Budget Hearing PRESENTED BY FINANCIAL SERVICES AUGUST 20, 2018

Transcription

1 Budget Hearing PRESENTED BY FINANCIAL SERVICES AUGUST 20,

2 Budget Overview The Texas Education Code requires that every local education agency in Texas prepare and file a budget of anticipated revenues and expenditures with the Texas Education Agency. The State Board of Education requires that this budget be prepared and adopted by August 31 by the Board of Trustees.

3 Assumptions Enrollment 2.9% growth New Campuses: Campbell Elementary, Paetow High School Grade Level Tax Base 2.4% growth

4 Assumptions Salary Increases: Teacher paygrade averaged 2% Non-teacher paygrades 2% of midpoint 1% one-time lump sum payment for all staff Maintenance & Operations Tax Rate: $ Debt Service Tax Rate: $0.37

5 General Fund

6 General Fund - Revenue REVENUES Tax Revenue ($1.1466) $ 443,256,388 Other Local Revenue 13,366,700 State Funding 209,450,746 State TRS Contributions 36,376,443 Federal Revenue 12,699,339 Total Revenues $ 715,149,616

7 General Fund - Revenue 2% 34% Local Revenue State Revenue Federal Revenue 64%

8 General Fund - Expenditures 12% Payroll Costs Non-Payroll Costs 88%

9 General Fund Payroll & Benefits PAYROLL BUDGET Salaries $ 499,491,021 Other Compensation 32,816,896 Benefits 96,733,841 Total Payroll Budget $ 629,041,758

10 General Fund Non-Payroll NON-PAYROLL COSTS Campus & Department Allocations $ 68,341,156 (Utilities, Fuel, Software, Appraisal Fees) Non-Allocations 13,757,208 TIRZ Contribution 4,797,789 Total Non-Payroll Costs $ 86,896,153

11 General Fund Purchased & Contracted Services 5.2% Supplies & Materials 4.7% Other Operating 2.2% Capital Outlay 0% Payroll Costs 87.8%

12 General Fund $500 $450 $400 $350 $300 $250 $200 $468.6 Instruction & Instructional Related Instructional & School Leadership Support Services - Student Administrative Support Services $150 $100 Support Services - Non-Student $50 $0 $45.9 $72.3 $15.3 $88.3 $11.4 Ancillary Services

13 GENERAL FUND Budgeted Fund Balance at September 1, 2018 $ 206,470,936 Revenues Property Taxes and Other Local Revenues 456,623,088 State Program Revenues 245,827,189 Federal Program Revenues 12,699,339 Total Revenues 715,149,616 Expenditures Payroll Costs 616,460,919 Purchased and Contracted Services 36,634,830 Supplies and Materials 33,246,006 Other Operating Expenses 15,258,658 Capital Outlay 222,085 Total Expenditures 701,822,498 Operating Transfers In (Out) (13,268,893) Net Change to Fund Balance 58,225 Budgeted Fund Balance at August 31, 2019 $ 206,529,161

14 Food Service Fund

15 FOOD SERVICE FUND Budgeted Fund Balance at September 1, 2018 $ 4,304,959 Revenues Local Revenues 14,635,000 State Program Revenues 180,000 Federal Program Revenues 16,445,893 Total Revenues 31,260,893 Expenditures Payroll Costs 13,679,905 Purchased and Contracted Services 84,000 Supplies and Materials 18,192,306 Other Operating Expenses 43,900 Capital Outlay Total Expenditures 32,000,111 Operating Transfers In (Out) Net Change to Fund Balance (739,218) Budgeted Fund Balance at August 31, 2019 $ 3,565,741

16 Debt Service Fund

17 DEBT SERVICE FUND Budgeted Fund Balance at September 1, 2018 $ 56,382,357 Revenues Property Taxes ($0.37) Interest Earnings & Other Local State Revenues - ASAHE 143,035,814 1,125,000 1,881,841 Total Revenues 146,042,655 Expenditures Principal Payments * 71,970,000 Interest Payments 85,058,234 Fees - Trust Department and Other 321,766 Total Expenditures 157,350,000 Transfers In (Out) - Capital Projects & GOF Funds 12,048,893 Net Change to Fund Balance 741,548 Budgeted Fund Balance at August 31, 2019 $ 57,123,905 Includes $5M principal defeasance

18 Proposed Official Budget Special Debt General Revenue Service Fund Fund Fund Total Fund Balance at September 1, 2018 $206,470,936 $4,304,959 $56,382,357 $267,158,252 Revenues 5700 Property Taxes and Other Local Revenues 456,623,088 14,635, ,160, ,418, State Program Revenues 245,827, ,000 1,881, ,889, Federal Program Revenues 12,699,339 16,445,893 29,145,232 Total Revenues 715,149,616 31,260, ,042, ,453,164 Expenditures 6100 Payroll Costs 616,460,919 13,679, ,140, Purchased and Contracted Services 36,634,830 84,000 36,718, Supplies and Materials 33,246,006 18,192,306 51,438, Other Operating Expenses 15,258,658 43,900 15,302, Debt Payments 157,350, ,350, Capital Outlay 222, ,085 Total Expenditures 701,822,498 32,000, ,350, ,172,609 Operating Transfers In (Out) (13,268,893) 12,048,893 (1,220,000) Excess (Deficiency) of Revenues 58,225 (739,218) 741,548 60,556 Fund Balance at August 31, 2019 $206,529,161 $3,565,741 $57,123,905 $267,218,808

19 Proposed Budget Revenues Special Debt General Revenue Service Fund Fund Fund Total 5700 Property Taxes and Other Local Revenues 456,623,088 14,635, ,160, ,418, State Program Revenues 245,827, ,000 1,881, ,889, Federal Program Revenues 12,699,339 16,445,893 29,145,232 Total Revenues 715,149,616 31,260, ,042, ,453,164 Expenditures 11 Instruction 450,618, ,618, Instructional Resources and Media Services 8,321,968 8,321, Curriculum and Instructional Staff Development 9,674,450 9,674, Instructional Leadership 5,867,887 5,867, School Leadership 40,054,526 40,054, Guidance, Counseling and Evaluation Services 30,729,373 30,729, Health Services 7,403,791 7,403, Student (Pupil) Transportation 19,476,047 19,476, Food Services 32,000,111 32,000, Co-curricular/Extracurricular Activities 14,714,812 14,714, General Administration 15,298,628 15,298, Plant Maintenance and Operations 65,831,319 65,831, Security and Monitoring Services 8,930,721 8,930, Data Processing Services 13,512,883 13,512, Community Services 323, , Debt Service 157,350, ,350, Facilities Acquisition and Construction 896, , Payments to Fiscal Agents 658, , Payments to Juvenile Justice Education Program 123, , Payments to Tax Increment Fund 4,797,789 4,797, Intergovernmental 4,588,000 4,588,000 Total Expenditures 701,822,498 32,000, ,350, ,172,609 Operating Transfers In (Out) (13,268,893) 12,048,893 (1,220,000) Excess (Deficiency) of Revenues 58,225 (739,218) 741,548 60,555

20 Thank You 20