Fiscal Year 2018 Tentative Budget July 14, 2017
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
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
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 70.12 9.10 79.23 State sources 22.90-22.90 Federal sources 2.68-2.68 Total revenues 95.70 9.10 104.80 OTHER FINANCING SOURCES Transfers in - 2.16 2.16 Bond proceeds - - - Total other financing sources - 2.16 2.16 Total revenues and other sources 95.70 11.26 106.96 EXPENDITURES Instructional services 46.59-46.59 Support services 28.12 2.39 30.50 Community services 0.11-0.11 Payments to other gov units 17.13-17.13 4
Financial Section, B1 All Governmental Funds Summary of Budget Operating Non-Operating Total Debt service (0.02) 9.37 9.36 Contingency 1.06-1.06 Total expenditures 93.01 11.76 104.77 OTHER FINANCING USES Transfers out 2.16-2.16 Total other financing uses 2.16-2.16 Total expenditures and other uses 95.17 11.76 106.92 FUND BALANCE Net changes in fund balance 0.53 (0.50) 0.04 Beginning fund balance * 18.79 4.46 23.25 Ending fund balance 19.32 3.97 23.29 * Estimated, pending completion of financial audit. 5
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 57.37 7.67 0.06 3.08 1.95 70.12 State sources 20.76 - - 2.15-22.90 Federal sources 2.68 - - - - 2.68 Total revenues 80.80 7.67 0.06 5.23 1.95 95.70 OTHER FINANCING SOURCES Transfers in - - - - - - Bond proceeds - - - - - Total other financing sources - - - - - - Total revenues and other sources 80.80 7.67 0.06 5.23 1.95 95.70 EXPENDITURES Instructional services 45.92 - - - 0.67 46.59 Support services 17.62 5.12-4.54 0.84 28.12 Community services 0.11 - - - 0.00 0.11 Payments to other gov units 16.55 0.59 - - - 17.13 6
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 0.76 0.15-0.15-1.06 Total expenditures 80.95 5.86-4.69 1.51 93.01 OTHER FINANCING USES Transfers out 0.41 1.74 - - - 2.16 Total other financing uses 0.41 1.74 - - - 2.16 Total expenditures and other uses 81.36 7.60-4.69 1.51 95.17 FUND BALANCE Net changes in fund balance (0.56) 0.06 0.06 0.54 0.43 0.53 Beginning fund balance * 10.58 4.09 2.79 0.79 0.54 18.79 Ending fund balance 10.02 4.15 2.85 1.32 0.97 19.32 * Estimated, pending completion of financial audit. 7
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 9.10-9.10 State sources - - - Federal sources - - - Total revenues 9.10-9.10 OTHER FINANCING SOURCES Transfers in 0.56 1.60 2.16 Bond proceeds - - - Total other financing sources 0.56 1.60 2.16 Total revenues and other sources 9.66 1.60 11.26 EXPENDITURES Support services 0.14 2.24 2.39 Debt service 9.37-9.37 Contingency - - - Total expenditures 9.51 2.24 11.76 8
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 9.51 2.24 11.76 FUND BALANCE Net changes in fund balance 0.15 (0.64) (0.50) Beginning fund balance * 3.67 0.79 4.46 Ending fund balance 3.82 0.15 3.97 * Estimated, pending completion of financial audit. 9
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 74,821,551 2.7% Other local 4,737,632 4,404,966-7.0% General state aid Other state 4-1 4-2 3,098,194 2,842,242-8.3% 18,381,077 20,059,137 9.1% Federal 2,782,152 2,676,088-3.8% Total 101,884,415 104,803,984 2.9% Spending Objects Prior Actual Budget +/- Salaries 44,663,183 45,349,572 1.5% Benefits 26,843,456 27,128,212 1.1% Services 10,929,721 10,627,060-2.8% Supplies Capitalized equipment 4-3 4-4 2,963,672 3,681,409 24.2% 1,603,709 2,895,423 80.5% Other/ tuition & debt service 14,199,636 14,848,608 4.6% Non-captialized equipment 203,456 235,141 15.6% Termination benefits 17,377 - -100.0% Total 101,424,210 104,765,425 3.3% 10
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
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
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 5-1 32,899,594 33,434,507 1.6% Para Pros 1,972,420 2,017,786 2.3% Licensed administrators 3,601,349 3,547,193-1.5% Clerical 775,887 722,771-6.8% Maintenance 564,937 1,168,187 106.8% Custodial 5-2 592,240 - -100.0% Technology 574,295 582,238 1.4% Specialists 5-3 759,520 944,679 24.4% Non-licensed administrators 464,576 395,743-14.8% Total 42,204,816 42,813,104 1.4% Temporary Positions Prior Actual Budget +/- Teacher substitutes 370,400 365,500-1.3% Para Pro substitutes 100,493 101,000 0.5% Other substitutes 9,086 9,400 3.5% Long-term subtitutes 182,073 182,000 0.0% Temporary/ seasonal 46,138 47,000 1.9% Total 708,191 704,900-0.5% Supplemental Pay 5-4 Prior Actual Budget +/- 13
Financial Section, B5 All Governmental Funds Salaries Extra & overtime 434,424 455,000 4.7% Stipends 1,263,101 1,321,568 4.6% Per diem 52,284 55,000 5.2% Total 1,749,808 1,831,568 4.7% Total salaries 44,663,183 45,349,572 1.5% 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
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 73,000 0.0% TRS and THIS 1,066,869 1,338,179 25.4% IMRF 6-1 639,912 606,601-5.2% FICA/ Social Security 977,226 907,593-7.1% TRS Early Retirement Option On-behalf payments by State (TRS) 6-2 6-3 171,176 - -100.0% 14,804,816 15,030,000 1.5% Total 17,732,999 17,955,373 1.3% Fringe Benefits Prior Actual Budget +/- Life insurance 38,945 63,229 62.4% Medical insurance Dental insurance 6-4 6-5 7,674,085 8,504,819 10.8% 495,853 448,737-9.5% Vision insurance 45,163 43,454-3.8% Long-term disability insurance 4,823 - -100.0% 8,258,869 9,060,239 9.7% Other Benefits Prior Actual Budget +/- Tuition reimbursement 80,279 34,000-57.6% Other health benefits 6-7 61,180 74,000 21.0% Total 141,459 108,000-23.7% 15
Financial Section, B6 All Governmental Funds Benefits Total benefits 26,133,327 12,098,212-53.7% 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
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 1,230,009 15.3% Professional development 80,052 98,651 23.2% Instructional services 7-2 399,939 341,667-14.6% Contracted food services 928,715 1,069,513 15.2% Data processing services 144,667 150,874 4.3% Audit/ financial services 44,977 45,000 0.1% Legal services 77,291 70,000-9.4% Other professional services 356,469 374,308 5.0% Property services 78,560 77,500-1.3% Sanitation services 42,805 50,000 16.8% Cleaning services 934,413 813,000-13.0% Repair services 463,930 348,483-24.9% Snow removal - - 0.0% Rentals and leases 7-3 904,671 470,339-48.0% Copier equipment 140,852 141,433 0.4% Pupil transportation 4,285,119 4,369,089 2.0% Travel 39,102 42,279 8.1% Mileage reimbursements 4,530 3,300-27.2% Communications 135,883 123,465-9.1% 17
Financial Section, B7 All Governmental Funds Purchased Services Advertising/ publications 48,634 32,000-34.2% Printing - 3,400 0.0% Postage 7-4 18,269 - -100.0% Water services 118,164 137,700 16.5% Liability insurance 200,659 198,020-1.3% Workers compensation 209,656 208,270-0.7% Unemployment compensation 14,489 15,000 3.5% Treasurer's fidelity bond 10,525 10,804 2.7% Other purchased services 180,261 202,456 12.3% Total 10,929,721 10,626,560-2.8% Total purchased services 10,929,721 10,627,060-2.8% 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
Financial Section, B7 All Governmental Funds Purchased Services 19
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 8-1 983,721 1,977,415 101.0% Food & beverages 3,448 6,521 89.1% Resale supplies 8-2 414,347 1,000-99.8% Printing supplies 12,594 9,000-28.5% Replacement textbooks 9,212 10,365 12.5% Workbooks - - 0.0% Audio/ visual - - 0.0% Library books 25,463 25,194-1.1% Periodicals 17,514 18,100 3.3% Gasoline 23,588 29,800 26.3% Natural gas 224,166 249,500 11.3% Electricity 1,065,431 1,167,500 9.6% Instructional software 32,678 37,095 13.5% Management software 96,372 99,200 2.9% Other supplies - - 0.0% Total 2,908,535 3,630,690 24.8% Total supplies & materials 2,963,672 3,681,409 24.2% 20
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
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 - 1,063,496 0.0% Debt payments on principal Debt payments on interest 9-1 9-2 7,215,000 6,700,000-7.1% 2,401,631 2,254,785-6.1% Dues and fees 43,739 32,350-26.0% Judgements - - 0.0% Inter-fund transfers - - 0.0% Tuition Other objects 9-3 9-4 4,507,386 4,215,000-6.5% 31,879 582,977 1728.7% Total 14,199,636 14,848,608 4.6% Total other objects 14,199,636 15,407,175 8.5% 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
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 275,321 292,300 6.2% Finance Human Resources Curriculum & Instruction Student Services Technology School/ Principal Athletics 10-1 10-2 10-3 10-4 10-5 10-6 10-7 1,867,128 2,348,096 25.8% 152,146 123,000-19.2% 926,125 772,812-16.6% 5,338,663 5,386,194 0.9% 1,679,275 1,508,820-10.2% 778,641 598,202-23.2% 346,229 367,850 6.2% Transportation 4,461,756 4,689,569 5.1% Capital Projects 10-8 1,376,199 2,244,271 63.1% Facilities 3,641,141 3,749,625 3.0% Total 20,842,625 22,080,739 5.9% Total departments 20,842,625 22,080,739 5.9% FOOTNOTES 10-1 Captures tax rebate for outlet mall. 23
Financial Section, B10 All Governmental Funds Departments 10-2 FSA fees moved to Finance. 10-3 Needs correction. 10-4 Needs correction. 10-5 Reduced by one-time capital expenditure for network switches. 10-6 Prior year includes revolving account transactions; needs correction. 10-7 Now includes coach stipends. 10-8 Reflects payment of capital projects incomplete from prior year. 24
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 54,099,695 2.8% Corporate property replacement taxes Tuition 11-1 11-2 561,877 - -100.0% 12,173 - -100.0% Earnings on investments 116,801 146,000 25.0% Food services 820,848 889,831 8.4% Pupil activities & fees Other 11-3 11-4 1,954,848 2,053,535 5.0% 406,619 180,100-55.7% Total 56,516,084 57,369,161 1.5% State Sources Prior Actual Budget +/- Unrestricted: General state aid Restricted: 11-5 3,098,194 2,842,242-8.3% Special education 2,083,361 2,684,000 28.8% Bilingual education 29,595 95,788 223.7% Drivers education 25,090 33,000 31.5% Vocational education 27,749 69,020 148.7% 25
Financial Section, B11 Educational Fund Revenues and Expenditures School lunch aid 1,703 2,329 36.8% On-behalf payments (TRS) 11-6 14,804,816 15,030,000 1.5% Other grants-in-aid - - 0.0% Total 20,070,508 20,756,379 3.4% Federal Sources Prior Actual Budget +/- Restricted: Title I 340,803 400,000 17.4% Education for handicapped 1,609,191 1,535,707-4.6% School lunch programs 326,255 311,160-4.6% Title II 96,931 65,000-32.9% Title III 23,346 24,961 6.9% Medicaid/ matching administrative outreach 365,037 305,000-16.4% Vocational education 20,588 34,260 66.4% Other - - 0.0% Total 2,782,152 2,676,088-3.8% Total revenues 79,368,744 80,801,628 1.8% EXPENDITURES Instruction/ Regular Programs Prior Actual Budget +/- 26
Financial Section, B11 Educational Fund Revenues and Expenditures Salaries 25,422,886 27,378,899 7.7% Employee benefits 5,630,710 5,561,673-1.2% Purchased services 61,179 80,513 31.6% Supplies and materials 925,028 1,461,045 57.9% Capital outlay - 5,505 0.0% Other 673 750 11.4% Non capitalized equipment 38,434 38,742 0.8% Termination benefits 3,980 - -100.0% Total 32,082,889 34,527,126 7.6% Instruction/ Special Education Prior Actual Budget +/- Salaries 4,896,371 4,461,705-8.9% Employee benefits 1,293,729 1,196,131-7.5% Purchased services 354,644 397,100 12.0% Supplies and materials 89,482 83,790-6.4% Capital outlay - - 0.0% Other 2,855,302 2,700,000-5.4% Non capitalized equipment - - 0.0% Termination benefits - - 0.0% Total 9,489,527 8,838,727-6.9% Instruction/ Special Education Pre-K Prior Actual Budget +/- Salaries 465,189 494,908 6.4% 27
Financial Section, B11 Educational Fund Revenues and Expenditures Employee benefits 78,011 66,240-15.1% Purchased services - - 0.0% Supplies and materials 5,420 4,352-19.7% Capital outlay - - 0.0% Other - - 0.0% Non capitalized equipment - - 0.0% Termination benefits - - 0.0% Total 548,619 565,500 3.1% Instruction/ CTE Programs Prior Actual Budget +/- Salaries 3,805 1,000-73.7% Employee benefits 196 - -100.0% Purchased services 25,379 17,765-30.0% Supplies and materials 22,165 18,889-14.8% Capital outlay 11,282 - -100.0% Other - - 0.0% Non capitalized equipment 24,740 19,399-21.6% Termination benefits - - 0.0% Total 87,567 57,053-34.8% Instruction/ Interscholastic Programs Prior Actual Budget +/- Salaries 1,095,042 21,568-98.0% Employee benefits 12,175 - -100.0% 28
Financial Section, B11 Educational Fund Revenues and Expenditures Purchased services 183,457 214,150 16.7% Supplies and materials 146,913 126,500-13.9% Capital outlay 5,411 13,000 140.3% Other 3,475 3,400-2.2% Non capitalized equipment - - 0.0% Termination benefits - - 0.0% Total 1,446,473 378,618-73.8% Instruction/ Summer School Prior Actual Budget +/- Salaries 7,200 - -100.0% Employee benefits 102 - -100.0% Purchased services - - 0.0% Supplies and materials - - 0.0% Capital outlay - - 0.0% Other - - 0.0% Non capitalized equipment - - 0.0% Termination benefits - - 0.0% Total 7,302 - -100.0% Instruction/ Gifted Prior Actual Budget +/- Salaries 266,214 271,294 1.9% Employee benefits 42,071 35,124-16.5% Purchased services 475 485 2.1% 29
Financial Section, B11 Educational Fund Revenues and Expenditures Supplies and materials 2,389 3,649 52.7% Capital outlay - - 0.0% Other - - 0.0% Non capitalized equipment - - 0.0% Termination benefits - - 0.0% Total 311,149 310,551-0.2% Instruction/ Drivers Education Prior Actual Budget +/- Salaries 136,636 115,941-15.1% Employee benefits 16,130 16,805 4.2% Purchased services 1,496 2,000 33.7% Supplies and materials 2,310 3,300 42.9% Capital outlay - - 0.0% Other 307 - -100.0% Non capitalized equipment - - 0.0% Termination benefits - - 0.0% Total 156,878 138,046-12.0% Instruction/ Bilingual Prior Actual Budget +/- Salaries 643,249 628,547-2.3% Employee benefits 106,935 210,355 96.7% Purchased services - - 0.0% Supplies and materials 150 16,097 10631.3% 30
Financial Section, B11 Educational Fund Revenues and Expenditures Capital outlay - - 0.0% Other - - 0.0% Non capitalized equipment - - 0.0% Termination benefits - - 0.0% Total 750,334 854,998 13.9% Instruction/ Tuition - Private Prior Actual Budget +/- Salaries 50,758 51,893 2.2% Employee benefits 770 808 4.9% Purchased services - - 0.0% Supplies and materials - - 0.0% Capital outlay - - 0.0% Other - - 0.0% Non capitalized equipment - - 0.0% Termination benefits - - 0.0% Total 51,528 52,700 2.3% Student Services/ Attendance & Social Work Prior Actual Budget +/- Salaries 936,062 976,367 4.3% Employee benefits 237,349 235,673-0.7% Purchased services 701 706 0.7% Supplies and materials - 150 0.0% Capital outlay - - 0.0% 31
Financial Section, B11 Educational Fund Revenues and Expenditures Other - - 0.0% Non capitalized equipment - - 0.0% Termination benefits - - 0.0% Total 1,174,112 1,212,897 3.3% Student Services/ Guidance Prior Actual Budget +/- Salaries 733,154 759,533 3.6% Employee benefits 191,232 185,582-3.0% Purchased services 37,347 - -100.0% Supplies and materials 943 1,000 6.0% Capital outlay - - 0.0% Other - - 0.0% Non capitalized equipment - - 0.0% Termination benefits - - 0.0% Total 962,676 946,115-1.7% Student Services/ Health Prior Actual Budget +/- Salaries 381,692 382,684 0.3% Employee benefits 84,609 90,892 7.4% Purchased services 212,402 166,359-21.7% Supplies and materials 4,320 5,000 15.7% Capital outlay - - 0.0% Other - - 0.0% 32
Financial Section, B11 Educational Fund Revenues and Expenditures Non capitalized equipment - - 0.0% Termination benefits - - 0.0% Total 683,023 644,936-5.6% Student Services/ Psychological Prior Actual Budget +/- Salaries 543,603 552,119 1.6% Employee benefits 138,209 163,220 18.1% Purchased services 11,874 15,000 26.3% Supplies and materials - 75 0.0% Capital outlay - - 0.0% Other - - 0.0% Non capitalized equipment - - 0.0% Termination benefits - - 0.0% Total 693,687 730,414 5.3% Student Services/ Speech & Audiology Prior Actual Budget +/- Salaries 1,006,397 1,034,897 2.8% Employee benefits 218,118 212,905-2.4% Purchased services 59,013 50,000-15.3% Supplies and materials (60) 700-1267.1% Capital outlay - - 0.0% Other - - 0.0% Non capitalized equipment - - 0.0% 33
Financial Section, B11 Educational Fund Revenues and Expenditures Termination benefits - - 0.0% Total 1,283,468 1,298,501 1.2% Student Services/ Other Prior Actual Budget +/- Other 700 200 0.0% Total 700 200 0.0% Instructional Staff/ Improvement of Instruction Prior Actual Budget +/- Salaries 656,323 375,676-42.8% Employee benefits 92,196 88,936-3.5% Purchased services 206,564 298,526 44.5% Supplies and materials 34,767 40,165 15.5% Capital outlay - - 0.0% Other 1,887 - -100.0% Non capitalized equipment - - 0.0% Termination benefits - - 0.0% Total 991,737 803,303-19.0% Instructional Staff/ Media Services Prior Actual Budget +/- Salaries 838,610 835,806-0.3% Employee benefits 187,790 235,606 25.5% Purchased services - - 0.0% Supplies and materials 50,178 43,294-13.7% 34
Financial Section, B11 Educational Fund Revenues and Expenditures Capital outlay - - 0.0% Other - - 0.0% Non capitalized equipment - - 0.0% Termination benefits 2,500 - -100.0% Total 1,079,077 1,114,706 3.3% Instructional Staff/ Assessment & Testing Prior Actual Budget +/- Salaries 82,000 83,722 2.1% Employee benefits 29,512 29,390-0.4% Purchased services 93,494 101,930 9.0% Supplies and materials - - 0.0% Capital outlay - - 0.0% Other - - 0.0% Non capitalized equipment - - 0.0% Termination benefits - - 0.0% Total 205,006 215,043 4.9% Administration/ Board of Ed Prior Actual Budget +/- Salaries - - 0.0% Employee benefits - - 0.0% Purchased services 458,934 558,394 21.7% Supplies and materials 18,697 20,000 7.0% Capital outlay - - 0.0% 35
Financial Section, B11 Educational Fund Revenues and Expenditures Other 15,946 18,000 12.9% Non capitalized equipment - - 0.0% Termination benefits - - 0.0% Total 493,577 596,394 20.8% Administration/ Executive Admin Prior Actual Budget +/- Salaries 250,024 253,096 1.2% Employee benefits 121,070 162,803 34.5% Purchased services 46,920 44,000-6.2% Supplies and materials 11,843 25,000 111.1% Capital outlay - - 0.0% Other 9,671 10,000 3.4% Non capitalized equipment - - 0.0% Termination benefits - - 0.0% Total 439,528 494,899 12.6% Administration/ Emergency Operations Prior Actual Budget +/- Salaries 6,952 7,000 0.7% Employee benefits 81 - -100.0% Purchased services 25,766 25,000-3.0% Supplies and materials 3,749 2,000-46.7% Capital outlay - - 0.0% Other - - 0.0% 36
Financial Section, B11 Educational Fund Revenues and Expenditures Non capitalized equipment - - 0.0% Termination benefits - - 0.0% Total 36,548 34,000-7.0% Administration/ School Admin Prior Actual Budget +/- Salaries 2,620,652 2,952,941 12.7% Employee benefits 924,885 1,093,063 18.2% Purchased services 1,111 - -100.0% Supplies and materials 15,551 15,950 2.6% Capital outlay - - 0.0% Other 480 - -100.0% Non capitalized equipment - - 0.0% Termination benefits 5,000 - -100.0% Total 3,567,680 4,061,954 13.9% Business/ Direction of Business Prior Actual Budget +/- Salaries 143,750 147,021 2.3% Employee benefits 59,431 59,179-0.4% Purchased services 1,289 1,660 28.8% Supplies and materials - - 0.0% Capital outlay - - 0.0% Other - - 0.0% Non capitalized equipment - - 0.0% 37
Financial Section, B11 Educational Fund Revenues and Expenditures Termination benefits - - 0.0% Total 204,470 207,860 1.7% Business/ Fiscal Services Prior Actual Budget +/- Salaries 262,505 278,820 6.2% Employee benefits 91,076 87,473-4.0% Purchased services 238,321 98,500-58.7% Supplies and materials - - 0.0% Capital outlay - - 0.0% Other - - 0.0% Non capitalized equipment - - 0.0% Termination benefits - - 0.0% Total 591,902 464,793-21.5% Business/ Operations & Maintenance Prior Actual Budget +/- Salaries 224,626 236,631 5.3% Employee benefits 96,719 108,508 12.2% Purchased services 92,828 96,000 3.4% Supplies and materials - - 0.0% Capital outlay - - 0.0% Other - - 0.0% Non capitalized equipment - - 0.0% Termination benefits - - 0.0% 38
Financial Section, B11 Educational Fund Revenues and Expenditures Total 414,174 441,140 6.5% Business/ Food Services Prior Actual Budget +/- Salaries 96,695 117,533 21.6% Employee benefits 0 - -100.0% Purchased services 961,479 1,099,513 14.4% Supplies and materials 6,177 6,200 0.4% Capital outlay 9,308 10,000 7.4% Other 5,115 5,400 5.6% Non capitalized equipment 511 - -100.0% Termination benefits - - 0.0% Total 1,079,285 1,238,646 14.8% Central/ Communication Services Prior Actual Budget +/- Salaries 76,500 78,107 2.1% Employee benefits 23,374 22,281-4.7% Purchased services 17,221 - -100.0% Supplies and materials - - 0.0% Capital outlay - - 0.0% Other - - 0.0% Non capitalized equipment - - 0.0% Termination benefits - - 0.0% Total 117,095 100,388-14.3% 39
Financial Section, B11 Educational Fund Revenues and Expenditures Central/ Information Services Prior Actual Budget +/- Salaries 1,043,963 1,037,873-0.6% Employee benefits 272,233 275,218 1.1% Purchased services 478,859 483,868 1.0% Supplies and materials 70,347 71,000 0.9% Capital outlay 42,487 515,818 1114.1% Other 1,290 - -100.0% Non capitalized equipment 122,592 160,000 30.5% Termination benefits 3,648 - -100.0% Total 2,035,418 2,543,777 25.0% Central/ Human Resources Prior Actual Budget +/- Salaries 250,874 244,271-2.6% Employee benefits 106,820 83,575-21.8% Purchased services 120,209 109,000-9.3% Supplies and materials 27,745 30,500 9.9% Capital outlay - - 0.0% Other 4,685 4,500-3.9% Non capitalized equipment - - 0.0% Termination benefits - - 0.0% Total 510,333 471,846-7.5% 40
Financial Section, B11 Educational Fund Revenues and Expenditures Central/ Other Services Prior Actual Budget +/- Other - - 0.0% Total - - 0.0% Community Services Prior Actual Amended +/- Salaries 56,470 55,650-1.5% Employee benefits 3,645 25-99.3% Purchased services 5,414 6,265 15.7% Supplies and materials - 1,454 0.0% Capital outlay - - 0.0% Other - - 0.0% Non capitalized equipment - - 0.0% Termination benefits - - 0.0% Total 65,530 63,393-3.3% Non-programmed Charges/ Tuition Prior Actual Budget +/- On-behalf payments by State (TRS) 14,804,816 15,030,000 1.5% Purchased services - - 0.0% Supplies and materials - - 0.0% Tuition 11-7 1,651,778 1,515,000-8.3% Total 16,456,594 16,545,000 0.5% Proportionate Share Prior Actual Budget +/- 41
Financial Section, B11 Educational Fund Revenues and Expenditures Payments to other entities 11-8 48,264 44,369-8.1% Total 48,264 44,369-8.1% Debt Services Prior Actual Budget +/- Interest on short-term debt 22,146 (15,000) -167.7% Total 22,146 (15,000) -167.7% Contingency Prior Actual Budget +/- Provision for contingencies 11-9 - 763,496 0.0% Total - 763,496 0.0% Total expenditures 78,201,661 80,945,698 3.5% OTHER FINANCING SOURCES (USES) Fund Transfers Prior Actual Budget +/- Transfers in - - 0.0% Transfers out 11-10 (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
Financial Section, B11 Educational Fund Revenues and Expenditures FUND BALANCE Net changes in fund balance 474,146 (558,637) -217.8% Beginning fund balance 10,213,512 10,583,570 3.6% Ending fund balance 10,583,570 10,024,933-5.3% 43
Financial Section, B11 Educational Fund Revenues and Expenditures FOOTNOTES 11-1 CPPRT shifted to balance IMRF Fund. 11-2 Prior year tuition was miscategorized and will be corrected. 11-3 Reflects lower enrollment and lower registration fees. 11-4 Includes donations and revenue from outstanding balances in prior years. 11-5 Decrease due to enrollment decline. 11-6 Reflects cost of TRS pensions paid by State of Illinois. 11-7 Reflects tuition savings from MidValley Special Education Coop and Fox Valley Career Center. 11-8 Proportionate share to private schools for special education funding. 11-9 Includes contingencies at the district- and building-levels. 11-10 Transfer to debt service for capital leases of computers and copiers. 44
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 12-1 7,332,903 7,176,054-2.1% Earnings on investments 2,598 3,000 15.5% BFAC admissions 222,733 220,000-1.2% BFAC rentals 171,216 130,000-24.1% Facility rentals 196,395 131,500-33.0% Other 11,632 5,000-57.0% Total 7,937,477 7,665,554-3.4% Total revenues 7,946,174 7,665,554-3.5% EXPENDITURES Plant Services Prior Actual Budget +/- Salaries 1,181,400 1,158,352-2.0% Employee benefits 285,328 280,428-1.7% Purchased services 1,742,097 1,439,625-17.4% 45
Financial Section, B12 Operations & Maintenance Fund Revenues and Expenditures Supplies and materials 1,501,940 1,677,000 11.7% Capital outlay 159,021 151,000-5.0% Other - - 0.0% Non capitalized equipment - - 0.0% Termination benefits 2,249 - -100.0% Total 4,872,036 4,706,405-3.4% Batavia Fine Arts Centre Prior Actual Budget +/- Salaries 100,623 89,950-10.6% Employee benefits 23,639 22,710-3.9% Purchased services 264,764 267,000 0.8% Supplies and materials 16,964 17,000 0.2% Capital outlay - - 0.0% Other - - 0.0% Non capitalized equipment 17,179 17,000-1.0% Termination benefits - - 0.0% Total 423,169 413,660-2.2% Contingency Prior Actual Budget +/- Provision for contingencies - 150,000 0.0% Total - 150,000 0.0% Total expenditures 5,295,205 5,858,342 10.6% 46
Financial Section, B12 Operations & Maintenance Fund Revenues and Expenditures OTHER FINANCING SOURCES (USES) Fund Transfers Prior Actual Budget +/- Transfers in - - 0.0% 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 63,212-93.0% Beginning fund balance 2,993,395 4,087,296 36.5% Ending fund balance 4,087,296 4,150,508 1.5% 47
Financial Section, B12 Operations & Maintenance Fund Revenues and Expenditures FOOTNOTES 12-1 Property tax levy rates/proportions shifted to ensure balanced funds. 12-2 Transfers to Capital Projects Fund for capital projects and Debt Service Fund for maintenance shop lease. 48
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 - - 0.0% Donations 13-1 60,000 60,000 0.0% Total 60,000 60,000 0.0% Total revenues 60,000 60,000 0.0% OTHER FINANCING SOURCES (USES) Fund Transfers Prior Actual Budget +/- Transfers in - - 0.0% Transfers out - - 0.0% Total - - 0.0% Total other financing sources (uses) - - 0.0% 49
Financial Section, B13 Working Cash Fund Revenues and Expenditures FUND BALANCE Net changes in fund balance 60,000 60,000 0.0% Beginning fund balance 3,092,077 3,152,077 1.9% Ending fund balance 3,152,077 3,212,077 1.9% FOOTNOTES 13-1 Annual pledge (2 of 5) due from the Boosters for the BHS stadium field. 50
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 14-1 2,371,288 3,031,733 27.9% Earnings on investments 717 1,000 39.5% Other 51,464 48,000-6.7% Total 2,423,469 3,080,733 27.1% State Sources Prior Actual Budget +/- Restricted: Tranportation aid 1,408,763 2,145,000 52.3% Total 1,408,763 2,145,000 52.3% Total revenues 3,841,565 5,225,733 36.0% EXPENDITURES Regular Transportation Services Prior Actual Budget +/- Salaries 99,231 91,388-7.9% 51
Finanacial Section, B14 Transportation Fund Revenues and Expenditures Employee benefits 33,447 34,987 4.6% Purchased services 4,322,424 4,406,394 1.9% Supplies and materials 6,655 6,800 2.2% Capital outlay - - 0.0% Other - - 0.0% Non capitalized equipment - - 0.0% Termination benefits - - 0.0% Total 4,461,756 4,539,569 1.7% Contingency Prior Actual Budget +/- Provision for contingencies - 150,000 0.0% Total - 150,000 0.0% Total expenditures 4,461,756 4,689,569 5.1% OTHER FINANCING SOURCES (USES) Fund Transfers Prior Actual Budget +/- Transfers in - - 0.0% Transfers out - - 0.0% Total - - 0.0% 52
Finanacial Section, B14 Transportation Fund Revenues and Expenditures Total other financing sources (uses) - - 0.0% FUND BALANCE Net changes in fund balance (620,192) 536,164-186.5% Beginning fund balance 678,806 788,258 16.1% Ending fund balance 788,258 1,324,422 68.0% FOOTNOTES 14-1 Property tax levy rates/proportions shifted to ensure balanced funds. 53
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 15-1 543,320 707,372 30.2% Social Security/ Medicare levy 668,044 707,372 5.9% Corporate personal property replacement taxes 60,197 532,000 783.8% Earnings on investments 712 1,000 40.5% Other - - 0.0% Total 1,272,274 1,947,744 53.1% Total revenues 1,272,274 1,947,744 53.1% EXPENDITURES Instruction Prior Actual Budget +/- Regular programs 351,699 341,744-2.8% Special education programs 347,584 315,396-9.3% Special education pre-k program 35,713 36,397 1.9% Remedial and supplemental programs 1,237 1,287 4.1% 54
Financial Section, B15 Municipal Retirement/ Social Security Fund Revenues and Expenditures CTE programs 57 - -100.0% Interscholastic programs 42,400 - -100.0% Summer school program 104 - -100.0% Gifted program 3,723 3,799 2.1% Drivers education program 1,979 1,610-18.7% Bilingual program 8,954 8,743-2.4% Total 793,449 708,975-10.6% Support Programs Prior Actual Budget +/- Pupils: Attendance & social work 12,723 13,288 4.4% Guidance services 18,587 19,380 4.3% Health services 54,752 52,597-3.9% Psychological services 7,476 7,544 0.9% Speech pathology services 13,890 14,313 3.0% Instructional staff: Improvement of instruction services 17,261 13,302-22.9% Education media services 38,369 34,785-9.3% Assessment & testing 1,158 1,185 2.3% General administration 13,060 12,421-4.9% School administration 161,247 152,627-5.3% Business: Direction of business 2,044 2,084 1.9% 55
Financial Section, B15 Municipal Retirement/ Social Security Fund Revenues and Expenditures Fiscal services 46,287 49,338 6.6% Operation & maintenance of plant services 256,289 249,029-2.8% Pupil transportation services 14,798 16,411 10.9% Food services 7,413 8,370 12.9% Central: Communication services 13,706 14,044 2.5% Information services 139,060 141,169 1.5% Human resources 19,019 19,356 1.8% Community services 4,757 4,763 0.1% Total 841,896 826,006-1.9% Contingency Prior Actual Budget +/- Provision for contingencies - - 0.0% Total - - 0.0% Total expenditures 1,617,139 1,514,194-6.4% OTHER FINANCING SOURCES (USES) Fund Transfers Prior Actual Budget +/- Transfers in - - 0.0% Transfers out - - 0.0% 56
Financial Section, B15 Municipal Retirement/ Social Security Fund Revenues and Expenditures Total - - 0.0% Total other financing sources (uses) - - 0.0% FUND BALANCE Net changes in fund balance (344,865) 433,550-225.7% Beginning fund balance 721,994 536,245-25.7% Ending fund balance 536,245 969,795 80.8% FOOTNOTES 15-1 Property tax levy rates/proportions shifted to ensure balanced funds. 57
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 9,099,325-2.4% Earnings on investments 2,789 4,000 43.4% Other - - 0.0% Total 9,329,674 9,103,325-2.4% Total revenues 9,329,674 9,103,325-2.4% EXPENDITURES Debt Service Prior Actual Budget +/- Principal retirement 7,215,000 6,700,000-7.1% Interest on bonds 2,401,631 2,254,785-6.1% Service charges 2,600 - -100.0% Rentals & leases 16-1 853,018 417,134-51.1% Total 10,472,250 9,371,919-10.5% Total expenditures 10,472,250 9,513,351-9.2% 58
Financial Section, B16 Debt Service Fund Revenues and Expenditures OTHER FINANCING SOURCES (USES) Fund Transfers Prior Actual Budget +/- Transfers in 836,937 558,566-33.3% Transfers out - - 0.0% Total 836,937 558,566-33.3% Total other financing sources (uses) 836,937 558,566-33.3% FUND BALANCE Net changes in fund balance (305,639) 148,540-148.6% Beginning fund balance 3,355,824 3,667,752 9.3% Ending fund balance 3,667,752 3,816,292 4.0% FOOTNOTES 16-1 Transfers in to pay short-term debt (capital leases of computers, copiers, maintenance shop). 59
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 - - 0.0% Land cash and donations 65,985 - -100.0% Other - - 0.0% Total 65,985-0.0% Total revenues 65,985 - -100.0% EXPENDITURES Facilities Acquisition & Construction Prior Actual Budget +/- Purchased services - 44,171 0.0% Supplies and materials - - 0.0% Capital outlay 1,376,199 2,200,100 59.9% Other - - 0.0% Non capitalized equipment - - 0.0% Total 1,376,199 2,244,271 0.0% 60
Financial Section, B17 Capital Projects Fund Revenues and Expenditures Total expenditures 1,376,199 2,244,271 63.1% OTHER FINANCING SOURCES (USES) Fund Transfers Prior Actual Budget +/- Transfers in 17-1 1,600,000 1,600,000 0.0% Transfers out - - 0.0% Total 1,600,000 1,600,000 0.0% Total other financing sources (uses) 1,600,000 1,600,000 0.0% FUND BALANCE Net changes in fund balance 289,785 (644,271) -322.3% Beginning fund balance 15,749 793,512 4938.5% Ending fund balance 793,512 149,241-81.2% 61
Financial Section, B17 Capital Projects Fund Revenues and Expenditures FOOTNOTES 17-1 Transfers in from O&M Fund to pay for capital projects. 62
Informational Section, C2 Property Tax Rates District Tax Rates Limit 2012 2013 2014 2015 2016 Educational 4.0000 3.6952 3.9061 3.9528 3.9763 3.8251 Operations & maintenance 0.7500 0.5344 0.6125 0.6329 0.6737 0.6104 Transportation n/a 0.1940 0.1437 0.1808 0.1573 0.2442 Illinois municipal retirement n/a 0.0508 0.0657 0.0687 0.0350 0.0570 Tort immunity n/a 0.0000 0.0000 0.0000 0.0000 0.0000 Special education 0.8000 0.5545 0.6481 0.7414 0.6554 0.6185 Social security n/a 0.0924 0.0888 0.0949 0.0568 0.0570 Lease/ purchase 0.0500 0.0000 0.0000 0.0000 0.0000 0.0000 Working cash 0.0500 0.0000 0.0000 0.0000 0.0000 0.0000 Bond and interest n/a 0.9647 0.9078 0.8991 0.8496 0.7607 Total tax rate 6.0860 6.3727 6.5706 6.4041 6.1728 7.0000 Property Tax Rates 6.0000 5.0000 4.0000 3.0000 2.0000 1.0000 0.0000 2012 2013 2014 2015 2016 Educational Operations & maintenance Transportation Illinois municipal retirement Tort immunity Special education Social security Lease/ purchase Working cash Bond and interest 63