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Post by doctorwho on Apr 11, 2008 11:30:42 GMT -6
And when 2012 comes then what? It can't be so simple; there has to be more to it. every single decision being made -- from the rush rush of 2009, A/C for schools, and the money that makes up the $91M -- all driven by the fear of the next ref vote because they've ticked off so many people. Want to stockpile $ so as not to have to come back at all, including for the Ops ref if the school really would have opened in 2009. And we all knew about that one -- they told us as we were approving the last one...but they know if they put this school other than at BB - the next ref will fail - whenever they ask for it. And don't forget we will have a teachers contract coming up again also.... |
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Post by JB on Apr 11, 2008 11:32:35 GMT -6
And when 2012 comes then what? It can't be so simple; there has to be more to it. There is more. M2. Note the use of the words "would not", not "can not". I'm sure if there were a legal limitation, he would have stated it quite emphatically. eta - just filling in for D204mom. This is all stuff she's posted in the past. |
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Post by sleeplessinnpvl on Apr 11, 2008 11:34:44 GMT -6
And when 2012 comes then what? It can't be so simple; there has to be more to it. There is more. M2. Note the use of the word "would", not "can't". I'm sure if there were a legal limitation, it would have stated it. Oh, I can see it now. If he promised to use only capital funds and now he uses special ops funds, there will be another lawsuit claiming "bait and switch". |
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Post by d204mom on Apr 11, 2008 11:46:40 GMT -6
Yes, it is to be spent on next year's operation. And it is supposed to fall to $60 M by 2012. They need to keep certain ratios at the end of the year - I'm not sure what they are. So use the revenue stream Dave H presented from All Day K. That will be kicking in by then. This year's budget is online. I think they approved this Prelim budget, it's the only one I could find online. www.ipsd.org/Documents/0708/FY2008PreliminaryBudget.pdfPage 10, line 225: Total Direct Recipts: Add up the colums, leave out Site & Contruction/Capital Improvement and Bonds and Interest (10-ED) 213,268,820+ (20-OPS) 22,939,808+ (40 - Transport) 13,023,517 + (50- Retire/SS) 5,116,302 + (70- Working Cash) 2,999,665 = 257,348,112 Disbursements: (10-ED) 217,168,430 (20-O&M) 23, 033, 638 (40-Trans) 11,690,562 (50- R&SS) 5,438,247 = 257,330,877 257,348,112 - 257,330,877 = 17,235 If I am reading the budget correctly that leaves a slight operating surplus 17K. PLEASE if anyone out these knows if this back of napkin figuring is wrong, let me know. HOWEVER, the expenses include all day K and the revenue from the state won't come in until the following year '09-10. So we have a balanced budget if we pay for all day k with no reimbursement from the state. I am going to have to dig. I thought the yearly excess was in the neighborhood of $6K * 300 kids (due to current kindergartners now only counting for 1/2 a student because they are a half day plus new students? Not sure if I got that right) = $1.8 Mil each year going forward. Only need 2 years and you've got the BB shortfall covered. Attacking it another way, it was stated at the meeting that due to competitive pressures, they were already $1M under budget on their estimates. Assuming the same competitive pressures exist at Brach Brodie, the shortfall on purchasing BB and opening in 2010 is 2.1 M. 1.8M can be made up with all day K in year one. So we are talking now about being $300K short on the whole project. Can we shave that out of the mulch budget, for crying out loud? I am not an expert, I am just trying to figure this out too. Yes, it would be nice if they would explain these things but the leopard does not change it's spots so I'm not hopeful. |
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Post by d204mom on Apr 11, 2008 11:57:33 GMT -6
There is more. M2. Note the use of the word "would", not "can't". I'm sure if there were a legal limitation, it would have stated it. Oh, I can see it now. If he promised to use only capital funds and now he uses special ops funds, there will be another lawsuit claiming "bait and switch". True. And I could sue them for promising an op ref in 2009 and then pushing it off until 2012 in order to claim that we can't afford Brach Brodie. |
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Post by d204mom on Apr 11, 2008 12:01:06 GMT -6
Oh crap I just was looking at the budget and it's FY '08 so it does not include all day K expenses. When will we see the FY '09 budget?
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Post by sleeplessinnpvl on Apr 11, 2008 12:09:42 GMT -6
Oh, I can see it now. If he promised to use only capital funds and now he uses special ops funds, there will be another lawsuit claiming "bait and switch". True. And I could sue them for promising an op ref in 2009 and then pushing it off until 2012 in order to claim that we can't afford Brach Brodie. Yep. I see alot of lawsuits coming down the road every time the SB makes a move someone doesn't like since they are so popular right now. Looks like no HS folks. Just use the ref money to defend our unending lawsuits. |
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Post by d204mom on Apr 11, 2008 12:13:05 GMT -6
True. And I could sue them for promising an op ref in 2009 and then pushing it off until 2012 in order to claim that we can't afford Brach Brodie. Yep. I see alot of lawsuits coming down the road every time the SB makes a move someone doesn't like since they are so popular right now. Looks like no HS folks. Just use the ref money to defend our unending lawsuits. I'm thinking that not building a 3rd high school is not as easy as some make it out to be. How to return the money? |
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Post by proschool on Apr 11, 2008 12:15:21 GMT -6
Yes, it is to be spent on next year's operation. And it is supposed to fall to $60 M by 2012. They need to keep certain ratios at the end of the year - I'm not sure what they are. So use the revenue stream Dave H presented from All Day K. That will be kicking in by then. This year's budget is online. I think they approved this Prelim budget, it's the only one I could find online. www.ipsd.org/Documents/0708/FY2008PreliminaryBudget.pdfPage 10, line 225: Total Direct Recipts: Add up the colums, leave out Site & Contruction/Capital Improvement and Bonds and Interest (10-ED) 213,268,820+ (20-OPS) 22,939,808+ (40 - Transport) 13,023,517 + (50- Retire/SS) 5,116,302 + (70- Working Cash) 2,999,665 = 257,348,112 Disbursements: (10-ED) 217,168,430 (20-O&M) 23, 033, 638 (40-Trans) 11,690,562 (50- R&SS) 5,438,247 = 257,330,877 257,348,112 - 257,330,877 = 17,235 If I am reading the budget correctly that leaves a slight operating surplus 17K. PLEASE if anyone out these knows if this back of napkin figuring is wrong, let me know. HOWEVER, the expenses include all day K and the revenue from the state won't come in until the following year '09-10. So we have a balanced budget if we pay for all day k with no reimbursement from the state. I am going to have to dig. I thought the yearly excess was in the neighborhood of $6K * 300 kids (due to current kindergartners now only counting for 1/2 a student because they are a half day plus new students? Not sure if I got that right) = $1.8 Mil each year going forward. Only need 2 years and you've got the BB shortfall covered. Attacking it another way, it was stated at the meeting that due to competitive pressures, they were already $1M under budget on their estimates. Assuming the same competitive pressures exist at Brach Brodie, the shortfall on purchasing BB and opening in 2010 is 2.1 M. 1.8M can be made up with all day K in year one. So we are talking now about being $300K short on the whole project. Can we shave that out of the mulch budget, for crying out loud? I am not an expert, I am just trying to figure this out too. Yes, it would be nice if they would explain these things but the leopard does not change it's spots so I'm not hopeful. Okay so there are 11.7 million in transporation costs. Someone here calculated that BB will reduce high school bussing miles by 13%. Isn't that potential to negotiate to save some money? |
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Post by rew on Apr 11, 2008 12:24:17 GMT -6
Wouldn't the savings in transportation costs payback the op funds in a few years?
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Post by doctorwho on Apr 11, 2008 12:32:54 GMT -6
Yep. I see alot of lawsuits coming down the road every time the SB makes a move someone doesn't like since they are so popular right now. Looks like no HS folks. Just use the ref money to defend our unending lawsuits. I'm thinking that not building a 3rd high school is not as easy as some make it out to be. How to return the money? by the time we get done paying Whitt Law and all the other attorneys, you're assuming there will be anything to return |
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Post by Avenging Eagle on Apr 11, 2008 13:37:02 GMT -6
I'm thinking that not building a 3rd high school is not as easy as some make it out to be. How to return the money? by the time we get done paying Whitt Law and all the other attorneys, you're assuming there will be anything to return Don't forget the BB damages. |
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Post by concerned2 on Apr 11, 2008 14:34:46 GMT -6
One more finance question - maybe Vickers can answer.. WHAT happens if we don't build a third high school at all? How do we return the monies on the bonds and bond premiums? Can we just pay off the bonds and retire them early? And if they've already spent some of the bond money on fees and expenses for testing, plans, etc., how will we make up the shortfall? I think that we just found our newest SB candidate, d204Mom! You ask hard questions, are fair and impartial with your postings, seem to know the ins and outs of the district, great sense of humor, positive person.....and plenty more. Seriously, you should consider running - yeah! d204Mom for SB. Only thing is we'd have to know your "real"name to support you ;D.[/qu I ditto this view. D204mom has always posted well balanced and informational posts. If I knew who you were I would vote for you too!!!  |
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Post by rew on Apr 11, 2008 14:37:04 GMT -6
I would vote for d204mom!!!
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Post by macy on Apr 11, 2008 14:46:50 GMT -6
Me too! As long as she promised to bring crazy, hilarious pictures (like her avatars) to the school board meetings.
She has a great sense of humor!
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