Budget Hearing PRESENTED BY FINANCIAL SERVICES AUGUST 21, 2017

Transcription

1 Budget Hearing PRESENTED BY FINANCIAL SERVICES AUGUST 21,

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% growth to 77,233 New Campuses: Bryant Elementary, Stockdick Junior High, Paetow High School Tax Base 6.2% growth to $38,650,000,000

4 Assumptions Salary Increases: Teacher paygrade averaged 3.16% Non-teacher paygrades 3% of midpoint Maintenance & Operations Tax Rate: $ Debt Service Tax Rate: $0.39

5 General Fund

6 General Fund - Revenue REVENUES Tax Revenue ($1.1266) $ 426,550,505 Other Local Revenue 11,085,000 State Funding 182,218,297 State TRS Contributions 34,830,262 Federal Revenue 20,090,765 Total Revenues $ 674,774,829

7 General Fund - Revenue 3% 32% Local Revenue State Revenue Federal Revenue 65%

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

9 General Fund Payroll & Benefits PAYROLL BUDGET Salaries $ 472,944,541 Other Compensation 30,010,652 Benefits 92,738,602 Total Payroll Budget $ 595,693,795

10 General Fund Non-Payroll NON-PAYROLL COSTS Campus & Department Allocations $ 63,692,247 (Utilities, Fuel, Software, Appraisal Fees) Non-Allocations 14,363,592 TIRZ Contribution 3,520,130 Total Non-Payroll Costs $ 81,575,969

11 General Fund Purchased & Contracted Services 5.5% Supplies & Materials 4.8% Other Operating 1.7% Capital Outlay 0% Payroll Costs 87.9%

12 General Fund $500 $450 $400 $350 $300 $250 $200 $445.9 Instruction & Instructional Related Instructional & School Leadership Support Services - Student Administrative Support Services $150 $100 Support Services - Non-Student $50 $0 $44.4 $68.3 $13.0 $82.1 $10.1 Ancillary Services

13 GENERAL FUND Budgeted Fund Balance at September 1, 2017 $ 194,908,158 Revenues Property Taxes and Other Local Revenues 437,635,505 State Program Revenues 217,048,559 Federal Program Revenues 20,090,765 Total Revenues 674,774,829 Expenditures Payroll Costs 583,779,919 Purchased and Contracted Services 36,620,093 Supplies and Materials 31,788,476 Other Operating Expenses 11,520,660 Capital Outlay 188,062 Total Expenditures 663,897,210 Operating Transfers In (Out) (5,514,560) Net Change to Fund Balance 5,363,059 Budgeted Fund Balance at August 31, 2018 $ 200,271,217

14 Food Service Fund

15 FOOD SERVICE FUND Budgeted Fund Balance at September 1, 2017 $ 4,031,743 Revenues Local Revenues 15,353,000 State Program Revenues 172,000 Federal Program Revenues 14,240,205 Total Revenues 29,765,205 Expenditures Payroll Costs 13,055,513 Purchased and Contracted Services 78,936 Supplies and Materials 17,719,628 Other Operating Expenses 43,700 Capital Outlay 730,000 Total Expenditures 31,627,777 Operating Transfers In (Out) Net Change to Fund Balance (1,862,572) Budgeted Fund Balance at August 31, 2018 $ 2,169,171

16 Debt Service Fund

17 DEBT SERVICE FUND Budgeted Fund Balance at September 1, 2017 $ 54,001,099 Revenues Property Taxes ($0.39) Interest Earnings & Other Local State Revenues - ASAHE 147,660, ,612 1,800,000 Total Revenues 150,067,447 Expenditures Principal Payments * 71,306,790 Interest Payments 79,368,006 Fees - Trust Department and Other 312,285 Total Expenditures 150,987,081 Transfers In (Out) - Capital Projects & GOF Funds 3,414,560 Net Change to Fund Balance 2,494,926 Budgeted Fund Balance at August 31, 2018 $ 56,496,025 Includes $20M principal defeasance

18 Special Debt General Revenue Service Fund Fund Fund Total Fund Balance at September 1, 2017 $194,908,158 $4,031,743 $54,001,099 $252,941,000 Revenues 5700 Property Taxes and Other Local Revenues 437,635,505 15,353, ,267, ,255, State Program Revenues 217,048, ,000 1,800, ,020, Federal Program Revenues 20,090,765 14,240,205 34,330,970 Total Revenues 674,774,829 29,765, ,067, ,607,481 Expenditures Proposed Official Budget Payroll Costs 583,779,919 13,055, ,835, Purchased and Contracted Services 36,620,093 78,936 36,699, Supplies and Materials 31,788,476 17,719,628 49,508, Other Operating Expenses 11,520,660 43,700 11,564, Debt Payments 150,987, ,987, Capital Outlay 188, , ,062 Total Expenditures 663,897,210 31,627, ,987, ,512,068 Operating Transfers In (Out) (5,514,560) 3,414,560 (2,100,000) Excess (Deficiency) of Revenues 5,363,059 (1,862,572) 2,494,926 5,995,414 Fund Balance at August 31, 2018 $200,271,217 $2,169,171 $56,496,025 $258,936,414

19 Proposed Budget Revenues Special Debt General Revenue Service Fund Fund Fund Total 5700 Property Taxes and Other Local Revenues 437,635,505 15,353, ,267, ,255, State Program Revenues 217,048, ,000 1,800, ,020, Federal Program Revenues 20,090,765 14,240,205 34,330,970 Total Revenues 674,774,829 29,765, ,067, ,607,481 Expenditures 11 Instruction 428,700, ,700, Instructional Resources and Media Services 8,189,483 8,189, Curriculum and Instructional Staff Development 9,017,056 9,017, Instructional Leadership 5,573,036 5,573, School Leadership 38,873,775 38,873, Guidance, Counseling and Evaluation Services 28,152,842 28,152, Health Services 6,692,130 6,692, Student (Pupil) Transportation 19,511,287 19,511, Food Services 30,897,777 30,897, Co-curricular/Extracurricular Activities 13,922,103 13,922, General Administration 13,013,832 13,013, Plant Maintenance and Operations 60,991,342 60,991, Security and Monitoring Services 7,922,547 7,922, Data Processing Services 13,229,700 13,229, Community Services 356, , Debt Service 150,987, ,987, Facilities Acquisition and Construction 1,108, ,000 1,838, Payments to Fiscal Agents 658, , Payments to Juvenile Justice Education Program 138, , Payments to Tax Increment Fund 3,520,130 3,520, Intergovernmental 4,325,000 4,325,000 Total Expenditures 663,897,210 31,627, ,987, ,512,068 Operating Transfers In (Out) (5,514,560) 3,414,560 (2,100,000) Excess (Deficiency) of Revenues 5,363,059 (1,862,572) 2,494,926 5,995,413

20 Thank You 20