City of Bristol s Vision Looking Ahead to 2034

Similar documents
PROPOSED BUDGET FISCAL YEAR 2019

Kent C. Dickey Assistant Superintendent for Finance. July 22,

LEE COUNTY PUBLIC SCHOOLS BUDGET

School Board Budget Fiscal Year

DRAFT. LEE COUNTY PUBLIC SCHOOLS Page 1 of Categorical Budget. Total State Funds 24,889, ,213, ,324,309.

LEE COUNTY PUBLIC SCHOOLS Page 1 of Categorical Budget

Unfulfilled Student Achievement Objectives

Alleghany County Public Schools

FY 2017 APPROVED BUDGET. School Operating Budget

Alleghany County Public Schools

K-12 Funding in Virginia. Fiscal Analytics, Ltd August 14, 2015

MONTGOMERY COUNTY PUBLIC SCHOOLS PAY PLAN FISCAL YEAR 2018

Maine School Administrative District No. 1 Castle Hill * Chapman * Mapleton * Presque Isle * Westfield BUDGET PROPOSAL OF THE BOARD OF DIRECTORS

Budget Overview March 27, 2013

Pay Plan and Pay Scales

TAZEWELL COUNTY PUBLIC SCHOOLS Budget Overview

SUMMARY OF REVENUE & EXPENDITURES ADM 4180 COMPOSITE INDEX.3272

OPERATING BUDGET FISCAL YEAR We Are

Preliminary Budget Information As Requested by the Board of County Supervisors

Botetourt County Public Schools Proposed School Board Budget FY

Wheatland-Chili Central Schools Budget Development

Positive Outcomes Charter School Renewal Application. Appendix 13A. 100% Enrollment Five-Year Fiscal Projections

Waynesboro Public Schools Waynesboro, Virginia School Board Meeting

Positive Outcomes Charter School Renewal Application. Appendix 13B. 80% Enrollment Five-Year Fiscal Projections

5-Year Revenue/Expense Projections. November 23, 2010

FY School Board Adopted Budget Financial Highlights

Caledonia-Mumford Budget Development Board of Education Meeting March 13, Central School District

Appendix 13 Newark Charter School Renewal Application 5 Year Budget Projections

Amortization: The process of decreasing, or accounting for, an amount over a period of time.

Superintendent s Proposed Budget Fiscal Year 2012

Tioga Central Budget Goals

VACO Education Steering Committee Fiscal Analytics, Ltd. August 16, 2013

Lunenburg County Public School Budget

Budget SY Sumner County Schools

LIVONIA PUBLIC SCHOOLS Second Amended General Fund and District Budgets

FY 2018 Proposed Budget Approach

Wheatland-Chili Central Schools Budget Development

Salary Study for Teachers and Selected Educational Support Professionals Volume II: Teacher Salary Scales

NEWPORT PUBLIC SCHOOLS REVENUE BUDGET (UNRESTRICTED FUND ONLY) FISCAL YEAR ENDED JUNE 30, 2016

Budget SY Sumner County Schools

Knox County Schools General Purpose Fund Revenue Forecast for Fiscal Year 2019 as of March 26, 2018 FY 2016

FINANCIAL PLAN F I N A N C I A L P L A N. Prince George s County Public Schools Page 27

Wheatland-Chili Central Schools Budget Development. Board of Education Meeting February 13, 2017

Line Item Budget

Proposed Budget Fiscal Year 2016

Budget & 5-Year Capital Plan School Board Adopted

Licking Heights Local School District 5 Year Forecast Assumptions (FY 2013 FY 2017) Board Approved: October 24, Revenue:

Budget Meeting #2 Budget Overview Presentation 2 for School Year

Marietta City School District Assumptions for October year Forecast

CARROLL COUNTY BOARD OF EDUCATION APPROVED BUDGET FOR FISCAL YEAR 2017/18

Hanover County Public Schools Superintendent s Proposed FY2017 Financial Plan February 17, 2016

Superintendent s Proposed BUDGET Fiscal Year Public Hearing April 8, 2015

Hampton City Schools Job Classification Listing SY 16/17

Budget Update Jaime Alicea Superintendent of Schools April 11, 2018

Summary of Significant Forecast Assumptions Amanda-Clearcreek Local School District July 1, 2017 June 30, 2022 October 2017.

Charles City Public Schools FY19 Operating and CIP Budgets. A Presentation Before the Charles City County Board of Supervisors, February 27, 2018

BUDGET SUMMARY FISCAL YEAR Working Together, Achieving Excellence

2/26/2015 1

B o a r d o f E d u c a t i o n A P P R O V E D A n n u a l O p e r a t i n g B u d g e t FY 2017 CHIEF EXECUTIVE OFFICER

HINGHAM PUBLIC SCHOOLS BUDGET OVERVIEW FOR FY 20. Operating Budget Proposal from the Administration to the School Committee January 3, 2019

Frederick County Public Schools Budget

BUDGET - Draft ( ).v5 (1) A B C D E F G H I J Page 1 of 4

Estimated Revenue and transfers In Changes

Fiscal Year. August 29, 2014

Brunswick County Schools Budget for Presented to Board of Education, August 8, 2017

ROCKINGHAM COUNTY SCHOOLS PROPOSED BUDGET

Ferndale School District #502 Business and Support Services Budget Summary Citizens' Budget General Fund

Shenandoah County Public Schools Budget April 23, 2015

Fiscal Year GUIDE TO UNDERSTANDING THE BUDGET CHERRY CREEK SCHOOL DISTRICT #5 ARAPAHOE COUNTY, COLORADO

KING WILLIAM COUNTY PUBLIC SCHOOLS Approved Budget for Fiscal Year EXPENDITURES

SCHOOL BOARD MEETING Monday, February 18, 2019 Fauquier High School, 6:00pm

FY2015 Operating Budget

SALARY SCALES. for Contracted Employees AUGUSTA COUNTY PUBLIC SCHOOLS

Preliminary Budget Presentation

TOOELE COUNTY SCHOOL DISTRICT CERTIFIED SALARY SCHEDULE Fiscal Year

Building a Better #oneccps Proposed FY 2018 Financial Plan Dr. James Lane, Superintendent * Jan. 24, 2017

GENERAL FUND BUDGET FUND NO 199

School Year Salary Schedules

Superintendent s Proposed Budget

Preliminary Five-Year Plan (FY17-21) and Lump Sum Statement (FY16-17)

Click to edit Master title style

School Year Budget Planning BUDGET FORUM

Orange Unified School District (C) Copyright March 2018 All Rights Reserved


Proposed Budget

Wrentham Public Schools

MCCREARY COUNTY BOARD OF EDUCATION SALARY SCHEDULES

Staff Budget Reduction Recommendation. Board of Education Meeting January 11, 2011

Mart ISD Salary, Wage, & Retention Schedules

FINANCIAL PLAN. F i n a n c i a l P l a n

CHENANGO VALLEY CENTRAL SCHOOL DISTRICT PROPOSED BUDGET

School Year Salary Schedules

HINGHAM PUBLIC SCHOOLS BUDGET OVERVIEW FOR FY 18. Operating Budget Proposal from the Administration to the School Committee January 5, 2017

Superintendent s Proposed FY 2017 Budget Summary

Fund Code Descriptions

HOOSICK FALLS CENTRAL SCHOOL DISTRICT PROPOSED BUDGET

Budget Presentation March 27, 2017

Staff recommends removal of this policy.

School District of Philadelphia Budget 101: Understanding the District s Budget. April 17, 2018

Henrico County Public Schools 2017/2018 Annual Financial Plan January 26, 2017

Transcription:

City of Bristol s Vision Looking Ahead to 2034

City of Bristol s Vision The strategic and focused increase of educational funding has seeded, nourished and grown our workforce to be the envy of the nation. Bristol Our Vision Our Future: Economic Hub Businesses, individuals, and families relocate to the area to take advantage of these educational opportunities not found in other nearby communities. Bristol Our Vision Our Future: Foundation for the Future

Our Vision Building Bristol s Future One Student at a Time

Working Together To Build Bristol s Future

Getting Your Money's Worth 2017 Data Graduation Index was 89.6% 37% of graduates went to a 4 year college 30% of graduates went to a 2 year school 41% earned an Advanced Diploma Over the Last 9 Years Nine Year Graduation Index is 90% An index of 85 is minimum for Accreditation Some urban school divisions have 70 (or worse) graduation indices

Where Are They Now Teacher Attorney Military Factory Worker Pediatric ER Nurse Veterinarian Doctor Cosmetologist Accountant Law Enforcement / Public Service Chemist Airline Pilot Occupational Therapist Mechanic Secretary of Agriculture Talent Scout (Hollywood) World Series Champion Guidance Counselor Tourism Banking Insurance City Council / School Board Members

Workforce Beginning Fall of 2018, Virginia High School will offer FIREFIGHTING 1 ELECTRICITY 1

Good Stewards Updated VHS windows and renovated lighting and boiler systems at VHS, VMS and VP without asking for money from the City Renovated Central Warehouse Building that currently houses Central Office without asking for money from the City Possibly building a new school without asking for money from the City (or very little)

Good Stewards School Related Debt Service Paid by Locality $111 Per Student

70.0 City Comparisons 1.4000 60.0 1.1700 $60 1.2000 50.0 1.0621 $46 $49 0.9700 1.0000 40.0 $33 $34 0.7600 38.7 35.08 0.8700 37.52 35.8 0.8000 30.0 20.0 29.2 25.44 19.7 27.23 21.4 22.2 26.08 2 22.3 27.3 0.6000 0.4000 12.5 10.0 $4.1 $5.2 $4.2 $5.1 $8.4 0.2000 0.0 BRISTOL MARTINSVILLE RADFORD STAUNTON WAYNESBORO % of City Budget Per Student multiplied by 100 Per Resident multiplied by 100 LCI % of School Budget Funded by City RE Tax 0.0000

Percent of Expenditures Considered Instructional 2 0 1 7 Waynesboro Staunton Radford Martinsville Bristol 60 62 64 66 68 70 72 Waynesboro Staunton Radford Martinsville Bristol 74

Overall SOL Perfomance Average of Pass Rate by Division Waynesboro City Staunton City Radford City Martinsville City Bristol City 0.66 0.68 0.7 0.72 0.74 0.76 0.78 0.8 0.82 0.84 0.86

Positions Lost Net of 54.75 positions cut since 2009 (excluding bringing custodial in house) 11.75 in last three years

Budget Summary

Revenues State Local Federal Grants

Federal Budget Reductions Possible elimination of Title II ($131,507), Title III ($3,852), and Title IV 21 st Century ($374,400) We would lose extra resources for activities such as after school programs, additional classroom aides and/or tutoring, professional development and certain enrichment and remedial services Not making changes to budget at this point but are making preliminary plans should reductions occur Schools should be able to operate without federal funds

Local Composite Index (Local Ability to Pay) Biennium LCI 2018 2020 0.29220 2016 2018 0.30430 2014 2016 0.30850 2012 2014 0.31900 2010 2012 0.31320

Recent Funding Trends (Commonwealth Institute)

Budget Assumptions Governor s Introduced Budget, dated December 18, 2017 2% Plus Step Salary Increase One Half of Supplemental Lottery Used for Recurring Expenses Health Insurance Increase Covered for KA 1000 Employee Only Coverage

Current Wages 16.5% of Bristol Residents hold a Bachelor s degree or above Per Capita Personal Income is $39,321 as of June 30, 2017 Takes 1/3 of Teacher Career to get to our City average (Step 9) Average 8 hour support salary: $29,553

Teacher s Pay Bachelor s State Average* Bristol Virginia* Bristol Tennessee** Washington County, VA* 0 40,499 36,000 42,012 36,016 5 42,428 37,749 45,879 38,783 10 44,765 39,697 49,464 40,478 15 47,752 43,850 53,076 42,995 20 51,554 50,504 56,236 48,365 25 55,895 60,059 58,723 53,957 30 60,727 60,059 61,681 59,093 *VEA Research 2017 2018 Salary Study for Teachers Volume 1 **Bristol Tennessee Salary Scales

Administrative Pay Eliminated Two Levels Combined remaining scales Increased Assistant Superintendent scale No increase for Superintendent

Substitutes, Clerical and Other Increase substitute pay to $10.50 $12.20 (22% increase) Eliminated potential unpaid days for 12 month support staff by adding work days Reinstated bus aides Added Seven Workdays to Nurses Almost every employee gets a raise

State funding is provided mainly to cover SOQ positions and programs SOQ s (Standards of Quality) are minimum requirements that must be met by all Virginia public schools and school divisions

Non-required Positions and Programs Include: Bus drivers & transportation Athletics and extra-curricular activities Some nurses Some central office administrators and clerical Many classroom and support teachers Much of maintenance Custodial services Many Special education services programs and personnel Much of our professional development Much of our technology and other classroom and clerical resources

Budget Adjustments to Arrive at Zero 2% Plus Step Salary Increase Includes $57,822 Reduction in VRS Rates 423,364 Staffing Updates Including Increase in Substitute Pay, Administrative Scale Adjustments, Reinstatement of Bus Aides, Reinstatement of English Teacher, Clerical Adjustment, Additional Nursing Days, Etc. 227,954 Health Insurance Rate Increase 89,750 Technology Need Increase Software and 1:1 Items 113,500 Expected Decrease In Medicaid Reimbursements 90,000 Bus Purchase 100,000 State Revenue General (458,637) State Revenue Vocational Correction (333,877) Decrease In Local Match for Textbooks and Security Grant (28,124) Anticipated Retirement Savings and/or Other Budget Adjustments (223,930)

2018-19 Budget 2017 2018 2018 2019 (Proposed) Difference Total Budget 26,661,705 27,254,256 592,551 State Revenue Grant/Offset 2,543,324 2,690,981 147,657 State Revenue SOQ/General 13,502,924 13,961,561 458,637 State Revenue CTE Correction 147,948 481,825 333,877 Total State Revenue 16,194,196 17,134,367 940,171 Federal Revenue Grant/Offset 2,433,161 2,460,661 27,500 Federal Revenue General 257,500 167,500 (90,000) Total Federal Revenue 2,690,661 2,628,161 (62,500) City Appropriation Operations 6,986,010 6,986,010 0 City School Debt Service 247,200 0 (247,200) Other Local 543,638 505,718 (37,920) Total Local Revenue 7,776,848 7,491,728 (285,120)

Local Request Requesting $6,986,010 from City out of a $27,254,256 total budget 25.63% (27.13% of FY 18) of projected budget funded by City School System is now covering 100% of its debt and lease obligations without additional debt service funds from the City (Energy Lease $272,282; CO Building $322,500)

Summary of Request from City Total Funding from City FY 2018 $7,233,210 Total Funding Requested FY 2019 $6,986,010 Reduction in Total School Funding * $ 247,200 * Option 1 City can choose not to appropriate to Schools and spend at City discretion Option 2 City can start a fund to cover unexpected costs associated with school construction (road widening, sidewalks, etc.) Option 3 City can choose to appropriate funds to Schools and Schools will put in a debt service fund for future payments Option 4 City can choose to appropriate to Schools to begin renovations at Van Pelt Option 5 City can choose to appropriate funds to Schools to spend at their own discretion New construction will require the $247,200 to be reinstated in the fiscal year that the new school building payments begin

Other Funds FY 2019 Fund Name Anticipated Beginning Balance Proposed Revenues Proposed Expenditures Anticipated Ending Balance Food Service 311,937 1,476,725 1,473,455 315,207 Fund Textbook Fund 400,000 215,032 250,000 365,032 School Capital Projects Fund Local Capital Projects Fund 173,576 0 173,576 0 217,000 100 217,100 0 Proposed expenditures are estimated so that an additional appropriation will not be required by City Council in the Fall of 2018. No exact determination of capital expenditures has been made at this point.