Budget Commission Meeting

Report
Atlanta Public Schools
Budget Commission Meeting
Charles A. Burbridge, Chief Financial Officer
February 25, 2014
Five Year Analysis of
Local Tax Revenues
$600
Millions
$500
$460
$442
$425
$400
$395
$401
FY 2013
FY 2014
Budgeted
$300
FY 2011
FY 2012
FY 2015
Forecast
FY2015 Revenue Projection
630
QBE
620
Tax Revenue
Sale of Assets
610
600
590
580
FY14
570
560
550
Revenue Projections
Changes From Prior Year
FY14
Total Tax Revenue
Total State
Total Other Local
571
612
619
610
0
41
7
(8.8)
Millions
FY2015 Appropriation
660
655
650
650
640
640
629
630
623
620
622
616
610
600
631
605
595
590
Appropriation
Changes in Appropriations
Bandwidth/
Bus Driver
Tech
Media Para
Conversion
Support
FY14
Charter
Schools
Pay Raises
3%
595
605
616
623
622
0
10
11
7
-1
Millions
RT3
Transfer
Instruction
Furlough/V
acancy
Mgt.
629
631
640
650
655
6
2
9
10
5
Benefits
Summary of Changes
FY15 Projected Revenue
Fund Balance Usage
Total Revenue
FY15 Budget Request
$610
20
$630
655
Budget Request Shortfall
Note: Projected ending fund balance for FY14 equals $73 million
Millions
($25)
Special Revenue Analysis Summary
as of December 31,2013
FY14
FY13
Allocation
Carryover
FY14 Total
December Cumulative
FY14 Projected
FY15 Projected
Allocation Available
Expenditures
Allocation Remaining
Allocation
Federal Title Programs
$
52
$
25
$
77
$
18
$
59
$
60
Direct Federal & State Programs
$
36
$
-
$
36
$
8
$
29
$
36
General Fund Special Revenue
$
3
$
-
$
3
$
1
$
2
$
3
Other Special Revenue Programs
$
34
$
11
$
46
$
23
$
23
$
30
Special Revenue Grand Totals
$
125
$
$
162
$
50
$
113
$
129
36
Millions
Community Meetings
• South Region
• North Region
• East Region
• West Region
March 20th
March 27th
April 1st
April 3rd
Questions & Answers
8

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