Loveland Classical Schools. FY18 - FY19 5 Year Adopted Budget th St. SW Boos Financial Services, Inc

Transcription

1 FY18 - FY19 5 Year Last Updated: 4/19/17 Prepared By: th St. SW Boos Financial Services, Inc. Loveland, CO Rick Boos, CEO

2 5 Year Head Count Funded Pupil Count K-12 FTE Per Pupil Revenue (PPR) 7, , , , , , , , % Increase 6.25% $ BEGINNING FUND BALANCE 1,441,755 1,638,308 1,638,308 1,769, ,877 2,058,781 2,475,955 2,906,902 3,512,514 GENERAL FUND REVENUE Local Source Revenues Contributions & Donations 19,354 2,451 2,623 2,000 (451) 2,000 2,000 2,000 2,000 Foundation Grants 122,601 5,500 7,469 5,500-5,500 5,500 5,500 5,500 ROAR Donations / Fundraisers Instructional Materials Fees 31,238 36,932 36,932 45,437 8,505 47,904 49,952 51,842 53,469 $75 w/ 70% Collection MS/HS Art Fees 3,000 3,000 3,000 3,000 3,000 3,000 Interest Income 15,533 19,700 19,700 19,700-19,700 19,700 19,700 19,700 Insurance Reimbursement - - 4, Misc Revenue 1,330 2,000 2,000 2,000-2,000 2,000 2,000 2,000 Summer Academy - 10,000 10,000 10,000-10,000 10,000 10,000 10,000 Kindergarten Tuition 66,675 62,100 62,100 78,120 16,020 78,120 78,120 78,120 78, x $310 x 9 Student Activities 46,227 48,000 50,500 57,000 9,000 57,000 58,000 58,000 58,000 $55 per FTE State Source Revenues Sped Credit From District 34,040 51,750 51,750 54,338 2,588 57,054 59,907 62,902 66,048 FT Sped Staff FY18 SHOA/Para Credit From District 21,239 21,782 21,782 23,732 1,950 24,919 26,165 27,473 28,847 Capital Construction Grant 201, , , ,282 17, , , , ,451 Read Act Grant 31,342 28,489 28,489 - (28,489) Per Amanda 40 or 41 FY18 Gifted and Talented 6,000 6,000 6,000 6,000-6,000 6,000 6,000 6,000 At-Risk Funding - Additional 2, Federal Source Revenues Title II - Staff Development 15,023 15,495 15,495 17,000 1,505 19,040 20,074 20,932 $22 Per Prior Year FTE Per Pupil Allocation PER PUPIL ALLOCATION 5,119,064 6,026,684 6,020,781 6,686, ,971 7,155,530 7,573,289 7,977,734 8,351,607 Est. Rescission = $1.95/ea - (1,620) (1,620) (1,620) - (1,620) (1,620) (1,620) (1,620) TSD Funding 259, , , , , , , ,585 TOTAL REVENUES 5,993,405 6,805,255 6,815,979 7,496, ,474 7,967,158 8,384,090 8,785,987 9,156,431 REVENUES & BEG. FUND BALANCE 7,435,161 8,443,563 8,454,287 9,265, ,351 10,025,939 10,860,045 11,692,889 12,668,945 Page 2 of 8

3 5 Year GENERAL FUND EXPENSES Teacher Pay (44.1 FTE) 1,079,779 1,212,440 1,212,440 1,330, ,210 1,450,083 1,516,955 1,547,294 1,578,240 Increase + New Staff High School Teacher Pay (10.5 FTE) 221, , , ,200 79, , , , ,305 Increase + New Staff Extra Duty Pay 5,800 8,000 8,000 8, ,486 8,656 8,829 9,006 Increase Summer Academy - 8,250 8,250 7,200 (1,050) 7,344 7,491 7,641 7,794 Increase Classroom Coordinator Pay (17.5 FTE) 361, , , ,610 28, , , , ,243 Increase Substitute Instructional Pay 23,669 30,000 30,000 30,000-30,600 31,212 31,836 32,473 Increase Sped Pay (1 FTE - LCS) 25,000 44,200 44,200 46,100 1,900 48,405 50,825 53,367 56,035 5% Increase Sped Para-Professional Pay (1 FTE) 15,527 16,950 9,400 18,520 1,570 18,890 19,268 19,654 20,047 Increase Title II - Salary 1, Student Services 257, , , ,570 (4,648) 348, , , ,726 Increase Student Support (2.84 FTE) 63,084 66,990 66,990 70,290 3,300 71,696 73,130 74,592 76,084 Increase Central Support Pay (3.80 FTE) 65,854 83,360 83,360 88,080 4,720 89,842 91,638 93,471 95,341 Increase School Admin Pay (3 FTE) 205, , , ,770 9, , , , ,463 Increase School Admin Support Pay (2.25 FTE) 60,866 58,925 63,925 62,660 3,735 63,913 65,191 66,495 67,825 Increase Business Services Pay (1.38 FTE) 49,107 49,720 47,720 47,640 (2,080) 48,593 49,565 50,556 51,567 Increase Overtime - 5,000-5,000-5,100 5,202 5,306 5,412 Increase Operations & Maintenance Pay (5.5 FTE) 88, , , ,720 13, , , , ,754 Add.5 FY18 TOTAL SALARY 2,523,852 2,902,363 2,892,813 3,158, ,967 3,278,572 3,383,466 3,452,660 3,523,314 Teacher Retention & Merit Bonus 18,821 10,284 10,284 10,000 (284) 10,000 10,000 10,000 10,000 Flat amount High Teacher Retention & Merit Bonus 3,979 2,174 2,174 4,000 1,826 4,000 4,000 4,000 4,000 Flat amount Classroom Coordinator Retention Bonus 7,000 3,700 3,700 5,000 1,300 5,000 5,000 5,000 5,000 Flat amount Support Retention Bonus 4,217 4,217 4,200 (17) 4,200 4,200 4,200 4,200 Flat amount TOTAL BONUS 41,300 35,175 35,175 38,000 2,825 38,000 38,000 38,000 38,000 TOTAL HEALTH BENEFITS 197, , , ,485 (23,419) 226, , , ,923 5% Inflation/ 70% Part. TOTAL LIFE/STD/LTD 14,937 21,000 21,000 22,050 1,050 23,153 24,310 25,526 26,802 5% Increase TOTAL MEDICARE 35,894 42,594 42,456 45,288 2,693 47,010 48,509 49,491 50, % TOTAL PERA 475, , , ,366 66, , , , , % TOTAL UNEMPLOYMENT 7,342 8,437 8,408 9, ,612 9,922 10,125 10, % TOTAL BENEFITS 731, , , ,444 47, , ,043 1,020,263 1,049,457 Percentage of Salary 29% 30% 29% 29% 29% 29% 30% 30% TOTAL SALARY AND BENEFITS 3,296,378 3,808,018 3,762,745 4,114, ,756 4,273,199 4,413,509 4,510,923 4,610,771 Percentage of Revenues 55% 56% 55% 55% 54% 53% 51% 50% TOTAL INSTRUCTIONAL SUPPLIES 72,096 87,800 85,650 95,360 7,560 98, , , ,588 TOTAL BOOKS & PERIODICALS 17,954 33,650 33,650 39,150 5,500 34,150 34,150 34,150 34,150 Student Activities K-5 Athletics 32,372 35,800 5,000 6,000 (29,800) 6,000 6,000 6,000 6,000 $6,000 Rev. MS Athletic Program ,800 29,800 29,800 29,800 29,800 29,800 29,800 $16,800 GF $13K Rev. HS Athletics 28,969 23,745 23,745 23,000 (745) 23,000 23,000 23,000 23,000 $15,000 GF $8K Rev Extra-Curricular 14,934 35,000 37,150 47,350 12,350 47,350 48,350 48,350 48,350 $17,350 GF $30K Rev. TOTAL STUDENT ACTIVITIES 76,275 94,545 96, ,150 11, , , , ,150 Page 3 of 8

4 5 Year Instructional Furniture & Equipment Equipment Lease - Copy Charge 22,299 25,171 25,171 26,400 1,229 26,928 27,467 28,016 28,576 Inflation - New Lease FY19 K-5 Classroom FF&E 1,704 3,000 3,000 3,000-3,060 3,121 3,184 3,247 Inflation MS/HS Classroom FF&E 23,508 28,500 31,000 2,500 (26,000) 2,550 2,601 2,653 2,706 Inflation/TSD Funding Student Computer Media 299 1,000 1,000 1,000-1,020 1,040 1,061 1,082 Inflation K-5 Technology Equipment 3,479 3,900 3,900 7,000 3,100 7,140 7,283 7,428 7,577 Inflation MS/HS Technology Equipment 25 2,600 12,600 7,000 4,400 7,140 7,283 7,428 7,577 Inflation TOTAL Furniture & Equipment 51,314 64,171 76,671 46,900 (17,271) 47,838 48,795 49,771 50,766 Student Supporting Serv. - Progr Student Support Gen Supplies Inflation Student Guide Elec Media Inflation Health General Supplies 1,033 1,500 2,300 1,500-1,530 1,561 1,592 1,624 Inflation Staff Development Supplies Inflation TOTAL STUDENT SUPPORT 1,194 2,550 3,350 2,550-2,601 2,653 2,706 2,760 Instructional Support - Program 2200 Inst. Staff Prof Dev 3,906 6,500 6,800 6,000 (500) 6,120 6,242 6,367 6,495 Inflation/Admin PD Inst. Staff Prof Dev - Title IIA 13,814 15,495 15,495 17,000 1,505 19,040 20,074 20,932 21,724 Tied to Revenue Staff Mileage Reimbursement 6,209 2,000 2,000 3,000 1,000 3,000 3,000 3,000 3,000 Second Site / PD Inst. Supp. Purchase Services Inflation Concurrent Credit HS ,000 5,000 10,000-10,200 10,404 10,612 10,824 Inflation Student Assessment Supp 8,129 15,510 15,510 16, ,682 19,384 20,032 20,590 DIBELS & NWEA MAP Instruct. Tech Services/Web Hosting 434 1,500 1,500 1,500-1,530 1,561 1,592 1,624 Inflation Inst Technology Supplies 8,009 7,000 7,000 7, ,293 7,439 7,588 7,739 Inflation TOTAL INSTRUCTIONAL SUPPORT 40,926 58,005 53,305 60,650 2,645 65,865 68,104 70,123 71,996 Foundation Grants Purchased Services 1, Supplies 6,716 2,500 7,000 - (2,500) HS Gym - Contribution - 50,000 50,000 - (50,000) FF&E 62,420 3,500 8,927 - (3,500) TOTAL FOUNDATION GRANT 70,736 56,000 65,927 - (56,000) READ Act. Grant Special Teachers Pay Read Act 19,915 28,000 30,000 - (28,000) Special Teacher Benefits 4,218 6,062 6,489 - (6,062) Inst. Staff Prof Dev Read Act 1, Student Assessment Supp Read Act 5, Student Asses Gen Supply Read Act (427) TOTAL READ ACT GRANT 31,342 34,489 36,489 - (34,489) Page 4 of 8

5 5 Year District Purchased Services TSD ELA Purchased Service 82,547 96,849 96, ,776 7, , , , , % & x enrollment Sped Purchased Services 680, , , ,727 79, ,589 1,085,670 1,183,085 1,281,238 5% & x enrollment TSD Admin Purchase Services 66,725 74,375 82,995 80,463 6,088 87,802 94, , , % & x enrollment TOTAL DISTRICT PURCH. SERVICES 829, ,354 1,011,624 1,080,966 93,612 1,193,723 1,303,820 1,417,414 1,531,382 Board - Program 2300 Board Prof. Development 725 2,000 2,000 2,000-2,040 2,081 2,122 2,165 Inflation Board Support Prof Purch Serv - 1,000 1,000 1,000-1,020 1,040 1,061 1,082 Inflation Board Support Rental Land/Bldg Inflation Board Support Supplies 3,547 3,750 3,750 3,750-3,863 3,978 4,098 4,221 3% Increase Board Legal Services 10,198 11,250 11,250 11,250-11,475 11,705 11,939 12,177 Inflation TOTAL GENERAL ADMINISTRATION 14,470 18,250 18,250 18,250-18,653 19,064 19,485 19,916 School Administration - Program 2400 School Admin Professional Development 8, , ,020 1,040 1,061 1,082 Inflation School Admin Cell Phone Inflation School Admin Mileage Reimbursement 1,041 1,000 2,000 2,000 1,000 2,040 2,081 2,122 2,165 Inflation School Admin Supplies 1,483 1,000 1,000 1,000-1,020 1,040 1,061 1,082 Inflation Meals And Refreshments , ,020 1,040 1,061 1,082 Staff Appreciation Awards - 1,500 1,500 1,500-1,530 1,561 1,592 1,624 TOTAL SCHOOL ADMINISTRATION 12,191 5,600 7,030 7,400 1,800 7,548 7,699 7,853 8,010 Business Services - Program 2500 Business Bank/Merch Fees 1,910 1,650 1,650 1, ,938 1,977 2,016 2,057 Inflation Bond Fees 3,677 12,124 12,124 15,248 3,124 15,248 15,248 15,248 15,248 S&P,Trustee,Digital Assur. Business Prof Legal Services 2,535 2,500 2,500 2,500-2,550 2,601 2,653 2,706 Inflation Business Acct/Audit Services 10,000 9,000 9,000 9, ,690 9,884 10,081 10,283 Inflation Business Background Checks 6,547 6,250 6,250 6, ,630 6,763 6,898 7,036 Inflation Business Services 72,000 70,000 70,000 71,400 1,400 72,828 74,285 75,770 77,286 Inflation BFS Serv. Business Technical Services - 1,000 1,000 1,000-1,020 1,040 1,061 1,082 Inflation / Erate Serv. Business Prof Development Inflation Postage 735 1, ,000-1,020 1,040 1,061 1,082 Inflation Business Ofc Mileage Reimbursement Inflation Business Supplies 1,255 1,900 1,900 1,900-1,938 1,977 2,016 2,057 Inflation Business Electronic Media 3,626 3,500 3,500 3, ,621 3,693 3,767 3,843 Purchasing Syst. Business Ofc Non-Capital FF&E Inflation Business Office Dues & Fees 5,503 6,344 6,344 6, ,199 7,498 7,774 8,012 $7.67 Per FTE + $200 Payroll Agent Fees 4,661 4,800 5,820 5,900 1,100 6,018 6,138 6,261 6,386 Inflation TOTAL BUSINESS SERVICES 112, , , ,986 7, , , , ,972 Page 5 of 8

6 5 Year Operations and Maint. - Prog Utility Services 30,182 80,000 72,700 74,154 (5,846) 75,637 77,150 78,693 80,267 Inflation Natural Gas 3,344 9,000 10,500 11,000 2,000 11,220 11,444 11,673 11,907 Inflation Water/Sewage 6,539 15,000 15,000 15, ,606 15,918 16,236 16,561 Inflation Disposal Services 4,271 7,750 7,750 7, ,058 8,219 8,384 8,551 Inflation Lawn Care 3,855 7,000 7,000 7, ,283 7,428 7,577 7,729 Inflation Snow Removal 4,458 9,000 8,000 9, ,384 9,572 9,763 9,958 Inflation Grounds Services 868 5,000 5,000 5,000-5,100 5,202 5,306 5,412 Inflation Repair & Maintenance 22,803 30,000 34,900 30,000-30,600 31,212 31,836 32,473 Inflation Street Maintenance Fee 2,116 5,000 5,000 5,000-5,100 5,202 5,306 5,412 Inflation Telephone Communication 8,104 15,000 16,125 15,000-15,300 15,606 15,918 16,236 Inflation Security Repair & Mtc 1,265 8,340 8,340 8, ,670 8,843 9,020 9,201 Inflation Trident Security Safety Repair & Mtc Inflation Safety Services 1, , ,020 1,040 1,061 1,082 Inflation Safety Supplies 972 2,100 2,850 2, ,958 3,017 3,078 3,139 Inflation Security Supplies 390 1, (500) (5,235) (5,340) (5,446) (5,555) Inflation $6K Cameras Facility Supplies 11,930 24,000 26,000 25,000 1,000 25,500 26,010 26,530 27,061 Inflation Grounds Services Gen Supplies (750) Inflation Facility Non-Cap Equipment - 5,000 4,000 4,000 (1,000) 4,080 4,162 4,245 4,330 Inflation Building Improvement- Gym Contribution 210, Building Improvement- Const Services ,000 15,000 - (15,000) Property Ins. 622, Old Highmark Lease Building Lease Payment 129, , ,065 1,080, ,000 1,142,200 1,276,690 1,275,750 1,279,250 Project Fnd $19.5M Building Lease Payment - TSD Funding 130, , , , , , ,000 Second Site Rental 32,900 1,000 1,200 - (1,000) HS / Storage Shed TOTAL OPERATIONS AND MAINT. 1,113,483 1,241,955 1,242,080 1,432, ,704 1,493,246 1,632,157 1,635,726 1,643,826 % TO TOTAL EXPENSES 19% 19% 19% 20% 20% 21% 20% 20% Central Support - Program 2800 Central Support Gen Supplies 758 1,000 1,000 1,000-1,020 1,040 1,061 1,082 Inflation Advertising- Rental/Booths 10,507 12,000 12,000 12,000-12,240 12,485 12,734 12,989 Inflation Liability Insurance Premiums 25,322 38,893 38,893 40,838 1,945 42,880 45,024 47,275 49,638 5% Increase Workers Comp. Insurance 19,412 18,651 17,205 19, ,475 21,499 22,574 23,702 5% Increase TOTAL CENTRAL SUPPORT 56,000 70,544 69,098 73,338 2,794 76,615 80,047 83,644 87,412 TOTAL EXPENDITURES 5,796,853 6,684,249 6,685,102 7,207, ,883 7,549,984 7,953,143 8,180,376 8,414,699 Page 6 of 8

7 5 Year BEGINNING FUND BALANCE 1,441,755 1,638,308 1,638,308 1,769, ,877 2,058,781 2,475,955 2,906,902 3,512,514 TOTAL REVENUES 5,993,405 6,805,255 6,815,979 7,496, ,474 7,967,158 8,384,090 8,785,987 9,156,431 TOTAL EXPENDITURES 5,796,853 6,684,249 6,685,102 7,207, ,883 7,549,984 7,953,143 8,180,376 8,414,699 Ending Fund Balance 1,638,308 1,759,314 1,769,185 2,058, ,468 2,475,955 2,906,902 3,512,514 4,254,246 Reserved and Committed Funds TABOR 3% Emergency Reserve 179, , , ,902 20, , , , ,693 Operating Reserve 11% Target (40 Days) 571, , , ,785 57, , , , ,617 Operating Reserve Unrestricted 206, , , ,095 41, , ,534 1,024,093 1,728,936 9% Repair & Replacement Reserve 30,000 60,000 60,000 90,000 30, , , , ,000 Max $150,000 Committed Funds-Expansion 600, , , , , , , , ,000 Committed Funds-Enrollment Contingency - 325, , ,000 50, , , , ,000 RESERVES / ENDING FUND BALANCE 1,638,308 1,759,314 1,769,185 2,058, ,468 2,475,955 2,906,902 3,512,514 4,254,246 in Fund Balance 196, , , , , , , , ,732 30% TOTAL EXP. & ENDING FUND BALANCE 7,435,161 8,443,563 8,454,287 9,265, ,351 10,025,939 10,860,045 11,692,889 12,668,945 Above/(Short) 1.10 Ratio Building Lease Payment 129,796 1,000,065 1,000,065 1,210, ,000 1,272,200 1,406,690 1,405,750 1,409,250 Project Fnd $19.5M Debt Coverage Required , , , , , , ,925 Excess Coverage 20,999 30, , , , , ,807 Excess Coverage / PPR = Student Margin Debt Coverage Ratio , Non-Appropriated Res. % Expenditures 13% 14.5% 14.7% 14.8% 18.1% 20.5% 23.5% 31.5% Unrestricted Reserves % to Exp. (Excludes T 25% 23% 23% 25% 30% 33% 40% 47% Students Total Reserves % to Revenues 27% 26% 26% 27% 31% 35% 40% 46% Days of Cash on Hand (Excludes TABOR_ Not less than 40 days/bonds Days of Cash on Hand (Includes TABOR_ Page 7 of 8

8 5 Year Revenue Assumptions PPR Increase $ % 1.75% 6.25% 1.50% 1.50% 1.50% 1.50% Student Fee $ $ $ $ $ $ $ $ Capital Construction per Student $ $ $ $ $ 9.65 $ $ $ $ % Decrease Kindergarten Tuition $ 2, $ 2, $ 2, $ 2, $ 2, $ 2, $ 2, $ 2, # of Full-Time Kindergarten Students SpEd Coordinator Credit $ 35,029 $ 51,750 $ 51,750 $ 54,338 $ 57,054 $ 59,907 $ 62,902 $ 66,048 5% Increase / FT FY18 SHOA Credit $ 21,526 $ 22,602 $ 22,602 $ 23,732 $ 24,919 $ 26,165 $ 27,473 $ 28,847 5% Increase Expenditure Assumptions Salary Increase % 1.5% 4.5% 2.0% 2.0% 2.0% 2.0% New Teacher Salary 35, ,000 35,000 36,400 37,128 37,871 38,628 39,401 New Classroom Coordintor Salary 19, ,341 19,341 20,114 20,516 20,927 21,345 21,772 PERA Rates % 19.90% 20.15% 20.15% 20.15% 20.15% 20.15% % 0.50% 0.25% 0.00% 0.00% 0.00% 0.00% SpEd Purchased Services- per FPC , $ , , , , % Increase / 0% FY18 ELL Purchased Services- per FPC $ % Increase District Admin Overhead $ % Increase Inflation % 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% Page 8 of 8