Adoption July 23rd, 2014 SOUTH WHIDBEY SCHOOL DISTRICT NO. 206 BUDGET [F-195] Sept. 1, 2014 Aug. 31, 2015

Transcription

1 Adoption July 23rd, 2014 SOUTH WHIDBEY SCHOOL DISTRICT NO. 206 BUDGET [F-195] Sept. 1, 2014 Aug. 31,

2 BUDGET TIMELINE Major Dates July 10, 2014 July 23, 2014 Budget available for public/esd review Budget Hearing & Adoption July 31, 2014 Adopted Budget to ESD 189 August 1, 2014 Budget submitted to OSPI 2

3 CHALLENGES Continued Enrollment Decline (56 fte) Increased state funding offset by decreased enrollment Increased Negotiated Costs Salary Increases Increase in district medical costs Instructional Incentive Increase Add $$ 17+ Years of Service Negotiating PSE Collective Bargaining Agreement Increased Legal Fees 4

4 Major Changes Salaries Up $460,000 Increased Staffing & Employee Raises Increased Certificated Substitute rate from $110 to $132 per day Mandatory Benefits 18.04% of Salary Increase Increase offset by reduction in unemployment costs Supplies reduced by $205,000 Reductions in most programs Transportation, Vocational, District Wide & Food Service largest change Services reduced by $70,000 Out of district services and transportation costs reduced 5

5 & Mix Factor Determines Funding 6

6 Enrollment History 7

7 Enrollment Projection by Grade Projected ENROLLMENT HISTORY Enrollment Grade K Total 1, , , , , ,

8 Enrollment Estimates By Building Est Breakdown by Building CHANGE Grade HS SWA MS ES DISTRICT GRADE K (4.5) (21.3) (7.6) (7.2) (0.4) (6.4) (9.6) (18.7) Total ,326.3 (56.6) CHG (16.40) (2.90) (12.61) (24.70) (56.61) 9

9 Budget Summary Enrollment BASIC EDUCATION fte SPECIAL EDUCATION 212 fte RUNNING START 23 fte VOCATIONAL 100 fte BILINGUAL 8 fte 10

10 Mix Factor x Schedule Base ($34,048) = Base Salary $34,048 x = $34,048 $34,048 x = $64,174 *** Education Experience *** Years MA+90 of OR Service BA BA+15 BA+30 BA+45 BA+90 BA+135 MA MA+45 Ph.D or more Mix Factor

11 REVENUE 12

12 GENERAL FUND SOURCE OF REVENUE 13

13 Budget Summary - Revenue Description Total Local Tax Revenues $ 3,868,218 $ 3,863,947 $ 3,867,127 $ 3,768,523 $ 3,873,596 Total Local Non-Tax Revenues $ 257,500 $ 201,053 $ 314,700 $ 345,500 $ 407,082 Total State General Purpose $ 8,159,021 $ 8,066,331 $ 7,564,176 $ 7,975,751 $ 7,968,500 Total State Special Purpose $ 1,874,765 $ 1,917,788 $ 1,906,568 $ 2,044,180 $ 2,064,832 Total State Agencies - Unassigned $ 110,000 $ 110,000 $ 75,000 $ 30,000 $ 30,000 Total Federal Special Purpose $ 1,148,244 $ 856,931 $ 839,595 $ 784,809 $ 773,021 Total Revenues $ 15,417,748 $ 15,016,050 $ 14,567,166 $ 14,948,763 $ 15,117,031 Transfer In (DSF) $ 262,000 $ - $ - GRANT CAPACITY $ 200,000 $ 183,000 $ 200,000 $ 150,000 $ 150,000 Budgeted Revenue $ 15,617,748 $ 15,199,050 $ 15,029,166 $ 15,098,763 $ 15,267,031 14

14 Local Revenue Projections Description ACTUAL ACTUAL BUDGET BUDGET LOCAl LEVY $ 3,917,482 $ 3,895,306 $ 3,765,658 $ 3,870,329 TIMBER EXCISE TAX $ 983 $ 5,849 $ 2,865 $ 3,267 Total Local Tax Revenues $ 3,918,465 $ 3,901,155 $ 3,768,523 $ 3,873,596 TRAFFIC SAFETY FEES $ 33,608 $ 45,301 $ 40,000 $ 40,000 LOC RESALE $ 54,332 $ 67,890 $ 80,000 $ 80,000 LOC FOOD SERVICE $ 130,869 $ 123,207 $ 128,000 $ 128,000 LOC INVEST EARN $ 461 $ 346 $ 400 $ 700 LOC GIFTS/GRANTS $ 61,250 $ 57,168 $ 25,000 $ 25,000 LOC RENTALS $ 20,050 $ 67,104 $ 50,000 $ 85,000 LOCAL NONTAX, UNASSIGNED $ 4,408 $ 25,974 $ - $ 33,382 E-rate $ 36,359 $ 33,365 $ 22,000 $ 15, Total Local Non-Tax Revenues $ 347,676 $ 421,907 $ 345,500 $ 407,082

15 State Revenue Projections Description ACTUAL ACTUAL BUDGET BUDGET ST APPORTIONMENT $ 7,671,221 $ 7,547,396 $ 7,756,327 $ 7,702,121 ST APPORTIONMENT - SP. ED $ 229,779 $ 212,820 $ 219,424 $ 266,380 Total State General Purpose $ 7,900,999 $ 7,760,216 $ 7,975,751 $ 7,968,500 ST SPEC ED $ 1,075,723 $ 1,082,032 $ 1,036,803 $ 997,614 ST SPEC ED (0-2) $ - $ - $ 64,595 $ 20,192 ST LAP $ 144,864 $ 141,557 $ 213,564 $ 212,430 NATIONAL BOARD BONUS $ 17,666 $ 17,666 $ - $ 17,667 ST TR BILINGUAL $ 9,314 $ 10,820 $ 9,850 $ 7,902 ST HIGHLY CAPABLE $ 12,070 $ 6,568 $ 14,764 $ 14,162 School Food Service $ 5,275 $ 4,766 $ 5,170 $ 4,865 ST TRANS REIMB $ 610,344 $ 614,876 $ 699,434 $ 790,000 Total State Special Purpose $ 1,984,158 $ 1,992,127 $ 2,044,180 $ 2,064,832 ST IS/STAN COM NTWK $ 45,424 $ 41,982 $ 30,000 $ 30,000 Total State Agencies - Unassigned $ 46,661 $ 41,982 $ 30,000 $ 30,000 16

16 Federal Revenue Projections Description ACTUAL ACTUAL BUDGET BUDGET FED SE IDEA B $ 366,402 $ 371,781 $ 333,279 $ 341,263 FED SE PRESCHOOL $ 10,636 $ 11,599 $ 9,649 $ 9,642 FED V CARL PERKINS $ 9,156 $ 7,701 $ 8,292 $ 8,292 FED DISADVANTAGED $ 204,171 $ 212,903 $ 164,887 $ 156,272 FED HOMELESS GRANT $ 42,520 $ 41,172 $ 30,000 $ 30,000 FED TCH/PR T IIA $ 77,794 $ 76,886 $ 70,202 $ 69,552 FED SCHOOL LUNCH R $ 165,228 $ 163,689 $ 158,500 $ 148,000 USDA Commodities $ 8,085 $ 8,504 $ 10,000 $ 10,000 Total Federal Special Purpose $ 933,728 $ 906,727 $ 784,809 $ 773,021 17

17 Expenditures 18

18 Expenditures Program Groups Regular Instruction Special Education Instruction Vocational Instruction Basic Education Special Education, State Vocational, State Alternative Education Special Education, State (0-2) Vocational, Federal Special Education, Federal Other Instructional Programs Community Services Support Services Traffic Safety District Wide Support Highly Capable Other Community Services School Food Services Other Instr. Programs Pupil Transportation Grant Capacity Compensatory Instruction (Grants) Disadvantaged, Federal Bilingual School Improvement, Federal Special & Pilot Programs, State Learning Assistance, State 19

19 Expenditures by Program Group 20

20 Budget Summary - Expenditures by Program Group Expenditure Category Regular Instruction $ 7,962,587 $ 7,965,462 $ 7,577,346 $ 7,942,467 $ 8,077,788 Special Education Instruction $ 1,958,930 $ 1,737,680 $ 2,002,076 $ 2,004,944 $ 1,997,796 Vocational Instruction $ 468,382 $ 602,906 $ 477,303 $ 596,645 $ 535,133 Compensatory Instruction (Grants) $ 651,789 $ 603,360 $ 550,266 $ 480,877 $ 489,976 Other Instructional Programs $ 240,000 $ 223,000 $ 253,165 $ 204,764 $ 204,162 Community Services $ 110,000 $ 110,000 $ 75,000 $ 30,000 $ 30,000 Support Services $ 4,307,821 $ 4,050,512 $ 3,867,514 $ 4,055,020 $ 4,153,110 Total - Program Groups $ 15,699,509 $ 15,292,920 $ 14,802,670 $ 15,314,717 $ 15,487,966 21

21 Expenditures by Individual Program Expenditure Category Budget Budget Budget Budget Budget Basic Education $ 7,367,015 $ 7,432,661 $ 7,331,148 $ 7,880,051 $ 8,077,788 Alternative Education $ 595,572 $ 532,801 $ 246,198 $ 62,416 $ - Special Education, State $ 1,413,731 $ 1,378,904 $ 1,636,291 $ 1,626,090 $ 1,632,538 Special Education, State (0-2) $ - $ - $ - $ 50,000 $ 20,192 Special Education, Federal $ 357,717 $ 358,776 $ 365,785 $ 328,854 $ 345,066 Vocational, State $ 457,246 $ 594,147 $ 468,568 $ 588,431 $ 526,980 Vocational, Federal $ 11,136 $ 8,759 $ 8,735 $ 8,214 $ 8,153 Disadvantaged, Federal $ 240,733 $ 224,590 $ 214,557 $ 188,120 $ 183,634 School Improvement, Federal $ 84,412 $ 72,872 $ 74,506 $ 69,343 $ 68,389 Learning Assistance, State $ 111,038 $ 139,760 $ 133,901 $ 213,564 $ 212, Special & Pilot Programs, State $ 110,139 $ 120,549 $ 110,739 $ - $ 17,667

22 Expenditures by Individual Program Expenditure Category Budget Budget Budget Budget Budget Bilingual $ 16,051 $ 15,895 $ 16,563 $ 9,850 $ 8,017 Compensatory (Service Learning) $ 14,283 $ 14,295 $ - $ - $ - Traffic Safety $ 40,000 $ 40,000 $ 41,000 $ 40,000 $ 40,000 Highly Capable $ 11,649 $ 15,399 $ 12,165 $ 14,764 $ 14,162 Other Instr. Programs/Grant Capacity $ 200,000 $ 183,000 $ 200,000 $ 150,000 $ 150,000 Other Community Services $ 110,000 $ 110,000 $ 75,000 $ 30,000 $ 30,000 District Wide Support $ 2,835,905 $ 2,694,088 $ 2,415,487 $ 2,645,836 $ 2,807,583 School Food Services $ 494,307 $ 459,732 $ 540,295 $ 541,804 $ 521, Pupil Transportation $ 977,609 $ 896,692 $ 911,732 $ 867,380 $ 823,577

23 Expenditures Activity Groups Teaching Activities Teaching Support Other Supporting Activities Building Administration Central Administration Teaching Learning Resources Food Principals Board of Directors Extracurricular Guidance / Counseling Operations (Food Service) Superintendent Out-of-District Health Services Operations (Transportation) Business Office Maintenance (Transportation) Insurance (Transportation) Transfers (Transportation) Grounds Maintenance Operation of Plant Human Resources Supervision (Cert Directors) Supervision (Transportation) Supervision (Maintenance) Supervision (Food Service) Maintenance Utilities Insurance Information Systems 24 Motor Pool

24 Expenditures by Activity Groups 25

25 Expenditures Activity Groups Expenditure Category Budget Budget Budget Budget Budget Teaching Activities $ 9,062,474 $ 8,929,043 $ 8,713,820 $ 9,058,142 $ 9,084,770 Teaching Support $ 1,227,724 $ 1,171,228 $ 1,157,020 $ 1,027,064 $ 1,084,771 Other Supporting Activities $ 3,390,412 $ 3,139,570 $ 2,999,645 $ 2,985,899 $ 2,976,523 Building Administration $ 773,471 $ 839,845 $ 794,376 $ 862,606 $ 880,478 Central Administration $ 1,245,428 $ 1,213,234 $ 1,137,809 $ 1,381,006 $ 1,461,425 Total Expenditures $ 15,699,509 $ 15,292,920 $ 14,802,670 $ 15,314,717 $ 15,487,966 26

26 Expenditures by Individual Activity Expenditure Category Budget Budget Budget Budget Budget Board of Directors $ 104,550 $ 124,550 $ 129,550 $ 163,050 $ 247,000 Superintendent $ 252,852 $ 241,432 $ 247,053 $ 259,659 $ 261,947 Business Office $ 330,268 $ 312,896 $ 334,648 $ 300,799 $ 311,644 Human Resources $ 69,692 $ 67,461 $ 67,317 $ 69,216 $ 68,428 Supervision $ 320,085 $ 294,358 $ 262,590 $ 304,925 $ 277,877 Learning Resources $ 179,673 $ 111,519 $ 8,731 $ 7,850 $ 5,200 Principals $ 773,471 $ 839,845 $ 794,376 $ 862,606 $ 880,478 Guidance / Counseling $ 431,772 $ 538,411 $ 543,328 $ 413,715 $ 467,917 Health Services $ 616,279 $ 521,298 $ 601,945 $ 605,499 $ 611,654 Teaching $ 8,590,606 $ 8,501,068 $ 8,279,896 $ 8,579,243 $ 8,679,383 Extracurricular $ 327,123 $ 326,866 $ 333,924 $ 378,899 $ 357, Out-of-District $ 144,745 $ 101,109 $ 100,000 $ 100,000 $ 48,000

27 Expenditures by Individual Activity Expenditure Category Budget Budget Budget Budget Budget Supervision (Food Service) $ 92,328 $ 92,328 $ 105,000 $ 117,500 $ 115,000 Food $ 130,000 $ 130,000 $ 155,000 $ 160,800 $ 141,500 Operations (Food Service) $ 271,979 $ 237,404 $ 280,295 $ 263,504 $ 265,450 Supervision (Transportation) $ 34,130 $ 36,408 $ 32,800 $ 73,857 $ 82,452 Operations (Transportation) $ 771,005 $ 683,740 $ 673,707 $ 676,800 $ 629,589 Maintenance (Transportation) $ 212,030 $ 216,100 $ 226,941 $ 193,157 $ 160,347 Insurance (Transportation) $ 27,497 $ 27,497 $ 26,984 $ 23,566 $ 21,189 Transfers (Transportation) $ (67,053) $ (67,053) $ (48,700) $ (100,000) $ (70,000) Supervision (Maintenance) $ 41,523 $ 43,801 $ 93,851 $ 92,000 $ 97,076 Grounds Maintenance $ 70,152 $ 66,248 $ 53,455 $ 58,003 $ 44,082 Operation of Plant $ 538,592 $ 492,122 $ 477,249 $ 496,546 $ 527,664 Maintenance $ 360,147 $ 339,681 $ 347,577 $ 346,099 $ 385,493 Utilities $ 603,307 $ 612,542 $ 481,600 $ 485,650 $ 496,100 Insurance $ 133,449 $ 132,737 $ 101,533 $ 116,303 $ 107,997 Information Systems $ 328,546 $ 257,791 $ 84,004 $ 260,971 $ 263, Motor Pool $ 10,761 $ 10,761 $ 5,000 $ 4,500 $ 3,500

28 Expenditures by Object Code 29

29 Expenditures by Object Code Expenditure Category Certificated Salaries $ 6,634,415 $ 6,385,141 $ 6,212,625 $ 6,381,329 $ 6,679,944 Classified Salaries $ 2,716,030 $ 2,548,967 $ 2,314,555 $ 2,444,663 $ 2,606,843 Employee Benefits $ 3,327,335 $ 3,387,549 $ 3,221,752 $ 3,463,319 $ 3,458,952 Supplies $ 1,075,088 $ 1,043,163 $ 836,521 $ 1,005,225 $ 799,900 Professional Services $ 1,706,766 $ 1,710,152 $ 1,975,927 $ 1,820,481 $ 1,749,826 Travel $ 39,875 $ 34,948 $ 41,290 $ 49,700 $ 42,500 Grant Capacity $ 200,000 $ 183,000 $ 200,000 $ 150,000 $ 150, Total Expenditures $ 15,699,509 $ 15,292,920 $ 14,802,670 $ 15,314,717 $ 15,487,966

30 Budget Summary Mandatory/Permissive Benefits Teacher s Retirement System 10.39% School Employee s Retirement System 9.82% Fica 6.2% Medicare 1.45% Worker s Compensation Rates $ per Hour $ per Hour Medical Insurance - $9,216 (per fte) Health Care Authority - $ (per fte) 31

31 Expenditures District Paid Benefits Description /- Medi cal Insurance $ 858,189 $ 910,972 $ 909,374 $ (1,598) L&I $ 40,296 $ 37,016 $ 41,065 $ 4,049 Unemployment $ 109,114 $ 63,438 $ - $ (63,438) FICA $ 473,875 $ 395,017 $ 412,365 $ 17,348 Reti rement $ 488,791 $ 646,640 $ 676,332 $ 29,692 Medi care $ - $ 92,711 $ 96,859 $ 4,148 Long Term Disabi l i ty Ins. $ - $ 10,476 $ 10,584 $ 108 Li fe Insurance $ 2,325 $ 2,701 $ 3,150 $ 449 HCA $ 78,508 $ 72,176 $ 74,265 $ 2,089 CERTIFICATED $ 2,051,098 $ 2,231,147 $ 2,223,994 $ (7,153) Medi cal Insurance $ 622,391 $ 650,487 $ 660,729 $ 10,242 L&I $ 85,144 $ 76,231 $ 80,450 $ 4,219 Unemployment $ 62,776 $ 27,333 $ - $ (27,333) FICA $ 176,939 $ 150,843 $ 159,899 $ 9,056 Reti rement $ 160,629 $ 226,627 $ 230,790 $ 4,163 Medi care $ - $ 35,284 $ 37,396 $ 2,112 Long Term Disabi l i ty Ins. $ 135 $ 8,424 $ 8,748 $ 324 Li fe Insurance $ 1,515 $ 1,500 $ 450 $ (1,050) HCA $ 61,125 $ 55,443 $ 56,449 $ 1,006 CLASSIFIED $ 1,170,654 $ 1,232,172 $ 1,234,910 $ 2, TOTAL $ 3,221,752 $ 3,463,319 $ 3,458,904 $ (4,415)

32 Budget Summary Levy Funded Salary/Benefits TRI Stipends - $716,319 Extended Days - $61,840 Vacation/Personal Days - $91,507 Athletic Stipends - $189,969 Other Stipends - $25,290 District Funded Salaries $875, Certificated FTE 12.8 Classified FTE.165 Administrative FTE Related Permissive Benefits - $186,887 Mandatory Benefits - $352,000 District Funded Medical - $62,884 Long Term Disability - $19,332 Life Insurance - $3,600 35

33 Budget Summary Staffing Changes (from Budget) Certificated Staffing Basic Education Teacher(s) Special Education Teacher Speech Language Pathologist Vocational Teacher +.63 fte +1.0 fte +.3 fte fte Classified Staffing Classroom Aide Maintenance/Grounds Department Custodial Department Transportation Department +1.1 fte +.25 fte fte -.4 fte Administrative Staffing No Change 36

34 Staffing Summary (fte) vs TEACHING ACTIVITIES Certificated FTE % of Total Classified % of Certificated % of FTE Total FTE Total Classified FTE 27 Teaching % % % % 0.0% TEACHING SUPPORT 0.0% 24 Guidance & Counseling % % % % 26 Health Services % % % % TOTAL % % % % % of Total BUILDING ADMINISTRATION 23 Principal's Office % % % % TOTAL TEACHING ACTIVITIES % % % % 37

35 Staffing Summary (fte) vs OTHER SUPPORT ACTIVITIES Certificated FTE % of Total Classified FTE % of Total Certificated FTE % of Total Classified FTE 44 Food Service Operations % % 52 Operations (Transportation) % % 53 Maintenance (Transportation) % % 62 Maintenance (Grounds) % % 63 Operations of Buildings (Custodial) % % 64 Maintenance (Facilities) % % 72 Information Systems % % TOTAL OTHER SUPPORT ACTIVITIES % % % of Total CENTRAL ADMINISTRATION 12 Superintendent's Office % % % % 13 Business Office % % 14 Human Resources % % 21 Supervision - Instruction % % % % 51 Supervison - Transportation % % 61 Supervision - Maintenance % % TOTAL CENTRAL ADMINISTRATION % % % % TOTAL SUPPORT ACTIVITIES % % % % 38

36 Historical Staffing Levels Enrollment CERTIFICATED CLASSIFIED ADMINISTR. Total Year FTE Staff** Staff STAFF* Staff FTE , , , , , , , , , , , , Budget 1, Budget 1,

37 OTHER FUNDS Capital Projects Fund Transportation Vehicle Fund ASB Fund Debt Service Fund 40

38 Capital Projects Fund Local Property Tax $ 2,009,517 Timber Excise Tax $ 1,673 PSE Grant $ 236,227 Investment Earnings $ 200 Total Revenue $ 2,247,617 Capital Projects $ 1,250,000 Technology $ 1,195,000 Total Expenditures $ 2,445,000 41

39 CPF - Technology Salaries Amount Software & Apps $ 30,000 TOSA $ 280,000 Tech Admin $ 60,000 Total $ 30,000 Classified Inst. Support $ 50,000 Renewal Cycle Hardware Total $ 390,000 Student computing classroom $ 100,000 Staff computing workstation $ 80,000 Professional Development Computer Labs $ 50,000 LID Day $ 30,000 Projection systems (projectors, voice, $ 100, hrs PD $ 50,000 Doc Cameras, video, etc.) Conferences $ 15,000 Other Training $ 50,000 Total $ 330,000 Total $ 145,000 District Infrastructure Wireless, servers, Device management, $ 200,000 Subscriptions Connectivity, etc. Infrastructure Support $ 50,000 Classroom Support $ 50,000 Total $ 200,000 Total $ 100,000 Grand Total $ 1,195,000 42

40 Transportation Vehicle Fund State Depreciation $ 110,000 Investment Earnings $ 500 Total Revenue $ 110,500 Purchases $ 334,000 Total Expenditures $ 334,000 43

41 Associated Student Body (ASB) Fund Waiting for Information 44

42 Debt Service Fund Energy Upgrades Investment Earnings $ 200 Total Revenue $ 200 Principal Payment $ 55,000 Interest Payment $ 32,050 Fees $ 500 Total Expenditures $ 87,550 45

43 Budget Summary All Funds Fund Budget Budget Budget Budget Budget General Fund $ 15,699,509 $ 15,292,920 $ 14,802,670 $ 15,314,717 $ 15,487,966 Capital Projects Fund $ 1,250,000 $ 1,376,450 $ 2,999,883 $ 2,577,257 $ 2,445,000 Associated Student Body $ 344,410 $ 205,660 $ 206,300 $ 261,300 $ - Transportation Vehicle $ 371,564 $ 350,000 $ 400,000 $ 425,000 $ 334,000 Debt Service Fund $ 3,085,600 $ - $ - $ 89,200 $ 87,550 Total Expenditures $ 17,665,483 $ 17,225,030 $ 18,408,853 $ 18,578,274 $ 18,266,966 46

44 Budget Summary w/fund Balance GENERAL FUND TRANS. VEHICLE CAPITAL PROJECTS DEBT SERVICE ASSOC. STUDENT BODY SOURCE OF FUNDS Beginning Balance $ 1,500,000 $ 226,000 $ 211,000 $ 215,000 $ - Revenue $ 15,267,031 $ 110,500 $ 2,247,617 $ 200 $ - Transfers In $ - $ - $ - $ - Total Funds Available $ 16,767,031 $ 336,500 $ 2,458,617 $ 215,200 $ - USE OF FUNDS Expenditures $ 15,487,966 $ 334,000 $ 2,445,000 $ 87,750 $ - Transfers Out $ - $ - $ - $ - Total Funds Used $ 15,487,966 $ 334,000 $ 2,445,000 $ 87,750 $ - ENDING BALANCE $ 1,279,065 $ 2,500 $ 13,617 $ 127,450 $ - 48

45 Questions? 49

46 GLOSSARY APPORTIONMENT: A monthly allocation of general fund revenues primarily generated by monthly enrollment counts. BASIC EDUCATION: "Core" educational requirements as defined by "The Washington Basic Education Act" of BOND: A written promise, generally under seal, to pay a specified sum of money, (the face value), at a fixed time in the future, (the date of maturity), and carrying interest at a fixed rate, usually payable periodically. A bond may be compared to a mortgage payment in that the payment may include interest and principal. BUDGET: The purpose of a budget is to provide a statement, expressed in financial terms, which serves as the primary tool for planning and controlling operations. CATEGORICAL PROGRAMS: Non basic education programs which may or may not be funded separately by federal or state dollars. Title I - Remediation (federal) for the aid of students at or below grade level. CERTIFICATED PERSONNEL: Employees such as teachers, principals, counselors, librarians and others hold a teaching certificate serving in positions covered by the continuing contract law. 51

47 GLOSSARY CLASSIFIED PERSONNEL: Employees such as custodians, secretaries, instructional assistants, bus drivers, interpreters and others who do not hold a teaching certificate. FISCAL YEAR (FY): An accounting term used to differentiate between a calendar year (January- December) and a school year (September-August). The fiscal year represented in this budget document is September 1, 2014 thru August 31,2015. FTE: Full Time Equivalent. This term is used to describe whether an employee is a full time employee or some percentage of full time. In order to qualify as full time, a certificated employee must work 1260 hours. A classified employee, in order to be considered full time, must work 2080 hours. The term FTE is also used to describe a student that is enrolled full time in each of the enrollment count days running from September through May. If less than full time it may be expressed as a percentage. FUND BALANCE: An accounting term used to describe the excess of the assets of a fund over its liabilities and reserves except in the case of funds subject to budgetary accounting where, prior to the end of a fiscal period, it represents the excess of the fund's assets and estimated revenues for the period over its liabilities, reserves and appropriations for the period. 52

48 GLOSSARY FUNDS: An accounting term used to describe an organized group of accounts. Individual funds are established for the accounting purpose of isolating specific activities. Types Of Funds General Fund: Accounts for ordinary operations financed from local, county, state and federal sources: 1. Instructional programs for students. 2. Maintenance of plant and facilities. 3. Administration of the district. 4. Food service. 5. Transportation. Transportation Vehicle Fund: Accounts for purchase and major repair of buses. 53

49 GLOSSARY Capital Projects Fund: Accounts for construction financed from bond issues and state matching monies. 1. Building construction and remodeling. 2. Land, building and equipment acquisition. 3. Energy audits. 4. Building and grounds major improvements. 5. Replacement of roofs, carpets and service systems. 6. Technology Debt Service Fund: Accounts for redemption of outstanding bonds and the payment of interest incurred by the bonds, financed by local levy bond issue. Associated Student Body Fund: Accounts for student activities, clubs and athletics financed by student fees, fund-raisers, events, and partially by general fund. LEVY: A two-six year tax for maintenance and operation support for the school district, the revenues from which may be used to supplement educational programs of the district. A levy requires local voter approval. 54

50 GLOSSARY MATERIALS, SUPPLIES & OPERATING COSTS (MSOC): Expenditures to non salary items. Examples of expenditure classifications are supplies (postage, paint, wax), instructional materials, purchased services (utilities, legal fees, professional services), travel and capital outlay (grounds equipment, computers). RESERVE FOR INVENTORY: A portion of fund balance that is reserved for the purchase of inventory. SUPPORT SERVICES: Activities which provide administrative, technical and logistical support to a program. Examples of supportive services are transportation, food services, accounting and personnel. TAX COLLECTION CALENDAR: Taxes are collected on a calendar year (January-December) basis. The current fiscal year budget represents 44.51% collection in 2014 and 56.05% collection in