Georgetown ISD Proposed Budget 2015-2016 June 2015 Major Factors - - PowerPoint PPT Presentation
Georgetown ISD Proposed Budget 2015-2016 June 2015 Major Factors in Budget Preparation Funding based on Conference Committee HB1 Enrollment growth based on Templeton Demographics 2014-2015 10,675 ADA= 10,045 2015-2016 10,825
Proposed Budget 2015-2016
June 2015
2014-2015 10,675 ADA= 10,045 2015-2016 10,825 ADA= 10,170
2014-2015 $6.973 billion 2015-2016 $7.741 billion 11% increase
Buses $667,075 Technology $101,000 Textbooks $611,000 ESE program1 $1,024,000 Net payroll reductions $1,819,000
$700,000
1Equivalent amount of revenue reduced from budget
$516,000
$152,666
$266,000
$242,700
$214,500
$167,000
$153,875
$200,000
$88,000
$85,000
$58,500
$60,000
$50,000
$47,200
$40,000
Began in 2006 when state compressed M&O tax rate from $1.50 to $1.00 State promised to make up difference between taxes lost and 2006 revenue per WADA
ASATR – Additional state aid for tax reduction
Created inverse relationship between taxes and state aid ASATR to be phased out by Sept 1, 2017
ASATR (hold harmless funding) phase out to be completed by Sept 1, 2017 Districts with high taxable value growth during phase out period may move in and out of target revenue system. GISD 2014-2015 and 2015-2016 state aid calculated under formula; no ASATR 2016-2017 state aid calculated under target revenue and receives ASATR
Level 1 $514,000/WADA for tax rate up to $1.04 Level 2 $319,500/WADA for tax rate above $1.06
2014-2015 $451,527/WADA 2015-2016 $505,041/WADA 2016-2017 $552,197/WADA
$425,808 $455,610 $441,829 $446,180 $451,527 $505,041 $552,197 $559,109 $476,500 $495,000 $514,000 $400,000 $420,000 $440,000 $460,000 $480,000 $500,000 $520,000 $540,000 $560,000 $580,000 2010-2011 2011-2012 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018
Georgetown ISD Comparison of Taxable Wealth Per WADA To Tier 1 Equalized Wealth Level
$306,149 $317,019 $356,424 $498,461 $5,524,632 $6,506,182 9,000 9,200 9,400 9,600 9,800 10,000 10,200 10,400 10,600 10,800 $65,000,000 $70,000,000 $75,000,000 $80,000,000 $85,000,000 $90,000,000 2008-09 Actual 2009-10 Actual 2010-11 Actual 2011-12 Actual 2012-13 Actual 2013-14 Actual 2014-15 Revised Budget 2015-16 Proposed Budget 2016-17 Projected Budget 2017-18 Projected Budget Average Daily Attendance (ADA) Combined Taxes and State Aid
Georgetown ISD Historical and Projected Taxes and State Aid with Recapture
Net Taxes and State Aid Recapture Payments to State Average Daily Attendance (ADA)
In Thousands
2014-15 Revised 2015-16 Proposed Inc (Dec) % Inc (Dec) Local $72,631 $78,474 $5,843 8.0% State 17,296 11,563 (5,733) (33.1%) Fed/Other 1,290 1,250 (40) (3.2%) Total 91,217 91,287 70 0.1% Less: Expenditures 90,974 91,287 313 0.3% Net Rev Over (under) Exp 243
Balance 16,232 16,475 Ending Fund Balance $16,475 $16,475
Property Taxes $70,293,213 77.1% Local Sources $2,371,925 2.6% State $13,214,969 14.5% TRS On Behalf $4,081,429 4.5% Federal $1,255,000 1.4%
2014/15 Revised Revenue $91,216,536
Property Taxes $77,249,880 84.6% Local Sources $1,259,000 1.4% State $7,587,196 8.3% TRS On Behalf $3,976,118 4.4% Federal $1,215,000 1.3%
2015/16 Estimated Revenue $91,287,194
$7,456 $7,505 $7,343 $7,196 $7,329 $7,821 $7,771 $7,400 $7,069 $6,500 $6,700 $6,900 $7,100 $7,300 $7,500 $7,700 $7,900 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18
State Aid and Local Taxes per Student
State Aid and Local Taxes per Student
Assumes HB1 funding formula through 2017-2018
0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0% 90.0% 100.0% 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16
Revenue Percentages from Local Taxes and State Aid
Taxes State Aid
Instruction & Instr.- Related Svcs. $53,429,040 58.7% Instructional & School Leadership $7,599,610 8.4% Support Services - Student (Pupil) $11,731,850 12.9% Administrative Support Services $2,974,529 3.3% Other $15,238,507 16.8%
2014/15 Revised Budget $90,973,536
Instruction & Instr.- Related Svcs. $52,199,628 57.2% Instructional & School Leadership $7,888,877 8.6% Support Services - Student (Pupil) $10,871,837 11.9% Administrative Support Services $3,262,666 3.6% Other $17,064,186 18.7%
2015/16 Estimated Budget $91,287,194
Payroll $75,769,546 83.3%
Services $7,821,508 8.6% Supplies $4,123,078 4.5% Operating Exp $1,386,039 1.5% Capital Outlay $1,873,365 2.1%
2014/15 Revised Budget $90,973,536
Payroll $74,262,689 81.4%
Services $9,440,131 10.3% Supplies $3,505,700 3.8% Operating Exp $2,149,805 2.4% Capital Outlay $1,928,869 2.1%
2015/16 Estimated Budget $91,287,194
15.80% 11.11% 14.27% 18.11% 19.41% 18.11% 18.05% 0.00% 5.00% 10.00% 15.00% 20.00% 25.00%
4,000,000 6,000,000 8,000,000 10,000,000 12,000,000 14,000,000 16,000,000 18,000,000 2009-10 Actual 2010-11 Actual 2011-12 Actual 2012-13 Actual 2013-14 Actual 2014-15 Projected 2015-16 Proposed % of Expenditures Fund Balance
Georgetown ISD General Fund Fund Balance as a Percent of Expenditures
Fund Balance Percent of Expenditures
80% - Professional 20% - Instructional Aides, Clerical, Auxillary Staff
In Thousands
2014-15 Revised 2015-16 Proposed Inc (Dec) % Inc (Dec) Local Rev/Other Sources $20,286 $22,700 $2,413 11.9% Less: Expend/Other Uses 17,078 18,728 1,651 9.7% Net Rev Over (under) Exp 3,209 3,971 763 23.8% Other Sources (179)
Balance 8,943 11,973 3,029 Ending Fund Balance $11,973 $15,944 $3,792
101.98% 83.89% 0% 20% 40% 60% 80% 100% 120% Georgetown ISD All Texas Schools % change Taxable Assessed Valuation 19.65% 3.21% 15.45% 3.28% 0% 5% 10% 15% 20% 25% % change Student Enrollment % Bond principal to TAV Georgetown ISD All Texas Schools