Finance, Facilities and Technology Crete-Monee School District 201-U - - PowerPoint PPT Presentation

Finance, Facilities and Technology

Crete-Monee School District 201-U

Finance

Crete-Monee School District 201-U

Fi Financial P Principles es an and Guidel elines es

• Fund Accounting

All money must be assigned to one or more funds

• Educational: For instructional-related items
• Operations & Maintenance: Building & Grounds
• Debt Service: Payment of Debt
• Transportation: Busing
• Municipal Retirement/Social Security: District share of required payments
• Capital Projects: Large, non-recurring projects
• Working Cash: Used to provide a cash-cushion
• Tort Immunity and Judgement: Liability insurance and judgements
• Fire Prevention and Safety: Code required building projects
• Tax-Capped (Property Tax Extension Limitation Law: PTELL)

Controls property tax increases. Limited to 5% or CPI, which is less

Fi Financial P Principles es an and Guidel elines es

• Revenue from the State of Illinois
• Evidence-Based Funding Formula

Analyzes 27 data points to determine the funding level for a proto-typical school. Creates an Adequacy Target for each School District and ranks them in 4 tiers to determine funding. Crete-Monee School District 201-U: 63% Adequacy Target

• Categorical: Must be used for a specific purpose

Transportation, Special Education

• Non-Categorical: May be used for any expense

General State Aid

• Revenue from the Federal Government
• Title I
• National School Lunch Program

Reven enue

• Revenue

Money received by the School District from various sources to pay expenditures

Property Taxes, $51,709,874, 65% Other Local Revenue, $2,778,206, 3% State Sources, $20,555,915, 26% Federal Sources, $5,019,490, 6%

Fi Financial P Principles es an and Guidel elines es

• Expenditures
• Salaries
• Benefits
• Purchased Services
• Materials & Supplies
• Capital Outlay
• Other Objects
• Non-Capital Equipment
• Termination Benefits

Expen enditures es

• Expenditure

Funds used to attain an item, assets or services of the School District

Salaries, $39,446,446, 47% Benefits, $8,977,728, 11% Purchased Services, $13,474,861, 16% Supplies & Materials, $6,205,242, 7% Capital Outlay, $238,778, 0% Other Objects, $14,780,174, 18% Non-Capital Equipment, $424,312, 1% Termination Benefits, $5,000, 0%

Deb Debt S t Ser ervice

• Debt Service

The amount of money the School District owes on Bonds for facilities

$0 $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 $14,000,000 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034

Debt Payment

Debt Payment

Crete-Monee School District 201U Historical Financial Summary

Fund Balance as of July 1: $ 41,031,736 $ 36,169,911 $ 33,968,691 $ 41,424,361 $ 35,041,707 $ 35,696,853

Revenues 2013-14 Audited Revenue 2014-15 Audited Revenue 2015-16 Audited Revenue 2016-17 Audited Revenue 2017-18 Budget Revenue 2018-19 Budget Revenue

Property Taxes $ 46,092,003 $ 47,321,969 $ 47,106,058 $ 47,035,558 $ 50,138,733 $ 51,709,874 Other Local Revenue $ 2,492,408 $ 2,568,528 $ 2,610,279 $ 2,439,359 $ 2,908,308 $ 2,778,206 Revenue from State Sources $ 15,265,192 $ 16,998,069 $ 16,314,605 $ 20,772,669 $ 21,720,969 $ 20,555,915 Revenue from Federal Sources $ 4,307,967 $ 4,320,013 $ 4,622,345 $ 4,672,336 $ 4,918,352 $ 5,019,490 $ 68,157,570 $ 71,208,579 $ 70,653,287 $ 74,919,922 $ 79,686,362 $ 80,063,485

Expenditures 2013-14 Audited Expenditures 2014-15 Audited Expenditures 2015-16 Audited Expenditures 2016-17 Audited Expenditures 2017-18 Budget Expenditures 2018-19 Budget Expenditures

Salaries $ 33,282,261 $ 33,385,511 $ 32,155,986 $ 34,685,619 $ 36,702,358 $ 29,446,445 Benefits $ 9,259,746 $ 9,586,293 $ 10,754,804 $ 9,295,992 $ 8,310,717 $ 8,977,728 Purchased Services $ 8,717,864 $ 9,195,385 $ 8,968,832 $ 9,512,689 $ 11,089,361 $ 11,463,361 Supplies & Materials $ 4,564,036 $ 4,153,386 $ 4,009,806 $ 4,621,724 $ 5,782,541 $ 6,205,242 Capital Outlay $ 830,875 $ 1,286,878 $ 7,733,180 $ 8,198,818 $ 847,312 $ 238,778 Other Objects $ 15,505,483 $ 15,587,838 $ 16,284,487 $ 14,847,123 $ 14,659,672 $ 14,780,174 Non-Capitalized Equipment $ 859,132 $ 213,053 $ 103,373 $ 376,247 $ 1,618,255 $ 424,312 Termination Benefits $ - $ 1,455 $ 36,685 $ 43,644 $ 21,0000 $ 5,000 $ 73,019,397 $ 73,409,799 $ 80,047,153 $ 81,581,856 $ 79,031,216 $ 81,541,040

Excess/(Deficit): $ (4,861,827) $ (2,201,220) $ (9,393,866) $ (6,661,934) $ 655,416 $ (1,477,555) Capital Outlay: $ 830,875 $ 1,286,878 $ 7,733,180 $ 8,198,818

Fund Balance as of June 30: $ 36,169,911 $ 33,968,691 $ 41,424,361 $ 35,041,707 $ 35,696,853 $ 34,219,298

Facilities

Crete-Monee School District 201-U

Life Safety Surveys Educational Adequacy Physical Facility Assessment

Identify the good and bad

⚫ Exterior Envelope

(masonry, windows, foundations)

⚫ Roofing ⚫ Building Interiors

(ceilings, walls, floors)

⚫ Site

(parking lots, fencing, utilities, drainage)

⚫ HVAC ⚫ Plumbing / Fire Suppression ⚫ Electrical ⚫ Building Code

(occupancies, egress, fire ratings, ADA)

Life Safety Surveys

Code Related

⚫ Exterior Envelope

(masonry, windows, foundations)

⚫ Roofing ⚫ Building Interiors

(ceilings, walls, floors)

⚫ Site

(parking lots, fencing, utilities, drainage)

⚫ HVAC ⚫ Plumbing / Fire Suppression ⚫ Electrical ⚫ Building Code

(occupancies, egress, fire ratings, ADA)

Physical Facility Assessments

Maintenance Related

Educational Adequacy

Curriculum Organizational Vision Technology Related

Faci cility Sum ummary

Facility Life-Safety Costs (2019 Estimate) Physical Facility Assessment (2019 Estimate) Educational Adequacy (2019 Estimate)

Balmoral Elementary School $200,000 $8,600,000 $0 $8,800,000 Coretta Scott King Magnet School $1,200,000 $6,200,000 $0 $7,400,000 Crete Elementary School $4,000,000 $8,100,000 $0 $12,100,000 Early Learning Center/Administrative $2,600,000 $5,400,000 $0 $8,000,000 Monee Education Center $600,000 $2,900,000 $0 $3,500,000 Monee Elementary School $6,000 $50,000 $0 $56,000 Talala Elementary School $1,400,000 $4,900,000 $0 $6,300,000 Crete-Monee Middle School $100,000 $3,200,000 $0 $3,300,000 Crete-Monee High School $30,000 $150,000 $0 $180,000 Sixth Grade Center $3,000,000 $29,200,000 $0 $32,200,000 The Dome $0 $9,300,000 $0 $9,300,000 $13,136,000 $78,000,000 $0 $91,136,000

Technology

Crete-Monee School District 201-U

Tec echnology gy

• Investment in Infrastructure
• Upgrading of Access Points
• Technology in the Organization
• Paperless Processes
• Technology in the Classroom
• 1:1 Environment
• Elementary Schools
• Middle School & High School

Questions