Elementary Consolidation & Improvement Plan - Financial Analysis of School Closures Plan 12/04/02
The following is a projection of the financial savings to be generated through the implementation of the proposed Option.
|
Savings in FY03-04 |
Savings in FY04-05 |
Savings in FY05-06 |
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Item |
Description |
No. & Type of |
Unit |
Total |
No. & Type of |
Total |
No. & Type of |
Total |
||
|
1. |
Reduction of FTE teacher positions |
(32.00) Teachers |
50,735 |
(1,623,520) |
(5.00) Teachers |
(253,675) |
(4.00) Teachers |
(202,940) |
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|
Fringe benefits @21% |
|
|
(340,939) |
Fringe benefits @21% |
(53,272) |
Fringe benefits @21% |
(42,617) |
||
|
|
|
|
(1,964,459) |
|
(306,947) |
|
(245,557) |
||
|
|
|
|
|
|
|
|
|
||
|
2. |
Administrative savings based on |
(2.00) Principals |
93,066 |
(186,132) |
|
|
|
|
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|
reduction of number of schools |
(2.00) Asst. Prin |
68,188 |
(136,376) |
|
|
|
|
||
|
|
(2.00) Clerks |
32,000 |
(64,000) |
|
|
|
|
||
|
|
(1.33) Family Lias |
22,558 |
(30,002) |
|
|
|
|
||
|
Fringe benefits @21% |
|
|
(87,467) |
|
|
|
|
||
|
|
|
|
(503,977) |
|
|
|
|
||
|
|
|
|
|
|
|
|
|
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|
3. |
Reduction of Kindergarten Aides |
(1.00) Instr Aides |
18,319 |
(18,319) |
|
|
|
|
||
|
Fringe benefits @21% |
|
|
(3,847) |
|
|
|
|
||
|
|
|
|
(22,166) |
|
|
|
|
||
|
4. |
Reduction of following teacher/specialist |
|
|
|
|
|
|
|
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|
and other support positions |
|
|
|
|
|
|
|
||
|
- Library/Media specialist |
(1.00) Teacher |
50,735 |
(50,735) |
|
|
|
|
||
|
- Early Childhood Resource Spec. |
(2.00) Teacher |
50,735 |
(101,470) |
|
|
|
|
||
|
- Technology Technical Asst. |
(2.00) Tech Asst |
29,577 |
(59,154) |
|
|
|
|
||
|
- Music, Art, Phys Ed & World Lang Spec |
(5.00) Teacher |
50,735 |
(253,675) |
|
|
|
|
||
|
Fringe benefits @21% |
|
|
(97,657) |
|
|
|
|
||
|
|
|
|
(562,691) |
|
|
|
|
||
|
|
|
|
|
|
|
|
|
||
|
Sub-Total: Staffing savings |
(50.33) |
|
(3,053,294) |
|
(306,947) |
|
(245,557) |
||
|
|
|
|
|
|
|
|
|
||
|
5 |
Facilities Operating Savings: |
|
|
|
|
|
|
|
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|
- Relocation of central office |
|
|
- |
|
- |
|
(205,000) |
||
|
- Close Graham & Parks bldg. |
(3.00) Custodians |
42,000 |
(126,000) |
|
|
|
|
||
|
fringe benefits @ 21% |
|
|
(26,460) |
|
|
|
|
||
|
Utilities & operating costs |
|
|
(53,000) |
|
|
|
|
||
|
|
|
|
|
|
|
|
|
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|
Sub-Total: Facilities Savings |
(3.00) |
|
(205,460) |
|
- |
|
(205,000) |
||
|
|
|
|
|
|
|
|
|
||
|
Total Savings: |
(53.3) |
|
(3,258,754) |
|
(306,947) |
|
(450,557) |
||
|
|
|
|
|
|
|
Cumulative Total: |
(4,016,258) |
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