2020 Budget Hearing 9/17/19 1 2020 Budgets 2020 Budgets - - PowerPoint PPT Presentation

2020 Budget Hearing

9/17/19 1

2020 Budgets

• 2020 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 nearly 2/3 of

budget expenditures

• Major expenditures from Education Fund

include staffing costs for all academic areas, support services and building administration, along with I.T. support costs and educational supplies

• Primary revenue from State Basic Grant

(driven by ADM), no property tax levy

• Budget reflects projected increases to

salaries and benefits

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Education Fund

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Salaries 70% Benefits 21% SECC, ROD & Ivy Tech 5% Supplies, Tech 4%

Education Fund Expenses - 2020

Operations Fund

• Major expenditures from Operations Fund include

central administration, facility maintenance & utilities, capital projects, transportation, school bus replacement and equipment purchases

• Primary funding through property taxes, with

maximum levy limited to $3,955,983 for 2020

• A portion of State Basic Grant may be transferred

from Education to Operations Fund

• 2020 – budget for transfer of $600,000 from Education Fund
• Requires adoption of CPF and Bus Replacement

plans

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Operations Fund

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Facility Maintenance 30% Utilities & Insurance 10% Improvements 8% Transportation 30% Equipment Purchase/Rental 5% Central Administration 10% Security / Other 7%

2020 Operations Expenditures

Operations - Capital Projects Plan

BATESVILLE COMMUNITY SCHOOL CORPORATION 2019 Statement of Values Location

• Sq. Footage

Buildings Administration Building 4,230 742,302 High School & Athletic Facilities 220,690 45,778,826 Middle School & 1937 Gym 106,824 22,304,234 Intermediate School 101,632 18,683,227 Primary School 86,295 16,521,336 Other 11,069 1,211,925 TOTALS 530,740 $105,241,850

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Operations – Capital Projects Plan

• Capital projects plan must identify equipment

purchases and proposed projects that exceed $10,000

• BCSC does not plan for equipment purchase

exceeding $10,000 in 2020 (2019 included purchase

• f replacement utility van as only item)
• 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 first year of 4-year agreement

with contracted bus routes (expires after 2022-23 school year)

• Four contracted routes were brought back in-house

from previous contract

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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

• 2020 budget includes replacement of one type “D”

84-passenger bus

• 2020 total bus replacement budget - $125,000

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Operations - Bus Replacement Plan

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Estimated Replacement Costs Bus Description Corp ID Number Type of Bus/Vehicle per DOE "TN" Owned or Leased 2020 2021 2022 2023 2024 1 Thomas (spare) 40 2009 D Owned $125,000 2 Thomas (spare) 41 2010 D Owned $125,000 3 Thomas (spare) 43 2012 D Owned $130,000 4 Freightliner (spare) 5 2012 C Owned $110,000 5 Thomas 4 2012 D Owned $130,000 6 Thomas 21 2013 D Owned $130,000 7 Chevrolet Micro-Bird 32 2013 A Owned $60,000 8 Chevrolet Micro-Bird 33 2013 A Owned $60,000 9 Chevrolet Micro-Bird 31 2014 A Owned 10 International 45 2013 C Owned 11 Thomas 26 2014 D Owned 12 Thomas 20 2015 D Owned 13 Thomas 22 2016 D Owned 14 Thomas 12 2016 D Owned 15 Thomas 3 2016 C Owned 16 Thomas 19A 2016 C Owned 17 Thomas 24 2017 D Owned 18 Thomas 1 2018 D Owned 19 Thomas 19 2018 C Owned 20 Thomas 6 2019 D Owned 21 Thomas 19B 2019 C Owned 22 Thomas 18 2020 D Owned 23 Thomas 25 2020 D Owned Replacement Cost Totals $125,000 $125,000 $370,000 $250,000

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 2019 full year 2020 1st half 2021

Unreimbursed textbooks

$37,469

Lease Rental BMS/BHS 2019

$186,000 $70,000

Debt Retirement - GOB 2012 (IvyTech)

$59,325 $122,000 $62,625

Debt Retirement - GOB 2014 (BPS)

$122,201 $250,600 $123,342

Interest on Temporary Loans

$40,000 $129,931

Lease Rental - BHS 2016

$329,000 $659,000 $330,500

Lease Rental - BHS/BIS 2011

$751,500 $1,503,000 $753,500

Professional Services - Trustee fees

$2,000

TOTAL DEBT SERVICE FUND

$1,302,026 $2,890,000 $1,339,967

Rainy Day Fund

• Established for the purpose of setting aside funds to

pay for irregular pension and severance obligations

• Could be used for other needs only with resolution
• f School Board
• 2020 – advertised appropriation of $150,000
• Current cash balance is $371,131

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Appropriations History

Education Operations Debt Rainy (General) (CPF,Trans,Bus) Service Day TOTAL 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 $14,100,000 $6,190,000 $2,890,000 $150,000 $23,330,000 2020 $14,450,000 $6,050,000 $2,890,000 $150,000 $23,540,000

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Tax Rate History

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2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

$0.73 $0.70 0.73 $0.71 $0.73 $0.80 $0.78 $0.88 0.86 0.89 $0.90 $0.90 $0.90 $0.93 $1.00 $1.07 $1.02 $1.09 $1.11 $1.18 $1.19

Actual Rate Advertised Rate

Net Assessed Valuation History

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N.A.V. 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 2020 $699,488,498

$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 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

Enrollment History - ADM

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Year ADM 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 2017-18 2,199 2018-19 2,148 2019-20 2,180

1,750 1,800 1,850 1,900 1,950 2,000 2,050 2,100 2,150 2,200 2,250 2 6

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ADM Linear (ADM)

2020 Budget Hearing

Questions

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