Chesterfield County School Board Approved FY 2015 Operating Budget & CIP Presented to the Board of Supervisors March 10, 2014 1
An Investment That Makes Dollars and Sense Investing in a strong public school system is far more cost-effective than paying for the social and economic consequences of underfunded, lowquality schools A quality education results in graduates who find gainful employment have stable families are less likely to commit crimes are active and productive citizens have lower healthcare costs and are less likely to be on welfare Mission CCPS supports options and opportunities to meet the diverse needs and interests of individual students.
Sustaining a First-Choice School Division Community expectations Safe schools Smaller class sizes Expanded course offerings Quality teachers in every classroom College- and career-ready graduates
Tough Choices Efficient Operations FISCAL YEAR APPROVED FTE FY2009 $594,466,400 7,493.3 FY2010 $571,630,000 7,270.8 FY2011 $517,824,500 7,003.6 FY2012 $522,144,300 6,962.5 FY2013 $533,314,000 6,984.5 FY2014 $534,509,400 7,010.0
A Comparative Look at Per-Pupil Expenditures Division FY2009 FY2012 Lost P/pupil Spending Difference Chesterfield $ 9,066 $ 8,225 $ (841) -9.3% Hampton $ 10,559 $ 10,082 $ (477) -4.5% Norfolk $ 10,506 $ 10,142 $ (364) -3.5% Hanover $ 9,288 $ 8,968 $ (320) -3.5% Prince William $ 10,121 $ 9,829 $ (292) -2.9% State Average $ 10,778 $ 10,493 $ (285) -2.6% Henrico $ 9,172 $ 8,936 $ (236) -2.6% Chesapeake $ 10,681 $ 10,502 $ (179) -1.7% Virginia Beach $ 10,495 $ 10,340 $ (155) -1.5% Stafford $ 9,129 $ 9,239 $ 110 1.2% Richmond City $ 12,962 $ 13,540 $ 578 4.3% * Source: VDOE Superintendent's Annual School Report - Table 13
Revenue vs. Inflationary Pressures 40 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 30 20 10 0-10 -20-30 -40-50 Expenditure Changes Revenue Changes -60 6
Strategically Reinvesting in Excellence FY2015 Projected Needs 7
FY2015 Approved Operating Revenue $565.0 Million State $238,220,500 42.2% Sales Tax $58,248,300 10.3% Other $10,479,700 1.85% Federal $390,000 0.1% * Includes prior year results and one-time funding County* $257,647,900 45.6% 8
FY2015 Expenditure Increases Mandated Expenditures Increases $18.7M 56% Community Expectation Increases $8.4M 25% Commitment Increases $6.4M 19% 9
Total Operating revenue available for FY2015 approved 564,986,400 FY2014 Approved Budget 534,509,400 Expenditure Increases K-3 Class Size Reduction 935,000 Student Growth 473/150 1,418,000 Decrease PTR in Targeted Areas 3,871,000 Career & Technical Center Program (Career & Technical Center @ Hull) 1,500,000 Safety Net Initiative 343,200 Replacement Buses 4,000,000 Annualizing 1/1/2014 Salary Increase 2,940,000 Annualizing Healthcare Costs 2,700,000 VRS Rate Change 7,610,100 1% Salary Increase 3,800,000 Restore Level of Academic/Athletic Supplements 375,000 Homebound 458,300 Transportation 754,000 Special Education Transportation 320,000 Instructional Substitutes 340,000 Workers Compensation 2,200,000 Total Increases 33,564,600 Approved Reductions to Balance (3,087,600) School Board Approved FY 2015 Operating Budget 564,986,400 10
7 Year Capital Plan Grand FY14 FY15 FY16 FY17 FY18 FY19 FY20 Total Sources: CIP Reserve Transfer * $ 2,190,000 $ 3,350,000 $ 5,654,000 $ 5,654,000 $ 5,654,000 $ 5,654,000 $ 5,654,000 $ 33,810,000 Additional Transfer - County Contribution $ 3,650,000 $ 1,200,000 $ 4,850,000 Operating Transfer** $ - $ 380,000 $ 1,267,600 $ 1,267,600 $ 1,267,600 $ 1,267,600 $ 1,267,600 $ 6,718,000 Debt Financing - G.O. Bonds $ 7,500,000 $ 36,602,000 $ 36,048,000 $ 46,237,300 $ 37,597,300 $ 33,000,000 $ 44,200,000 $ 241,184,600 Debt Financing - G.O. Bonds - County Contribution $ 3,498,000 $ 1,802,000 $ 6,362,700 $ 5,402,700 $ 17,065,400 Debt Financing - ESCO $ 4,000,000 $ 1,700,000 $ 14,650,000 $ 1,600,000 $ 1,600,000 $ 1,600,000 $ 1,600,000 $ 26,750,000 State Technology Grants (FY14 includes FY13) $ 3,600,000 $ 1,800,000 $ 1,800,000 $ 1,800,000 $ 1,800,000 $ 1,800,000 $ 1,800,000 $ 14,400,000 School Nutrition Services $ 1,223,200 $ 901,000 $ 2,124,200 Cash Proffers $ 2,162,000 $ 3,000,000 $ 3,000,000 $ 3,000,000 $ 3,000,000 $ 3,000,000 $ 3,000,000 $ 20,162,000 Total $ 20,675,200 $ 51,231,000 $ 64,221,600 $ 65,921,600 $ 59,971,600 $ 47,521,600 $ 57,521,600 $ 367,064,200 Uses: Major Maintenance $ 1,000,000 $ 1,700,000 $ 1,750,000 $ 1,700,000 $ 1,700,000 $ 1,700,000 $ 1,700,000 $ 11,250,000 Major Maintenance performed by ESCO $ 4,000,000 $ 1,700,000 $ 14,650,000 $ 1,600,000 $ 1,600,000 $ 1,600,000 $ 1,600,000 $ 26,750,000 Major Maintenance funded w/ addtl county contribution $ 3,650,000 $ 1,200,000 $ 4,850,000 Security Enhancements $ 250,000 $ 250,000 $ 351,600 $ 351,600 $ 351,600 $ 351,600 $ 351,600 $ 2,258,000 Technology Plan/replacements $ 5,540,000 $ 2,610,000 $ 2,140,000 $ 2,140,000 $ 2,140,000 $ 2,140,000 $ 2,140,000 $ 18,850,000 Blended Learning Technology Program (gr. 6-12) $ - $ 2,670,000 $ 6,230,000 $ 6,230,000 $ 6,230,000 $ 6,230,000 $ 6,230,000 $ 33,820,000 School Nutrition Service $ 1,223,200 $ 901,000 $ 2,124,200 Future Acquisitions $ 2,162,000 $ 2,162,000 Subtotal $ 14,175,200 $ 9,831,000 $ 25,121,600 $ 12,021,600 $ 15,671,600 $ 13,221,600 $ 12,021,600 $ 102,064,200 Providence Middle Renovation $ 2,000,000 $ 23,900,000 $ 25,900,000 Monacan High (Gym, Media Center, Admin.) $ 1,500,000 $ 1,000,000 $ 2,500,000 Monacan High $ 11,500,000 $ 11,500,000 Manchester Middle Renovation $ 3,000,000 $ 1,000,000 $ 34,100,000 $ 38,100,000 Beulah ES Replacement $ 1,000,000 $ 25,000,000 $ 26,000,000 Enon Elementary Replacement $ 1,000,000 $ 24,900,000 $ 25,900,000 Enon Elementary Replacement $ 1,000,000 $ 1,000,000 $ 1,000,000 $ 3,000,000 Matoaca Elementary Replacement $ 2,000,000 $ 1,000,000 $ 27,500,000 $ 30,500,000 Administrative Space $ 1,000,000 $ 1,000,000 $ 2,000,000 Harrowgate Elementary Renovation $ 1,000,000 $ 13,800,000 $ 14,800,000 Harrowgate Elementary Renovation $ 1,000,000 $ 1,000,000 $ 2,000,000 Reams Elementary Renovation $ 1,000,000 $ 1,000,000 $ 17,500,000 $ 19,500,000 Crestwood Elementary Renovation $ 1,000,000 $ 1,000,000 $ 13,800,000 $ 15,800,000 New Elementary (Midlothian Area) $ 27,600,000 $ 27,600,000 New Elementary (Midlothian Area) $ 1,000,000 $ 1,000,000 $ 1,000,000 $ 3,000,000 Ettrick Elementary Renovation $ 14,900,000 $ 14,900,000 Ettrick Elementary Renovation $ 1,000,000 1,000,000 $ 2,000,000 Subtotal $ 6,500,000 $ 41,400,000 $ 39,100,000 $ 53,900,000 $ 44,300,000 $ 34,300,000 $ 45,500,000 $ 265,000,000 Grand Total $ 20,675,200 $ 51,231,000 $ 64,221,600 $ 65,921,600 $ 59,971,600 $ 47,521,600 $ 57,521,600 $ 367,064,200 11
9 Year Capital Plan Sources: FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 Grand Total CIP Reserve Transfer* $2,190,000 $3,350,000 $5,654,000 $5,654,000 $5,654,000 $5,654,000 $5,654,000 $5,654,000 $5,654,000 $45,118,000 Additional Transfer - County Contribution 3,650,000 1,200,000 4,850,000 Operating Transfer** 0 380,000 1,267,600 1,267,600 1,267,600 1,267,600 1,267,600 1,267,600 1,267,600 9,253,200 Debt Financing - G.O. Bonds 7,500,000 39,240,000 37,850,000 20,337,300 21,197,300 30,200,000 33,000,000 38,660,000 16,600,000 244,584,600 Debt Financing - G.O. Bonds (County Contribution) 860,000 6,362,700 5,402,700 4,440,000 17,065,400 Debt Financing - ESCO 4,000,000 1,700,000 14,650,000 1,600,000 1,600,000 1,600,000 1,600,000 1,600,000 1,600,000 29,950,000 State Technology Grants (FY14 includes FY13) 3,600,000 1,800,000 1,800,000 1,800,000 1,800,000 1,800,000 1,800,000 1,800,000 1,800,000 18,000,000 School Nutrition Services 1,223,200 901,000 2,124,200 Cash Proffers 2,162,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 26,162,000 Total 20,675,200 51,231,000 64,221,600 40,021,600 43,571,600 44,721,600 46,321,600 56,421,600 29,921,600 397,107,400 Uses: Major Maintenance $1,000,000 $1,700,000 $1,750,000 $1,700,000 $1,700,000 $1,700,000 $1,700,000 $1,700,000 $1,700,000 $14,650,000 Major Maintenance performed by ESCO 4,000,000 1,700,000 14,650,000 1,600,000 1,600,000 1,600,000 1,600,000 1,600,000 1,600,000 29,950,000 Major Maintenance funded (w/ addtl county contribution) 3,650,000 1,200,000 4,850,000 Security Enhancements 250,000 250,000 351,600 351,600 351,600 351,600 351,600 351,600 351,600 2,961,200 Technology Plan/replacements 5,540,000 2,610,000 2,140,000 2,140,000 2,140,000 2,140,000 2,140,000 2,140,000 2,140,000 23,130,000 Blended Learning Technology Program (gr. 6-12) 0 2,670,000 6,230,000 6,230,000 6,230,000 6,230,000 6,230,000 6,230,000 6,230,000 46,280,000 School Nutrition Service 1,223,200 901,000 0 0 2,124,200 Future Acquisitions 2,162,000 3,000,000 3,000,000 8,162,000 Subtotal 14,175,200 9,831,000 25,121,600 12,021,600 15,671,600 13,221,600 12,021,600 15,021,600 15,021,600 132,107,400 Providence Middle Renovation 2,000,000 23,900,000 25,900,000 Monacan High (Gym, Media Center, Admin.) 1,500,000 1,000,000 2,500,000 Monacan High 11,500,000 11,500,000 Manchester Middle Renovation 3,000,000 1,000,000 34,100,000 38,100,000 Beulah ES Replacement 1,000,000 25,000,000 26,000,000 Enon Elementary Replacement 1,000,000 1,000,000 24,900,000 26,900,000 Enon Elementary Replacement 1,000,000 1,000,000 2,000,000 Matoaca Elementary Replacement 2,000,000 1,000,000 27,500,000 30,500,000 Administrative Space 1,000,000 1,000,000 2,000,000 Harrowgate Elementary Renovation 1,000,000 13,800,000 14,800,000 Harrowgate Elementary Renovation 1,000,000 1,000,000 2,000,000 Reams Elementary Renovation 1,000,000 1,000,000 17,500,000 19,500,000 Crestwood Elementary Renovation 1,000,000 1,000,000 13,800,000 15,800,000 New Elementary (Midlothian Area) 1,000,000 1,000,000 1,000,000 27,600,000 30,600,000 Ettrick Elementary Renovation 1,000,000 1,000,000 14,900,000 16,900,000 Subtotal $6,500,000 $41,400,000 $39,100,000 $28,000,000 $27,900,000 $31,500,000 $34,300,000 $41,400,000 $14,900,000 $265,000,000 Grand Total $20,675,200 $51,231,000 $64,221,600 $40,021,600 $43,571,600 $44,721,600 $46,321,600 $56,421,600 $29,921,600 $397,107,400 12
THIS BUDGET IS ABOUT MORE THAN MONEY IT S ABOUT BUILDING ON OUR SUCCESSES & REVITALIZING OUR COMMUNITY Chesterfield County Public Schools has a proud history of graduates who are making a positive difference in the world. Terrell Brown CBS News Correspondent Tracy Kemp Stallings COO HCA Virginia s Johnston Willis Hospital Eric & Evan Edwards Inventors of Life Saving Devices David J. Furness Brigadier General U.S. Marine Corps Jennifer Miles-Thomas Surgical Urologist Laura Fornash Virginia Secretary of Education Ben Hancock, Jr. President Methodist University John M.Barnwell, M.D. Chairman Sinai-Grace Hospital 13
The Gold Standard for Education Every student deserves an education that provides an opportunity to make a positive difference in the world Saumil Bandyopadhyay MIT Freshman Graduate) Smithsonian Magazine's 2013 American Ingenuity Award Recipient Mission Chesterfield County Public Schools supports options and opportunities to 14 meet the diverse needs and interests of individual students.
An investment in our youth is our most important investment Chesterfield County Public Schools Class of 2025 Photos of current CCPS scholarship winners 15
Looking Forward (The Next 5 Years) Projected Operating Budget Required to Revitalize Schools Anticipated Revenue FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 567,935,100 598,560,100 620,339,600 644,183,600 660,572,100 Support for College Career Readiness PTR Reduction Competitive Salaries Transportation Required expenditure increases 10,200,000 15,990,500 8,200,000 15,804,300 10,700,000 Support for College and Career Readiness 220,000 220,000 220,000 220,000 220,000 Reduce E.S. PTR to23/1 5,750,000 - - - - Reduce middle and high school PTR to 24/1-5,004,700 4,345,000 - - Remediation and enrichment support 500,000 500,000 500,000 500,000 500,000 Competitive salaries 4,640,000 4,640,000 4,640,000 4,640,000 4,640,000 Professional development 335,000 335,000 335,000 335,000 335,000 Refresh bus fleet 3,200,000 - - - - Total 564,309,400 585,154,400 611,844,600 630,084,600 651,583,900 667,978,900 Additional revenue to meet the standard (17,219,298) (13,284,544) (9,744,954) (7,400,272) (7,406,848) 16