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April 15, 2014 (Special Meeting)
<br />Pane 1974
<br />Ms. Dubois advised the following additional considerations were
<br />recommended from the LGC (Local Government Commission):
<br />Additional Expenses Considered
<br />Net Accumulated Cash Balance
<br />Plan
<br />Net Accumulated Cash Balance as of June 30, 2019
<br />Additional
<br />Architecture
<br />F
<br />20,297,703
<br />C
<br />Recurring
<br />and
<br />$2,678,758
<br />F
<br />Additional
<br />Building &
<br />Engineering
<br />5,244,270
<br />C
<br />Current
<br />Grounds
<br />in Advance
<br />Source of Debt
<br />Plan
<br />Expense
<br />Maintenance
<br />of Issue
<br />Service
<br />Amount
<br />$1,363,636
<br />$1,570,000
<br />$3,950,000
<br />E
<br />✓
<br />Face of the Five Year
<br />Plan
<br />F
<br />✓
<br />V
<br />Face of the Five Year
<br />Plan
<br />C
<br />✓
<br />Accumulated cash in
<br />the purple section
<br />Net Accumulated Cash Balance
<br />Plan
<br />Net Accumulated Cash Balance as of June 30, 2019
<br />E
<br />$14,609,667
<br />F
<br />20,297,703
<br />C
<br />30,077,539
<br />Subsequent Reductions:
<br />Plan
<br />FY15
<br />FY16
<br />FY17
<br />Total
<br />E
<br />+4,372,785
<br />$1,900,000
<br />778, 758
<br />$2,678,758
<br />F
<br />$5,244,270
<br />5,244,270
<br />C
<br />$9,144,411
<br />3,417,370
<br />12,561,781
<br />tions for Reductions Plans E, F, C
<br />1 All expenditure categories are cut by a percentage
<br />• Type of expense
<br />• Department
<br />► Reduction of specific programs and services based on Board Retreat
<br />direction and Program Matrix
<br />"Across the board" Reductions
<br />►
<br />Total additional reductions required over the Five Year Plans excluding
<br />mandated and contractual obligations:
<br />Plan E requires a 1.78% reduction to achieve the $2,678,758
<br />Plan F requires a 3.485 reduction to achieve the $5,244,270
<br />Plan C requires an 8.33% reduction to achieve the $12,561,781
<br />1 Over the last few years staff has strived to reduce funding to baseline
<br />levels for all programs
<br />/ Any further reductions may impact programs and services and their
<br />respective staff
<br />► Lower funding levels cannot ensure that departments meet their
<br />established missions, goals, and objectives
<br />Historical Comparison:
<br />Adopted FY13 to Planned FY15 Budget per the Guidelines
<br />Amount
<br />Category of Changes
<br />$200,267,199
<br />General Fund Adopted Budget in FY13
<br />+44,000
<br />Debt Service
<br />+4,372,785
<br />School Funding
<br />- 2,073,328
<br />Retirement of Debt
<br />
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