Where all students connect, learn, grow and succeed BUDGET May 7, 2018

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1 Where all students connect, learn, grow and succeed BUDGET May 7, 2018

2 RICHARDSON ISD MISSION The mission of Richardson Independent School District is to ensure that ALL connect, learn, grow and succeed through relevant and personalized learning experiences distinguished by a welcoming and accepting climate a safe, innovative, and adaptive environment a supportive, collaborative, and invested culture among students, staff, families, and community. Where all students connect, learn, grow and succeed. 2

3 AGENDA Comparative Information Revenue Options and Proposed Expenditures Recommendations / Budget Calendar Where all students connect, learn, grow and succeed. 3

4 Where all students connect, learn, grow and succeed BUDGET: COMPARATIVE INFORMATION 4

5 BENCHMARK SUMMARY: NORTH TX PEERS North Texas Peer Average RISD RISD vs NTX General Fund Operating Expenditures Per Student 7,957 7, % % English Language Learner Enrollment 19.7% 25.7% 30.5% % Economically Disadvantaged Enrollment 49.2% 56.4% 14.6% % Special Education 9.1% 10.5% 15.4% % Vocational 23.9% 25.1% 5.0% % Mobile 3.2% 4.3% 34.4% We educate a more challenging student population than our peers with less funding. Where all students connect, learn, grow and succeed. 5

6 2017 TAX RATES NORTH TEXAS PEERS DISTRICT M&O I&S Total WYLIE ISD (COLLIN COUNTY) $1.17 $0.47 $1.64 MCKINNEY ISD $1.17 $0.45 $1.62 GRAND PRAIRIE ISD $1.17 $0.43 $1.60 ALLEN ISD $1.14 $0.43 $1.57 MANSFIELD ISD $1.04 $0.50 $1.54 FRISCO ISD $1.04 $0.42 $1.46 GARLAND ISD $1.04 $0.42 $1.46 MESQUITE ISD $1.04 $0.42 $1.46 PLANO ISD $1.17 $0.27 $1.44 ROCKWALL ISD $1.04 $0.40 $1.44 IRVING ISD $1.17 $0.26 $1.43 RICHARDSON ISD $1.04 $0.35 $1.39 CARROLLTON-FARMERS BRANCH ISD $1.17 $0.21 $1.38 ARLINGTON ISD $1.04 $0.33 $1.37 DALLAS ISD $1.04 $0.24 $1.28 RISD s tax rates are below the average of its peers ($1.17 is maximum M&O rate by law). RISD is one of only 3 districts in Dallas county that offers an Optional Homestead Exemption (frozen by law through 2020). AVERAGE $1.10 $0.37 $1.47 Where all students connect, learn, grow and succeed. 6

7 Tax Rate Taxable Value Billions TAX RATE / PROPERTY VALUE HISTORY $2.00 $1.80 $1.82 $23 $20 $1.60 $18 $1.40 $1.20 $1.39 $15 $13 $1.00 $0.80 $10 $0.60 $8 $0.40 $5 $0.20 $3 $0.00 $0 Total Tax Rate Taxable Value Where all students connect, learn, grow and succeed. 7

decreases its funding of our schools, shifting the responsibility to local taxpayers.

8 LOCAL vs. STATE REVENUE 100% Actual Projected 90% 80% 70% 60% 50% 40% 30% 20% As property values increase the State decreases its funding of our schools, shifting the responsibility to local taxpayers. 10% 0% Tax Revenue State Revenue Where all students connect, learn, grow and succeed. 8

9 M&O REVENUE PER PENNY M&O Tax Rate Current Year Tax Revenue State Revenue Recapture Payment Change in Tax Revenue Change In State Revenue Change In Recapture Payment Net Benefit Cumulative Benefit $1.04 $224,607,784 $62,205,735 $ - $ - $ - $ - $ - $ - $1.05 $226,495,983 $65,192,199 $ - $1,888,199 $2,986,464 $ - $4,874,663 $ 4,874,663 $1.06 $228,395,513 $68,148,496 $ - $1,899,530 $2,956,297 $ - $4,855,827 $ 9,730,490 $1.07 $230,295,042 $68,148,390 $1,402,926 $1,899,529 $ (106) $1,402,926 $ 496,497 $10,226,987 $1.08 $232,194,571 $68,118,116 $1,402,983 $1,899,529 $ (30,274) $ 57 $1,869,198 $12,096,185 $1.09 $234,094,101 $68,087,843 $1,613,058 $1,899,530 $ (30,273) $ 210,075 $1,659,182 $13,755,367 $1.10 $235,993,630 $68,087,737 $2,148,570 $1,899,529 $ (106) $ 535,512 $1,363,911 $15,119,278 $1.11 $237,893,160 $68,057,464 $2,683,044 $1,899,530 $ (30,273) $ 534,474 $1,334,783 $16,454,061 $1.12 $239,792,689 $68,057,358 $3,216,508 $1,899,529 $ (106) $ 533,464 $1,365,959 $17,820,020 $1.13 $241,692,219 $68,027,084 $3,748,988 $1,899,530 $ (30,274) $ 532,480 $1,336,776 $19,156,796 $1.14 $243,591,748 $67,996,811 $4,280,510 $1,899,529 $ (30,273) $ 531,522 $1,337,734 $20,494,530 $1.15 $245,491,277 $67,996,705 $4,811,100 $1,899,529 $ (106) $ 530,590 $1,368,833 $21,863,363 $1.16 $247,390,807 $67,966,431 $5,340,781 $1,899,530 $ (30,274) $ 529,681 $1,339,575 $23,202,938 $1.17 $249,290,336 $67,966,325 $5,869,577 $1,899,529 $ (106) $ 528,796 $1,370,627 $24,573,565 Where all students connect, learn, grow and succeed. 9

10 TAXPAYER IMPACT PER PENNY Average Home Value: $249,400 Average Impact Per Penny: $20 Market Value Standard Homestead Exemption Optional Homestead Exemption Taxable Value Tax Rate (I&S $0.35) Total Taxes Due Net Increase per Penny in Taxes Due Cumulative Increase per Penny in Taxes Due $249,400 ($25,000) ($24,940) $199,460 $1.39 $2,772 $0 $0 $249,400 ($25,000) ($24,940) $199,460 $1.40 $2,792 $20 $20 $249,400 ($25,000) ($24,940) $199,460 $1.41 $2,812 $20 $40 $249,400 ($25,000) ($24,940) $199,460 $1.42 $2,832 $20 $60 $249,400 ($25,000) ($24,940) $199,460 $1.43 $2,852 $20 $80 $249,400 ($25,000) ($24,940) $199,460 $1.44 $2,872 $20 $100 $249,400 ($25,000) ($24,940) $199,460 $1.45 $2,892 $20 $120 $249,400 ($25,000) ($24,940) $199,460 $1.46 $2,912 $20 $140 $249,400 ($25,000) ($24,940) $199,460 $1.47 $2,932 $20 $160 $249,400 ($25,000) ($24,940) $199,460 $1.48 $2,952 $20 $180 $249,400 ($25,000) ($24,940) $199,460 $1.49 $2,972 $20 $200 $249,400 ($25,000) ($24,940) $199,460 $1.50 $2,992 $20 $220 $249,400 ($25,000) ($24,940) $199,460 $1.51 $3,012 $20 $240 $249,400 ($25,000) ($24,940) $199,460 $1.52 $3,032 $20 $260 $22 / month Where all students connect, learn, grow and succeed. 10

11 Where all students connect, learn, grow and succeed BUDGET: REVENUE OPTIONS / PROPOSED EXPENDITURES 11

12 TAX RATE / REVENUE OPTIONS ($ in 000's) Estimated FY FY FY FY FY Revenue Projection (net of recapture) $1.04 $317,994 $317,205 $314,615 $312,746 $310,604 $311,566 Revenue Projection (net of recapture) $1.06 $317,994 $326,935 $324,194 $322,215 $319,933 $320,901 Revenue Projection (net of recapture) $1.10 $317,994 $332,812 $330,396 $328,812 $326,933 $328,383 Revenue Projection (net of recapture) $1.14 $317,994 $338,187 $335,661 $333,926 $331,922 $333,310 Revenue Projection (net of recapture) $1.17 $317,994 $342,265 $339,605 $337,784 $335,717 $337,029 Base Expenses ($323,478) ($323,048) ($323,048) ($323,048) ($323,048) ($323,048) Proposed Recurring Expenses ($12,208) ($12,208) ($12,208) ($12,208) ($12,208) Year One Strategic Planning Items ($3,222) Change in Fund Balance - Based on $1.17 ($5,484) $3,787 $4,349 $2,528 $461 $1,773 An M&O Tax Rate of $1.17 is required to fund current operations and achieve the following: Meet immediate high priority needs Enable implementation of strategic planning initiatives Maintain fund balance at recommended level Beginning Fund Balance $80,410 $74,926 $78,713 $83,062 $85,590 $86,051 Ending Fund Balance $74,926 $78,713 $83,062 $85,590 $86,051 $87,824 23% 25% 26% 26% 26% Where all students connect, learn, grow and succeed. 12

13 PROPOSED EXPENDITURES The following expenditures have been identified as high priority needs or investments required to implement the district s strategic plan. RECURRING ONE-TIME DESCRIPTION AMOUNT DESCRIPTION AMOUNT Current Commitments $1,056,413 Legal Fees $750,000 Compensation $6,670,000 Security Audit $540,000 Instruction $4,301,539 Transportation $1,932,000 Safety and Security $556,746 Facilities $223,500 Expenditure Reductions ($600,000) Total $12,208,198 Total $3,222,000 Combined Total $15,430,198 Where all students connect, learn, grow and succeed. 13

14 DETAIL: CURRENT COMMITMENTS CURRENT COMMITMENTS RECURRING ONE-TIME Staff Added $836,757 Legal Fees $750,000 Dallas Central Appraisal District Fee Increase $87,456 Transportation Employee Parking Lease $37,636 Software Maintenance Fee Increase $55,930 Utilities Increase $20,000 Campus Supply Allocation $10,534 Health Insurance Contribution $8,100 Total $1,056,413 $750,000 Where all students connect, learn, grow and succeed. 14

15 DETAIL: COMPENSATION COMPENSATION RECURRING 2.5% Cost of Living Raise $6,250,000 Market Adjustment for Support and Paraprofessional Staff $420,000 Total $6,670,000 Included in Strategic Plan The market adjustment for support and paraprofessional staff represents phase 1 of the implementation of the TASB salary study. Where all students connect, learn, grow and succeed. 15

16 DETAIL: INSTRUCTION INSTRUCTION RECURRING Special Education Staffing $3,044,692 1 Assistant Principal at Each Elementary $990,227 LHHS JROTC Staff and non-personnel items $198,140 Athletics Travel, Officials, Substitute Days $49,080 Fine Arts Travel, Competitions, Substitute Days $19,400 Total $4,301,539 Where all students connect, learn, grow and succeed. 16

17 DETAIL: SAFETY & SECURITY SAFETY & SECURITY RECURRING ONE-TIME Security Audit $500,000 Increase SROs at Elementary $350,000 Safety and Security Department Implementation $129,200 $40,000 Fleet Safety Coordinator * $58,046 Fire Sprinkler and Elevator Inspections $19,500 Total $556,746 $540,000 Included in Strategic Plan * Fleet Safety Coordinator is due to the District internalizing the transportation program as a result of the dissolution of Dallas County Schools Where all students connect, learn, grow and succeed. 17

18 DETAIL: FACILITIES FACILITIES RECURRING Playground Surface Material $100,000 Overtime $65,000 Maintenance and Custodial Supplies $58,500 Total $223,500 Numbers above do not include facilities study; estimated cost of $2.5 million. Where all students connect, learn, grow and succeed. 18

19 DETAIL: TRANSPORTATION TRANSPORTATION ONE-TIME Bus replacement cycle * $1,250,000 Interior Bus Camera Replacement* $682,000 Total $1,932,000 * Expenditures due to the District internalizing the transportation program due to the dissolution of Dallas County Schools Where all students connect, learn, grow and succeed. 19

20 RECOMMENDATIONS FOR JUNE MEETINGS Consider M&O Tax Rate of $1.17 Approve budget with the following items contingent on passage of Tax Ratification Election Cost of Living raise for teachers/staff Safety and Security Audit Implementation of Safety and Security Department Consider reduction of the I&S (debt) tax rate when the needs of the next bond cycle are determined. Where all students connect, learn, grow and succeed. 20

21 BUDGET CALENDAR May 24, 2018 Publish notice of hearing to adopt tax rate June 6, 2018 Conduct public hearing on tax rate, adopt tax rate, order tax ratification election June 7, 2018 Publish notice of hearing on budget June 21, 2018 Conduct public hearing on budget and adopt budget July 25, 2018 Last day to receive certified value from Dallas County Appraisal District September 4, 2018 Election day September 10, 2018 Canvass election results October 1, 2018 Mail tax bills Election items contingent on the Board adopting a M&O tax rate above $1.04 Where all students connect, learn, grow and succeed. 21

TAX RATE HEARING August 20, 2018

Where all students connect, learn, grow and succeed. 2018-19 TAX RATE HEARING August 20, 2018 Providing the resources required to accomplish our mission. AGENDA Our Mission and Strategies General (Operating)