FY 2019 FINAL BUDGET APPROVAL PRESENTATION JUNE 19, 2018
GENERAL FUND OVERVIEW INCREASE PERCENTAGE REVENUES FY 2019 BUDGET FY 2018 BUDGET (DECREASE) OF TOTAL LOCAL 216,319,332 197,080,433 19,238,899 48.51% STATE 229,629,211 209,044,138 20,585,073 51.49% TOTAL REVENUES 445,948,544 406,124,571 39,823,972 INCREASE PERCENTAGE EXPENDITURES FY 2019 BUDGET FY 2018 BUDGET (DECREASE) OF TOTAL FUNCTION INSTRUCTION 324,207,911 295,826,348 28,381,563 72.97% PUPIL SERVICES 8,388,929 7,844,142 544,787 1.89% IMPROVEMENT OF INSTRUCTION 9,605,745 6,905,824 2,699,921 2.16% MEDIA SERVICES 3,892,088 3,485,259 406,829 0.88% GENERAL ADMINSTRATION 1,058,707 1,053,136 5,571 0.24% SCHOOL ADMINISTRATION 26,931,479 24,496,068 2,435,411 6.06% BUSINESS SERVICES 2,566,457 2,447,922 118,535 0.58% MAINTENANCE & OPERATIONS 35,300,163 33,576,565 1,723,599 7.95% TRANSPORTATION 20,141,103 18,714,563 1,426,540 4.53% CENTRAL SUPPORT SERVICES 9,708,784 8,558,410 1,150,374 2.19% OTHER SUPPORT SERVICES 120,432 108,792 11,640 0.03% DEBT SERVICE 2,370,950 2,366,200 4,750 0.53% TOTAL EXPENDITURES 444,292,749 405,383,228 38,909,521 EXCESS REVENUE OVER (UNDER) EXPENDITURES 1,655,794 741,343 FUND BALANCES FY 2018 AND 2019 BEGINNING FUND BALANCE 7/1/2017 61,044,621 FY 2018 REVENUES OVER (UNDER) EXPENDITURES 741,343 ESTIMATED ENDING FUND BALANCE 6/30/2018 61,785,964 FY 2019 REVENUES OVER (UNDER) EXPENDITURES 1,655,794 ESTIMATED ENDING FUND BALANCE 6/30/2019 63,441,758 PERCENTAGE OF FUND BALANCE TO EXPENDITURES 14.28%
EXPENDITURES BY FUNCTION % OF FY 2019 FY 2019 OPERATING SALARIES & OPERATING FY 2018 INCREASE PERCENT FUNCTION BUDGET BENEFITS EXPENSES TOTAL BUDGET (DECREASE) CHANGE 1000 INSTRUCTION 72.97% 309,874,648 14,333,263 324,207,911 295,826,348 28,381,563 9.59% 2100 PUPIL SERVICES 1.89% 5,875,332 2,513,597 8,388,929 7,844,142 544,787 6.95% 2210 IMPROVEMENT OF INST 2.16% 6,760,551 2,845,194 9,605,745 6,905,824 2,699,921 39.10% 2220 MEDIA SERVICES 0.88% 3,438,427 453,661 3,892,088 3,485,259 406,829 11.67% 2300 GENERAL ADMIN 0.24% 815,907 242,800 1,058,707 1,053,136 5,571 0.53% 2400 SCHOOL ADMIN 6.06% 26,900,779 30,700 26,931,479 24,496,068 2,435,411 9.94% 2500 BUSINESS SERVICES 0.58% 2,183,182 383,275 2,566,457 2,447,922 118,535 4.84% 2600 MAINT & OPERATION 7.95% 17,563,495 17,736,668 35,300,163 33,576,565 1,723,599 5.13% 2700 TRANSPORTATION 4.53% 16,525,528 3,615,575 20,141,103 18,714,563 1,426,540 7.62% 2800 CENTRAL SUPPORT 2.19% 6,400,443 3,308,342 9,708,784 8,558,410 1,150,374 13.44% 2900 OTHER SUPPORT 0.03% 25,706 94,726 120,432 108,792 11,640 10.70% 5100 DEBT SERVICE 0.53% 0 2,370,950 2,370,950 2,366,200 4,750 0.20% 1.00 396,363,998 47,928,751 444,292,749 405,383,228 38,909,521 9.60% SALARIES & OPERATING BENEFITS EXPENSES FY 2019 89.21% 10.79% FY 2018 88.90% 11.10%
SALARY AND BENEFIT INCREASES SCHOOL BASED POSITIONS ASSISTANT PRINCIPAL 8 139,078 1,112,624 MEDIA SPECIALIST 2 89,368 178,736 MEDIA PARAPRO 2 45,565 91,130 INSTRUCTIONAL TECHNOLOGY SPECIALIST 2 89,368 178,736 COUNSELOR 11 89,368 983,048 TEACHER 86 89,368 7,640,964 TEACHER - SPECIAL EDUCATION 43 89,368 3,842,824 SCHOOL ADVOCACY SPECIALIST 6 89,368 536,208 PARAPRO 13 56,565 735,345 CLERICAL 10 57,033 570,330 NURSE 2 73,961 147,922 CUSTODIAN 27 45,858 1,238,166 TOTAL SCHOOLS 212 17,256,033 NON-SCHOOL BASED SAFETY COORDINATOR 1 136,000 DIRECTOR HIGH SCHOOL INSTRUCTION 1 146,000 TECHNOLOGY POSITION 1 104,000 INFORMATION TECHNOLOGY CLERKS 3 120,674 WORK BASED LEARNING 2 178,736 VIDEO/GRAPHIC DESIGNER 1 85,503 SOCIAL WORKER 1 89,368 BUS MECHANIC 2 148,348 MAINTENANCE WORKER 4 246,692 DISPATCHER 1 48,100 BUS DRIVER - SPECIAL EDUCATION 6 204,858 ESOL COACH 1 89,368 PERSONALIZED LNG COACH 1 89,368 TOTAL NON SCHOOL 25 1,687,015 TOTAL NEW POSITIONS 237 18,943,048 OTHER ADDS STEP INCREASE COST 5,047,392 COST OF LIVING INCREASE OF 1% 3,372,985 (TENTATIVE BASED ON FINAL DIGEST) TRS INCREASE FOR EXISTING STAFF 9,753,143 INCREASE DOCTORATE STIPEND 41,136 TOTAL OTHER ADDS 18,214,656 NEW POSITIONS/TRS INCREASE 37,157,704
GENERAL FUND REVENUES INCREASE LOCAL REVENUES FY 2019 BUDGET FY 2018 BUDGET (DECREASE) AD VALOREM TAXES @ 17.3 MILLS 195,009,332 176,745,433 18,263,899 TAVT TAXES 12,000,000 11,200,000 800,000 INTANGIBLE TAXES 6,300,000 6,300,000 0 REAL ESTATE TRANSFER TAXES 1,850,000 1,850,000 0 INTEREST INCOME 550,000 125,000 425,000 PRIVATE CONTRIBUTIONS 10,000 10,000 0 OTHER LOCAL REVENUE 350,000 310,000 40,000 SURPLUS SALES 250,000 540,000 (290,000) 216,319,332 197,080,433 19,238,899 9.76% STATE AND FEDERAL REVENUES NET QBE FORMULA EARNINGS 227,676,674 207,120,980 20,555,694 OTHER STATE SOURCES 1,602,537 1,573,158 29,379 FEDERAL INDIRECT COST 50,000 50,000 0 FEDERAL FLOOD CONTROL FUNDS 300,000 300,000 0 229,629,211 209,044,138 20,585,073 9.85% TOTAL REVENUES 445,948,544 406,124,571 39,823,972 9.81% Tax Revenue Projection 2019 PROJECTED DIGEST Projected Gross Digest 13,734,835,107 Exemptions (2,173,588,226) Net Digest 11,561,246,881 Millage Rate 17.3 Gross Revenue 200,009,571 Commission 2.5% 5,000,239 FY2018 INCREASE Net Available Revenue 195,009,332 176,745,433 18,263,899 10.33% QBE Formula Earnings 2019 formula earnings (estimated) 220,776,674 Midterm earnings estimate 6,900,000 FY2018 INCREASE Net QBE 227,676,674 207,120,980 20,555,694 9.92%
MILLAGE RATE HISTORY SINCE 2000 M&O Bond Tax Year MIllage Millage 2000 15.100 1.980 2001 15.082 1.978 2002 15.500 1.978 2003 15.500 1.978 2004 15.500 1.978 2005 14.708 1.878 2006 14.708 1.878 2007 14.395 1.838 2008 15.395 1.418 2009 15.395 1.418 2010 15.395 1.418 2011 16.300 2.418 2012 16.300 2.418 2013 16.300 2.418 2014 16.300 2.418 2015 17.300 2.418 2016 17.300 2.418 2017 17.300 2.418 2018 17.300 2.418 2019 17.300 2.418
SCHOOL FOOD SERVICES INCREASE FY2019 FY2018 (DECREASE) REVENUES LOCAL 10,459,885 9,697,871 762,014 STATE 368,332 465,831 (97,499) FEDERAL 6,713,455 6,139,293 574,162 TOTAL REVENUES 17,541,672 16,302,995 1,238,677 EXPENDITURES SALARIES-CLERICAL 89,781 89,781 0 SALARIES-SFS WORKERS 5,619,327 5,329,578 289,749 SALARIES-ADMINISTRATIVE 309,973 301,784 8,189 EMPLOYEE BENEFITS 4,514,240 4,008,798 505,442 PROFESSIONAL SERVICES 100,000 5,000 95,000 REPAIRS AND MAINTENANCE 2,500 5,000 (2,500) EMPLOYEE TRAVEL 39,509 38,402 1,107 COMMODITY HAULING 48,985 30,437 18,548 SUPPLIES & MATERIALS 630,177 494,831 135,346 JANITORIAL SUPPLIES 75,721 60,719 15,002 COMPUTER SOFTWARE 50,000 30,000 20,000 EXPENDABLE EQUIPMENT 25,000 20,000 5,000 FOOD 6,665,032 6,027,939 637,093 FOOD ACQUISITIONS-USDA 1,002,645 1,027,920 (25,275) EQUIPMENT 163,416 50,000 113,416 COMPUTER EQUIPMENT 20,000 10,000 10,000 DUES AND FEES 10,000 8,920 1,080 OTHER EXPENSE 150,000 50,000 100,000 TOTAL EXPENSES 19,516,306 17,589,109 1,927,197 EXCESS REVENUES OVER (UNDER) EXPENDITURES (1,974,634) (1,286,114) (688,520) BEGINNING FUND BALANCE 7/1/2017 5,083,975 FY 2018 REVENUES OVER (UNDER) EXPENDITURES (1,286,114) Estimated YTD change. ESTIMATED ENDING FUND BALANCE 6/30/2018 3,797,861 FY 2019 REVENUES OVER (UNDER) EXPENDITURES (1,974,634) ESTIMATED ENDING FUND BALANCE 6/30/2019 1,823,227
DEBT SERVICE REVENUES ADVALOREM 27,428,020 INTANGIBLE 710,000 REAL ESTATE XFER TAX 400,000 TAVT TAX 1,000,000 TOTAL REVENUES 29,538,020 EXPENDITURES PRINCIPAL (910) 35,330,000 INTEREST (830) 19,018,625 AGENT FEES (810) 8,000 TOTAL EXPENDITURES 54,356,625 EXCESS REVENUE OVER (UNDER) EXPENSE (24,818,605) OTHER FUNDING SOURCES (USES) XFER IN FROM SPLOST 5 37,044,350 TOTAL OTHER SOURCES (USES) 37,044,350 NET CHANGE IN FUND BALANCE 12,225,745 FUND BALANCE 7/1/2018 (EST) 12,773,726 FUND BALANCE 6/30/2019 (EST) 24,999,471
CAPITAL PROJECTS REVENUES INTEREST 200,000 SPLOST TAX 38,050,475 TOTAL REVENUES 38,250,475 EXPENDITURES CAPITAL OUTLAY 50,376,654 EXCESS REVENUE OVER (UNDER) EXPENSE (12,126,179) OTHER SOURCES (USES) TRANSFERS IN 0 TRANSFERS OUT (TO DEBT SVCS) (37,044,350) TOTAL OTHER SOURCES (USES) (37,044,350) NET CHANGE IN FUND BALANCE (49,170,529) FUND BALANCE 7/1/2018 (EST) 50,376,694 FUND BALANCE 6/30/2019 (EST) 1,206,165
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