Boar oard Budget Presentat ation on an and Millag age R Rat - - PowerPoint PPT Presentation

Boar

• ard

Budget Presentat ation

• n an

and Millag age R Rat ate FY 201 9

Larry Hammel, C hief Financial O fficer

★ C

• nstruction of a balanced budget – No deficit in FY

19. ★ Conserved mid- year adjustment funding (Est.- $1,000,000) ★ Reduced operational budgets by 5% or $1,600,000. ★ Instructional coach for every school in the district. ★ L everaging outdated technology to assist in closing the deficit.

G ui uiding ng Princ nciple: Bud udget S up upports the he S trategic Plan

★ Zero- Based Budgeting ★ L ine item justification of each division and school budgets (CFO- led) ★ Detailed review by A dministrative Team, Departments and Schools Budgets m s must st al align t to

• the s

strat ategic p plan an an and ref eflec ect a an inv nvestment nt in o n our students.

Budget et Dev evel elopment Process

★Local Tax Digest ○ Projected growth 5.00% ○ Projected L

• cal Tax Revenue of $77.92 million

★State Revenue(QBE) ○ Projected increase $3.4 million ○ Projected QBE funds $69.2 million ★Other ○ Total STEP salary increase cost $1.5 million ○ Teacher Retirement System increase cost $3.0 million ○ The increase represents the TRS contribution from the district on be- half of employees from 16.81% (FY 2018)to 20.90% (FY 2019. ○ The total budget for FY 2019 is $150.1 million

■ Increase of $4.5 million over last years budget

\

Ten entative e budget et includes:

★The Millage R ate for FY201 9 will remain at 20 mills

○This rate will generate approximately $77.92 million

Ten entative e Millage e Rate

O verall Rev even enue Projection

FY2017 FY2018 FY2019 Budget Budget Budget Property Ad Valorem Taxes (Current) 68,899,871 72,275,965 77,179,889 (5.00% Tax Growth) Property Ad Valorem Taxes (PY) 775,000 600,000 738,195 Other Real Estate Taxes 1,000,000 1,100,000 1,100,000 Other Taxes Title Ad Valorem Tax 900,000 850,000 750,000 Transportation Fees 500,000 400,000 400,000 Investment Income 100,000 200,000 300,000 Indirect Cost Reimb 175,000 175,000 175,000 Facility Rentals 7,500 7,500 10,000 Other Local Revenue 100,000 150,000 270,000 QBE(Includes Charter) 62,572,957 65,802,821 69,184,283 QBE Mid term 1,250,000 Other Sources 30,000 40,000 40,000 Medicaid 275,000 135,335,328 142,851,286 150,147,367 Increase in Budget Revenue 7,296,081

Breakdow

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en eneral Fund Rev even enue e Budget et

Ad Valorem Tax 52.2% Other R/E Taxes 0.7% Title Ad Valorem Tax 0.5% State 45.8% Federal 0.1% Local 0.7%

FY2019

Revenue Type FY2019 Ad Valorem Tax 77,918,084 Other R/E Taxes 1,100,000 Title Ad Valorem Tax 750,000 State 69,184,283 Federal 215,000 Local 980,000 Total 150,147,367

Prop

• perty Ad Val

alor

• rem Tax

ax Infor

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ation

• n

3,231,667 3,283,375 3,350,369 3,483,744 3,612,793 3,858,994 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019

Value of One Mill

Value of One Mill

58,000,000 60,000,000 62,000,000 64,000,000 66,000,000 68,000,000 70,000,000 72,000,000 74,000,000 76,000,000 78,000,000 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019

Ad Valorem Tax

Ad Valorem Tax

Q BE A Austerity

(8,032,580) (5,570,557) (3,466,250) (1,271,150) (1,282,886) FY2014 FY2015 FY2016 FY2017 FY2018 FY2019

Austerity

Austerity

Five e Yea ear T Tax D Digest

School Digest Tax Year Tax Year Tax Year Tax Year Tax Year Budget And Levy 2013 2014 2015 2016 2017 2018 (Thousands) (FY2014) (FY2015) (FY2016) (FY2017) (FY2018) (FY2019) Real & Personal 3,380,922 3,482,607 3,600,176 3,772,214 3,975,174 4,220,188 Public Utility 83,638 89,750 89,708 89,712 84,704 84,383 Motor Vehicles 176,597 146,025 106,434 78,704 57,786 42,765 Mobile Homes 6,096 5,637 5,277 5,026 5,037 5,082 Timber - 100%

• 132

94

• 155

87 Heavy Equipment

• 15

40 52 60 38 Gross M&O Digest 3,647,253 3,724,166 3,801,729 3,945,708 4,122,916 4,352,543 M&O Exemptions (332,232) (349,589) (368,098) (395,005) (390,655) (442,042) Net M&O Digest 3,315,021 3,374,577 3,433,631 3,550,703 3,732,261 3,910,501 M&O Millage 20.00 20.00 20.00 20.00 20.00 20.00 Taxes Levied 66,300 67,492 68,673 71,014 74,645 78,210 Taxes $ Inc. (Dec.) 198 1,191 1,181 2,341 3,631 3,565 Taxes % Inc. (Dec.) 0.30% 1.80% 1.75% 3.41% 5.11% 4.78%

Q BE Funds to Actual Reven enue e Bu Budget

45,000,000 55,000,000 65,000,000 75,000,000 85,000,000 95,000,000 105,000,000 115,000,000 125,000,000 135,000,000 145,000,000 155,000,000 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 QBE Revenue Actual Budget

Q BE Tran anspor

• rtat

ation

• n funds t

to

• Budgeted

1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 7,000,000 8,000,000 FY2017 FY2018 FY2019

Transportation

QBE Funds Budgeted Salaries and Benefits

★ Earned $267k for Nursing and budgeted $1.23m

★ Earned $1.06m for Transportation and budgeted $8.69m, (covers outside 1 ½ mile radius) ★ Earned 938.76 Teaching positions for FY 2017 and budgeted 1008 teachers and 182 Parapros ★ Budgeted 117 Special (A rt, Music, PE/ Health, Electives) teachers that are not earned by QBE ★ Earned vs budgeted of 69 teachers and 182 parapros cost the system about $11.7m. ★ Earned 5.17 Social workers and budgeted 9.5 ★ Earned 5.17 School Psychologists and budgeted 9.0 ★Earned 23.71 Counselors and budgeted 30

Q BE to

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eneral Fund C

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• mparison
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★Q BE Base school size needed for full funding:

○ System Size – 3300 FTE ○ Elementary School - 450 FTE (Six schools do not meet)

○ A lps – 355 FTE ○ Cleveland – 273 FTE ○ Fowler – 439 FTE ○ G aines – 434 FTE ○ HBS – 352 FTE ○ Winterville – 425 FTE

○ Middle School – 624 FTE ○ High School – 970 FTE

Q BE to

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eneral Fund C

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• mparison
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Fiscal Yea ear Rev even enue e Table

FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 Revenue 117,959,712 121,803,310 127,126,303 135,335,328 142,851,286 150,147,367 60,000,000 70,000,000 80,000,000 90,000,000 100,000,000 110,000,000 120,000,000 130,000,000 140,000,000 150,000,000 160,000,000

Revenue

O verall Expen enditure Projection

Budget Descriptions FY2019 Salaries and Benefits & Step Increase Certified 98,309,599 Classified 27,779,404 Athletic Supplements and Benefits 685,174 Substitutes 561,300 Operating Budget 22,387,623 ROTC Matching Funds 424,267 Total Budget Expenditures 150,147,367

★2015 - $125 million (No Salary increase, No furloughs, Step increase, L

• ngevity supplement, 0.87% TRS increase)

★2016 - $130 million (No Salary increase, Step increase, 1.12% TRS increase, L

• ngevity Supplement, Increase in high school and special

education positions) ★2017 - $138 million (3% Salary increase, Step increase, No TRS increase, Classified health care increase, Standardize rate for bus drivers) ★2018 - $146 million (2% Salary increase, 2.54% TRS increase, Step increase, Classified health care increase) ★2019 - $150 million (No salary increase, Step Increase, 4.09% TRS increase)

O perating Budget History

Expenditures s C

• mpariso

son

Description FY2017 FY2018 FY2019 Instruction 91,992,534 96,913,211 100,668,163 Pupil Services 3,754,655 4,034,821 4,374,308 Staff Services 5,149,961 5,703,529 5,937,196 General Administration 5,580,807 5,556,828 5,540,307 School Administration 8,280,366 8,786,782 9,102,908 Transportation 8,957,239 9,229,328 8,808,914 Maintenance and Operations 15,353,367 15,395,649 15,291,304 Subtotal Instructional Expentirures 139,068,929 145,620,148 149,723,100 School Nutrition 2,058 Other Outlay (ROTC Matching Funds) 350,000 378,280 434,267 Total Expenditures 139,420,987 145,998,428 150,157,367

★87.33% personnel; 12.67% operational

Breakdow

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enditure e Budget et

Instruction 74% Maintenance and Operations 10% Transportation 6% School Admin. 6% Non-School Admin. 4%

FY2019 Budget

Description FY2019 Instruction 100,668,163.00 Pupil Services 4,374,308.00 Improvement of Instructional Services 3,804,431.00 Media Center (Services) 2,132,765.00 Other Support Services 134,603.00 Other Outlay 424,267.00 Instruction Total 111,538,537.00 Maintenance and Operations 15,291,304.00 Transportation 8,808,914.00 School Administration 9,102,908.00 General Administration 1,338,969.00 Business Services 1,379,003.00 Central Support Services 2,687,732.00 Non- School Administration Total 5,405,704.00 Total Budget 150,147,367.00

Fiscal Yea ear Expenditures es Table

FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 Expenditures 120,360,835 124,784,280 130,198,964 139,420,987 145,998,428 150,147,367 100,000,000 110,000,000 120,000,000 130,000,000 140,000,000 150,000,000 160,000,000

Expenditures

Fiscal al Y Year ar Rev. to E

• Exp. T

Tab able

FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 Revenue 117,959,712 121,803,310 127,126,303 135,335,328 142,851,286 150,147,367 Expenditures 120,360,835 124,784,280 130,198,964 139,420,987 145,998,428 150,147,367 100,000,000 110,000,000 120,000,000 130,000,000 140,000,000 150,000,000 160,000,000

FY1 7 Federal & S tate e G rants

Program Type Expenditures Title I Cluster Federal 6,060,599.43 Title II Cluster Federal 690,781.62 Title III Cluster Federal 158,798.93 Stiving Readers Cluster Federal 3,418,532.54 Title IV-B 21st Century Federal 913,546.10 Special Education Cluster Federal 2,854,765.65

• Jr. ROTC

Federal 580,134.14 Head Start/ Early Head Start Federal 3,314,569.62 CTAE Federal 138,044.89 Treatment of Substance Abuse Federal 101,539.15 Child Care and Child Abuse Prevention Grant Federal 253,743.09 Homeless Education Federal 45,042.77 Math and Science Supplement State 131,869.96 Innovation Grants from GOSA State 104,150.12 Residential & Reintegration Services State 96,128.00 Pre-School Handicapped State Grant State 297,015.00 CTAE State 82,703.52 Alcohol Use and Abuse Prevention State 47,233.80 Family Connection State 47,000.00 Bright from the Start (PreK lottery) State 3,346,053.41 Total Federal and State Expenditures for FY2017 22,682,251.74

Fed eder eral & S tate e G rants

Federal 73%(197.7) State 27% (74.9)

FY17 Positions Funded

Fed eder eral & S tate e G rants

Federal 82% ($18.53m) State 18% ($4.15m)

FY17 Expenditures

G en eneral, Fed eder eral an and S tate

★G eneral Fund is FY 2019 Budget ★Federal and State G rants Funds are based on FY 2017 Expenditures ★Federal and State G rants Funds do not change significantly between FY

11% 2% 87%

Percentage of Budget

Federal State General Fund

Type Total Spend Per Year Federal 18,530,097.93 State 4,152,153.81 General Fund 150,147,367.00 Total 172,829,618.74

★FY201 4 to FY201 7 Actual ★FY 2018 Based on Cash Flow A nalysis ★FY 2019 ???

Fund Bal alan ance

25,500,000 25,750,000 26,000,000 26,250,000 26,500,000 26,750,000 27,000,000 27,250,000 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019

Fund Balance

Fund Balance

★R evenue projected at $1 50.1 million ★Expenditures proposed of $150.1 million ★Based on revenue projections and proposed expenditures the FY 2019 budget will be balanced.

○ Reflects 5% reduction in each department’s operating budgets

★How CCSD got here? ○ Increase in TRS employer contributions from 16.81% to 20.90%. ○ Step Increase to Certified and Classified Salaries ○ QBE austerity cut of $1.3 million was funded in State FY 2019 budget for CCSD.

Rec ecap Ten entative e Budget

Ten entative e Budget ets Published

Special Capital Debt Enterprise General Fund Revenue Funds Project Funds Service Fund Fund Estimated Revenues: Local taxes $ 79,190,191.00 $ - $ 24,240,000.00 $ - $ - State Sources 69,179,246.00 3,765,855.00

• Federal sources

40,000.00 19,459,770.00

• 10,000,500.00

Other sources 1,155,000.00 191,793.00

• Total Estimated Revenues

$ 149,564,437.00 $ 23,417,418.00 $ 24,240,000.00 $ - $ 10,000,500.00 Estimated Expenditures: Instruction $ 100,230,661.00 $ 12,814,156.00 $ - $ - $ - Pupil Services 4,338,196.00 3,377,786.00

• Improvement of Instruction

3,760,997.00 5,635,793.00

• Educational Media

2,132,765.00

• Federal Grant Adminstration
• 1,030,587.00

General Administration 1,338,969.00 578,880.00

• School Administration

9,003,860.00

• Business Services

1,360,635.00 18,471.00

• Maintenance and Operation of Plant

15,229,658.00 12,811.00

• Student Transportation

8,738,282.00 419,429.00

• Central Support Services

2,913,897.00 7,159.00

• School & Community
• Nutrition
• 1,250.00
• 9,783,165.00

Facilities Acquisition

• 47,000,000.00
• and Construction

Other Support Services 134,603.00 85,287.00

• Debt Services
• 13,587,400.00
• Total Expenditures

$ 149,182,523.00 $ 23,981,609.00 $ 47,000,000.00 $ 13,587,400.00 $ 9,783,165.00 Excess of Revenue Over (Under) Expenditures 381,914.00 (564,191.00) (22,760,000.00) (13,587,400.00) 217,335.00 Estimated Other Finance Sources(Uses): Transfer Out $ (365,750.00) $ - $ (13,587,400.00) $ - $ - Transfer In

• 378,280.00
• 13,587,400.00
• Total Other Finance Sources(Uses)

$ (365,750.00) $ 378,280.00 $ (13,587,400.00) $ 13,587,400.00 $ - Net Changed in Fund Balance 16,164.00 (185,911.00) (36,347,400.00)

• 217,335.00

Estimated Fund Balance July 1 27,154,500.00 226,416.00 66,000,000.00

• 2,789,799.00

Estimated Fund Balance June 30 $ 27,170,664.00 $ 40,505.00 $ 29,652,600.00 $ - $ 3,007,134.00

★Present the tentative budget – A pril 05, 2018 ★Present the tentative millage rate – A pril 05, 2018 ★Three public budget hearings – May 8, 15 and 23, 2018 (5:30 p.m.) ★A pprove the final budget – June 7, 2018 ★A pprove the final millage rate – June 7, 2018

Future e Dates es