Transcript PRELIMINARY BUDGET ESTIMATES GENERAL OPERATING …

McKinney isd
PROPOSED budget
2009-10
June 22, 2009
1
2009-10 BUDGET HIGHLIGHTS
GENERAL FUND
PROPOSED SALARY & BENEFIT ENHANCEMENTS
DEBT SERVICE FUND
FOOD SERVICE FUND
TAX RATE INFORMATION
2
HB3646 IMPACT SUMMARY
Adds $120 per WADA to target revenue level ($3.3 million)
Requires greater of $60 per WADA or $800 to be given in
across the board pay raises to teachers, librarians,
counselors, nurses, speech pathologists (±$850 for MISD)
Requires local “step” increases on top of state raise
Total cost of mandated raises – both state & local is ±$2.6
million
Raises contingent on Commissioner of Education
determining that mandated raises are an allowable use of
federal stimulus funds.
3
GENERAL FUND BUDGET SUMMARY
REVENUES
EXPENDITURES
PROJECTED EXPENDITURE
VARIANCE (2%)
PROJECTED ACTUAL
EXPENDITURES
ANTICIPATED ACTUAL DEFICIT
$175,059,967
179,100,387
(3,582,008)
175,518,379
($458,412)
4
REVENUE COMPARISON
(In Millions)
Source of
Funds
2008-09
2009-10
Change
Local
$97.2
$95.7
($1.5)
State
69.2
79.1
9.9
Other
0.2
0.3
0.1
$175.1
$8.5
Total
$166.6
5
EXPENDITURE COMPARISON
(In Millions)
FUNCTION
2008-09
Instruction & Instructional
Related
$113.0
Instructional & School
Leadership
Pupil Support
+/- ($)
+/- (%)
$115.6
$2.6
2.3 %
13.7
14.3
0.6
4.2 %
20.3
21.2
0.9
4.4 %
4.2
4.4
0.2
3.4 %
Non-Student Based
Support
21.5
22.0
0.5
2.6 %
Community Services
0.2
0.2
<0.05
20.3 %
Contracted With Other
Governmental Agencies
1.3
1.4
0.1
12.0 %
TOTAL
$174.2
$179.1
$4.9
2.8 %
Administrative Support
2009-10
6
GENERAL FUND EXPENDITURES BY
FUNCTION
2%
12%
Instruction &
Instructional Related
Instructional &
School Leadership
Pupil Support
1%
12%
8%
65%
Administrative
Support
Non-Student Support
All Other
7
EXPENDITURE COMPARISON – BY OBJECT
(In $Millions)
OBJECT
Payroll Costs
2008-09
2009-10
$ Change
% Change
$136.4
$141.3
$4.9
3.7%
25.4
26.7
1.3
6.1%
Supplies/Materials
9.0
7.8
(1.2)
(14.1%)
Other Operating
Expenses
2.9
2.9
0.0
(1.8%)
Capital Outlay
0.5
0.4
(0.1)
(22.1%)
$174.2
$179.1
$4.9
2.8%
Purchased and
Contracted
Services
TOTAL
8
GENERAL FUND EXPENDITURES BY OBJECT
Payroll Costs
<1%
4% 2%
Purchased &
Contracted Services
Supplies & Materials
15%
Other Operating
Expenses
Capital Outlay
79%
9
SUMMARY OF SIGNIFICANT EXPENDITURE BUDGET
CHANGES FROM 2008-09 TO 2009-10
($Millions)
REVISED 2008-09 BUDGET
$174.2
INCREASES:
INCREASE IN SALARIES AND BENEFITS
ADDITIONAL STAFFING (NET)
LAWSON E.C.C. OPERATING COST
TRS-ON BEHALF
INCREASED TRANSPORTATION COST
3.3
0.5
0.9
0.6
0.7
DECREASES:
CAPITAL OUTLAY & SPECIAL REQUESTS
UTILITIES TRANSFER FROM FOOD SERVICE
OTHER (NET)
BUDGETED EXPENDITURES 2009-10
(0.6)
(0.2)
(0.3)
$179.1
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PER PUPIL COMPARISONS
2008-09
2009-10
Fall Enrollment
23,401
24,049
Revenues-Total
$166,552,543
$175,059,967
$7,117
$7,279
$174,212,331
$179,100,387
$7,445
$7,447
Per Pupil
Expenditures-Total
Per Pupil
11
FUND BALANCE ESTIMATES
GENERAL OPERATING FUND 2009-10
FUND BALANCE (In $Millions)
PROJECTED 6/30/09 FUND BALANCE
$49.0
PROJECTED FY10 REVENUES
PROJECTED FY10 EXPENDITURES
(Net of Anticipated 2.0% Expenditure Variance)
175.1
PROJECTED 6/30/10 FUND BALANCE
(175.5)
$48.6
PROJECTED 6/30/10 FUND BALANCE AS A % OF 2010-11
EXPENDITURES (ASSUMING 3% GROWTH) -------- 26.9%
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GENERAL FUND
BUDGET SUMMARY OF ACCOMPLISHMENTS
Includes staffing and other operating cost for Lawson Early
Childhood Center.
Provides reasonable pay raises considering economic
climate.
Increases health insurance contribution to absorb a portion
of premium increases.
Retains mid-year and teacher supply reimbursement
stipends.
Holds spending per pupil to $2 increase (0.04%).
Decreases budgeted deficit by $3.6 million.
Maintains current M & O tax rate of $1.04.
13
PROPOSED SALARY AND
BENEFIT ENHANCEMENTS
2009-10
14
SUMMARY OF SALARY/BENEFIT
ENHANCEMENT RECOMMENDATIONS
Teachers, Nurses, Counselors and Other
Instructional Professionals - $900 plus step
increase on existing schedule. Average
teacher pay raise is 2.8%
All Other Pay Grades – 2.0% of mid point on
applicable pay grade
All Full Time Employees - $500 mid year
stipend to be paid in December (Retain)
Classroom Teachers - $250 classroom supply
stipend to be paid in September (Retain)
Increase District contribution for health
insurance by $10 per month.
Raises contingent on favorable ruling on use
of federal stimulus funds.
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SUMMARY OF SALARY/BENEFIT ENHANCEMENT RECOMMENDATIONS
(Continued)
Summary of Proposed Teachers’ Salary Schedule
Beginning Salary - $44,900
Step Increments1-5 - $300

1-5 - $300

6-10 - $400

11-15 - $500

16-20 - $600

21-30 - $700
Step 30 Salary - $60,900
Retain $500 mid-year stipend
Retain $250 supply reimbursement stipend
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DEBT SERVICE FUND BUDGET
Revenues
Property Taxes
Investment Revenue
Total Revenues
$44,178,378
150,000
$44,328,378
Expenditures
 Fiscal Year Basis (Budget)
 Calendar Year Basis (Tax Rate)
$43,751,418
$44,562,484
Note: The Adopted Budget is on a Fiscal Year basis, but the tax rate is set to
meet Calendar Year requirements.
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FOOD SERVICE FUND BUDGET
Revenues
Expenditures
Surplus
$8,431,219
8,315,789
$ 115,430
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TAX RATE INFORMATION
FY09
(Actual)
FY10
(Proposed)
Change
M&O
1.040
1.040
0.000
I&S
0.477
0.500
0.023
Total
1.517
1.540
0.023
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TAX IMPACT ON AVERAGE RESIDENCE
FY09
FY10
Average Market Value
$216,670 $216,095
Average Taxable Value
$201,161 $200,780
Tax Rate
Taxes Due
Increase
$1.517
$1.540
$3,051.61 $3,092.01
$40.40
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TAX RATE HISTORY
2
1.5
I&S
M&O
1
0.5
0
1
2
3
4
5
6
7
8
9
0
0
0
0
0
0
0
0
0
0
1
FY
FY
FY
FY
FY
FY
FY
FY
FY
FY
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