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Board of Education Finance Committee Meeting - May 7, 2013

Meeting Date & Time: Tuesday, May 7, 2013, 5:00 PM
Where: DeLayo Martin Community Room Alice and Bruce King Educational Complex, 6400 Uptown NE
Minutes: Minutes
Agenda Packet: Packet
Meeting Posted On: 04/19/2013, 6:17 PM
Agenda Posted On: 05/03/2013, 4:57 PM
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Finance Committee Meeting



Tuesday, May 7, 2013

5:00 PM

DeLayo-Martin Community Room, Alice and Bruce King Educational Complex, 6400 Uptown Blvd.NE

Albuquerque, New Mexico



Call to Order



Approval of the May 7, 2013, Finance Committee Agenda (Discussion/Action)



Presentation of FY14 Preliminary Budget (Discussion)
Presenter: Don Moya and Ruben Hendrickson






The next Finance Committee meeting will be held on Tuesday, May 21, 2013, at 7:45 a.m., at the Alice and Bruce King Educational Complex in the DeLayo-Martin Community Room


Albuquerque Public Schools

Minutes of the Finance Committee

May 7, 2013



A Finance Committee meeting of the Albuquerque Public Schools Board of Education was held on Tuesday, May 7, 2013, beginning at 5:00 p.m., in the Alice and Bruce King Educational Complex, DeLayo-Martin Community Room, 6400 Uptown Blvd., NE.  Attending were:  Don Duran, Marty Esquivel, Lorenzo Garcia, Analee Maestas, Steven Michael Quezada and David Peercy (via telephone).


Absent: Kathy Korte


  1. I. Call to Order

Dr. Duran called the meeting to order at 5:05 p.m.

a.   Adoption of the May 7, 2013, Agenda

Mr. Esquivel motioned for approval of the agenda with Mr. Quezada seconding the motion in the affirmative.  Motion carried.


  1. II. Presentation of FY 14 Preliminary Budget

Mr. Moya and Mr. Hendrickson presented the Preliminary FY14 Budget:

  • APS SEG Funding-largest increase since FY08-$614.1M
  • Operational Fund is largest funding component-$658.6M
  • Total Budget is $1,319.8M
  • Keep cuts away from schools
  • No set % cuts for departments
  • SEG Revenue Increase-$24.1M
  • Known changes-$9.8M
  • Discretionary changes-$3.8M
  • Grand total projected expenditure increases $28.1M
  • Projected budget shortfall-($4.0)
  • Supplemental Sped MOE funding fix is non-categorical-$7.0
  • Projected shortfall if Sped MOE generates additional SEG-$3.0
  • Recent History of Budget Cuts-5 year total=($105M)
  • Operational Surplus-$3M
  • Estimated FY13 Cash Balance- $27M
  • Beginning Budgeted FY14 Cash Balance-$27M, Ending Cash Balance-$30M


The final FY14 Budget will be voted on by the full Board on May 22, and submitted to PED on May 28, 2013.  The technical review will be on June 12, 2013.


  1. III. Future Agenda Items/Requests

  1. IV. Adjournment

Dr. Duran adjourned the Finance Committee meeting at 6:25 a.m.  The next Finance Committee meeting will be held on Tuesday, May 21, 2013, at 7:45 a.m., in the DeLayo-Martin Community Room.

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