Proposed Official Budget. Board Public Hearing

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1 Proposed Official Budget Board Public Hearing August 20, 2012

2 Budget Overview 1 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 no later than August 20 and adopted by August 31 by the Board of Trustees. 2

3 Katy Independent School District Budget and Tax Planning Calendar 2 Monday, June 11 Monday, July 16 Monday, July 23 KISD Board Meeting to discuss Preliminary Budget. KISD Board Meeting to discuss Preliminary Budget and to decide on public meeting date on budget and proposed tax rate. Board President to announce the time, date and location. KISD Board to approve newspaper notices to discuss budget and proposed tax rates. Certification of anticipated collection rate by tax collector. Wednesday, July 25 Thursday, August 9 Certification of appraisal roll by Chief Appraisers. Publish "NOTICE OF PUBLIC MEETING TO DISCUSS BUDGET AND PROPOSED TAX RATE" (published 10 to 30 days before public meeting). Post Notice on Katy ISD web-site. Monday, August 20 Tuesday, August 28 Monday, September 24 KISD Board Meeting for public hearing on budget and proposed tax rate. KISD Board Meeting to adopt the budget. KISD Board Meeting to adopt the tax rates.

4 3 Assumptions Enrollment 64,059 (3.14% Increase) New Campuses: Tom Wilson Elementary Fred & Patti Shafer Elementary Ray & Jamie Wolman Elementary Seven Lakes Junior High

5 4 Assumptions Tax Base - $21,905,000,000 (5.57% Increase) Staffing Includes new school staffing plus growth Salaries 3% Average Increase General Fund Tax Rate - $ per $100 valuation Debt Service Tax Rate - $0.40 per $100 valuation

6 General Operating Fund 5

7 General Fund Revenues 6 2.1% 44.4% 53.6% Local Revenue State Revenue Federal Revenue

8 General Fund Revenues 7 REVENUES Tax Revenue $ 242,059,215 TIRZ Revenue - Local 1,883,071 TIRZ Revenue - State 841,415 Other Local Revenue 6,576,300 State Funding 184,808,883 State TRS Contributions 21,486,291 Federal Revenue 9,636,157 Total Revenues $ 467,291,332

9 General Fund Expenditures % Payroll Costs Non-Payroll Costs 87.4%

10 General Fund 9 PAYROLL COSTS Current Teacher Salaries $ 219,070,635 Current Non-Teacher Salaries 87,317,729 New Positions: Teacher Pay Schedule 13,427,446 Non-Teacher Pay Schedule 4,160,874 Salary Increases - 3% Average: Teacher Pay Schedule 6,259,854 Non-Teacher Pay Schedule 2,572,796 Total Payroll $ 332,809,334

11 General Fund 10 OTHER COMPENSATION Salary Supplement (Career Ladder) $ 327,000 Stipends 5,842,700 Substitutes, Teacher 5,597,903 Substitutes, Non-Teacher 1,451,540 Supplemental Pay, Part-time, and Overtime 7,786,159 Total Other Compensation $ 21,005,302

12 General Fund 11 BENEFITS Health & Life Insurance $ 20,696,277 TRS Care Insurance 1,905,631 Medicare and Social Security 4,974,132 Workers Compensation 800,000 Unemployment Compensation 300,000 TRS Statutory Minimum 3,334,245 Local Retirement Leave 567,000 TRS On-Behalf Contributions 21,486,291 Total Benefits $ 54,063,576

13 General Fund 12 PAYROLL BUDGET Salaries $ 332,809,334 Other Compensation 21,005,302 Benefits 54,063,576 Total Payroll Budget $ 407,878,212

14 General Fund 13 NON-PAYROLL COSTS Campus Allocations $ 5,449,370 Department Allocations 43,457,194 (Utilities, Fuel, Software, Appraisal Fees) Non-Allocations 7,307,808 TIRZ Contribution 2,724,486 Total Non-Payroll Costs $ 58,938,858

15 GENERAL FUND 14 Budgeted Fund Balance at September 1, 2012 $ 116,832,942 Revenues Property Taxes and Other Local Revenues 250,518,586 State Program Revenues 207,136,589 Federal Program Revenues 9,636,157 Total Revenues 467,291,332 Expenditures Payroll Costs 407,878,212 Non-Payroll Costs 58,938,858 Adjustment for Underspending (2%) (9,231,853) Total Expenditures 457,585,217 Operating Transfers In 500,000 Operating Transfers (Out) (4,737,982) Net Change to Fund Balance 5,468,133 Budgeted Fund Balance at August 31, 2013 $ 122,301,075

16 15 Special Revenue Fund Food Service

17 FOOD SERVICE FUND 16 Budgeted Fund Balance at September 1, 2012 $ 5,702,222 Revenues Local Revenues 14,487,820 State Program Revenues 158,570 Federal Program Revenues 11,637,304 Total Revenues 26,283,694 Expenditures Payroll Costs 8,830,882 Purchased and Contracted Services 85,000 Supplies and Materials 16,120,500 Other Operating Expenses 15,000 Capital Outlay 3,600,000 Total Expenditures 28,651,382 Operating Transfers In (Out) Net Change to Fund Balance (2,367,688) Budgeted Fund Balance at August 31, 2013 $ 3,334,534

18 Debt Service Fund 17

19 DEBT SERVICE FUND 18 Budgeted Fund Balance at September 1, 2012 $ 43,078,961 Revenues Local Revenues Property Taxes 86,611,854 Interest Earnings 250,000 Total Local Revenues 86,861,854 State Program Revenues Instructional Facilities Allotment 388,174 Existing Debt Allotment 2,282,652 Total State Program Revenues 2,670,826 Total Revenues 89,532,680 Expenditures Principal & Interest Payments 90,848,306 Fees - Trust Department and Other 316,694 Total Expenditures 91,165,000 Transfers In (Out) - Capital Projects & GOF Funds 3,482,982 Net Change to Fund Balance 1,850,662 Budgeted Fund Balance at August 31, 2013 $ 44,929,623

20 19 Special Debt General Revenue Service Fund Fund Fund Total Fund Balance at September 1, 2012 $ 116,832,942 $ 5,702,222 $ 43,078,961 $ 165,614,125 Revenues Property Taxes & Other Local Revenue 250,518,586 14,487,820 86,861, ,868,260 State Program Revenues 207,136, ,570 2,670, ,965,985 Federal Program Revenues 9,636,157 11,637,304 21,273,461 Total Revenues Proposed Official Budget ,291,332 26,283,694 89,532, ,107,706 Expenditures Payroll Costs 407,878,212 8,830, ,709,094 Non-Payroll Costs 58,938,858 19,820,500 91,165, ,924,358 Adjustment for Underspending (2%) (9,231,853) (9,231,853) Total Expenditures 457,585,217 28,651,382 91,165, ,401,599 Operating Transfers In (Out) (4,237,982) 3,482,982 (755,000) Net Change To Fund Balance 5,468,133 (2,367,688) 1,850,662 4,951,107 Fund Balance at August 31, 2013 $ 122,301,075 $ 3,334,534 $ 44,929,623 $ 170,565,232

21 TEA Format 20

22 21 Proposed Official Budget Special Debt General Revenue Service Fund Fund Fund Total Fund Balance at September 1, 2012 $116,832,942 $5,702,222 $ 43,078,961 $165,614,125 Revenues Property Taxes & Other Local Revenue State Program Revenues Federal Program Revenues Total Revenues Expenditures Payroll Costs Purchases & Contracted Services Supplies & Materials Other Operating Expenses Debt Payments Capital Outlay Total Expenditures 250,518,586 14,487,820 86,861, ,868, ,136, ,570 2,670, ,965,985 9,636,157 11,637, ,273, ,291,332 26,283,694 89,532, ,107, ,720,647 8,830, ,551,529 25,252,742 85,000 25,337,742 23,400,779 16,120,500 39,521,279 8,572,383 15,000 8,587,383 91,165,000 91,165, ,666 3,600,000 4,238, ,585,217 28,651,382 91,165, ,401,599 Operating Transfers In (Out) (4,237,982) 3,482,982 (755,000) Net Change to Fund Balance 5,468,133 (2,367,688) 1,850,662 4,951,107 Fund Balance at August 31, 2013 $122,301,075 $3,334,534 $ 44,929,623 $170,565,232

23 Proposed Official Budget Special Debt General Revenue Service Fund Fund Fund Total 22 Fund Balance at September 1, 2012 $116,832,942 $5,702,222 $43,078,961 $165,614,125 Revenues: Property Taxes and Other Local Revenues 250,518,586 14,487,820 86,861, ,868,260 State Program Revenues 207,136, ,570 2,670, ,965,985 Federal Program Revenues 9,636,157 11,637,304 21,273,461 Total Revenues 467,291,332 26,283,694 89,532, ,107,706 Expenditures: 11 Instruction 292,621, ,621, Instructional Resources & Media Services 6,193,739 6,193, Curriculum & Instructional Staff Development 5,409,184 5,409, Instructional Leadership 3,873,570 3,873, School Leadership 27,506,502 27,506, Guidance, Counseling & Evaluation Services 18,250,925 18,250, Health Services 4,508,342 4,508, Student (Pupil) Transportation 15,545,767 15,545, Food Services 27,651,382 27,651, Co curricular/extracurricular Activities 9,394,278 9,394, General Administration 10,033,425 10,033, Plant Maintenance & Operations 43,880,892 43,880, Security & Monitoring Services 5,246,282 5,246, Data Processing Services 8,347,487 8,347, Community Services 609, , Debt Service 91,165,000 91,165, Facilities Acquisition & Construction 804,258 1,000,000 1,804, Payments to Juvenile Justice Education 135, , Payments to Tax Increment Fund 2,724,486 2,724, Intergovernmental 2,500,000 2,500,000 Total Expenditures 457,585,217 28,651,382 91,165, ,401,599 Operating Transfers In (Out) (4,237,982) 3,482,982 (755,000) Excess (Deficiency) of Revenues 5,468,133 (2,367,688) 1,850,662 4,951,107 Fund Balance at August 31, 2013 $122,301,075 $3,334,534 $44,929,623 $170,565,232

24 Questions 23

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Budget Hearing PRESENTED BY FINANCIAL SERVICES AUGUST 21, 2017

2017-18 Budget Hearing PRESENTED BY FINANCIAL SERVICES AUGUST 21, 2017 1 2017-18 Budget Overview The Texas Education Code requires that every local education agency in Texas prepare and file a budget of