PROPOSED BUDGET Preston County Board of Education For the Fiscal - - PowerPoint PPT Presentation
PROPOSED BUDGET Preston County Board of Education For the Fiscal Year Ending: June 30, 2017 Organization Preston County Board of Education Robert McCrum George Keim, Jr. Kathy McNeil Ann Rob Dr. Clarissa Estep Member Member President
Preston County Board of Education
For the Fiscal Year Ending: June 30, 2017
Preston County Board of Education
George Keim, Jr. Member Term Expires: June 30, 2018 Robert McCrum Member Term Expires: June 30, 2018 Kathy McNeil President Term Expires: June 30, 2016 Ann Rob Member Term Expires: June 30, 2016
Member Term Expires: June 30, 2018
Stephen L. Wotring Superintendent Katrina Kerstetter Chief School Business Official & Treasurer Craig Schmidl Assistant Superintendent & Personnel
■ Each County Board of Education must prepare a proposed budget for the succeeding fiscal year for each fund that the agency intends to maintain during the year and submit it to the State Board of Education for approval. ■ County Boards of Education must hold a public hearing on the proposed budget before the proposed budget document is submitted to the State Board for approval. ■ The proposed budget must be made available for public inspection at least 10 days prior to the hearing and must be published as a class II-O legal advertisement.
■ General Current Expense Fund (11):
– The general current expense fund is used as the general
except those that are required to be accounted for in another fund are accounted for in this fund.
General Current Expense Fund
ACCOUNT TITLE PROPOSED REVENUE TOTAL TAXES 7,503,524 Real/Personal Property - Regular Levy 7,503,524 LOCAL SOURCES 110,374 Interest 10,000 Reimbursements 44,884 QZAB Credit 36,000 Miscellaneous 19,490 STATE SOURCES 27,237,577 Basic State Aid 18,514,773 Retirement Allocation 1,776,154 Retirement - Unfunded Liability Allocation 3,032,710 PEIA Allocation 3,913,940 FEDERAL SOURCES 5,500 National Forest Land 5,500 INTERFUND TRANSFERS 45,223 Indirect Costs from Special Projects 45,223 BEGINNING BALANCE 1,000,000 Estimated Beginning Balance 1,000,000 TOTAL REVENUE $ 35,902,198
General Current Expense Fund
Real/Personal Property - Regular Levy, 20.90% Interest, 0.03% Reimbursements, 0.13% QZAB Credit , 0.10% Miscellaneous, 0.05% Basic State Aid, 51.57% Retirement Allocation, 4.95% Retirement - Unfunded Liability Allocation, 8.45% PEIA Allocation, 10.90% National Forest Land , 0.02% Indirect Costs from Special Projects, 0.13% Estimated Beginning Balance, 2.79%
General Current Expense Fund (by Function Code)
CATEGORY PROPOSED EXPENDITURES % of BUDGET Instruction 22,886,857 63.75% Supporting Services: Student 1,234,076 3.44% Instructional Staff 396,507 1.10% Central Administration 847,422 2.36% School Administration 1,859,624 5.18% Central Services 279,161 0.78% Operation and Maintenance of Facilities 3,681,394 10.25% Student Transportation 3,677,592 10.24% Capital Outlay 11,673 0.03% Debt Service: Prinicpal Retirement 374,646 1.04% Interest and Fiscal Charges 85,891 0.24% Transfers 426,271 1.19% Reserves 141,084 0.39% Total $ 35,902,198 100%
General Current Expense Fund (by Function Code)
■ Terms: ms: – Instru tructi ction
– Support t Servi vices es:
■ Students: Attendance, social work, guidance, health services, psychologists, speech, occupational and physical therapy, and other pupil services. ■ Instructional Staff: Curriculum and instruction services, media library, professional staff development, technology. ■ Central Administration: Board expenses, superintendent’s office, assistant superintendent’s office, auditing, legal services, community relations, liability insurance, official bonds. ■ School Administration: Principal’s Office. ■ Central Services: Business office, printing/publishing, human resources, service staff development, employee assistance program. ■ Operation and Maintenance of Facilities: Maintenance, custodial, property insurance, telephone, natural gas, electric, garbage disposal, rental of buildings. ■ Student Transportation: Bus drivers, mechanics, fuel, parts, vehicle insurance.
– Communi nity Servi vice ces: 4-H, public library allocation, pre-k collaborative. – Debt Servi vice: QZAB, Lease Purchase. – Transf sfer ers: Indirect Costs, Child Nutrition Program. – Reserves: For contingencies.
General Current Expense Fund (by Function Code)
Instruction, 63.75% Student, 3.44% Instructional Staff, 1.10% Central Administration, 2.36% School Administration, 5.18% Central Services, 0.78% Operation and Maintenance
Student Transportation, 10.24% Capital Outlay, 0.03% Prinicpal Retirement, 1.04% Interest and Fiscal Charges, 0.24% Transfers, 1.19% Reserves , 0.39%
General Current Expense Fund (by Object Code)
OBJECT PROPOSED EXPENDITURES % of BUDGET Salaries 20,929,574 58.30% Employee Benefits and Fixed Costs 10,356,444 28.85% Professional and Technical Services 477,008 1.33% Purchased Property Services 358,079 1.00% Other Purchased Services 506,317 1.41% Supplies 2,208,408 6.15% Equipment
Other 640,097 1.78% Transfers 426,271 1.19% Total $ 35,902,198 100%
General Current Expense Fund (by Object Code)
■ Term rms:
– Salari ries: All professional and service salaries including substitutes – Benefits ts: FICA, retirement, workers compensation insurance, health and life insurance (PEIA), dental/optical insurance, long-term disability insurance. – Pro rofess ssional nal and Tech chnical al Servi vices es: Professional educator services, staff development, other professional services (legal, audit, architects), technical services. – Purch chase se Pro roperty ty Servi vice ces: Water/sewage, garbage disposal, snow removal, repair services, rentals. – Other Purch chased d Servic vices es: In-lieu of transportation, property and liability insurance, postage, telephone, internet, legal ads, printing/binding, travel. – Supplies: Instructional, custodial, maintenance, natural gas, electric, food, books, periodicals, software, fuel. – Equipme ment nt: Vehicles, furniture, machinery, technology related hardware. – Other: Dues and fees, debt service, reserves. – Transf sfer ers: Indirect Costs, Child Nutrition Program
General Current Expense Fund (by Object Code)
Salaries, 58.30% Employee Benefits and Fixed Costs, 28.85% Professional and Technical Services, 1.33% Purchased Property Services, 1.00% Other Purchased Services, 1.41% Supplies, 6.15% Other, 1.78% Transfers, 1.19%
Revenue (County & Medicaid) 34,902,198.00 Match WVEIS (009) Personnel (County) (27,201,110.00) Match WVEIS (89-299) before Supplements Personnel (Medicaid)
Overtime (89,500.00) Substitutes (545,134.00) Bus Shuttles & Electricity (34,200.00) Board Members (21,600.00) Supplemental (3,500.00) PHS Student Workers (3,000.00) Coaches (64,500.00) Supplemental Fixed Charges (68,034.00) ACA Insurance Benefits (9,000.00) Retiree Premiums (Obj. 215) (188,730.00) Retirement Unfunded Liab. (235) (3,032,710.00) Unemployment (Obj. 251) (25,000.00) (31,286,018.00) Match WVEIS (89-299)after Supplements Rounding
Reserved for Contingencies 141,084.00 Reserved Match WVEIS (842) Expenses (Medicaid)
Match WVEIS (300-989) Expenses (County) 4,475,096.00 Expense Allocated Match WVEIS (300-989 minus 842) 3,616,180.00 (1,000,000.00) Remaining 31,286,018.00 Match WVEIS (89-299) before Expenses
Match WVEIS (009) 34,902,198.00 31,286,018.00 Match WVEIS (89-299) after Deficit Beginning Balance Estimated Deficit/Surplus Beginning Balance (007) 1,000,000.00 4,616,180.00 Match WVEIS (300-989) Match WVEIS (007/009) with Beginning Balance 35,902,198.00 35,902,198.00 Match WVEIS (89-989) Check:
TOTAL GENERAL FUND BUDGET Total Operating Budget For 2016 – 2017
■ Special Revenue Fund (61):
– The special revenue fund is used to account for funds from specific sources that are legally restricted to expenditure for specified purposes. This fund is used to account for all federal and state special projects, including the child nutrition program.
Special Revenue Fund
ACCOUNT TITLE PROPOSED REVENUE TOTAL LOCAL SOURCES 65,560 STATE SOURCES 1,944,919 FEDERAL SOURCES 4,824,101 TRANSFERS FROM GENERAL FUND 426,271 TOTAL REVENUE $ 7,260,851
Special Revenue Fund
LOCAL SOURCES, 0.90% STATE SOURCES, 26.79% FEDERAL SOURCES, 66.44% TRANSFERS FROM GENERAL FUND, 5.87%
Special Revenue Fund (by Function Code)
CATEGORY PROPOSED EXPENDITURES % of BUDGET Instruction 2,274,402 31.32% Student 366,230 5.04% Instructional Staff 230,893 3.18% Central Services 4,885 0.07% Student Transportation 328,223 4.52% Food Service 2,011,240 27.70% Transfers to General Fund 45,223 0.62% Reserved 1,999,755 27.54% Total $ 7,260,851 100%
Special Revenue Fund (by Function Code)
Instruction, 31.32% Student, 5.04% Instructional Staff, 3.18% Central Services, 0.07% Student Transportation, 4.52% Food Service, 27.70% Transfers to General Fund, 0.62% Reserved , 27.54%
Special Revenue Fund (by Object Code)
OBJECT PROPOSED EXPENDITURES % of BUDGET Salaries 2,339,063 32.21% Employee Benefits and Fixed Costs 855,440 11.78% Other Purchased Services 42,402 0.58% Supplies 1,651,298 22.74% Equipment 322,820 4.45% Other 2,004,605 27.61% Transfers 45,223 0.62% Total $ 7,260,851 100%
Special Revenue Fund (by Object Code)
Salaries, 32.21% Employee Benefits and Fixed Costs, 11.78% Other Purchased Services, 0.58% Supplies, 22.74% Equipment, 4.45% Other, 27.61% Transfers, 0.62%
■ Debt Service Fund (21):
– The debt service fund is used to account for the accumulation of resources for the payment of principal, interest, and related costs of general long- term debt.
Debt Service Fund
ACCOUNT TITLE PROPOSED REVENUE TOTAL TAXES 3,420,700 Real/Personal Property 3,420,700 TOTAL REVENUE $ 3,420,700
Debt Service Fund
CATEGORY PROPOSED EXPENDITURES Debt Service: 3,420,700 Prinicpal Retirement 2,405,000 Interest and Fiscal Charges 1,015,700 Total $ 3,420,700
■ Bond Construction Fund (31):
– Accounts for the financial resources used to acquire
result of issuing bonds.
Bond Construction Fund
ACCOUNT TITLE PROPOSED REVENUE TOTAL ESTIMATED REVENUES 464,000 Estimated Beginning Balance 464,000 TOTAL REVENUE AND BEGINNING BALANCE $ 464,000
Bond Construction Fund
CATEGORY PROPOSED EXPENDITURES ESTIMATED EXPENDITURES 464,000 Buildings 440,000 Building Improvements 24,000 Total $ 464,000
Capital Projects Fund
ACCOUNT TITLE PROPOSED REVENUE TOTAL ESTIMATED REVENUES 2,110,000 SBA Constribution Match 2,110,000 TOTAL REVENUE AND BEGINNING BALANCE $ 2,110,000
Capital Projects Fund
CATEGORY PROPOSED EXPENDITURES ESTIMATED EXPENDITURES 2,110,000 Buildings 2,110,000 Total $ 2,110,000
■ Minimize personnel staffing with state funding limits ■ Minimize spending growth ■ Minimize deficit line item spending ■ Minimize dependence on end of year carryover ■ Think long-term rather than short-term