Proposed 2016-2017 Budget August 18, 2016
2016-2017 BUDGET HIGHLIGHTS
– An increase in enrollment is projected by 152 students. – Projected enrollment for 2016-2017 is 5,812 students. – Tax Rate will remain the same at $1.3689 • For Maintenance & Operation - $1.17 • For Interest & Sinking - $.1989
– Employee Benefits: • Increased district’s share of TRS Active Care (Health Insurance) from $200 to $266 per month. • Added Employee Assistance Program (EAP) to employee benefits.
2016-2017 BUDGET EXPENDITURE HIGHLIGHTS – Utilities Cost: • • • •
Electricity Trash Collection Telephone Services Water/Sewage -
$1,200,000 $ 73,000 $ 250,000 $ 140,000
– Fleet: • Maintenance Truck• One Police Vehicle -
$ $
50,000 32,500
– Insurance Cost: • Property and Casualty • Auto Insurance • Errors & Omissions -
$195,000 (includes a 15% increase) $ 42,559 $ 40,876
2016-2017 BUDGET EXPENDITURE HIGHLIGHTS – Annual Base Salaries: • • • • • • •
Administration Teachers, Nurses, Librarians, & Counselors Paraprofessionals/Admin Support – Maintenance – Transportation Other Support Personnel Total annual base salaries
$ 6,034,995 $22,020,735 $ 3,340,503 $ 1,635,701 $ 894,050 $ 352,627 $33,925,984
2016-2017 BUDGET REVENUES - Projections Revenue Projections
TAXES, CURRENT YEAR LEVY TAXES, PRIOR YEARS PENALTIES & INT, OTHER TAX REV EARNINGS FM DEPOSITS & INVEST. EARNINGS FM DEPOSITS & INVEST. TIF/TIRZ REVENUES MISCELLANEOUS REVENUE CROSSING GUARD REVENUE LOCAL REVENUE ATHLETIC GATE RECEIPTS PER CAPITA APPORTIONMENT FOUNDATION SCHOOL FUND ON BEHALF TRS PAYMENTS MEDICAID REVENUE SHARS REVENUE FEDERAL REVENUE/ROTC
2015-2016 $ 16,636,665.00 $ 400,000.00 $ 200,000.00 $ 5,000.00 $ 75,000.00 $ 400,000.00 $ 85,000.00 $ 12,000.00 $ 1,500.00 $ 60,000.00 $ 857,601.00 $ 29,371,132.00 $ 2,200,000.00 $ 20,000.00 $ 1,120,000.00 $ 68,000.00 $ 51,511,898.00
2016-2017 $ 15,913,262.00 $ 400,000.00 $ 200,000.00 $ 5,000.00 $ 75,000.00 $ 450,000.00 $ 85,000.00 $ 12,000.00 $ 1,500.00 $ 80,000.00 $ 1,315,223.00 $ 28,248,215.00 $ 2,500,000.00 $ 20,000.00 $ 1,120,000.00 $ 68,000.00 $ 50,493,200.00
Increase (Decrease) $ (723,403.00) $ $ $ $ $ 50,000.00 $ $ $ $ 20,000.00 $ 457,622.00 $ (1,122,917.00) $ 300,000.00 $ $ $ $ (1,018,698.00)
2016-2017 BUDGET Expenditures- Projections by Category Expenditures Projections
Payroll Cost - 61XX Contracted Services - 62xx Supplies and Materials - 63xx Misc. Operating Expenses - 64xx Capital Outlay - 66xx Total Expenditures Other Resources (Uses) Total Projected Expenditures
2015-2016 $ 41,874,543 $ 4,578,685 $ 3,393,669 $ 2,951,734 $ 1,893,267 $ 54,691,898 $ (3,180,000.00) $ 51,511,898.00
2016-2017 $ 41,004,351 $ 4,132,644 $ 2,315,500 $ 2,958,205 $ 82,500 $ 50,493,200 $ $ 50,493,200.00
Increase (Decrease) $ (870,192) $ (446,041) $ (1,078,169) $ 6,471 $ (1,810,767) $ (4,198,698) $ 3,180,000 $ (1,018,698.00)
2016-2017 BUDGET Expenditures- Projections by Function Contracted Services
Payroll
Supplies & Materials
Misc. Oper. Expenditures
Capital Outlay
Totals
11 $ 25,910,466
$
355,754.00
$ 815,969.00
$
293,237.00
$
-
$ 27,375,426
12 $
436,568
$
10,421.00
$ 126,159.00
$
5,181.00
$
-
$
578,329
13 $
788,967
$
31,300.00
$
4,000.00
$
71,925.00
$
-
$
896,192
21 $
1,362,080
$
40,700.00
$ 123,365.00
$
22,500.00
$
-
$
1,548,645
23 $
2,835,581
$
39,590.00
$
41,070.00
$
29,900.00
$
-
$
2,946,141
31 $
990,392
$
9,640.00
$
32,500.00
$
11,810.00
$
-
$
1,044,342
32 $
547,792
$
$
-
$
547,792
33 $
496,486
$
1,245.00
34 $
1,323,438
$
36 $
622,453
41 $
$
14,200.00
$
1,100.00
$
-
$
513,031
118,500.00
$ 374,000.00
$
56,200.00
$
-
$
1,872,138
$
94,170.00
$ 203,913.00
$
254,517.00
$
-
$
1,175,053
1,826,461
$
961,640.00
$
99,324.00
$
552,435.00
$
-
$
3,439,860
51 $
2,648,759
$ 1,973,400.00
$ 432,000.00
$
25,000.00
$ 50,000.00
$
5,129,159
52 $
675,407
$
16,100.00
$
32,000.00
$
11,900.00
$ 32,500.00
$
767,907
53 $
539,501
$
445,684.00
$
16,000.00
$
10,000.00
$
-
$
1,011,185
1,000.00
$
12,500.00
$
-
$
20,000
$
-
$
28,000
$
-
$
1,600,000
61 $
-
$
6,500.00
$
95 $
-
$
28,000.00
$
-
$
97 $
-
$
$
-
$ 1,600,000.00
$41,004,351
$4,132,644
$2,315,500
$2,958,205
$82,500 $ 50,493,200
Revenue Breakdown by Funding Source $1,208,000 2.39% $16,513,262 32.70% $32,063,438 63.50%
Local Tax Local Other State Federal $708,500 1.40%
Expenditures Breakdown By Category Supplies 4.59% Contracted 8.18%
Operating 5.86%
Payroll
Capital 0.16%
Contracted Supplies Operating Capital
Payroll 81.21%
Summary of 2016-2017 Budget Revenue Local Resources
$17,221,762
34.10%
State Resources
$32,063,438
63.50%
Federal Resources
$ 1,208,000
2.40%
Total Revenue
$50,493,200
100%
Expenditures Payroll
$41,004,351
81.21%
Contracted Services
$ 4,132,644
8.19%
Supplies & Materials
$ 2,315,500
4.60%
Misc. Expenditures
$ 2,958,205
5.84%
Capital Outlay
$
0.16%
Total Expenditures
82,500 $50,493,200
100%
Fund Balance
Proposed Tax Rate M & O Tax Rate
$1.17000
Interest and Sinking Tax Rate
$0.19899
Total Tax Rate
$1.36899
Assessed Property Values and Tax Levy: 2013 $ 694,009,157 $ 7,506,146 2014 $ 808,312,304 $ 8,550,928 2015 $1,192,618,912 $16,325,760 2016 $1,517,012,657 $20,766,386 2017 $1,395,911,562 $19,108,633
DEBT SERVICE BUDGET Revenue: Local State Total Expenditures: Principal Interest Other Related Total Other Resources (Uses) Fund Balance
$ $ $
2,821,938 942,865 3,764,803
$ $ $ $
(2,405,000) (1,734,838) (100,000) (4,239,838)
$
475,035
Projected Surplus (Deficit) $
-
CHILD NUTRITION PROGRAM BUDGET Revenue: Local State Federal Total Expenditures: Payroll Contracted Services Supplies & materials Misc. Oper. Expenses Total Projected Surplus (Deficit)
$ $ $ $
470,250 120,586 2,835,644 3,426,480
$ $ $ $ $ $
1,484,000 100,620 1,820,360 21,500 3,426,480 -
