2015-2016 BUDGET PRESENTATION - Fairfield Area School District

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Transcript 2015-2016 BUDGET PRESENTATION - Fairfield Area School District

2015-2016 BUDGET PRESENTATION

     

GOVERNOR’S BUDGET PROJECTIONS AND EXPECTATIONS FAIRFIELD AREA SCHOOL DISTRICT PROJECTED REVENUES, MILLAGE, AND INDEX CAPITAL ITEMS INCLUDED IN PROPOSED BUDGET FAIRFIELD AREA SCHOOL DISTRICT PROJECTED EXPENSES AND DEFICIT TIMELINES DISCUSSION/QUESTIONS

GOVERNOR’S BUDGET

Proposed Tax Increases Directly Imposed on Taxpayer and Businesses

      

Personal Income Tax Hike From 3.07% to 3.7% Sales Tax Hike to 6.6% With Additional Items Being Taxed Cigarette Tax Tax on Other Tobacco Products Severance tax (Natural Gas) Bank Shares Tax Corporate Tax Reform

WHAT DOES THIS POTENTIALLY MEAN FOR US?

        

Part of the Governor’s goal is to increase educational spending while decreasing the state deficit and decreasing property taxes Restore the cut to the Accountability Block Grant Restore the Educational Assistance Program Restore partial Charter School reimbursement Restore funding for Dual Enrollment Programs Increase funding for Career and Technical Education Increase funding for Early Childhood Education Increase in Special Education funding based on dynamic formula Maintain funding at current levels for Transportation, School Food Services, and Safe School Initiatives

OTHER PROPOSED CHANGES

  

Cyber Charter School Reform – Establish a statewide tuition rate at $5,950 for regular education students and a rate based on expense category for special education students with a minimum of $8,985 and a maximum of $44,387

Currently the district pays $9,043.46, per student, for regular education and $17,622 for special education to charter schools and expense is budgeted to be approximately for the 2015-2016 fiscal year Proposal to fully fund pension obligations by reducing excessive investment management fees, reducing high risk investment strategies, eliminating the charter/cyber charter pension double dip, and ensuring all contributions are paid in full School districts should see a reduction in their employer contribution in 2016-2017 through allocation of monies from increased Liquor Control Board profits

The increase from 2014-2015 to 2015-2016 is 20.7% and equates to approximately $153,923 for the Fairfield Area School District net of anticipated reimbursement.

CONTINUED…..

Fund Balance Restrictions – no school district could raise real property taxes unless the adopted budget includes a fund balance that has an estimated ending UNASSIGNED fund balance equal to or less than 4% of its total expenditures  The Governor’s Budget also includes an increase in minimum wage from $7.25 to $10.10  For the Fairfield Area School District this equates to approximately $975 in additional payroll dollars for the general fund  Basic Education Funding Commission must issue a report by June 10, 2015 with recommendations for a new formula  Items discussed include the elimination of hold harmless  Enrollment   Demographics Other expenses

ACCOUNTABILITY

 The budgeted increase to Basic Ed Funding does not come without strings  Districts are required to submit a plan to PDE by May 15, 2015  Describe the intended use of funds   Show how funds will increase student success with 9 Benchmarks established 14 Prescribed Uses of Funding  Plan will be approved by June 15, 2015  Keep in mind, final budget approval is due by June 30, 2015

PROPERTY TAX RELIEF

 Governor wishes to “Reduce the average homeowner’s property tax by 50%...many senior citizens will see their property taxes eliminated altogether.”  A very long formula results in 114 school districts receiving 100% residential property tax reduction, 83 at only 25% and the median remaining at 53%  Not having a philosophical or political discussion on the effects on the individual as this is to broad and varied

DOLLARS FOR FAIRFIELD

Governor’s Budgeted Effect on Fairfield Area School District

   

$220,111 Increase in Basic Ed Subsidy and Block Grant $35,619 Increase in Special Education Funding $155,905 Decrease in Charter School Expense 41.63% Decrease in Real Property Taxes Net Effect On School District Budget Would Be $411,635

FAIRFIELD AREA SCHOOL DISTRICT 2015-2016 PROJECTED REVENUE ANALYSIS

 2015-2016 Adjusted Base Index  Current Millage Rate  Maximum Allowable Millage Rate (Increase of .2229)  Potential New Revenue  Cost for Median Taxpayer ($219,100)  Cost Per $100,000 of Assessed Value  2015-2016 Projected Revenues 2.3% 9.6898

9.9127 $183,657 $47.00

$22.00

$16,316,877

LOCAL REVENUE

6111 Real Estate Taxes 6112 Interim Real Estate Taxes 6113 Public Utilities 6114 Pay in Lieu of Taxes 6151 Wage Taxes 6153 Realty Transfer 6154 Amusement Taxes 6400 Delinquent Taxes 6510 Interest 6700 Rev - Student Activities 6831 Rev - Intermediate Sources, FED 6832 - IDEA through IU 6836 - Race to the Top 6910 Rentals 6920 Contributtions and Donations 6940 Tuition 6990 Miscellaneous Revenues 6970 Revenue Provided from Other Funds 6991 Prior Year Refunds

TOTAL LOCAL REVENUES 2011-2012 Actual

7,346,507 26,530 12,870 8,622 1,861,261 125,035 22,941 249,419 6,209 25,820 0 127,290 12,757 36,633 91,065 7,559 0 95,278

10,055,796 2012-2013 Actual

7,485,754 3,131 12,565 8,626 1,837,767 107,622 21,316 275,696 39,239 26,419 17,608 129,662 1,344 12,335 26,087 100,200 14,686 3,138

10,123,195 2013-2014 Actual

7,584,017 13,177 12,242 8,626 2,289,974 124,728 20,718 298,193 37,904 29,991 10,767 148,063 5,236 12,370 55,337 150,280 47,193 0 0

10,848,815 2014-2015 Budget

7,389,536 4,910 12,300 8,626 1,837,766 80,000 22,000 190,000 7,000 25,400 15,000 127,000

2015-2016 Proposed

7,421,641 4,910 12,250 8,626 1,837,766 90,000 20,000 200,000 25,000 25,000 11,000 127,000 12,000 25,000 130,000 8,000 0 0

9,894,538

12,000 25,000 124,455 8,000 0 0

9,952,648

STATE REVENUE

7110 Basic Instruct. Subsidy 7140 Charter School 7160 Section 1305 & 1306 7220 Vocational Education 7250 Migratory Children 7270 Special Education 7272 Early Intervention 7291 Educational Assistance 7310 Transportation 7320 Rental Subsidy 7330 Medical & Dental 7340 Supp Reim/State Prop Tax Reduction 7500 Extra Grants 7810 Social Security 7820 Retirement

TOTAL STATE REVENUES 2011-2012 Actual

3,282,362 0 30,443 17,719 0 611,435 0 0 340,014 195,274 22,559 459,726 64,734 264,977 259,076

5,548,319 2012-2013 Actual

3,282,361 17,938 41,271 611,435 357,678 190,194 21,851 459,720 61,542 248,260 359,240

5,651,490 2013-2014 Actual

3,351,124 0 8,965 24,909 0 611,435 0 0 376,754 186,429 20,958 459,715 64,733 249,598 497,815

5,852,433 2014-2015 Budget

3,342,746 0 0 24,294 0 611,435 0 0 357,678 186,559 22,000 459,775 194,193 238,481 696,132

6,133,293 2015-2016 Proposed

3,342,746 0 5,000 24,200 0 611,435 0 0 350,000 187,357 20,900 459,775 65,000 264,879 895,837

6,227,129

FEDERAL REVENUE

8514 Title l 8515,8516,8518,8519 Title ll, Title V 8521 Vocational Education 8690 Federal Grants in Aid 8701 IDEA Part B (Stimulus) 8703 ARRA Title I Part A 8705 Title II D Technology (Stimulus) 8708 State Fiscal Stabilization 8709 Ed Jobs Subsidy 8810 Access- Medical Reimbursement

TOTAL FEDERAL REVENUES Actual

94,307 33,494 12,000 0 0 0 0 0 0 0

139,801 Actual

103,363 14,647 18,907 3,617

140,534 Actual

90,841 49,437 17,098 0 0 0 0 0 0 0

157,376 Budget

92,083 31,972 11,550 0 0 0 0 0 0 0

135,605 Proposed

98,113 31,987 7,000 0 0 0 0 0 0 0

137,100 OTHER FINANCING USES

9120 Proceeds - Bonds and Leases 9200 Proceeds-Financing 9330 9400 Sale of Fixed Assets 9500 Refund - Pr Yr Expenditures 9611 Receipts from Other LEAs

TOTAL FINANCING 2011-2012 Actual

3,970,000 934,244 0 10,100 0 0

4,914,344 TOTAL REVENUES WITH FINANCING 20,658,260 2012-2013 Actual

0 0 0 0 0 0

0 15,915,219 2013-2014 Actual

109,175 0 0 377 0 0

109,552 16,968,176 2014-2015 Budget

0 0 0 0 0 0

0 16,163,436 2015-2016 Proposed

0 0 0 0 0 0

0 16,316,877

2015-2016 PROJECTED EXPENDITURES

$16,851,711

CURRENT PROJECTED DEFICIT $534,834

100 Salaries

110 Administration 114 Sabbatical 120 Instruction 130 Extracurricular 140 Technical 150 Clerical 160 Maintenance 170,180,190 Oper./Cust./Aides 180 Custodial 187 Security Police 190 Aides

TOTAL 100's 200 Benefits

210 Insurance 220 Social Security 230 Retirement 240 Tuition Reimbursement 250 Unemployment 260 Worker's Comp 270 Health Insurance

TOTAL 200's 2010-2011 Actual 2011-2012 Actual 2012-2013 Actual 2013-2014 Actual 2014-2015 Budget 2015-2016 Proposed

714,773 4,996,952 199,022 401,661 139,308 236,414 10,260 218,969

6,917,359

599,631 4,786,270 210,771 82,725 460,914 50,094 89,253 218,153 127,091

6,624,902

584,500 0 4,813,492 220,648 86,896 399,569 51,593 92,160 200,205 144,742

6,593,805

597,029 28,568 4,925,038 245,215 88,780 363,095 52,693 94,980 205,006 124,160

6,724,564

608,149 0 4,990,681 251,500 90,792 366,046 53,868 96,534 208,406 132,306

6,798,282

628,194 0 5,137,359 227,740 87,452 354,457 55,070 98,698 212,575 131,954

6,933,499

11,113 493,067 364,446 110,116 0 11,371 1,867,956

2,858,070

8,723 537,404 578,686 171,671 38,211 46,219 1,862,728

3,243,642

8,897 494,061 783,402 79,358 18,393 34,125 1,768,482

3,186,718

7,295 500,265 1,121,647 83,220 1,283 46,419 1,547,035

3,307,162

7,220 520,068 1,455,513 90,000 20,000 46,136 1,503,948

3,642,885

7,360 530,412 1,791,616 90,000 5,000 50,000 1,648,950

4,123,338

300 Prof & Tech Services

322 Prof/Educ IU 323 Prof/Educ Other Ed Agencies 324 Prof/Ed Svc Training 329 Prof/Educ Services Other 330 Other Professional Services 340 Technical Services 348 Prof and Tech Services 350 Security 390 Health and Wellness

TOTAL 300's 400 Property Services

410 Cleaning Services 422 Electricity 424 Water & Sewer 430 Repair & Maint 438 Tech Maint and Repair 440 Rentals 460 Pest Control

TOTAL 400's

641,708 13,262 195,595 175,611 7,436 771,982 75,001 3,193 246,188 41,721 1,276

1,033,612 1,139,361

18,453 326,506 12,946 110,295 30,863 8,210

507,273

37,271 204,920 12,348 103,434 33,145 7,386 79

398,583

746,915 1,235 4,760 113,763 71,606 17,389 1,628

957,296

786,273 17,800 6,210 6,111 126,969 68,318 8,868 4,344 200

1,025,093

835,300 26,100 950 3,550 124,424 60,541 22,580 4,520 500

1,078,465

753,464 126,100 5,600 231,406 60,591 10,750 2,000 500

1,190,411

5,997 169,281 14,884 110,741 44,481 7,510 0

352,893

5,354 155,332 16,465 97,292 23,814 9,556 0

307,813

6,800 175,000 15,000 118,653 20,376 7,400 0

343,229

8,000 165,000 16,500 200,527 41,902 8,660 0

440,589

500 Other Purchased Services

510 Contracted Services 520 Insurance 530 Communications 538 Tech Telecom Service 540 Advertising 550 Printing 560 Tuition 580 Travel 590 Misc

TOTAL 500's 600 Supplies

610 General 618 Computer Software 621 Natural Gas 622 Electricity 624 Oil 626 Gasoline/Diesel 640 Books & Periodicals 648 Educ Software and Licensing Fees 650 Educational Software/Licenses

TOTAL 600's

800,896 43,405 38,740 25,968 2,015 6,489 582,076 38,036 17,165

1,554,791

359,606 100,147 99,008 6,955 16,586 131,351 69,588

783,242

825,125 43,672 22,176 54,852 2,302 3,528 601,556 19,719 11,486

1,584,415

217,630 90,542 110,246 819,937 54,665 35,812 19,170 1,080 2,081 905,014 21,620 11,575

1,870,953

220,596 120,660 79,707 5,241 38,642 38,744

501,046

7,557 86,826 3,760 3,948

523,054

810,380 67,228 12,557 20,250 2,310 225 904,494 24,580 22,875

1,864,901

303,054 137,258 69,513 7,535 3,689 68,350 35,703

625,102

832,974 68,115 18,755 20,990 1,527 500 835,608 19,705 12,596

1,810,770

230,664 133,808 85,000 874,654 61,251 16,550 22,800 1,600 0 878,178 22,705 12,342

1,890,080

223,572 137,203 70,000 4,072 120,779 54,532

628,855

5,072 26,228 78,720

540,795

700 Property

710/720 Site Improvement 750 New Equipment 758 Tech Equip-Original 760 Replacement Equipment 768 Tech Equip-Replacement

TOTAL 700's 800 Other Objects

Dues and Fees Judgements against LEA

TOTAL Debt Service

Interest Principal Contributions Debt Service-Refunded Bonds Refunds of Prior Year Receipts

TOTAL DEBT SERVICE FUND TRANSFERS

Total Expenditures Budgetary Reserve

FINAL EXPENDITURES

11,357 213,344 168,929 5,908 1,080

400,618

24,241 25,586 128,408 121,104 6,565

305,904

863 23,857 6,307 21,332 55,910

108,269

81,820 27,229 31,755 95,991

236,795

4,081 24,582 33,359 63,237

125,259

13,129 26,264 38,810 60,459

138,662

37,388

14,092,353

41,714 59,000

13,898,568

40,596

13,633,583

50,475

14,141,905

40,212

14,467,957

45,988

15,301,526

645,369 1,217,589 644,398 1,289,447 703,192 872,138 700,650 893,009 678,075 891,000 653,034 897,151 4,780,670 9,305

1,872,263 340,039

16,304,655

6,714,515 63,119

20,676,203 4,743

1,580,074 16,570

15,230,227 201

1,593,860 134,481

15,870,246

1,569,075 751,025

16,788,057

1,550,185

16,851,711

0 16,304,655 20,676,203 15,230,227 15,870,246 16,788,057 16,851,711

2015-2016 CAPITAL EXPENDITURES

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ELEMENTARY PLAYGROUND ELEMENTARY CARPET REPLACEMENT UPGRADE AUDITORIUM SOUND SYSTEM UPGRADE AUDITORIUM LIGHTING $20,000 $20,000 $25,000 $7,000 REPLACE EAST AND WEST ENTRANCE DOORS $12,000 ELEMENTARY SCHOOL CABLE RUN $15,779 EVERYDAY MATH CURRICULUM ELEMENTARY MOBILE LAB/CART $24,039 $10,200 MIDDLE SCHOOL MOBILE LAB/CART IP VIDEO CAMERAS REPLACE HIGH SCHOOL GYM WALL MATS $10,200 $5,000 $4,500

2015-2016 CAPITAL EXPENDITURES, cont’d

HIGH SCHOOL TEACHER LAPTOPS

SERVERS $16,800 $14,400 TOTAL EXPENSE CONSIDERED TO BE ONE-TIME AND NOT NECESSARILY OPERATIONAL IN NATURE

$184,918

Staffing Curriculum MOVED TO YEAR 2 Athletics MOVED TO YEAR 2 Building

District District HS HS District District District

Description

Superintendent Assistant to the Superintendent World Language Teacher Transfer 1/2 Eng to HS for Full Maintenance Transportation/Business Office Clerk Increase hours by .5 IDEA Aides & Elem Aides

Building

Elem HS/MS Grades 11 & 12 EDM Grades K-6 Calculators Laptops

Description Sport

VB, Bball, gym class Replace HS Gym Wall Mats FB, Gsoc, Bsoc JHFH, JHBBball Build 1-2 Ticket Booths Uniforms

Qty Cost

1 $160,448.00

1 $126,000.00

0.5 $38,750.00

0.5

$0.00

1 $0.00

8 $14,242.00

Qty Cost

170 $24,039.35

150 195 Laptops $2,250.00

$61,245.00

Cost

$4,500.00

$9,000.00

$5,000.00

Maintenance GRANT FUNDS 14-15 Building

HS/MS HS/MS HS/MS/Elem HS/MS HS HS HS/MS HS/MS HS/MS HS/MS HS/MS HS/MS HS/MS HS/MS HS/MS HS/MS HS/MS HS/MS HS/MS HS/MS Elem Elem Elem Elem Maintenance Maintenance Equipment Equipment Site Site

Description

Boiler Clock Systems Locks & Keying System Replace Gym, East & West Entrance Doors Flooring Systems Painting Restroom Facilities - Hand Dryers Electrical System Automatic Temperature Controls Roofing System - Repairs to HS/MS. Auditorium Sound System Auditorium Light System Exterior Building Walls Card Access System Bleachers Additions Building Security Televisions Water Fountains Furniture Phase I of Playground Boiler Flooring Systems Locks & Keying System On-Line Work Order System MSDS On-Line System Chevrolet Truck Two-way Radios Blacktop Sealing Sewer Lines/Pump Stations/Grease Traps

Qty

1

Cost

$3,000.00

$2,000.00

$12,000.00

$12,000.00

$15,000.00

$2,000.00

$2,500.00

$25,000.00

$7,000.00

$3,000.00

$29,300.00

$2,000.00

$1,000.00

$20,000.00

$20,000.00

$0.00

$4,000.00

$2,000.00

$35,000.00

$3,000.00

$20,000.00

$1,000.00

MOVED TO YEAR 2 MOVED TO YEAR 2 NO MAINTENANCE REDUCED MOVED TO YEAR 2 REDUCED TO 20 MOVED TO YEAR 2 MOVED TO YEAR 2 REDUCED TO 30 REDUCED TO 30 MOVED TO YEAR 2

Tech Tech Tech Tech Tech Tech Tech Tech Tech Tech Tech Tech Tech Tech Tech Tech Tech Tech Tech Tech Tech Tech Nagios Monitoring/Alert Software Papercut TekNet Renewal Vmware Server Software/Virtual HP Server HP Server Mounting of 3 LCD Projectors to wall Cable Runs from mounted LCD to Plate Close up Projection Mounting Arms for LCD HP Color Printers HP POE Switches HS Teacher Laptops HP Laptops Wireless to Press Box Network Access Control IP Video Camera's Cart for Mobile Lab MS Mobile Lab Elem Mobile Lab Elem School Wireless Project Cable Run HS/MS Wireless Cable Runs 213/Café Cable Runs 3@379 3@500 3 @ 209 10@ $319 4@ $1450 $1,900.00

$1,995.00

$11,264.00

$4,902.00

$8,200.00

$6,200.00

$1,137.00

$1,500.00

$627.00

$3,190.00

$5,800.00

20 @ $600 $13,600.00

5 @ $600 $3,000.00

$500.00

$61,725.00

2 @ $1200 30 @ $300 30 @ $300 $5,000.00

$2,400.00

$9,000.00

$9,000.00

$15,779.00

$25,713.00

$2,078.59

FUND BALANCE ANALYSIS

2013-2014 ENDING FUND BALANCE $2,676,139 2014-2015 PROJECTED ENDING FUND BALANCE $2,051,518 2014-2015 Projected Capital Expense 2014-2015 Actual to Date ($624,621

) Cafeteria Debt $172,000 $153,042 Roof Repair $450,000 $397,330 Chiller Repair $40,000 $0 Parking Lot Sealing $20,000 Circulating Pumps $12,000 Playground $10,000 $0 $14,000 $0 Heat Conversion in Maintenance $7,000 $711,000 $15,000 $579,372

2011-2012

MILLAGE ANALYSIS

2012-2013 2013-2014 2014-2015 2015-2016 MILLAGE ASSESSED VALUE ADJUSTED INDEX INCREASE REVENUE IMPACT 9.2953

9.4905

$877,452,300 $869,943,900 $869,526,700 $867,305,800 2.1% .1952

$162,678 9.6898

2.1% .1993

$164,711 9.6898

2.6% No Increase Loss of $208,082 in current period and going forward 2.3% Unknown Potential $183,657

STANDARD AND POOR’S RATINGS

 A+ Long Term Rating and A+ on Existing Debt     

Determined based on local wealth, improved financial position after achieving two consecutive general fund operating surpluses, and moderate debt burden with limited capital needs District’s household effective buying income (EBI) is strong at 124% of the national level Overall debt burden is moderate at $3,509 per capita or 3.2% of market value Carrying charges are moderate at 10% of total governmental fund expenditures in 2014 Debt amortization is average with 50% of debt being retired in 10 years

      

TIMELINES

To date the index has been published and the board, in a timely manner, adopted the resolution stating it would not raise taxes beyond the index. District timelines then revert to the original timelines in place prior to Act 1. MAY 1, 2015 – State required to notify districts of the amount of the allocation of property tax reduction funding. This only occurs if there are enough funds in the Property Tax Relief Fund. For the 2014-2015 fiscal year the district received $459,775 which equated to $191 per taxpayer. At this same time, districts are to receive a certified report from the county assessor with information on the homestead and farmstead properties in the district. MAY 31, 2015 – Deadline for district to adopt 2015-2016 proposed final budget JUNE 10, 2015 – Deadline for district to make the proposed final budget available for public inspection ----This must be done 20 days prior to final budget adoption date, whatever that may be JUNE 20, 2015 – Deadline for district to offer public notice of its intent to adopt the 2015-2016 final budget ---- This must be done 10 days prior to final adoption, whatever date that may be JUNE 30, 2015 – Deadline for district to adopt the final budget and the homestead/farmstead resolution

DISCUSSION, SOLUTIONS AND QUESTIONS