COLUMBUS MUNICIPAL SCHOOL DISTRICT

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1 1 COLUMBUS MUNICIPAL SCHOOL DISTRICT FY17 BUDGET PUBLIC HEARING JUNE 30, 2016 Dr. Philip Hickman, Superintendent Ms. Tammie Holmes, MBA, Chief Financial Officer

2 Agenda 2 This presentation provides an overview of the District s Budget for the school year. General Overview Explanation of Acronyms Budget Highlights Tax Levy Request Analyses Revenue Projections Expenditure Projections Budget Categories and Charts

3 General Information 3 Projected Enrollment: 4,165 Students Projected Staffing: 525 Employees Average Student/Teacher Ratio: 27:1 per class for elementary school locations and up to 150:1 per day for CMS and CHS school locations

4 Fiscal Management Goals 4 To establish levels of funding which will provide a high quality education for the District s students To utilize the best available techniques for budget development and management To maintain a District Maintenance Fund Balance as recommended by the Mississippi Association of School Business Officials (MASBO) To be fiscally responsible and transparent

5 Explanation of Acronyms 5 MAEP MS Adequate Education Program EEF Educational Enhancement Funds IDEA Individuals with Disabilities Education Act - (Special Education) STEM Science, Technology, Engineering and Mathematics QZAB Qualified Zone Academy Bond QSCB Qualified School Construction Bond G.O. Bonds General Obligation Bonds

6 Budget Highlights 6 MAEP Allocation decreased by $1.2M to $18.9M, and under-funded by $1.4M 25 students attending GTECHS in the fall for an additional, estimated, MAEP revenue loss of $132K Ad valorem tax millage value decreased by $3K per mill

7 Budget Highlights (continued) 7 12 certified/professional vacancies and 3 paraprofessional vacancies closed for a total operational cost reduction of $953K

8 What drives our tax request? 8 Just two components: Operational Costs Debt

9 9

10 ad-valorem-tax-worksheet_ _ pdf?sfvrsn=2 10

11 Where can I find the ad valorem tax request form? 11 Source: MS Dept. of Education Website (mdek12.org)

12 A Glance at Last Year s Tax Request 12 $10.6M or mills for Operations $1.96M or 9.50 mills for Debt $12.5M or mills Total Relinquished with FY16 Request 4.2 Mills or $869,400

13 Relinquishment Impact?? 13 Example: $100,000 home Approximately $42.00 tax savings provided by CMSD Only approx. $20.00 tax savings were realized by this home owner

14 Relinquishment Impact?? 14 Example: $100,000 Business Approximately $67.50 tax savings provided by CMSD Only approx. $37.50 tax savings were realized by this business owner

15 Millage Value Analysis 15 FY , the millage value was $207K per mill (actual) FY , the millage value is projected at $204K per mill (per County Tax Assessor)

16 CMSD s Operational Tax Request Calculation 16

17 On-Going, CMSD Historical Debt 17 09/01/2004 A $6.5M Three Mill Note was issued for Stokes Beard Construction 5/1/ Columbus Middle School Construction General Obligation Bond (G.O. Bond) in the amount of $9.9M was issued that were approved and voted for by Columbus residents.

18 On-Going, CMSD Historical Debt (continued) 18 05/15/2008 Qualified Zone Academy Bonds (QZAB) were issued in the amount of $2.5M for CHS 2008 Renovation. 03/1/2009 Second General Obligation Bond was issued in the amount of $9.9M for CMS that was approved and voted for by Columbus residents.

19 On-Going, CMSD Historical Debt (continued) 19 05/01/ $2.1M in General Obligation Bonds were issued for construction at CHS 09/15/ $3M in Qualified School Construction Bonds were issued for the elementary schools additions TOTAL ON-GOING, CMSD DEBT = $34,000,000 Incurred between

20 Long Term Debt Summary 20 PRINCIPAL FY 2017 ISSUE ISSUE MATURITY BALANCE P & I DESCRIPTION AMOUNT DATE DATE 6/30/2017 PAYMENT + FEES G/O BONDS (2008 SERIES) 9,950,000 5/1/2008 5/1/2023 6,150, ,500 G/O BONDS (2009 SERIES) 9,950,000 3/1/2009 3/1/2024 7,550, ,000 G/O BONDS (2009 SERIES) 2,100,000 5/1/2009 5/1/ , ,250 THREE (3) MILL NOTE 6,500,000 9/1/2004 4/1/ , ,038 QZAB 2,500,000 5/15/2008 7/15/2019 1,480, ,000 QSCB 3,000,000 9/15/2010 9/15/2024 3,000,000 75,200 $2,819,988

21 Debt Obligations 21 To meet our debt obligations, CMSD should request $2.5M for FY17, which equates to mills.

22 Shortfall Impact 22 From , CMSD realized a total of $2M in tax collections shortfall. These shortfalls still became debt tax levies that the taxpayers had to pay.

23 CMSD s TRUE Debt Tax Request Calculation 23

24 FY17 Tax Request Comparison 24 Should Request $11M or mills for Operations $2.5M or mills for Debt Total: $13.5M or mills Actual Request $11M or mills for Operations $1.4M or 6.63 mills for Debt Total: $12.4M or mills

25 FY17 Short-term, Tax Levy Fix 25 $1.2M Fund Balance Contribution from CMSD to meet recurring, General Obligation Bond Debt Payments NO tax increase to taxpayers from CMSD

26 On-Going Debt Payment & Fees thru $2,768,125 Required for FY18 Possible Tax Request Increase of $1,415,144 next fiscal year

27 The Ideal Usage of the $1.2M from Fund Balance 27 The purchase of five (5) new buses - $435,000 Roof repairs at Fairview ($550,000) and Franklin Elem. Schools ($125,000) - $675,000 Parking Lot Repairs at CHS - $690,000 Total Cost for Ideal Use = $1,800,000

28 The Impact of Recent Tax Requests 28 Relinquished with FY16 Tax Request Mills or $869,400 Did not request on FY17 Tax Request 5.70 Mills or $1,162,800 TOTAL = $2,032,200

29 Bus Information 29 MS Department of Education recommends that school districts begin replacing buses once they reach 12 years old and are in poor condition as funding permits. CMSD, currently, operates a fleet of 65 regular buses. Thirty-five percent (35%) or twentythree (23) buses will be 12 years or older entering FY17.

30 Columbus Municipal School District 30 REVENUES What are our financial resources?

31 Revenues 31 Our revenues originate from various sources: Local Revenues Ad valorem taxes paid by taxpayers, interest income earned at the banks, food sales in the cafeteria, rentals, donations, and athletic events. State Revenues MS Adequate Education Program (MAEP), Homestead Exemption Reimbursement, Vocational, and Education Enhancement Funds (EEF)

32 Revenues 32 Federal Revenues Title, USDA reimbursements, E- Rate, and TVA in Lieu of Taxes Sixteenth Section Revenues Lease payments and interest earned at the bank

33 Total Revenues $41,973,737 Total Budget by Source Proposed Budget Amount Original Budget Amount Budgeted Increase (Decrease) LOCAL SOURCES $ 12,432,399 $ 12,624,484 $ (192,085) STATE SOURCES $ 20,365,661 $ 21,946,866 $(1,581,205) FEDERAL SOURCES $ 9,153,177 $ 10,012,010 $ (858,833) SIXTEENTH SECTION SOURCES $ 22,500 $ 22,500 $ - TOTAL BUDGETED REVENUES $ 41,973,737 $ 44,605,860 $(2,632,123)

Total Revenues $ 41,973,737 34 Federal Sources 22%

34 Total Revenues $ 41,973, Federal Sources 22% 16th Section 0% Local Sources 30% State Sources 48%

35 Local Revenues $12,432, Proposed Budget Amount Original Budget Amount Budgeted Increase (Decrease) LOCAL AD VALOREM TAXES $ 12,014,064 $ 12,186,612 $ (172,548) FOOD SERVICE SALES $ 114,850 $ 88,381 $ 26,469 OTHER LOCAL REVENUES $ 303,485 $ 349,491 $ (46,006) TOTAL BUDGETED REVENUES $ 12,432,399 $ 12,624,484 $ (192,085)

36 Local Revenues $12,432, FOOD SERVICE SALES 1% OTHER LOCAL REVENUES 2% LOCAL AD VALOREM TAXES 97%

37 State Revenues $20,365, Proposed Budget Amount Original Budget Amount Budgeted Increase (Decrease) MAEP $ 18,624,980 $ 20,131,652 $ (1,506,672) EDUCATIONAL ENHANCEMENT FUNDS $ 188,104 $ 188,104 $ - HOMESTEAD EXEMPTION REIMB. $ 341,677 $ 350,831 $ (9,154) VOCATIONAL EDUCATION $ 400,000 $ 410,000 $ (10,000) OTHER STATE REVENUES $ 810,900 $ 866,279 $ (55,379) TOTAL STATE REVENUES $ 20,365,661 $ 21,946,866 $ (1,581,205)

38 State Revenues $20,365, EDUCATIONAL ENHANCEMENT FUNDS 1% VOCATIONAL EDUCATION 2% HOMESTEAD EXEMPTION REIMBURSEMENT 2% OTHER STATE REVENUES 4% MAEP 91%

39 Federal Revenues $9,153, Proposed Budget Amount Original Budget Amount Budgeted Increase (Decrease) CHILD NUTRITION $ 3,392,250 $ 3,418,205 $ (25,955) TITLE I $ 3,609,011 $ 3,219,065 $ 389,946 TITLE II $ 82,871 $ 498,920 $ (416,049) TITLE VI $ 110,874 $ 65,472 $ 45,402 IDEA $ 1,168,615 $ 1,234,787 $ (66,172) OTHER FEDERAL REVENUES $ 789,556 $ 1,575,561 $ (786,005) TOTAL STATE REVENUES $ 9,153,177 $ 10,012,010 $ (858,833)

40 Federal Revenues $ 9,153, TITLE I 39% TITLE II 1% TITLE VI 1% IDEA 13% OTHER FEDERAL REVENUES 9% CHILD NUTRITION 37%

41 I.D.E.A. PROPORTIONATE SHARE 41 Columbus Municipal School District Proportionate share of funds (a) Number of parentally-placed eligible children with disabilities in private elementary schools and secondary 33 schools located in the LEA (b) Total number of eligible children (District count, ages 3-21) 615 (c) Total Part B allocation to school district $991,709 Calculating Proportionate Share: (c) Total allocation to school district $991,709 (d) Divided by total number of eligible children (District count + Private school count = ) 648 Average allocation per eligible child $1, (a) Multiplied by the number of parentallyplaced children with disabilities 33 (e) Amount to be expended for parentallyplaced children with disabilities $50,503.70

42 Columbus Municipal School District 42 EXPENDITURES Where do our monies go?

43 Expenditures 43 To support the instructional focus and mission of the Columbus Municipal School District, projected expenditures are $42,866,088. There are 63 funds budgeted for fiscal year

44 Total Expenditures - $42,866, Proposed Budget Amount Original Budget Amount Budgeted Increase (Decrease) INSTRUCTIONAL SERVICES $ 21,332,877 $ 22,763,401 $ (1,430,524) SUPPORT SERVICES $ 14,995,974 $ 15,590,639 $ (594,665) NON-INSTRUCTIONAL SERVICES $ 3,498,700 $ 3,199,270 $ 299,430 DEBT SERVICE $ 3,038,537 $ 2,820,335 $ 218,202 TOTAL EXPENDITURES $ 42,866,088 $ 44,373,645 $ (1,507,557)

Total Expenditures $ 42,866,088 45 INSTRUCTIONAL SERVICES 49%

45 Total Expenditures $ 42,866, INSTRUCTIONAL SERVICES 49% SUPPORT SERVICES 36% DEBT SERVICE 7% NON- INSTRUCTIONAL SERVICES 8%

46 Instructional $21,332, Elementary Middle School High School Gifted Special Education Alternative Vocational Other Special Functions

47 Elementary 47 PreK-5 Schools 2,163 Students Magnet School Concept Instructional Budget $6,575,074

48 Middle School 48 Grades 6, 7, and Students Gifted Program Support for Magnet School Concept Pathways to Graduation STEM Instructional Budget $2,842,262

49 High School 49 Comprehensive High School Technology Labs Over 90 Carnegie Unit Course Offerings 1,078 Students Advanced Placement Courses Dual Credit Courses ACT Prep Athletic Activities Instructional Budget $4,908,554

50 Gifted 50 Serves Grades Students Required by State in Grades 2-6 Destination Imagination Instructional Budget $ 510,415

51 Special Education 51 Speech Services Over 600 Students Services in all buildings Private Placements Instructional Budget $ 3,934,366

52 Alternative Education 52 K-12 Alternative School Juvenile Detention Center 50 Students Required by State Law Success Academy Instructional Budget $423,209

53 Vocational Education 53 McKellar Technology Center 10 Career Education Programs Eliminated Pops Program Over 400 Students Instructional Budget $1,315,988

54 Other Special Functions 54 Tutors at Palmer Home (if needed) Homeless Tutors English Language Learners (ELL) Tutors Dropout Prevention Instructional Budget $ 140,358

55 Total Instructional Budget 55 Elementary Middle School High School Gifted Special Education Alternative Vocational Other Special Functions $21,332,877

56 Support Services 56 Instructional Staff Student Support Services General Administration School Administration Business Operations Transportation Central Support Operation and Maintenance of Plant $ 14,995,974

57 Non-Instructional Services 57 Food Service Operations 54 Employees (some with extended work hours) Other Non-instructional activities using Activity Funds Parental Involvement $3,498,700

58 Columbus Municipal School District 58 DEBT SERVICES What major financial obligations do we have?

59 Debt Service $ 2,819, Principal $ 2,222,000 Interest $ 585,988 Agent Fees $ 12,000 Total Debt Service $ 2,819,988

60 Long Term Debt Summary 60 PRINCIPAL FY 2017 ISSUE ISSUE MATURITY BALANCE P & I DESCRIPTION AMOUNT DATE DATE 6/30/2017 PAYMENT + FEES G/O BONDS (2008 SERIES) 9,950,000 5/1/2008 5/1/2023 6,150, ,500 G/O BONDS (2009 SERIES) 9,950,000 3/1/2009 3/1/2024 7,550, ,000 G/O BONDS (2009 SERIES) 2,100,000 5/1/2009 5/1/ , ,250 THREE (3) MILL NOTE 6,500,000 9/1/2004 4/1/ , ,038 QZAB 2,500,000 5/15/2008 7/15/2019 1,480, ,000 QSCB 3,000,000 9/15/2010 9/15/2024 3,000,000 75,200 $2,819,988

Apple Capital Leases 61 PRINCIPAL FY 2017 ISSUE ISSUE MATURITY BALANCE P & I DESCRIPTION AMOUNT DATE DATE 6/30/2017 PAYMENTS YR 1 APPLE MACBOOKS 407,303 09/21/2015 02/02/2019

61 Apple Capital Leases 61 PRINCIPAL FY 2017 ISSUE ISSUE MATURITY BALANCE P & I DESCRIPTION AMOUNT DATE DATE 6/30/2017 PAYMENTS YR 1 APPLE MACBOOKS 407,303 09/21/ /02/ , ,752 YR 2 APPLE MACBOOKS 375,911 06/16/ /02/ ,737 0 * YR 3 APPLE MACBOOKS 388,572 06/01/ /02/ ,693 96,798 # 218,550 * FY16 Budget # Projection

62 Questions and Answers 62 Cards and pens will be disseminated for the Q&A session.

RANKIN COUNTY SCHOOL DISTRICT BUDGET REPORT FISCAL YEAR 2018

RANKIN COUNTY SCHOOL DISTRICT BUDGET REPORT FISCAL YEAR 2018 Budget Report FY 2018 BUDGET REPORT FISCAL YEAR 2018 RANKIN COUNTY BOARD OF EDUCATION Mrs. Ann Sturdivant President Mr. David Grumpy Farmer Vice President Dr. Ruth Burgess Secretary Mrs. Kym Jamison Trustee