Wylie ISD. Public Meeting to Discuss Budget and Proposed Tax Rate. June 18, :00 p.m.

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Wylie ISD { Public Meeting to Discuss Budget and Proposed Tax Rate June 18, 2018

1 Wylie ISD { Public Meeting to Discuss Budget and Proposed Tax Rate June 18, :00 p.m. Wylie Independent School District 951 S. Ballard Avenue Wylie, Texas 75098

2 Year in Review Enrollment: Budgeted = 15,390 Actual = 15,780 Property Values: Budgeted = 7.5% Actual = 14.6% No change in tax rate ($1.17 M&O, $.47 I&S) 3% mid-point raise to all employees

3 Year in Review Projects supported by the General Fund: Junior High Chromebook Rollout $1.1mil 5 Buses $511k 5 Vehicles - $137k 2 Portables - $112k Band Lockers - $19k WEHS Scoreboard - $10k Grounds/Maint Equipment - $78k

4 Financial Transparency

5 Amount Percentage of Expenditures Year in Review 60,000,000 50,000,000 Total Fund Balance 50.00% 45.00% 40.00% 40,000,000 30,000,000 20,000,000 10,000, Fund Balance 12,499 9,240, 11,692 13,657 16,000 21,366 24,476 31,948 39,748 46,460 54,184 % of Expenditures 19.46% 12.38% 14.85% 16.49% 19.35% 24.35% 23.73% 32.63% 38.73% 41.27% 44.60% 35.00% 30.00% 25.00% 20.00% 15.00% 10.00% 5.00% 0.00%

6 Budget

7 District Improvement Plan (Strategic Plan, Goals) Budget

8 Budget Highlights Non Legislative Year 9% increase in property values Increase of 519 students (16,299) 3% mid-point raise for all employees Market adjustments: Technology Select auxiliary, paraprofessional and professional positions

9 Budget Highlights 3 Assistant Principals (Davis, WEHS, WHS) 2 Crisis Counselors 11 Regular Education Teaching Positions 8 Enrollment Growth Positions Fine Arts- Assistant Band Director, Choir, Art 7 Bus Drivers Junior High Coaches - $1,500 stipend increase No tax rate increase ($1.17 M&O, $.47 I&S) TRS ActiveCare(Medical Ins) Increase 4%-9%

10 Budget Highlights Short-term Capital Projects Security Cameras/Buzzers - $135k Increase in Auto/Property Insurance - $239k Technology- Teacher Laptop Leases - $825k Fine Arts -Add l Instruments, Uniforms, Orchestra- $82k Officials/SROs/UIL Officials Increase in Rates - $15k Redistricting Travel - $34k

11 Budget Highlights

12 Budget Highlights Change in Enrollment to Allen ISD 220 Garland ISD (551) McKinney ISD 65 Richardson ISD 46 Rockwall ISD 524 Wylie ISD 689

13 Funding State and Local

14 Funding State and Local

15 Property Tax Impact per Student

16 Allotment per Student Allen ISD McKinney ISD Plano ISD Rockwall ISD Wylie ISD Basic Allotment $ 5,140 $ 5,140 $ 5,140 $ 5,140 $ 5,140 Cost of Education Index Small/Mid District Adjustment Adjusted Allotment $ 5,578 $ 5,578 $ 5,614 $ 5,614 $ 5,505 This is the very first step in the complex school finance formula.

17 Budget Projections Amended Budget Proposed Budget Projected Budget Assumptions: Audit Audit Audit Projected Tax Value Growth 9% 9.5% Projected Enrollment Growth 3.3% 3% Projected Salary Increases 3% 3% Revenues $ 113,067,787 $ 122,600,433 $ 128,951,149 $ 139,941,140 $ 135,758,505 $ 137,104,249 Expenditures 106,002, ,590, ,484, ,591, ,498, ,385,469 Other Sources 734,706 (3,297,742) 258,083 (5,000,000) Increase (Decrase) in Fund Balance $ 7,799,797 $ 6,712,525 $ 7,724,309 $ 349,355 $ (740,381) $ (4,281,220) Fund Balance - Beginning 31,948,256 39,748,054 46,460,579 54,184,884 $ 54,534,239 $ 53,793,858 Fund Balance - Ending $ 39,748,054 $ 46,460,579 $ 54,184,884 $ 54,534,239 $ 53,793,858 $ 49,512,638 % of Expenditures 39% 43% 47% 45% 43% 38%

18 Legislation Impact Public School Finance Commission HB21, 85th Texas Legislature, 1 st Called Special Session (2017) Recommend improvements to the public school finance system or for new methods of financing public schools Relationship between state and local funding Not later than December 31, Report

19 Personnel

21 Dependencies and Resources Property Values- Certified July 25, 2018 Tax Rate Budget June 18, 2018 Enrollment October 26, 2018 Unfunded Mandates Non Legislative Year

22 Revenues

23 General Fund Estimated Revenues 9% 11% 14% Planning Planning Planning Estimate Estimate Estimate REVENUES Local Real & Personal Property Tax $ 70,132,547 $ 71,451,516 $ 73,429,970 Local - Other (Tuition, Interest, Athletics, Misc) 1,604,500 1,604,500 1,604,500 State Sources 56,831,181 57,010,636 57,279,817 Federal Sources 716, , ,860 TOTAL REVENUES 129,285, ,783, ,031,147 TRS On-Behalf 6,473,417 6,473,417 6,473,417 TOTAL REVENUES & TRS On-Behalf 135,758, ,256, ,504,564

24 General Fund Estimated Change in Revenues Under 9% Plan Under 11% Plan Under 14% Plan Estimated increase in Revenues over Property Tax $ 5,748,882 $ 7,067,851 $ 9,046,305 State Aid (4,780,158) (4,600,703) (4,331,522) Federal Revenue (83,140) (83,140) (83,140) Estimated increase in Revenues over $ 885,584 $ 2,384,008 $ 4,631,643

25 General Fund Estimated Expenditures 9% 11% 14% Planning Planning Planning Estimate Estimate Estimate Payroll 109,608, ,608, ,608,558 Non-Payroll 20,416,911 20,416,911 20,416, TOTAL EXPENDITURES 130,025, ,025, ,025,469 TRS On-Behalf 6,473,417 6,473,417 6,473,417 TOTAL EXPENDITURES & TRS On-Behalf 136,498, ,498, ,498,886 Revenues Over (Under) Expenditures (740,381) 758,043 3,005,678 Fund Balance, Beginning 54,184,884 54,184,884 54,184,884 Fund Balance, Ending $ 53,444,503 $ 54,942,927 $ 57,190,562

26 General Fund Revenues $56,831,181 44% $716,860 1% Local State Federal $71,737,047 55%

27 General Fund Changes from Prior Year Revenues Local Taxes (9% value increase) $ 5,748,882 State Aid (4,780,158) Federal Revenues (83,140) $ 885,584

28 General Fund Preliminary Budget Expenditures Payroll $109,608,558 TRS On-Behalf 6,473,417 Contracted Services 8,169,303 Supplies and Materials 7,440,887 Misc Operating 3,542,213 Debt Service 764,630 Capital Outlay 499,878 Total Preliminary Budget $136,498,886

29 General Fund Expenditures $20,416,911 16% Payroll Non-Payroll $109,608,558 84%

30 General Fund Changes from Prior Year Payroll Expenditures 3% Mid-point Pay Increase $ 3,362,892 New Positions 1,496,270 Additional Stipends 5,985 Market Adjustments 196,382 Total Payroll Changes $ 5,061,529

31 General Fund Changes from Prior Year Non-Payroll Expenditures JH Chromebook Rollout ($1,100,000) Auto/Property Insurance 239,135 2 Special Ed Buses (197,500) Redistrict Travel WEHS 33,952 Furniture, Fixtures & Equipment (184,412) Other Net Increases/(Decreases) 23,412 Total Changes Non-Payroll Exp ($1,185,413)

32 Debt Service Fund

33 Debt Service Fund Preliminary Budget Revenues Local Taxes (9% value increase) $ 28,202,508 State Aid (IFA & EDA) 1,055,859 Other Revenues 77,000 $ 29,335,367 Expenditures Principal on Bonds $ 25,474,141 Interest on Debt 4,450,431 Other Debt Fees 15,000 $ 29,939,572 Revenues over Expenditures ($ 604,205)

34 Debt Service Fund Taxable Revenues per Student

35 Student Nutrition Fund

36 Student Nutrition Fund Revenues $ 6,125,131 Expenditures (6,125,127) Revenues Over Expenditures $ 4

37 Student Nutrition Fund Changes from Prior Year Revenues No meal price change Expenditures Salary increase 3% on mid-point Salary market adjustments

38 Official Budget Revenues General Fund Debt Service Fund Food Service Fund Local & intermediate sources $71,737,047 $28,279,508 $3,178,946 State sources 63,304,598 1,055, ,500 Federal sources 716,860 2,793,685 Total Revenues $135,758,505 $29,335,367 $6,125,131

39 Expenditures General Fund Debt Service Fund Food Service Fund 11 Instruction $83,125, Instructional resources 1,204, Staff development 3,713, Instructional admin 1,483, School administration 8,045, Guidance & counseling 3,450, Social work services 47, Health services 1,538, Student transportation 5,648, Food services 6,096,387

40 Expenditures General Fund Debt Service Fund Food Service Fund 36 Co-curricular activities 4,186, General administration 4,672, Plant maintenance & operations 52 Security 669,210 14,658,464 23, Technology 2,670, Community service 3, Debt service 764,630 29,939,572 4, Facilities acquisition & construction 95 JJAEP Programs 45, Other Intergovernmental Charges 571,346 Total Expenditures $136,498,886 $29,939,572 $6,125,127

41 Official Budget General Fund Debt Service Fund Food Service Fund Total Revenues $135,758,505 $29,335,367 $6,125,131 Total Expenditures $136,498,886 $29,939,572 $6,125,127 Excess Revenues Over Expenditures (740,381) (604,205) 4 Fund Balance Beginning Estimate Fund Balance Ending Projected $54,184,884 $53,444,503 $26,760,878 $26,156,673 $1,323,588 $1,323,592

42 Accelerated Instruction The Texas Education Code requires a school district to provide each student who fails to perform satisfactorily on an End of Course assessment with accelerated instruction in the applicable subject area. HB 5, 83 rd Texas Legislature in 2013 has emphasized this amount be included separately in the adopted budget. Amount to approve: $200,000

43 Budget and Tax Rate Calendar Monday, May 21, 2018 Regular Board Meeting Budget Workshop Monday, June 18, 2018 Regular Board Meeting Budget Hearing Approve Budget Monday, August 20, 2018 Regular Board Meeting Tax Rate Hearing (if necessary) Adopt Tax Rate

Wylie ISD. Public Meeting to Discuss Budget and Proposed Tax Rate. June 15, :00 p.m.

Wylie ISD. Public Meeting to Discuss Budget and Proposed Tax Rate. June 15, :00 p.m. Wylie ISD { Public Meeting to Discuss Budget and Proposed Tax Rate June 15, 2015 7:00 p.m. Wylie Independent School District 951 S. Ballard Avenue Wylie, Texas 75098 2014-2015 Year in Review Enrollment: