BUDGET & TAX RATE PUBLIC MEETING August 22, 2019 1 19-20 - - PowerPoint PPT Presentation
2019-20 BUDGET & TAX RATE PUBLIC MEETING August 22, 2019 1 19-20 BUDGET ASSUMPTIONS Current Enrollment 25,534 Projected Enrollment 25,767 +233 1% Property Value $15.1 Billion +10% Tax Rate M&O $0.99 Tax Rate Debt
August 22, 2019
1
2
Current Enrollment 25,534 Projected Enrollment 25,767 +233 1% Property Value $15.1 Billion
+10%
Tax Rate – M&O $0.99 Tax Rate – Debt Service $0.46 Total Proposed Tax Rate $1.45
($.07)
18-19 Operating Budget $229.3 Million 19-20 Operating Budget $246.9 Million 199 Cost per Student 18-19 $8,980 199 Cost per Student 19-20 $9,582
3
18-19 Students 25,534 19-20 Projected Students 25,767 Increase: + 233 1%
Elementary Growth
Middle School Growth 159
68%
High School Growth 111
48%
Total Student Growth 233 Total Elementary Students 12,120
48%
Total Middle School Students 5,956
23%
Total High School Students 7,691
29%
Total Students 25,767
4
5
6 White 23.1% Hispanic 48.7% African-American 15.3% Native American 0.2% Asian 8.0% Hawaiian/Pac Islander 0.2% Two or more 4.5%
19-20
Free/Reduced Lunch Students: 51.0%
7
Staff Raises 4%, 5%, 6.7%, 7% $10,350,000 New Positions ($2.3M Campus) $ 2,675,000 Northwest Leadership Program $ 750,000 Benefit Cost Increase $ 2,730,000 Campus Allotment Increase $ 454,000 Custodial Supplies/Equip. $ 187,000 PreK Program Funding $ 1,200,000
8
During Legislative Session, District committed to a 3% across the board raise New Money Total (If designated Fast Growth per TEA) $12,038,898 Fast Growth Allotment: $5,904,000* Early Education Allotment: $2,723,000 HB3 Requirement for Compensation Increases: 30% $ 3,611,669 PfISD Approval for Compensation Increases: 86% $10,350,000 4% Salaried Employees (OL Scale) 5% Hourly Employees (Clerical/Para/Aux Scales) HB3 Requirement for Teacher Increases: 75% of 30% $ 2,708,752 PfISD Approval for Teacher Increases: $ 7,572,000 6.7% - 1-5yr Teachers, Librarians, Nurses, Counselors +$3,450 ($51,416 X 6.7%) 7% - 6+ yr Teacher, Librarians, Nurses, Counselors +$3,600 ($51,416 X 7%) ALL experienced Teachers These raises included Teacher, RN, & Professional Support Pay Scales % Increases calculated as they have been historically for comparison purposes Based on Central Texas Area Teacher Market Average Salary Study conducted by
50% salary in order to provide a higher salary increase for teachers.
9
18-19 19-20 19-20 Amended Budget HB3-Fast Growth HB3 Estimated Revenue LOCAL TAXES - CURRENT 147,756,000 $ 154,165,000 $ 154,165,000 $ OTHER LOCAL REVENUE 3,055,000 3,750,699 3,750,699 STATE REVENUE 61,106,000 71,400,000 65,495,024 STATE ON-BEHALF 10,700,805 13,393,000 13,393,000 FEDERAL REVENUE 4,100,000 4,200,000 4,200,000 Total Revenue 226,717,805 $ 246,908,699 $ 241,003,723 $ Estimated Expenditures OPERATING BUDGETS 44,880,498 $ 38,408,699 $ 38,408,699 $ PAYROLL STAFFING PLAN 181,837,307 208,500,000 208,500,000 Total Expenditures 226,717,805 $ 246,908,699 $ 246,908,699 $ Excess (Deficiency)
(5,904,976) $ NET CHANGE IN FUND BALANCE
(5,904,976) $ PfLUGERVILLE INDEPENDENT SCHOOL DISTRICT PRELIMINARY BUDGET GENERAL FUND
10 18-19 19-20 20-21 21-22 Amended Budget Estimated Revenue LOCAL TAXES - CURRENT 147,756,000 $ 154,165,000 $ 159,156,000 $ 162,163,000 $ OTHER LOCAL REVENUE 3,055,000 3,750,699 3,750,699 3,750,699 STATE REVENUE 61,106,000 71,400,000 73,808,000 71,363,000 STATE ON-BEHALF 10,700,805 13,393,000 14,062,000 14,765,000 FEDERAL REVENUE 4,100,000 4,200,000 4,200,000 4,200,000 Total Revenue 226,717,805 $ 246,908,699 $ 254,976,699 $ 256,241,699 $ Estimated Expenditures OPERATING BUDGETS 44,880,498 $ 38,408,699 $ 38,950,000 $ 39,175,000 $ PAYROLL STAFFING PLAN 181,837,307 208,500,000 215,900,000 218,500,000 Total Expenditures 226,717,805 $ 246,908,699 $ 254,850,000 $ 257,675,000 $ Excess (Deficiency)
126,699 $ (1,433,301) $ NET CHANGE IN FUND BALANCE
126,699 $ (1,433,301) $ PfLUGERVILLE INDEPENDENT SCHOOL DISTRICT 3 YEAR PROJECTION GENERAL FUND
11
12
Object Budget 6100 - Salaries 214,898,700 $ 6200 - Contracted Services 14,301,712 6300 - Supplies/Materials 11,461,404 6400 - Fees/Dues/Travel 5,156,284 6500 - Debt Service 570,599 6600 - Capital Outlay 520,000 Total 246,908,699 $ Pflugerville ISD Operating Budget by Object 2019-20
13
59% 1% 3% 2% 6% 4% 0% 1% 4% 0% 3% 3% 9% 2% 1% 0% 0% 0% 0%
Operating Expenditures By Function 19-20
11 - Instruction 12 - Instructional Resources 13 - Curriculum and Staff Develop 21 - Instructional Leadership 23 - Campus Administration 31 - Guidance & Counseling 32 - Social Work 33 - Health Services 34 - Pupil Transportation 35 - Food Service 36 - Co-Curricular Activities 41 - General Administration 51 - Maintenance and Operations 52 - Security and Monitoring 53 - Data Processing 61 - Community Services 71 - Debt Service 95 - Payments to JJAEP's 99 - Other Intergov. Charges
14
15
16
State Compensatory Education - Programs and/or services designed to supplement the regular education program for students identified as at risk of dropping out of school. 61XX 62XX 63XX 64XX Total Program Intent Code 24 Comp Ed 1,963,756 $
16,735 $
1,980,491 $ Program Intent Code 26 PACE 527,245 1,100 18,206 4,700 551,251 Program Intent Code 29 DAEP 586,278
Program Intent Code 30 Title 1 - Schoolwide 4,072,867 14,331 103,393
Program Intent Code 34 Pre-K 3,419,481 1,100 20,000 1,200 3,441,781 Total 10,569,627 $ 16,531 $ 158,334 $ 5,900 $ 10,750,392 $
State Compensatory Education 2019-20 Pflugerville ISD
17
ORIGINAL BUDGE T AME NDE D FUNCTION BUDGE T AME NDME NTS BUDGE T E stimated Revenues
5711 - PROPERTY TAXES 147,756,000 $
949,000 $ 148,705,000 $
5700 - OTHER LOCAL REVENUE 3,055,000 $
1,205,000 $ 4,260,000 $
5800 - STATE REVENUE 65,023,000 $
(1,998,000) $ 63,025,000 $
5831 - STATE TRS ON-BEHALF 10,700,805 $
10,700,805 $
5900 - FEDERAL 4,100,000 $
100,000 $ 4,200,000 $ Total E stimated Revenue 230,634,805 $ 256,000 $ 230,890,805 $ E stimated E xpenditures
11 - Instruction 136,747,169 $
(1,638,120) $ 135,109,049 $
12 - Instructional Resources 3,419,032 $
3,419,032 $
13 - Curriculum and Staff Develop 6,931,438 $
20,000 $ 6,951,438 $
21 - Instructional Leadership 4,632,639 $
(162,000) $ 4,470,639 $
23 - Campus Administration 13,811,911 $
(400,000) $ 13,411,911 $
31 - Guidance & Counseling 9,807,202 $
(110,000) $ 9,697,202 $
32 - Social Services 930,656 $
50,000 $ 980,656 $
33 - Health Services 2,856,282 $
165,000 $ 3,021,282 $
34 - Pupil Transportation 8,812,451 $
500,000 $ 9,312,451 $
35 - Food Service 186,223 $
186,223 $
36 - Co-Curricular Activities 6,750,713 $
120,000 $ 6,870,713 $
41 - General Administration 6,260,118 $
200,000 $ 6,460,118 $
51 - Maintenance and Operations 19,329,847 $
(565,000) $ 18,764,847 $
52 - Security and Monitoring 3,771,004 $
3,771,004 $
53 - Data Processing 3,520,721 $
(14,000) $ 3,506,721 $
61 - Community Services 32,425 $
32,425 $
71 - Debt Service 570,399 $
570,399 $
95 - Payments to JJAEP's 15,695 $
15,695 $
99 - Other Intergov. Charges 920,000 $
25,000 $ 945,000 $ Total E stimated E xpenditures 229,305,925 $ (1,809,120) $ 227,496,805 $ Sources of Funds - E DP 1,500,000 $ 1,500,000 $ Uses of Funds-Capital Projects/Healthcare 3,675,000 $ Excess/(Deficiency) 2,828,880 $ 1,219,000 $
18-19 AMENDED BUDGET - GENERAL FUND
18
Current Tax Rate Proposed Tax Rate M&O: $1.06 M&O: $ .99 Debt: .46 Debt: .46 Total: $1.52 Total: $1.45
$0.07 Cent Tax Rate Decrease
Rollback Rate: $1.4500 Effective Tax Rate: $1.3427 2018 2019
Average Market Value of Residence $253,804 $265,394 Taxes Due on Average Residence $3,316 $3,377 Average Increase in Taxes $61 2019-20 Funding uses Current Values vs Prior Year Values
19
20
$1.45 Tax Rate Lowest PfISD Tax Rate in 15 Years
2011 Series Bonds $22,910,000 Interest Savings $4 Million 2014A Variable Rate Bonds Remarketed Yield Goal: 1.50% Actual Yield: 1.38% 6X Oversubscribed Current debt structure allows for future defeasance $21,500,000 Standard and Poors Rating AA+ (1 of 20)
21
22
23
Name Taxable Value % of Total Value 1. DELL INC 162,588,783 $ 1.08% 2. A-S 93 SH 130-SH 45 LP 157,433,885 1.04% 3. LOGISTICS II TECH RIDGE PORTFOLIO LLC 86,232,142 0.57% 4. SCOFIELD PARK AUSTIN LLC 64,200,000 0.43% 5. CENTENNIAL STONE HILL TWO LOP 62,900,000 0.42% 6. TX13 AUSTIN LLC 62,444,506 0.41% 7. PARMER TECH RIDGE LLC 60,815,300 0.40% 8. ORACLE CORPORATION 60,136,069 0.40% 9. SAN PALOMA APARTMENTS 100 LP 57,950,000 0.38%
57,119,350 0.38% TOTAL 831,820,035 $ 5.51% Assessed Taxable Value 15,096,367,339 $ Pflugerville ISD TOP TEN TAXPAYERS 2019
24