11-12 ANNUAL BUDGET PRESENTATION

Transcription

1 11-12 ANNUAL BUDGET PRESENTATION

2 BUDGET ASSUMPTIONS Projected Enrollment 5,653 5% Growth Property Values $1.42 Billion 2% Growth Tax Rate-M&O $ $1.17 TRE Election Tax Rate-I&S $0.50 Max Debt Service Rate Total Tax Rate $ $ Rate Loss in State Funding $2.4 Million (6%) Loss in State Funding $3.6 Million (8.5%) HISD State Funding Cut Additional $1.2M

3 + 20% < 7%

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5 HISD DEMOGRAPHICS Comp Ed Student % 15.1% Hispanic 17.9% African-American 4.5% Native American 0.4% Asian/Pacific Islander 0.9% White 76.3%

6 HISD DEMOGRAPHICS Comp Ed Student % 46%

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9 HUTTO INDEPENDENT SCHOOL DISTRICT OFFICIAL ADOPTED BUDGET M&O Tax Rate FOOD DEBT GENERAL S ERVICE S ERVICE FUNCTION FUND FUND FUND Es timated Revenues PROPERTY TAXES $ 13,950, OTHER LOCAL REVENUE $ 1,117,500 $ 1,127,549 $ 6,985, STATE REVENUE $ 21,980,000 $ 1,433,818 $ 1,765,701 Total Es timated Revenue $ 37,047,500 $ 2,561,367 $ 8,750,701 Es timated Expenditures 11 - Ins truction $ 20,315, Ins tructional Res ources $ 359, Curriculum and Staff Develop $ 777, Ins tructional Leaders hip $ 223, Campus Adminis tration $ 2,310, Guidance & Couns eling $ 865, Health Services $ 365, Pupil Trans portation $ 1,408, Food Service $ 2,297, Co-Curricular Activities $ 1,077, General Adminis tration $ 1,403, Maintenance and Operations $ 4,810, Security and Monitoring $ 390, Data Proces s ing $ 1,015, Community Services $ 339, Debt Service $ 580,000 $ 10,728, Payments to Fis cal Agents $ 415, Payments to JJAEP's $ 50, Other Intergov. Charges $ 192,000 Total Es timated Expenditures $ 36,898,121 $ 2,297,969 $ 10,728,506 Exces s/(deficiency) $ 149,379 $ 263,398 $ (1,977,805) Total Revenues - All Funds $ 48,359,568 Total Expenditures - All Funds $ 49,924,596

10 HUTTO INDEPENDENT SCHOOL DISTRICT ADOPTED BUDGET SUMMARY COMPARISON - 10/11 TO 11/12 PER PUPIL COST BUDGET SUMMARY FUNCTION ACTUAL BUDGET ADOPTED BUDGET PER PUPIL PER PUPIL INSTRUCTION 11 - Instruction $ 21,240,000 $ 20,315,015 $ 3,946 3, Instructional Resources, Media $ 243,383 $ 359,390 $ Curriculum/Staff Development $ 995,000 $ 777,139 $ Payments to JJAEP's $ 90,100 $ 50,000 $ 17 9 Total Instruction $ 22,568,483 $ 21,501,544 $ 4,193 $ 3,804 INSTRUCTIONAL SUPPORT 21 - Instructional Leadership $ 205,000 $ 223,047 $ School Leadership $ 2,205,000 $ 2,310,245 $ Guidance & Counseling, Evaluation $ 800,000 $ 865,011 $ Health Services $ 370,000 $ 365,309 $ Co-Curricular/Extra-Curricular Activities $ 1,005,000 $ 1,077,917 $ Total Instructional Support $ 4,585,000 $ 4,841,529 $ 852 $ 856 CENTRAL ADMINISTRATION 41 - General Administration $ 1,525,000 $ 1,403,401 $ DISTRICT OPERATIONS 51 - Maintenance and Operations $ 3,391,864 $ 4,810,120 $ Security and Monitoring $ 440,000 $ 390,747 $ Data Processing $ 1,050,000 $ 1,015,872 $ Student Transportation $ 1,660,000 $ 1,408,740 $ Food Services $ 2,400,000 $ 2,297,969 $ Total District Operations $ 8,941,864 $ 9,923,448 $ 1,661 $ 1,755 DEBT SERVICE 71 - Debt Service $ 10,451,172 $ 10,769,172 $ 1,942 1,905 OTHER 61 - Community Services $ 360,000 $ 339,168 $ Facilities Acquisition & Construction $ 190,000 $ - $ Payments to Fiscal Agents $ 1,420,803 $ 415,000 $ Intergov Charges-Tax Appraisals $ 180,000 $ 192,000 $ Total Other $ 2,150,803 $ 946,168 $ 364 $ 167 Total Estimated Expenditures $ 50,222,322 $ 49,385,262 $ 9,330 $ 8,736 Estimated number of Students Served 5,383 5,653

11 HUTTO INDEPENDENT SCHOOL DISTRICT OFFICIAL AMENDED BUDGET GENERAL FUND ORIGINAL BUDGET AMENDED FUNCTION BUDGET AMENDMENTS BUDGET Es timated Revenues PROPERTY TAXES $ 14,135,912 $ (1,835,912) $ 12,300, OTHER LOCAL REVENUE $ 961,000 $ 1,698,819 $ 2,659, STATE REVENUE $ 21,641,542 $ 58,458 $ 21,700, FEDERAL $ 1,698,706 $ (100,706) $ 1,598, PROCEEDS FROM CAPITAL LEASE $ - $ 200,000 $ 200,000 Total Es timated Revenue $ 38,437,160 $ (179,341) $ 38,457,819 Es timated Expenditures 11 - Ins truction $ 21,972,329 $ (732,329) $ 21,240, Ins tructional Res ources $ 392,700 $ (149,317) $ 243, Curriculum and Staff Develop $ 1,179,280 $ (184,280) $ 995, Ins tructional Leaders hip $ 226,762 $ (21,762) $ 205, Campus Adminis tration $ 2,586,257 $ (381,257) $ 2,205, Guidance & Couns eling $ 842,369 $ (42,369) $ 800, Health Services $ 380,121 $ (10,121) $ 370, Pupil Trans portation $ 1,680,762 $ (20,762) $ 1,660, Co-Curricular Activities $ 929,711 $ 75,289 $ 1,005, General Adminis tration $ 1,397,565 $ 127,435 $ 1,525, Maintenance and Operations $ 3,466,466 $ (651,466) $ 2,815, Security and Monitoring $ 421,128 $ 18,872 $ 440, Data Proces s ing $ 1,116,534 $ (66,534) $ 1,050, Community Services $ 377,502 $ (17,502) $ 360, Debt Service $ 518,000 $ (28,000) $ 490, Capital Leases $ - $ 200,000 $ 190, Payments to Fis cal Agents $ 404,000 $ 41,000 $ 445, Payments to JJAEP's $ 90,100 $ - $ 90, Other Intergov. Charges $ 182,500 $ (2,500) $ 180,000 FUND SFSF Funds - Electric/Water $ 1,698,706 $ - $ 1,698,706 Total Es timated Expenditures $ 39,862,792 $ (1,845,603) $ 38,007,189 *Note: Federal Edujob Funds us ed to as s is t with Shortfall $ 830,567 Exces s/(deficiency) $ (1,425,632) $ 450,630

12 Excess/(Deficiency) $ (2,271,985) $ (2,271,985) AMENDED FOOD SERVICE FUND ORIGINAL BUDGET AMENDED FUNCTION BUDGET AMENDMENTS BUDGET Estimated Revenues LOCAL REVENUE $ 1,109,166 $ - $ 1,109, STATE REVENUE $ 18,803 $ - $ 18, FEDERAL REVENUE $ 1,460,031 $ - $ 1,460,031 Total Estimated Revenue $ 2,588,000 $ - $ 2,588,000 Estimated Expenditures 35 - Food Service $ 2,324,602 $ 75,398 $ 2,400,000 Total Estimated Expenditures $ 2,324,602 $ 75,398 $ 2,400,000 Excess/(Deficiency) $ 263,398 $ 188,000 AMENDED DEBT SERVICE FUND ORIGINAL BUDGET AMENDED FUNCTION BUDGET AMENDMENTS BUDGET Estimated Revenues LOCAL I&S TAXES $ 6,543,999 $ - $ 6,543, STATE REVENUE $ 1,435,188 $ - $ 1,435, SALE OF BONDS $ - $ - $ - Total Estimated Revenue $ 7,979,187 $ - $ 7,979,187 Estimated Expenditures 71 - Debt Services $ 10,251,172 $ - $ 10,251,172 Total Estimated Expenditures $ 10,251,172 $ - $ 10,251,172

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14 Taxable Value 1,600,000,000 1,400,000,000 < 4% 1,396,874,809 1,374,876,781 1,420,000,000 1,338,539,566 1,200,000,000 1,192,136,524 1,000,000, ,000, % 653,819, ,917, ,397, ,000, ,007, ,000, ,000, ,000,000 99,514, ,497, ,006, ,693, ,346, ,506, ,355, Tax Year

15 TAXABLE VALUES +2% $1,420,000,000 Billion Top 10 Taxpayers in HISD 10% of Tax Base Star Ranch Apartments $29,337,174 Oncor Electric $28,663,477 Western Rim Investors (Mansions) $25,377,340 Wal-Mart Real Estate $16,693,113 Lowes Home Center Inc $10,586,300 Matthews-Barnes Brothers Inv $9,653,279 Home Depot Development $7,576,600 Wal-Mart #5480 $6,775,912 Williamson County Landfill $6,038,101 Lowes Home Center $5,123,481

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17 2011 CENTRAL TX AREA TAX RATES Total School Distirct M&O Rate I&S Rate Tax Rate *Dripping Springs ISD TRE *Hutto ISD *Elgin ISD TRE Swap *Del Valle ISD *Manor ISD *Leander ISD *Bastrop ISD *Pflugerville ISD Taylor ISD *Round Rock ISD Georgetown ISD Lake Travis ISD Thorndale ISD Burnet ISD Liberty Hill ISD Seguin ISD Wimberley ISD TRE Swap Florence ISD Eanes ISD Thrall ISD Lockhart ISD Llano ISD * FAS T GROWTH DIS TRICTS

18 TAX RATE CONSIDERATIONS Debt Service Tax Rate:.50 cents Max Rate Delay Future Construction Projects Elem #6 Create a 5 year Debt Restructure Plan Adopt a Debt Service Board Policy-Sep 11 Plan will cost HISD additional interest payments in the short-run, allow property values to grow in long Projected.50 cent Debt Service Tax Rate for next several years

19 TAX RATE CONSIDERATIONS M&O Tax Rate: $ School Year: Additional $1.2 million in State Funding Cuts Consider TRE Election?.06 cents = $1.2M additional revenue..01cent = $346K TRE Election Timing: This budget year Nov 11 TRE Election Community Survey Replaces Lost State Revenue pass down effect Begins to slowly replenish fund balance Prevents further cuts in programs/staffing

20 TRE ADDITIONAL PENNIES.01 = $346, = $573, = $741, = $906, = $1,070, = $1,230, = $1,380, = $1,540, = $1,690, = $1,840, = $1,965, = $2,040, = $2,260,000

21 nding Fund Balance 4,898,930 5,012,563 3,815,419 2,467,746 2,918,376 3,067,755 2,215,998 ptimum Fund Balance 5,031,821 5,142,369 3,894,000 6,800,000 7,140,000 6,873,333 7,147,667 FINANCIAL PROJECTIONS 1.04 ITEM AUDITED AUDITED AUDITED AUDITED PROJECTED PROJECTED PROJECTED nrollment 3,683 4,378 4,834 5,132 5,379 5,653 5,978 DA 3,529 4,144 4,581 4,824 5,151 5,335 5,723 axable Value-CAD 973,379,119 1,192,136,524 1,338,539,566 1,374,876,781 1,396,874,809 1,415,000,000 1,443,000,000 Change Taxable Value 22.8% 22.5% 12.3% 2.7% 1.6% 1.3% 2.0% Growth-Enrollment 22.6% 18.9% 10.4% 6.2% 4.8% 5.1% 5.7% ax Rate/$100 - M&O eginning Fund Balance 1,897,371 4,898,930 5,012,563 3,815,419 2,467,746 2,918,376 3,067,755 ocal Revenue 14,194,116 13,450,532 15,077,182 14,933,611 15,159,819 15,067,500 15,400,000 tate Revenue 11,511,043 17,256,484 18,679,137 20,636,652 21,700,000 21,980,000 22,537,367 ederal Revenue 13,709 1,598,000 Total Revenue 25,705,159 30,707,016 33,756,319 35,583,972 38,457,819 37,047,500 37,937,367 xpenditures 22,703,600 30,593,383 34,953,463 36,931,645 38,007,189 36,898,121 38,789,124 et Change in Fund Balance 3,001, ,633 (1,197,144) (1,347,673) 450, ,379 (851,757)

22 nding Fund Balance 4,898,930 5,012,563 3,815,419 2,467,746 2,918,376 4,215,155 4,318,978 ptimum Fund Balance 5,031,821 5,142,369 3,894,000 6,800,000 7,140,000 6,873,333 7,147,667 FINANCIAL PROJECTIONS 1.10 ITEM AUDITED AUDITED AUDITED AUDITED PROJECTED PROJECTED PROJECTED nrollment 3,683 4,378 4,834 5,132 5,379 5,653 5,978 DA 3,529 4,144 4,581 4,824 5,151 5,335 5,723 axable Value-CAD 973,379,119 1,192,136,524 1,338,539,566 1,374,876,781 1,396,874,809 1,415,000,000 1,443,000,000 Change Taxable Value 22.8% 22.5% 12.3% 2.7% 1.6% 1.3% 2.0% Growth-Enrollment 22.6% 18.9% 10.4% 6.2% 4.8% 5.1% 5.7% ax Rate/$100 - M&O eginning Fund Balance 1,897,371 4,898,930 5,012,563 3,815,419 2,467,746 2,918,376 4,215,155 ocal Revenue 14,194,116 13,450,532 15,077,182 14,933,611 15,159,819 16,059,900 16,355,580 tate Revenue 11,511,043 17,256,484 18,679,137 20,636,652 21,700,000 22,135,000 22,537,367 ederal Revenue 13,709 1,598,000 Total Revenue 25,705,159 30,707,016 33,756,319 35,583,972 38,457,819 38,194,900 38,892,947 xpenditures 22,703,600 30,593,383 34,953,463 36,931,645 38,007,189 36,898,121 38,789,124 et Change in Fund Balance 3,001, ,633 (1,197,144) (1,347,673) 450,630 1,296, ,823

23 nding Fund Balance 4,898,930 5,012,563 3,815,419 2,467,746 2,918,376 5,737,874 7,763,047 ptimum Fund Balance 5,031,821 5,142,369 3,894,000 6,800,000 7,140,000 6,873,333 7,147,667 FINANCIAL PROJECTIONS 1.17 ITEM AUDITED AUDITED AUDITED AUDITED PROJECTED PROJECTED PROJECTED nrollment 3,683 4,378 4,834 5,132 5,379 5,653 5,978 DA 3,529 4,144 4,581 4,824 5,151 5,335 5,723 axable Value-CAD 973,379,119 1,192,136,524 1,338,539,566 1,374,876,781 1,396,874,809 1,415,000,000 1,443,000,000 Change Taxable Value 22.8% 22.5% 12.3% 2.7% 1.6% 1.3% 2.0% Growth-Enrollment 22.6% 18.9% 10.4% 6.2% 4.8% 5.1% 5.7% ax Rate/$100 - M&O eginning Fund Balance 1,897,371 4,898,930 5,012,563 3,815,419 2,467,746 2,918,376 5,737,874 ocal Revenue 14,194,116 13,450,532 15,077,182 14,933,611 15,159,819 17,010,780 17,325,276 tate Revenue 11,511,043 17,256,484 18,679,137 20,636,652 21,700,000 22,706,839 23,489,021 ederal Revenue 13,709 1,598,000 Total Revenue 25,705,159 30,707,016 33,756,319 35,583,972 38,457,819 39,717,619 40,814,297 xpenditures 22,703,600 30,593,383 34,953,463 36,931,645 38,007,189 36,898,121 38,789,124 et Change in Fund Balance 3,001, ,633 (1,197,144) (1,347,673) 450,630 2,819,498 2,025,173

24 11-12 BUDGET SUMMARY Total Revenue 11-12: $37,047,500 Total Expenditures: $36,898, Amount to Fund Balance: $149,379 Projected Fund Balance $3.1M Optimum Fund Balance $ M Projected Fund Balance $2.2M

25 11-12 BUDGET SUMMARY $4.0 Million in projected cuts over % Reduction in Workforce Salaries maintained at levels Maintain 10% Campus/Dept Cuts for District Healthcare Contribution Reduced from $297month to $275month: Savings = $149K Restructure Stipends/Days paid: Savings $92K Restructure District Copier Contract Savings $50K

26 11-12 BUDGET SUMMARY EduJob Federal Funds: $826,000 Athletic Fees: $25, $12.50, $2.50 Lease 4 additional buses/refinance original bus fleet lease: yearly payment: $469, yearly payment: $490, % Interest Salaries: $30.4 million Salaries: $29.2 million 79% TRE Election Recover Potential lost State Funds

27 HUTTO INDEPENDENT SCHOOL DISTRICT OFFICIAL ADOPTED BUDGET M&O Tax Rate FOOD DEBT GENERAL S ERVICE S ERVICE FUNCTION FUND FUND FUND Es timated Revenues PROPERTY TAXES $ 13,950, OTHER LOCAL REVENUE $ 1,117,500 $ 1,127,549 $ 6,985, STATE REVENUE $ 21,980,000 $ 1,433,818 $ 1,765,701 Total Es timated Revenue $ 37,047,500 $ 2,561,367 $ 8,750,701 Es timated Expenditures 11 - Ins truction $ 20,315, Ins tructional Res ources $ 359, Curriculum and Staff Develop $ 777, Ins tructional Leaders hip $ 223, Campus Adminis tration $ 2,310, Guidance & Couns eling $ 865, Health Services $ 365, Pupil Trans portation $ 1,408, Food Service $ 2,297, Co-Curricular Activities $ 1,077, General Adminis tration $ 1,403, Maintenance and Operations $ 4,810, Security and Monitoring $ 390, Data Proces s ing $ 1,015, Community Services $ 339, Debt Service $ 580,000 $ 10,728, Payments to Fis cal Agents $ 415, Payments to JJAEP's $ 50, Other Intergov. Charges $ 192,000 Total Es timated Expenditures $ 36,898,121 $ 2,297,969 $ 10,728,506 Exces s/(deficiency) $ 149,379 $ 263,398 $ (1,977,805) Total Revenues - All Funds $ 48,359,568 Total Expenditures - All Funds $ 49,924,596

28 HUTTO INDEPENDENT SCHOOL DISTRICT OFFICIAL ADOPTED BUDGET M&O Tax Rate FOOD DEBT GENERAL S ERVICE S ERVICE FUNCTION FUND FUND FUND Es timated Revenues PROPERTY TAXES $ 14,942, OTHER LOCAL REVENUE $ 1,117,500 $ 1,127,549 $ 6,985, STATE REVENUE $ 22,135,000 $ 1,433,818 $ 1,765,701 Total Es timated Revenue $ 38,194,900 $ 2,561,367 $ 8,750,701 Es timated Expenditures 11 - Ins truction $ 20,315, Ins tructional Res ources $ 359, Curriculum and Staff Develop $ 777, Ins tructional Leaders hip $ 223, Campus Adminis tration $ 2,310, Guidance & Couns eling $ 865, Health Services $ 365, Pupil Trans portation $ 1,408, Food Service $ 2,297, Co-Curricular Activities $ 1,077, General Adminis tration $ 1,403, Maintenance and Operations $ 4,810, Security and Monitoring $ 390, Data Proces s ing $ 1,015, Community Services $ 339, Debt Service $ 580,000 $ 10,728, Payments to Fis cal Agents $ 415, Payments to JJAEP's $ 50, Other Intergov. Charges $ 192,000 Total Es timated Expenditures $ 36,898,121 $ 2,297,969 $ 10,728,506 Exces s/(deficiency) $ 1,296,779 $ 263,398 $ (1,977,805) Total Revenues - All Funds $ 49,506,968 Total Expenditures - All Funds $ 49,924,596

29 11-12 ANNUAL BUDGET PRESENTATION