Budget - A systematic plan for the expenditure of a usually fixed
resource, such as money, during a given period. The tota...
General Fund $ 60,847,180 58.60%
Debt Service Funds – Exempt / Non-Exempt $ 19,325,164 18.61%
Capital Projects Fund $ 8,81...
STATE SUPPORTED FUND
General Fund
Required By I.C. 20-40-2
(Accounting for all receipts and disbursements for current
oper...
General Fund - Sources of Revenue
State Funding Formula – Based on Student Enrollment
Kindergarten Grant – Based on Studen...
Source of Revenue 2014 Estimate Percentage
State Funding Formula $ 55,236,256 98.700%
Summer School Reimbursement $ 225,00...
2013 2014 Inc./Dec. %
1. Tuition Support $45,007,369 $47,976,424
2. Academic Honors 196,200 218,000
3. Special Education 4...
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 18...
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%
Gene...
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 $...
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 ...
Fund
Advertised Tax
Levy
Circuit Breaker
Loss - (2013)
Debt Service Fund $ 16,057,297 $ 2,232,548
Capital Projects Fund $ ...
Budget
Year
Levy
Circuit
Breaker
Net
Levy
Circuit
Breaker %
2010 $ 26,408,447 $ 3,046,504 $ 23,361,943 11.5%
2011 $ 26,571...
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...
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 ...
Capital Projects - Funding Concerns
Funding Technology:
Student Population Increasing - 11.92% in 5 Years
One–To–One Imple...
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
9,00...
Technology – Equipment & Ser. $ 3,226,000 36.6%
Land Acquisition & Prof. Services $ 750,000 8.5%
Utilities & Property Insu...
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 ...
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
Transpo...
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
C...
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 P...
2014 budget power point 1.final
2014 budget power point 1.final
2014 budget power point 1.final
2014 budget power point 1.final
2014 budget power point 1.final
2014 budget power point 1.final
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2014 budget power point 1.final

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2014 budget power point 1.final

  1. 1. 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.
  2. 2. 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%
  3. 3. 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.)
  4. 4. 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
  5. 5. 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%
  6. 6. 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%
  7. 7. 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%
  8. 8. 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
  9. 9. 6,863 9,355 0 2000 4000 6000 8000 10000 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
  10. 10. Academic Achievement, 81% Std Inst Support, 7% Overhead, 12% Non- Operational, 0% General Fund Budget $60,847,180
  11. 11. 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
  12. 12. Impacting 2014 Tax Supported Funds Net Assessed Valuations – Real & Personal Property Circuit Breaker Loss – Tax Caps
  13. 13. 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%)
  14. 14. 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
  15. 15. 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
  16. 16. 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%
  17. 17. 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%
  18. 18. 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.
  19. 19. 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
  20. 20. 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
  21. 21. 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%
  22. 22. 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%
  23. 23. Bus Replacement Fund Replacement Budget $1,530,000
  24. 24. $- $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
  25. 25. Academic Achievement 75.90% Std Inst Support 9.28% Overhead 14.82%
  26. 26. Transportation Operational Cost $ 825,350 62.3% Capital Expenditures $ 500,000 37.7% Totals $ 1,325,350 100.0%
  27. 27. 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
  28. 28. 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
  29. 29. Additional Consideration For 2014 Tax Anticipation Warrants
  30. 30. Budget Adoption Meeting October 29, 2013
  31. 31. 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

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