Monica Hunsaker, Director of Finance, Business & Operations

Transcription

1 Business Office Caldart Avenue NE Poulsbo, WA TO: FROM: Patty Page, Superintendent Monica Hunsaker, Director of Finance, Business & Operations DATE: June 19, 2014 SUBJECT: Preliminary Budget Review Enclosed are the preliminary budget documents for your review. The next month will be spent finalizing the budget. Expect only minor adjustments prior to the final budget being presented to the Board of Directors. The Board of Directors will be asked to approve the budget following the formal budget adoption hearing at the August 21, 2014 meeting. PRELIMINARY BUDGET OVERVIEW: GENERAL FUND Enrollment: Revenues: Expenditures: Enrollment has been declining. Estimated enrollment projection for is a 1.97% decline. The District is taking the mid range projection. Adjustments to coding will provide more realistic projections for revenue. Increase levy collection = $1.024M Increased State funding: MSOC, Transportation, Instructional Hours Decreased enrollment = less funding. Decreased District enrollment results in less special education funding (12.7% cap on sped enrollment) Increased Staffing costs. Increased Basic Education Staffing costs due to requirements in LAP grant. Increased All Day Kindergarten costs due to lower tuition rates. Increased budgets per Community Financial Advisory Committee recommendation: Music Equipment Safety Curriculum Intervention Support Technology

2 Page 2 of 3 Facilities Athletics Maintenance & Facility repair costs. Utility costs. Collective Bargaining Agreement costs. CAPITAL PROJECTS FUND Impact fee collection has increased due to an increase in building homes in the area. The funds are restrictive in nature in regards to expenditures. The other money inside this fund is a small balance to pay for repairs and a designated balance for the North Kitsap Regional Events Center. DEBT SERVICE FUND Inside this fund is non-voted and voted debt. The non-voted debt is paid for via a transfer of funds ($189,198) from the General Fund to the Debt Service Fund. The District will have voted debt paid in TRANSPORTATION VEHICLE FUND Money collected will be used to purchase buses (Approximately $465,000) ASSOCIATED STUDENT BODY FUND Estimate of 1.0M in revenue from donations, fundraisers and sales. LEGISLATIVE REVIEW The state continues to make progress to provide ample: support for basic education. During the 2014 legislative session as part of the biennium, the state provided additional funds to K-12 schools. Below is a summary of additional funding provided via the state: Legislative Review Instructional Hours HS Counselor $85,000 Lab Science $216,000 MSOC (Grades 9-12) $290,000 Transportation $155,790 MSOC $615,740 Total Estimated Increased State Revenue $1,362,530

3 Page 3 of 3 The Board was provided a budget update during a study session on April 10 th and financial recommendations were reviewed at the May 8 board meeting. The following expenditures were added to the preliminary budget (these expenditures do not include fixed cost increases, salary and benefit increases or increased negotiation costs): Budget Adjustments Increased Certificated Staffing $950,000 LAP Expenditures Moved to Basic Education $300,000 Technology Infrastructure $100,000 All Day Kindergarten $165,000 CFAC Recommended Budget Adjustments Music Equipment $5,000 Safety $5,000 Curriculum $100,000 Intervention Support $160,000 Technology $100,000 Facilities $50,000 Athletics $30,000 Total Estimated Budget Adjustments $1,965,000 Even though the District will continue to see an enrollment decline, the increased levy and state funding allows for adding expenditures. The preliminary budget shows a growth in fund balance at the end of the school year of approximately $8,673. The actual increase is likely to be higher since the budget assumes all carryover budget dollars will be expended. We will assess this projection after the actual enrollment is determined in September 2014.

4 North Kitsap School District SUMMARY OF BUDGETS FUND YEAR BEGINNING BALANCE REVENUES EXPENDITURES OPERATING TRANSFERS ENDING BALANCE GENERAL: ,049,965 65,915,332 65,717, ,198 6,058, ,746,756 64,185,466 63,940, ,198 3,803,015 CAPITAL PROJECTS , , , , , , , ,950 DEBT SERVICE: ,811,000 8,947,968 9,211, ,198 1,736, ,583 8,646,306 8,148, ,198 1,574,638 ASB: ,674 1,053,401 1,038, , ,128 1,229,983 1,162, ,113 TRANSP VEHICLE: ,621, , , ,204, ,016, , , ,539,628

5 North Kitsap School District GENERAL FUND BUDGET SUMMARY Actual Budget BEG: Committed Minimum Fund Balance 1,678,478 1,863,743 Nonspendable FB-Inventory/Prepaid 986, ,255 Restricted for Self Insurance 24,000 24,000 Restricted for Debt Service 189, ,198 Assigned to Other Purposes 682,596 1,339,560 Beginning Fund Balance 3,560,954 3,746,756 ADD: Revenues 1000 Local Taxes 13,979,395 14,671, Local Non-Tax 2,467,293 2,357, State, General Purpose 31,544,927 32,327, State, Special Purpose 7,573,131 8,899, Federal, General Purpose 1,181, , Federal, Special Purpose 4,294,621 4,885, Revenues from Other Districts 51,337 55, Revenues From Other Agencies Other Financing* 0 0 Total Revenues 61,092,448 64,185,466 TOTAL: Funds Available 64,653,402 67,932,222 LESS: Expenditures 00 Regular Instruction 31,250,543 34,051, Special Education Instruction 8,330,024 8,588, Vocational Instruction 2,679,368 2,537,109 50&60 Compensatory Education 2,316,949 2,706, Other Instructional Programs 549,335 1,177, Community Services 403, , Support Services 13,964,264 14,336,320 Total Expenditures 59,494,470 63,940,009 OTHER FIN. USES TRANS. OUT (GL 536) (189,228) (189,198) Ending Fund Balance 4,969,704 3,803, Budget Summaries/GF Summary6/18/2014 mph

6 North Kitsap School District Revenue Projections Actual Actual Budget Budget Increase (Decrease) 1100 Local Property Tax 13,260,612 13,427,400 13,867,125 14,658, , Timber Excise Tax 6,526 7,528 7,909 12,698 4,789 Total Tax 13,267,138 13,434,928 13,875,034 14,671, , Tuition and Fees 197, , , ,699 (32,601) 2131 Teen Parenting 0 7, ,852 6, Traffic Safety 115, , ,000 0 (123,000) 2179 Tuition and Fees - Kindergarten 290, , , ,215 33, Facilities 49,976 39,043 30,000 35,000 5, Preschool Tuition 44,498 33,336 46,000 37,000 (9,000) 2231 Sec., Voc. Ed. Sale of Goods 47,084 49,578 36,000 47,500 11, Community Services - Pool 197, , , ,250 (55,250) 2298 Food Services 809, , , ,500 4, /89 School Bus Revenue 957 7, Investment Earnings 56,352 32, ,000 27,500 (102,500) 2500 Gifts and Donations 341, , , ,197 (249,803) 2600 Fines and Damages 11,551 13, ,941 13, Rentals 98,118 96, , ,441 (83,428) 2800 Insurance Recoveries 16,336 23, ,000 17,007 (82,993) 2900 Local Support Non-Tax 127, ,932 10,000 81,550 71, E-Rate 187,644 67,429 84,000 93,450 9,450 Total Local Non-Tax 2,590,108 2,489,386 2,939,018 2,357,102 (581,916) 3100 State Apportionment 30,259,775 31,077,601 30,560,749 31,325, , State Special Ed Apportionment 929, , ,258 1,002,764 29, State Forest Total State, General Purpose 31,189,382 32,036,567 31,534,007 32,327, , State Special Purpose - Capacity 3,084 1, , , ,554,281 4,649,733 4,330,105 4,465, , Special Education - Infants & Toddlers , , Middle School Voc 39, Learning Assistance Program 499, , , , , Special Pilot Programs 151, , , ,741 (430,357) 4165 Transitional Bilingual 164, , , , Highly Capable 58,413 60,588 59,321 58,827 (494) 4197 Energy Improvement Grant 350, School Food Service 36,207 39,315 38,970 33,945 (5,025) 4199 Transportation 1,763,690 1,815,271 1,804,693 2,112, ,244 Total State, Special Purpose 7,621,109 7,467,153 7,577,604 8,899,652 1,322, Department of Defense Impact Aid 116, ,591 80,000 75,000 (5,000) 5300 Federal Impact Aid 1,157, , , ,493 (139,064) 5329 Federal Impact Aid - Special Education 121, , , ,776 27, Federal Forests 0 2, Total Federal, General Purpose 1,394,674 1,218,230 1,105, ,269 (116,241) 6100 Other Federal Funds - Capacity , , Federal Stimulus - Title I 204, Federal Stimulus -SFSF 1,374,866 20, Federal Stimulus-Comp Grants 4, Federal Stimulus-Other Grants 12, Federal Special Ed. Grants 1,475,774 1,352,924 1,445,135 1,339,818 (105,317) 6138 Federal Vocational Education 36,023 38,522 25,783 35,000 9, Disadvantaged, Title 1 Part A 517, , , ,850 (43,522) 6152 School Improvement 222, , , ,000 3, Title III LEP and Immigrant 23,707 50,644 33,802 55,928 22, School Food Service 904, , , ,000 6, DODEA Science Grant 0 217, , ,109 (17,551) 6268 Indian Education 101, , , ,442 (3,857) 6269 DODEA Dual Language , ,911 (5,267) 6310 Medicaid Outreach Program 348, , , ,000 (25,000) 6321 Special Ed Medicaid Reimbursement 14,594 24,615 25,000 17,500 (7,500) 6352 Title II OESD USDA Commodities 133, , , ,000 20,000 Total Federal, Special Purpose 5,374,315 3,958,041 5,032,607 4,885,558 (147,049) 7121 Special Education from Other Districts 82,439 20,425 61,000 50,000 (11,000) 7179 Doing What Works Grant 27, Transportation from Other Districts 10,712 5, ,000 5, Agencies and Assoc. Grants 1, OESD Grants , GRAND TOTAL 61,559,871 60,642,135 62,124,780 64,185,466 2,060,686 6/18/2014

7 NORTH KITSAP SCHOOL DISTRICT FINAL ENROLLMENT PROJECTION K HDCT FTE Poulsbo Suquamish Wolfle Pearson Vinland Gordon Gordon Options PAL K Special Programs 0 0 TOTAL K ,607 2,401.0 HEADCOUNT by grade FTE by grade HDCT FTE PMS KMS MSOP PAL CKA TOTAL ,396 1,396 HEADCOUNT by grade FTE by grade HDCT FTE NKHS ,064 1,047.8 KHS PAL Special Programs 0 0 CKA TOTAL ,886 1,841.5 SUBTOTAL ENROLLMENT 5,889 5,638.5 RUNNING START 125 TOTAL PROJECTED ENROLLMENT 5, PROJECTED ENROLLMENT 5,875 PERCENT OF CHANGE %

8 North Kitsap School District Capital Projects Fund Balance Actual Budget Budget Beginning Fund Balance 351, , ,000 ADD: Revenues 1000 Local Taxes Local Non-Tax 4, , , State, General Purpose State, Special Purpose Federal, General Purpose Federal, Special Purpose Revenue from Other Districts Revenue from Other Agencies Other Financing Sources Sales of Surplus Property Long-Term Financing Total Revenues 4, , ,600 TOTAL:Funds Available 356, ,126, ,130,600 LESS: Expenditures 10 Sites 15,018 15,000 15, Buildings 30, , , Equipment 151,843 45,000 45, Energy 2,000 40, Sales and Lease Expenditures 11, Bond Issuance Expenditures Debt Total Expenditures 210, , ,000 Ending Fund Balance 145, , ,600

9 NORTH KITSAP SCHOOL DISTRICT ASSOCIATED STUDENT BODY FUND BUDGET Actual Budget Budget Beginning Fund Balance 495, , ,674 ADD: Revenues 1000 General Student Body 299, , , Athletics 178, , , Classes 5,947 27,200 30, Clubs 136, , , Private Moneys 6,757 31,900 19,200 Total Revenues 627,701 1,229,983 1,053,401 TOTAL: Funds Available 1,123,189 1,682,111 1,429,075 LESS: Expenditures 1000 General Student Body 189, , , Athletics 201, , , Classes 5,618 19,590 21, Clubs 121, , , Private Moneys 8,021 28,500 20,900 Total Expenditures 525,229 1,162,998 1,038,436 Ending Fund Balance 597, , ,639 C:\Users\tcaldwell\AppData\Local\Microsoft\Windows\Temporary Internet Files\Content.Outlook\1CCAOIJS\14-15 Budget Summaries

10 North Kistap School District DEBT SERVICE FUND BALANCE Actual Budget Budget Beginning Fund Balance 2,614, ,583 1,811,000 ADD: Revenues 1000 Local Taxes 8,557,454 8,635,256 8,928, Local Non-tax 12,755 11,050 19, State, General Purpose State, Special Purpose Federal, General Purpose Federal, Special Purpose Other Financing Sources Operating Transfers Total Revenues 8,570,209 8,646,306 8,947,968 Operating Transfer from GF 189, , ,198 TOTAL: Funds Available 11,373,619 9,723,087 10,948,166 LESS: Expenditures 11 Matured Bonds 8,424,582 6,339,545 7,677, Interest on Bonds 1,983,083 1,633,904 1,359, Interfund Loan Fees Bond Transfer Fees Recording Fees (Capacity) 0 175, ,000 Total Expenditures 10,407,665 8,148,449 9,211,882 Ending Fund Balance 965,954 1,574,638 1,736, Budget Summaries1 6/18/2014 plm

11 NORTH KITSAP SCHOOL DISTRICT TRANSPORTATION VEHICLE FUND BUDGET Actual Budget Beginning Fund Balance 1,914,046 2,016,417 ADD: Revenues 2300 Investment Earnings 10,082 8, Insurance Recoveries State Grant Revenue Transportation Reimbursement 458, , Impact Aid Other Financing Sources 15,100 0 Total Revenues 483, ,071 TOTAL: Funds Available 2,397,845 2,489,488 LESS: Expenditures Act. 30 Equipment 581, ,860 Act. 60 Bond Levy Issuance 0 0 Act. 90 Debt 0 0 Total Expenditures 581, ,860 Ending Fund Balance 1,816,122 1,539,628

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