2012-13 Budget Development

State Aid is estimated, at best, to be “flat” for the foreseeable future.

WACS had an unexpected loss of State Aid at the start of the 2011-12 fiscal year. ($62,000 in UPK Aid and $113,801 in Railroad Reinvestment Aid). It is unclear if these aids will be restored in the future.

The current economic climate and the tax levy limit legislation (Tax Cap) severely restrict the ability to increase taxes.

During the 2009-10, 2010-11 & 2011-12 Fiscal Years, Districts received Federal Stimulus funding to plug budget gaps. For WACS, that funding totaled over $730,000 for the budget. That funding is now gone with no revenue replacement.

Fund Balances and Reserves are projected to be depleted, using the Board of Education’s current appropriation schedule, by the end of the 2014-15 fiscal year.

The current “way of doing business” is not able to sustain what we have today. We can not continue our present system. The only way to balance future budget revenues with future expenditures is to:

1) Make drastic cuts to program and staff.

OR

2) Examine other alternatives such as:

• Centralization (merger or annexation)• Tuitioning of students

• Regionalization

OR

3) A combination of cuts or other alternatives

OR

OR ?????????

“Failing to plan is planning to fail”