Palo Alto Unified School District

Transcription

1 Fiscal Facts As of 9/23/14

2 Board of Education Barb Mitchell, President Melissa Baten Caswell, Vice President Heidi Emberling Dana Tom Camille Townsend Central Administration Glenn Max McGee, Ph.D., Superintendent Charles Young, Ed.D., Associate Superintendent Educational Services Scott Bowers, Ed.D., Assistant Superintendent Human Resources Cathy Mak, M.B.A., Chief Business Officer Business Services Bob Golton, Ph.D., Bond Program Manager Business Services Elementary Schools (K-5) Enrollment Addison 650 Addison Ave. 462 Barron Park* 800 Barron Ave. 340 Juana Briones 4100 Orme St. 347 Duveneck 705 Alester Ave. 483 El Carmelo 3024 Bryant St. 404 Escondido 890 Escondido Rd. 576 Fairmeadow 500 E. Meadow Dr. 544 Walter Hays 1525 Middlefield Rd. 516 Hoover 445 E. Charleston Rd. 403 Lucille Nixon 1711 Stanford Ave. 475 Ohlone 950 Amarillo Ave. 608 Palo Verde 3450 Louis Rd. 405 Greendell (Young Fives & Transitional Kindergarten) 4120 Middlefield Rd. 100 Middle Schools (6-8) Jordan 750 N. California Ave J.L. Stanford 460 E. Meadow Dr Terman 655 Arastradero Rd. 720 High Schools (9-12) Gunn 780 Arastradero Rd Palo Alto 50 Embarcadero Rd Alternative Programs 134

3 PAUSD Enrollment History PAUSD enrollment declined from 15,575 students in 1967 to 7,452 students in Starting 1990, enrollment in the elementary grades began to rise. As these students have progressed through the grades, PAUSD enrollment has increased at all school levels. Current enrollment is 12,532. PAUSD Enrollment History and Projections 18,000 (Projections include Alta Vista, Children's Hospital, and Middle College) 16,000 15,575 (67-68) 14,000 12,532 (14-15) 12,000 10,000 8,000 7,452 (89-90) 6,000 4,000 2, Actual Enrollment Conservative Projection Moderate Projection Enrollment PAUSD 14th Day Enrollment (Source of Projections: DecisioinInsite Report Average Between Medium and High Projections, includes Alternative Program, Middle College, and SAI Students) 14,000 12,000 11,172 11,431 11,565 12,024 12,140 12,396 12,483 12,532 10,000 8,000 6,000 4,000 2,000 0 Actual Actual Actual Actual Actual Actual Actual Actual Elementary Middle School High School

4 Budget The District is required by law to adopt a budget by July 1 each year. Budget revisions are made throughout the year. The budget was adopted by the Board of Education on June 17, The revised budget as of September 23, 2014 is as follows. Fund 03 to 08 General Fund 185,048,947 Fund Adult Education 1,866,655 Fund Child Development 452,388 Fund Cafeteria 2,378,740 Fund Deferred Maintenance 900,000 Fund Retiree Benefits 80,000 Fund Property Fund 59,000 Fund Strong Schools Bonds* 380,344,038 Fund /6 Planned Maintenance 2,124,411 Fund School Impact Fees 186,309 Fund Dental Insurance 2,041,000 Fund Workers' Compensation 1,100,000 *Total Master Plan Budget School Districts in California are either Community Funded, also known as Basic Aid, or State Funded, also known as Local Control Funding Formula (LCFF) funded. LCFF districts are those that do not have sufficient local property taxes to meet the minimum state funding level. The State provides the balance needed to meet that level. These districts have little concern about revenue from property taxes because their funding is back-filled by the State. is a Community Funded District. We receive our funding primarily from local property taxes. In , the projection for property tax revenue is million more than if the district were LCFF funded.

5 Basic Aid Reserve The District has a Basic Aid Reserve Policy. The targeted reserve amount is equal to 10% of general fund budget expenditures. The recommended 10% Basic Aid Reserve would include the 3% state required reserve for economic uncertainties in the General Fund and the 7% in the Basic Aid Reserve Fund. PAUSD is projecting 185,048,947 of expenditures and transfers out. The current fund balance in the Basic Aid Reserve is 12,943,422 and the reserve amount is fully funded. Revenue Highlights Budget Highlights State has rolled over 40 categorical programs and the traditional revenue limit into a new distribution model called Local Control Funding Formula. PAUSD receives 2.5 million which is composed of 9.9 million of state categorical programs less the 7.4 million State fair share reduction. Education Protection Account at 200 per ADA 6.36% projected increase in property tax revenues Lottery revenue projected at 128 per ADA Parcel tax revenue projected at 12 million Expenditure Highlights CalSTRS rate for employers include a 0.63% increase (current rate 8.88%) in and continue to increase until it reaches 19.1% in FTE teacher positions to accommodate the increase in enrollment Program and other augmentations of 3 million Additional staffing to reduce class size at middle and high schools Additional reading specialist at elementary schools School Resource Officer Substitute rate increase Continue support for staff development Education Protection Account funds are reserved for sites technology purchases and classroom teachers.

6 is community funded. Its primary source of revenue is property taxes. In , PAUSD projects the following breakdown of revenues: 72% property taxes, 7% State, 7% parcel taxes, 5% lease revenues, 4% local donations, 3% Partners in Education, and 2% Federal. For , property tax growth is projected at 6.36% over the prior year. Also, approximately 2% of the State revenues included above are one time funds. Since 2008, the State has implemented a basic aid fair share reduction which is currently at 7.4 million, which represents 4% of the General Fund revenue. PAUSD currently receives one third less in on-going State funding compared to While revenues from the state and federal governments decline, local revenues inched upward over the recent years Budget Revenue Sources Property Taxes, 71.7% State Revenue, 7.5% Transfers In, 0.1% Federal Revenue, 1.7% Other Local Revenue, 4.1% Parcel Tax, 6.6% PIE Revenue, 2.6% Lease Revenue, 5.7% The bulk of the District s revenues (84%) are spent on employee salaries and benefits. The remaining 16% of the budget is spent on contracted services, supplies and materials, capital outlay, and other expenses. Unified school districts are required by law to spend at least 55% of total expenditures on classroom-related expenses including teachers and teacher aides. The District maintains a ration of well over 60% Budget Expenses Salaries and Benefits, 84.3% Transfers Out, 0.5% Capital Outlay, 0.1% Services and Other Operating Expenses, 10.5% Supplies and Materials, 4.6%

7 Growth The following charts show property tax, enrollment, and property tax dollars per student for. The projected enrollment for is 12,532. The majority of funding comes from property taxes, independent of enrollment. As enrollment increases, it has the effect of diluting the available property tax dollars per student. The property tax revenue growth reflects the cyclical nature of both the economy and real estate market in Silicon Valley. Year is the third year of an up cycle. While the economic outlook continues to improve, we do not know when the next economic downturn will hit % 12.77% Total Property Tax Growth 12.00% 11.15% 10.00% 9.99% 8.00% 6.00% 5.62% 8.19% 6.96% 7.14% 6.13% 7.27% 6.36% 4.00% 2.00% 0.36% 2.92% 1.61% 0.77% 0.00% * 3.50% 3.00% 2.50% 2.00% 1.50% Enrollment Growth 2.16% 2.15% 2.32% 2.11% 2.00% 1.87% 1.96% 1.54% 2.95% 2.18% 1.00% 0.90% 0.70% 0.50% 0.39% 0.00% -0.79% -0.50% -1.00% * Total Property Tax Revenue Per Student 16.00% 14.00% 13.67% 12.00% 10.00% 8.00% 6.00% 4.00% 3.55% 6.11% 5.34% 7.66% 4.89% 8.63% 5.19% 6.52% 5.94% 2.00% 0.00% -1.49% 0.77% -2.12%-0.56% -2.00% -4.00% *

8 Parcel Tax In May of 2010, the citizens overwhelmingly approved an extension of the previous parcel taxes. This preserves excellence in core academic programs, including reading, writing, math, and science; reduces the impact of deep budget cuts with stable locally-controlled funding; minimizes teacher layoffs and class electives, including arts and music. The 2010 measure is an annual tax of 589 per parcel, with a two percent annual increase for six years. The parcel tax allows exemptions for seniors. The following shows the parcel tax expenditures in The tax is 638 per parcel. USE OF 625 PARCEL TAX SCHOOL YEAR 1a Preserve reduce class sizes in PAUSD schools. Save an equivalent of 46 classroom teacher positions. 1b Support the continued increase in student enrollment. Support 21 full time equivalent teacher positions. 5,504,383 2,512,870 2 Continue to offer Elective classes in middle and high schools. Support 9 full time equivalent teacher positions. 1,076,949 3 One half time dean at each high school. 123,196 4a Restore a half time psychologist for the elementary schools to manage caseload with growing enrollment. 4b 2 additional counselors restoring the 360:1 counseling ratio at the secondary schools (from 400:1). 5a Restore 2 full time elementary librarians (allocation based on school size). 5b 3 full time teachers for the elementary schools (0.25 FTE per school) for literacy and math support. 62, , , ,967 6 Restore 8 classified positions for instructional and student support. 601, per student at each school for instructional support. 308,475 8 Staff development for staff. 603,226 9 Backfill State Fair Share Reduction 505,890 Budget Planning Each year the Board Education adopts a calendar for development of the budget for the subsequent fiscal year. The budget development calendar provides for all actions that must be taken to meet legal deadlines, and also those actions that need to be taken to prepare the Board for final adoption of the budget. TOTAL 12,155,375 TOTAL INCOME 12,155,375 Budget Development Calendar Used in for the Budget June 2014 July 2014 August 2014 September 2014 November 2014 November 2014 December 2014 January 2015 February 2015 February 2015 May 2015 May 2015 June 2015 June 2015 Adoption of PAUSD Budget Governor Sings the State Budget Property Tax Projections from County of Santa Clara First Revision of Budget County Controller-Treasurer Property Tax Projection Update First Interim PAUSD Financial Report PAUSD Enrollment Projections Release of Governor's Recommended State Budget County Controller-Treasurer Property Tax Projection Update Second Interim PAUSD Fianancial Report State Budget Update Governor's May Revise & Property Tax Projection Update Adoption of PAUSD Budget Govenor Signs State Budget

9 Facts at a Glance Fiscal Facts Budget 14 th Day Enrollment 12,532 General Fund Expenditures Per Student 14,766 Local Control Funding Formula (LCFF) Per Student Funding 6,948 Total General Fund Income and Sources 188,877,501 Total General Fund Expense and Uses 185,048,947 Total Classroom Teacher Salaries 76,785,494 Average Classroom Teacher Salary 91,841 Average Statutory Benefit Cost/Classroom Teacher Average Health Insurance Cost/Classroom Teacher 11,975 13,070 Number of Classroom Teachers (FTE) 779 Number of Other Certificated Staff (FTE) 98 Number of Classified Staff (FTE) 548 Number of Elementary Schools 12 Number of Middle Schools 3 Number of High Schools 2 Number of Adult Schools 1 Assessed Value of Taxable Property 29,952,735,942 Property Tax Collection 135,487,000 * Counselors, middle and high school librarians, district nurse and teachers on special assignments are not included in the classroom teacher count. 25 Churchill Avenue, Palo Alto, CA Phone: Fax: budget@pausd.org