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Meeting Date:
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12/19/2019 - 6:30 PM
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Category:
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Report of the Committee on Strategic Planning and Budget
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Type:
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Action
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Subject:
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2. Action on a Request to Approve the Fiscal Year 2020-21 (FY21) Budget Parameters
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Strategic Plan Compatibility Statement:
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Goal 3 Effective and Efficient Operations
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Attachments
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File Attachment:
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Background:
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Budget parameters will be used in the planning and development of the 2020-21 (FY21) budget. The parameters help to guide the decisions made during the budget preparation process. The parameters are necessarily modified by the resources available.
MPS is committed to developing a budget that reflects a commitment to fair resources, quality and socially transformative learning, a supportive environment for employees and an equitable education system for all with the following parameters as guidance:
1. Ensure there are sufficient resources for high-quality classroom instruction at the Tier 1 level
2. Adjustments and repurposing of educational programming and departmental budgets to prioritize student achievement
3. Fully implement the salary phase-in schedules with a possible cost-of-living increase
4. Consideration of employee benefit modifications for eligible employees to identify cost savings and increase efficiencies
5. Exploration of operating efficiencies including those related to transportation
6. Implement a multitiered mental health approach to promote students' mental health and social emotional learning
7. Strengthen a well-rounded educational experience by increasing the allocation in the areas of school library, art, music and physical education
8. Restore revenue to the Construction Fund to address deferred maintenance
9. Prepare the budget maximizing the revenue limit
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Fiscal Impact Statement:
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This item does not authorize expenditures. The fiscal impact will depend on later action of the Board in adopting the budget.
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Implementation and Assessment Plan
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Recommendation:
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Your Committee recommends approval of the proposed budget parameters, through an equity lens, and direct the Administration to:
1. Develop a Task Force to conduct an analysis and make recommendations to the Board relative to the MPS Pension Plan and Retirement Benefits; and
2. That the Task Force be developed in accordance with Board Rule 2.11 and Administrative Policy 2.12 Advisory Committees, including, but no limited to the administration, 2 Board members, bargaining unit representation, and pension and retirement benefit expertise; and that
3. The Task Force includes:
• Actuarial assumptions, estimates, and projections;
• Historical context of the District’s practices and actions on
pension and retirement benefit planning;
• Current market trends and assessment of surrounding area school districts plans;
• Future benefit parameters;
• Pre and post Act 10 projection; and that
4. The Task Force provide its report to the Board no later than the March 2020 Board cycle; and
That the Administration provide to the Board by the April 2020 Board cycle a final draft of the Equity Guidebook in accordance with Administrative Policy 1.06.
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Approvals:
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Recommended By:
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Signed By:
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Jacqueline M. Mann, Ph.D. - Board Clerk/Chief Officer
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