RAS Financial Trouble

Some things to remember when looking at the linked worksheet:

• $1 million = ~83 student drop at ~$12,000 per student (09/10)
• $3.6 million = ~300 student drop at ~$12,000 per student (10/11)
• The 10/11 student reduction is an estimate which could easily vary higher or lower. (ie guesstimate)
• This is why schools are interested in enticing the students back to the district, or pulling open enrollees into the district.
• This is variation across ~12,000 students, so though the numbers are big, the percent variation is fairly small. (300 kids = 2.5%)
• $5.7 million gap = $5.9 million fund bal goal - $ .2 million forecast
• As DJ pointed out: apparently ~$3 million of the gap created when the latest contract was signed. (G2A S and L) Now is this labor or mgmts fault... Either way, all of us will pay in the coming years.
• This is operating dollars, not capital... Selling facilities will not raise funds that can directly offset this. Though, it would result in reduced maintenance, heating, etc expenses.

Since the active folks have seen this coming for 6+ mths, I wonder how shocked the majority of RAS citizens will be? (G2A Promises) Please reply with any other interesting things I am missing here. Thanks

Budget Reduction Announcement
Budget Adjustment Worksheet