Budget Discussion for FY Celebrate! Gaston County Schools

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Madeleine Townsend
5 years ago
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1 Budget Discussion for FY

2 Funding Review Operating Expenses Budget Calendar Budget Process Fund Balance

3 Capital Funding for the construction of new schools, additions to existing schools and maintenance and repairs of existing buildings Operating Funding for the daily operation of GCS for the purposes of fulfilling the vision and mission statement set forth by the Board of Education

4 Capital needs are funded by the County We have approximately 5 million square feet of building space For FY we requested $5.2 million ($1.05/sf) for annual maintenance we received $1.2 million ($0.25/sf)

5 There is $40 million in unissued bond funds remaining from the 2007 bond authorization The County has agreed to use the unissued bond proceeds to fund the construction of a replacement middle school in the Southpoint Township The Operations Committee will make recommendations to the Board regarding the capital needs of GCS

6 Who Determines the Level of School Funding? NC General Assembly and DPI Gaston County Commissioners Various Federal Agencies Other Grant Agencies Funding is largely driven by ADM (Average Daily Membership) and identified needs (economic factors, disabilities, etc.)

7 Federal Grants 1% Child Nutrition 7% Restricted Grants 3% State Fund 69% SOURCES OF REVENUE State Fund $ 171,756,843 County 46,101,704 GCS Fund Balance 3,149,000 Federal Grants 2,575,573 Child Nutrition 17,578,248 Restricted Grants 6,988,624 TOTAL $ 248,149,992 GCS Fund Balance 1% County 19%

8 LEA Name Durham County Schools Cleveland County Schools New Hanover County Schools Buncombe County Schools Charlotte-Mecklenburg Schools Rowan-Salisbury Schools Catawba County Schools Union County Schools Iredell-Statesville Schools Johnston County Schools Gaston County Schools Cabarrus County Schools Lincoln County Schools

9 Funding Review Operating Expenses Budget Calendar Budget Process Fund Balance

2,337,081 Child Nutrition 17,874,175 TOTAL 249,123,493 School Leadership 5% Tech Support 2% Ops

10 BUDGETED EXPENDITURES Instructional Services 175,246,711 School Leadership 13,463,258 Tech Support 4,406,422 Ops Support 25,933,165 Other Support Services 9,862,681 Charter School/Other Pmts 2,337,081 Child Nutrition 17,874,175 TOTAL 249,123,493 School Leadership 5% Tech Support 2% Ops Support Other Support 11% Services 4% Charter School/Other Pmts 1% Instructional Services 70% Child Nutrition 7%

11 Funding Review Operating Expenses Budget Calendar Budget Process Fund Balance

12 January 14 Board retreat January & February Meet with Fund Managers and Department Directors March 6 Board budget work session March 20 Present Superintendent s budget to Board of Education April 17 Board adoption of budget resolution

13 May 15 Deliver Board of Education budget request to County May or June County approves local budget June 19 Board of Education approves balanced interim budget July or August General Assembly and the Governor approves State budget August or September Board of Education approves final budget resolution

14 Funding Review Operating Expenses Budget Calendar Budget Process Fund Balance

15 Some of the decisions that need to be made: What new initiatives and/or expansions should be funded Which existing programs should be modified and/or eliminated How to best realize cost savings opportunities How do we prioritize our capital needs

16 Monitor effectiveness of current budget Attend State budgeting seminars and read materials from trade organizations regarding budget issues Solicit input from Stakeholders Identify funding priorities Communicate results to Superintendent and Board for further direction

17 District Leadership Principals Teachers Parents Students Community and Business Leaders

18 Please check the box next to the initiatives listed below that you believe best supports the educational goals of the District. Please only select your top five choices (all are important): Increase Teacher Supplement More Teacher Assistants Incr. Principal/AP Supplement More K-3 Literacy Teachers Increase Classified Salaries Increase Student Support Expand CTE Program Offerings More Assistant Principals Offer more Remediation Programs Increase Instructional Support Expand AIG Program More School Support Staff Increase the Number of AP Classes Increase Use of Digital Textbooks Offer more ESL Classes Provide more Computing Devices Increase Funding for the Arts Increase Number of Library Books Increase Professional Development Expand Classroom Libraries Provide more Choice Options Other

19 Request additional funding from the Gaston County Commissioners Use a portion of the GCS unassigned fund balance Implement additional cost savings measures and use savings for new initiatives Reallocate funding from one initiative to another

20 Last year, we requested $6.5 million of additional operating funds from the County - we received $1.0 million of funding for increase teacher salary supplements Property tax revaluations were lower in 2015, so additional County funding may be challenging County also provides funding for capital needs and these needs are significant

21 Funding Review Operating Expenses Budget Calendar Budget Process Fund Balance

22 Use of fund balance will ensure that we address some of our primary funding priorities Unassigned fund balance totaled $4.3 million at June 30, 2016 There are risks associated with funding ongoing costs with fund balance

2007 2008 2009 2010 2011 Unassigned Fund Balance 752,407 393,500 4,472,775 6,619,094

2012 2013 2014 2015 2016 Unassigned Fund Balance 6,810,382 8,543,572 8,421,435

23 Unassigned Fund Balance 752, ,500 4,472,775 6,619,094 11,475,596 Change in Fund Balance 488,600 (358,907) 4,079,275 2,146,319 4,856, Unassigned Fund Balance 6,810,382 8,543,572 8,421,435 6,299,324 4,267,131 Change in Fund Balance (4,665,214) 1,733,190 (122,137) (2,122,111) (2,032,193)

24 LEA Name ADM Unassigned Fund Balance Source: LEA's CAFR (Exhibits 3 and 4) & DPI website (ADM) Total Revenues Fund Balance / Revenues Catawba County Schools 16,333 53, ,526, % Union County Schools 41, , ,635, % Lincoln County Schools 11,410 1,122,241 94,937, % Durham County Schools 33,144 4,717, ,475, % Johnston County Schools 34,452 4,141, ,583, % Gaston County Schools 31,555 4,267, ,030, % AVERAGE 26,148 4,784, ,965, % Cabarrus County Schools 31,260 6,127, ,466, % Cleveland County Schools 14,906 3,486, ,338, % Iredell-Statesville Schools 20,643 6,186, ,523, % New Hanover County Schools 25,901 17,223, ,135, %

25 We should always focus on fulfilling the GCS Vision to inspire success and a lifetime of learning in everything we do!

SUPERINTENDENT S BUDGET RECOMMENDATION

SUPERINTENDENT S BUDGET RECOMMENDATION G U I L F O RD C O U N T Y B O A R D O F E D U C AT ION A P R I L 1 0, 2 0 18 S H A R O N L. C O N T R E R A S, P H. D. S U P E R I N T E N D E N T Funding Trends