2019 Budget Hearing 9/18/18 1 2019 Budgets 2019 Budgets - - PowerPoint PPT Presentation

2019 Budget Hearing

9/18/18 1

2019 Budgets

• 2019 Budgets advertised for the

following four funds -

• Education Fund
• Operations Fund
• Debt Service Fund
• Rainy Day Fund

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Budget Process

*Estimating expenditures conservatively

• n the high side, and estimating

revenues and A.V.’s conservatively on the low side, results in levies and rates that are advertised high, but these will be reduced when we receive our budget order from DLGF

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Education Fund

• Largest Fund accounting for approximately

2/3 of budget expenditures

• New for 2019, Education Fund includes all

former general fund expenses minus central administration & facility maintenance costs, then adds student I.T. expenditures

• Primary revenue from State Basic Grant

(driven by ADM), no property tax levy

• Budget reflects projected increases to

salaries, benefits and supplies

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Education Fund

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Salaries 66% Benefits 21% SECC, ROD & Ivy Tech 9% Supplies, Tech 4%

2019 Expenses

Operations Fund

• New for 2019, created by adding central

administration and facility maintenance portions of General fund to Capital Projects, Transportation and Bus Replacement funds

• Primary funding through property taxes, with

maximum levy limited to $3,822,206 for 2019

• A portion of State Basic Grant may be transferred

from Education to Operations Fund to cover previous General Fund Operations costs

• Still requires adoption of CPF and Bus Replacement

plans

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Operations Fund

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Facility Maintenance 25% Utilities & Insurance 12% Improvements 10% Transportation, Bus Replacement 34% Equipment Purchase/Rental 5% Central Administration 9% Security / Other 5%

Operations Expenditures

Operations - Capital Projects Plan

BATESVILLE COMMUNITY SCHOOL CORPORATION 2018 Statement of Values Location

• Sq. Footage

Buildings Administration Building 4,230 720,682 High School & Athletic Facilities 220,690 44,445,462 Middle School & 1937 Gym 106,824 21,654,596 Intermediate School 101,632 18,139,055 Primary School 86,295 16,040,132 Other 11,069 1,176,626 TOTALS 530,740 $102,176,626

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Operations – Capital Projects Plan

• New for 2019, Capital projects plan must identify

equipment purchases and proposed projects that exceed $10,000

• BCSC Plan includes one planned equipment

purchase over that threshold – replacement of utility van

• BCSC Plan also includes multiple projects in excess
• f $10,000, including mechanical upgrades, roof

section replacements, parking lot improvements, security upgrades, interior finishes, and athletic/playground improvements

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Operations - Transportation

• Operating expenses for school day and extra-

curricular trips paid from fund

• BCSC operates 28 routes and over 1,000 miles each

day to transport students to/from school

• Roughly 75% of students ride at least occasionally,

as well as SLS students

• We are currently in final year of 4-year agreement

with contracted bus routes (expires after 2018-19 school year)

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Operations - Bus Replacement Plan

• Used to purchase BCSC school buses and activity

buses only

• No contribution toward contractor-owned buses
• In order to establish bus replacement plan, must

advertise and maintain replacement schedule

• 2019 budget includes replacement of one type “D”

84-passenger bus, plus additional purchase of three used buses to allow BCSC to take over three contracted routes, providing additional flexibility

• 2019 total bus replacement budget - $400,000

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Operations - Bus Replacement Plan

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Corp ID No. Type of Bus/Vehicle per DOE "TN"

2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030

1 2018 D 135,000 6 2019 D 135,000 18 2012 D 125,000 19 2018 C 120,000 19A 2016 C 130,000 19B 2019 C 120,000 20 2015 D 130,000 21 2013 D 130,000 22 2016 D 130,000 24 2017 D 135,000 25 2009 D 125,000 26 2014 D 130,000 31 2014 A 90,000 32 2013 A 90,000 33 2013 A 90,000 40 2007 D 120,000 41 2010 D 125,000 43 2012 C 125,000 45 2013 C 130,000 Replacement Totals 120,000 125,000 125,000 0 250,000 440,000 220,000 130,000 260,000 135,000 255,000 255,000

Debt Service Fund

• Purpose is to pay legally incurred debts, bond

issues, and interest on short term loans

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Appropriation Name

2nd half 2018 full year 2019 1st half 2020

Unreimbursed textbooks

$37,440 $51,345

Debt Retirement - BMS/BHS 1998

$479,000

Debt Retirement - GOB 2012 (IvyTech)

$60,425 $119,200 $58,775

Debt Retirement - GOB 2014 (BPS)

$124,698 $245,651 $125,953

Interest on Temporary Loans

$26,652 $90,804

Lease Rental - BHS 2016

$330,500 $658,000 $329,500

Lease Rental - BHS/BIS 2011

$261,500 $1,503,000 $751,500

Anticipated Debt Service - Tech

$220,000

Professional Services - Trustee fees

$2,000

TOTAL DEBT SERVICE FUND

$1,320,215 $2,890,000 $1,265,728

Rainy Day Fund

• Established for the purpose of setting aside funds to

pay for irregular pension and severance obligations

• 2019 budget advertisement includes appropriation

for rainy day fund for the third year

• Could be used for other needs only with resolution
• f School Board
• 2019 – advertised appropriation of $150,000
• Current cash balance is $228,131

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Appropriations History

Education Operations Debt Rainy (General) (CPF,Trans,Bus) Service Day TOTAL 2009 $12,981,847 $4,590,140 $1,678,000 $0 $19,249,987 2010 $13,021,139 $4,706,498 $1,724,999 $0 $19,452,636 2011 $13,080,500 $5,030,500 $1,785,000 $0 $19,896,000 2012 $12,600,000 $5,292,000 $1,640,000 $0 $19,532,000 2013 $13,319,000 $5,089,000 $1,685,099 $0 $20,093,099 2014 $13,786,000 $5,320,000 $1,665,450 $0 $20,771,450 2015 $13,979,000 $5,000,000 $1,925,000 $0 $20,904,000 2016 $13,979,000 $4,900,000 $1,925,000 $0 $20,804,000 2017 $14,800,000 $5,009,000 $2,580,000 $150,000 $22,539,000 2018 $14,500,000 $5,090,000 $2,580,000 $150,000 $22,320,000 2019 $14,200,000 $6,190,000 $2,890,000 $150,000 $23,430,000

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Tax Rate History

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2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

$1.17 $0.69 $0.73 $0.70 0.73 $0.71 $0.73 $0.80 $0.78 $0.88 0.86 $1.70 $0.97 $0.90 $0.90 $0.90 $0.93 $1.00 $1.07 $1.02 $1.09 $1.11 $1.18

Actual Rate Advertised Rate

Net Assessed Valuation History

Year N.A.V. 2009 $655,235,966 2010 $660,321,139 2011 $665,057,430 2012 $662,957,275 2013 $642,826,137 2014 $662,646,687 2015 $660,614,569 2016 $667,659,652 2017 $672,530,547 2018 $675,181,227 2019 $705,118,801

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$610,000,000 $620,000,000 $630,000,000 $640,000,000 $650,000,000 $660,000,000 $670,000,000 $680,000,000 $690,000,000 $700,000,000 $710,000,000

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Enrollment History - ADM

Year ADM 2005-06 1,871 2006-07 1,910 2007-08 1,939 2008-09 1,967 2009-10 1,979 2010-11 2,010 2011-12 2,020 2012-13 2,061 2013-14 2,087 2014-15 2,077 2015-16 2,174 2016-17 2,140

* 2015-16 – KG Counts As 1.0 ADM

2017-18 2,199

* 2017-18 - Readiness KG (+60)

2018-19 2,148

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ADM

ADM

2019 Budget Hearing

Questions

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