2017 2018 General Fund Budget Hearing May 23, 2017 Agenda Budget - - PowerPoint PPT Presentation

2017‐2018 General Fund Budget Hearing May 23, 2017

Agenda

• Budget Process
• Levy & Taxes
• Revenue
• Expenditures
• Fund Balance Projection
• Questions and Comments

Budget Timelines for 2017‐2018

Date Budget Event June 2016 2016 - 2017 Budget Approved September 2016 Preliminary Levy set (Payable 2017; 2017-18 Revenue) December 19, 2016 Accept FY 2015-16 audit results December 20, 2016 Final Levy set (Payable 2016; 2016-17 Revenue) January 10, 2017 Review of 2016-17 revised general fund budget and 2017-18 budget timeline and parameters. January 24, 2017 School Board approves preliminary budget assumptions and timeline for 2017-18 February 28, 2017 Proposed recommended budget enhancements and adjustments presented to School Board for approval

Budget Timelines for 2017‐2018

Date Budget Event March 1, 2017 Staffing allocations set for 2017-18 May 9, 2017 Review the second draft of the 2017-18 preliminary budget May 23, 2017 Prior to the regular School Board meeting, the District will hold a public hearing to share the 2017-18 DRAFT general fund budget and collect any public comment June 5, 2017 District administration reviews information gathered at public hearing and makes final adjustments to proposed budget June 13 , 2017 Update the School Board on Budget development June 27, 2017 School Board formally adopts 2017-18 Budget

Budget Assumptions ‐ Revenue

• The per‐pupil basic general education formula allowance is currently

$6,067. The 2017‐18 is the first year in the new state budget biennium and while per pupil funding has yet to be set, for budgeting purposes we are assuming an increase of 1% or $61 per pupil unit in state basic funding.

• Operating referendum revenue continues to be based on Adjusted Pupil

Units (APU) to an amount based on APU and equal to $1,580 per APU including the inflationary increase factor of 2.39% or $36 per pupil unit

• ver the current year.
• Levy revenue will be based on the 2016 Pay 2017‐18 Certified Levy.
• New state funding formula for Special Education Aid has been fully

implemented effective with the 2015‐16 fiscal year with the goal of providing more accurate and timely information. We will continue to monitor the new funding model.

Budget Assumptions ‐ Expenditures

• Focus resources on equity and student achievement.
• Staffing adjustments will match enrollment changes and align with class size staffing

ratios.

– Kindergarten 23 students – Grades 1‐3 27 students – Grades 4‐6 32 students – Grades 7‐12 34 students

• Estimated salary settlements for upcoming contract negotiations are included.
• District benefit costs for Health/Hospitalization, Dental, Life, and Long Term Disability

costs are estimated to stay at the current level.

• Utility costs will be based on multiple year average usage with consideration given to

current rates

• All mandated reserve expense categories ( i.e. Staff development, Health & Safety, Safe

Schools, Operating Capital) will be spent in compliance with statute.

Average Enrollments

Average Enrollments Kindergarten Grades 1 - 6 Grades 7 - 12 Total Change 2005-2006 432.9 2,679.0 3,183.7 6,295.6

• 2006-2007

442.8 2,789.0 3,141.4 6,373.2 77.60 2007-2008 431.2 2,820.9 3,138.8 6,390.9 17.70 2008-2009 446.5 2,871.0 3,163.6 6,481.1 90.20 2009-2010 483.0 2,871.0 3,125.0 6,479.0 (2.10) 2010-2011 468.3 2,927.8 3,196.8 6,592.9 113.90 2011-2012 568.5 3,008.2 3,188.7 6,765.4 172.5 2012-2013 512.6 3,094.8 3,294.9 6,902.2 136.8 2013-2014 586.6 3,566.6 3,277.4 7,430.6 528.3 2014-2015 575.2 3,543.0 3,321.1 7,439.3 8.8 2015-2016 565.4 3,562.6 3,389.4 7,517.4 78.1 2016-2017 569.8 3,532.6 3,486.4 7,588.8 69.3

Average Enrollments

1000 2000 3000 4000 5000 6000 7000 8000 2007-2008 2008-2009 2009-2010 2010-2011 2011-2012 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017

AVERAGE ENROLLMENT

Kindergarten Grades 1-6 Grades 7-12

Roseville Area Schools: Ethnic Composition

District Enrollment: 7,649

American Indian: 108 1% Asian: 1,624 21% Hispanic: 954 13% Black: 1399 18% White: 3,564 47% MARSS Data 9-28-16

Roseville Area Schools: LEP District Trend

11% 13% 14% 15% 16% 15% 17% 16% 15% 0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 20% 2008‐09 2009‐10 2010‐11 2011‐12 2012‐13 2013‐14 2014‐15 2015‐16 2016‐17

MARSS Data 9-28-16

Roseville Area Schools:

Free & Reduced Priced Meals District Trend

19% 21% 24% 27% 29% 33% 35% 35% 41% 44% 46% 46% 46% 47% 48% 0% 10% 20% 30% 40% 50% 60% 2002‐03 2003‐04 2004‐05 2005‐06 2006‐07 2007‐08 2008‐09 2009‐10 2010‐11 2011‐12 2012‐13 2013‐14 2014‐15 2015‐16 2016‐17

Approved Levy Pay 2017 – General Fund

2016 PAY 2017 CERTIFIED FINAL LEVY 12/02/16

GENERAL FUND Source Approved 2016 Pay 2017 Levy Approved 2015 Pay 2016 Levy $ Change 2016 Proposed vs. 2015 Approved % Change 2016 Proposed vs. 2015 Approved Abatements 261,646.21 $ 911,812.36 $ (650,166.15) $

• 71.30%

Student Achievement 90,754.10 $ 192,358.76 $ (101,604.66) $

• 52.82%

Alternative Teacher Compensation 767,688.74 $ 667,340.31 $ 100,348.43 $ 15.04% Long Term Facilities 3,725,781.34 $ 1,804,832.08 $ 1,920,949.26 $ 106.43% Building Leases 249,038.95 $ 222,254.42 $ 26,784.53 $ 12.05% Bldg Leases - Intermediate 281,195.63 $ 197,809.58 $ 83,386.05 $ 42.15% Career & Technical 225,601.62 $ 206,029.63 $ 19,571.99 $ 9.50% Equity Levy 757,904.62 $ 893,607.97 $ (135,703.35) $

• 15.19%

Location Equity Levy 3,108,081.12 $ 3,252,080.00 $ (143,998.88) $

• 4.43%

Health & Safety 20,947.29 $ 1,110,104.20 $ (1,089,156.91) $

• 98.11%

Achievement & Integration 522,754.03 $ 473,877.67 $ 48,876.36 $ 10.31% Operating Capital 697,538.67 $ 1,021,195.17 $ (323,656.50) $

• 31.69%

Reemployment Levy 91,858.01 $ 103,074.06 $ (11,216.05) $

• 10.88%

Safe Schools Levy 311,219.64 $ 312,092.58 $ (872.94) $

• 0.28%

Safe Schools Intermediate 111,010.90 $ 105,963.00 $ 5,047.90 $ 4.76% TIF Adjustment ‐ $ ‐ $ ‐ $ Transition Levy 176,011.21 $ 183,286.11 $ (7,274.90) $ 3.97% Referendum 8,514,198.27 $ 8,750,202.13 $ (236,003.86) $

• 2.70%

Total, General Fund: 19,913,230.35 $ 20,407,920.03 $ (494,689.68) $

• 2.42%

Approved Levy Pay 2017 – All Funds

ALL FUNDS Fund Approved 2016 Pay 2017 Levy Approved 2015 Pay 2016 Levy $ Change 2016 Proposed vs. 2015 Approved % Change 2016 Proposed vs. 2015 Approved General Fund 19,913,230.35 $ 20,407,920.03 $ (494,689.68) $

• 2.42%

Community Service Fund 936,570.12 $ 978,879.64 $ (42,309.52) $

• 4.32%

Debt Service Fund 2,943,873.41 $ 3,077,853.39 $ (133,979.98) $

• 4.35%

OPEB Debt Fund 1,409,274.09 $ 1,408,718.26 $ 555.83 $ 0.04% TOTAL, ALL FUNDS 25,202,947.97 $ 25,873,371.32 $ (670,423.35) $

• 2.59%

Compare Valuation Changes on Median Home Values

RAMSEY COUNTY MEDIAN HOME VALUE Community 2015 Value 2016 Value % Change Value $ Change Tax Arden Hills $ 300,300 $ 306,350 2.0% $ (113) Falcon Heights $ 247,700 $ 252,600 2.0% $ (87) Lauderdale $ 186,550 $ 184,350 ‐1.2% $ (157) Maplewood $ 190,800 $ 200,900 5.3% $ 15 Roseville $ 216,400 $ 226,800 4.8% $ 4 Little Canada $ 223,900 $ 228,200 1.9% $ (115) Shoreview $ 253,800 $ 267,300 5.3% $ (3) Properties within ISD 623

Revenue Budget

2016‐17 2017‐18 2017‐18 % Source Source Revised Budget Original Budget Difference Difference 1 MAINTENANCE LEVY 13,768,115 $ 12,783,661 $ (984,454) $ ‐7.2% 2 MOBILE HOME TAX 20,000 $ 20,000 $ ‐ $ 5 UNEMPLOYMENT LEVY 103,074 $ 91,858 $ (11,216) $ ‐10.9% 9 FISCAL DISPARITIES 1,994,505 $ 1,994,505 $ ‐ $ 10 COUNTY APPORTIONME 223,507 $ 223,507 $ ‐ $ 15 INTEREST ON LEVY PYM ‐ $ ‐ $ ‐ $ 21 REV FROM OTHER DISTR ‐ $ ‐ $ ‐ $ 40 TUITION FROM PATRON ‐ $ ‐ $ ‐ $ 50 FEES FROM PATRONS 296,570 $ 300,000 $ 3,430 $ 1.2% 51 FEES/USAGE 250,000 $ 250,000 $ ‐ $ 52 FINES ‐ $ ‐ $ ‐ $ 60 ADMISSIONS & STUD AC 70,000 $ 70,000 $ ‐ $ 71 MA CLAIMS REVENUE 600,000 $ 600,000 $ ‐ $ 92 INTEREST EARNINGS 4,000 $ 4,000 $ ‐ $ 93 RENT OF SCHOOL FACILI 155,000 $ 155,000 $ ‐ $ 95 LEASE REVENUE 66,329 $ 66,329 $ ‐ $ 96 GIFTS AND BEQUESTS 55,000 $ 55,000 $ ‐ $ 98 MISC STUD FUND RAISIN ‐ $ ‐ $ ‐ $ 99 MISCELLANEOUS LOCAL 37,000 $ 37,000 $ ‐ $ 0‐‐ LOCAL & PROPERTY TAX 17,643,100 $ 16,650,860 $ (992,240) $ ‐5.6%

Revenue Budget

2016‐17 2017‐18 2017‐18 % Source Source Revised Budget Original Budget Difference Difference 201 ENDOWMENT AID 264,037 $ 267,337 $ 3,300 $ 1.2% 211 GENERAL ED REVENUE 60,140,038 $ 61,743,231 $ 1,603,193 $ 2.7% 212 LITERACY INCENTIVE AID 422,747 $ 422,747 $ ‐ $ 0.0% 213 SHARED TIME 20,818 $ 20,877 $ 59 $ 0.3% 227 ABATEMENT AID 59,211 $ 60,000 $ 789 $ 1.3% 234 HOMESTEAD MARKET VA ‐ $ ‐ $ ‐ $ 2‐‐ STATE AIDS 60,906,851 $ 62,514,192 $ 1,607,341 $ 2.6% 300 STATE AIDS & GRANTS 2,335,731 $ 2,384,578 $ 48,847 $ 2.1% 360 STATE AID SPECIAL ED 10,318,998 $ 11,187,170 $ 868,172 $ 8.4% 370 MISC GRANTS ‐ MDE 32,530 $ 32,530 $ ‐ $ 0.0% 3‐‐ STATE AIDS & GRANTS 12,687,259 $ 13,604,278 $ 917,019 $ 7.2%

Revenue Budget

2016‐17 2017‐18 2017‐18 % Source Source Revised Budget Original Budget Difference Difference 400 FEDERAL AIDS & GRANTS 3,796,253 $ 3,301,431 $ (494,822) $ ‐13.0% 405 SUB GRANT FROM FED F 25,000 $ 25,000 $ ‐ $ 0.0% 4‐‐ FEDERAL AIDS & GRANTS 3,821,253 $ 3,326,431 $ (494,822) $ ‐12.9% 621 RESALE OF MATERIALS ‐ $ ‐ $ ‐ $ 622 SALE OF MATERIALS ‐ $ ‐ $ ‐ $ 625 INSURANCE RECOVERY ‐ $ ‐ $ ‐ $ 6‐‐ SALES & TRANSFERS ‐ $ ‐ $ ‐ $ ‐‐‐ Revenue 95,058,463 $ 96,095,761 $ 1,037,298 $ 1.1%

Expenditures by Program Area

2016‐17 2017‐18 2017‐18 % PROGRAM Revised Budget Original Budget Budget Inc/Dec Change ADMINISTRATION 5,055,305 5,143,418 88,113 1.7% ADMIN SUPPORT 2,478,247 2,616,612 138,365 5.6% REG INSTRUCTION 43,288,066 42,208,055 ‐1,080,011 ‐2.5% VOC ED 1,422,838 1,602,440 179,602 12.6% SPEC ED 20,452,348 20,771,410 319,062 1.6% INSTRUCTIONAL SUPPORT 7,898,000 8,414,319 516,319 6.5% PUPIL SUPPORT 8,927,881 9,194,184 266,303 3.0% OP & MAINT 6,181,530 5,697,268 ‐484,262 ‐7.8% INSURANCE & OTHER 260,000 265,000 5,000 1.9% TOTAL GEN FUND EXPENSES 95,964,215 95,912,706 ‐51,509 ‐0.1% EXCLUDING OPTG CAPITAL & LONG‐TERM FACILITIES MNTNCE (LTFM)

Budget by Program Area

Fund Balance Projection

ROSEVILLE AREA SCHOOLS DRAFT 05/09/17 Budget Summary ‐ Preliminary Projections 2017 ‐ 2018

Estimated Balance June 30, 2017 2017‐2018 Preliminary Revenue 2017‐2018 Preliminary Expenditures Revenue Excess/(Deficit) Over Expenses Revised Projected Balance 6/30/18 General Fund Unassigned Fund Balance 2,076,351 $ 86,825,981 $ 86,642,926 $ 183,055 $ 2,259,406 $ 2,076,351 $ 2,259,406 $ Nonspendable (Inventories & Prepaid) 734,086 $ 734,086 $ 2,993,492 $ Restricted for: Staff Development ‐ $ 1,026,955 $ 1,026,955 $ (0) $ ‐ $ Compensatory Ed & LEP ‐ $ 5,911,561 $ 5,911,561 $ ‐ $ ‐ $ Learning & Development ‐ $ 1,800,103 $ 1,800,103 $ ‐ $ ‐ $ Gifted and Talented ‐ $ 108,930 $ 108,930 $ ‐ $ ‐ $ School Safety ‐ $ 422,231 $ 422,231 $ ‐ $ ‐ $ Health & Safety 183,945 $ 20,947 $ ‐ $ 20,947 $ 204,892 $ Operating Capital 1,461,294 $ 2,435,102 $ 3,202,584 $ (767,482) $ 693,812 $ Long‐term Facilities Maintenance (LTFM) ‐ $ 3,725,781 $ 3,725,781 $ ‐ $ Subtotal, Restricted 1,645,239 $ 15,451,610 $ 16,198,145 $ (746,535) $ 898,704 $ Total, General Fund 4,455,676 $ 102,277,591 $ 102,841,071 $ (563,480) $ 3,892,196 $

Questions and Comments

• Shari Thompson
• Director of Business Services
• (651)635‐1615
• shari.thompson@isd623.org