GR GREENVI VILLE LE I INDEPENDENT S SCHOOL D DISTRICT - - PowerPoint PPT Presentation

GR GREENVI VILLE LE I INDEPENDENT S SCHOOL D DISTRICT

2010/2011 Budget Workshop – June 22, 2010

“WE E ED EDUCATE E TODAY ... YOU OU SUCCEED T TOMORR OMORROW”

Presented by: Donald Jefferies Superintendent David Carter, CPA Chief Financial Officer

AGENDA

• 2009/2010 Year in Review
• 2010/2011 Goals & Priorities
• 2010/2011 Projections
• Fund Balance, Property Values, Enrollment
• General Fund, Food Service Fund & Debt Service Fund
• Compensation Plan discussion
• Review Deferred Maintenance Plan

2009/2010 YEAR IN REVIEW

• SF

SFSF SF St Stim imulus F Funds

• Received $1.6 million in 2009-10
• Appr

proved Relo loca cating ng T Tra ravis E Ele leme ment ntary to SGC

• Better utilize facilities, staff
• Provide better & safer environment for students
• Savings estimated between $250-$300K
• Propo

posed E Ene nerg rgy P Performanc nce Cont ntra ract ct

• Estimated utility savings of $250,000
• Self-funding contract – No or low interest rates
• Approved S

Stra rategic Act ction P n Pla lans ns

2010/2011 BUDGET GOALS & PRIORITIES

• Present Board of Trustees with balanced

budget for 2010/2011

• Continue to reduce costs as far away from

classrooms/students as possible

• Continue to review staffing levels– reductions

through attrition rather than RIF

• Begin implementation of Strategic Action Plans

as approved by Board of Trustees

FOOD SERVICE FUND

Factors to Consider:

• Approved extending partnership with Chartwells
• Chartwells proposed & TDA accepted budget

projects surplus of $97,222

• Surplus is guaranteed by Chartwells
• No price increases proposed for 2010-2011
• Relocation of Travis campus will provide staff to fill

vacancies and unused equipment may be allocated within District

• Option for interest-free loan to purchase equipment

FOOD SERVICE FUND 2010/2011

2009/10 2010/11 Revised Proposed % % of Descriptions Budget Budget Variance Change Budget Local Revenue Sources 579,015 $ 477,318 $ (101,697) $

• 17.6%

19.2% State Revenue Sources 17,000 17,000

• 0.0%

0.7% Federal Revenue Sources 1,644,975 1,986,623 341,648 20.8% 80.1% Total Revenues 2,240,990 $ 2,480,941 $ 239,951 $ 10.7% 100.0% Payroll 879,639 $ 912,102 $ 32,463 $ 3.7% 38.3% Contracted Services 259,796 333,222 73,426 28.3% 14.0% Supplies 1,070,700 1,134,395 63,695 5.9% 47.6% Other Expenses 3,355 4,000 645 19.2% 0.2% Total Expenditures 2,213,490 $ 2,383,719 $ 170,229 $ 7.7% 100.0% Net Income (Loss) 27,500 $ 97,222 $ 69,722 $

DEBT SERVICE FUND

• Factors to Consider:
• Debt service requirement for 2009-10 will remain

the same for 2010-11

• Have two remaining outstanding bond issuances –

will be fully paid for in 2026

• Healthy projected fund balance at 8/31/2010 –

approximately $1.3 million (54% of expenditures)

DEBT SERVICE FUND

$- $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 2009/10 2010/11 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26

PRINCIPAL INTEREST

DEBT SERVICE FUND 2010/2011

2009/10 2010/11 Revised Proposed % % of Descriptions Budget Budget Variance Change Budget Local Revenue Sources 2,212,688 $ 2,264,064 $ 51,376 $ 2.3% 95.2% State Revenue Sources 175,000 115,000 (60,000)

• 34.3%

4.8% Federal Revenue Sources

• 0.0%

0.0% Total Revenues 2,387,688 $ 2,379,064 $ (8,624) $

• 0.4%

100.0% Principal on Long-term debt 1,375,000 $ 304,158 $ (1,070,842) $

• 77.9%

12.8% Interest on Long-term debt 1,012,688 2,074,906 1,062,218 104.9% 87.2% Debt Issuance Costs & Other Fees

• 0.0%

0.0% Total Expenditures 2,387,688 $ 2,379,064 $ (8,624) $

• 0.4%

100.0% Net Income (Loss)

• $
• $
• $

WHAT IS TARGET REVENUE?

St Stat ate Aid Aid Proper perty Taxes

Year 1 1 $4, $4,971

St Stat ate Aid Aid Proper perty Taxes

Year 2 2 $4, $4,971 In Increasing Prope perty Va Values Increas easing T Tax ax Revenues

Increasing pr proper perty v values DO N O NOT in increase t tar arget r revenue p per WAD ADA

TAR ARGET ET R REV EVEN ENUE E = CEI EILING I IS THE E FLOOR… FLOOR OOR IS THE CEILING…

TARGET REVENUE – HUNT COUNTY

Target Revenue per WADA Ratio to the Mean Variance from Greenville ISD Difference in Revenue for 5,880 WADA 116906 Lone Oak ISD 5,153 103.72% 182 $ 1,070,160 $ 116901 Caddo Mills ISD 5,105 102.75% 134 $ 787,920 $ 116902 Celeste ISD 5,024 101.12% 53 $ 311,640 $ 116905 Greenville ISD 4,971 100.06%

• $
• $

116916 Boles ISD 4,937 99.37% (34) $ (199,920) $ 116903 Commerce ISD 4,936 99.35% (35) $ (205,800) $ 116910 Campbell ISD 4,924 99.11% (47) $ (276,360) $ 116915 Bland ISD 4,896 98.55% (75) $ (441,000) $ 116908 Quinlan ISD 4,886 98.35% (85) $ (499,800) $ 116909 Wolfe City ISD 4,850 97.62% (121) $ (711,480) $ Mean 4,968 Ranking by Revenue per WADA - Using HB 3646 Funding Formula

Texas S State A Average 5, 5,438 438

GENERAL FUND – PROPERTY VALUES

907 928 979 1,043 1,136 1,208 1,408 1,393 1,515 1,505 1,501 1,508 1,523 $800 $900 $1,000 $1,100 $1,200 $1,300 $1,400 $1,500 $1,600 $1,700 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 est. 2012 est. 2013 est. 2014 est. Valu lues i in Milli llions

GENERAL FUND – DISTRICT ENROLLMENT

2001 /02 2002 /03 2003 /04 2004 /05 2005 /06 2006 /07 2007 /08 2008 /09 2009 /10 2010 /11 2011 /12 est. 2012 /13 est. 2013 /14 est. Enrollment 5239 5220 5288 5204 5255 5166 4860 4800 4900 4925 4950 4975 5000 ADA 4784 4729 4817 4825 4833 4647 4442 4387 4476 4450 4472 4494 4516 3,500 3,750 4,000 4,250 4,500 4,750 5,000 5,250 5,500

GENERAL FUND PROJECTION

• Factors to Consider:
• State budget deficit estimated at $12-20 billion

 Franchise tax is raising $4-5 billion less than what

property taxes were raising before tax rates were compressed in 2005-06

 Sales tax revenue in current biennium is $1.3 billion

less than estimates – state usually uses surplus sales tax revenue to balance next biennium’s budget

 Rainy day fund is only $9-12 billion  Education needs an add’tl $5 billion for next biennium:

• $3 billion to replace federal stimulus funds
• $2 billion to fund growth –

300,000 people and 90,000 students every year

GENERAL FUND PROJECTION

• Factors to Consider:
• No student growth – no change in state funding
• SFSF stimulus funding estimated at $1.3 million
• Relocating Travis campus to SGC campus
• Budget submissions from campuses/directors –

targeted a 5% budget reduction

• Staff reductions through evaluation and attrition
• Preliminary forecast – 4/20/2010 projected deficit

budget in 2010-11 totaling ($603,787)

GENERAL FUND 2010/2011

2009/10 2010/11 Revised Proposed % % of Descriptions Budget Budget Variance Change Budget Tax Revenues 15,519,891 $ 16,450,000 $ 930,109 $ 6.0% 50.3% Other Local Revenues 447,360 267,500 (179,860)

• 40.2%

0.8% State Revenue Sources 14,092,576 14,129,061 36,485 0.3% 43.2% TRS On-Behalf 1,692,200 1,699,000 6,800 0.4% 5.2% Federal Revenue Sources 355,000 175,000 (180,000)

• 50.7%

0.5% Total Revenues 32,107,027 $ 32,720,561 $ 613,534 $ 1.9% 100.0% Payroll 27,409,217 $ 27,950,784 $ 541,567 $ 2.0% 84.9% Contracted Services 2,878,198 2,729,364 (148,834)

• 5.2%

8.3% Supplies 1,571,799 1,286,241 (285,558)

• 18.2%

3.9% Other Expenses 640,071 761,297 121,226 18.9% 2.3% Debt Service 180,600 180,342 (258)

• 0.1%

0.5% Capital Outlays 5,500 6,500 1,000 18.2% 0.0% Total Expenditures 32,685,385 $ 32,914,528 $ 229,143 $ 0.7% 100.0% Increase (Decrease) in Fund Balance (578,358) $ (193,967) $ 384,391 $

GENERAL FUND 2010/2011

GENERAL FUND

• Reductions taken in budget process:
• Relocated Travis to SGC – est. savings $250-300K
• Targeted 5% decrease in campus/directors budgets

– est. savings $175-250K

• Re-aligned central office & transportation staff

– est. savings $75-100K

• Reduced coaching & other positions @ GHS,GMS,SGC

– est. savings $300-350K

• Total Reductions taken – approx. $900,000

GENERAL FUND

• Additional possible budget reductions:
• Reduce amount of buses purchased or delay

entering in contract to purchase buses – est. savings $50-150K

• Impact – Pressure on M&O fund due to increased cost of

repairing and maintaining older buses and possibility of increased breakdowns on bus routes which has an adverse affect of GISD image.

• Reduce campus aide positions where available

– est. savings $50-100K

• Impact – Decreased individualized time spent with

students.

GENERAL FUND

• Additional possible budget reductions:
• Consolidate Librarian positions into teaching

positions – est. savings $200-400K

• Impact – Loss of support and instruction in school
• libraries. Places additional demand on teachers and

support staff.

COMPENSATION & BENEFITS PLAN

• 2009/10 Review:
• Mandated step raise for teachers - $800 minimum
• Starting teacher’s salary $37,720
• TRS insurance increased 4.5%
• 2010/11 Factors to consider:
• TRS insurance increasing approximately 7%
• District monthly contribution will be

$289.34/month

• Proposed 3% increase for Administrators

TEACHER SALARIES – BY DISTRICT

Rockwall ISD $45,750.00 11,052.36 $ $8,030.00 Royse City ISD $41,000.00 6,302.36 $ $3,280.00 Greenville ISD $37,720.00 3,022.36 $ $0.00 Commerce ISD $36,800.00 2,102.36 $ ($920.00) Quinlan ISD $35,424.00 726.36 $ ($2,296.00) Caddo Mills ISD $35,000.00 302.36 $ ($2,720.00) Wolfe City ISD $30,770.00 (3,927.64) $ ($6,950.00) Bland ISD $30,320.00 (4,377.64) $ ($7,400.00) Boles ISD $30,320.00 (4,377.64) $ ($7,400.00) Lone Oak ISD $30,000.00 (4,697.64) $ ($7,720.00) Campbell ISD $28,570.00 (6,127.64) $ ($9,150.00) Mean $34,697.64 District Average Starting Teacher's Salary Ratio to Mean Variance to GISD

MONTHLY CONTRIBUTION – BY DISTRICT

Greenville ISD $289.34 34.80 $

• $

Rockwall ISD $262.00 7.46 $ 27.34 $ McKinney ISD $260.00 5.46 $ 29.34 $ Royse City ISD $254.00 (0.54) $ 35.34 $ Commerce ISD $250.00 (4.54) $ 39.34 $ Terrell ISD $248.00 (6.54) $ 41.34 $ Caddo Mills ISD $248.00 (6.54) $ 41.34 $ Kaufman ISD $225.00 (29.54) $ 64.34 $ Mean $254.54 District Monthly Contribution Ratio to Mean Variance to GISD

COMPENSATION & BENEFITS PLAN

2008-09 Rates 2009-10 Rates 2010-11 Rates Increase

• ver

09-10 2-Year Increase # of GISD Employees ActiveCare 1 $266 $278 $297 $19 $31 47 ActiveCare 1 -HD n/a $245 $262 $17 $17 5 ActiveCare 2 $354 $370 $396 $26 $42 481 ActiveCare 3 $477 $498 $533 $35 $56 12

TRS ActiveCare Rate Summary (Employee Only)

Increase in Employee’s portion for TRS ActiveCare 2 – Employee Only totals approximately $13 per paycheck

COMPENSATION & BENEFITS PLAN

71,400 $ 2,164 $ 33 9.29% 8.93% 14.01%

Proposed 3% Administrative Raise

Total Proposed Cost Average Salary Increase Total # of Eligible Administrators District Standard (ADA 1,000 to 4,999) Administrative Cost Ratio w/raise Administrative Cost Ratio w/o raise

DEFERRED MAINTENANCE PLAN

QUESTIONS