Transcript MURRAY SCHOOL DISTRICT FY16 – PRELIMINARY BUDGET PRESENTATION MAY 2015 Overview – FY15 Budget Assumptions  Assessed Value of $2.79 billion or increase of.

MURRAY SCHOOL DISTRICT
FY16 – PRELIMINARY BUDGET
PRESENTATION
MAY 2015
Overview – FY15 Budget Assumptions
 Assessed Value of $2.79 billion or increase of $70 million







(2.50%)
Budget prepared assuming a property tax rate increase of
$605,000
No budgeted increase in students
Budgeted increase of 7.5 FTE at a cost of $495,000
WPU increase from $2,972 to $3,092 or 4%
No increase in health insurance costs to District
All on-going costs funded with on-going money
No use of one-time money
Budget Items
 Increased State Funding of WPU - $871,000
 Increased Costs for Charter School Local Replacement - $114,860
 Transportation Program Savings - $47,000
 New Flexible Pool of PD Funds - $45,000
 New Funds for Math Consultant Fees - $10,000
 New Stipends for Teachers with Split Classes - $20,000
 FTE Increases Include:




1 FTE for Administrative Support
3 FTE for Instructional Coaches
1.5 FTE for Math Labs
2 FTE for Counselors
 Significant Health Insurance Plan Modifications


Original Renewal at 15%, Modified Renewal of 9%
Total increase insurance costs paid by employees
Budget Items – Cont.
Recent Property Tax Increases
Year
Amount
FY12-13 (Capital Outlay)
$ 33,746,611
FY13-14 (M&O)
$
560,000
FY14-15 (M&O)
$
187,109
FY15-16 (M&O - Proposed) $
604,677
Impact On
$250k Home
$
58.64
$
28.60
$
8.55
$
29.14
Purpose:
Hillcrest Junior High, Seismic
Retirement, Class Size, .5% COLA
Class Size (Voted Leeway Adjustment)
Charter Local Replacement, 7.5 FTE
Tax Rate Comparison
MAXIMUM
FISCAL
FISCAL
TAX RATE BY LAW
2014-15
2015-16
EST ASSESSED VALUES*
$2,752,743,628
$
MOTOR VEHICLE ESTIMATES
1,600,000 $
DIFFERENCE DIFFERENCE
ACTUAL
%
$2,821,562,218
$68,818,590
2.50%
1,600,000
$0
0.00%
TAX RATES
M&0 BASIC
VOTED LEEWAY
LOCAL BOARD LEVY
Calculated
Voted (.001786)
.001486
.001717
.001764
.001675
0.000278
-0.000042
18.71%
-2.45%
0.0018
.001097
.001284
0.000187
17.05%
.004300
.004723
0.000423
9.84%
0.003
.000667
.000650
-0.000017
-2.55%
0.0006
.000600
.001267
.000600
.001250
0.000000
-0.000017
0.00%
-1.34%
.005567
.005973
.000406
.084955
.001277
.001246
-0.000031
.006844
.007219
0.000375
-2.43%
5.48%
TOTAL M&O
CAPITAL OUTLAY
.0006 Capital Equalization
TOTAL C.O.
CERTIFIED RATE TOTAL
DEBT SERVICE
Sufficient
TOTAL ALL RATES
SALT LAKE COUNTY SCHOOL DISTRICT'S TAX RATES 2014-15
DISTRICT
SALT LAKE
JORDAN
GRANITE
MURRAY
CANYONS
TAX RATES
0.006303
$347
0.006700
$369
0.006831
$376
0.006844
$376
0.006872
$378
$100,000 home
HIGH/LOW STATE TAX RATES
STATE AVERAGE
.009593 Tooele / .003522 Wayne
0.007022
General Fund Budget Summary
Expenditures by Object
Revenues:
Property Taxes
Interest on Investments
Other Local Revenue
State of Utah
Federal Government
Total Revenues
$
Expenditures:
Salaries
Employee Benefits
Contract Services
Maintenance & Repairs
Other Purchased Services
Supplies
Equipment
Other Objects
Total Expenditures
Net Change in Fund Balances
Fund Balance - July 1
Fund Balance - June 30
$
Fund Balance
Nonspendable:
Inventories & Prepaid Exp.
$
Other
Committed:
Economic Stabilization
Employee Benefit Obligations
Unassigned
Total Fund Balance
$
2009-10
Actual
2010-11
Actual
2011-12
Actual
2012-13
Actual
2013-14
Actual
2014-15
Revised
Budget
2015-16
Proposed
Budget
10,565,553 $
427,111
1,110,006
22,963,978
4,296,485
39,363,133
11,210,164 $
106,823
882,628
22,390,363
3,594,711
38,184,689
12,429,628 $
232,949
1,247,218
22,060,958
2,080,138
38,050,891
12,704,863 $
180,993
1,582,864
22,345,426
2,049,985
38,864,131
13,072,096 $
221,667
1,815,282
23,424,024
2,140,924
40,673,993
13,194,313 $
25,000
1,388,143
24,653,764
2,408,648
41,669,868
15,274,776
25,000
1,389,156
24,333,382
2,201,765
43,224,079
24,545,723
9,389,686
572,184
656,657
311,407
2,683,004
737,427
22,420
38,918,508
24,761,810
9,308,095
455,150
456,647
329,023
2,415,447
454,042
36,949
38,217,163
24,763,221
10,105,286
504,154
581,836
322,073
2,334,936
320,613
33,080
38,965,199
24,510,003
9,928,384
451,862
316,121
273,068
2,174,508
276,346
66,356
37,996,648
24,570,978
11,161,067
468,201
643,794
296,632
2,612,913
730,399
71,710
40,555,694
25,750,209
11,434,187
781,383
553,141
390,735
3,171,009
112,820
104,104
42,297,588
26,603,991
11,784,251
799,949
503,369
387,793
3,270,443
112,820
104,104
43,566,720
444,625
9,404,303
9,848,928 $
(32,474)
9,848,928
9,816,454 $
(914,308)
9,816,454
8,902,146 $
867,483
8,902,146
9,769,629 $
118,299
9,769,629
9,887,928 $
(627,720)
9,887,928
9,260,208 $
(342,641)
9,260,208
8,917,567
124,151 $
742,510
755,502 $
51,739
498,687 $
60,938
588,061 $
-
618,420 $
-
618,420 $
618,420
2,000,000
5,438,358
1,543,909
9,848,928 $
2,000,000
5,238,358
1,770,855
9,816,454 $
2,000,000
4,996,968
1,345,553
8,902,146 $
2,000,000
5,238,358
1,943,210
9,769,629 $
2,000,000
5,238,358
2,031,150
9,887,928 $
2,000,000
5,238,358
1,403,430
9,260,208 $
2,000,000
5,238,358
1,060,789
8,917,567
Student Activities Fund Budget Summary
Expenditures by Object
Revenues:
Other Local Revenue
Total Revenues
$
Expenditures:
Salaries
Employee Benefits
Purchased Services
Supplies
Equipment
Other Objects
Total Expenditures
Net Change in Fund Balances
Fund Balance - July 1
Fund Balance - June 30
$
2009-10
Actual
2010-11
Actual
2011-12
Actual
2012-13
Actual
2013-14
Actual
2014-15
Revised
Budget
1,172,604 $
1,172,604
1,603,539 $
1,603,539
1,561,819 $
1,561,819
1,795,099
1,795,099
1,448,852 $
1,448,852
1,900,000 $ 1,900,000
1,900,000
1,900,000
259,715
684,188
74,921
162,556
1,181,380
545,173
757,647
55,580
242,730
1,601,130
567,237
639,994
45,722
277,347
1,530,300
695,321
759,462
62,135
273,591
1,790,509
328,312
740,595
45,403
284,931
1,399,241
30,000
1,563,000
7,000
300,000
1,900,000
(8,776)
744,933
736,157 $
2,409
736,157
738,566 $
31,519
738,566
770,085 $
4,590
770,085
774,675
49,611
774,675
824,286 $
824,286
824,286 $
2015-16
Proposed
Budget
30,000
1,563,000
7,000
300,000
1,900,000
824,286
824,286
Non K-12 Budget Summary Fund
Expenditures by Object
2009-10
Actual
Revenues:
Property Taxes
Interest on Investments
Other Local Revenue
State of Utah
Federal Government
$
388,619 $
270,344
213,074
74,165
2010-11
Actual
392,610 $
332,793
248,245
94,081
2011-12
Actual
372,777 $
277,674
297,755
79,952
2012-13
Actual
2013-14
Actual
2014-15
Revised
Budget
2014-15
Proposed
Budget
340,298
264,264
76,405
$
12,992
359,933
307,675
81,130
$
338,000
301,998
76,139
338,000
310,132
77,417
Total Revenues
946,202
1,067,729
1,028,158
680,967
761,730
716,137
725,549
Expenditures:
Salaries
Employee Benefits
Contract Services
Maintenance & Repairs
Other Purchased Services
Supplies
Equipment
Other Objects
717,070
184,233
81,194
8,655
21,232
50,444
3,311
37,824
661,553
186,365
54,084
5,013
20,780
57,525
4,069
98,373
680,737
194,460
74,309
14,493
6,471
63,539
2,265
102,119
425,990
126,750
54,573
2,030
5,766
62,783
12,272
425,497
136,808
65,357
1,406
19,607
67,736
6,669
462,842
154,348
30,745
6,615
20,210
68,060
1,394
12,618
462,286
157,901
24,545
6,615
20,210
66,686
1,394
20,192
1,103,963
1,087,762
1,138,393
690,164
723,080
756,832
759,829
(157,761)
(20,033)
(110,235)
(9,197)
38,650
(40,695)
(34,280)
495,972
338,211
318,178
207,943
198,746
237,396
196,701
338,211 $
318,178 $
207,943 $
198,746
237,396 $
196,701 $
162,421
Total Expenditures
Net Change in Fund Balances
Fund Balance - July 1
Fund Balance - June 30
$
Redevelopment Agency – Special Revenue Fund
Expenditures by Object
2014-15
Revised
Budget
Revenues:
Tax Increment
$$
2015-16
Proposed
Budget
1,822,250 $
1,867,806
Total Revenues
1,822,250
1,867,806
Expenditures:
Tax Increment Payment
1,822,250
1,867,806
Total Expenditures
1,822,250
1,867,806
Net Change in Fund Balances
-
-
Fund Balance - July 1
-
-
Fund Balance - June 30
$$
-
$
-
Debt Service Fund Budget Summary
Expenditures by Object
Revenues:
Property Taxes
Interest on Investments
Other Local Revenue
State of Utah
Federal Government
Total Revenues
$
Expenditures:
Interest
Redemption of Principal
Misc.
Total Expenditures
2009-10
Actual
2010-11
Actual
2011-12
Actual
2012-13
Actual
2013-14
Actual
2014-15
Revised
Budget
2,309,057 $
9,108
2,412,651 $
6,588
2,454,963 $
20,416
2,425,605
10,211
3,850,559 $
9,028
3,572,250 $
10,000
3,524,625
10,000
2,318,165
2,419,239
2,475,379
2,435,816
3,859,587
3,582,250
3,534,625
960,215
1,480,000
2,000
2,442,215
890,456
1,586,610
1,250
2,478,316
816,593
1,619,733
10,210
2,446,536
972,886
1,790,000
72,111
2,834,997
1,680,113
1,835,000
833
3,515,946
1,616,000
1,950,000
16,250
3,582,250
1,445,250
2,073,125
16,250
3,534,625
72,111
72,111
-
415,752
1,589,068
2,004,820 $
2,004,820
2,004,820 $
Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balance - July 1
Fund Balance - June 30
$
(124,050)
2,070,422
1,946,372 $
(59,077) 1,946,372
1,887,295 $
28,843
1,887,295
1,916,138 $
(327,070)
1,916,138
1,589,068
2015-16
Proposed
Budget
2,004,820
2,004,820
Capital Projects Fund Budget Summary
Expenditures by Object
2011-12
Actual
4,140,352 $
120,119
12,395
120,510
88,000
3,228,134 $
65,946
34,068
13,218
36,000
2,669,345 $
95,305
25,686
7,086
-
2,907,707 $
224,384
125,000
-
3,166,176 $
200,966
450,000
802,690
3,265,914 $
100,000
5,000,000
120,000
3,265,914
100,000
3,000,000
1,120,000
Total Revenues
4,481,376
3,377,366
2,797,422
3,257,091
4,619,832
8,485,914
7,485,914
Expenditures:
Salaries
Employee Benefits
Contract Services
Purchased Property Services
Other Purchased Services
Supplies
Property
Other Objects
11,818
167,773
280,285
1,498,480
-
36,098
261,963
133,837
2,347,353
-
152,598
356,823
403,185
2,239,661
-
3,621,937
1,232,740
576,932
1,074,616
245,905
18,087,917
1,965,349
397,939
686,400
-
19,801,000
2,377,321
510,514
4,153,985
-
4,301,000
2,377,322
510,514
1,920,723
-
Total Expenditures
1,958,356
2,779,251
3,152,267
6,752,130
21,137,605
26,842,820
9,109,559
(16,517,773)
(18,356,906)
(1,623,645)
$
Other Financing Sources(Uses)
33,746,611
Net Change in Fund Balances
Fund Balance - July 1
Fund Balance - June 30
2013-14
Actual
2015-16
Proposed
Budget
2010-11
Actual
Revenues:
Property Taxes
Interest on Investments
Other Local Revenue
State of Utah
Federal Government
2012-13
Actual
2014-15
Revised
Budget
2009-10
Actual
2,523,020
$
9,016,677
11,539,697 $
598,115
(354,845)
11,539,697
12,137,812 $
12,137,812
11,782,967 $
(3,495,039)
11,782,967
42,034,539 $
42,034,539
25,516,766 $
25,516,766
7,159,860 $
7,159,860
5,536,215
School Lunch Fund Budget Summary
Expenditures by Object
2009-10
Actual
2010-11
Actual
2011-12
Actual
2012-13
Actual
2013-14
Actual
2014-15
Revised
Budget
3,788 $
929,537
25,996
13,034
304,988
1,111,088
2,962 $
875,978
17,421
41,805
322,629
1,159,568
8,015 $
801,330
15,727
15,235
334,875
1,189,842
6,924
670,582
12,130
13,318
342,440
1,135,344
3,718 $
502,360
111,188
21,912
321,418
1,156,428
3,000 $
585,000
7,900
15,800
450,000
1,285,000
3,000
585,000
7,900
15,800
450,000
1,285,000
Total Revenues
2,388,431
2,420,363
2,365,024
2,180,738
2,117,024
2,346,700
2,346,700
Expenditures:
Salaries
Employee Benefits
Contract Services
Maintenance & Repairs
Other Purchased Services
Supplies
Equipment
Other Objects
758,334
229,124
8,619
12,788
12,525
1,288,463
2,347
166
799,028
254,394
6,129
5,389
12,163
1,265,780
19,542
52,655
744,027
264,693
6,544
13,605
11,798
1,232,776
35,574
52,653
712,505
242,553
23,376
13,812
1,132,923
20,179
231,862
684,625
258,643
14,933
12,592
1,077,957
3,279
164,152
679,722
299,022
2,200
17,500
18,957
1,313,699
10,000
157,435
703,404
265,981
2,200
17,500
18,957
1,323,059
10,000
150,000
Total Expenditures
2,312,366
2,415,080
2,361,670
2,377,210
2,216,181
2,498,535
2,491,101
76,065
5,283
3,354
(196,472)
(99,157)
(151,835)
(144,401)
611,769
687,834
693,117
696,471
499,999
400,842
249,007
687,834 $
693,117 $
696,471 $
499,999
400,842 $
249,007 $
104,606
Revenues:
Interest on Investments
Sales to Students
Sales to Adults
Other Local
State of Utah
Federal Government
$
Net Change in Fund Balances
Fund Balance - July 1
Fund Balance - June 30
$
2015-16
Proposed
Budget
Lifetime Insurance Fund Budget Summary
Expenditures by Object
2009-10
Actual
Revenues:
Property Taxes
Interest on Investments
Other Local Revenue
State of Utah
Federal Government
$
2010-11
Actual
$
2011-12
Actual
$
2012-13
Actual
2014-15
Revised
Budget
2013-14
Actual
$
$
10,371
76,422
13,846
7,440
-
-
Total Revenues
307,990
86,793
21,286
312,100
330,512
297,000
297,000
Expenditures:
Insurance
Purchased Services
Misc.
328,785
182,026
11,450
404,215
123,444
531,222
109,912
433,000
125,000
218,815
111,697
275,000
135,000
275,000
135,000
Total Expenditures
522,261
527,659
641,134
558,000
330,512
410,000
410,000
(214,271)
(440,866)
(619,848)
(245,900)
(113,000)
(113,000)
2,217,286
2,003,015
1,562,149
942,301
696,401
696,401
583,401
2,003,015 $
1,562,149 $
696,401
696,401 $
583,401 $
470,401
Fund Balance - July 1
Fund Balance - June 30
$
942,301 $
-
5,401
325,111
$
16,171
291,819
-
Net Change in Fund Balances
12,000
300,100
2015-16
Proposed
Budget
-
-
12,000
285,000
-
12,000
285,000
-
QUESTIONS?