiated plans for community and District forums. Director of Planning, Research & Evaluation 2 PROGRAM PLANNING AND BUDGET PROCESS I DATE I ACTM1Y I RESPONSIBLE PERSON(S) I August 6, 1993 Requested copies of City of Little Rock Needs Interim Superintendent Assessment for Future Little Rock project. August 6, 1993 Revision of Budget Specialist's procedures Director of Planning, Research document. & Evaluation August 1 O, 1993 Stephens School site selection process. Site Selection Committee August 11 , 1993 Joint meeting of LRSD Board/City of Little Rock LRSD Board of Directors Board. Discussion of Desegregation Plan and Future Little Rock Task Force report. August 16, 1993 Organized position control team and established Director, Human Resources team meeting dates. Distributed draft of Manager of Support Services Procedures Manual. August 17, 1993 Began development of proportional allocation Manager of Support Services formulas. August 20, 1993 Conducted work session in preparation for goal Superintendent setting work session. August 20, 1993 Preparation of marketing and recruitment strategies LRSD Council Marketing Consultant August 23, 1993 Position Control T earn meeting. Reviewed Director, Human Resources responses to draft of Position Control Procedures Manager of Support Services Manual. August 24, 1993 Stephens School site selection process. Site Selection Committee August 25, 1994 LRSD Cabinet discussion of planning document
Interim Superintendent pre-goal setting. LRSD Cabinet August 26, 1993 Regular Board meeting
report on the Program LRSD Board of Directors Planning and Budget process. August 27, 1993 Began development of monitoring and reporting Director of Planning, Research procedures and issued Instructions, as needed. & Evaluation August 30, 1993 Position Control T earn meeting. Discussion of: Director, Human Resources Standardization of forms Manager of Support Services Manual revisions Monthly manpower reports August 30, 1993 LRSD Council meeting: Interim Superintendent Discussed Fast Track Evaluation format LRSD Council Developed topics to evaluate August 31 , 1993 Filed August Project Management Tool with Court. Interim Superintendent 3 PROGRAM PLANNING AND BUDGET PROCESS I DATE I ACTIVI1Y I RESPONSIBLE PERSON(S) I August 31, 1993 Work session with Board. Developed mission LRSD Board of Directors statement and tentative goals. Interim Superintendent II August 31, 1993 Stephens School site selection process. Site Selection Committee September 3, 1993 Distribution of Program Planning and Budget Director of Planning, Research Document diskettes. Format developed by Budget & Evaluation Specialist. September 7, 1993 Stephens School site selection process. Site Selection Committee September 9, 1993 Hired Planning Specialist. LRSD Board of Directors September 9, 1993 Special Board meeting during which the Board: LRSD Board of Directors Approved mission statement and tentative goals from August 31, 193 session. Reviewed: Issues related to needs assessment Desegregation Program Inventory Report Mission Statement/Goals Established guidelines for determining written priorities for the annual budget (1994-95) Reviewed and provided guidance related to proportional allocation formula Considered strategies for funding shortfall Identified/approved program for "fast track evaluation Provided input regarding public forums September 10, 1993 Filed Desegregation Audit with Court. Director of Planning, Research & Evaluation September 13, 1993 Position Control T earn meeting. Completed Director, Human Resources revisions to forms and manual. Discussed Manager of Support Services implementation schedule/plan. September 15, 1993 Participation in LRSD /City of Little Rock LRSD Board of Directors Collaborative Effort. Discussed Desegregation Plan. 4 ii ii PROGRAM PLANNING AND BUDGET PROCESS ii DATE ACTMTY RESPONSIBLE PERSON(S) September 15, 1993 Held principals' meetings to review: LASO Council September 16, 1993 Mission Statement September 18, 1993 Goals Program Planning and Budget Document Program Budget Document terms and data element definitions Desegregation Plan/School Operations 1993-94 Budget Allocation September 20, 1993 Preparation of marketing and recruitment LASO Council strategies. Marketing Consultant September 22-23, 1993 Preparation of marketing and recruitment LASO Council strategies. Marketing Consultant September 23, 1993 lnservice for inputing achievements on the Program Director of Planning, Research Planning and Budget Document. & Evaluation September 23, 1993 Regular Board meeting. Board raised issues and LASO Board of Directors gave additional direction to staff regarding Desegregation Update (School Operations section of Program Budget Document). September 27, 1993 Position Control Team meeting. Drafted Director, Human Resources implementation plan. Manager of Support Services September 29, 1993 Preparation of marketing and recruitment LASO Council strategies. Marketing Consultant September 30, 1993 Position Control Team meeting. Drafted Director, Human Resources instructions for using forms. Manager of Support Services September 30, 1993 Filed September Project Management Tool with Interim Superintendent Court. October 1 , 1993 Position Control Team meeting. Package manual Director, Human Resources for approval. Manager of Support Services October 4, 1993 Preparation of marketing and recruitment LASO Council strategies. Marketing Consultant October 5, 1993 Conducted follow-up training for using the Instructional Resources Center WordPerfect file. October 8, 1993 Position Control Team meeting. Distributed Director, Human Resources manpower and substitute usage reports. Manager of Support Services Discussed new monthly internal reporting. October 11 , 1993 Held public forum at Cloverdale Elementary Superintendent School. 5 PROGRAM PLANNING AND BUDGET PROCESS I DATE I ACTIVI1Y I RESPONSIBLE PERSON(S) I October 12, 1993 Preparation of marketing and recruitment LRSD Council strategies. Marketing Consultant October 13, 1993 Work session with Associate Monitor, ODM. Manager of Support Services October 15, 1993 Position Control Team meeting. Completed Director, Human Resources instructions for forms. Manager of Support Services October 19, 1993 Reassignment of employee to Human Resources Superintendent as project manager to implement position control procedures and data analysis. October 26, 1993 Held public forum at Parkview Magnet High Superintendent School. October 28, 1993 Regular Board meeting
status report regarding LRSD Board of Directors outsourcing. October 31 , 1993 Filed October Project Management Tool with Court. Superintendent November 2, 1993 Orientation of new Board members, including the Superintendent planning and budget process. November 3, 1993 Filed First Quarter Status Report of the Program Superintendent Planning and Budget Document with Court. November 8, 1993 LRSD Council meeting to discuss: Superintendent Non-desegregation Programs LRSD Council Proportional allocation formulas Review of management tool and development of process for improving the document November 10, 1993 LRSD Council reviewed the Desegregation Audit - Superintendent Phase II and categorized all desegregation LRSD Council commitments recently submitted to Court. November 10, 1993 Held public forum at Bale Elementary School. Superintendent November 12, 1993 LRSD Council work session on Desegregation Superintendent Audit. LRSD Council November 15, 1993 LRSD Council meeting to discuss non- Superintendent desegregation programs. LRSD Council November 16, 1993 Held public forum at Forest Heights Junior High Superintendent School. November 16, 1993 Court approval of magnet school budgets. Magnet Review Committee 6 PROGRAM PLANNING AND BUDGET PROCESS DATE ACTMTY RESPONSIBLE PERSON(S) November 18, 1993 Regular Board meeting during which Board LRSD Board of Directors members: Raised issues regarding a comparison of staffing and staffing patterns for 1992-93 and 1993-94 (numbers, costs) Requested a report for our December 17, 1993, Board meeting on the projections for the 1994-95 budget, as well as deficit shortfalls Requested a review of the Budget Planning Document for December 17, 1993, Board meeting November 19, 1993 LRSD Cabinet meeting to discuss business case Superintendent formats. LRSD Cabinet November 22, 1993 LRSD Council meeting to discuss criteria for Fast Superintendent Track Evaluation
business cases submitted to LRSD Council ODM. November 23, 1993 District Dialogues meeting with central office Superintendent administration. November 29, 1993 LRSD Council meeting to discuss: Superintendent Proportional allocation formulas LRSD Council Non-desegregation programs Project Management Tool November 30, 1993 Developed 94-95 budget training material. Manager of Support Services November 30, 1993 Filed November Project Management To0I with Superintendent Court. November 30, 1993 Held public forum at Rockefeller Incentive School Superintendent December 2, 1993 Special Board meeting. Reviewed Project LRSD Board of Directors Management Tool and Program Planning and Budget Document. Approved tentative organizational chart. December 2, 1994 Response by Human Resources regarding the Director, Human Resources Board's November 18 request for staffing information. December 3, 1993 Developed instructions for 94-95 budget Manager of Support Services preparation. December 3, 1993 Filed Notice of LRSD Board Involvement with Superintendent Court. December 6, 1993 Held public forum at Garland Incentive School. Superintendent 7 PROGRAM PLANNING AND BUDGET PROCESS DATE ACTMTY RESPONSIBLE PERSON(S) December 6, 1993 LASO Council meeting to discuss: Superintendent Desegregation Audit LASO Council Proportional allocation formulas December 9, 1993 Meeting with program supervisors regarding new Manager of Support Services Internal reports and the 94-95 budget process. December 13, 1993 LASO Council meeting to discuss action plan to Superintendent address the Incentive School Monitoring Report. LASO Council December 13, 1993 Participation in LRSD /City of Little Rock LASO Board of Directors Collaborative Effort. Discussed Desegregation Plan. December 14, 1993 Work session with elementary principals: Manager of Support Services Rediscussed new internal monthly reports Distributed 94-95 proposed budget allocations Distributed 94-95 budget instructions December 15, 1993 District Dialogues meeting with teachers. Superintendent December 15, 1993 Met with Support Services Directors and other Manager of Support Services department heads regarding the 94-95 budget process and allocations. December 16, 1993 Regular Board meeting
approved business case to LASO Board of Directors purchase Romine theme equipment
update on 94- 95 budgeting process and meetings with budget managers. December 17, 1994 Filed LRSD 1993-94 Budget with Court. Superintendent December 22, 1993 Received distribution of 1993 final tax settlement Manager of Support Services funds. First notice of distribution problem. December 31, 1993 Filed December Project Management Tool with Superintendent Court. January 4, 1994 District Council meeting to discuss: Superintendent Desegregation Audit - Phase II LASO Council Board Retreat Fast Track Evaluations January 6, 1994 District Dialogues meeting with principals. Superintendent January 7, 1994 Met with Coopers & Lybrand regarding LRSD Council outsourcing. January 1 O, 1994 District Council meeting to discuss early retirement Superintendent incentive and Desegregation Audit - Phase II. LASO Council 8 I I II ,a "II DATE January 11 , 1994 January 12, 1994 January 13, 1994 January 13, 1994 January 13, 1994 January 13, 1994 January 18, 1994 January 18, 1994 January 28, 1994 January 31, 1994 January 31, 1994 February 1, 1994 February 2, 1994 February 3, 1994 February 3, 1994 February 3, 1994 PROGRAM PLANNING AND BUDGET PROCESS ACTMTI RESPONSIBLE PERSON(S) Meeting with county officials to discuss shortfall on Manager of Support Services final tax settlement. Filed Response of LRSD to ODM Budget with Superintendent Court. Met with County Collector to discuss final tax Manager of Support Services settlement progress. Met with Budget Specialist to discuss: Director of Planning, Research Overview of new process & Evaluation Use of Tool Manager of Support Services Desegregation and Non-desegregation expenditures Met with instructional supervisors to discuss Fast Deputy Superintendent Track Evaluations. Special Board meeting
discussion of agenda for LRSD Board of Directors Board Retreat. LRSD Council meeting to discuss: Superintendent Board Retreat LRSD Council Fast Track Evaluations Proportional Allocation Formulas Desegregation Audit Phase II Met with Coopers & Lybrand regarding LRSD Board of Directors outsourcing. LRSD Cabinet meeting to discuss the Project Superintendent Management Tool and training. LRSD Cabinet LRSD Council meeting to discuss transportation Superintendent issues and fleet. LRSD Council Filed January Project Management Tool with Court. Superintendent LRSD Cabinet meeting to discuss Fast Track Superintendent Evaluations. LRSD Cabinet Discussion of Board Retreat. LRSD Council Met with Budget Specialist to discuss: Director of Planning, Research Desegregation/ Non-Desegregation & Evaluation expenditures Manager of Support Services Program Planning and Budget Document Joint meeting of LRSD /City of Little Rock regarding LRSD Board of Directors Future Little Rock Task Force joint efforts. District Dialogues meeting with classified staff. Superintendent 9 Ill II DATE February 4, 1994 February 4-5, 1994 February 7, 1994 February 7, 1994 February 9, 1994 February 9, 1994 February 14, 1994 February 15, 1994 February 15, 1994 February 17, 1994 February 18, 1994 PROGRAM PLANNING AND BUDGET PROCESS ACTM1Y RESPONSIBLE PERSON(S) LRSD Cabinet meeting to discuss: Superintendent Program Planning and Budget Document LRSD Cabinet mini inservice Project Management Tool Studies and Reports: Arkansas Minimum Performance Test Curriculum Audit Educational Equity Monitoring School Climate/Human Relations Survey Student Achievement Test, Eighth Edition Board Retreat. Discussion of the budget process LRSD Board of Directors from July 1 , 1993 to present and 1994-95 major Superintendent budget issues. LRSD Council meeting to discuss: Superintendent Board Retreat LRSD Council Early retirement incentive program Negotiations Fast Track Evaluations Filed Second Quarter Status Report of the Program Superintendent Planning and Budget Document with Court. ASBO Convention. Discussed Worker's Manager of Support Services Compensation and 94-95 budget impact. Announcement of State Aid miscalculation and Manager of Support Services release of statewide printout showing effe9ts. State Board of Education meeting regarding state Manager of Support Services aid shortfall. Met with Magnet Review Committee regarding Manager of Support Services status of the 94-95 budget process. Magnet school principals in attendance provided input. Met with County Assessor to discuss final tax Manager of Support Services settlement. Special Board meeting regarding: LRSD Board of Directors State Aid shortfall Early retirement incentive Outsourcing Bond Refunding Meeting with Governor Tucker regarding State Aid Superintendent issues. 10 PROGRAM Pl.ANNING AND BUDGET PROCESS ii I DATE I ACTMTY I RESPONSIBLE PERSON(S) I February 21-22, 1994 Meetings with individual Board members regarding Superintendent program planning and budgeting. Manager of Support Services February 21-24, 1994 District Council meetings to discuss program Superintendent planning and budgeting in preparation for Court LASO Council hearing on February 25, 1994. February 21-23, 1994 District Council meetings to complete Phase II of LASO Council Desegregation Audit. ii February 23, 1994 Joint Interim Education Committee meeting Manager of Support Services regarding school funding formula
distribution of revised data. February 24, 1994 Meeting with local legislators to discuss school LASO Board of Directors funding issues. a 1111 11 .. /. . . }. . ..... LITTLE ROCK SCH90L DISTRICT . { ] OPERATING, DEBT SERVICE AND DESEGREGATION FUNDS FOR THE SEVEN MONTH PERIODS ENDED JANUARY 31, 1993 & 1994.. n >: ..... x :. . r <' . t t. . \\ APPROVED RECSPTS 1992/93 01/31/93 REVENUE-LOCAL SOURCES CURRENT TAXES 39,088,120 39,701,855 DELINQUENT TAXES 4,250,186 2,363,973 40% PULLBACK 21,694,576 0 EXCESS TREASURER'S FEE 140,000 145,690 DEPOSITORY INTEREST 300,000 245,270 REVENUE IN LIEU OF TAXES 224,667 245,162 MISCELLANEOUS AND RENTS 461,000 115,067 INTEREST ON INVESTMENTS 300,000 188,336 ATHLETIC RECEIPTS 100,857 0 CM, COLLECTED 101.57% 55.62% 0.00% 104.0SCWl 81.761Wl 109.1N 24.9&Ml 62.78% APPROVED 1993/94 41,027,982 4,502,692 21,420,949 145,690 303,000 245,162 484,050 350,000 RECEIPTS 01/31/94 39,161,056 3,056,253 0 146,379 259,545 182,353 28,202 159,042 0.OOCWl 102,874 0 TOTAL .. .... . ...... .. 66,5591~ ~.005.~ .. }) REVENUE - COUNTY SOURCES ._ ... CM, COLLECTED 95.451Wl 67.881Wl o.~ 100.471!t 85.66% 74.38% 5.83% 45.44% 0.00% COUNTY GENERAL 73,419 48,952 66.SN 73,419 36,605 49.86CMJ SEVERANCE TAX ... .IOI~ ... , ......... ,., ..... . REVENUE - STATE SOURCES MFPA SETTLEMENT PROCEEDS SETTLEMENT LOAN APPORTIONMENT VOCATIONAL HANDICAPPED CHILDREN ORPHAN CHILDREN EARLY CHILDHOOD TRANSPORTATION INCENTIVE FUNDS - M TOM ADULT EDUCATION COMPENSATORY EDUCATION TOTAL N .Y V' REVENUE - OTHER SOURCES PUBLIC LAW 874 TRANSFER FROM OTHER FUND TRANSFER FROM BOND ACCT TOTAL TOTAL OP.ERA.TING REVENUE REVENUE-FEDERAL GRANTS CHAPTER I CHAPTER II TITLEVI B OTHER TOTAL REVENUE-MAGNET SCHOOLS STATE/LOCAL TOTAL TOTAL REVENUE 11,000 0 27,042,713 14,969,069 8,926,606 3,889,954 1,500,000 0 73,419 36,714 1,341,887 512,902 821,449 8,580 3,000 3,540 229,403 160,194 2,692.563 985,510 2,490,900 756,256 697,589 432,991 548,034 422,702 40,000 21,795 262,000 0 600,000 0 902,000 . 2U95 113,91_3.388 65,254,512 .. , 4,288,755 1,799,383 215,020 0 589,011 228,647 1,186,464 505,350 6,279,2SO 2.533.380 14,278,796 5,128,287 14.278,796 5,128,287 134,471,-434 72,916,179 12 0.00% 18,000 0 0.00% 55.35% 25,350,138 14,132,267 55.75% 43.58% 8,094,112 4,036,652 49.8N 0.00% 0 0 o.~ 50.01% 0 0 o.~ 38.2N 1,341,887 605,261 45.11% 1.04% 1,210,000 325,396 26.89% 118.00% 3,540 0 0.00% 69.831Wl 240,873 144,626 60.04% 36.WM: 2,700,000 2,191,638 81.17% 30.361Wl 2,883,425 930,703 32.28% 62.07% 768,715 350,079 45.54% n.13% 575,435 0 o.~ 52.~ 40,000 0 0.00% 0.00% 1,250,000 1,023 0.08% 0.00% 500,000 0 0.00% 2.~ 1,790,000 1,023 O.O&M 57.~ 113,631,943 65.7~7,080 57.S&W 4,280,691 0 0.00% 192,433 0 o.~ 38.SN 624,024 443,733 71.11% 42.59% 1,091,051 638,918 58.56% 6,188,199 1,082,651 17.SOCM 35.9N 14,554,670 4,025,674 27.661Wl 35.9N 14,554,670 4,025,674 27,t
SqE 54.2.N 134,374,812 70,855,405 52.73% EXPENDITURES SALARIES BENEFITS PUA SER,SUPPUES,EQUIP DEBT SERVICE CONTINGENCY APPROVED EXPENDED 1992/93 01/31/93 73,581,345 33,066, 131 9,941,433 4,580,143 21,652,668 9,552,6"1 9,597,115 8,753,445 500,000 0 4141 EXPENDED 44.941Mi "6.074MI 44.121Mi 91.211Mi O.OOCMi ~:/}:: :::::::::::::::::::::::::::::::::::::::::::::::::-:- TOTAf'OPERA~EXPENSES} :i~l:212]6{ rns:jSi~: ... .,.~~ EXPENSES-FEDERAL GRANTS 6,76",930 2,12a.1n 31.-461Mi APPROVED EXPENDED 4141 1993194 01/31/94 EXPENDED 75,954,523 34,719,475 "5.711Mi 9,306,556 4,325,538 "46.48% 21,849,168 8,528,359 39.03% 8,870,123 8,207,713 92.5:N 1,000,000 0 O.QOIM: 7,074,106 2,310,223 32.66% EXPENSES-MAGNET SCHOOLS 14,278,796 5,802,374 40.6"% 14,554,670 6,032,285 41.45% iv"'".........
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94 REVENUE AND EXPENOl:Tl.iAES ACTUAL ANO.PROJECTED . . . fC>fl C::OUR'f.SUfJM~~~027~.i~/. I. ACTUAL ACTUAL BUDGET ACTUAL ESTIMATED PROJECTED 1991-92 1992-93 1993-94 01/31/94 2/1-6130 06-30-94 REVENUE - LOCAL SOURCES CURRENT TAXES 38,196,979 39,701,855 41,027,982 39,161,056 429,023 39,590,079 40%PULLBACK 21,081,833 22,220,949 21,420,949 0 21,420,949 21,420,949 DELINQUENT TAXES 4,250,186 4,293,380 4,502,692 3,056,253 1,n1,111 4,827,370 EXCESS TREASURERS FEES 140,858 145,690 145,690 146,379 0 146,379 DEPOSITORY INTEREST 241,476 360,734 303,000 259,545 43,455 303,000 REVENUE IN LIEU OF TAXES 224,667 245,162 245,162 182,353 0 182,353 MISC. AND RENTS 406,878 574,918 484,050 28,202 455,848 484,050 INTEREST ON INVESTMENTS 354,446 208,519 350,000 159,042 160,000 319,042 ATHLETIC RECEIPTS 100,857 87,005 102,874 0 102,874 102,874 .... - Torl~ i .} 64.~:~t 67,838.2ii ~~-~ ~992.830 2,{~~ .67~3~
= REVENUE - COUNTY SOURCES COUNTY GENERAL 73,419 73,428 73,419 36,605 36,814 73,419 SEVERANCE TAX 15,350 18,031 18,000 0 18,000 18,000 T~Afr : ~:~1,f 91.~1
)\\_:_: 88,769 91~'.459 t\ 91,-419 36,605 REVENUE - STATE SOURCES MFPA 27,264,460 25,275,221 25,350,138 14,132,267 11,437,544 25,569,811 SETTLEMENT PROCEEDS 8,637,482 8,926,606 8,094,112 4,036,652 4,057,460 8,094,112 SETTLEMENT LOAN 4,500,000 1,500,000 0 0 0 0 APPORTIONMENT 73,426 72,694 0 0 0 0 VOCATIONAL 1,513,699 1,261,451 1,341,887 605,261 736,626 1,341,887 HANDICAPPED CHILDREN 824,870 1,139,235 1,210,000 325,396 884,604 1,210,000 EARLY CHILDHOOD 147,050 234,403 240,873 144,626 96,247 240,873 ORPHAN CHILDREN 3,000 3,540 3,S40 0 3,540 3,540 TRANSPORTATION 2,379,879 3,198,252 2,700,000 2,191,638 508,362 2,700,000 COMPENSATORY EDUCATION 858,743 563,602 575,435 0 575,435 575,435 M TO M TRANSFERS 1,no,486 2,127,216 2,883,425 930,703 1,952,722 2,883,425 ADULT EDUCATION 697,589 799,544 768,715 350,079 418,636 768,715 ::::- .... .... TOTAL 48,670,684 45.101.m 43,168,125 22,716,622. 20,671.176 43,387,798 REVENUE - OTHER SOURCES PUBLIC LAW 874 9,385 40,866 40,000 0 40,000 40,000 TRANSFER FROM OTHER FUND 129,428 171,006 1,250,000 1,023 1,248,9n 1,250,000 TRANSFER FROM BOND ACCT 394,675 500,000 0 500,000 500,000 TOTAL 533,488 211.872 1,790,000 1,023 1,788,Sn 1,790,000 TOTAL REVENUE OPERATING 114,291,121 113,243,307 113,631,943 65,747,080 46,898,233 112,645,313 14 REVENUE-FEDERAL GRANTS CHAPTER I 3,275,099 4,288,755 4,280,691 0 4,280,691 4,280,691 CHAPTER II 224,423 215,020 192,433 0 192,433 192,433 Tilt.EV! B 558,810 589,011 624,024 443,733 180,291 624,024 OTHER 1,164,511 1,221,200 1,091,051 638,918 452,133 1,091,051 REVENUE-MAGNET SCHOOLS STATE/LOCAL 13,887,841 13,548,434 14,554,670 4,025,674 10,528,996 14,554,670 EXPENSES SALARIES 73,191,213 71,912,128 75,954,523 34,719,475 41,129,646 75,849,121 BENEFITS 8,992,742 9,908,175 9,306,556 4,325,538 4,964,517 9,290,055 SERVICES,SUPP,EOUIP 22,470,043 20,080,366 21,849,168 8,528,359 13,155,072 21,683,431 DEBT SERVICE 7,950,100 9,554,535 8,870,123 8,207,713 642,410 8,850,123 CONTINGENCY 0 0 1,000,000 0 0 0 RESERVEFORENCUMBR 0 714,896 0 0 0 0 TOTALOPERATINGEXPEHSE'S 14~604.~ 112.170,100 116.980,370 55,781,085 ' 59.891~~ 116,672.730 EXPENSES-FEDERAL GRANTS 5,132,152 5,992,216 7,074,108 2,310,223 4,763,883 7,074,106 EXPENSES-MAGNET SCHOOLS 13,887,841 13,548,434 14,554,670 6,032,285 8,522,385 14,554,670 TOTAL EXPENSES INCREASE (DECREASE) IN FUND BALANCE BEGINNING FUND BALANCE FEDERAL OPERATING ENDING FUND BAL.ANCE FEDERAL OPERATING TOTAL --- t3f,624,091 131,710,750 138,609,1-46 64,123,SSS 73. 171,913 137,301,506 1.m.114 1,394,977 (4,234,334) s,131,s12 c10,645,136) (3,913,324) 552,490 643,181 964,951 964,951 964,951 634,844 2,321,867 4,109,970 " 109,970 875,218 4,985,188 643,181 964,951 79,044 (262,621) 341,665 79,044 2,321,867 3,395,074 761,544 12,069,355 (10,111,583) 1,957,711 2,965,048 4,360,025 840,587 11,806,734 (9,769,918) 2,036,815 15 ACTUAL PROJECTED PROJECTED ASSUMPT 1992-93 1993-94 1994-95 1994-95 REVENUE - LOCAL SOURCES CURRENT TAXES 39,701,855 39,590,079 38,600,327 (1) 40% PULLBACK 22,220,949 21,420,949 21,420,949 DELINQUENT TAXES 4,293,380 4,827,370 4,802,692 (2) EXCESS TREASURERS FEES 145,690 146,379 140,000 DEPOSITORY INTEREST 360,734 303,000 300,000 REVENUE IN LIEU OF TAXES 245,162 182,353 180,000 MISC. AND RENTS 574,918 484,050 475,731 INTEREST ON INVESTMENTS 208,519 319,042 322,232 ATHLETIC RECEIPTS 87,005 102,874 100,000 67,376,096 REVENUE - COUNTY SOURCES COUNTY GENERAL 73,428 73,419 73,419 SEVERANCE TAX 18,031 18,000 18,000 /" .. ,.. TOTAL' :. 91,459 91,419 9,:.1: ,419 : REVENUE - STATE SOURCES MFPA 25,275,221 25,569,811 26,778,326 (3) SETTLEMENT PROCEEDS 8,926,606 8,094,112 6,042,591 SETTLEMENT LOAN 1,500,000 0 0 APPORTIONMENT 72,694 0 0 VOCATIONAL 1,261,451 1,341,887 1,200,000 HANDICAPPED CHILDREN 1,139,235 1,210,000 1,510,000 EARLY CHILDHOOD 234,403 240,873 250,000 ORPHAN CHILDREN 3,540 3,540 3,540 TRANSPORTATION 3,198,252 2,700,000 3,300,000 (4) COMPENSATORY EDUCATION 563,602 575,435 580,435 M TO M TRANSFERS 2,127,216 2,883,425 3,100,000 (4) ADULT EDUCATION 799,544 768,715 768,715 TOTAL 45,101,764 43,387,798 43,533,607 REVENUE - OTHER SOURCES PUBLIC LAW 874 40,866 40,000 38,000 TRANSFER FROM OTHER FUNDS 171,006 1,250,000 600,000 TRANSFER FROM BOND ACCT 0 500,000 400,000 TOTAL 211,872 1,790,000 1,038,000 TOTAL REVENUE OPERATING 113,243,307 112,645,313 111,004,957 16 \ti::::: :::::::i:::
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: ACTUAL PROJECTED PROJECTED ASSUMPT 1992-93 1993-94 1994-95 1994-95 REVENUE-FEDERAL GRANTS CHAPTER I 4,288,755 4,280,691 4,280,691 CHAPTER II 215,020 192,433 192,433 TITLE VI B 589,011 624,024 624,024 OTHER 1,221,200 1,091,051 1,400,000 (5) REVENUE-MAGNET SCHOOLS STATE/LOCAL 13,548,434 14,554,670 14,991,310 (6) It : : J+t' ::: . '~J:Ji :: t 13,548,434 r 14,554.J:l : 14:
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EXPENSES SALARIES 71,912,128 75,849,121 78,372,896 (7) BENEFITS 9,908,175 9,290,055 9,625,474 (7) SERVICES.SUPP ,EQUIP 20,080,366 21,683,431 22,649,762 (8) DEBT SERVICE 9,554,535 8,850,123 8,620,475 (9) CONTINGENCY 0 0 1,000.000 RESERVEFORENCUMB 714,896 0 0 :: -:-: TOTAL OPERATING EXPENSES ,.. 112,170.tOO 11S,672,730 120,268,608 EXPENSES-FEDERAL GRANTS 5,992,216 7,074,106 6,491,192 EXPENSES-MAGNET SCHOOLS 13,548,434 14,554,670 14,991,310 TOTAL EXPENSES ,,('/ :::: I. . ..., 131,710,750 137,301,506 141,751
110 ,( INCREASE (DECREASE) IN FUND BALANCE 1,394,9n (3,913,324) (9,257,694) BEGINNING FUND BALANCE FEDERAL 643,181 964,951 79,044 OPERATING 2,321,867 4,985,188 1,951,n1 ENDING FUND BALANCE FEDERAL 964,951 79,044 85,000 OPERATING 3,395,074 1,951,n1 (7,305,880) TOTAL 4,360.025 2,036,815 (7,220,880) 17 LITTLE ROCK SCHOOL DISTRICT ASSUMPTIONS 1994-95 (1) Current taxes will experience only minimal growth. A net reduction will occur in this line item when combined with the full year effect of the loss of revenues from household goods. (2) Delinquencies will remain relatively constant due to declining collection rates in previous years. (3) The Arkansas Legislature will address formula concerns by converting to a fixed charge rate for personal and utility properties as well as infusing new dollars to create additional revenues. (4) Recruiting efforts for the new Pulaski County Special School District interdistrict school will generate additional transportation reimbursement and M-to-M funding. (5) Additional funds will be secured as a result of the efforts of the new grant writer. (6) Vigorous recruitment efforts by the Little Rock School District will increase enrollment at the six original magnets. (7) Funds are included for increments for all employees and eight (8) additional 4-year old teachers and aides. (8) Funds are included for the Workers Compensation Insurance Program which must be funded by the District beginning July 1, 1994. Additional requirements for lease purchase obligations are also included. (9) Savings as a result of current proposed and prior approved debt restructuring. 18 -- LITTLE ROCK SCHOOL DISTRICT POTENTIAL BUDGET STRATEGIES 1994-95 Potential Reduction Measures (1) Institution of an early retirement incentive program $ 1,000,000 (with 100 participants) (2) Salary freeze 2,286,000 (3) Elimination of two (2) teacher contract days 700,000 (changes contract length to 190 days) (4) School closing (per location) 275,000 (5) Adjustments to vocational teacher contract lengths 278,000 (6) Reductions to fringe benefit contributions by 10% 400,000 (7) Outsourcing of transportation program 600,000 (8) Redesign of delivery of 6th period 200,000 (9) Reduction in contribution to New Futures progra~ 200,000 v (10) Reduction in materials and supplies (1%) 46,000 (11) Millage election (1 mill - 40% pullback) 575,000 (12) Draw down in desegregation loan fund 2,000,000 v---- $8,560,000 19
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