53.1% of Madison's $393,698,456 Budget Spent on Instruction; 18% on Administration

"Management's Discussion and Analysis" (PDF):

Page 30: As provided in applicable negotiated contracts, certified District employees meeting a minimum age and length of service requirement may participate in the District's group health and insurance program upon retirement. The District bears the cost of the employee's participation up to the maximum amount it pays for active employees. For the year ended June 30, 2013, there were 1,138 participants and expenditures on a pay-as- you-go basis were $4,288,615. The District's sick leave liability at June 30, 2013 was $77,017,949, which represents $47,848,809 for currently active employees and $29,169,140 for retirees.

As provided in applicable negotiated contracts, certified District employees meeting a minimum age and length of service requirement are eligible to receive early retirement benefits of 19% of the employee's salary for three years. For the year ended June 30, 2013, there were 352 participants and expenditures on a pay-as-you-go basis were $3,547,011 After applying a discount rate of 3%, the present value of the District's early retirement liability at June 30, 2013 was $7,054,700.

The District contributes 100% of the current year premium for teachers and non- administrative employees electing coverage and all other nonadministrative employees covered under one of three health plans. Administrators contribute 10% to the plans. The net OPEB obligation at June 30, 2013 was $8,471,005.

Page 36:

The Food Service Fund had an excess of actual expenditures over budget for the year ended June 30, 2013 of $455,570. The Capital Projects Fund had an excess of actual expenditures over budget for the year ended June 30, 2013 of $4,019,807 due to QZAB and Energy Efficiency financing and related capital expenditures. Special Revenue funds were in excess of budget by $374,390.

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Administrator's Retirement Plan
The District has an administrators' retirement plan which covers eligible administrators with over 10 years of experience with the District. The plan requires contributions by administrators electing to participate in the plan. The District is required to make a defined contribution ranging from $30,000 to $36,000 annually to the plan upon the administrators' retirement for administrators with at least 15 years of service. The District contributed $181,446 to the plan for the year ended June 30, 2013.

"Using a Zero Based Budget Process" (PDF)

Posted by Jim Zellmer at November 24, 2013 3:29 AM
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