Thompson School District

Transcription

1 Thompson School District Budget Development February 12, 2014

2 Presentation Overview 1. 14/15 Budget Development Process 2. Board Focus Areas 3. District Budget Overview All Funds 4. General Fund: Revenues a) School Finance Act b) Mill Levy Overrides (MLO) c) Calculations & Comparisons

3 SECTION Budget Development Process

4 BUDGET DEVELOPMENT PROCESS Red Items = 13/14 review and explanation Green Items = updated financial info for 14/15 FEB MAR APR MAY JUN 1. Education, Understanding & History 2. Enrollment & Revenues Update 3. Update of Recurring Costs FTE $ & Non-FTE $ 4. Proposed New Budget Requests FTE & Non-FTE $ 5. Prioritization of Requests by Senior Staff 6. BOE Feedback/Modifications/Direction 7. Public Hearing & BOE Approval Community Forums

5 BUDGET DEVELOPMENT CALENDAR Red Items = 13/14 review and explanation Green Items = updated financial info for 14/15 DATE Feb 12 Feb 19 Mar 5 Mar 12 Mar 19 Apr 9 Apr 16 TOPICS District Budget Process Overview District Budget Overview (All 10 Funds) General Fund Revenue Overview General Fund Budget History 5 Years General Fund Expenditures Overview no budget discussion planned 14/15 General Fund Revenue Projections 14/15 Recurring GF Expense Projections 14/15 New Expenditure Requests no budget discussion planned Non-General Fund Budgets General Fund Updates & New Information DESCRIPTION Review of 14/15 budget development calendar Explanation of all funds using 13/14 budget info. Explanation of GF revenues using 13/14 budget info. Review key budget changes/strategies of recent yrs. Review 13/14 spending categories summary/detail available for additional conversation as needed Expected revenues for 14/15 enrollment, PPR, etc. Updated costs on recurring budgets: FTE $/Non-FTE $ List of new 14/15 requests NOT YET PRIORITIZED available for additional conversation as needed Draft of all Non-General Fund 14/15 budgets SFA-PPR, negotiations, other revenues/costs, etc.

6 BUDGET DEVELOPMENT CALENDAR Red Items = 13/14 review and explanation Green Items = updated financial info for 14/15 DATE May 7 May 14 May 21 May 28 Jun 3 Jun 4 Jun 11 Jun 18 TOPICS Staff Recommendations no budget discussion planned PROPOSED BUDGET per BOE DIRECTIONS COMMUNITY BUDGET DISCUSSION #1 COMMUNITY BUDGET DISCUSSION #2 PUBLIC HEARING OF PROPOSED BUDGET no budget discussion planned BOE ADOPTION OF 14/15 BUDGET DESCRIPTION List of new 14/15 requests AS PRIORITIZED BY STAFF available for additional conversation as needed PER STATUTE date is tentative date is tentative PER STATUTE available for additional conversation as needed PER STATUTE

7 SECTION 2 Board Focus Areas

8 Board of Education s 10 Focus Areas 1. Make TSD the preferred choice for all. 2. Maximize student achievement for all 3. Arts, athletics & co-curricular opportunities. 4. Attract & retain quality employees. 5. Technology for students & staff. 6. Fiscal responsibility, with long range focus. 7. Optimize resources & facilities. 8. Post-secondary readiness. 9. Partner with parents & community. 10. Safe & secure campuses.

9 SECTION 3 District Budget Overview All Funds

10 TSD BUDGET GOVERNMENTAL (A) REVENUES EXPENSES NET GENERAL FUND (5.4) FEDERAL GRANTS STATE & LOCAL GRANTS LAND RESERVE (2.0) FEE SUPPORTED BOND REDEMPTION BUILDING FUND (0.1) - 8 CAPITAL PROJECTS (1.7) TOTALS (9.0) 40.3 PROPRIETARY/FIDUCIARY (A) REVENUES EXPENSES NET NUTRITION SERVICES MEMORIAL TRUST STUDENT ACTIVITIES TOTALS

11 BASIC FUND PURPOSES GOVERNMENTAL DESCRIPTION RESTRICTED? 1 GENERAL FUND Easily the largest fund, also the broadest in scope. No 2 FEDERAL GRANTS Primarily IDEA (42%), Title (30%), and Head Start (15%) Yes 3 STATE & LOCAL GRANTS Primarily EC SPED (44%), Integration Project (15%), GT (15%), ELPA (10%) Yes 4 CAPITAL RESERVE Capital items. 100% funded with GF Transfers. Yes 5 BUILDING FUND Capital items. 100% funded w/periodic debt proceeds (7-10 yrs) Yes 6 LAND RESERVE 100% funded with builders "Payments in Lieu of" land donations. Yes 7 FEE SUPPORTED Primarily Tuition Kinder, Aquatics, Elective Class Fees, Facility Use Yes 8 BOND REDEMPTION 100% to service bonded debt principal & interest payments Yes 9 INTERFUND TRANSFERS Monies moved from one fund to another. Typically from General Fund. PROPRIETARY/FIDUCIARY DESCRIPTION RESTRICTED? 10 NUTRITION SERVICES School breakfast, lunch and snack programs. (Approx 40% Free/Reduced) Yes 11 MEMORIAL TRUST Gifts and scholarships as designated by donor. Yes 12 STUDENT ACTIVITIES Athletics & Activities. Ticket sales, participation fees and assoc. expenses Yes

12 SECTION 4a Colorado School Finance Act

13 SCHOOL FINANCE ACT TOTAL PROGRAM FORMULA FUNDED PUPIL COUNT (FPC) x PER PUPIL REVENUE (PPR) = TOTAL PROGRAM $ 15,013.8 x $6,310 = 94.7 M Per 13/14 District Budget

14 Approximately 40% of State s Budget but declining WHO PAYS FOR TSD SCHOOL FINANCE ACT?

15 13/14 GENERAL FUND REVENUES BUDGET In Millions of $ SFA - PROPERTY TAXES 30.4 SFA - SPECIFIC OWNERSHIP TAX 2.1 SFA - STATE FUNDING MLO - PROPERTY TAXES MLO - PROPERTY TAXES 5.3 SO TAX - OTHER 1.9 CATEGORICAL - SPED 3.2 CATEGORICAL - TRANSPORTATION 1.0 CATEGORICAL - VOC/TECH 0.4 CHARTER BILLINGS SPED, ELL, ADMIN 0.9 OTHER 0.8 TOTAL GENERAL FUND REVENUES % 11% 4%

16 13/14 SCHOOL FINANCE ACT PPR CALCULATIONS Base Funding $5, Cost of Living Factor cost of housing, goods & services Personnel Costs Factor based upon enrollment Size Factor purchasing power differences Range TSD At Risk Funding based upon district s Free & Reduced count 95% of Statewide Weighted Average = Minimum PPR Negative Factor adjust to state s ability to afford, pro-rata 12% - 30% 16.11% 12% 16.11%

17 TSD SCHOOL FINANCE ACT FACTS 17 th largest in CO according to enrollment CO Highest PPR is $15,472 CO Weighted average is $6,652 PPR TSD is one of 14 floor funded districts at $6,310 PPR 5% below the CO weighted average 13/14 TSD SFA revenues are $17 M below statute Over 5 years TSD has lost $60 M versus statute Statewide 13/14 SFA Revenues are $1 B below statute

18 FUNDED PUPIL COUNT (FPC) HISTORY

19 TOTAL PROGRAM $ HISTORY Negative Factor Total = 61 M

20 CATEGORICAL PROGRAM FUNDING Per 13/14 Budget Special Education (1) = $3.06 million Transportation (2) = $1.01 million Vocational Education (2) = $.350 million ELPA (3) = $62,014 Gifted & Talented (3) = $139,370 (1) based upon qualified students (2) based upon qualified expenses (approximately 22%) (3) accounted for in TSD State & Local Grants Fund

21 SECTION 4b TSD MILL LEVY OVERRIDES

22 1999 MLO BALLOT LANGUAGE

23 2006 MLO BALLOT LANGUAGE SHALL THOMPSON SCHOOL DISTRICT R2-J S TAXES BE INCREASED $6,540,000 ANNUALLY (OR SUCH LESSER AMOUNT AS THE BOARD OF EDUCATION MAY ANNUALLY DETERMINE), TO BE DEPOSITED IN THE GENERAL FUND OF THE DISTRICT FOR EDUCATIONAL PURPOSES AS APPROVED BY THE BOARD OF EDUCATION WITH EXPENDITURES REPORTED TO THE PUBLIC ANNUALLY, WHICH PURPOSES SHALL INCLUDE BUT NOT BE LIMITED TO: RESTORING 54 TEACHING POSITIONS IN ORDER TO REDUCE CLASS SIZE AND RETURN THE STUDENT-TEACHER RATIO TO THE LEVEL; MAINTAINING ADVANCED COLLEGE PREPARATORY CLASSES FOR QUALIFIED HIGH SCHOOL STUDENTS; FUNDING UTILITY AND OPERATING COSTS OF NEW SCHOOLS AND ADDITIONS AUTHORIZED IN THE 2005 BOND; SUPPORTING LITERACY AND MATH INSTRUCTION FOR STUDENTS; PROVIDING STUDENTS WITH ADEQUATE ACCESS TO CURRENT COMPUTER COMMUNICATION TECHNOLOGY;

24 MILL LEVY OVERRIDES 1999 MLO (7% GF $) 1 Licensed FTE for class sizes 2 MVHS Operating Costs - FTE & Utilities 3 Technology Replacement Cycle & staffing 4 Counselors & Psychologists Never more than 8.5 mills Maximum of $7.5 million per year Indefinite duration 99 MLO Reserves exhausted in /14 deficit = $1.247 million 2006 MLO (5% GF $) 1 Restore 54 teacher FTE 2 Staff & Utilities - Coyote Ridge Elementary - Ponderosa Elementary - High Plains Elementary - MVHS Addition - Ferguson High School 3 Support Staff - Grounds, Electrician, Bus Driver 4 Instructional Coaches, HS AP's, GT, Spanish in EL 5 Technology - Bandwidth, SIS Software Support Never more than 4.15 mills Maximum of $6.54 million per year Indefinite duration 06 MLO Reserves exhausted in /14 deficit = $1.304 million

25 SECTION 4c CALCULATIONS & COMPARISONS

26 MILL LEVY & TAX CALCULATIONS per certification on DESCRIPTION IN MILLIONS $ MARKET VALUE ASSESSED VALUE MILL LEVY PER $100,000 MARKET VALUE / 1000 REVENUE RESIDENT. NON-RESID. 7.9% 29.0% SCHOOL FINANCE ACT 11,689 1, ,000 29,314,149 $ 178 $ MILL LEVY OVERRIDE 11,689 1, ,000 7,498,968 $ 46 $ MILL LEVY OVERRIDE 11,689 1, ,000 5,440,685 $ 33 $ 120 ABATEMENTS 11,689 1, , ,379 $ 2 $ 6 BOND REDEMPTION 11,689 1, ,000 10,460,536 $ 64 $ 231 TOTALS ,985,718 $ 322 $ 1,172 * Yellow shading indicates that factor is fixed and drives the calculation.

27 TOP 20 DISTRICTS MILLS COMPARISON Mills Levied at DISTRICT FPC Assessed Value SFA Other Override Abate. Bonds TOTAL ADAMS 12 FIVE STAR 41, ,737,241, AURORA 37, ,757,447, ACADEMY 22, ,302,804, CHERRY CREEK 50, ,288,389, LITTLETON 14, ,275,353, POUDRE 26, ,345,713, ST VRAIN 27, ,436,588, JEFFERSON 80, ,949,478, DENVER 77, ,007,267, DOUGLAS 61, ,577,728, WINDSOR 4, ,961, BRIGHTON 15, ,657, FALCON 14, ,717, BOULDER 28, ,732,098, COLORADO SPRINGS 28, ,316,851, HARRISON 10, ,415, THOMPSON 14, ,288,846, GREELEY 19, ,211, MESA VALLEY 20, ,721,134, PUEBLO CITY 16, ,280,

28 OVERRIDE & BONDING CAPACITIES MILL LEVY OVERRIDE CAPACITY CALCULATIONS BONDING CAPACITY CALCULATIONS - HIGHER OF 1 13/14 TOTAL PROGRAM $ ESTIMATE $ 112,773,995 2 CAPACITY FACTOR PER STATUTE 25% 3 TSD MLO CAPACITY $ 28,193,499 9 ASSESSED VALUATION $ 1,311,008, CAPACITY FACTOR PER STATUTE 20% 11 TSD BONDING CAPACITY $ 262,201, MLO $ 7,500, MLO $ 6,540,000 6 CAPACITY COMMITED 14,040, ACTUAL VALUATION $ 11,688,512, CAPACITY FACTOR PER STATUTE 6% 14 TSD BONDING CAPACITY $ 701,310,771 7 CAPACITY AVAILABLE - $ $ 14,153,499 8 CAPACITY AVAILABLE - % 50% 15 CURRENT BONDED DEBT - AS OF $ 101,340, REMAINING CAPACITY - PER ASS.VALUE $ 160,861,691 61% 17 REMAINING CAPACITY - PER ACT.VALUE $ 599,970,771 86% Other Revenue Sources Available 1. Special Building & Technology Override 2. Transportation Override

29 REGIONAL COMPARISONS Funding, Sub-populations, Key Costs TSD POUDRE ST VRAIN GREELEY WINDSOR LITTLETON 1 FUNDED PUPIL COUNT 15,116 26,849 28,012 19,864 4,569 14,858 2 SFA PER PUPIL REVENUE 6,246 6,245 6,467 6,484 6,247 6,337 3 MLO PER PUPIL REVENUE 847 1,304 1, ,783 4 TOTAL PER PUPIL REVENUE 7,093 7,550 7,632 6,484 6,815 8,120 5 PPR DIFF VS TSD FPC (in M $) N/A (9.2) (4.2) AT RISK ELL SPECIAL EDUCATION GIFTED & TALENTED TRANSPORTATION ELEM. AVG. ENROLLMENT ELEM. ENROLL EFFICIENCY

30 Discussion