2013-14 Budget Presentation SURPLUS/ FUND REVENUES EXPENDITURES - - PDF document

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Feb 13, 2024 252 likes •489 views

2013-14 Budget Presentation SURPLUS/ FUND REVENUES EXPENDITURES (DEFICIT) General 19,140,000 19,380,000 (240,000) Capital Outlay 3,810,000 4,004,000 (194,000) Special Education 4,027,000 4,239,000 (212,000) Pension 382,000

SLIDE 1

2013-14 Budget Presentation

FUND REVENUES EXPENDITURES SURPLUS/ (DEFICIT) General 19,140,000 19,380,000 (240,000) Capital Outlay 3,810,000 4,004,000 (194,000) Special Education 4,027,000 4,239,000 (212,000) Pension 382,000 525,000 (143,000) Bond Redemption 2,031,000 2,107,000 (76,000) Child Nutrition 1,972,000 1,972,000

SLIDE 2

2013-14 General Fund Budget

State Aid Formula

Per Student Allocation $4,626.00 (set by SD State Legislature) Fall enrollment count of X current year (2013-14) 3,564 TOTAL NEED $16,487,064 TOTAL NEED $16,487,064 School District Local Tax from Legislative Mill Levy

- (Ag-2.090, Non Ag-4.296, Other-8.628) (6,643,952)

STATE AID $ 9,843,112

SLIDE 3

2013-14 General Fund Budget

Instructional Budget $11,688,900 (60.3%) Support Services Budget $7,066,800 (36.5%) Activities $624,300 (3.2%)

SLIDE 4

2013-14 Elementary Class Sizes

AVG. SECTIONS CLASS SIZE

Jr. Kindergarten

3 13.3 Kindergarten 12 20.5 1st Grade 13 23.2 2nd Grade 13 21.0 3rd Grade 13 23.5 4th Grade 12 24.0 5th Grade 12 22.3

0.0 .0 5.0 .0 10. 0.0 15. 5.0 20. 0.0 25. 5.0 Jr.

r. K

K Kinder ergart rten en 1s 1st G Gra rade 2nd G Grade 3rd rd G Grad ade 4t 4th G Gra rade 5t 5th G Gra rade

SLIDE 5

2013-14 Enrollment Projections

Year ADM 2012-13 1,743 2013-14 1,804 Year ADM 2012-13 788 2013-14 786 Year ADM 2012-13 988 2013-14 1,015 ELEMENTARY MIDDLE SCHOOL HIGH SCHOOL

1,743 1,804 100 200 300 400 500 600 700 800 900 1,000 1,100 1,200 1,300 1,400 1,500 1,600 1,700 1,800 1,900

ELEMENTARY

2012-13 2013-14

788 786 100 200 300 400 500 600 700 800 900 MIDDLE SCHOOL

2012-13 2013-14

988 1,015 100 200 300 400 500 600 700 800 900 1,000 1,100 HIGH SCHOOL

2012-13 2013-14

SLIDE 6

2013-14 General Fund Expenditures

2013-14 2012-13 Difference % Instructional 11,688,900 11,108,600 580,300 5.2% Support Services 7,066,800 6,670,300 396,500 5.9% Co-Curricular 624,300 595,100 29,200 4.9% TOTAL 19,380,000 18,374,000 1,006,000 5.5%

Salary/Benefits Increase-5.25% $ 620,000 1 Additional In-Service Day for Teachers/Principals 60,000 Additional Staff (8.0 FTE) 422,000 Title I Expenditure Increase 25,000 Transfer CEIS Position to Spec Ed (55,000) Retirement/Non returning Staff Savings (190,000) Purchased Services (Tuition, Utilities, etc. ) 124,000 TOTAL INCREASE 1,006,000

SLIDE 7

Number of Certified Employees (FTEs)

# of F.T.E.’s

ADM

1991-92 126.3 2140 1992-93 128.7 2149 1993-94 133.3 2186 1994-95 141.8 2208 1995-96 141.8 2215 1996-97 145.7 2265 1997-98 149.7 2310 1998-99 153.2 2406 1999-00 161.7 2487 2000-01 162.2 2510 2001-02 165.2 2532 2002-03 166.8 2584 2003-04 173.0 2649 2004-05 179.5 2722 2005-06 184.0 2795 2006-07 191.1 2920 2007-08 200.5 3031 2008-09 205.0 3095 2009-10 216.5 3227 2010-11 223.0 3335 2011-12 222.0 3373 2012-13 231.0 3488 2013-14 242.0 3564

SLIDE 8

Per Pupil Allocations

$3,000 $3,500 $4,000 $4,500 $5,000 $5,500

Dollars

% Increase

SLIDE 9

Educational Funds Per Pupil Cost (“Large Schools”) 2011-12 State Statistical Profile

Abd BV Brk Hur Mad Mde Mit Pie RC SF Spf Ver Wat Yan ESD Stat e Per Pupil Cost 6601 6286 6658 7541 6874 7085 6869 6585 7302 6992 6931 7387 6737 7117 6873 7752

3000 3500 4000 4500 5000 5500 6000 6500 7000 7500 8000

SLIDE 10

ESD Members 2011-12 Federal Aid General Fund

Per District Amount Student Aberdeen $1,117,505 $281.00 BV $316,804 $93.92 Brookings $481,473 $164.38 Huron $1,623,804 $733.43 Mitchell $1,214,988 $478.53 Pierre $989,977 $394.57 Watertown $1,386,974 $364.51 Yankton $622,873 $233.64

SLIDE 11

2013-14 General Fund Revenue $19,140,000

Where the Money Comes From

Local Taxes

$ 7,505,000

Local Sources

$ 665,000

County Apportionment $ 185,000
State Sources

$ 10,395,000

Federal Sources

$ 390,000

Local Taxes 39.2% Local Sources 3.5% County Sources 1.0% State Sources 54.3% Federal Sources 2.0%

SLIDE 12

60,000.00 80,000.00 100,000.00 120,000.00 140,000.00 160,000.00 180,000.00 200,000.00

0.00 200,000.00 400,000.00 600,000.00 800,000.00 1,000,000.00 1,200,000.00

50,000.00

50,000.00 150,000.00 250,000.00 350,000.00 450,000.00 550,000.00 650,000.00 750,000.00 850,000.00

GROSS RECEIPTS

“Other Revenues” History

BANK FRANCHISE TAX COUNTY APPORTIONMENT

SLIDE 13

2013-14 Capital Outlay - $4,004,000

Facility Improvements (38.1%) $1,527,500 Band/Orchestra (1.0%) $41,500 Debt Payment (1.5%) $62,000 Maintenance Equipment (1.7%) $67,500 Printing Services (2.2%) $90,000 Classroom Furnishings/ Equipment (1.4%) $57,500 Transportation (7.7%) $308,000 Technology (27.1%) $1,085,000 General Fund Expenditures (Insurance/Utilities) (16.7%) $670,000 Library Books (1.7%) $70,000 Co-Curricular (.6%) 25,000

SLIDE 14

2013-14 Capital Outlay Debt Service

$62,000 Debt Service Payments $62,000 HS Commons/ Auditorium (8/1/2013) $0 Balance @ 6/30/14

SLIDE 15

2013-14 Special Education Budget

Instructional $ 3,331,300 Director 175,700 Transportation 207,000 Educational Co-op 425,000 Out of District Placements 100,000 $ 4,239,000 2012-13 Budget 3,886,000 Increase $ 353,000 9.0%

SLIDE 16

2013-14 Special Education

REVENUE

Local Sources $ 1,920,000 State Sources 1,522,000 Federal Sources 585,000

TOTAL $4,027,000

Local 47.7% State 37.8% Federal 14.5%

SLIDE 17

Pension Fund

2013-14 Budget

proposes $.30 Levy (Maximum)

Generates approximately

$380,000/year

Used to pay early

retirement costs and SDRS costs

2013-14 Budget

proposes expenditures of $525,000 ($403,500-Early

Retirement; $121,500-1% SD Retirement)

SLIDE 18

2013-14 Bond Redemption

$2,107,000 General Obligation Bond Payments $682,000 Bennis Elementary $5,560,000 Balance @ 6/30/14 (7/1/2021) $1,425,000 Assam Elementary & HS Addition/Activities Center $18,865,000 Balance @ 6/30/14 (12/15/2027)

SLIDE 19

Brandon Valley Child Nutrition

Averages nearly 2,810

lunches/ 310 breakfasts served daily - Approximately 492,000 lunches & 54,000 breakfasts per school year

An additional 116,000

“lunch equivalents” are served through ala carte sales

Budgeted revenues are

$1,972,000

Budgeted expenditures

are $1,972,000

Budget assumes the

following meal prices:

Lunch Breakfast

K-5 $2.40 $1.50 6-8 $2.65 $1.65 9-12 $2.75 $1.70 Adult $3.30 $2.00

Regular (80%) Free (14%) Reduced (6%)

SLIDE 20

2013-14 Property Valuations

2013-14 2012-13 Increase

AG LAND

108,923,777 105,751,239 3,172,538

OWNER OCCUPIED

862,968,917 837,833,900 25,135,017

OTHER (Commercial)

257,167,206 249,676,899 7,490,307

UTILITIES

63,000,000 62,307,556 692,444

TOTAL

1,292,059,900 1,255,569,594 36,490,306 % Increase 2.9%

SLIDE 21

District Valuation

1999-00 $498,301,691 2000-01 $563,144,801 2001-02 $627,309,734 2002-03 $667,851,518 2003-04 $727,553,636 2004-05 $790,047,800 2005-06 $880,306,176 2006-07 $977,303,441 2007-08 $1,061,601,396 2008-09 $1,137,347,460 2009-10 $1,186,131,080 2010-11 $1,218,887,102 2011-12 $1,224,128,258 2012-13 $1,255,569,594 2013-14 $1,292,059,900

200,000,000 400,000,000 600,000,000 800,000,000 1,000,000,000 1,200,000,000 1,400,000,000

13.0% 11.4% 6.5% 8.9% 8.6% 11.4% 11.0% 8.6% 7.1% 4.3% 2.8% 0.9% 2.6% 2.9%

SLIDE 22

Mill Levies

2014 2.09 4.30 9.20 3.00 1.35 0.30 1.59 8.33 10.54 15.44 2013 General Fund-Ag 2.36 General Fund-Owner Occupied 4.10 General Fund-Commercial 8.77 Capital Outlay Fund 3.00 Special Education Fund 1.21 Pension Fund 0.30 Bond Redemption Fund 1.59 TOTAL AG LEVY 8.47 TOTAL OWNER OCC. LEVY 10.20 TOTAL COMMERCIAL LEVY 14.88