Fiscal Year Tentative Budget. July 14, 2017

Transcription

1 Fiscal Year 2018 Tentative Budget July 14, 2017

2 Introductory Section, A1 Quick Facts Highlights and quick facts of this budget are: Revenues Total revenues are projected to increase by 2.2% to $104.8 M. General state aid will decrease by -2.8% to $2.8 M as a result of enrollment declines. Other state reimbursements funding is projected to increase by 9.1% to $20.1 M, primarily as a result of increasing pension liabilities for TRS. Expenditures Total expenditures are projected to increase by 3.3% to $104.8 M. Total spending on salaries is projected decrease by 1.5% to $45.3 M. Medical insurance premiums have decreased by -5.65% holding costs to $8.5 M. Total costs for employee benefits are projected to increase by 19.1% to $12.4 M. Important Notes or Changes in Budget Practices All numbers reported for the prior year are unaudited. Capital projects (greater than $25 K) are paid from the Capital Projects Fund and funded by transfers from the Operations & Maintenance Fund. "On-behalf" payments made by the State for TRS are included, significantly increasing revenues and expenditures over what is actually received by the District (+$15.0 M). 2

3 Introductory Section, A3 Key Assumptions Based on historical experiences and averages, the following key assumptions were used in this budget: Local Revenues/ Property Taxes New construction for Tax Year 2017: $5.0M CPI of 2.1% for Tax Year 2016 CPI of 1.8% for Tax Year 2017 Existing equalized assessed value (EAV) increase of 2.0% Property tax collection rate of 99.8% State Revenues General state aid foundation level of $6,119 per student General state aid fully funded: proration of 100% Four categorical payments received 3

4 Financial Section, B1 All Governmental Funds Summary of Budget (in millions of dollars) The District's funds are divided into two categories: (a) operating funds that account for activities related to the operation of the District, and (b) non-operating funds that account for repayment of long-term debt and major capital improvements to facilities. Operating Non-Operating Total REVENUES Local sources State sources Federal sources Total revenues OTHER FINANCING SOURCES Transfers in Bond proceeds Total other financing sources Total revenues and other sources EXPENDITURES Instructional services Support services Community services Payments to other gov units

5 Financial Section, B1 All Governmental Funds Summary of Budget Operating Non-Operating Total Debt service (0.02) Contingency Total expenditures OTHER FINANCING USES Transfers out Total other financing uses Total expenditures and other uses FUND BALANCE Net changes in fund balance 0.53 (0.50) 0.04 Beginning fund balance * Ending fund balance * Estimated, pending completion of financial audit. 5

6 Financial Section, B2 Operating Funds Summary of Revenues, Expenditures, and Fund Balance (in millions of dollars) The District's funds are divided into two categories: (a) operating funds that account for activities related to the operation of the District, and (b) non-operating funds that account for repayment of long-term debt and major capital improvements to facilities. Ed O&M Wkg Cash Transp IMRF Total REVENUES Local sources State sources Federal sources Total revenues OTHER FINANCING SOURCES Transfers in Bond proceeds Total other financing sources Total revenues and other sources EXPENDITURES Instructional services Support services Community services Payments to other gov units

7 Financial Section, B2 Operating Funds Summary of Revenues, Expenditures, and Fund Balance Ed O&M Wkg Cash Transp IMRF Total Debt service (0.02) (0.02) Contingency Total expenditures OTHER FINANCING USES Transfers out Total other financing uses Total expenditures and other uses FUND BALANCE Net changes in fund balance (0.56) Beginning fund balance * Ending fund balance * Estimated, pending completion of financial audit. 7

8 Financial Section, B3 Non-Operating Funds Summary of Revenues, Expenditures and Fund Balance (in millions of dollars) The District's funds are divided into two categories: (a) operating funds that account for activities related to the operation of the District, and (b) non-operating funds that account for repayment of long-term debt and major capital improvements to facilities. Debt Service Capital Projects Total REVENUES Local sources State sources Federal sources Total revenues OTHER FINANCING SOURCES Transfers in Bond proceeds Total other financing sources Total revenues and other sources EXPENDITURES Support services Debt service Contingency Total expenditures

9 Financial Section, B3 Non-Operating Funds Summary of Revenues, Expenditures and Fund Balance Debt Service Capital Projects Total OTHER FINANCING USES Transfers out Total other financing uses Total expenditures and other uses FUND BALANCE Net changes in fund balance 0.15 (0.64) (0.50) Beginning fund balance * Ending fund balance * Estimated, pending completion of financial audit. 9

10 Fincancial Section, B4 All Governmental Funds Funding Sources & Spending Objects Funding sources describe revenue categories for all funds. Spending objects identify and categorize expenditures for all funds. Funding Sources Prior Actual Budget +/- Property taxes 72,885,360 74,821, % Other local 4,737,632 4,404, % General state aid Other state ,098,194 2,842, % 18,381,077 20,059, % Federal 2,782,152 2,676, % Total 101,884, ,803, % Spending Objects Prior Actual Budget +/- Salaries 44,663,183 45,349, % Benefits 26,843,456 27,128, % Services 10,929,721 10,627, % Supplies Capitalized equipment ,963,672 3,681, % 1,603,709 2,895, % Other/ tuition & debt service 14,199,636 14,848, % Non-captialized equipment 203, , % Termination benefits 17, % Total 101,424, ,765, % 10

11 Fincancial Section, B4 All Governmental Funds Funding Sources & Spending Objects FOOTNOTES 4-1 Decrease due to enrollment decline. 4-2 Increase driven by cost of TRS pensions paid by State of Illinois. 4-3 Captures reclassification of activity accounts as revolving accounts. 4-4 Increase driven by costs capital projects funded in prior year but not yet expended. 11

12 Fincancial Section, B4 All Governmental Funds Funding Sources & Spending Objects Funding Sources Other local 4% General state aid 3% Other state 19% Federal 3% Property taxes 71% Spending Objects Services 10% Supplies 4% Capitalized equipment 3% Benefits 26% Other/ tuition & debt service 14% Non-captialized equipment 0% Termination benefits 0% Salaries 43% 12

13 Financial Section, B5 All Governmental Funds Salaries Salaries include amounts paid to permanent, temporary, or substitute employees on the District's payroll. Permanent Positions Prior Actual Budget +/- Teachers ,899,594 33,434, % Para Pros 1,972,420 2,017, % Licensed administrators 3,601,349 3,547, % Clerical 775, , % Maintenance 564,937 1,168, % Custodial , % Technology 574, , % Specialists , , % Non-licensed administrators 464, , % Total 42,204,816 42,813, % Temporary Positions Prior Actual Budget +/- Teacher substitutes 370, , % Para Pro substitutes 100, , % Other substitutes 9,086 9, % Long-term subtitutes 182, , % Temporary/ seasonal 46,138 47, % Total 708, , % Supplemental Pay 5-4 Prior Actual Budget +/- 13

14 Financial Section, B5 All Governmental Funds Salaries Extra & overtime 434, , % Stipends 1,263,101 1,321, % Per diem 52,284 55, % Total 1,749,808 1,831, % Total salaries 44,663,183 45,349, % FOOTNOTES 5-1 Includes allowance for implmentation of alternative learning opportunities program (ALOP) at RMS. 5-2 Recategorized as maintenance. 5-3 Result of position recategorizations. 5-4 The supplemental pay accounts continue to undergo extensive recategorization to imrprove clarity and comparisons. 14

15 Financial Section, B6 All Governmental Funds Benefits Employee benefits include amounts paid by the District on behalf of employees; these amounts are not included in the gross salary, but are over and above it. Earned Benefits Prior Actual Budget +/- Annuities 73,000 73, % TRS and THIS 1,066,869 1,338, % IMRF , , % FICA/ Social Security 977, , % TRS Early Retirement Option On-behalf payments by State (TRS) , % 14,804,816 15,030, % Total 17,732,999 17,955, % Fringe Benefits Prior Actual Budget +/- Life insurance 38,945 63, % Medical insurance Dental insurance ,674,085 8,504, % 495, , % Vision insurance 45,163 43, % Long-term disability insurance 4, % 8,258,869 9,060, % Other Benefits Prior Actual Budget +/- Tuition reimbursement 80,279 34, % Other health benefits ,180 74, % Total 141, , % 15

16 Financial Section, B6 All Governmental Funds Benefits Total benefits 26,133,327 12,098, % FOOTNOTES 6-1 Does not yet include new staff. 6-2 Payments for TRS Early Retirement Option; no longer available by law. 6-3 Reflects cost of TRS pensions paid by State of Illinois. 6-4 Prior year not yet accurate. 6-5 Does not yet include new staff. 6-7 Fees related to the American Care Act, cash in lieu of medical insurance, telemedicine, employee assistance program, etc. 16

17 Financial Section, B7 All Governmental Funds Purchased Services Purchased services include amounts paid for personal services rendered by personnel who are not on the District's payroll, and other services the district may purchase. While a product may or may not result from the transaction, the primary reason for the purchase is the service provided in order to obtain the desired results. Purchased Services Prior Actual Budget +/- Professional and technical services 7-1 1,067,090 1,230, % Professional development 80,052 98, % Instructional services , , % Contracted food services 928,715 1,069, % Data processing services 144, , % Audit/ financial services 44,977 45, % Legal services 77,291 70, % Other professional services 356, , % Property services 78,560 77, % Sanitation services 42,805 50, % Cleaning services 934, , % Repair services 463, , % Snow removal % Rentals and leases , , % Copier equipment 140, , % Pupil transportation 4,285,119 4,369, % Travel 39,102 42, % Mileage reimbursements 4,530 3, % Communications 135, , % 17

18 Financial Section, B7 All Governmental Funds Purchased Services Advertising/ publications 48,634 32, % Printing - 3, % Postage , % Water services 118, , % Liability insurance 200, , % Workers compensation 209, , % Unemployment compensation 14,489 15, % Treasurer's fidelity bond 10,525 10, % Other purchased services 180, , % Total 10,929,721 10,626, % Total purchased services 10,929,721 10,627, % FOOTNOTES 7-1 Driven by recategorization of instructional services. 7-2 Services recategorized to professional and technical services. 7-3 Reflects final payment for middle and high school Chromebooks. 7-4 Needs correction. 18

19 Financial Section, B7 All Governmental Funds Purchased Services 19

20 Financial Section, B8 All Governmental Funds Supplies & Materials Supplies & materials include amounts paid for material items of an expendable nature that are consumed, worn out, or deteriorated in use; or items that lose their identity through fabrication or incorporation into different or more complex units or substances. Supplies & Materials Prior Actual Budget +/- General supplies ,721 1,977, % Food & beverages 3,448 6, % Resale supplies ,347 1, % Printing supplies 12,594 9, % Replacement textbooks 9,212 10, % Workbooks % Audio/ visual % Library books 25,463 25, % Periodicals 17,514 18, % Gasoline 23,588 29, % Natural gas 224, , % Electricity 1,065,431 1,167, % Instructional software 32,678 37, % Management software 96,372 99, % Other supplies % Total 2,908,535 3,630, % Total supplies & materials 2,963,672 3,681, % 20

21 Financial Section, B8 All Governmental Funds Supplies & Materials FOOTNOTES 8-1 Result of recategorizing course fees and resale as revolving accounts. 8-2 Recategorized to general supplies. 21

22 Financial Section, B9 All Governmental Funds Other Objects Other objects include amounts paid for goods and services not otherwise classified as salaries, benefits, purchased services, supplies, capital outlay, non-capitalized equipment, or termination benefits. Other Objects Prior Actual Budget +/- Reserve for contingencies - 1,063, % Debt payments on principal Debt payments on interest ,215,000 6,700, % 2,401,631 2,254, % Dues and fees 43,739 32, % Judgements % Inter-fund transfers % Tuition Other objects ,507,386 4,215, % 31, , % Total 14,199,636 14,848, % Total other objects 14,199,636 15,407, % FOOTNOTES 9-1 Bond principal payments per debt schedule. 9-2 Bond interest payments per debt schedule. 9-3 Declining placement into MidValley Special Education porgrams. 9-4 Tax rebate for outlet mall agreement. 22

23 Financial Section, B10 All Governmental Funds Departments Generally, non-personnel spending is assigned to a department or school and is coordinated by a budget manager. Departments Prior Actual Budget +/- Board of Education/ Superintendent 275, , % Finance Human Resources Curriculum & Instruction Student Services Technology School/ Principal Athletics ,867,128 2,348, % 152, , % 926, , % 5,338,663 5,386, % 1,679,275 1,508, % 778, , % 346, , % Transportation 4,461,756 4,689, % Capital Projects ,376,199 2,244, % Facilities 3,641,141 3,749, % Total 20,842,625 22,080, % Total departments 20,842,625 22,080, % FOOTNOTES 10-1 Captures tax rebate for outlet mall. 23

24 Financial Section, B10 All Governmental Funds Departments 10-2 FSA fees moved to Finance Needs correction Needs correction Reduced by one-time capital expenditure for network switches Prior year includes revolving account transactions; needs correction Now includes coach stipends Reflects payment of capital projects incomplete from prior year. 24

25 Financial Section, B11 Educational Fund Revenues and Expenditures The Educational Fund is a component of the General Fund and accounts for most of the instructional and administrative aspects of the District's operations. REVENUES Local Sources Prior Actual Budget +/- Property taxes 52,642,918 54,099, % Corporate property replacement taxes Tuition , % 12, % Earnings on investments 116, , % Food services 820, , % Pupil activities & fees Other ,954,848 2,053, % 406, , % Total 56,516,084 57,369, % State Sources Prior Actual Budget +/- Unrestricted: General state aid Restricted: ,098,194 2,842, % Special education 2,083,361 2,684, % Bilingual education 29,595 95, % Drivers education 25,090 33, % Vocational education 27,749 69, % 25

26 Financial Section, B11 Educational Fund Revenues and Expenditures School lunch aid 1,703 2, % On-behalf payments (TRS) ,804,816 15,030, % Other grants-in-aid % Total 20,070,508 20,756, % Federal Sources Prior Actual Budget +/- Restricted: Title I 340, , % Education for handicapped 1,609,191 1,535, % School lunch programs 326, , % Title II 96,931 65, % Title III 23,346 24, % Medicaid/ matching administrative outreach 365, , % Vocational education 20,588 34, % Other % Total 2,782,152 2,676, % Total revenues 79,368,744 80,801, % EXPENDITURES Instruction/ Regular Programs Prior Actual Budget +/- 26

27 Financial Section, B11 Educational Fund Revenues and Expenditures Salaries 25,422,886 27,378, % Employee benefits 5,630,710 5,561, % Purchased services 61,179 80, % Supplies and materials 925,028 1,461, % Capital outlay - 5, % Other % Non capitalized equipment 38,434 38, % Termination benefits 3, % Total 32,082,889 34,527, % Instruction/ Special Education Prior Actual Budget +/- Salaries 4,896,371 4,461, % Employee benefits 1,293,729 1,196, % Purchased services 354, , % Supplies and materials 89,482 83, % Capital outlay % Other 2,855,302 2,700, % Non capitalized equipment % Termination benefits % Total 9,489,527 8,838, % Instruction/ Special Education Pre-K Prior Actual Budget +/- Salaries 465, , % 27

28 Financial Section, B11 Educational Fund Revenues and Expenditures Employee benefits 78,011 66, % Purchased services % Supplies and materials 5,420 4, % Capital outlay % Other % Non capitalized equipment % Termination benefits % Total 548, , % Instruction/ CTE Programs Prior Actual Budget +/- Salaries 3,805 1, % Employee benefits % Purchased services 25,379 17, % Supplies and materials 22,165 18, % Capital outlay 11, % Other % Non capitalized equipment 24,740 19, % Termination benefits % Total 87,567 57, % Instruction/ Interscholastic Programs Prior Actual Budget +/- Salaries 1,095,042 21, % Employee benefits 12, % 28

29 Financial Section, B11 Educational Fund Revenues and Expenditures Purchased services 183, , % Supplies and materials 146, , % Capital outlay 5,411 13, % Other 3,475 3, % Non capitalized equipment % Termination benefits % Total 1,446, , % Instruction/ Summer School Prior Actual Budget +/- Salaries 7, % Employee benefits % Purchased services % Supplies and materials % Capital outlay % Other % Non capitalized equipment % Termination benefits % Total 7, % Instruction/ Gifted Prior Actual Budget +/- Salaries 266, , % Employee benefits 42,071 35, % Purchased services % 29

30 Financial Section, B11 Educational Fund Revenues and Expenditures Supplies and materials 2,389 3, % Capital outlay % Other % Non capitalized equipment % Termination benefits % Total 311, , % Instruction/ Drivers Education Prior Actual Budget +/- Salaries 136, , % Employee benefits 16,130 16, % Purchased services 1,496 2, % Supplies and materials 2,310 3, % Capital outlay % Other % Non capitalized equipment % Termination benefits % Total 156, , % Instruction/ Bilingual Prior Actual Budget +/- Salaries 643, , % Employee benefits 106, , % Purchased services % Supplies and materials , % 30

31 Financial Section, B11 Educational Fund Revenues and Expenditures Capital outlay % Other % Non capitalized equipment % Termination benefits % Total 750, , % Instruction/ Tuition - Private Prior Actual Budget +/- Salaries 50,758 51, % Employee benefits % Purchased services % Supplies and materials % Capital outlay % Other % Non capitalized equipment % Termination benefits % Total 51,528 52, % Student Services/ Attendance & Social Work Prior Actual Budget +/- Salaries 936, , % Employee benefits 237, , % Purchased services % Supplies and materials % Capital outlay % 31

32 Financial Section, B11 Educational Fund Revenues and Expenditures Other % Non capitalized equipment % Termination benefits % Total 1,174,112 1,212, % Student Services/ Guidance Prior Actual Budget +/- Salaries 733, , % Employee benefits 191, , % Purchased services 37, % Supplies and materials 943 1, % Capital outlay % Other % Non capitalized equipment % Termination benefits % Total 962, , % Student Services/ Health Prior Actual Budget +/- Salaries 381, , % Employee benefits 84,609 90, % Purchased services 212, , % Supplies and materials 4,320 5, % Capital outlay % Other % 32

33 Financial Section, B11 Educational Fund Revenues and Expenditures Non capitalized equipment % Termination benefits % Total 683, , % Student Services/ Psychological Prior Actual Budget +/- Salaries 543, , % Employee benefits 138, , % Purchased services 11,874 15, % Supplies and materials % Capital outlay % Other % Non capitalized equipment % Termination benefits % Total 693, , % Student Services/ Speech & Audiology Prior Actual Budget +/- Salaries 1,006,397 1,034, % Employee benefits 218, , % Purchased services 59,013 50, % Supplies and materials (60) % Capital outlay % Other % Non capitalized equipment % 33

34 Financial Section, B11 Educational Fund Revenues and Expenditures Termination benefits % Total 1,283,468 1,298, % Student Services/ Other Prior Actual Budget +/- Other % Total % Instructional Staff/ Improvement of Instruction Prior Actual Budget +/- Salaries 656, , % Employee benefits 92,196 88, % Purchased services 206, , % Supplies and materials 34,767 40, % Capital outlay % Other 1, % Non capitalized equipment % Termination benefits % Total 991, , % Instructional Staff/ Media Services Prior Actual Budget +/- Salaries 838, , % Employee benefits 187, , % Purchased services % Supplies and materials 50,178 43, % 34

35 Financial Section, B11 Educational Fund Revenues and Expenditures Capital outlay % Other % Non capitalized equipment % Termination benefits 2, % Total 1,079,077 1,114, % Instructional Staff/ Assessment & Testing Prior Actual Budget +/- Salaries 82,000 83, % Employee benefits 29,512 29, % Purchased services 93, , % Supplies and materials % Capital outlay % Other % Non capitalized equipment % Termination benefits % Total 205, , % Administration/ Board of Ed Prior Actual Budget +/- Salaries % Employee benefits % Purchased services 458, , % Supplies and materials 18,697 20, % Capital outlay % 35

36 Financial Section, B11 Educational Fund Revenues and Expenditures Other 15,946 18, % Non capitalized equipment % Termination benefits % Total 493, , % Administration/ Executive Admin Prior Actual Budget +/- Salaries 250, , % Employee benefits 121, , % Purchased services 46,920 44, % Supplies and materials 11,843 25, % Capital outlay % Other 9,671 10, % Non capitalized equipment % Termination benefits % Total 439, , % Administration/ Emergency Operations Prior Actual Budget +/- Salaries 6,952 7, % Employee benefits % Purchased services 25,766 25, % Supplies and materials 3,749 2, % Capital outlay % Other % 36

37 Financial Section, B11 Educational Fund Revenues and Expenditures Non capitalized equipment % Termination benefits % Total 36,548 34, % Administration/ School Admin Prior Actual Budget +/- Salaries 2,620,652 2,952, % Employee benefits 924,885 1,093, % Purchased services 1, % Supplies and materials 15,551 15, % Capital outlay % Other % Non capitalized equipment % Termination benefits 5, % Total 3,567,680 4,061, % Business/ Direction of Business Prior Actual Budget +/- Salaries 143, , % Employee benefits 59,431 59, % Purchased services 1,289 1, % Supplies and materials % Capital outlay % Other % Non capitalized equipment % 37

38 Financial Section, B11 Educational Fund Revenues and Expenditures Termination benefits % Total 204, , % Business/ Fiscal Services Prior Actual Budget +/- Salaries 262, , % Employee benefits 91,076 87, % Purchased services 238,321 98, % Supplies and materials % Capital outlay % Other % Non capitalized equipment % Termination benefits % Total 591, , % Business/ Operations & Maintenance Prior Actual Budget +/- Salaries 224, , % Employee benefits 96, , % Purchased services 92,828 96, % Supplies and materials % Capital outlay % Other % Non capitalized equipment % Termination benefits % 38

39 Financial Section, B11 Educational Fund Revenues and Expenditures Total 414, , % Business/ Food Services Prior Actual Budget +/- Salaries 96, , % Employee benefits % Purchased services 961,479 1,099, % Supplies and materials 6,177 6, % Capital outlay 9,308 10, % Other 5,115 5, % Non capitalized equipment % Termination benefits % Total 1,079,285 1,238, % Central/ Communication Services Prior Actual Budget +/- Salaries 76,500 78, % Employee benefits 23,374 22, % Purchased services 17, % Supplies and materials % Capital outlay % Other % Non capitalized equipment % Termination benefits % Total 117, , % 39

40 Financial Section, B11 Educational Fund Revenues and Expenditures Central/ Information Services Prior Actual Budget +/- Salaries 1,043,963 1,037, % Employee benefits 272, , % Purchased services 478, , % Supplies and materials 70,347 71, % Capital outlay 42, , % Other 1, % Non capitalized equipment 122, , % Termination benefits 3, % Total 2,035,418 2,543, % Central/ Human Resources Prior Actual Budget +/- Salaries 250, , % Employee benefits 106,820 83, % Purchased services 120, , % Supplies and materials 27,745 30, % Capital outlay % Other 4,685 4, % Non capitalized equipment % Termination benefits % Total 510, , % 40

41 Financial Section, B11 Educational Fund Revenues and Expenditures Central/ Other Services Prior Actual Budget +/- Other % Total % Community Services Prior Actual Amended +/- Salaries 56,470 55, % Employee benefits 3, % Purchased services 5,414 6, % Supplies and materials - 1, % Capital outlay % Other % Non capitalized equipment % Termination benefits % Total 65,530 63, % Non-programmed Charges/ Tuition Prior Actual Budget +/- On-behalf payments by State (TRS) 14,804,816 15,030, % Purchased services % Supplies and materials % Tuition ,651,778 1,515, % Total 16,456,594 16,545, % Proportionate Share Prior Actual Budget +/- 41

42 Financial Section, B11 Educational Fund Revenues and Expenditures Payments to other entities ,264 44, % Total 48,264 44, % Debt Services Prior Actual Budget +/- Interest on short-term debt 22,146 (15,000) % Total 22,146 (15,000) % Contingency Prior Actual Budget +/- Provision for contingencies , % Total - 763, % Total expenditures 78,201,661 80,945, % OTHER FINANCING SOURCES (USES) Fund Transfers Prior Actual Budget +/- Transfers in % Transfers out (692,937) (414,566) -40.2% Total (692,937) (414,566) -40.2% Total other financing sources (uses) (692,937) (414,566) -40.2% 42

43 Financial Section, B11 Educational Fund Revenues and Expenditures FUND BALANCE Net changes in fund balance 474,146 (558,637) % Beginning fund balance 10,213,512 10,583, % Ending fund balance 10,583,570 10,024, % 43

44 Financial Section, B11 Educational Fund Revenues and Expenditures FOOTNOTES 11-1 CPPRT shifted to balance IMRF Fund Prior year tuition was miscategorized and will be corrected Reflects lower enrollment and lower registration fees Includes donations and revenue from outstanding balances in prior years Decrease due to enrollment decline Reflects cost of TRS pensions paid by State of Illinois Reflects tuition savings from MidValley Special Education Coop and Fox Valley Career Center Proportionate share to private schools for special education funding Includes contingencies at the district- and building-levels Transfer to debt service for capital leases of computers and copiers. 44

45 Financial Section, B12 Operations & Maintenance Fund Revenues and Expenditures The Operations and Maintenace Fund is a component of the General Fund and accounts for repair and maintenance of the District's property. REVENUES Local Sources Prior Actual Budget +/- Property taxes ,332,903 7,176, % Earnings on investments 2,598 3, % BFAC admissions 222, , % BFAC rentals 171, , % Facility rentals 196, , % Other 11,632 5, % Total 7,937,477 7,665, % Total revenues 7,946,174 7,665, % EXPENDITURES Plant Services Prior Actual Budget +/- Salaries 1,181,400 1,158, % Employee benefits 285, , % Purchased services 1,742,097 1,439, % 45

46 Financial Section, B12 Operations & Maintenance Fund Revenues and Expenditures Supplies and materials 1,501,940 1,677, % Capital outlay 159, , % Other % Non capitalized equipment % Termination benefits 2, % Total 4,872,036 4,706, % Batavia Fine Arts Centre Prior Actual Budget +/- Salaries 100,623 89, % Employee benefits 23,639 22, % Purchased services 264, , % Supplies and materials 16,964 17, % Capital outlay % Other % Non capitalized equipment 17,179 17, % Termination benefits % Total 423, , % Contingency Prior Actual Budget +/- Provision for contingencies - 150, % Total - 150, % Total expenditures 5,295,205 5,858, % 46

47 Financial Section, B12 Operations & Maintenance Fund Revenues and Expenditures OTHER FINANCING SOURCES (USES) Fund Transfers Prior Actual Budget +/- Transfers in % Transfers out 12-2 (1,744,000) (1,744,000) 0.0% Total (1,744,000) (1,744,000) 0.0% Total other financing sources (uses) (1,744,000) (1,744,000) 0.0% FUND BALANCE Net changes in fund balance 906,969 63, % Beginning fund balance 2,993,395 4,087, % Ending fund balance 4,087,296 4,150, % 47

48 Financial Section, B12 Operations & Maintenance Fund Revenues and Expenditures FOOTNOTES 12-1 Property tax levy rates/proportions shifted to ensure balanced funds Transfers to Capital Projects Fund for capital projects and Debt Service Fund for maintenance shop lease. 48

49 Financial Section, B13 Working Cash Fund Revenues and Expenditures The Working Cash Fund is a component of the General Fund and accounts for the financial resources held by the District to be used as loans for working capital requirements to any other fund for which taxes are levied. REVENUES Local Sources Prior Actual Budget +/- Earnings on investments % Donations ,000 60, % Total 60,000 60, % Total revenues 60,000 60, % OTHER FINANCING SOURCES (USES) Fund Transfers Prior Actual Budget +/- Transfers in % Transfers out % Total % Total other financing sources (uses) % 49

50 Financial Section, B13 Working Cash Fund Revenues and Expenditures FUND BALANCE Net changes in fund balance 60,000 60, % Beginning fund balance 3,092,077 3,152, % Ending fund balance 3,152,077 3,212, % FOOTNOTES 13-1 Annual pledge (2 of 5) due from the Boosters for the BHS stadium field. 50

51 Finanacial Section, B14 Transportation Fund Revenues and Expenditures The Transportation Fund is a special revenue fund that accounts for activity relating to student transportation to and from school. REVENUES Local Sources Prior Actual Budget +/- Property taxes ,371,288 3,031, % Earnings on investments 717 1, % Other 51,464 48, % Total 2,423,469 3,080, % State Sources Prior Actual Budget +/- Restricted: Tranportation aid 1,408,763 2,145, % Total 1,408,763 2,145, % Total revenues 3,841,565 5,225, % EXPENDITURES Regular Transportation Services Prior Actual Budget +/- Salaries 99,231 91, % 51

52 Finanacial Section, B14 Transportation Fund Revenues and Expenditures Employee benefits 33,447 34, % Purchased services 4,322,424 4,406, % Supplies and materials 6,655 6, % Capital outlay % Other % Non capitalized equipment % Termination benefits % Total 4,461,756 4,539, % Contingency Prior Actual Budget +/- Provision for contingencies - 150, % Total - 150, % Total expenditures 4,461,756 4,689, % OTHER FINANCING SOURCES (USES) Fund Transfers Prior Actual Budget +/- Transfers in % Transfers out % Total % 52

53 Finanacial Section, B14 Transportation Fund Revenues and Expenditures Total other financing sources (uses) % FUND BALANCE Net changes in fund balance (620,192) 536, % Beginning fund balance 678, , % Ending fund balance 788,258 1,324, % FOOTNOTES 14-1 Property tax levy rates/proportions shifted to ensure balanced funds. 53

54 Financial Section, B15 Municipal Retirement/ Social Security Fund Revenues and Expenditures The Municipal Retirement/ Social Security Fund is a special revenue fund that accounts for the District's portion of pension contributions to the Illinois Municipal Retirement Fund and Social Security for non-licensed persons. REVENUES Local Sources Prior Actual Budget +/- IMRF pension levy , , % Social Security/ Medicare levy 668, , % Corporate personal property replacement taxes 60, , % Earnings on investments 712 1, % Other % Total 1,272,274 1,947, % Total revenues 1,272,274 1,947, % EXPENDITURES Instruction Prior Actual Budget +/- Regular programs 351, , % Special education programs 347, , % Special education pre-k program 35,713 36, % Remedial and supplemental programs 1,237 1, % 54

55 Financial Section, B15 Municipal Retirement/ Social Security Fund Revenues and Expenditures CTE programs % Interscholastic programs 42, % Summer school program % Gifted program 3,723 3, % Drivers education program 1,979 1, % Bilingual program 8,954 8, % Total 793, , % Support Programs Prior Actual Budget +/- Pupils: Attendance & social work 12,723 13, % Guidance services 18,587 19, % Health services 54,752 52, % Psychological services 7,476 7, % Speech pathology services 13,890 14, % Instructional staff: Improvement of instruction services 17,261 13, % Education media services 38,369 34, % Assessment & testing 1,158 1, % General administration 13,060 12, % School administration 161, , % Business: Direction of business 2,044 2, % 55

56 Financial Section, B15 Municipal Retirement/ Social Security Fund Revenues and Expenditures Fiscal services 46,287 49, % Operation & maintenance of plant services 256, , % Pupil transportation services 14,798 16, % Food services 7,413 8, % Central: Communication services 13,706 14, % Information services 139, , % Human resources 19,019 19, % Community services 4,757 4, % Total 841, , % Contingency Prior Actual Budget +/- Provision for contingencies % Total % Total expenditures 1,617,139 1,514, % OTHER FINANCING SOURCES (USES) Fund Transfers Prior Actual Budget +/- Transfers in % Transfers out % 56

57 Financial Section, B15 Municipal Retirement/ Social Security Fund Revenues and Expenditures Total % Total other financing sources (uses) % FUND BALANCE Net changes in fund balance (344,865) 433, % Beginning fund balance 721, , % Ending fund balance 536, , % FOOTNOTES 15-1 Property tax levy rates/proportions shifted to ensure balanced funds. 57

58 Financial Section, B16 Debt Service Fund Revenues and Expenditures The Debt Service Fund accouts for the accumulation of, resources for, and the payment of general long-term debt principal, interest and related costs. REVENUES Local Sources Prior Actual Budget +/- Property taxes 9,326,885 9,099, % Earnings on investments 2,789 4, % Other % Total 9,329,674 9,103, % Total revenues 9,329,674 9,103, % EXPENDITURES Debt Service Prior Actual Budget +/- Principal retirement 7,215,000 6,700, % Interest on bonds 2,401,631 2,254, % Service charges 2, % Rentals & leases , , % Total 10,472,250 9,371, % Total expenditures 10,472,250 9,513, % 58

59 Financial Section, B16 Debt Service Fund Revenues and Expenditures OTHER FINANCING SOURCES (USES) Fund Transfers Prior Actual Budget +/- Transfers in 836, , % Transfers out % Total 836, , % Total other financing sources (uses) 836, , % FUND BALANCE Net changes in fund balance (305,639) 148, % Beginning fund balance 3,355,824 3,667, % Ending fund balance 3,667,752 3,816, % FOOTNOTES 16-1 Transfers in to pay short-term debt (capital leases of computers, copiers, maintenance shop). 59

60 Financial Section, B17 Capital Projects Fund Revenues and Expenditures The Capital Projects Fund accounts for financial resources to be used for acquisition or construction of major capital facilities. REVENUES Local Sources Prior Actual Budget +/- Earnings on investments % Land cash and donations 65, % Other % Total 65, % Total revenues 65, % EXPENDITURES Facilities Acquisition & Construction Prior Actual Budget +/- Purchased services - 44, % Supplies and materials % Capital outlay 1,376,199 2,200, % Other % Non capitalized equipment % Total 1,376,199 2,244, % 60

61 Financial Section, B17 Capital Projects Fund Revenues and Expenditures Total expenditures 1,376,199 2,244, % OTHER FINANCING SOURCES (USES) Fund Transfers Prior Actual Budget +/- Transfers in ,600,000 1,600, % Transfers out % Total 1,600,000 1,600, % Total other financing sources (uses) 1,600,000 1,600, % FUND BALANCE Net changes in fund balance 289,785 (644,271) % Beginning fund balance 15, , % Ending fund balance 793, , % 61

62 Financial Section, B17 Capital Projects Fund Revenues and Expenditures FOOTNOTES 17-1 Transfers in from O&M Fund to pay for capital projects. 62

63 Informational Section, C2 Property Tax Rates District Tax Rates Limit Educational Operations & maintenance Transportation n/a Illinois municipal retirement n/a Tort immunity n/a Special education Social security n/a Lease/ purchase Working cash Bond and interest n/a Total tax rate Property Tax Rates Educational Operations & maintenance Transportation Illinois municipal retirement Tort immunity Special education Social security Lease/ purchase Working cash Bond and interest 63