Preparing Your Personnel Budgets in Light of the Teacher Pay Plan Passage
House Bill 1023 of the Oklahoma Legislature's 2nd Extraordinary Session gives us several considerations to take into account in the early preparation of budgets. The biggest consideration will be working within the currently passed law.
House Bill 1023 of the Oklahoma Legislature's 2nd Extraordinary Session gives us several considerations to take into account in the early preparation of budgets. The biggest consideration will be working within the currently passed law. It has several provisions of which we need to be aware as teachers are placed into next year's salary schedule.
The salary increase begins at the start of the 2018-2019 fiscal year (August 1, 2018).
Fringe benefits mean all or part of the retirement benefits.
If a district is to count benefits as part of the salary increase a notification must be provided prior to a teacher’s employment. If the teacher is already employed a written notification must be provided 30 days prior to the district electing to make the salary less than the minimum salary schedule by utilizing part of the salary increase to pay retirement benefits.
A teacher may receive a maximum of 5 years of out-of-state experience or military experience toward retirement. A district may elect to recognize more than five years in placement on the salary scale, but this does not apply to teacher retirement.
Section F has a statement about retired teachers; attorneys must define this portion of the new law.
The law is contingent on the funding provision of House Bills 1010 and 1011 and will not be operative with the law's funding portion.
We strongly encourage you to spend extra time this spring to prepare next year's personnel budgets. It is important to be as transparent as possible in how you use the new law with your teaching staff. We will work through the new laws' revenue portions to provide you with a method of projecting next year's revenues. We will publish this sometime in mid-April. I would like to thank those of you who reviewed and proofed the salary sheets prior to us sending them out to our members.
The sheets below should give you a good idea of what the basic increases in salaries will be. We will publish a salary and revenue tool once we clarify a few things in the revenue laws. The sheets below are available in Excel format if you would like a copy. The sheets are in order of the new salary scale, the old salary scale and the difference between the two. We will create an interpretation of the support staff pay raise within the next few days. And as always, we continue to watch ongoing legislation to provide you with up-to-date information.
Andy serves as the Finance Director for OPSRC. In this role, he provides help in financial and business-related areas for schools. This includes budgets, managing cash flow, Estimate of Needs, federal programs and general service to aid in the effective use of district resources. Additionally, Andy serves as a resource in customizing budget spreadsheets, projection sheets, and other financial tools essential to administrators in maintaining their district’s financial health.
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