Santa Rosa Independent School District

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Sheila Flynn
5 years ago
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1 Santa Rosa Independent School District Budget Book & ASBO s Meritorious Budget Award Region One Education Service Center Finance Advisory Council Friday, April 20 th,

Award (MBA) understand the importance of presenting an

2 Why would Region One Districts do this? School districts that apply for the Meritorious Budget Award (MBA) understand the importance of presenting an accessible and accurate budget to build trust and clear communication with stakeholders 2

3 Applying for the MBA promotes your district s... Skills in developing an effective budget presentation Compliance with clear budget presentation guidelines Commitment to the community through a reader-friendly budget Communication between departments to develop shortand long-term strategies 3

4 Awarded school systems receive... Comprehensive comments about your budget from professional reviewers An award certificate A letter of accomplishment A prestigious perpetual plaque (MBA) 4

5 Awarded school systems receive... 5

6 Awarded school systems receive... 6

7 How to Apply Complete MBA application Prepare Cover letter specifying any MBA criteria that do not apply to your school district Complete MBA Criteria Checklist (Need to use version) Budget document or link to your budget document Must be submitted within 90 days of your budget s legal approval 7

8 MBA Criteria Checklist The Checklist ensures that your Budget book is complete for submission For each criteria, the District will put the page numbers where it can be found The Checklist gives tips, suggestions, and notes on how to complete certain criteria Eleven pages of fun ds/mba/mba-criteria-checklist pdf 8

9 MBA Criteria Checklist 9

10 MBA Criteria Checklist Finance Example 10

11 Fees Application fees are based on your district s total revenue Total Revenue, All Funds ASBO International Non-Member Member Less than $50 million $660 $1,000 $50 million $200 million $1,060 $1,375 $200 million $1 billion $1,110 $1,425 11

12 Who Reviews My Submission? Your application materials are reviewed by a team of professional accountants and government auditors who have received additional MBA criteria-specific training from ASBO International As part of the review, comments are provided to be used in preparation of subsequent budget submissions The same review team does not review your submission each year; subsequent years documents are sent to different reviewers The review process takes approximately 3-6 months 12

13 & MBA Recipients Allen Independent School District Alief Independent School District Allen Houston Alvin Independent School District Arlington Independent School District Alvin Arlington Austin Independent School District Carrollton-Farmers Branch Independent School District Austin Carrollton Clear Creek Independent School District Conroe Independent School District League City Conroe Dallas Independent School District Fort Worth Independent School District Dallas Fort Worth Harris County Department of Education Houston Independent School District Houston Houston Klein Independent School District Leander Independent School District Klein Leander Magnolia Independent School District Mansfield Independent School District Magnolia Mansfield Northwest Independent School District Pasadena Independent School District Fort Worth Pasadena San Antonio Independent School District Westlake Academy San Antonio Westlake Wylie Independent School District Santa Rosa Independent School District Wylie Santa Rosa (for ) 13

14 Good PR for your District 14

15 Budget Book Review 15

16 Budget Book Review INTRODUCTORY SECTION Transmittal Letter from Superintendent Villarreal and CFO Robledo 8 Executive Summary 9 ORGANIZATIONAL SECTION Description of Santa Rosa ISD 32 Map of Santa Rosa ISD 33 Mission Statement 33 Services Provided 34 Enrollment 34 Major Initiatives 35 Principal Officials, Consultants & Advisors 37 Organizational Chart 38 Organizational Structure 39 Accounting Principles and Coding Overview 40 Fund Structure 40 Classification of Revenues and Expenditures 41 Functional Codes General Descriptions 42 Legal Requirements for Budget Development 47 Budget Development Process 48 Budget Process and Timeline 48 Financial Highlights 51 Significant Financial Policies and Procedures 52 16

17 Budget Book Review FINANCIAL SECTION Budget Overview 58 Combined Budget Summary 59 Operational Budget 65 General Fund 75 Food Service Fund 80 Organizational Budgets 84 Debt Service Fund 112 General Obligation Debt Service by Series 115 Projected Payroll Cost Increases (Decreases) 116 School Funding Allocations 117 Grant Programs

Budget Book Review INFORMATIONAL SECTION Funding for Texas School Districts 125 Summary of Tax Levies, Rates, and Collections 134 Enrollment by School 137 Enrollment Trends and Financial Projections

18 Budget Book Review INFORMATIONAL SECTION Funding for Texas School Districts 125 Summary of Tax Levies, Rates, and Collections 134 Enrollment by School 137 Enrollment Trends and Financial Projections 138 Staffing Summary 147 Debt Service Schedules 151 Student Achievement 154 Performance Measures, Charts, & 2017 Accountability Summary 157 Performance Measures & Charts 158 Percentage of Free & Reduced Price Meals Accountability Summary 164 School Year Calendar Glossary

19 Presented by: David Robledo, MACC, RTSBA Santa Rosa ISD Chief Financial Officer Phone: District Website: In case if you want to read the entire newspaper article see below 19

20 Discussion & Comments 20

Property Taxes & School Funding 101 Tax Rate Drop & Swap

Property Taxes & School Funding 101 School Funding 101 Property taxes are a mechanism for the State to generate funding for the public school system. Ø School property taxes are made up of two rates: Ø