May 20, 2013
» Revenue˃ House state aid funding version˃ Taxable value growth rate of 5.8%» Budget process work-in-progress untillegisl...
» Projected enrollmentrate slower thandemographic study» ADA (average dailyattendance) drivesstate aid funding» 2012-13 AD...
» 2012-2013enrollment exceedsprior year beginning inFeb» Attendance for lastmonths of currentyear better thanexpected» If ...
» Taxable valueanticipated growthrate of 5.8%» Based on WCADpreliminary valuesreceived in April 2013$4.7420$5.3965$5.4272$...
» No change in tax rate˃ M&O - $1.080˃ Debt - $0.318˃ Total - $1.398» Budgeted tax levies˃ M&O - $61,643,251˃ Debt - $18,1...
» Salary & benefits (net)» JJAEP» Library books/resources» Campus per pupilallotments» Drug testing» Utilities» $1,181,458...
In Thousands2012-13Revised2013-14ProposedInc(Dec)% Inc(Dec)Local $61,738 $64,405 $2,667 4.3%State 18,291 15,536 (2,755) (1...
» 85% spent on salariesand benefits» Utilities, JJAEP,appraisal cost andrecapture make up2/3 of contractedservices6100 Pay...
» Instructional servicesincludes teachers, aidesand librarians» Instructional leadership –campus and central officestaff c...
» Inverse relationshipbetween propertytaxes and state aid» Local taxes˃ 2007/08 - 68%˃ 2013/14 - 84%0.0%10.0%20.0%30.0%40....
» Property taxes andstate aid combinedhave trendeddownward on perstudent basis» Slight revenue uptickin 2012-13 with TRE» ...
In Thousands2012-13Revised2013-14ProposedInc(Dec)% Inc(Dec)LocalRev/OtherSources $102,303 $18,301 ($84,002) (82%)Less:Expe...
» Board approved debt management plan˃ Blend of debt types based on market˃ Early debt retirement to save interest˃ Total ...
» Ample capacity forfuture bond saleswithout tax increase» Sufficient fundsavailable to makeAugust payment ofover $5.0 mil...
» 93% of principal andinterest repaid in 20years» Two to one margin forprincipal and interest28%53%75%93%0% 20% 40% 60% 80...
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2013-2014 Budget Update Presentation

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Georgetown ISD Budget Update Presentation.

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2013-2014 Budget Update Presentation

  1. 1. May 20, 2013
  2. 2. » Revenue˃ House state aid funding version˃ Taxable value growth rate of 5.8%» Budget process work-in-progress untillegislation finalized» Current projection of General Funddeficit -- $608,000
  3. 3. » Projected enrollmentrate slower thandemographic study» ADA (average dailyattendance) drivesstate aid funding» 2012-13 ADA est. –9,730» 2013-2014 ADA est. –9,7599,0009,50010,00010,50011,00011,50012,000Deskmap (Conservative) Deskmap (Moderate)Projected Enrollment Projected ADA
  4. 4. » 2012-2013enrollment exceedsprior year beginning inFeb» Attendance for lastmonths of currentyear better thanexpected» If trend continues,revenue for 2013-2014 will be betterthan projected9,4009,6009,80010,00010,20010,40010,600Aug Sep Oct Nov Dec Jan Feb Mar Apr May2011/12 Enroll 2011/12 ADA2012/13 Enroll 2012/13 ADA
  5. 5. » Taxable valueanticipated growthrate of 5.8%» Based on WCADpreliminary valuesreceived in April 2013$4.7420$5.3965$5.4272$5.4831$5.6739$5.8765$6.2154$6.4654$6.6154$6.7654$6.9154$4.00$4.50$5.00$5.50$6.00$6.50$7.00$7.50BillionsNet Taxable Value (before freeze)
  6. 6. » No change in tax rate˃ M&O - $1.080˃ Debt - $0.318˃ Total - $1.398» Budgeted tax levies˃ M&O - $61,643,251˃ Debt - $18,150,513˃ Total $79,793,764$1.040$1.040$1.040$1.040$1.040$1.080$1.080$0.250$0.250$0.250$0.250$0.318$0.318$0.318$-$0.200$0.400$0.600$0.800$1.000$1.200$1.400$1.6002007/08 2008/09 2009/10 2010/11 2011/12 2012/13 2013/14Local Maintenance Debt Service
  7. 7. » Salary & benefits (net)» JJAEP» Library books/resources» Campus per pupilallotments» Drug testing» Utilities» $1,181,458» 50,000» 50,000» 140,000» 50,000» (341,000)
  8. 8. In Thousands2012-13Revised2013-14ProposedInc(Dec)% Inc(Dec)Local $61,738 $64,405 $2,667 4.3%State 18,291 15,536 (2,755) (15.1%)Fed/Other 935 809 (92) (10.2%)Total 80,964 80,750 (214) (-0.3%)Less:Expenditures 80,046 81,358 1,312 1.6%Net Rev Over(under) Exp 918 (608) (1,526)Begin. FundBalance 11,306 12,224 918Ending FundBalance $12,224 $11,616 ($608) (5.0%)
  9. 9. » 85% spent on salariesand benefits» Utilities, JJAEP,appraisal cost andrecapture make up2/3 of contractedservices6100 PayrollCosts, 84.8%6200ContractedServ, 9.1%6300Supplies/Materials, 3.8%6400 OtherOperating, 1.9%6500 DebtService, 0.0%6600 CapitalOutlay, 0.4%
  10. 10. » Instructional servicesincludes teachers, aidesand librarians» Instructional leadership –campus and central officestaff costs» Operations – custodians,security, utilities,maintenance, andtechnology» Student services –counseling, healthservices, transportation,and extra-curricularInstr RelatedServ58.3%InstrLeadership8.9%Student Serv12.1%General Adm3.0%Operations14.6%CommunityServ1.6%Other1.6%
  11. 11. » Inverse relationshipbetween propertytaxes and state aid» Local taxes˃ 2007/08 - 68%˃ 2013/14 - 84%0.0%10.0%20.0%30.0%40.0%50.0%60.0%70.0%80.0%90.0%2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14Taxes State Aid
  12. 12. » Property taxes andstate aid combinedhave trendeddownward on perstudent basis» Slight revenue uptickin 2012-13 with TRE» Property wealthydistricts will feel therevenue squeezemore than lowerwealth districts$5,000$5,500$6,000$6,500$7,000$7,5002007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14State Aid and Local Taxes per Student
  13. 13. In Thousands2012-13Revised2013-14ProposedInc(Dec)% Inc(Dec)LocalRev/OtherSources $102,303 $18,301 ($84,002) (82%)Less:Expend/OtherUses 101,112 16,255 (84,857) (84%)Net Rev Over(under) Exp 1,191 2,046 855 72%Begin. FundBalance 7,526 8,718 1,191Ending FundBalance 8,718 10,764 2,046 23%
  14. 14. » Board approved debt management plan˃ Blend of debt types based on market˃ Early debt retirement to save interest˃ Total length of bonds under 23 years» Debt Portfolio˃ Principal 66%˃ Interest 34%
  15. 15. » Ample capacity forfuture bond saleswithout tax increase» Sufficient fundsavailable to makeAugust payment ofover $5.0 million» With property valuegrowth, anticipateearly retirement ofportion of principalPrincipalInterest-2,000,0004,000,0006,000,0008,000,00010,000,00012,000,00014,000,00016,000,00018,000,0002014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035As of June 30
  16. 16. » 93% of principal andinterest repaid in 20years» Two to one margin forprincipal and interest28%53%75%93%0% 20% 40% 60% 80% 100%Five YearsTen YearsFifteen YearsTwenty Years

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