2016 Budget CENTER GROVE COMMUNITY SCHOOL CORPORATION. Budget Hearing September 24, 2015

Transcription

1 2016 Budget CENTER GROVE COMMUNITY SCHOOL CORPORATION Budget Hearing September 24, 2015

2 Budget Adoption Calendar September 4, 2015 Budget Advertised September 24, 2015 October 6, 2015 Budget Hearing Bus Replacement Plan Hearing Capital Projects Plan Hearing Budget Adoption by the Board Bus Replacement Plan Adoption Capital Projects Plan Adoption 9/16/2013 2

3 Complete Budget Available Online Go to 3

4 Agenda 2016 Major Budget Issues Enrollment Changes Gateway: State Budget Website Budget Levy Tax Rate Major Changes in the General Fund Capital Projects Fund (CPF) Needs Summary and Conclusions Total Budget Amounts Total Tax Rates Operating Balance Summary 4

5 Major Issues: Enrollment Changes Past Data and Count on As of Enrollment 7,551 7,618 7,665 7,595 7,584 7,713 7,749 7,912 Change from Previous Year Note: Enrollment on is still an unofficial estimate. 5

6 Most Up-to-Date Enrollment Data Funding based on official enrollment date: Preliminary enrollment: 7,909 on May be minor changes before final report Basis of advertised budget: 7,910 We will continue to monitor enrollment until the final ADM report is submitted. State Funding Formula = approx. $5,000 per student 6

7 Major Issues: Gateway: State Budget Website On-line portal for the public access to governmental data Developed by DLGF, State Board of Accounts, and Indiana Business Research Center at IU More than 2,400 current government units (cities, towns, counties, etc.) submit data to Gateway Schools (and other government units) submit budget data and Gateway creates all budget forms Public can access data online after DLGF review/certification 7

8 How Do You Access Gateway? Go to Select Johnson County and Schools. Select Center Grove Schools from the list Many reports available to review and compare data 8

9 Major Issues: Budget Levy Tax Rate Budget: The total revenue we are projected to receive and the total spending authority we have that has been approved by the State Department of Local and Government Finance (DLGF) Levy: That portion of the revenue that comes from local property tax Tax Rate: The property tax rate that is required to raise the levy that has been approved 9

10 Major Issues: Budget Levy Tax Rate (Cont.) Each of these 3 must be approved by the State Department of Local and Government Finance (DLGF). There is a complex calculation for each fund, starting with the Budget and working down to the tax rate. The rules for each fund are different because of the legal restrictions. Fund Capital Projects Transportation Bus Replacement Debt Service Legally Restricted Tax Rate Levy Levy Budget Once we advertise our budgets, we can t increase the budget, levy, or tax rate, but we can reduce them. As a result, we always advertise levies and rates that are a little high, in case we have made an error in our calculations. This year we will also advertise a higher Capital Projects budget because a new law has changed the calculations. 10

11 Major Issues: Major Changes in the General Fund 2015 Income Budget $45,080, New Income +$2,600, Income Budget $47,680, Expense Budget $45,510, New Expenses +$2,450, Expense Budget $47,960, Budget -$430, Budget -$280,000 11

12 Major Issues: Major Changes in the General Fund Object Description Change for Certified Salaries +$1,068, Non-Cert. Salaries +$375, /136 Substitutes +$52, /212 FICA +$103, PERF and TRF +$184, Health Insurance (due to added staff; no rate change) +$358, Dental/Vision Insurance (due to added staff) +$29, Services (Auditorium Manager moved to contract) +$35, JCSS (fee increase) +$46, Supplies +$21, /625 Utilities +$120,000 All other accounts + $54,994 $2,450,000 Total Increase in the 2016 Budget 12

13 Changes in Staff for School Year Instructional Staff Change Other Staff Change Special Education Teachers +3.0 Special Education Secretary +1.0 Elementary Teachers +5.0 HR Specialist +1.0 Middle School Teachers +2.0 CGES Office Asst KG Classroom Assistants Asst. Director Curriculum +1.0 GR 1-5 Classroom Assistants +2.5 High School Asst. Principal +1.0 Instructional Coaches +8.0 MGES Asst. to the Principal -1.0 On-line Coordinator -1.0 Maintenance Director -1.0 Total Total

14 2016 General Fund Budget Overall Status As advertised, revenue would be less than expenses by $280,000. We will continue to monitor enrollment, which might change this number slightly. Any shortage in revenue for 2016 will come from cash balance. 14

15 Major Issues: Capital Projects Fund (CPF) Needs $ Revenue in CPF and Bonds (All figures are millions of dollars) $ $8.000 $6.000 $4.000 $2.000 $ Bonds $1.900 $3.905 $3.970 $3.720 $3.960 $3.970 $3.975 $3.975 CPF $8.019 $8.194 $7.211 $7.046 $6.387 $6.297 $6.559 $6.773 $6.731 $

16 Total 2016 Expenses CPF and Bonds Category Amount Technology $3,613,751 Equipment $1,116,500 Utilities $1,297,873 Maintenance $1,462,000 Energy Savings $471,988 Emergency Account $120,000 Professional Fees $208,388 Building Improvement Projects $2,714,500 Totals $11,005,000 16

17 2016 CPF Projects Annual Maintenance Projects CPF 2016 Bonds Painting/Wallcoverings $15,000 2 Carpeting/VCT $25,000 $40,000 3 Site Projects $125,000 4 Asphalt Repairs/Resurfacing $165,000 $100,000 5 Roofing/Building Exterior $175,000 $3,000 6 Athletic Projects/Fields $25,000 7 Misc. Building Improvements $190,000 8 Refinish Gym Floors $30,500 9 Traffic Control $50, Sidewalk/Landscaping Repairs $139,000 $27, Fencing/Gates $45, Security Cameras/ID Systems $80, Miscellaneous Classroom Projects $75, Playground Development $200, Access Control Upgrades $25,000 $25,000 Specific Projects for Warehouse Building - Operations Center $150, Geothermal Conversion - PRC $200, Renovation at IT Center $50, Replace Fire Alarm - PRC $50,000 Energy Savings Projects Boiler/Chiller/HVAC Equipment Replacement $242, Lighting Retrofits $215, Mechanical and Temperature Control $247,000 Totals $764,500 $1,950,000 17

18 2016 Technology Projects Technology Projects CPF 2016 Bonds Staffing $1,280,851 2 Miscellaneous $38,900 3 Other Equipment Purchases $82,000 4 Network Charges and Upgrades $78,000 $10,000 5 Purchases Software/Licenses $81,000 6 Maintenance/Software Contracts $802,000 7 Contracted Repairs $13,000 8 Replace Out of Warranty Machines $255,000 9 High School 1:1 Project $350, nd Grade 1:1 Project $150, Infrastructure Hardware Purchases $120, Innovation Center $100, District-Wide Hardware Purchases $190,000 Notes: Totals $1,600,751 $1,950,000 2 Includes things like furniture and professional development 3 Includes things like AV equipment and mobile device cases 4 Includes routine access charges and equipment upgrades 13 Includes things like netbook replacement and multimedia classroom upgrades 18

19 Agenda 2016 Major Budget Issues Enrollment Changes Gateway: State Budget Website Budget Levy Tax Rate Major Changes in the General Fund Capital Projects Fund (CPF) Needs Summary and Conclusions Total Budget Amounts Total Tax Rates Operating Balance Summary 19

20 Summary: Budget Comparison Budget 2016 Budget Change Percent General Fund $45,510,000 $47,960,000 +$2,450, % Capital Projects $6,730,925 $7,030,000 +$299, % Transportation $3,640,000 $3,730,000 +$90, % Bus Replacement $986,284 $1,080,000 +$93, % Debt Service $12,878,516 $14,620,000 +$1,741, % Total $69,745,725 $74,420,000 +$4,674, % 20

21 Summary: Bus Replacement Plan Year No. of Buses Owned No. of Buses to be Replaced Total Estimated Replacement Cost ,080, , , , , , , , , , , ,941,175 The proposed plan includes additional school buses or school buses with larger seating capacity as compared with the prior school year. Evidence of a demand for increased transportation services is detailed in the proposed plan. School corporation certifies/affirms that the additional buses it plans to acquire are for the purpose of replacement or having larger seating capacity. Number of Additional Buses: 1 Cost of Additional Buses: $108,000 SOURCES AND ESTIMATES OF REVENUE ) Projected January 1 Cash Balance 85,795 2) Less: Encumbrances Carried Forward from Previous Year - 3) Estimated Cash Balance Available for Plan (Line 1 minus Line 2) 85,795 4) Property Tax Revenue 990,592 5) Auto Excise, CVET and FIT receipts 83,613 6) Other Revenue - TOTAL FUNDS AVAILABLE FOR PLAN (Add lines 3, 4, 5 and 6) 1,160,000 21

22 Summary: Comparison Tax Rates Capital Projects $ $ $ $ Transportation $ $ $ $ Bus Replacement $ $ $ $ Debt Service $ $ $ $ Total $ $ $ $ * Rates for 2016 are only estimates Rate 2016 Rate* Change Adver.** ** The right column is the advertised rate. We always advertise high to guard against errors in estimation or procedures. 22

23 Center Grove Schools Tax Rate $ $ $ $ $ $ $ $ $ General Fund Tax Rate Gone

24 Johnson County 2015 Tax Rate Comparison Clark Pleasant $ Franklin $ Edinburgh $ Center Grove $ Greenwood $ Nineveh $ $ $ $ $ $ $ $ $ $ $ $

25 Impact-Sample Homeowner Gross A.V. $300,000 $300,000 Assume a $300,000 home 2014, pay 2015 The tax bill for this $300,000 house would decrease by $29. (Tax rates and bills reference school taxes only.) - Homestead Deduction ($45,000) ($45,000) - New Supplemental Ded. (35%) ($89,250) ($89,250) - Mortgage Deduction ($3,000) ($3,000) Equals Net A.V. $162,750 $162,750 School District Tax Rate $ $ School Taxes Before Tax Cap $1,620 $1,588 School Taxes After Tax Cap $1,433 $1,404 25

26 Percent of Budget Summary: General Fund Operating Balance % 8% 6% Projected 4% 2% 8.7% 6.4% 5.5% 4.0% 6.3% 7.4% 4.8% 4.8% 4.4% 0% Millions $3.57 $2.67 $2.38 $1.72 $2.65 $3.08 $2.10 $2.12 $2.00 Percent 8.7% 6.4% 5.5% 4.0% 6.3% 7.4% 4.8% 4.8% 4.4% 26

27 Summary: Budget Summary-Key Facts Increase in General Fund expenses: $2,450,000 Revenue shortfall in General Fund: $280,000 Increase in all 5 funds combined: $4,674,275 (6.7%) We will be monitoring enrollment closely and report again when we have the final number. Total tax rate decrease for 2016: $.0199 (2.0%) 27

28 Complete Budget Available on Our Website Go to Dr. Paul Gabriel Chief Financial Officer Ms. Stacy Conrad Director of Communications

29 2016 Budget Update CENTER GROVE COMMUNITY SCHOOL CORPORATION Enrollment General Fund 29

30 Enrollment Count Fall Past Data and Count on As of Enrollment 7,551 7,618 7,665 7,595 7,584 7,713 7,749 7,924 Change from Previous Year Note: Enrollment on is still an unofficial estimate. 30

31 2016 Budget: General Fund Revisions Income changes Advertised budget -- Based on 7,910 students Final expected count -- 7,924 students We receive about $5,000 per ADM Revenue increase: $70,000 Expense changes Providing raises to staff as presented tonight This will add $100,000 to the 2016 General Fund 31

32 General Fund Original Estimate: As Presented on September 24, Income Budget $45,080, New Income +$2,600, Income Budget $47,680, Expense Budget $45,510, New Expenses +$2,450, Expense Budget $47,960, Budget -$430, Budget -$280,000 32

33 General Fund Revised: As of October 6, Income Budget $45,080, New Income +$2,670, Income Budget $47,750, Expense Budget $45,510, New Expenses +$2,550, Expense Budget $48,060, Budget -$430, Budget -$310,000 33

34 Complete Budget Available on Our Website Go to Dr. Paul Gabriel Chief Financial Officer Ms. Stacy Conrad Director of Communications

35 Average Class Size Across the District by Year Grade Level Est K

36 Changes in Salary Accounts for 2015 Certified Staff Change Non-Certified Staff Change 6.5 New Teaching Positions +$240,000 Nurses Re-org +$90,000 New Asst. to Prin. at MGES +$50,000 Provision for 2.5% raises $160,000 New Counselor at H.S. +$60,000 Other Staff Adjustments +$90,000 Other Administrative Adjust. +$30,000 Security Serv. Moved to Grant -$50,000 Provision for 2.5% raises +$580,000 Savings from retire/resign -$400,000 Total +$560,000 Total +$290,000 36