Budget Forecast

BUDGET UPDATE 3/23/2022

Reduced Sick Leave payout $25K

Decreased Legal $25K

Staff Attrition $180K

4.7% Salary Increase in 2022-23 and 5% in 2023-24

0% Health Insurance Increase in 2022-23 and 7.9% in 2023-24

10% - 20% building/department budget reduction

Open Enrollment flat between revenue and expenditures

Sub budget reduction $60K

Split ESSER III monies 60/40 between 2022-23 & 2023-24

Eliminate furniture budget $30K

Governor CRF Funds Carry-over $231,600

Budget Assumptions SCENARIO A:

Reduced Sick Leave payout $25K

Decreased Legal $25K

Staff Attrition $160K

4.7% Salary Increase $415K (2.5% in 23-24)

9.9% Health Insurance Increase $212K (same in 23-24)

10% - 20% building/department budget reduction

Open Enrollment flat between revenue and expenditures

Sub budget reduction $60K

Split ESSER III monies 60/40 between 2022-23 & 2023-24

Eliminate furniture budget $30K

Governor CRF Funds Carry-over $231,600

Scenario B: Same budget assumptions used as above EXCEPT CPI Increase 3.5% and health insurance 5.9%