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2014 budget power point 1.final
 

2014 budget power point 1.final

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    2014 budget power point 1.final 2014 budget power point 1.final Presentation Transcript

    • Budget - A systematic plan for the expenditure of a usually fixed resource, such as money, during a given period. The total sum of money allocated for a particular purpose.
    • General Fund $ 60,847,180 58.60% Debt Service Funds – Exempt / Non-Exempt $ 19,325,164 18.61% Capital Projects Fund $ 8,815,118 8.49% Referendum Operating Fund $ 6,786,068 6.54% Transportation Operating Fund $ 5,200,480 5.01% Bus Replacement Fund $ 1,530,000 1.47% Rainy Day Fund $ 1,325,350 1.28% Total $ 103,829,360 100.00%
    • STATE SUPPORTED FUND General Fund Required By I.C. 20-40-2 (Accounting for all receipts and disbursements for current operating purposes excluding student transportation.)
    • General Fund - Sources of Revenue State Funding Formula – Based on Student Enrollment Kindergarten Grant – Based on Student Enrollment Summer School Funding - Reimbursement Investment Earnings – Interest Income Facility - Rental Income
    • Source of Revenue 2014 Estimate Percentage State Funding Formula $ 55,236,256 98.700% Summer School Reimbursement $ 225,000 0.4020% Investment Income $ 30,000 0.0536% Facility Rental $ 75,000 0.1340% Student Fees & Miscellaneous $ 400,022 0.7148% Totals $ 55,966,278 100.00%
    • 2013 2014 Inc./Dec. % 1. Tuition Support $45,007,369 $47,976,424 2. Academic Honors 196,200 218,000 3. Special Education 4,811,738 4,811,738 4. Voc. Education 325,550 325,550 5. Full Day Kindergarten 1,920,000 1,904,544 6. Prime Time 1,365,056 0 Net State Support $53,625,913 $55,236,256 $1,610,343 3.00%
    • 2013 – 2014 Actual 9,354.5 185 2012 – 2013 Actual 9,170.0 162 2011 – 2012 Actual 9,008.0 206 2010 – 2011 Actual 8,802.0 188 2009 – 2010 Actual 8,613.5 255 2008 – 2009 Actual 8,358.5 186 2007 – 2008 Actual 8,172.0 244 2006 – 2007 Actual 7,928.0 485 2.05% 1.84% 2.39% 2.19% 3.05% 2.28% 3.08% 6.52%
    • 8358.5 8613.5 8802 9008 9170 9354.5 7800 8000 8200 8400 8600 8800 9000 9200 9400 9600 2008 2009 2010 2011 2012 2013
    • 6,863 9,355 0 2000 4000 6000 8000 10000 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
    • Academic Achievement, 81% Std Inst Support, 7% Overhead, 12% Non- Operational, 0% General Fund Budget $60,847,180
    • 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% Salaries Benefits Purch Serv Supplies Other 68.5% 22.5% 4.5% 4.2% 0.3% General Fund Budget $60,847,180
    • Impacting 2014 Tax Supported Funds Net Assessed Valuations – Real & Personal Property Circuit Breaker Loss – Tax Caps
    • Budget Year Net Assessed Valuation Percentage Increase 2014 – Est. $ 2,470,062,500 1.00% 2013 $ 2,445,606,389 0.18% 2012 $ 2,441,132,994 1.89% 2011 $ 2,395,761,297 1.36% 2010 $ 2,363,595,005 1.03% 2009 $ 2,339,534,508 (19.39%)
    • 1.3% 1.36% 1.89% 0.18% 1.0% 2,250,000,000 2,300,000,000 2,350,000,000 2,400,000,000 2,450,000,000 2,500,000,000 2009 2010 2011 2012 2013 2014
    • Fund Advertised Tax Levy Circuit Breaker Loss - (2013) Debt Service Fund $ 16,057,297 $ 2,232,548 Capital Projects Fund $ 7,838,522 $ 1,089,840 Transp. Operating Fund $ 4,634,628 $ 644,382 Bus Replacement Fund $ 1,191,708 $ 165,690 Referendum Operating Fund $ 6,303,917 Not Applicable Referendum Capital Debt Fund $ 5,185,163 Not Applicable Totals $ 41,211,235 $ 4,132,460
    • Budget Year Levy Circuit Breaker Net Levy Circuit Breaker % 2010 $ 26,408,447 $ 3,046,504 $ 23,361,943 11.5% 2011 $ 26,571,388 $ 3,260,916 $ 23,310,472 12.3% 2012 $ 26,166,505 $ 3,663,360 $ 22,503,145 14.0% 2013 $ 27,603,560 $ 4,132,460 $ 23,471,100 15.0% Totals $ 106,749,900 $ 14,103,240 $ 92,646,660 13.2%
    • 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% NHS Ref Cap WMS NC WR MS-GO EMS NE Temp Ln Txt BK 31.8% 23.1% 21.2% 7.5% 6.2% 4.5% 3.3% 1.8% 0.5% 0.1%
    • 17.6 19.7 19.9 18.6 11.7 11.1 11.8 12.1 6.9 4.2 - 5,000,000 10,000,000 15,000,000 20,000,000 25,000,000 High School North Elm West M.S. Noble Crossing White River Elm East M.S.
    • Capital Projects - Funding Concerns Funding Technology: Student Population Increasing - 11.92% in 5 Years One–To–One Implementation Maintaining Facilities: Additional 200,000 Square Feet in Past 3 Years – 10% Increase Revenue Shortfall: Revenue Flat Lined Over Past 5 Years
    • 6.0 6.8 7.1 8.7 6.1 6.3 5.9 5.4 5.9 - 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 7,000,000 8,000,000 9,000,000 10,000,000 2005 2006 2007 2008 2009 2010 2011 2012 2013
    • Technology – Equipment & Ser. $ 3,226,000 36.6% Land Acquisition & Prof. Services $ 750,000 8.5% Utilities & Property Insurance $ 1,342,193 15.2% Maintenance of Facilities / Rental $ 1,039,750 11.8% Maintenance of Equip. $ 807,300 9.2% Purchase of Equip. $ 695,000 7.9% Installment Contracts $ 304,875 3.6% Sports Facilities / Other $ 650,000 7.3%
    • Admin. 7.3% Vehicle Oper. 56.5% Monitoring Ser. 9.2% Training 0.5%Vehicle Maint. 25.4%Insur. 1.7% Contract Ser,0.2%
    • Bus Replacement Fund Replacement Budget $1,530,000
    • $- $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 $1,530,000 $1,501,200 $147,300 $2,654,400 $2,152,600 $1,600,000 $1,572,000 $730,800 $1,183,600 $1,479,000 $1,166,000 $1,004,000
    • Academic Achievement 75.90% Std Inst Support 9.28% Overhead 14.82%
    • Transportation Operational Cost $ 825,350 62.3% Capital Expenditures $ 500,000 37.7% Totals $ 1,325,350 100.0%
    • Non-Exempt Debt $ 2,470,062,453 $ 16,057,297 $ 16,057,297 Capital Projects $ 2,470,062,453 $ 7,838,522 $ 7,266,265 Transportation Oper. $ 2,470,062,453 $ 4,634,628 $ 4,365,706 Bus Replacement $ 2,470,062,453 $ 1,191,708 $ 991,131 Referendum Oper. $ 2,711,562,453 $ 6,303,917 $ 5,814,265 Exempt Debt $ 2,711,562,453 $ 5,185,163 $ 5,185,163 Totals $ 41,211,235 $ 39,679,830
    • Total Tax Levy $ 36,456,491 $ 41,211,235 $ 39,679,830 Assessed Valuation $ 2,445,606,389 $ 2,470,062,453 $ 2,484,192,919 Change In A.V. 1.00% 1.578% Tax Rate $ 1.4584 $ 1.6269 $ 1.5546 Projected A.V. Increase of 1.578% $ 2,484,192,919 Additional TIF A.V. $ 264,868,467
    • Additional Consideration For 2014 Tax Anticipation Warrants
    • Budget Adoption Meeting October 29, 2013
    • SUMMARY COMMENTS Student Enrollment Consistent Growth Averaging 2.4% Over 5 Years Property Tax Assessed Valuation Modest Positive Growth Averaging 1.2% Over 5 Years Increasing Operational Cost Student Growth Exceeding Assessed Valuation Growth Circuit Breaker / Tax Caps Flat Lining Local Property Tax Revenue