2017-2018 Budget Presentation Glenn Robbins – Superintendent Jessica DeWysockie – School Business Administrator
Budget Process & Timelines 2017-2018 Budget Ongoing process of implementing, evaluating and adjusting the goals and objectives of the school district. Respective departments/buildings identify needs and priorities Formal process normally begins in the fall of the prior year Governor’s Message (State Aid) – February 28, 2017 Meeting with the Finance/Operations Committee – February/March BOE adopts tentative budget – March 13, 2017 Tentative Budget due to the County – March 20, 2017 BOE adopts final budget – April 24, 2017
HIGHLIGHTS OF 2016-2017 iSTEM Lab Paperless from district level Enhanced Transparency - Social Media/Tiger Paw Prints/YouTube Apple MacBooks and iPads Redesigning Mission and Vision Statement Enhancing Project Based Learning and Design Thinking curriculum Increased learning studio (classroom) visits Increase of student voice
Goals, Priorities, & Initiatives GOALS/ PRIORITIES UPGRADES/INITIATIVES Maintain/Enhance ALL instructional programs Professional/Staff Development Maintain favorable class size Curriculum Evaluation/Redesign Focus on student achievement Technology Infrastructure Enhancements Update school security systems Redesigning learning spaces Maintain Extra-Curricular Activities & Athletics Redesigning library at OMS New Mission and Vision Statement
2017-2018 REVENUE SUMMARY Budget Proposed Inc/(Dec) % 2016-2017 2017-2018 Inc/(Dec) Tax Levy 7,380,663 7,528,276 147,613 2% State Aid/Ex Aid 5,530,344 5,530,344 0 0% Tuition 77,500 85,000 7,500 9.68% Miscellaneous 97,000 87,000 (10,000) (10.31%) Other (Withdrawal on 211,212 0 (211,212) (100%) Reserves, etc.) Fund Balance – General 538,920 1,057,998 519,078 96.32% Fund TOTAL GENERAL FUND 13,835,639 14,288,618 452,979 3.27% REVENUES
2017-2018 EXPENDITURE SUMMARY Description 2017-2018 Percent of 75 % Appropriations Total Staffing (All Salaries) 7,226,584 51% Employee Benefits – Medical, Prescription, 3,396,908 24% Dental, Vision, etc. Instruction 1,237,229 9% Tuition / Special Ed & Other 256,410 2% Operations/Transportation 1,125,965 8% Clubs/Activities 109,174 1% Support Services – CST/Admin 778,222 4% Capital Projects 158,126 1% Total Preliminary Appropriations 14,288,618 100% Note: The combined total of all salaries and benefits is equivalent to 75% of the total anticipated general fund budget.
2017-2018 TAX IMPACT 2016-2017 2017-2018 Tax Levy General Tax Levy @ 2% TAX LEVY General Fund 7,380,663 7,528,276 Debt Service 722,517 727,423 Total Taxy Levy $8,103,180 $8,255,699 Average Home Assessment $263,533 Increase per avg. household $58.38
Estimated School Property Tax Assessed Valuation Estimated School Tax Increase Taxes $160,000 $35.44 $2,001.14 $180,000 $39.87 $2,251.29 $200,000 $44.30 $2,501.43 $220,000 $48.73 $2,751.57 $240,000 $53.16 $3,001.72 $263,533 $58.38 $3,296.05 $280,000 $62.02 $3,502.00 $300,000 $66.45 $3,752.14 $320,000 $70.88 $4,002.29
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