Madison City Schools Budget. FY 2018 Proposed Budget 1 st Public Hearing August 24, 2017

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1 Madison City Schools 2018 Budget FY 2018 Proposed Budget 1 st Public Hearing August 24, 2017

2 Empowering Students for Global Success 2

3 Budget Process State mandated process designed to develop a tool for the school system to use in order to provide an overall plan for the use of financial resources that will best serve the needs of the student body and encourage the concept of site based management. Each Board of Education is required to: (1)Hold at least two open public hearings; (2)Conduct hearing during a regular Board meeting; (3)Conduct hearing at a convenient time and place; and (4)Publicize the date and time of the hearings. 3

4 Budget Process (continued) Purpose of Hearings Enhance Planning Process Accountability/Transparency Inform Community Provide a Forum for Public Input Foster Public Support for School System Basis of Budgeting All anticipated revenues from State, Federal and Local sources are included Conservative revenue estimates have been used on local sources Resources have been assigned to various programs to best serve the needs of students Madison City Schools 2018 Budget Objectives Maintain pupil/teacher ratios Control expenses Identify/Justify Requirements Maintain adequate fund reserves Key Factors Affecting Budget Instructional Needs Enrollment Personnel Costs State Funding Federal Budget Constraints Local Revenue Projections Facilities Capital Planning 4

5 Budget Highlights State Funding Highlights: Increased Average Daily Membership (ADM) by to 10, Funded teaching units increased by to Foundation Allocation increased $2,165,462 to 49,800,114 Other Current Expense Allocation increased by $758,567 to $11,229, Mill Chargeback increased by $254,970 to $6,769,420 Local Funding Highlights: Enrollment projection at 10,418 Locally funding teacher units ($1,200,000) Average local revenue growth projected at 3.8% Projected revenue losses of $1,789,693 required budget cuts of $635,069 (Central Office Departmental funds) Capital Project Highlights: Potential Liberty Middle School Renovation $9,494,000 5

6 MCS Student Population 2018 LMS Addition RES and CES Reno Loss of Madison County Tax Revenue Madison Reno BJHS Renovation Mill Creek Transportation Pre-K JCHS Stadium Central Office Columbia Madison Renovation Heritage School District Started Rainbow W. Madison Renovation 6

7 Enrollment by School School 2018 Projected Enrollment As of 8/15/2017 Difference Bob Jones 1,788 1,771 (17) James Clemens 1,867 1, Discovery Liberty (4) Heritage Rainbow Columbia Horizon (17) Madison Mill Creek (57) West Madison Central Office Total 10,418 10, *Budget built by using FY 2018 Projected ADM *Enrollment figures do not include Pre-K 7

8 Breakdown of teaching units by Source of Fund Foundation Program Funds Other State Sources Federal Funds Local Funds Teacher Units 8

9 FTE Student Teacher Ratios FY 2017 Out of 137 school districts, Madison City has the 20 th highest Pupil Teacher Ratio in the State 9

10 Madison City Schools Budget EXHIBIT B-I-A GOVERNMENTAL FIDUCIARY FUND TYPES SPECIAL DEBT CAPITAL EXPENDABLE TOTAL DESCRIPTION GENERAL REVENUE SERVICE PROJECTS TRUST (Memo Only) REVENUES STATE REVENUES 54,801, ,285, ,624, , ,098, FEDERAL REVENUES 300, ,301, ,601, LOCAL REVENUES 30,549, ,166, ,168, , ,964, ,852, OTHER REVENUES 340, , , TOTAL REVENUES 85,991, ,928, ,793, , ,964, ,067, EXPENDITURES: INSTRUCTIONAL SERVICES 49,366, ,568, , ,485, INSTRUCTIONAL SUPPORT SERVICES 15,031, ,503, , ,477, OPERATIONS & MAINTENANCE 8,335, , , ,003, AUXILIARY SERVICES 3,348, ,452, , , ,712, GENERAL ADMINISTRATIVE SERVICES 3,246, , ,293, CAPITAL OUTLAY 7, ,819, ,826, DEBT SERVICES ,084, ,084, OTHER EXPENDITURES 1,443, ,097, , ,651, TOTAL EXPENDITURES 80,779, ,304, ,084, ,619, ,746, ,534, OTHER FUND SOURCES (USES): OTHER FUND SOURCES 345, ,416, ,459, , , ,095, OTHER FUND USES 4,903, ,670, ,699, , , ,949, TOTAL OTHER FUND SOURCES (USES) (4,558,186.33) 1,746, ,759, , (155,150.00) 1,145, EXCESS REVENUES & OTHER SOURCES OVER (UNDER) EXPENDITURES & OTHER FUND USES 653, ,369, , (9,876,349.38) 62, (7,321,252.55) BEGINNING FUND BALANCE - OCT 1 9,859, ,201, ,201, ,728, , ,908, ENDING FUND BALANCE - SEP 30 10,512, ,571, ,669, ,852, , ,586,

11 Total Budget FUND TYPES TOTAL DESCRIPTION REVENUES STATE REVENUES 62,098, FEDERAL REVENUES 5,601, LOCAL REVENUES 43,852, OTHER REVENUES 515, TOTAL REVENUES 112,067, OTHER REVENUES 1.35% BETWEEN FUND TRANSFERS 8.07% EXPENDITURES: INSTRUCTIONAL SERVICES 57,485, INSTRUCTIONAL SUPPORT SERVICES 19,477, OPERATIONS & MAINTENANCE 9,003, AUXILIARY SERVICES 9,712, GENERAL ADMINISTRATIVE SERVICES 3,293, CAPITAL OUTLAY 9,826, DEBT SERVICES 9,084, OTHER EXPENDITURES 2,651, TOTAL EXPENDITURES 120,534, OTHER FUND SOURCES (USES): OTHER FUND SOURCES 11,095, OTHER FUND USES 9,949, TOTAL OTHER FUND SOURCES (USES) 1,145, LOCAL REVENUES 35.61% FEDERAL REVENUES 4.55% STATE REVENUES 50.42% EXCESS REVENUES & OTHER SOURCES OVER (UNDER) EXPENDITURES & OTHER FUND USES (7,321,252.55) BEGINNING FUND BALANCE - OCT 1 44,908, ENDING FUND BALANCE - SEP 30 37,586,

12 REVENUES FUND TYPES DESCRIPTION TOTAL STATE REVENUES 62,098, FEDERAL REVENUES 5,601, LOCAL REVENUES 43,852, OTHER REVENUES 515, TOTAL REVENUES 112,067, Total Budget DEBT SERVICES 7% TRANSFERS BETWEEN FUNDS PRE-SCHOOL, 8% EXTENDED DAY PROGRAM 2% INSTRUCTIONAL PERSONNEL 38% EXPENDITURES: INSTRUCTIONAL SERVICES 57,485, INSTRUCTIONAL SUPPORT SERVICES 19,477, OPERATIONS & MAINTENANCE 9,003, AUXILIARY SERVICES 9,712, GENERAL ADMINISTRATIVE SERVICES 3,293, CAPITAL OUTLAY 9,826, DEBT SERVICES 9,084, OTHER EXPENDITURES 2,651, TOTAL EXPENDITURES 120,534, CAPITAL OUTLAY 7% GENERAL ADMINISTRATIVE SERVICES 2% CNP 4% OTHER FUND SOURCES (USES): OTHER FUND SOURCES 11,095, OTHER FUND USES 9,949, TOTAL OTHER FUND SOURCES (USES) 1,145, TRANSPORTATION 4% UTILITIES 2% EXCESS REVENUES & OTHER SOURCES OVER (UNDER) EXPENDITURES & OTHER FUND USES (7,321,252.55) BEGINNING FUND BALANCE - OCT 1 44,908, OPERATIONS AND MAINTENANCE 5% INSTRUCTIONAL SUPPORT SERVICES 15% INSTRUCTIONAL SERVICES AND SUPPLIES 6% 12 ENDING FUND BALANCE - SEP 30 37,586,879.53

13 Madison City Schools Budget EXHIBIT B-I-A GOVERNMENTAL FIDUCIARY FUND TYPES SPECIAL DEBT CAPITAL EXPENDABLE TOTAL DESCRIPTION GENERAL REVENUE SERVICE PROJECTS TRUST (Memo Only) REVENUES STATE REVENUES 54,801, ,285, ,624, , ,098, FEDERAL REVENUES 300, ,301, ,601, LOCAL REVENUES 30,549, ,166, ,168, , ,964, ,852, OTHER REVENUES 340, , , TOTAL REVENUES 85,991, ,928, ,793, , ,964, ,067, EXPENDITURES: INSTRUCTIONAL SERVICES 49,366, ,568, , ,485, INSTRUCTIONAL SUPPORT SERVICES 15,031, ,503, , ,477, OPERATIONS & MAINTENANCE 8,335, , , ,003, AUXILIARY SERVICES 3,348, ,452, , , ,712, GENERAL ADMINISTRATIVE SERVICES 3,246, , ,293, CAPITAL OUTLAY 7, ,819, ,826, DEBT SERVICES ,084, ,084, OTHER EXPENDITURES 1,443, ,097, , ,651, TOTAL EXPENDITURES 80,779, ,304, ,084, ,619, ,746, ,534, OTHER FUND SOURCES (USES): OTHER FUND SOURCES 345, ,416, ,459, , , ,095, OTHER FUND USES 4,903, ,670, ,699, , , ,949, TOTAL OTHER FUND SOURCES (USES) (4,558,186.33) 1,746, ,759, , (155,150.00) 1,145, EXCESS REVENUES & OTHER SOURCES OVER (UNDER) EXPENDITURES & OTHER FUND USES 653, ,369, , (9,876,349.38) 62, (7,321,252.55) BEGINNING FUND BALANCE - OCT 1 9,859, ,201, ,201, ,728, , ,908, ENDING FUND BALANCE - SEP 30 10,512, ,571, ,669, ,852, , ,586, Ending Fund Balance equates to 44 Operating Days

14 FUND TYPES DESCRIPTION GENERAL REVENUES STATE REVENUES 54,801, FEDERAL REVENUES 300, LOCAL REVENUES 30,549, OTHER REVENUES 340, TOTAL REVENUES 85,991, General Fund Revenues LOCAL REVENUES 35.39% OTHER FUND SOURCES 0.79% EXPENDITURES: INSTRUCTIONAL SERVICES 49,366, INSTRUCTIONAL SUPPORT SERVICES 15,031, OPERATIONS & MAINTENANCE 8,335, AUXILIARY SERVICES 3,348, FEDERAL REVENUES 0.35% GENERAL ADMINISTRATIVE SERVICES 3,246, CAPITAL OUTLAY 7, DEBT SERVICES 0.00 OTHER EXPENDITURES 1,443, TOTAL EXPENDITURES 80,779, Mill Ad Val. Triana 1% Other TVA In 3% Lieu 5% STATE REVENUES One-Half Cent 63.47% Sales Tax 15% OTHER FUND SOURCES (USES): OTHER FUND SOURCES 345, OTHER FUND USES 4,903, TOTAL OTHER FUND SOURCES (USES) (4,558,186.33) 11 Mill City Ad Val. Tax 25% One Cent Sales Tax 12% EXCESS REVENUES & OTHER SOURCES OVER (UNDER) EXPENDITURES & OTHER FUND USES 653, BEGINNING FUND BALANCE - OCT 1 9,859, ENDING FUND BALANCE - SEP 30 10,512, Mill District Ad. Val. Tax 4% 6.5 Mill District Ad. Val. Tax 13% 5.5 Mill County-Wide Ad Val. Tax 14% 4.0 Mill District Ad. Val. Tax 8% 14

15 General Fund Local Revenues Revenue 2018 Budget Amount % of Change One-Half Cent Sales Tax $ 4,710, % One Cent Sales Tax $ 3,593, % 4.0 Mill District Ad. Val. Tax $ 2,443, % 5.5 Mill County-Wide Ad Val. Tax $ 4,202, % 6.5 Mill District Ad. Val. Tax $ 3,959, % 10.5 Mill District Ad. Val. Tax $ 1,090, % 11 Mill City Ad Val. Tax $ 7,732, % 9 Mill Ad Val. Triana $ 145, % TVA In Lieu $ 1,650, Other $ 1,024, % GENERAL FUND TOTAL $ 30,549, % *Madison City One Half Cent Sales Tax $ 3,164, % *Revenue is recorded in Debt Service Fund 15

16 FUND TYPES DESCRIPTION General Fund Expenditures GENERAL REVENUES STATE REVENUES 54,801, FEDERAL REVENUES 300, LOCAL REVENUES 30,549, OTHER REVENUES 340, TOTAL REVENUES 85,991, Transportation 3.90% Administrative 3.80% Transfer CNP ( Lunchroom Program) Debt Service 3.87% 1.59% Other 1.96% EXPENDITURES: INSTRUCTIONAL SERVICES 49,366, INSTRUCTIONAL SUPPORT SERVICES 15,031, OPERATIONS & MAINTENANCE 8,335, AUXILIARY SERVICES 3,348, GENERAL ADMINISTRATIVE SERVICES 3,246, CAPITAL OUTLAY 7, DEBT SERVICES 0.00 OTHER EXPENDITURES 1,443, TOTAL EXPENDITURES 80,779, OTHER FUND SOURCES (USES): OTHER FUND SOURCES 345, OTHER FUND USES 4,903, TOTAL OTHER FUND SOURCES (USES) (4,558,186.33) Operations/Maintena nce 9.73% Other General Fund Expenditures 17.96% Salary and Benefit Expenses Instruction/Instructi onal Support 75.15% Salary and Benefit Expenditures 82.04% EXCESS REVENUES & OTHER SOURCES OVER (UNDER) EXPENDITURES & OTHER FUND USES 653, BEGINNING FUND BALANCE - OCT 1 9,859, ENDING FUND BALANCE - SEP 30 10,512,882.43

17 14,000 Per-Pupil Expenditures in Alabama School Districts FY ,000 10,000 8,000 State Average 6,000 4,000 2,000 MCS 9, Average 9, Min 7, Max 12, Per Pupil Expenditure 0 17

18 Per Pupil Expenditures School System Total Students Total Expenditures PPE RANK Mountain Brook City 4, ,973,157 12,811 1 Sheffield City 1, ,208,252 11,911 2 Greene County 1, ,586,301 11,878 3 Conecuh County 1, ,526,989 11,651 4 Elba City ,997,043 11,523 5 Sumter County 1, ,130,201 11,430 6 Anniston City 2, ,921,201 11,249 7 Lowndes County 1, ,781,419 11,144 8 Homewood City 4, ,345,575 11,075 9 Florence City 4, ,283,107 10, Barbour County ,319,064 10, Huntsville City 22, ,336,266 10, Colbert County 2, ,526,398 10, Hoover City 13, ,692,340 10, Macon County 2, ,077,504 10, Tuscaloosa City 10, ,485,764 10, Vestavia Hills City 6, ,452,760 10, Lanett City ,987,064 10, Pike County 2, ,541,085 10, Marengo County 1, ,003,043 10, Wilcox County 1, ,513,669 10, Bessemer City 3, ,410,174 10, Tarrant City 1, ,824,636 10, Birmingham City 24, ,500,491 10, Linden City ,162,886 10, Dallas County 3, ,700,064 10, Talladega City 2, ,219,616 10, Coosa County ,051,862 10, Decatur City 8, ,243,292 10, Opelika City 4, ,650,056 10, Pelham City 3, ,296,669 9, MCS 9, Average 9, Min 7, Max 12, School System Total Students Total Expenditures PPE RANK Winston County 2, ,771,945 9, Midfield City 1, ,274,903 9, Thomasville City 1, ,930,340 9, Choctaw County 1, ,536,009 9, Fairfield City 1, ,481,854 9, Escambia County 4, ,193,186 9, Limestone County 8, ,406,710 9, Jackson County 5, ,127,965 9, Perry County 1, ,271,239 9, Bullock County 1, ,250,603 9, Clarke County 2, ,166,918 9, Athens City 3, ,318,904 9, Satsuma City 1, ,601,150 9, Alabaster City 6, ,256,325 9, Sylacauga City 2, ,295,639 9, Scottsboro City 2, ,209,044 9, Total School Districts Muscle Shoals City 2, ,384,833 9, Franklin County 3, ,124,917 9, Ozark City 2, ,914,210 9, Gadsden City 5, ,744,833 9, Brewton City 1, ,837,255 9, Jasper City 2, ,324,138 9, Pickens County 2, ,703,750 9, Randolph County 2, ,403,489 9, Morgan County 7, ,852,631 9, Oxford City 4, ,766,289 9, Boaz City 2, ,976,764 9, Guntersville City 1, ,290,217 9, Marshall County 5, ,103,994 9, Madison City 9, ,184,168 9,

19 Per Pupil Expenditure School System Total Students Total Expenditures PPE RANK Limestone County 8, ,406,710 9, Athens City 3, ,318,904 9, Madison City 9, ,184,168 9, MCS 9, Average 9, Min 7, Max 12,

20 LEA Allocation Foundation Program FY FY FY 2017 FY 2018 Change Change System ADM , , Foundation Program Units Teachers Principals Assistant Principals Counselors Librarians Career Tech Directors Total Units

21 Instruction $49,366,867 Direct Classroom Expenditures Teacher Salaries Teacher Aides Salaries Major Budget Items Salaries & Fringes $46,597,808 Materials & Supplies, Textbooks and Equipment $1,217,939 Purchased Services $1,551,120 21

22 Instructional Support $15,031,061 Counseling Services Media/Technology Services School Adm. Services Health Services Instructional Resource Staff Development/ARI Major Budget Items Salaries and Fringes $13,807,922 Materials& Supplies, Textbooks and Equipment $786,409 Purchased Services $436,730 22

23 Operations & Maintenance $8,335,812 Major Budget Items Salaries & Fringes $3,376,920 Utilities $2,622,141 Maintenance Supplies & Equipment $ 547,800 Purchased Services $1,788,951 23

24 Transportation $3,348, Bus Routes Funding- State $ 2,706,366 Local $ 642,489 Major Budget Items Salaries & Fringes $ 2,806,284 Fuel, Equipment, Supplies and Other Services $542,571 24

25 General Administrative $3,246,737 Board of Education Training Superintendent & Administrative Staff Accounting Personnel Department Purchased Services (Legal, Professional, Insurance, Auditing) 25

26 Other Programs $6,354,097 Pre-School $ 1,435,729 Other $ 246,090 Transfers to Other Programs Child Nutrition Program $ 1,359,587 Debt Service $ 3,312,691 26

27 Financial Impact to Madison City Schools Currently losing $1.78 million from Madison County $0.5 million ad-valorem $1.03 million sales tax $0.25 million TVA Not receiving $2.5 million from Limestone County SCHOOL Madison County Ad-valorem Limestone County Loss from Madison County Alloted Gain from Limestone County Difference of Loss/Gain County -Wide = $506,513 $490,769 -$15,744 City Tax District Total School SCHOOL Sales Tax County -Wide = $574,409 $1,745,136 $707,970 City Tax District 1 = $462,757 Total School SCHOOL TVA County -Wide 1 1 = $246,014 $306,245 $60,231 City Tax District COMPARSION of MADISON CITY TAXES MADISON COUNTY/LIMESTONE COUNTY Total School 1 1 $1,789,693 $2,542,150 $752,457 27

28 Non-Foundation State Allocations State Funds FY 2018 FY 2017 Change School Nurse Program 373, ,442 11,500 Technology Coordinator 42,711 35,411 7,300 Transportation-Operating 2,706,366 2,689,623 16,743 Transportation-Fleet Renewal ($6,344 / Bus) 386, ,302 (2,344) Capital Purchase 2,624,788 2,446, ,767 At Risk 137, ,166 10,621 Preschool Program 20,698 26,946 (6,248) 28

29 Proposed Budget Cuts Department 2017 Budget 2018 Budget Change Technology $1,006,050 $896,274 ($109,776) Student Services $641,821 $574,297 ($67,524) Special Ed $1,325,850 $1,284,100 ($41,750) Elementary Instruction $270,000 $191,915 ($78,085) Secondary Instruction $267,327 $149,500 ($117,827) Finance $143,200 $125,540 ($17,660) Personnel $29,700 $25,930 ($3,770) Maintenance $1,924,980 $1,755,710 ($169,270) Transportation $173,182 $150,475 ($22,707) Superintendent $50,800 $49,000 ($1,800) Assistant Superintendent $4,000 $1,000 ($3,000) Board of Education $190,400 $188,500 ($1,900) Total $6,027,310 $5,392,241 ($635,069) 29

30 Value of a Mill in Alabama School Districts FY 2017 $5,000, Mobile County - $4,929,119 $4,000, $3,000, Birmingham City - $2,706,181 Huntsville City - $2,358,502 $2,000, Shelby County - $1,716,086 Hoover City - $1,635,631 $1,000, Madison County - $1,080,432 Auburn City - $860,333 Decatur City - $711,560 Madison City - $676,942 $- 30

31 FUND TYPES SPECIAL DESCRIPTION REVENUE REVENUES STATE REVENUES 4,285, FEDERAL REVENUES 5,301, LOCAL REVENUES 8,166, OTHER REVENUES 175, TOTAL REVENUES 17,928, EXPENDITURES: INSTRUCTIONAL SERVICES 7,568, INSTRUCTIONAL SUPPORT SERVICES 3,503, OPERATIONS & MAINTENANCE 636, AUXILIARY SERVICES 5,452, GENERAL ADMINISTRATIVE SERVICES 46, CAPITAL OUTLAY 0.00 DEBT SERVICES 0.00 OTHER EXPENDITURES 1,097, TOTAL EXPENDITURES 18,304, OTHER FUND SOURCES (USES): OTHER FUND SOURCES 3,416, OTHER FUND USES 1,670, TOTAL OTHER FUND SOURCES (USES) 1,746, Special Revenue Budget Special revenue funds included in the budget are comprised of federal funds that have specific guidelines and limitations on the expenditure of these funds. Local school public funds are also included in this group. Listed below are the primary programs for FY DODEA GRANTS 4% TITLE I 4% IDEA-B SPECIAL EDUCATION 9% OTHER PROGRAMS 8% LOCAL SCHOOLS- PUBLIC FUNDS 30% EXCESS REVENUES & OTHER SOURCES OVER (UNDER) EXPENDITURES & OTHER FUND USES 1,369, BEGINNING FUND BALANCE - OCT 1 6,201, ACCESS 18% ENDING FUND BALANCE - SEPT 30 7,571, CHILD NUTRITION PROGRAM 27% 31

32 ACCESS Revenues $4,285,500 Expenditures $3,638,229 Salaries and Fringes $ 531,874 ACCESS Teacher Pay $2,937,900 Software, Materials, Travel $ 168,455 32

33 IDEA-B Special Education $ 1,798,314 Salaries and Fringes $ 1,798,314 Staff Summary Teacher Units 1 Teaching Aides 2 Speech Pathologists 12 Mini Bus Aides 33

34 Child Nutrition Program $5,653,211 Revenue USDA $ 1,589,431 Sales and Commissions $ 2,519,200 Transfers from General Fund $ 1,359,587 Other $ 184,993 34

35 Child Nutrition Program Expenditures $5,358,518 Labor $2,408,971 Food $2,143,450 Operations & Maintenance $ 388,660 Indirect Cost $ 319,627 Other $ 97,810 35

36 Title I $ 780,014 Personnel Adm. Unit.15 Teacher Units 3.60 Support Units 3.60 Salaries/fringes(Includes Tutors) $ 586,034 Instructional Materials $ 193,980 36

37 FUND TYPES DEBT DESCRIPTION SERVICE REVENUES STATE REVENUES 2,624, FEDERAL REVENUES 0.00 LOCAL REVENUES 3,168, OTHER REVENUES 0.00 TOTAL REVENUES 5,793, EXPENDITURES: INSTRUCTIONAL SERVICES 0.00 INSTRUCTIONAL SUPPORT SERVICES 0.00 OPERATIONS & MAINTENANCE 0.00 AUXILIARY SERVICES 0.00 GENERAL ADMINISTRATIVE SERVICES 0.00 CAPITAL OUTLAY 0.00 DEBT SERVICES 9,084, OTHER EXPENDITURES 0.00 TOTAL EXPENDITURES 9,084, OTHER FUND SOURCES (USES): OTHER FUND SOURCES 6,459, OTHER FUND USES 2,699, TOTAL OTHER FUND SOURCES (USES) 3,759, Debt Service Fund This fund reflects the annual debt payment (principal and interest) of the Madison City Board of Education on its outstanding debt as of October 1, Half Cent Sales Tax (Local) 30% Public School Fund (State) 29% EXCESS REVENUES & OTHER SOURCES OVER (UNDER) EXPENDITURES & OTHER FUND USES 468, BEGINNING FUND BALANCE - OCT 1 15,201, ENDING FUND BALANCE - SEPT 30 15,669, General Fund (Local) 36% Fleet Renewal Fund (State) 5% Madison City Schools Total Debt is $165,108,180 37

38 Debt Service Fund Annual Debt Payment Over Time Fiscal Year Total ,854, ,844, ,891, ,916, ,905, ,906, ,796, ,694, ,616, ,585, ,130, ,181, ,638, ,649, ,648, ,639, ,716, ,697, ,698, ,697, ,700, ,696, TOTAL 165,108, $400,000 Reduction $1,500,000 Reduction $900,000 Reduction 38

39 Debt Service Fund-Declining Principal Balance Fiscal Year Principal Balance ,872, ,152, ,328, ,323, ,166, ,884, ,442, ,950, ,399, ,760, ,975, ,267, ,233, ,492, ,516, ,316, ,905, ,185, ,300, ,245, ,015, ,600,

40 Capital Projects Budget FUND TYPES CAPITAL DESCRIPTION PROJECTS REVENUES STATE REVENUES 386, FEDERAL REVENUES 0.00 LOCAL REVENUES 3, OTHER REVENUES 0.00 TOTAL REVENUES 389, EXPENDITURES: INSTRUCTIONAL SERVICES 0.00 INSTRUCTIONAL SUPPORT SERVICES 0.00 OPERATIONS & MAINTENANCE 0.00 AUXILIARY SERVICES 800, GENERAL ADMINISTRATIVE SERVICES CAPITAL OUTLAY 9,819, DEBT SERVICES 0.00 OTHER EXPENDITURES 0.00 TOTAL EXPENDITURES 10,619, OTHER FUND SOURCES (USES): OTHER FUND SOURCES 800, OTHER FUND USES 447, TOTAL OTHER FUND SOURCES (USES) 352, EXCESS REVENUES & OTHER SOURCES OVER (UNDER) EXPENDITURES & OTHER FUND USES (9,876,349.38) BEGINNING FUND BALANCE - OCT 1 12,728, ENDING FUND BALANCE - SEPT 30 2,852, This fund is used to acquire or construct major capital facilities such as a new school. Capital Project Expenses for FY 18 Liberty Middle School Renovation $9,494,000 Construction Manager Fees $325,000 Lease of School Buses $800,000 Bank Fees $150 40

41 Expendable Trust/Fiduciary FUND TYPES FIDUCIARY/EXPENDABLE TRUST DESCRIPTION REVENUES STATE REVENUES 0.00 FEDERAL REVENUES 0.00 LOCAL REVENUES 1,964, OTHER REVENUES 0.00 TOTAL REVENUES 1,964, EXPENDITURES: INSTRUCTIONAL SERVICES 550, INSTRUCTIONAL SUPPORT SERVICES 943, OPERATIONS & MAINTENANCE 31, AUXILIARY SERVICES 110, GENERAL ADMINISTRATIVE SERVICES 0.00 CAPITAL OUTLAY 0.00 DEBT SERVICES 0.00 OTHER EXPENDITURES 110, TOTAL EXPENDITURES 1,746, OTHER FUND SOURCES (USES): OTHER FUND SOURCES 74, OTHER FUND USES 229, TOTAL OTHER FUND SOURCES (USES) (155,150.00) EXCESS REVENUES & OTHER SOURCES OVER (UNDER) EXPENDITURES & OTHER FUND USES 62, This fund is used to account for assets held by the school system in a trustee capacity for private organizations. This fund is made up of Local School Non- Public accounts. Listed below are the budgeted expenditures for each school. Bob Jones High School 918, James Clemens High School 958, Liberty Middle School 98, Total 1,976, BEGINNING FUND BALANCE - OCT 1 917, ENDING FUND BALANCE - SEPT ,

42 Questions? Please submit any questions to 42

43 FY 2018 Proposed Budget 1 st Public Hearing August 24, 2017