General Fund Budget Fiscal Year 2017 1 May 10, 2016 Board Meeting - - PowerPoint PPT Presentation
General Fund Budget Fiscal Year 2017 1 May 10, 2016 Board Meeting FY2017 General Fund Budget Preparation 5/10/2016 Agenda 2 Budget Preparation - Key Dates FY2017 Projected General Fund Revenue FY2017 Expenditure Budget
FY2017 General Fund Budget Preparation 5/10/2016
FY2017 General Fund Budget Preparation 5/10/2016
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Cabinet discussion of budget items and pending legislation
Financial overview at the annual Board retreat
First budget presentation to the Board
Budget work session with Board
Budget work session with Board
Administration’s budget recommendation to the Board
The Board’s tentative adoption of FY2017 budget
Budget advertised in the legal organ
Public hearing and adoption of the FY2017 General Fund Budget
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LOCAL TAX REVENUE PROJECTED COMMENT Ad Valorem Tax Revenue: Property Taxes, Motor Vehicle Taxes, Title Ad Valorem Tax (TAVT) 46,645,890 Projected increase in real property digest of 5%, overall expected increase of 4% due to 2% increase in exemptions; decrease in TAVT distribution and millage rate unchanged at 17.97. Other Taxes (RETT, Excise, Intangible) 1,400,000 Excise taxes and real estate transactions. Total Local Tax Revenue 48,045,890 53% of Total Revenue STATE REVENUE PROJECTED COMMENT Expected State funding under QBE formula based upon FTE and CPI reporting 39,202,299 Projected State revenue with estimated growth of 125 students. Decrease in QBE Austerity Reduction 1,485,775 The FY17 proposed State budget reduces austerity statewide. MCS will use these funds for certified increases estimated to cost $2.2 million. State Grants (CTAE, Preschool Handicapped Grant, Bonds for Buses) 400,000 Projection for state grants which will not be finalized until November, 2016. Total State Revenue 41,088,074 45% of Total Revenue OTHER REVENUE PROJECTED COMMENT Transfer In of Excel Funds 1,006,000 Remaining Excel funds set aside for competitive compensation increases. Tuition, Local Revenue, Earnings on Investments, and E- rate 1,265,000 Decrease in tuition revenue, with increased investment earnings; decrease in other revenue for reduction in indirect cost from Community Schools. Total Other Revenue 2,271,000 2% of Total Revenue FY2017 PROJECTED GENERAL FUND REVENUE 91,404,964
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ITEM DESCRIPTION CURRENT AMOUNT
REQUESTOR TYPE NOTES
1 Increase of 13.5 Certified Staff for Student Growth 1,118,826
McMahon Permanent Expected growth of 250 students; additional program numbers in ESOL (+3.5), EIP (+4.5), Gifted (+.5) and Other (+5).
2 Contingency Growth of 6 Certified, 2 Classified Staff 565,052
McMahon Permanent Contingency budgeted but dependent upon August enrollment numbers.
3 Office of Digital Learning 177,700
Hibbs Permanent New department to coordinate digital learning. This was approved by the BOE on 3/15/2016.
4 Offset for Office of Digital Learning (152,243)
Hibbs Permanent Offset for movement of PLC and Ext Learning supplements from GF to Charter for innovation plus 1/2 of Testing and Evaluation Director position, salary and benefits. Approved by BOE on 3/15/2016.
5 Transportation Fleet Mechanic 68,450
Hofstetter Permanent An additional mechanic in Transportation to increase total number of mechanics to four to serve 118 vehicle fleet.
6 Offset of Transportation Overtime and Repairs (23,000)
Hofstetter Permanent An additional mechanic (Item 5) will reduce current
7 Accounting Assistant Classified Position 57,696
Franklin Permanent Reinstatement of position lost in FY11 reductions; will provide administrative help in several areas in Finance (Workers Comp, Payroll, Accounts Payable/ Receivable, School Accounting).
8 Offset of Contractual Services in Finance (30,000)
Franklin Permanent Current spend for contractual services in Finance for administrative help in several areas.
TOTAL PERSONNEL GROWTH 1,782,481
Represents 35% of total increase
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ITEM DESCRIPTION CURRENT AMOUNT
REQUESTOR TYPE NOTES
9 Compensation Increase for Certified Personnel 2,205,614
McMahon Permanent An annual increase of a step plus 2.5% for certified
receive a 2.5% raise. The average raise for certified staff will be 4.1%, average raise for teachers will be 4.2%.
10 Compensation Increase For Classified Personnel 381,851
McMahon Permanent An annual increase of a step plus 2.5% for classified
receive a 2.5% raise. Off schedule employees will receive the average classified raise.
11 Special Ed Paraprofessionals
Fund portion 19,440
McMahon Permanent An increase is proposed for paraprofessionals who work in special education. Eleven parapros are funded by the General Fund. Due to the nature of their duties, they will be increased an additional 5%. Those paras in particularly difficult work situations will be compensated for an additional 1/2 hour per
plus 2.5% increase for classified.
12 Athletic Supplements 47,000
Hibbs Permanent Increase in various athletic supplements resulting from a study of supplements paid in surrounding districts; reinstatement of longevity supplement for all athletic personnel who qualify.
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ITEM DESCRIPTION CURRENT AMOUNT
REQUESTOR TYPE NOTES
13 Instructional Supplements 33,996
Hibbs Permanent Increase in some instructional supplements based upon a study of supplements offered in surrounding
create schedules in Aspen at elementary, MSGA and MMS.
14 Classified Market Adjustments 45,874
McMahon Permanent Market adjustments for selected classified positions significantly out of competitive range. These positions are not included in the step increase (Item 10).
15 Employer Portion of Classified Health 301,535
Franklin Permanent State mandated increase for classified health premiums paid by employers.
TOTAL SALARY & BENEFIT INCREASE 3,035,310
Represents 61% of total increase
16 School Nurse Contract with Cobb Douglas Public Health (CDPH) 182,868
Drum Permanent CDPH seeks to increase their school nurses by one hour each day and increase their hourly rates. Our contractual per hour cost for the school nurses is $44.02, which is less than other outside providers.
TOTAL OTHER INCREASE 182,868
Represents 4% of the proposed increase
TOTAL PROPOSED INCREASE 5,000,659
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PROPOSED BUDGET ESTIMATED REVENUES LOCAL TAXES $48,045,890 STATE QBE REVENUE 40,688,074 OTHER LOCAL REVENUE 2,271,000 STATE/FEDERAL GRANTS 400,000 TOTAL REVENUES $91,404,964 UNDESIGNATED RESERVE APPROPRIATION 3,873,312 TOTAL REVENUES $95,278,276 ESTIMATED EXPENDITURES INSTRUCTIONAL PROGRAM $63,049,294 STUDENT SUPPORT 5,213,699 IMPROVEMENT OF INSTRUCT. SERVICES 3,893,815 MEDIA SERVICES 1,558,402 GENERAL ADMINISTRATION 1,431,939 SCHOOL ADMINISTRATION 6,209,016 BUSINESS SERVICES 742,595 MAINTENANCE & OPERATIONS 6,636,084 STUDENT TRANSPORTATION 4,854,033 CENTRAL SUPPORT SERVICES 859,739 TRANSFERS TO OTHER FUNDS 829,660 TOTAL EXPENDITURES 95,278,276 $ BEGINNING UNDESIGNATED FUND BALANCE AT JULY 1, 2016 $14,913,998 ENDING UNDESIGNATED FUND BALANCE AT JUNE 30, 2017 $11,040,686 Citizens desiring to make comments concerning the fiscal year 2017 budget shall appear before the June 21, 2016 Board of Education meeting at 6:30 p.m. at Marietta Board of Education, 250 Howard Street, Marietta, Georgia for the expression of such comments. MARIETTA CITY SCHOOLS GENERAL FUND BUDGET FISCAL YEAR ENDING JUNE 30, 2017
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