GREENVILLE INDEPENDENT SCHOOL DISTRICT

Transcription

1 WE EDUCATE TODAY... YOU SUCCEED TOMORROW 2010/2011 Budget Workshop June 22, 2010 GREENVILLE INDEPENDENT SCHOOL DISTRICT Presented by: Donald Jefferies Superintendent David Carter, CPA Chief Financial Officer

2 AGENDA 2009/2010 Year in Review 2010/2011 Goals & Priorities 2010/2011 Projections Fund Balance, Property Values, Enrollment General Fund, Food Service Fund & Debt Service Fund Compensation Plan discussion Review Deferred Maintenance Plan

3 2009/2010 YEAR IN REVIEW SFSF Stimulus Funds Received $1.6 million in Approved Relocating Travis Elementary to SGC Better utilize facilities, staff Provide better & safer environment for students Savings estimated between $250-$300K Proposed Energy Performance Contract Estimated utility savings of $250,000 Self-funding contract No or low interest rates Approved Strategic Action Plans

4 2010/2011 BUDGET GOALS & PRIORITIES Present Board of Trustees with balanced budget for 2010/2011 Continue to reduce costs as far away from classrooms/students as possible Continue to review staffing levels reductions through attrition rather than RIF Begin implementation of Strategic Action Plans as approved by Board of Trustees

5 FOOD SERVICE FUND Factors to Consider: Approved extending partnership with Chartwells Chartwells proposed & TDA accepted budget projects surplus of $97,222 Surplus is guaranteed by Chartwells No price increases proposed for Relocation of Travis campus will provide staff to fill vacancies and unused equipment may be allocated within District Option for interest-free loan to purchase equipment

6 FOOD SERVICE FUND 2010/ / /11 Revised Proposed % % of Descriptions Budget Budget Variance Change Budget Local Revenue Sources $ 579,015 $ 477,318 $ (101,697) -17.6% 19.2% State Revenue Sources 17,000 17, % 0.7% Federal Revenue Sources 1,644,975 1,986, , % 80.1% Total Revenues $ 2,240,990 $ 2,480,941 $ 239, % 100.0% Payroll $ 879,639 $ 912,102 $ 32, % 38.3% Contracted Services 259, ,222 73, % 14.0% Supplies 1,070,700 1,134,395 63, % 47.6% Other Expenses 3,355 4, % 0.2% Total Expenditures $ 2,213,490 $ 2,383,719 $ 170, % 100.0% Net Income (Loss) $ 27,500 $ 97,222 $ 69,722

7 DEBT SERVICE FUND Factors to Consider: Debt service requirement for will remain the same for Have two remaining outstanding bond issuances will be fully paid for in 2026 Healthy projected fund balance at 8/31/2010 approximately $1.3 million (54% of expenditures)

8 DEBT SERVICE FUND $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $- 2009/ / / / / / / / / / / / / / / / /26 PRINCIPAL INTEREST

9 DEBT SERVICE FUND 2010/ / /11 Revised Proposed % % of Descriptions Budget Budget Variance Change Budget Local Revenue Sources $ 2,212,688 $ 2,264,064 $ 51, % 95.2% State Revenue Sources 175, ,000 (60,000) -34.3% 4.8% Federal Revenue Sources % 0.0% Total Revenues $ 2,387,688 $ 2,379,064 $ (8,624) -0.4% 100.0% Principal on Long-term debt $ 1,375,000 $ 304,158 $ (1,070,842) -77.9% 12.8% Interest on Long-term debt 1,012,688 2,074,906 1,062, % 87.2% Debt Issuance Costs & Other Fees % 0.0% Total Expenditures $ 2,387,688 $ 2,379,064 $ (8,624) -0.4% 100.0% Net Income (Loss) $ - $ - $ -

10 WHAT IS TARGET REVENUE? Year 1 $4,971 Year 2 $4,971 State Aid Property Taxes Increasing Property Values Increasing Tax Revenues State Aid Property Taxes Increasing property values DO NOT increase target revenue per WADA TARGET REVENUE = CEILING IS THE FLOOR FLOOR IS THE CEILING

11 TARGET REVENUE HUNT COUNTY Ranking by Revenue per WADA - Using HB 3646 Funding Formula Target Revenue per WADA Ratio to the Mean Variance from Greenville ISD Difference in Revenue for 5,880 WADA Lone Oak ISD 5, % $ 182 $ 1,070, Caddo Mills ISD 5, % $ 134 $ 787, Celeste ISD 5, % $ 53 $ 311, Greenville ISD 4, % $ - $ Boles ISD 4, % $ (34) $ (199,920) Commerce ISD 4, % $ (35) $ (205,800) Campbell ISD 4, % $ (47) $ (276,360) Bland ISD 4, % $ (75) $ (441,000) Quinlan ISD 4, % $ (85) $ (499,800) Wolfe City ISD 4, % $ (121) $ (711,480) Mean 4,968 Texas State Average 5,438

12 GENERAL FUND PROPERTY VALUES $1,700 $1,600 $1,500 $1,400 $1,300 1,408 1,393 1,515 1,505 1,501 1,508 1,523 Values in Millions $1,200 $1,100 $1,000 $900 $ ,043 1,136 1, est est est est.

13 GENERAL FUND DISTRICT ENROLLMENT 5,500 5,250 5,000 4,750 4,500 4,250 4,000 3,750 3, / / / / / / / / / / /12 est /13 est /14 est. Enrollment ADA

14 GENERAL FUND PROJECTION Factors to Consider: State budget deficit estimated at $12-20 billion Franchise tax is raising $4-5 billion less than what property taxes were raising before tax rates were compressed in Sales tax revenue in current biennium is $1.3 billion less than estimates state usually uses surplus sales tax revenue to balance next biennium s budget Rainy day fund is only $9-12 billion Education needs an add tl $5 billion for next biennium: $3 billion to replace federal stimulus funds $2 billion to fund growth 300,000 people and 90,000 students every year

15 GENERAL FUND PROJECTION Factors to Consider: No student growth no change in state funding SFSF stimulus funding estimated at $1.3 million Relocating Travis campus to SGC campus Budget submissions from campuses/directors targeted a 5% budget reduction Staff reductions through evaluation and attrition Preliminary forecast 4/20/2010 projected deficit budget in totaling ($603,787)

16 GENERAL FUND 2010/ / /11 Revised Proposed % % of Descriptions Budget Budget Variance Change Budget Tax Revenues $ 15,519,891 $ 16,450,000 $ 930, % 50.3% Other Local Revenues 447, ,500 (179,860) -40.2% 0.8% State Revenue Sources 14,092,576 14,129,061 36, % 43.2% TRS On-Behalf 1,692,200 1,699,000 6, % 5.2% Federal Revenue Sources 355, ,000 (180,000) -50.7% 0.5% Total Revenues $ 32,107,027 $ 32,720,561 $ 613, % 100.0% Payroll $ 27,409,217 $ 27,950,784 $ 541, % 84.9% Contracted Services 2,878,198 2,729,364 (148,834) -5.2% 8.3% Supplies 1,571,799 1,286,241 (285,558) -18.2% 3.9% Other Expenses 640, , , % 2.3% Debt Service 180, ,342 (258) -0.1% 0.5% Capital Outlays 5,500 6,500 1, % 0.0% Total Expenditures $ 32,685,385 $ 32,914,528 $ 229, % 100.0% Increase (Decrease) in Fund Balance $ (578,358) $ (193,967) $ 384,391

17 GENERAL FUND 2010/2011

18 GENERAL FUND Reductions taken in budget process: Relocated Travis to SGC est. savings $ K Targeted 5% decrease in campus/directors budgets est. savings $ K Re-aligned central office & transportation staff est. savings $75-100K Reduced coaching & other GHS,GMS,SGC est. savings $ K Total Reductions taken approx. $900,000

19 GENERAL FUND Additional possible budget reductions: Reduce amount of buses purchased or delay entering in contract to purchase buses est. savings $50-150K Impact Pressure on M&O fund due to increased cost of repairing and maintaining older buses and possibility of increased breakdowns on bus routes which has an adverse affect of GISD image. Reduce campus aide positions where available est. savings $50-100K Impact Decreased individualized time spent with students.

20 GENERAL FUND Additional possible budget reductions: Consolidate Librarian positions into teaching positions est. savings $ K Impact Loss of support and instruction in school libraries. Places additional demand on teachers and support staff.

21 COMPENSATION & BENEFITS PLAN 2009/10 Review: Mandated step raise for teachers - $800 minimum Starting teacher s salary $37,720 TRS insurance increased 4.5% 2010/11 Factors to consider: TRS insurance increasing approximately 7% District monthly contribution will be $289.34/month Proposed 3% increase for Administrators

22 TEACHER SALARIES BY DISTRICT District Average Starting Teacher's Salary Ratio to Mean Variance to GISD Rockwall ISD $45, $ 11, $8, Royse City ISD $41, $ 6, $3, Greenville ISD $37, $ 3, $0.00 Commerce ISD $36, $ 2, ($920.00) Quinlan ISD $35, $ ($2,296.00) Caddo Mills ISD $35, $ ($2,720.00) Wolfe City ISD $30, $ (3,927.64) ($6,950.00) Bland ISD $30, $ (4,377.64) ($7,400.00) Boles ISD $30, $ (4,377.64) ($7,400.00) Lone Oak ISD $30, $ (4,697.64) ($7,720.00) Campbell ISD $28, $ (6,127.64) ($9,150.00) Mean $34,697.64

23 MONTHLY CONTRIBUTION BY DISTRICT District Monthly Contribution Ratio to Mean Variance to GISD Greenville ISD $ $ $ - Rockwall ISD $ $ 7.46 $ McKinney ISD $ $ 5.46 $ Royse City ISD $ $ (0.54) $ Commerce ISD $ $ (4.54) $ Terrell ISD $ $ (6.54) $ Caddo Mills ISD $ $ (6.54) $ Kaufman ISD $ $ (29.54) $ Mean $254.54

24 COMPENSATION & BENEFITS PLAN TRS ActiveCare Rate Summary (Employee Only) Rates Rates Rates Increase over Year Increase # of GISD Employees ActiveCare 1 $266 $278 $297 $19 $31 47 ActiveCare 1 -HD n/a $245 $262 $17 $17 5 ActiveCare 2 $354 $370 $396 $26 $ ActiveCare 3 $477 $498 $533 $35 $56 12 Increase in Employee s portion for TRS ActiveCare 2 Employee Only totals approximately $13 per paycheck

25 COMPENSATION & BENEFITS PLAN Proposed 3% Administrative Raise Total Proposed Cost $ 71,400 Average Salary Increase Total # of Eligible Administrators $ 2, Administrative Cost Ratio w/raise Administrative Cost Ratio w/o raise District Standard (ADA 1,000 to 4,999) 9.29% 8.93% 14.01%

26 DEFERRED MAINTENANCE PLAN

27 QUESTIONS