Community Consolidated School District 181

Transcription

1 Community Consolidated School District 181 CCSD 181 Budget Budget #3 Approved by the Board of Education on September 26, 2016

2 September 26, 2016 To the Members of the Board of Education: The Proposed Budget for Community Consolidated School District 181 is submitted for your review. The Budget presents the District's financial and operational plans. We are proud to publish and disseminate information to the Board of Education and to our community. We welcome the opportunity to present and discuss our operations and any related financial impact with all interested parties. Underlying Budget Philosophy The Budget is designed to support the learning of all students. It will be approved by the Board of Education at the last meeting in September and the Board may act to approve the amended budget by the last Board of Education meeting in June of each year. Budget priorities are: Safety and security of all students, staff and visitors Educational programs to meet the needs of all students Learning environments that support and facilitate learning Budget objectives are: Make efficient use of District resources Estimate revenues needed to support the budget priorities Ensure due diligence in expenditure of all funds Levy taxes to only what is needed for the budget priorities on an annual basis Budget practices: School building allocations are 115 per student for (the same as ) School building principals can budget the allocation to purchased services, supplies, capital outlay or dues and fees The Capital Projects Fund expenditures are restricted to all costs associated with renovation projects, equipment, furniture or technology needs Amended budget is designed to adjust the budget for the following reasons: Actual expenditures exceed 10% of any fund s budget Additional staffing is needed due to enrollment increases after the budget has been approved Donations are received and approved by the Board of Education To align with actual expenditures, with the original budget preserved for comparison purposes Page 2

3 Highlights of the Budget: Maintaining Our Commitment to Provide Excellence in Education HCHTA Contract The proposed budget includes the financial impact of a newly negotiated HCHTA contact that has been ratified by its membership and approved by the Board of Education. Educational Resource Materials The District has allocated 350,000 (Budget #3)/175,000 (Budget #4) for educational textbooks and 180,000 for supplemental textbook materials for Education Fund Salaries The District has budgeted for FTE of teachers to provide staffing within the District guidelines of one teacher to 26/27 students. The FTE is the same as last year. We have included 275,000 (Budget #3)/150,000 (Budget #4) for staffing contingency and 120,000 for lane movements. (Lane movements occur when certified staff earns additional degrees or university credit hours that qualify for a higher salary.) Staff Professional Development Working with the Staff Development Committee, the administration will plan 15 hours of professional development for all teachers. Staff development will focus on new curriculum changes, targeted initiatives, school improvement, and/or state mandated training. 350,000 has been budgeted for the 15 hours of staff development. Additional monies are budgeted at the buildinglevel and through the Title II grant. Investing in our staff pays dividends in improving the quality of students' educational experiences. Facility Improvements The budget also includes 506,400 allocated for summer 2016 projects. This includes 300,000 to apply a coating to the metal part of the roof at Hinsdale Middle School, 70,000 to replace the carpet in the MRC at Elm Elementary School, and 57,400 for multiple projects at Clarendon Hills Middle School. Strategic Plan The District has budgeted 60,000 for the implementation of the Strategic Plan through the use of ECRISS. Budget/Levy/Audit Calendar The development of the budget is a collaborative process involving staff in each of the buildings and within the central office departments. The following calendar is presented as a guideline in the preparation and approval of the budget: February 8, 2016 March 25, 2016 April 15, 2016 Board of Education authorizes the preparation of the budget for fiscal year Building and department collaboration is completed Review of building and department budgets is completed Page 3

4 May 6, 2016 May 12, 2016 May 23, 2016 June 16, 2016 June 27, 2016 August, 2016 Review of tentative budget by Superintendent is completed Review of tentative budget by Board of Education Finance Committee Review of tentative budget by the Board of Education Review of tentative budget by Finance Committee Review of tentative budget by Board of Education Review of tentative budget and public display of tentative budget Hold public hearing on tentative budget Onsite audit of fiscal year September, 2016 September 30, 2016 Board approves budget Annual Budget must be filed with the County Clerks of DuPage and Cook Counties and the Illinois State Board of Education Annual Budget must be posted on the District s website and notice sent to parents and guardians of students. October, 2016 Discussion with the Board of Education Finance Committee on the 2016 Tax Levy Presentation of audit to Board of Education Finance Committee November, 2016 Presentation to the Board of Education on the 2016 Tax Levy Presentation of audit to Board of Education December, 2016 December 29, 2016 Presentation and recommendation to the Board of Education on the 2016 Tax Levy Deadline to file the 2016 Tax Levy with the County Clerks of DuPage and Cook Counties District Legal Structure Community Consolidated School District 181 is a municipal corporation governed by a Board of Education comprised of seven Board members who are elected by the public and have the exclusive responsibility and accountability for the decisions they make. The District has the statutory authority to adopt its own budget, levy taxes, and issue bonded debt without the approval of another government. It has the right to sue and be sued, and has the right to buy, sell, lease, or mortgage property in its own name. Based on Page 4

5 these criteria, the District is considered a primary government and there are no other organizations or agencies whose budgets should be combined and presented with this budget. The Board of Education Title Name Current Term Expires President Mridu Garg April 2017 Vice President Richard Giltner April 2019 Secretary Gary Clarin April 2017 Member Jennifer Burns April 2019 Member Leslie Gray April 2019 Member Marty Turek April 2019 Member Jill Vorobiev April 2017 Superintendent and Chief School Business Official The Superintendent is Dr. Don White, who joined the District in May Kenneth Surma is the District s Chief School Business Official. He joined the District in July History of the District The District is located in DuPage and Cook Counties, Illinois, and is approximately 20 miles southwest of downtown Chicago. The District serves most of the Villages of Hinsdale and Clarendon Hills as well as portions of Burr Ridge, Oak Brook and Willowbrook. The District maintains nine facilities to serve its students in grades kindergarten through eight, in addition to an Early Childhood Education Program for prekindergarteners. Transportation needs of District residents are served by Interstates 55 and 294 (TriState Tollway) in addition to Illinois Route 83 and U.S. Route 34. Commuter rail transportation is available at various stations along Metra s Burlington Northern Santa Fe Railway. District residents have access to O Hare International Airport (15 miles to the north) and Midway Airport (10 miles to the east). The District offers a comprehensive curriculum covering the areas of language arts, mathematics, science, social science, physical education, health, art, music, foreign language, and social emotional learning. The middle school program features gradelevel teams, elective and exploratory offerings, and extracurricular activities. A comprehensive and wide array of professional services are provided to assist students with unique learning needs. An early childhood education program is available for students who are 3 and 4 years old. Assessment results indicate that District students are performing at exceptionally high levels. The District and its schools have been recognized nationally and at the state level for a number of achievements. The National Blue Ribbon Schools Program recognizes public and private elementary, middle, and high schools where students perform at very high levels. Five of the District's nine schools were named U.S. Department of Education Blue Ribbon Schools: Madison School (2009), Hinsdale Middle School (2009), Page 5

6 Clarendon Hills Middle School (2009), The Lane School (2011), and Oak School (2014). Additionally, all seven elementary schools were recognized in either 2012 or 2013 with the Illinois Association of Health Physical Education, Recreation and Dance (IAHPERD) Blue Ribbon Schools Award. Accounting Structure The District uses eight governmental funds to account for its operations. Educational Fund To account for the majority of the instructional and administrative aspects of the District s operations Operations and Maintenance Fund To account for the repair and maintenance of District property Transportation Fund To account for activity relating to student transportation to and from schools and for extra curricular and cocurricular activities Municipal Retirement/Social Security Fund For the District s portion of personnel pension costs Capital Projects Fund Life Safety Fund Debt Service Fund Working Cash Fund For capital improvements in accordance with purposes set forth in the resolution calling for the referendum and on the referendum ballot For Life Safety expenditures in according with the Life Safety Code For the District s bond principal and interest payments For interfund borrowing District Facilities and Enrollments The District currently operates nine school buildings: Elm Elementary School Madison Elementary School Monroe Elementary School Oak Elementary School The Lane Elementary School Walker Elementary School Clarendon Hills Elementary School Hinsdale Elementary School Prospect Elementary School Page 6

7 Actual Enrollment ( ) Actual Enrollment ( ) Projected Enrollment from Kasarda Series B Projections Projected Enrollment from Kasarda Series B Projections PreKindergarten Kindergarten st Grade nd Grade rd Grade th Grade th Grade th Grade th Grade th Grade ,839 3,810 3,857 3,840 Debt Service The District s Standard & Poor s Bond Rating is AAA, which allows the District to obtain the most favorable interest rates. The District issued refunding bonds to refund a portion of the 2004, 2005 and 2007 bonds since 2010 through The savings generated from these series of refunding issues amounted to 11,025,526. On a present value basis, the amount is equivalent to 9,082,973 in today s dollars as of June 30, The future annual bond payments will decrease from a high of 11,322,500 to 8,359,300. The remaining debt obligations will be fully retired by the end of June 30, Total debt issued as a result of a bond referendum or refunding issues are 68,145,000 as of June 30, The District will be debt free from debt originating from a referendum by The tax levy to pay for the debt will be completed by The debt service levy of 8,359,300 will be eliminated in eight years. Operating Funds The Board of Education considers the Educational, Operations and Maintenance, Transportation, Municipal Retirement, and Working Cash Funds as the Operating Funds and looks to the aggregate of these funds to see if the total revenues exceed the total expenditures. Operating Revenues Tax Levy The tentative budget (Budget #3) contains a District levy with a 1,372,705 increase for the 2016 tax year, an increase of 2.38% over the prior year. Property Taxes Tax Levy: The Board of Education adopts a resolution to levy real estate taxes by the fourth Tuesday in December. After the District files the annual tax levy, the County Clerk computes the annual tax rate for the District, which typically occurs by the end of March for DuPage and by the end of June for Cook Page 7

8 County. Property Tax Limitation Law: In general, the annual growth permitted under the Limitation Law is the lesser of 5% or the percentage increase in the CPI during the calendar year preceding the levy year. Taxes can also be increased due to new construction, referendum approval of tax rate increases, mergers and consolidations. The amount each levy contributes is half for the fiscal year as shown below: Estimated Property Tax Revenue (Operating Funds) for Budget #3 (CPI + New Construction) Tax Levy Fiscal Year Fiscal Year Fiscal Year 2015 Tax Levy 57,017,687 29,079,020 27,938, Tax Levy 58,288,910 29,727,344 28,561,566 57,666,011 Estimated Property Tax Revenue (Operating Funds) for Budget #4 (CPI) Tax Levy Fiscal Year Fiscal Year Fiscal Year 2015 Tax Levy 57,017,687 29,079,020 27,938, Tax Levy 57,416,811 29,354,633 28,062,178 57,293,300 Equalized Accessed Value (EAV) The equalized assessed valuation (EAV), more commonly referred to as the tax base, started to decrease in 2009 as a result of the recession that affected the national and global economy. The District s tax base has decreased 20% since However, this has not impacted the amount of tax revenue received because under the Property Tax Extension Limitation. The levy is extended based on the lesser of 5% or the Consumer Price Index as mentioned previously. Other Local Revenue Other local revenue is comprised of registration fees, donations, ERate revenues, corporate personal property replacement taxes and miscellaneous revenues. This revenue is estimated to be 1,700,034 for the budget. State Revenue Sources The State of Illinois provides two major funding vehicles to distribute aid to school districts, unrestricted and restricted state aid. Unrestricted State Aid The State of Illinois provides funding for schools through a foundation formula. The foundation level provides a guaranteed amount of funding through a partnership between state and local funding. The State of Illinois has separate formulas for determining state aid. The foundation formula is used for districts that have local funding less than 93% of the foundation level; the alternate formula is used for districts that have local funding that falls between 93% and 175% of the foundation level. The flat grant formula is used for Page 8

9 those districts where the local funds are 175% of the foundation level or greater. The foundation level state aid program is better known as General State Aid. General State Aid is unrestricted aid. District 181 qualifies for the flat grant formula amount of 218 per average daily attendance of the best three months of attendance. Additionally, the District receives a supplemental poverty grant paid at 355 per eligible student. There are 211 students who qualify as lowincome pupils. The District s General State Aid budget is estimated to be 942,085. Restricted State Aid Restricted state aid is distributed to school districts throughout the state through categorical grants. Categorical funding is funded on a reimbursement basis and is designed to support specific programs such as Special Education and Transportation. Additional grant programs fund items such as bilingual education, construction grants and school meal reimbursements. Restricted state aid is provided to all school districts within the state regardless of local property wealth. The District s state categorical and grant budget is expected to be 1,854,497. The total State Aid received by the District is anticipated to be 2,796,582. Federal Aid Federal aid is received by the District in the form of grants and other aid administered by the federal government. This includes aid for lowincome students to provide supplemental reading and math support and reimbursements for special education services provided to students with special needs. Other forms of aid are derived from reimbursements to the District for services provided to students who are covered under Medicaid funding and from ERate funding which provides rebates for telecommunication services. The total of all federal aid is anticipated to be 939,203. Operating Expenditures Expenditures are charges estimated during the fiscal year that involve the disbursement of cash or the establishment of an obligation without creating an asset or canceling a liability. The estimated expenditures/expenses are normally divided into eight categories: Salaries Benefits Purchased Services Supplies & Materials Capital Outlay Other Objects Gross salary for personal services rendered while on the payroll of the district. Fringe benefits paid by the district on behalf of the employee. Amounts paid for personal services rendered by personnel who are not district employees, and other services, which the district may purchase. Amount paid for material items of an expendable nature. Amount paid for the acquisition of fixed assets or additions to fixed assets. Amounts for goods and services not otherwise classified above. NonCapitalized Equipment Items that would be classified as capital assets except that they cost less than the capitalization threshold adopted by the school board but more than 500. Page 9

10 Termination Benefits Limited solely to payments made to terminated or retiring employees as compensation for unused sick or vacation days. Page 10

11 Budget History With this document, there are four (4) budgets: 1. Budget #1: Budget on Display During its meeting on August 15, 2016, the Board of Education approved putting this version of the budget on display for the public to review and comment. However, the Board requested that the administration return on September 12, 2016 and present a balanced budget with recommendations for reducing the deficit. 2. Budget #2: Proposed to the Board of Education on On September 12, 2016, the administration presented this budget to the Board of Education that was balanced based on a reduction of expenditures along with a minimal increase in revenue. However, property tax revenue included 30,000,000 in new construction and the Board of Education asked the administration to review this budget and recommend any reductions in order to reduce the reliance on new construction in determining the 2016 tax levy. 3. Budget #3: Tax Levy of CPI (.7%) + new construction (30,000,000) After reviewing Budget #2 after the Board of Education meeting on September 12, 2016, the administration was able to trim an additional 37,867 in expenditures without affecting the classroom, but maintains the level of property taxes generated by CPI and new construction. 4. Budget #4: Tax Levy of CPI (.7%) This budget is based on revenue generated with a.7% increase in property taxes. Reductions in expenditures occurred in order to have a balanced budget. Adjustments made to Tentative Budget #3 from Budget #2 Category/Account Amount Rationale Expenditures Salaries 23,320 Adjusted administrative salaries were inputted into the budget Benefits 0 No Changes Purchased Services 6,756 Was able to reduce the monthly payment of copier/printer lease Supplies & Materials 31,601 Reduced expenditures for classroom supplies (7,000) Reduced expenditures for food (7,600) Reduced expenditures for office supplies (7,000) Reduced miscellaneous expenditures (10,000) Capital Outlay 0 No changes Other Objects 0 No changes NonCapital Equipment 0 No changes Termination Benefits 0 No changes Page 11

12 Adjustments made to Tentative Budget #4 from Budget #2 Category/Account Amount Rationale Expenditures Salaries 148,320 Administrative salaries were inputted into the budget (23,320) Reduce staffing contingency by 125,000 (125,000) Benefits 0 No Changes Purchased Services 8,756 Reduction of the monthly payment of copier/printer lease (6,756) Reduced assessment services (2,000) Supplies & Materials 213,651 Reduced expenditures for classroom supplies (12,000) Reduced expenditures for food (7,650) Reduced expenditures for office supplies (9,000) Reduced miscellaneous expenditures (10,000) Reduced expenditures for new textbooks (175,000) Reduced principal s discretionary funds (9,000) Capital Outlay 0 No changes Other Objects 0 No changes NonCapital Equipment 0 No changes Termination Benefits 0 No changes Budget Closing The proposed budget has been prepared to provide a more comprehensive financial presentation to the Board of Education, local citizens and interested outside parties. We extend our appreciation to the members of the Board of Education for their interest and support in planning and conducting the financial operations of Community Consolidated School District 181 in a responsible and progressive manner. Respectfully, Kenneth E. Surma Assistant Superintendent of Business and Operations/CSBO Page 12

13 Estimated Receipts/Revenue Receipts/Revenues are the estimated monies to be received by District 181 that do not create an offsetting liability (debt obligation to repay) or cancel an asset. The estimated receipts/revenue are divided into four categories: Property Taxes Other Revenue State Revenue Federal Revenue Revenue earned from real estate within the boundaries of the school district. Revenue from sources other than property taxes, the state of Illinois or the federal government. Revenue from funds collected by the state and distributed to our District. Revenue from funds collected by the Federal Government and distributed to our District Hypotheticals and Assumptions The estimated receipts/revenues are formed around a set of basic assumptions and formulas. Listed below are the assumptions used to build the estimated receipts/revenues of the Tentative Budget for fiscal year General Assumptions The budget supports the District s Strategic Plan and instructional and operational goals. From the CCSD 181 DRAFT Strategic Plan: Strategic Goals & Objectives Finance & Facilities Ensure fiscal responsibility and appropriate resources for programming and facilities. Align financial budgets with the goals established in the strategic plan. Evaluate the return on investment of programs and expenditures as it relates to student outcomes. Maintain balanced and sustainable short and long term budgets. Maintain quality facilities that support student learning. Property Taxes Notes Additional Notes on Tentative Budget Budget #3 shows property taxes from the 2016 Tax Levy (received during calendar year 2017) are estimated to increase 0.7%, which is the unadjusted 12month Consumer Price Index for all Urban Consumers (CPIU). New construction has been included in the estimated revenue for property taxes at 30,000,000. By including new construction in the amount of 30,000,000, the district will receive approximately 800,000 in additional property tax revenue. Budget #4 shows property taxes from the 2016 Tax Levy (received during calendar year 2017) are estimated to increase 0.7%, which is the unadjusted 12month Consumer Price Index for all Urban Consumers (CPIU). No new construction has been included in this revenue projection. Corporate Personal Property Replacement Taxes (CPPRT) are based upon the performance of the Illinois economy and are allocated to the Educational, Operations & Maintenance, IMRF and Tort Liability Funds and are estimated to be constant with no increase or decrease. Other Revenue Notes All fees will remain constant with no increase or decrease. Curriculum and field trip fees for the school year were collected during Online Registration (April 2016). Fees are calculated using a 99% collection rate. Fees that are waived have been determined using the Free and Reduce Lunch Applications. Page 13

14 Donations have not been budgeted and will not be carriedover to the fiscal year unless an implementation plan has been developed. Revenue from the State of Illinois Notes General State Aid (GSA) has been budgeted at 100% of the expected income due to the appropriation bill passed by the state legislature for educational funding. The state has appropriated an additional 127,498 in General State Aid to the District. Categorical aid has been calculated to remain constant based on the appropriation bill passed by the state legislature for educational funding. Reimbursement for Private Facility Tuition will increase due to an increase in the number of students receiving services outofdistrict. Reimbursement from the Transportation Claim has been prorated at 80%. Revenue from the Federal Government Notes Estimated revenue received by Federal Grants will remain constant with no expected increase or decrease. A decrease in carryover money will occur due to more tracking and appropriate use of the revenue. Medicaid Administrative Outreach reimbursement will increase due to the implementation of monitoring procedures. Page 14

15 Community Consolidated School District 181 CCSD Tentative Budget Revenues: Operating Funds Budget #1: Display Budget #2: Proposed to BOE Budget #3: Levy of CPI (.7%) + New Construct. Budget #4: Levy of CPI (.7%) Budget on Display Proposed Budget from BOE Meeting of September 12, 2016 #2 to Budget #1 CPI + New Construction (30,000,000) #3 to Budget #2 CPI (0.7%) #4 to Budget #2 Revenues Property Taxes 58,176,011 58,176,011 58,176,011 57,803,300 (372,711) Property Tax Revenue 57,666,011 57,666,011 57,666,011 57,293,300 (372,711) Corporate Personal Property Tax 510, , , ,000 Other Revenue 1,678,033 1,698,033 20,000 1,698,033 1,698,033 Food & Milk Revenue 40,747 40,747 40,747 40,747 Interest Revenue 39,000 39,000 39,000 39,000 Registration & Activity Fees 903, , , ,542 Tuition Revenue 235, ,000 20, , ,000 Miscellaneous Revenue 459, , , ,744 Field Trip Fees State Revenue 2,796,582 2,796,582 2,796,582 2,796,582 General State Aid 942, , , ,085 Revenue from Grants 27,497 27,497 27,497 27,497 Special Education Revenue 1,537,000 1,537,000 1,537,000 1,537,000 Transportation Reimbursement Revenue 290, , , ,000 Miscellaneous State Revenue Federal Revenue 939, , , ,203 IDEA Grant 666, , , ,278 IDEA PreK Grant 20,879 20,879 20,879 20,879 Special Education Reimbursement 50,000 50,000 50,000 50,000 Title I 110, , , ,597 Title II 68,327 68,327 68,327 68,327 Title III 19,122 19,122 19,122 19,122 Miscellaneous Federal Revenue 4,000 4,000 4,000 4,000 Total Revenue for Operating Funds: 63,589,829 63,609,829 20,000 63,609,829 63,237,118 (372,711) Page 15

16 Community Consolidated School District 181 CCSD Tentative Budget Revenues: All Funds Revenues Budget #1: Display Budget #2: Proposed to BOE Budget #3: Levy of CPI (.7%) + New Construct. Budget #4: Levy of CPI (.7%) Budget on Display Proposed Budget from BOE Meeting of September 12, 2016 #2 to Budget #1 CPI + New Construction (30,000,000) #3 to Budget # Proposed Budget with 2016 Levy of CPI (0.7%) #4 to Budget #2 Property Taxes 65,623,192 65,623,192 65,623,192 65,250,481 (372,711) Property Tax Revenue 65,113,192 65,113,192 65,113,192 64,740,481 (372,711) Corporate Personal Property Tax 510, , , ,000 Other Revenue 1,680,033 1,700,033 20,000 1,700,033 1,700,033 Food & Milk Revenue 40,747 40,747 40,747 40,747 Interest Revenue 41,000 41,000 41,000 41,000 Registration & Activity Fees 903, , , ,542 Tuition Revenue 235, ,000 20, , ,000 Miscellaneous Revenue 459, , , ,744 Field Trip Fees State Revenue 2,796,582 2,796,582 2,796,582 2,796,582 General State Aid 942, , , ,085 Revenue from Grants 27,497 27,497 27,497 27,497 Special Education Revenue 1,537,000 1,537,000 1,537,000 1,537,000 Transportation Reimbursement Revenue 290, , , ,000 Miscellaneous State Revenue Federal Revenue 939, , , ,203 IDEA Grant 666, , , ,278 IDEA PreK Grant 20,879 20,879 20,879 20,879 Special Education Reimbursement 50,000 50,000 50,000 50,000 Title I 110, , , ,597 Title II 68,327 68,327 68,327 68,327 Title III 19,122 19,122 19,122 19,122 Miscellaneous Federal Revenue 4,000 4,000 4,000 4,000 Total Revenue: 71,039,010 71,059,010 20,000 71,059,010 70,686,299 (372,711) Page 16

17 Community Consolidated School District 181 CCSD Tentative Budget Revenues: Debt Service Fund Revenues Property Taxes Other Revenue State Revenue #2 to Budget #1 #3 to Budget #2 #4 to Budget #2 7,447,181 7,447,181 7,447,181 7,447,181 Property Tax Revenue 7,447,181 7,447,181 7,447,181 7,447,181 Corporate Personal Property Tax 2,000 2,000 2,000 2,000 Food & Milk Revenue Interest Revenue 2,000 2,000 2,000 2,000 Registration & Activity Fees Tuition Revenue Miscellaneous Revenue Field Trip Fees General State Aid Revenue from Grants Special Education Revenue Transportation Reimbursement Revenue Federal Revenue Miscellaneous State Revenue IDEA Grant IDEA PreK Grant Special Education Reimbursement Title I Title II Title III Miscellaneous Federal Revenue Total Revenue for Operating Funds: Budget #1: Display Budget #2: Proposed to BOE Budget #3: Levy of CPI (.7%) + New Construct. Budget #4: Levy of CPI (.7%) Budget on Display Proposed Budget from BOE Meeting of September 12, 2016 CPI + New Construction (30,000,000) Proposed Budget with 2016 Levy of CPI (0.7%) 7,449,181 7,449,181 7,449,181 7,449,181 Page 17

18 Community Consolidated School District 181 CCSD Tentative Budget Revenues: Capital Projects Fund Revenues Property Taxes Other Revenue State Revenue #2 to Budget #1 #3 to Budget #2 #4 to Budget #2 Property Tax Revenue Corporate Personal Property Tax Food & Milk Revenue Interest Revenue Registration & Activity Fees Tuition Revenue Miscellaneous Revenue Field Trip Fees General State Aid Revenue from Grants Special Education Revenue Transportation Reimbursement Revenue Federal Revenue Miscellaneous State Revenue IDEA Grant IDEA PreK Grant Special Education Reimbursement Title I Title II Title III Miscellaneous Federal Revenue Total Revenue for Operating Funds: Budget #1: Display Budget #2: Proposed to BOE Budget #3: Levy of CPI (.7%) + New Construct. Budget #4: Levy of CPI (.7%) Budget on Display Proposed Budget from BOE Meeting of September 12, 2016 CPI + New Construction (30,000,000) Proposed Budget with 2016 Levy of CPI (0.7%) Page 18

19 Estimated Expenditures/Expenses Expenditures are charges estimated during the fiscal year that involve the disbursement of cash or the establishment of an obligation without creating an asset or canceling a liability. The estimated expenditures/expenses are normally divided into eight categories: Salaries Benefits Purchased Services Supplies & Materials Capital Outlay Other Objects NonCapitalized Equipment Termination Benefits Gross salary for personal services rendered while on the payroll of the district. Fringe benefits paid by the district on behalf of the employee. Amounts paid for personal services rendered by personnel who are not district employees, and other services, which the district may purchase. Amount paid for material items of an expendable nature. Amount paid for the acquisition of fixed assets or additions to fixed assets. Amounts for goods and services not otherwise classified above. Items that would be classified as capital assets except that they cost less than the capitalization threshold adopted by the school board but more than 500. Limited solely to payments made to terminated or retiring employees as compensation for unused sick or vacation days. Hypotheticals and Notes and HiLites The estimated expenditures/expenses are formed around a set of basic assumptions and formulas. Listed below are the assumptions used to build the estimated expenditures/expenses of the Tentative Budget for fiscal year General Assumptions The budget supports the District s Strategic Plan and instructional and operational goals. From the CCSD 181 DRAFT Strategic Plan: Strategic Goals & Objectives Finance & Facilities Ensure fiscal responsibility and appropriate resources for programming and facilities. Align financial budgets with the goals established in the strategic plan. Evaluate the return on investment of programs and expenditures as it relates to student outcomes. Maintain balanced and sustainable short and long term budgets. Maintain quality facilities that support student learning. Expenditures Included in the Proposed Budget Salaries In Budget #3, salaries include a 225,000 contingency for certified staff In Budget #4, salaries include a 100,000 contingency for certified staff Salaries include a 50,000 contingency for classified staff Purchased Services Includes 125,00 for Schematic Design Services for Cordogan Clark & Associates Includes 60,000 for the Strategic Plan implementation: ECRISS Page 19

20 Suppliers & Materials In Budget #3, an expenditure/expense of 350,000 is allocated for new textbooks In Budget #4, an expenditure/expense of 175,000 is allocated for new textbooks An expenditure of 180,000 for supplemental textbooks for curriculum Capital Outlay An expenditure/expense of 70,000 is allocated for the replacement of carpet in the Elm MRC (FCAR High Priority Item) An expenditure/expense of 35,000 is allocated for the repair/replacement of the playground surface at Oak An expenditure/expense of 7,000 is allocated for the repair of asphalt at Monroe An expenditure/expense of 308,000 is allocated for the repair of the roof at HMS An expenditure/expense of 12,500 is allocated for the repair/replacement of tile at HMS An expenditure/expense of 12,000 is allocated for the installation of hand rails on the stairways at Hinsdale Middle School An expenditure/expense of 34,500 is allocated for the replacement of lockers at CHMS An expenditure/expense of 13,100 is allocated for the repair of the MRC carpet at CHMS An expenditure/expense of 9,800 is allocated for the repair/replacement of batteries in the emergency lights at CHMS An expenditure/expense of 45,000 is allocated to replace a District vehicle for Building & Grounds Other Objects An expenditure/expense of 362,000 is allocated for private school tuition for Special Education. An expenditure/expense of 7,949,243 is allocated for bond & interest payments. An expenditure/expense of 552,633 is allocated for the following current lease payments: o 191,000 for the 2 nd year of 5year lease for rental of the Administrative Center at 115 West 55 th Street o 175,000 for the 2 nd year of 4year lease for technology infrastructure. o 186,000 for the 2 nd year of 3year lease for technology devices. Termination Benefits An expenditure/expense of 120,000 is allocated for postretirement benefits for employees. Page 20

21 Community Consolidated School District 181 CCSD Tentative Budget Expenditures: Operating Funds Budget #1: Display Budget #2: Proposed to BOE Budget #3: Levy of CPI (.7%) + New Construct. Budget #4: Levy of CPI (.7%) Budget on Display Proposed Budget from BOE Meeting of September 12, 2016 #2 to Budget #1 CPI + New Construction (30,000,000) #3 to Budget #2 CPI (0.7%) #4 to Budget #2 Expenditures Item SubTotal FTE Object Total Item SubTotal FTE Object Total Item SubTotal FTE Object Total Item SubTotal FTE Object Total Salaries 41,943,544 42,289, ,481 42,265,705 (23,320) 42,140,705 (148,320) Administration 3,058, ,176, ,757 3,153, (23,320) 3,153, (23,320) Certified Staff 31,194, ,320, ,753 31,320, ,195, (125,000) Classified Staff 5,410, ,469, ,543 5,469, ,469, Lunchroom Supervisors 241, , (51,000) 190, , Stipends Certified 826, , , , , Stipends Classified 74, , (20,000) 54, , Substitutes Certified 730, , , , Substitutes Classified 201, , , , Tutors 206, , , , Employee Benefits 10,027,508 10,014,108 (13,400) 10,014,108 10,014,108 IMRF 2,006,486 2,006,486 (0) 2,006,486 2,006,486 Insurance: Health, Dental, Disability 7,447,636 7,452,756 5,120 7,452,756 7,452,756 Retirement: TRS 539, , , ,866 Miscellaneous Benefits 33,520 15,000 (18,520) 15,000 15,000 15,000 Purchased Services 6,200,774 5,719,406 (481,368) 5,712,650 (6,756) 5,710,650 (8,756) Consultants 88,000 88,000 88,000 88,000 Facility Repairs & Maintenance 718, ,025 (10,000) 708, ,025 Field Trip Entry Fees 128, , , ,912 0 Insurance: Liability 578, ,501 (75,000) 503, ,501 (0) Legal Services 150, , , ,000 Portable Classroom: HMS 55,000 55,000 55,000 55,000 Professional & Technical Services 1,691,133 1,520,993 (170,140) 1,514,237 (6,756) 1,512,237 (8,756) Professional Development: Administration 82,000 53,200 (28,800) 53,200 53,200 Professional Development: Certified 133, ,644 (29,200) 104, ,644 Professional Development: Classified 18,100 13,100 (5,000) 13,100 13,100 Software Licenses 570, ,131 (142,229) 428, ,131 Telephone 115, , , ,000 Transportation Services 1,804,400 1,784,400 (20,000) 1,784,400 1,784,400 Travel 21,900 20,900 (1,000) 20,900 20,900 Utilities 45,600 45,600 45,600 45,600 Miscellaneous Purchased Services Supplies & Materials 2,757,434 2,480,760 (276,674) 2,449,159 (31,601) 2,267,109 (213,651) Supplies: Activities 27,500 20,500 (7,000) 20,500 20,500 Supplies: Assessment 142,300 93,300 (49,000) 93,300 93,300 Supplies: Classroom 463, ,650 (95,343) 361,650 (7,000) 356,650 (12,000) Supplies: Computer 60,300 42,000 (18,300) 42,000 42,000 Supplies: Custodial 315, , , ,000 Supplies: Food 17,700 16,700 (1,000) 9,100 (7,600) 9,050 (7,650) Supplies: Office 167, ,085 (10,031) 150,085 (7,000) 148,085 (9,000) Textbooks 566, , , ,900 (175,000) Utilities 801, ,000 (60,000) 741, ,000 Miscellaneous Supplies & Materials 195, ,625 (36,000) 149,625 (10,000) 149,625 (10,000) Capital Outlay 409, ,500 (17,500) 391, ,500 Equipment 224, ,500 (2,500) 221, ,500 MRC Furniture 75,000 75,000 75,000 75,000 Security Improvements 65,000 65,000 65,000 65,000 Vehicle Replacment 45,000 30,000 (15,000) 30,000 30,000 Capital Projects Page 21

22 Community Consolidated School District 181 CCSD Tentative Budget Expenditures: Operating Funds Budget #1: Display Budget #2: Proposed to BOE Budget #3: Levy of CPI (.7%) + New Construct. Budget #4: Levy of CPI (.7%) Budget on Display Proposed Budget from BOE Meeting of September 12, 2016 #2 to Budget #1 CPI + New Construction (30,000,000) #3 to Budget #2 CPI (0.7%) #4 to Budget #2 Expenditures Item SubTotal FTE Object Total Item SubTotal FTE Object Total Item SubTotal FTE Object Total Item SubTotal FTE Object Total Other Objects 577, ,145 (37,500) 540, ,145 Dues & Fees 65,645 65,145 (500) 65,145 65,145 Bond & Interest Payments Lease Payments Tuition: Special Education 482, ,000 (37,000) 445, ,000 Miscellaneous Other Objects 30,000 30,000 30,000 30,000 NonCapital Equipment 414, ,303 (82,386) 332, ,303 Digital Learning Environment 245,000 (245,000) Technology 48, , , , ,671 Miscellaneous 121, ,632 32, , ,632 Termination Benefits 120, , , ,000 Termination Benefits 120, , , ,000 Total Expenditures: 62,450,593 61,887,247 (563,346) 61,825,570 (61,677) 61,516,521 (370,726) Page 22

23 Community Consolidated School District 181 CCSD Tentative Budget Expenditures: All Funds Budget #1: Display Budget #2: Proposed to BOE Budget #3: Levy of CPI (.7%) + New Construct. Budget #4: Levy of CPI (.7%) Budget on Display Proposed Budget from BOE Meeting of September 12, 2016 #2 to Budget #1 CPI + New Construction (30,000,000) #3 to Budget #2 CPI (0.7%) #4 to Budget #2 Expenditures Item SubTotal FTE Object Total Item SubTotal FTE Object Total Item SubTotal FTE Object Total Item SubTotal FTE Object Total Salaries 41,943,544 42,289, ,481 42,265,705 (23,320) 42,140,705 (148,320) Administration 3,058, ,176, ,757 3,153, (23,320) 3,153, (23,320) Certified Staff 31,194, ,320, ,753 31,320, ,195, (125,000) Classified Staff 5,410, ,469, ,543 5,469, ,469, Lunchroom Supervisors 241, , (51,000) 190, , Stipends Certified 826, , , , , Stipends Classified 74, , (20,000) 54, , Substitutes Certified 730, , , , Substitutes Classified 201, , , , Tutors 206, , , , Employee Benefits 10,027,508 10,014,108 (13,400) 10,014,108 10,014,108 IMRF 2,006,486 2,006,486 (0) 2,006,486 2,006,486 Insurance: Health, Dental, Disability 7,447,636 7,452,756 5,120 7,452,756 7,452,756 Retirement: TRS 539, , , ,866 Miscellaneous Benefits 33,520 15,000 (18,520) 15,000 15,000 Purchased Services 6,236,774 5,880,406 (356,368) 5,873,650 (6,756) 5,871,650 (8,756) Consultants 88,000 88,000 88,000 88,000 Facility Repairs & Maintenance 718, ,025 (10,000) 708, ,025 Field Trip Entry Fees 128, , , ,912 0 Insurance: Liability 578, ,501 (75,000) 503, ,501 (0) Legal Services 150, , , ,000 Portable Classroom: HMS 55,000 55,000 55,000 55,000 Professional & Technical Services 1,727,133 1,681,993 (45,140) 1,675,237 (6,756) 1,673,237 (8,756) Professional Development: Administration 82,000 53,200 (28,800) 53,200 53,200 Professional Development: Certified 133, ,644 (29,200) 104, ,644 Professional Development: Classified 18,100 13,100 (5,000) 13,100 13,100 Software Licenses 570, ,131 (142,229) 428, ,131 Telephone 115, , , ,000 Transportation Services 1,804,400 1,784,400 (20,000) 1,784,400 1,784,400 Travel 21,900 20,900 (1,000) 20,900 20,900 Utilities 45,600 45,600 45,600 45,600 Miscellaneous Purchased Services Supplies & Materials 2,757,434 2,480,760 (276,674) 2,449,159 (31,601) 2,267,109 (213,651) Supplies: Activities 27,500 20,500 (7,000) 20,500 20,500 Supplies: Assessment 142,300 93,300 (49,000) 93,300 93,300 Supplies: Classroom 463, ,650 (95,343) 361,650 (7,000) 356,650 (12,000) Supplies: Computer 60,300 42,000 (18,300) 42,000 42,000 Supplies: Custodial 315, , , ,000 Supplies: Food 17,700 16,700 (1,000) 9,100 (7,600) 9,050 (7,650) Supplies: Office 167, ,085 (10,031) 150,085 (7,000) 148,085 (9,000) Textbooks 566, , , ,900 (175,000) Utilities 801, ,000 (60,000) 741, ,000 Miscellaneous Supplies & Materials 195, ,625 (36,000) 149,625 (10,000) 149,625 (10,000) Capital Outlay 940, ,900 (42,500) 897, ,900 Equipment 224, ,500 (2,500) 221, ,500 MRC Furniture 75,000 75,000 75,000 75,000 Security Improvements 65,000 65,000 65,000 65,000 Vehicle Replacment 45,000 30,000 (15,000) 30,000 30,000 Capital Projects 531, ,400 (25,000) 506, ,400 Page 23

24 Community Consolidated School District 181 CCSD Tentative Budget Expenditures: All Funds Budget #1: Display Budget #2: Proposed to BOE Budget #3: Levy of CPI (.7%) + New Construct. Budget #4: Levy of CPI (.7%) Budget on Display Proposed Budget from BOE Meeting of September 12, 2016 #2 to Budget #1 CPI + New Construction (30,000,000) #3 to Budget #2 CPI (0.7%) #4 to Budget #2 Expenditures Item SubTotal FTE Object Total Item SubTotal FTE Object Total Item SubTotal FTE Object Total Item SubTotal FTE Object Total Other Objects 9,079,521 9,042,021 (37,500) 9,042,021 9,042,021 Dues & Fees 65,645 65,145 (500) 65,145 65,145 Bond & Interest Payments 7,949,243 7,949,243 7,949,243 7,949,243 Lease Payments 552, , , ,633 Tuition: Special Education 482, ,000 (37,000) 445, ,000 Miscellaneous Other Objects 30,000 30,000 30,000 30,000 NonCapital Equipment 414, ,303 (82,386) 332, ,303 Digital Learning Environment 245,000 (245,000) Technology 48, , , , ,671 Miscellaneous 121, ,632 32, , ,632 Termination Benefits 120, , , ,000 Termination Benefits 120, , , ,000 Total Expenditures: 71,519,869 71,056,523 (463,346) 70,994,846 (61,677) 70,685,797 (370,726) Page 24

25 Community Consolidated School District 181 CCSD Tentative Budget Debt Service Fund Budget #1: Display Budget #2: Proposed to BOE Budget #3: Levy of CPI (.7%) + New Construct. Budget #4: Levy of CPI (.7%) Budget on Display Proposed Budget from BOE Meeting of September 12, 2016 #2 to Budget #1 CPI + New Construction (30,000,000) #3 to Budget #2 CPI (0.7%) #4 to Budget #2 Expenditures Item SubTotal FTE Object Total Item SubTotal FTE Object Total Item SubTotal FTE Object Total Item SubTotal FTE Object Total Salaries Administration Certified Staff Classified Staff Lunchroom Supervisors Stipends Certified Stipends Classified Substitutes Certified Substitutes Classified Tutors Employee Benefits IMRF Insurance: Health, Dental, Disability Retirement: TRS Miscellaneous Benefits Purchased Services 6,000 6,000 6,000 6,000 Consultants Facility Repairs & Maintenance Field Trip Entry Fees Insurance: Liability Legal Services Portable Classroom: HMS Professional & Technical Services 6,000 6,000 6,000 6,000 Professional Development: Administration Professional Development: Certified Professional Development: Classified Software Licenses Telephone Transportation Services Travel Utilities Miscellaneous Purchased Services Supplies & Materials Supplies: Activities Supplies: Assessment Supplies: Classroom Supplies: Computer Supplies: Custodial Supplies: Food Supplies: Office Textbooks Utilities Miscellaneous Supplies & Materials Capital Outlay Equipment MRC Furniture Security Improvements Vehicle Replacment Capital Projects Page 25

26 Community Consolidated School District 181 CCSD Tentative Budget Debt Service Fund Budget #1: Display Budget #2: Proposed to BOE Budget #3: Levy of CPI (.7%) + New Construct. Budget #4: Levy of CPI (.7%) Budget on Display Proposed Budget from BOE Meeting of September 12, 2016 #2 to Budget #1 CPI + New Construction (30,000,000) #3 to Budget #2 CPI (0.7%) #4 to Budget #2 Expenditures Item SubTotal FTE Object Total Item SubTotal FTE Object Total Item SubTotal FTE Object Total Item SubTotal FTE Object Total Other Objects 8,501,876 8,501,876 8,501,876 8,501,876 Dues & Fees Bond & Interest Payments 7,949,243 7,949,243 7,949,243 7,949,243 Lease Payments 552, , , ,633 Tuition: Special Education Miscellaneous Other Objects NonCapital Equipment Digital Learning Environment Technology Miscellaneous Termination Benefits Termination Benefits Total Expenditures: 8,507,876 8,507,876 8,507,876 8,507,876 Page 26

27 Community Consolidated School District 181 CCSD Tentative Budget Capital Projects Fund Budget #1: Display Budget #2: Proposed to BOE Budget #3: Levy of CPI (.7%) + New Construct. Budget #4: Levy of CPI (.7%) Budget on Display Proposed Budget from BOE Meeting of September 12, 2016 #2 to Budget #1 CPI + New Construction (30,000,000) #3 to Budget #2 CPI (0.7%) #4 to Budget #2 Expenditures Item SubTotal FTE Object Total Item SubTotal FTE Object Total Item SubTotal FTE Object Total Item SubTotal FTE Object Total Salaries Administration Certified Staff Classified Staff Lunchroom Supervisors Stipends Certified Stipends Classified Substitutes Certified Substitutes Classified Tutors Employee Benefits IMRF Insurance: Health, Dental, Disability Retirement: TRS Miscellaneous Benefits Purchased Services 30, , , , ,000 Consultants Facility Repairs & Maintenance Field Trip Entry Fees Insurance: Liability Legal Services Portable Classroom: HMS Professional & Technical Services 30, , , , ,000 Professional Development: Administration Professional Development: Certified Professional Development: Classified Software Licenses Telephone Transportation Services Travel Utilities Miscellaneous Purchased Services Supplies & Materials Supplies: Activities Supplies: Assessment Supplies: Classroom Supplies: Computer Supplies: Custodial Supplies: Food Supplies: Office Textbooks Utilities Miscellaneous Supplies & Materials Capital Outlay 531, ,400 (25,000) 506, ,400 Equipment MRC Furniture Security Improvements Vehicle Replacment Capital Projects 531, ,400 (25,000) 506, ,400 Page 27

28 Community Consolidated School District 181 CCSD Tentative Budget Capital Projects Fund Budget #1: Display Budget #2: Proposed to BOE Budget #3: Levy of CPI (.7%) + New Construct. Budget #4: Levy of CPI (.7%) Budget on Display Proposed Budget from BOE Meeting of September 12, 2016 #2 to Budget #1 CPI + New Construction (30,000,000) #3 to Budget #2 CPI (0.7%) #4 to Budget #2 Expenditures Item SubTotal FTE Object Total Item SubTotal FTE Object Total Item SubTotal FTE Object Total Item SubTotal FTE Object Total Other Objects Dues & Fees Bond & Interest Payments Lease Payments Tuition: Special Education Miscellaneous Other Objects NonCapital Equipment Digital Learning Environment Technology Miscellaneous Termination Benefits Termination Benefits Total Expenditures: 561, , , , ,400 Page 28