Budget. Northville Public Schools. February Budget Amendment February 14, 2017
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- Bernadette Stanley
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1 Budget Northville Public Schools February Budget Amendment February 14,
2 State Revenue February 2017 Initial Budget Budget Amendment Comments FTE Enrollment (Blended - Gen Ed) 7,235 7,202 Loss of (33) FTE compared with budget -- revenue loss of $(271,557) Per Pupil Amounts Foundation Amount (per pupil) $ 8,229 $ 8,229 No change Categorical Revenue (per pupil) - Hold Harmless Guarantee (sec. 20f) $ 112 $ 112 No change - At-Risk (sec. 31a) $ 763 $ 763 Per student eligible for free lunch Other Categorical Revenue - MPSERS Cost Offset (sec. 147a) $ 601,426 $ 594,687 Based on Northville's % of total % of MPSERS payroll - MPSERS UAL Rate Stabilization (sec. 147c) $ 5,337,115 $ 5,269,967 Maintains UAAL Rate Cap at 20.96% - Headlee Data Collection (sec. 152a) $ 187,974 $ 189,011 - Early Literacy Targeted Instruction (sec. 35a(5)) $ - $ 77,385 - Financial Analytic Tools (sec. 102(d)) $ 10,852 $ 10,852 - FIRST Robotics (sec. 99b) $ 5,300 $ 3,800 2
3 Enrollment (Full Time Equivalent) 8,000 General Ed Special Ed 7,500 7, ,500 6,000 6,942 6,970 7,065 7,137 7,053 7,199 7,202 5,500 5,000 Fall 2010 Fall 2011 Fall 2012 Fall 2013 Fall 2014 Fall 2015 Fall 2016 (Unaudited) 3
4 Enrollment (By Grade Level) - FTE Fall 2012 Fall 2013 Fall 2014 Fall 2015 Fall 2016 Kindergarten First Grade Second Grade Third Grade Fourth Grade Fifth Grade Sub-Total 3,073 3,119 3,047 3,080 3,022 Lowest Sixth Grade Seventh Grade Eighth Grade Sub -Total 1,753 1,748 1,752 1,817 1,827 Highest Ninth Grade Tenth Grade Eleventh Grade Twelfth Grade Sub-Total 2,239 2,270 2,254 2,300 2,356 Highest Total Gen Ed 7,065 7,137 7,053 7,197 7,205 Memo: Special Ed Total Membership 7,408 7,452 7,356 7,479 7,485 4
5 General Fund Budget February Amendment (By Object) General Fund Budget Jan/Feb Budget Amendment Initial Jan/Feb Budget Better / (Worse) Than: Actual Budget Amendment Initial Bud Actual Total Revenues $ 72,289,215 $ 73,155,445 $ 75,509,087 $ 2,353,642 $ 3,219,872 (Incl. Net Transfers) Expenditures Salaries & Wages $ 35,533,970 $ 37,066,252 $ 37,632,285 $ (566,033) $ (2,098,315) Benefits 23,699,684 25,736,344 25,421, ,678 (1,721,982) Purchased Services 8,297,059 9,292,099 9,302,420 (10,321) (1,005,361) Supplies & Materials 2,931,671 3,564,057 4,164,590 (600,533) (1,232,919) Capital Outlays 357, ,509 1,689,536 (1,152,027) (1,331,990) All Other Expenditures 761, , ,385 17,010 (87,316) Total Expenditures $ 71,580,999 $ 77,061,656 $ 79,058,882 $ (1,997,226) $ (7,477,883) Surplus / (Deficit) $ 708,216 $ (3,906,211) $ (3,549,795) $ 356,416 $ (4,258,011) Fund Balance - Beginning of year $ 17,913,191 $ 16,660,947 $ 18,621,407 $ 1,960,460 $ 708,216 Fund Balance - End of year $ 18,621,407 $ 12,754,736 $ 15,071,612 $ 2,316,876 $ (3,549,795) Fund Balance - Pct. 26.0% 16.6% 19.1% 5
6 Changes from Initial Budget- Revenue Revenue Changes Budget Amendment Better / (Worse) Than Initial Budget Student Enrollment $ (271,557) (33) FTE decrease Foundation Allowance - Categorical Funding Changes: - MPSERS Cost Offset (6,739) Based on % of MPSERS FY2016 payroll - MPSERS Rate Stabilization (67,149) Pass thru revenue paid to ORS - Early Literacy Instruction 77,385 - FIRST Robotics (4,500) - Hold Harmless Guarantee 8,332 Federal Programs 9,828 Change in estimated allocations for Title I, II and III (LEP) Rental Income 15,255 Enhancement Millage 2,521,400 Levy is $385/student, assume $350/student is collected Act 18 Operating Transfer 70,000 Increase transfer from Act 18 to General Fund All Other 1,387 Total Revenue Changes $ 2,353,642 6
7 Changes from Initial Budget Salaries & Benefits Expenditure Changes Salary Changes Budget Amendment Better / (Worse) Than Initial Budget - Professional Staff Salaries $ 144,268 Adjustment from estimated salaries to actual contract amounts - Bonus Payment (908,526) Negotiated share of fund balance over 18% payable as a bonus payment to be made in December 2017, but accrued in Other wage adjustments 198,225 $ (566,033) Benefit Changes - Medical / Dental $ 387,492 Reduction in payments through Q117 - MPSERS MPSERS Rate Stabilization 67,149 Other MPSERS District Contributions 52,402 - Life / LTD Insurance (32,365) - All Other (160,000) $ 314,678 7
8 Calculation of Bonus Payment Operating Revenue Surplus / Health Care Fund Fund Balance (incl. Transfers) Expenditures Deficit Balance > $1.2 Mil. ($) % of Revenue Audited Results $ 72,289,215 $ 71,580,999 $ 708,216 $ 18,621, % Financials Initial Budget $ 73,155,445 $ 77,061,656 $ (3,906,211) $ 14,715, % Changes from Initial Budget: Enrollment (271,557) Enhancement Millage Revenue 2,521,400 All Other 103,799 Sub-Total (Prior to Enhancement Spending) $ 75,509,087 $ 76,185,056 $ (675,969) Enhancement Millage Spending K-2 Replacement Furniture $ 1,000,000 Repalcement Textbooks 700,000 Middle School A.M. Busing Program (2) Buses 172,040 Additional Route 18,000 Sub-Total (Prior to Bonus Accrual) $ 75,509,087 $ 78,075,096 $ (2,566,009) $ - $ 16,055, % Add: Add: Accrual for Bonus Eligible Staff Excess fund balance > 18% 3.26% Bonus Pool $ 983,786 Less: FICA (75,260) Allocation of Excess Fund Balance (% of Revenue): Bonus Payout $ 908,526 Est. Staff Share 40% 1.30% $ 983,786 Eligible Members 475 Est. District Share 60% 1.96% Payout/Member $ 1,913 $ 75,509,087 $ 79,058,882 $ (3,549,795) $ - $ 15,071, % 8
9 Changes from Initial Budget Non-Personnel Costs Purchased Services - Pupil Transportation $ (18,000) Change in Middle School morning busing program - Professional Services (14,958) - Equipment & Contracted Maintenance 37,900 Actual costs trending lower - Property & Casualty Insurance (8,027) - All Other $ (7,236) (10,321) Supplies / Utilities - Textbooks $ (700,000) Partial allocation of enhancement millage revenue - Bus Fuel / Vehicle Maintenance 25,950 - Utilities 16,612 Primarily lower natural gas costs - Building Maintenance & Custodial Supplies 16,225 - Other $ 40,680 (600,533) Capital Outlay - K-2 Elementary Furniture $ (1,000,000) Partial allocation of enhancement millage revenue - New Bus Purchase (172,040) Partial allocation of enhancement millage to accommodate change in Middle School busing - All Other $ 20,013 (1,152,027) Miscellaneous $ 17,010 Primarily lower entrollment in PCCS GOALS program Total Expenditure Changes $ (1,997,226) Net Change in Fund Balance $ 356,416 9
10 Enhancement Millage Recap ( ) Amount Enhancement Millage Levy / Pupil $ 385 Less: Provision for Uncollectible Taxes (35) Estimated Collectible Revenue/Pupil $ 350 Gen ED Enrollment 7,204 Estimated Enhancement Millage Revenue $ 2,521,400 Allocation of Enhacement Millage Revenue Purchase replacement K-2 furniture: $ 1,000,000 (60) classrooms x $16,667/classroom Purchase replacement textbooks 700,000 (Secondary - Language, Civics/Econ, AP Bio, AP Physics) Implement revised Middle School 190,040 A.M. busing program: - Purchase (2) Buses $ 172,040 - Schedule Additional Route 18,000 Offset costs of (2) additional Elementary teachers 177,650 previosuly hired for the school year to address class size Allocation to partially offset contractual 453,710 staff wage adjustments for $ 2,521,400 10
11 General Fund Budget February Amendment (By Function) Function Code Initial Budget March Amendment % of Spending Salaries Benefits Purchased Services Supplies & Materials Capital Outlays All Other Expenditures REVENUE LOCAL 1xx $8,565,996 $9,102,590 STATE 3xx 61,383,542 60,597,762 FEDERAL 4xx 1,490,707 1,500,535 INTERDISTRICT 5xx 920,200 3,438,200 OPERATING TRANSFRS 6xx 795, ,000 TOTAL REVENUE $73,155,445 $75,509,087 EXPENSE INSTRUCTION BASIC PROGRAMS 11x $43,516,798 $45,441,940 $24,985,765 $16,904,878 $763,426 $1,117,916 $1,189,695 $480,260 ADDED NEEDS 12x 7,836,810 7,651,995 4,286,090 3,028, ,189 78,528-15,000 SUBTOTAL $ 51,353,608 53,093, % $29,271,855 $19,933,066 $1,007,615 $1,196,444 $1,189,695 $495,260 SUPPORT SERVICES PUPIL SERVICES 21x 4,087,694 4,299, % 2,504,087 1,485, , INSTRUCTIONAL SERVICES 22x 2,393,476 2,477, % 879, , , ,634 23,150 GENERAL ADMINISTRATION 23x 961,734 1,009, % 336, , ,000 44,907 10,197 33,000 SCHOOL ADMINISTRATION 24x 4,170,733 4,131, % 2,374,022 1,547, ,150 72,537 2,000 10,075 BUSINESS SERVICES 25x 968, , % 345, , , ,500 OPER & MAINTENANCE 26x 7,916,022 7,822, % 973, ,819 3,898,696 2,092,044 41,668 3,000 TRANSPORTATION 27x 2,183,470 2,483, % - - 2,059, , ,342 1,000 CENTRAL SERVICES 28x 1,803,081 1,655, % 595, , ,533 81,200-0 ATHLETICS 29x 933, , % 301, , ,000 77,695 50,000 43,400 COMMUNITY SERV 37x 85, , % 50,343 23,968 16,899 8, CAPITAL IMPROVEMENTS 45x 204,308 75, % , TOTAL EXPENSES $77,061,656 $79,058, % $37,632,285 $25,421,666 $9,302,420 $4,164,590 $1,689,536 $848,385 REVENUE OVER/(UNDER) (3,906,211) (3,549,795) BEGIN FUND BALANCE 16,660,947 18,621,407 ENDING FUND BALANCE $12,754,736 $15,071,612 MILL RATES-ALL PROPERTY STATE 6.0 STATE 6.0 -NONHOMESTD LOCAL 18.0 LOCAL
12 Expenditures as a Percent of Revenue General Fund Actual Actual Actual Actual Actual Amendment Total Revenues $ 67,005,457 $ 68,338,646 $ 68,886,667 $ 70,081,315 $ 72,289,215 $ 75,509,087 (Incl. Net Transfers) Expenditures Salaries & Wages $ 33,035,801 $ 32,655,256 $ 34,060,161 $ 34,683,640 $ 35,533,970 $ 37,632,285 Benefits 18,047,797 17,757,090 18,009,267 20,280,068 23,699,684 25,421,666 Purchased Services 5,892,337 7,834,850 8,040,445 8,453,895 8,297,059 9,302,420 Supplies & Materials 3,173,569 3,169,385 3,112,064 3,114,236 2,931,671 4,164,590 Capital Outlays 1,178, , , , ,546 1,689,536 All Other Expenditures 865,914 1,598, , , , ,385 Total Expenditures $ 62,193,634 $ 63,586,375 $ 64,991,085 $ 68,040,052 $ 71,580,999 $ 79,058,882 Surplus / (Deficit) $ 4,811,823 $ 4,752,271 $ 3,895,582 $ 2,041,263 $ 708,216 $ (3,549,795) Memo: % of Revenue Salaries & Wages 49.3% 47.8% 49.4% 49.5% 49.2% 52.1% Benefits 26.9% 26.0% 26.1% 28.9% 32.8% 35.2% Purchased Services 8.8% 11.5% 11.7% 12.1% 11.5% 12.9% Supplies & Materials 4.7% 4.6% 4.5% 4.4% 4.1% 5.8% Capital Outlays 1.8% 0.8% 1.3% 1.0% 0.5% 2.3% All Other Expenditures 1.3% 2.3% 1.2% 1.2% 1.1% 1.2% 92.8% 93.0% 94.3% 97.1% 99.0% 109.4% 12
13 Revenue / Expenditure Trends 13
14 Key Take-Aways February Amendment Budgeted enrollment increase did not materialize but enrollment remained stable from Enhancement millage revenue enabled some classroom-centered updates (furniture, textbooks) Increase in health care costs have moderated from Projected fund balance at June 30, 2017 projected to exceed 18%, triggering a bonus payment to eligible staff that must be accrued in , but payable in December
15 Watch Points Enrollment trends Caution in allocating enhancement millage revenue Levy is for (6) years Renewal is not guaranteed Future School Aid Bill discussions Likely continuation of equity-based state funding increases Continued increased state funding for MPSERS liability Recent legislative discussions that would divert an estimated $430 million of income tax revenue from the School Aid Fund, which would require unidentified replacement funding Continued growth in on-line and career tech enrollments Impact on building utilization, staffing Assessment of future facility and equipment needs 15
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