Wilmette Public School District 39 Board Of Education FINANCIAL - - PowerPoint PPT Presentation

FINANCIAL PROJECTIONS FY19-23

December 18, 2017

Gail F. Buscemi Business Manager

Wilmette Public School District 39

Board Of Education

Revenue Assumptions

• Property Tax revenue is projected to increase by CPI plus new property growth each
• year. Bloomberg’s estimate of CPI for FY 19-23 is reflected in the assumptions
• General State Aid and State Mandated Categorical Grants assumes FY 2018 remains flat

for FY 19-23

• Federal Aid assumes level revenue for FY 18-23
• Corporate Personal Property Replacement Tax (CPPRT) assumes level revenue
• Interest income is budgeted at 0.75% of the last fiscal year’s fund balance
• Local revenues in the Educational, Transportation and Operations and Maintenance

Funds reflect the current fee structure

Expenditure Assumptions

• Certified salaries are based on the negotiated contract through FY 19 and reflect

increases in FY 20-23

• Support staff and Administrative salaries are projected at CPI increases FY 19-23 with a

floor of 2%

• Health insurance costs are projected to increase 10% per Year
• The proposed Pension Cost Shift estimates are reflected in FY19-23
• Purchased services, Outplaced Tuition and Supplies are projected to increase by 3% per

Year

• Planned Capital Projects are built into the model

67.3% 72.4% 59.0% 51.4% 49.8% 43.6% 39… 37.3% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0%

FY16 Actual FY17 Actual FY18 Budget FY19 Proj FY20 Proj FY21 Proj FY22 Proj FY23 Proj

Percentage of Total Expenditures

Operating Funds Combined Fund Balance Standard Assumptions

67.3% 72.4% 59.0% 48.2% 43.8% 35.1% 28.2% 24.1%

0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0%

FY16 Actual FY17 Actual FY18 Budget FY19 Proj FY20 Proj FY21 Proj FY22 Proj FY23 Proj Percentage of Total Expenditures

Operating Funds Combined Fund Balance One Year Tax Freeze-2017 Chart 2

67.3% 72.4% 59.0% 49.4% 44.3% 33.4% 24.4% 18.3% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0%

FY16 Actual FY17 Actual FY18 Budget FY19 Proj FY20 Proj FY21 Proj FY22 Proj FY23 Proj

Percentage of Total Expenditures

Operating Funds Combined Fund Balance With Tax Freeze 2018 & 2019 Chart 3

67.3% 72.4% 59.0% 47.1% 39.8% 26.9% 15.9% 7.9% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0%

FY16 Actual FY17 Actual FY18 Budget FY19 Proj FY20 Proj FY21 Proj FY22 Proj FY23 Proj

Percentage of Total Expenditures

Operating Funds Combined Fund Balance With Tax Freeze 2017, 2018 & 2019 Chart 4