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 Federal Sources, $5,019,490, 6% State Sources, $20,555,915, 26% Property Taxes, $51,709,874, 65% Other Local Revenue, $2,778,206, 3%
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 Non-Capital Equipment, $424,312, 1% Termination Benefits, $5,000, 0% Capital Outlay, $238,778, 0% Other Objects, $14,780,174, 18% Supplies & Materials, $6,205,242, 7% Salaries, $39,446,446, 47% Purchased Services, $13,474,861, 16% Benefits, $8,977,728, 11%
Debt S Deb t Ser ervice • Debt Service The amount of money the School District owes on Bonds for facilities Debt Payment $14,000,000 $12,000,000 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $0 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 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 2013-14 Audited 2014-15 Audited 2015-16 Audited 2016-17 Audited 2017-18 Budget 2018-19 Budget Revenues Revenue Revenue Revenue Revenue Revenue 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 2013-14 Audited 2014-15 Audited 2015-16 Audited 2016-17 Audited 2017-18 Budget 2018-19 Budget Expenditures Expenditures Expenditures Expenditures Expenditures Expenditures 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 Physical Educational Facility Adequacy Assessment Identify the good and bad
⚫ Exterior Envelope (masonry, windows, foundations) ⚫ Roofing ⚫ Building Interiors (ceilings, walls, floors) ⚫ Site (parking lots, fencing, utilities, drainage) Code ⚫ HVAC Related ⚫ Plumbing / Fire Suppression ⚫ Electrical ⚫ Building Code (occupancies, egress, fire ratings, ADA) Life Safety Surveys
⚫ Exterior Envelope (masonry, windows, foundations) ⚫ Roofing ⚫ Building Interiors (ceilings, walls, floors) ⚫ Site (parking lots, fencing, utilities, drainage) Maintenance ⚫ HVAC Related ⚫ Plumbing / Fire Suppression ⚫ Electrical ⚫ Building Code (occupancies, egress, fire ratings, ADA) Physical Facility Assessments
Curriculum Organizational Vision Technology Related Educational Adequacy
Faci cility Sum ummary Physical Facility Life-Safety Costs Educational Adequacy Facility Assessment (2019 Estimate) (2019 Estimate) (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
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