2018-19 Budget Hearing PRESENTED BY FINANCIAL SERVICES AUGUST 20, 2018 1
2018-19 Budget Overview The Texas Education Code requires that every local education agency in Texas prepare and file a budget of anticipated revenues and expenditures with the Texas Education Agency. The State Board of Education requires that this budget be prepared and adopted by August 31 by the Board of Trustees.
Assumptions Enrollment 2.9% growth New Campuses: Campbell Elementary, Paetow High School Grade Level Tax Base 2.4% growth
Assumptions Salary Increases: Teacher paygrade averaged 2% Non-teacher paygrades 2% of midpoint 1% one-time lump sum payment for all staff Maintenance & Operations Tax Rate: $1.1466 Debt Service Tax Rate: $0.37
2018-19 General Fund
2018-19 General Fund - Revenue REVENUES Tax Revenue ($1.1466) $ 443,256,388 Other Local Revenue 13,366,700 State Funding 209,450,746 State TRS Contributions 36,376,443 Federal Revenue 12,699,339 Total Revenues $ 715,149,616
2018-19 General Fund - Revenue 2% 34% Local Revenue State Revenue Federal Revenue 64%
2018-19 General Fund - Expenditures 12% Payroll Costs Non-Payroll Costs 88%
2018-19 General Fund Payroll & Benefits PAYROLL BUDGET Salaries $ 499,491,021 Other Compensation 32,816,896 Benefits 96,733,841 Total Payroll Budget $ 629,041,758
2018-19 General Fund Non-Payroll NON-PAYROLL COSTS Campus & Department Allocations $ 68,341,156 (Utilities, Fuel, Software, Appraisal Fees) Non-Allocations 13,757,208 TIRZ Contribution 4,797,789 Total Non-Payroll Costs $ 86,896,153
2018-19 General Fund Purchased & Contracted Services 5.2% Supplies & Materials 4.7% Other Operating 2.2% Capital Outlay 0% Payroll Costs 87.8%
2018-19 General Fund $500 $450 $400 $350 $300 $250 $200 $468.6 Instruction & Instructional Related Instructional & School Leadership Support Services - Student Administrative Support Services $150 $100 Support Services - Non-Student $50 $0 $45.9 $72.3 $15.3 $88.3 $11.4 Ancillary Services
GENERAL FUND Budgeted Fund Balance at September 1, 2018 $ 206,470,936 Revenues Property Taxes and Other Local Revenues 456,623,088 State Program Revenues 245,827,189 Federal Program Revenues 12,699,339 Total Revenues 715,149,616 Expenditures Payroll Costs 616,460,919 Purchased and Contracted Services 36,634,830 Supplies and Materials 33,246,006 Other Operating Expenses 15,258,658 Capital Outlay 222,085 Total Expenditures 701,822,498 Operating Transfers In (Out) (13,268,893) Net Change to Fund Balance 58,225 Budgeted Fund Balance at August 31, 2019 $ 206,529,161
2018-19 Food Service Fund
FOOD SERVICE FUND Budgeted Fund Balance at September 1, 2018 $ 4,304,959 Revenues Local Revenues 14,635,000 State Program Revenues 180,000 Federal Program Revenues 16,445,893 Total Revenues 31,260,893 Expenditures Payroll Costs 13,679,905 Purchased and Contracted Services 84,000 Supplies and Materials 18,192,306 Other Operating Expenses 43,900 Capital Outlay Total Expenditures 32,000,111 Operating Transfers In (Out) Net Change to Fund Balance (739,218) Budgeted Fund Balance at August 31, 2019 $ 3,565,741
2018-19 Debt Service Fund
DEBT SERVICE FUND Budgeted Fund Balance at September 1, 2018 $ 56,382,357 Revenues Property Taxes ($0.37) Interest Earnings & Other Local State Revenues - ASAHE 143,035,814 1,125,000 1,881,841 Total Revenues 146,042,655 Expenditures Principal Payments * 71,970,000 Interest Payments 85,058,234 Fees - Trust Department and Other 321,766 Total Expenditures 157,350,000 Transfers In (Out) - Capital Projects & GOF Funds 12,048,893 Net Change to Fund Balance 741,548 Budgeted Fund Balance at August 31, 2019 $ 57,123,905 Includes $5M principal defeasance
Proposed Official Budget 2018-19 Special Debt General Revenue Service Fund Fund Fund Total Fund Balance at September 1, 2018 $206,470,936 $4,304,959 $56,382,357 $267,158,252 Revenues 5700 Property Taxes and Other Local Revenues 456,623,088 14,635,000 144,160,814 615,418,902 5800 State Program Revenues 245,827,189 180,000 1,881,841 247,889,030 5900 Federal Program Revenues 12,699,339 16,445,893 29,145,232 Total Revenues 715,149,616 31,260,893 146,042,655 892,453,164 Expenditures 6100 Payroll Costs 616,460,919 13,679,905 630,140,824 6200 Purchased and Contracted Services 36,634,830 84,000 36,718,830 6300 Supplies and Materials 33,246,006 18,192,306 51,438,312 6400 Other Operating Expenses 15,258,658 43,900 15,302,558 6500 Debt Payments 157,350,000 157,350,000 6600 Capital Outlay 222,085 222,085 Total Expenditures 701,822,498 32,000,111 157,350,000 891,172,609 Operating Transfers In (Out) (13,268,893) 12,048,893 (1,220,000) Excess (Deficiency) of Revenues 58,225 (739,218) 741,548 60,556 Fund Balance at August 31, 2019 $206,529,161 $3,565,741 $57,123,905 $267,218,808
Proposed Budget 2018-19 Revenues Special Debt General Revenue Service Fund Fund Fund Total 5700 Property Taxes and Other Local Revenues 456,623,088 14,635,000 144,160,814 615,418,902 5800 State Program Revenues 245,827,189 180,000 1,881,841 247,889,030 5900 Federal Program Revenues 12,699,339 16,445,893 29,145,232 Total Revenues 715,149,616 31,260,893 146,042,655 892,453,164 Expenditures 11 Instruction 450,618,780 450,618,780 12 Instructional Resources and Media Services 8,321,968 8,321,968 13 Curriculum and Instructional Staff Development 9,674,450 9,674,450 21 Instructional Leadership 5,867,887 5,867,887 23 School Leadership 40,054,526 40,054,526 31 Guidance, Counseling and Evaluation Services 30,729,373 30,729,373 33 Health Services 7,403,791 7,403,791 34 Student (Pupil) Transportation 19,476,047 19,476,047 35 Food Services 32,000,111 32,000,111 36 Co-curricular/Extracurricular Activities 14,714,812 14,714,812 41 General Administration 15,298,628 15,298,628 51 Plant Maintenance and Operations 65,831,319 65,831,319 52 Security and Monitoring Services 8,930,721 8,930,721 53 Data Processing Services 13,512,883 13,512,883 61 Community Services 323,260 323,260 71 Debt Service 157,350,000 157,350,000 81 Facilities Acquisition and Construction 896,687 896,687 93 Payments to Fiscal Agents 658,000 658,000 95 Payments to Juvenile Justice Education Program 123,577 123,577 97 Payments to Tax Increment Fund 4,797,789 4,797,789 99 Intergovernmental 4,588,000 4,588,000 Total Expenditures 701,822,498 32,000,111 157,350,000 891,172,609 Operating Transfers In (Out) (13,268,893) 12,048,893 (1,220,000) Excess (Deficiency) of Revenues 58,225 (739,218) 741,548 60,555
Thank You 20