FY 21 Final Budget

Presented by:Mark Mathers, Chief Financial Officer

Mike Schroeder, Budget DirectorMay 26, 2020

Attachment A

2

1. General Fund Budget Update

2. Uncertainties for FY21 Budget

3. General Fund Summaries

4. Other Funds

Agenda

3

FY21 General Fund

Budget Update

4

• Revenueso Adjust Local School Support Tax to match Department of Taxation’s

Revenue Projections and Offset to Distribution School Accounto Medium Term Financing for Print Shop Copierso Per Pupil Increase of $28 for Property Tax Adjustmento 10% Reduction to Government Services Tax Revenues

• Expenditureso Printing Equipment Costso Debt Service Cost for Printing Equipmento Department Budget Redistributionso Shift Building Repair Costs to Capital Fund

• ONGOING BUDGET UNCERTAINTIES TBD

Cost Neutral Changes For Final Budget

5

Tentative to Final Budget Revisions FY21

• Net Neutral Changes

• State confirmed Per Pupil Funding

• COVID-19 Impact to GST Revenue

• Shift repair cost• STRUCTURALY

BALANCED BUDGET!

• But… ongoing budget uncertainties

FY21 Final Budget ChangesLocal School Support Tax - Adjust to Dept Taxation $1,076,390 DSA Apportionment (LSST offset) ($1,076,390)Department Budget Redistributions $222,700 Department Budget Redistributions ($222,700)Medium Term Financing Printing Equipment $250,000 Print Shop Copiers ($250,000)Debt Service Fund Transfer - Printing Equipment $10,000 Print Shop Expenditures ($10,000)DSA Apportionment ($28 per pupil increase) $1,779,551 Government Services Tax Revenue (10% reduction) ($2,238,155)Building Repair Costs shift to Capital Fund $458,604

Net Changes $0

6

Summary of General Fund Sources and UsesFinal Budget Adjusted Budget Final Budget

FY20 FY20 FY21Revenues and Other Sources

Opening Fund Balance 36,280,047$ 41,715,928$ 38,707,976$

Revenues Inside Nevada Plan 381,542,476 381,388,882 385,320,406 Outside Nevada Plan: Property Tax (2/3) 77,980,570 77,980,570 83,286,429 Government Services Tax 21,315,759 21,315,759 20,143,392 Federal/Other Sources: 7,461,000 8,061,000 13,876,000

Total Revenues 488,299,805 488,746,211 502,626,227

Expenditures and Othe Uses Total Expenditures 442,086,499 445,367,415 451,515,810 Transfers Out 45,284,749 45,355,506 49,705,407 Contingency 928,557 1,031,242 1,405,010

Total Expenditures 488,299,805 491,754,163 502,626,227

Surplus/(Deficit) 0 (3,007,952) 0

Ending Fund Balance 36,280,047$ 38,707,976$ 38,707,976$

Fund Balance % of Uses 7.43% 7.87% 7.70%

* Deficit for FY20 Adjusted Budget is due to encumbrances and carrover from FY19.

7

General Fund – Ending Fund Balance

$61,206,550

$53,291,732

$43,304,157$40,882,706 $41,715,928

$38,707,976 $38,707,97614.3%

12.1%

9.8%8.8% 9.0%

7.9% 7.7%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

16.0%

-

10,000,000

20,000,000

30,000,000

40,000,000

50,000,000

60,000,000

70,000,000

2015 2016 2017 2018 2019 2020 (est.) 2021 (budg)

WCSD Ending Fund Balance for General Fund

Actual EFB %

8

Uncertainties for FY21 Budget

• Incline Village Property Tax Lawsuit• Enrollment Unknowns• COVID-19 Actual and Estimated

Fiscal Impacts

9

• Board of County Commissioners voted to appeal court decision, but have since been in settlement talks with plaintiff’s attorney.

• District has not been part of those settlement discussions, so we do not know the specific business points being discussed.

• Judge’s order is to issue refunds within a year (eff. October 2019)

Incline Village Property Tax Lawsuit

WCSD's Share of Liability 19,000,000$

1/3 of Operating - State's share 4,172,156$ 2/3 of Operating - District's share 8,344,313$ Debt 6,483,531$

Total 19,000,000$

10

• Possible Enrollment Growth from new development• Possible shifts in enrollment to virtual schools including North

Star due to COVID-19• Pinecrest Academy Enrollment Impact – assume 650 students

FY21 DSA Per-Pupil Amount $6,084Other Outside Revenue $1,509Total per Student $7,593

Total Revenue Impact $4,935,450

Less Direct Teacher Allocation Reductions (1,977,333)Total Estimated Net Impact $2,958,117

Enrollment Unknowns

11

• State Budgeto State has approved access to $400 million Rainy Day Fundo Modeling of State revenues by Applied Analysis shows a range of

revenue shortfalls of $1-2 billiono State received $117 million CARES Act Elementary and Secondary

Emergency Relief Fund (ESSER), Washoe County portion is $9.9 milliono State received $800+ million in CARES Act, Title V monies for COVID-

19 Impacts, but must spend by 12/30/20. Unknown impact for WCSDo State received $26.5 million of CARES Act Governor’s Emergency

Education Relief Fund (GEER) for K-12 and higher education. Funds are administered by the Governor and impact for WCSD is unknown.

o A stimulus act for states and local governments is currently being debated by Congress

COVID-19 Anticipated FY21 Budget Impacts

12

• Impacts to K-12 Fundingo Property taxes - abatement and new development help absorb any impacto Investment Earnings – Fed Funds rate is now 0%, versus 2.50% at beginning of FY20o Gov’t. Services Tax (GST) –10% decrease for months in which non-essential businesses

are closed has been included in Final Budget. o We anticipate per-pupil and grant reductions in FY21 from the State, but the State has

not provided specifics at this time.

• Distance Education Costso In process of ordering SmartBus Wifi and hot-spot Wifi units.o Devices – combination of repurposing of existing devices, donations, BYOD, and

purchases of new devices

• Re-openings of Buildings and New School Yearo Personal Protective Equipment (PPE), signage, screens, layout reconfigurationso Other costs TBD

COVID-19 Anticipated FY21 Budget Impacts

13

Financial Contingency PlanIssue Strategy Timing

Incline Village Tax Lawsuit • One-time event• Possibly cover from fund balance

Expectation is that County will make a

decision by June

Enrollment Impacts • Will require deep dive into data• Shifts to charter schools will require

October

1% COLA to Teachers • Contingent on a FY20 surplus of at least $2.9M

• Cover from fund balance

October

COVID-19 Cost Impacts • PPE - Cover from savings elsewhere in the budget

• Device purchases – other funds, CARES Act, savings

Spring-Summer

Recession Impacts/ Reductions to Per-Pupil Funding

• Implemented vacancy freeze, review of major operating costs, suspension of certain costs (see slides #14-15)

• Will require “one-time” reductions

Future actions may be dependent on

special session

14

• Vacancy Freezeo Exceptions include school administration/teacher allocations/SpEd aides and

assistants, maintenance personnel

• Non-Personnel Expenditure Review by FRCo New initiatives (e.g., Telehealth)o Professional Services Contracts > $25,000o New Software Contracts > $25,000 o Renewal of Software Contracts o New equipment purchases o New Vehicles (first reviewed by White Fleet Task Force)

What is WCSD Doing to Prepare?

15

• Other Actions for FY21o Suspend carry-over funding for encumbrances – departments will have to

fund carry over encumbrances from FY21 appropriationso Suspend carry-over funding for schoolso Suspend (or perhaps centralize) travel but allow online trainingo Auto Allowances – freeze during Distance Education period o Shift all building repair costs to GST Fund or other capital fundso Examine ways to reduce property/liability insurance o Suspend furniture purchases o Suspend rental of rooms

• Continue to update Board regarding updated information.• Prepare to File Amended Final Budget if Legislative Special Session

What is WCSD Doing to Prepare?

16

General Fund Summary Information

17

FY 20-21 General Fund Revenues ($502.6 Million)

State Distributive School Account

(DSA), $114,468,583 ,

22.77%State Special Appropriation,

$5,319,408 , 1.06%

Ad Valorem (Property) Tax, $124,929,643 ,

24.86%

Local School Support (Sales) Tax,

$223,889,201 , 44.54%

Government Services Tax

(Vehicle Registration), $20,143,392 ,

4.01%Other Local

Sources, $6,891,000 , 1.37%

Other Revenue, $6,985,000 , 1.39%

18

FY 20-21 DSA Per Pupil Funding ($6,112)

SourcePer Pupil Funding

1/3 Ad Valorem 670$ L.S.S.T. 3,601 D.S.A. 1,841

Total DSA Per Pupil 6,112$ Special Appropriation 84 Other 1,713

Total per Pupil 7,908$

State Distributive School Account

(DSA), $114,468,583 , 22.77%

1/3 Ad Valorem (Property) Tax,

$41,643,214 , 8.29%

Local School Support (Sales) Tax, $223,889,201 , 44.54%

Other Revenue, $117,305,822 ,

23.34%

Special Appropriation,

$5,319,408 , 1.06%

Sheet1

SourcePer Pupil Funding

1/3 Ad Valorem$ 670

L.S.S.T.3,601

D.S.A.1,841

Total DSA Per Pupil$ 6,112

Special Appropriation84

Other 1,713

Total per Pupil$ 7,908

19

62,32462,220

62,424

62,98663,108

63,670

63,919 63,914 63,876

64,158 64,158

61,000

61,500

62,000

62,500

63,000

63,500

64,000

64,500

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

Enrollment History

Ten Year History and 2021 Preliminary Projection

20

FY 20-21 General Fund Expenditures ($502.6 Million)

Regular Instruction, 230,770,112 , 45.91%

Special Programs, 4,717,871 , 0.94%

Vocational Programs, 6,105,908 , 1.21%

Other Programs, 13,385,793 , 2.66%Co-curricular Programs,

4,627,379 , 0.92%Student Support,

35,396,140 , 7.04%

Instructional Staff Support, 15,752,123 ,

3.13%

General Administration, 6,164,199 , 1.23%

School Administration, 38,140,152 , 7.59%

Central Support , 27,282,321 , 5.43%

Operation and Maintenance, 52,625,607

, 10.47%

Student Transportation, 16,548,204 , 3.29%

Transfers & Contingency, 51,110,418 , 10.17%

21

• The preceding slide reflects that 71.07% of our expenditures are going to schools in the following categories:– Regular, Special, Vocational, Other and Co-Curricular Instruction– Student Support and Instructional Staff Support– $46.5M of the $49.7M Transfers goes to Special Education.

• Student Transportation 3.06% is for buses, fuel and bus drivers/staff for students.• Operations and Maintenance 10.47% is for Utilities, Custodians, School Police for

primarily our schools.• School Administration 7.59% is for Principals, Assistant Principals and staff in the

schools. Each school requires leadership and support staff for teachers & parents.• Central Support 5.43% is for Fiscal, HR, IT, Purchasing, Printing, Risk Management,

Accountability, Internal Audit, Mail Services to again support the schools• General Administration represents 1.23% of the budget for the Board,

Superintendent, Deputy Supt, Area Supts, Chief of Staff, Legal, Ombudsman and Community Relations.

General Fund Expenditures

22

Salaries & Benefits$451,308,047

89.79%

Instructional Materials

$15,463,646 3.08%

Repairs & Maintenance

$2,579,937 0.51%

Utilities $12,719,599 2.53%

Transportation$2,560,437 0.51%

Insurance/Postage$2,978,062 0.59%

Dep't Mat'l/Other$10,959,001 2.18%

Licenses & Assessments

$4,057,498 0.81%

FY 20-21 General Fund Expenditures by Type ($502.6 Million)

23

General Fund FTE Data

LicensedNon-

Licensed Total

Instructional 2,657 65 2,722 Licensed: Teachers (Regular, GATE, Vocational, ELL, Music, ROTC, Deans) Non-Licensed: Teacher Assistants, Aides and Education Support Professionals

Student Support 232 158 390 Licensed: Counselors, Nurses, Psychologists, Administrators, Coordinators Non-Licensed: Clinical Aides, Attendance, Education Support Professionals

Instructional Staff Support 97 124 221

Curriculum & Instruction, Professional Learning, Library, Assessment DepartmentsLicensed: Instructional Coaches/Mentors, Program Coordinators, Librarians, Administrators

General Administration 7 37 44 Board Members, Legal Counsel, Investigators, Superintendent, Deputy Supt, Area Supts, Chief of Staff, Ombudsman, Community/Family Services, Govt Affairs

School Administration 160 240 400 Licensed: Principals, Assistant Principals Non-Licensed: Secretaries, Bookkeepers, Registrars

Central Services 6 182 188 Fiscal Services, Grant Services, Purchasing, Printing, Planning & Evaluation, Communications, Human Resources, Information Technology, Risk Management

Operations - 557 557

Custodians, Maintenance, Groundskeepers, Equipment Maintenance, Carpenters, Painters, Plumbers, Facilities Management, School Police, Education Support Professionals, Professional-Technical Staff

Transportation - 252 252 Bus Drivers, Fleet Maintenance, Dispatch, Instructors, ManagementGeneral Fund Totals 3,159 1,615 4,774

Sheet1

LicensedNon-LicensedTotal

Instructional2,657652,722Licensed: Teachers (Regular, GATE, Vocational, ELL, Music, ROTC, Deans) Non-Licensed: Teacher Assistants, Aides and Education Support Professionals

Student Support232158390Licensed: Counselors, Nurses, Psychologists, Administrators, Coordinators Non-Licensed: Clinical Aides, Attendance, Education Support Professionals

Instructional Staff Support97124221Curriculum & Instruction, Professional Learning, Library, Assessment DepartmentsLicensed: Instructional Coaches/Mentors, Program Coordinators, Librarians, AdministratorsNon-Licensed: Library Assistants, Secretaries, Professional-Technical Staff

General Administration73744Board Members, Legal Counsel, Investigators, Superintendent, Deputy Supt, Area Supts, Chief of Staff, Ombudsman, Community/Family Services, Govt Affairs

School Administration160240400Licensed: Principals, Assistant Principals Non-Licensed: Secretaries, Bookkeepers, Registrars

Central Services6182188Fiscal Services, Grant Services, Purchasing, Printing, Planning & Evaluation, Communications, Human Resources, Information Technology, Risk Management

Operations- 0557557Custodians, Maintenance, Groundskeepers, Equipment Maintenance, Carpenters, Painters, Plumbers, Facilities Management, School Police, Education Support Professionals, Professional-Technical Staff

Transportation- 0252252Bus Drivers, Fleet Maintenance, Dispatch, Instructors, Management

General Fund Totals3,1591,6154,774

24

Instructional, 2,722 , 57%

Student Support, 390 , 8%

Instructional Staff Support, 221 , 5%

General Administration, 44 ,

1%

School Administration, 400 ,

8%

Central Services, 188 , 4%

Operations, 557 , 12%

Transportation, 252 5%

General Fund FY 20-21 FTEs

25

LicensedNon-

Licensed Total

General Fund 3,159 1,615 4,774

Capital Projects - 52 52

Special Education 750 361 1,111

Class Size Reduction 224 - 224

Special Revenue Funds 271 549 820

Internal Service Funds - 8 8 Enterprise Funds - 252 252

FTE Totals 4,404 2,837 7,241

General and Other Funds FTE Data

Sheet1

LicensedNon-LicensedTotal

General Fund3,1591,6154,774

Capital Projects- 05252

Special Education7503611,111

Class Size Reduction224- 0224

Special Revenue Funds271549820

Internal Service Funds- 088

Enterprise Funds- 0252252

FTE Totals4,4042,8377,241

• Building & Sites Fund – Restricted for the proceeds from sales of District property and the expenditures allowable with these proceeds.

• Capital Projects (Bond) Funds – Restricted by voters to fund capital projects such as the construction of new schools and the revitalization of older schools.

• Special Education Fund – Restricted for the educational services provided to children with special needs.• Class Size Reduction Fund – Restricted to achieve lower class-size ratios in kindergarten, first, second, and

third grades. • Special Revenue Funds - Restricted to the specific purpose of the grantor or donor for purposes such as

Title I, II and III, Special Education, Class Size Reduction, Full Day Kindergarten, Education Alliance, Community Education, Gifts and Donations and Wellness.

• Debt Service Funds – Restricted by law for the repayment of school district debt such as bonds and leases.• Internal Service Funds - Restricted to the self-insurance of health, workers’ compensation and

property/casualty services of the district.• Enterprise Fund – Restricted to the food services provided to schools and funded by user charges and

federal subsidies.• Other Post Employment Benefits (OPEB) Trust Fund – Restricted to provide for health care and life

insurance costs for qualified District retirees.

Other District Funds

26

27

Building & Sites FundFY20

Amended Final FY21 Final

SourcesLocal 100,000$ 135,000$ Transfers In - - Sale of Bonds - - Opening Fund Balance 100,000 135,000

Total Sources 200,000$ 270,000$ Applications

Architecture/Engineering Services 25,000$ 15,000$ Site Improvements 25,000 20,000 Building Improvements 50,000 100,000 Ending Fund Balance 100,000 135,000

Total Applications 200,000$ 270,000$

• No major changes anticipated.

Sheet1

FY20 Amended FinalFY21 Final

Sources

Local$ 100,000$ 135,000

Transfers In- 0- 0

Sale of Bonds- 0- 0

Opening Fund Balance100,000135,000

Total Sources$ 200,000$ 270,000

Applications

Architecture/Engineering Services$ 25,000$ 15,000

Site Improvements25,00020,000

Building Improvements50,000100,000

Ending Fund Balance100,000135,000

Total Applications$ 200,000$ 270,000

28

Capital Projects FundFY20

Amended Final FY21 Final

SourcesLocal 54,259,560$ 44,502,601$ Sale of Bonds 362,300,000 133,880,000 Premium on Bonds Sold 4,092,824 - Opening Fund Balance 22,093,135 124,918,018

Total Sources 442,745,519$ 303,300,619$ Applications

Central Services 8,587,902$ 3,792,551$ Operations & Maintenance 180,000 2,715,000 Transportation 2,300,000 3,400,000 Land Acquisitions 62,000,000 - Architecture/Engineering Services 21,445,807 17,714,503 Building Acquistion/Construction 233,600,000 90,900,000 Site Improvements 2,945,000 23,489,000 Building Improvements 45,309,984 53,332,278 Transfer to Debt Service Fund 48,310,867 27,057,898 Ending Fund Balance 18,065,959 80,899,389

Total Applications 442,745,519$ 303,300,619$

• Sale of Rollover Bonds

• Three new Capital Project positions

• Funding of our share of new P25 radio system ($2.5M one-time)

• Reduction to WC-1 Sales Tax Revenue

• Shift of building repair costs from General Fund

Sheet1

FY20 Amended FinalFY21 Final

Sources

Local$ 54,259,560$ 44,502,601

Sale of Bonds362,300,000133,880,000

Premium on Bonds Sold4,092,824- 0

Opening Fund Balance22,093,135124,918,018

Total Sources$ 442,745,519$ 303,300,619

Applications

Central Services$ 8,587,902$ 3,792,551

Operations & Maintenance180,0002,715,000

Transportation2,300,0003,400,000

Land Acquisitions62,000,000- 0

Architecture/Engineering Services21,445,80717,714,503

Building Acquistion/Construction233,600,00090,900,000

Site Improvements2,945,00023,489,000

Building Improvements45,309,98453,332,278

Transfer to Debt Service Fund48,310,86727,057,898

Ending Fund Balance18,065,95980,899,389

Total Applications$ 442,745,519$ 303,300,619

29

FY20 Amended Final FY21 Final Variance

SourcesState 31,851,397$ 33,551,397$ 1,700,000$ Transfers In 45,284,749 46,531,807 1,247,058

Total Sources 77,136,146$ 80,083,204$ 2,947,058$ Applications

Instruction 48,721,819$ 52,113,610$ 3,391,792$ Student Suppport Services 15,138,921 15,790,006 651,085 Instruction Support Services 2,752,041 2,387,805 (364,235) General Administration 638,390 384,081 (254,309) School Administration 910,985 769,474 (141,511) Central Services 179,895 270,632 90,737 Operation and Maintenance 74,688 77,754 3,066 Student Transportation 8,719,408 8,289,842 (429,566)

Total Applications 77,136,146$ 80,083,204$ 2,947,058$

Special Education Fund

• Increased Funding

• Increased Cost for Staff Experience and Program Growth

Sheet1

FY20 Amended FinalFY21 FinalVariance

Sources

State$ 31,851,397$ 33,551,397$ 1,700,000

Transfers In45,284,74946,531,8071,247,058

Total Sources$ 77,136,146$ 80,083,204$ 2,947,058

Applications

Instruction$ 48,721,819$ 52,113,610$ 3,391,792

Student Suppport Services15,138,92115,790,006651,085

Instruction Support Services2,752,0412,387,805(364,235)

General Administration638,390384,081(254,309)

School Administration910,985769,474(141,511)

Central Services179,895270,63290,737

Operation and Maintenance74,68877,7543,066

Student Transportation8,719,4088,289,842(429,566)

Total Applications$ 77,136,146$ 80,083,204$ 2,947,058

30

Title 1 IDEA Grant State Grants Federal NDE 21st CenturySources

Local -$ -$ -$ -$ -$ State - - 32,520,101 - - Federal 16,368,230 10,871,977 - 2,827,115 3,483,184 Transfers In - - - - - Opening Fund Balance - - - - -

Total Sources 16,368,230$ 10,871,977$ 32,520,101$ 2,827,115$ 3,483,184$ Applications

Other Instructional Programs 16,368,230$ -$ 30,635,242$ 1,993,696$ 3,483,184$ Special Programs - 10,871,977 1,884,859 - - Vocational Programs - - - 833,419 - Adult Education Programs - - - - - Community Service Programs - - - - - Instructional Programs - - - - - Student Suppport Services - - - - - Instruction Support Services - - - - - General Administration - - - - - Central Services - - - - - Operation and Maintenance - - - - - Other Support - - - - - Ending Fund Balance - - - - -

Total Applications 16,368,230$ 10,871,977$ 32,520,101$ 2,827,115$ 3,483,184$

Special Revenue Funds (Grants page 1 of 2)

Sheet1

Title 1 IDEA Grant State GrantsFederal NDE21st Century

Sources

Local$ - 0$ - 0$ - 0$ - 0$ - 0

State- 0- 032,520,101- 0- 0

Federal16,368,23010,871,977- 02,827,1153,483,184

Transfers In- 0- 0- 0- 0- 0

Opening Fund Balance- 0- 0- 0- 0- 0

Total Sources$ 16,368,230$ 10,871,977$ 32,520,101$ 2,827,115$ 3,483,184

Applications

Other Instructional Programs$ 16,368,230$ - 0$ 30,635,242$ 1,993,696$ 3,483,184

Special Programs- 010,871,9771,884,859- 0- 0

Vocational Programs- 0- 0- 0833,419- 0

Adult Education Programs- 0- 0- 0- 0- 0

Community Service Programs- 0- 0- 0- 0- 0

Instructional Programs- 0- 0- 0- 0- 0

Student Suppport Services- 0- 0- 0- 0- 0

Instruction Support Services- 0- 0- 0- 0- 0

General Administration- 0- 0- 0- 0- 0

Central Services- 0- 0- 0- 0- 0

Operation and Maintenance- 0- 0- 0- 0- 0

Other Support- 0- 0- 0- 0- 0

Ending Fund Balance- 0- 0- 0- 0- 0

Total Applications$ 16,368,230$ 10,871,977$ 32,520,101$ 2,827,115$ 3,483,184

31

Medicaid Other Grants FY21 Final

FY20 Amended

FinalSources

Local -$ 4,880,864$ 4,880,864$ 3,582,273$ State - 10,523,659 43,043,760 31,053,893 Federal 3,350,000 6,199,156 43,099,662 46,637,971 Transfers In - - - - Opening Fund Balance 136,953 2,436,053 2,573,006 3,110,402

Total Sources 3,486,953$ 24,039,732$ 93,597,292$ 84,384,539$ Applications

Other Instructional Programs -$ 14,534,203$ 67,014,555$ 56,974,009$ Special Programs 3,436,953 70,032 16,263,821 16,861,102 Vocational Programs - 2,903,888 3,737,307 3,657,997 Adult Education Programs - 1,574,045 1,574,045 1,508,529 Community Service Programs - 735,875 735,875 732,424 Instructional Programs - 322,550 322,550 532,820 Student Suppport Services - 837,617 837,617 738,267 Instruction Support Services - 96,002 96,002 62,595 General Administration - 594,757 594,757 813,744 Central Services - 786,397 786,397 668,775 Operation and Maintenance - 23,104 23,104 25,381 Other Support - 1,816 1,816 1,798 Ending Fund Balance 50,000 1,559,446 1,609,446 1,807,098

Total Applications 3,486,953$ 24,039,732$ 93,597,292$ 84,384,539$

Special Revenue Funds (Grants page 2 of 2)

• Increase related to new State categorical grants (AB309, SB178, Read by Grade 3 and School Safety

• Potential reductions to State categorical grants TBD

Sheet1

MedicaidOther GrantsFY21 FinalFY20 Amended Final

Sources

Local$ - 0$ 4,880,864$ 4,880,864$ 3,582,273

State- 010,523,65943,043,76031,053,893

Federal3,350,0006,199,15643,099,66246,637,971

Transfers In- 0- 0- 0- 0

Opening Fund Balance136,9532,436,0532,573,0063,110,402

Total Sources$ 3,486,953$ 24,039,732$ 93,597,292$ 84,384,539

Applications

Other Instructional Programs$ - 0$ 14,534,203$ 67,014,555$ 56,974,009

Special Programs3,436,95370,03216,263,82116,861,102

Vocational Programs- 02,903,8883,737,3073,657,997

Adult Education Programs- 01,574,0451,574,0451,508,529

Community Service Programs- 0735,875735,875732,424

Instructional Programs- 0322,550322,550532,820

Student Suppport Services- 0837,617837,617738,267

Instruction Support Services- 096,00296,00262,595

General Administration- 0594,757594,757813,744

Central Services- 0786,397786,397668,775

Operation and Maintenance- 023,10423,10425,381

Other Support- 01,8161,8161,798

Ending Fund Balance50,0001,559,4461,609,4461,807,098

Total Applications$ 3,486,953$ 24,039,732$ 93,597,292$ 84,384,539

32

• Statewide Grantso FY20 Statewide reduction of $11.72 mil. (4%)o FY21 Statewide reduction of $17.43 to $40.68 mil. (6% to 14%)

• Washoe County School Districto Total categorical grants not including public safety total $37 million.o These include CTE, Victory, Zoom, Gifted & Talented, Pre-K, Social

Workers, Read by Grade 3, and SB178. o A reduction of 6% to 14% equates to $2.22 to $5.19 million

• We are modeling a 14% cut for FY21, under two scenarios:o Across-the-board reductions for every program of 14%o Flexibility on where reductions could be made

Grants Anticipated FY21 Budget Impacts TBD

33

FY20 Amended

Final FY21 FinalSources

State 18,748,043$ 19,504,035$ Other - - Transfers In - -

Total Sources 18,748,043$ 19,504,035$ Applications

Instruction 18,748,043$ 19,504,035$ Transfers to Other Funds - -

Total Applications 18,748,043$ 19,504,035$

Class Size Reduction Fund

• Increased Funding

• Increased Cost for Staff Experience

• Potential reductions TBD

Sheet1

FY20 Amended FinalFY21 Final

Sources

State$ 18,748,043$ 19,504,035

Other- 0- 0

Transfers In- 0- 0

Total Sources$ 18,748,043$ 19,504,035

Applications

Instruction$ 18,748,043$ 19,504,035

Transfers to Other Funds- 0- 0

Total Applications$ 18,748,043$ 19,504,035

34

FY20 Amended

Final FY21 Final VarianceSources

Local 61,764,490$ 64,852,715$ 3,088,225$ Transfers In 48,310,867 30,231,498 (18,079,369) Bond Proceeds - - - Other 1,580,087 1,465,901 (114,186) Opening Fund Balance 51,214,505 38,922,046 (12,292,459)

Total Sources 162,869,949$ 135,472,160$ (27,397,789)$ Applications

Principal 36,150,739$ 44,747,934$ 8,597,195$ Interest 41,544,742 42,484,715 939,973 Building Improvements - - - Other 1,100,000 1,100,000 - Ending Fund Balance 84,074,468 47,139,511 (36,934,957)

Total Applications 162,869,949$ 135,472,160$ (27,397,789)$

Debt Service Fund

• Increased revenue for Ad Valorem tax

• Add’l principal and interest due on Rollover and WC-1 bonds

Sheet1

FY20 Amended FinalFY21 FinalVariance

Sources

Local$ 61,764,490$ 64,852,715$ 3,088,225

Transfers In48,310,86730,231,498(18,079,369)

Bond Proceeds- 0- 0- 0

Other1,580,0871,465,901(114,186)

Opening Fund Balance51,214,50538,922,046(12,292,459)

Total Sources$ 162,869,949$ 135,472,160$ (27,397,789)

Applications

Principal$ 36,150,739$ 44,747,934$ 8,597,195

Interest41,544,74242,484,715939,973

Building Improvements- 0- 0- 0

Other1,100,0001,100,000- 0

Ending Fund Balance84,074,46847,139,511(36,934,957)

Total Applications$ 162,869,949$ 135,472,160$ (27,397,789)

35

FY21 Final Property

Insurance

FY21 Final Health

Insurance

FY21 Final Workers' Comp

Insurance

FY21 Final Combined Insurance

FY20 Combined Insurance

RevenuesPremiums Collected 3,770,676$ 81,282,263$ 2,256,316$ 87,309,255$ 89,129,342$ Transfers In - - - - Other 31,951 3,335,005 50,000 3,416,956 3,939,097

Total Revenues 3,802,627$ 84,617,268$ 2,306,316$ 90,726,211$ 93,068,439$ Expenses

Salaries and Benefits -$ 497,776$ 225,519$ 723,295$ 822,168$ Employee Benefits 4,062,696 84,851,878 2,497,264 91,411,838 94,210,726 Claims and Services 225,349 - - 225,349 266,347 Depreciation - - - - -

Total Expenses 4,288,045$ 85,349,654$ 2,722,783$ 92,360,482$ 95,299,241$ Net Income (Loss) (485,418) (732,386) (416,467) (1,634,271) (2,230,802)

Opening Net Position 590,567 17,332,285 1,006,379 18,929,231 53,991,627 Closing Net Position 105,149$ 16,599,899$ 589,912$ 17,294,960$ 51,760,825$

Internal Service Funds

• 5% Increase for Health Insurance Rev/Exp• $1,150,000 Revenue increase for Property

Insurance for increased costs.• Worker’s Compensation stable

Sheet1

FY21 Final Property InsuranceFY21 Final Health InsuranceFY21 Final Workers' Comp InsuranceFY21 Final Combined InsuranceFY20 Combined Insurance

Revenues

Premiums Collected$ 3,770,676$ 81,282,263$ 2,256,316$ 87,309,255$ 89,129,342

Transfers In- 0- 0- 0- 0

Other31,9513,335,00550,0003,416,9563,939,097

Total Revenues$ 3,802,627$ 84,617,268$ 2,306,316$ 90,726,211$ 93,068,439

Expenses

Salaries and Benefits$ - 0$ 497,776$ 225,519$ 723,295$ 822,168

Employee Benefits4,062,69684,851,8782,497,26491,411,83894,210,726

Claims and Services225,349- 0- 0225,349266,347

Depreciation- 0- 0- 0- 0- 0

Total Expenses$ 4,288,045$ 85,349,654$ 2,722,783$ 92,360,482$ 95,299,241

Net Income (Loss)(485,418)(732,386)(416,467)(1,634,271)(2,230,802)

Opening Net Position590,56717,332,2851,006,37918,929,23153,991,627

Closing Net Position$ 105,149$ 16,599,899$ 589,912$ 17,294,960$ 51,760,825

36

FY20 Amended

Final FY21 FinalRevenues

Local Charges for Services 6,589,566$ 6,589,566$ Federal Subsides 21,058,860 21,058,860 Commodities - - Other 68,500 68,500

Total Revenues 27,716,926$ 27,716,926$ Expenses

Food and Supplies 12,891,716$ 12,891,716$ Salaries and Benefits 11,938,078 11,938,078 Purchased Services 1,510,028 1,510,028 Depreciation 315,000 315,000 Other 510,000 510,000

Total Expenses 27,164,822$ 27,164,822$ Net Income (Loss) 552,104 552,104

Opening Net Position (4,852,122) (4,300,018) Closing Net Position (4,300,018)$ (3,747,914)$

Enterprise (Nutrition Services) FundNOTE: The negative Opening Net Position is due to the implementation of new accounting rules requiring the recognition of net pension liability.

Request for proposal for FY21 services goes to Board on May 26, 2020

Budget will be updated once contract is awarded

Impact due to COVID-19 TBD

Sheet1

FY20 Amended FinalFY21 Final

Revenues

Local Charges for Services$ 6,589,566$ 6,589,566

Federal Subsides21,058,86021,058,860

Commodities- 0- 0

Other68,50068,500

Total Revenues$ 27,716,926$ 27,716,926

Expenses

Food and Supplies$ 12,891,716$ 12,891,716

Salaries and Benefits11,938,07811,938,078

Purchased Services1,510,0281,510,028

Depreciation315,000315,000

Other510,000510,000

Total Expenses$ 27,164,822$ 27,164,822

Net Income (Loss)552,104552,104

Opening Net Position(4,852,122)(4,300,018)

Closing Net Position$ (4,300,018)$ (3,747,914)

37

• In SY20-21, in a full closure scenario, projected daily losses are approx. $57,000o New Food Bank contract will reimburse 100% of FY20 Breakfast & 86% Lunch reimbursement rates o Nutrition Services to mediate losses through:

o Placing future investments on hold- Fleet additions, IT software & hardware, New positions o Suspending all commercial food product purchases- managing commodity inventory only o Assessing labor needs regularly and scheduling accordingly

FY21 COVID-19 Scenarios TBD: Nutrition Services

$(2,000,000) $(1,000,000)

$- $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000

July August Sept Oct Nov Dec

FY21 Projected Cash Position

Pandemic Normal

FY21 Cash Projection Full Closure

6/30/2020 Projected Cash Position $ 4,377,432 Projected Inflows $ 1,850,000 Projected Outflows $ (7,155,000)11/30/20 Projected Cash Position $ (927,568)

38

OPEB Trust FundFY20

Amended Final FY21 Final Variance

AdditionsContributions by Employer 2,140,019$ 2,140,019$ -$ Earnings on Investments 1,000,000 1,000,000 - Adjustment to Fair Market Value - 1,500,000 -

Total Additions 3,140,019$ 4,640,019$ -$ Deductions

Employee Benefits 5,990,019$ 5,990,019$ -$ Purchased Services - - -

Total Deductions 5,990,019$ 5,990,019$ -$ Net Increase/Decrease (2,850,000) (1,350,000) 1,500,000 Opening Net Position 21,136,002 60,060,044 38,924,042 Closing Net Position 18,286,002$ 58,710,044$ 40,424,042$

• No major changes anticipated.

Sheet1

FY20 Amended FinalFY21 FinalVariance

Additions

Contributions by Employer$ 2,140,019$ 2,140,019$ - 0

Earnings on Investments1,000,0001,000,000- 0

Adjustment to Fair Market Value- 01,500,000- 0

Total Additions$ 3,140,019$ 4,640,019$ - 0

Deductions

Employee Benefits$ 5,990,019$ 5,990,019$ - 0

Purchased Services- 0- 0- 0

Total Deductions$ 5,990,019$ 5,990,019$ - 0

Net Increase/Decrease(2,850,000)(1,350,000)1,500,000

Opening Net Position21,136,00260,060,04438,924,042

Closing Net Position$ 18,286,002$ 58,710,044$ 40,424,042

FY 21 Final BudgetAgendaSlide Number 3Cost Neutral Changes For Final BudgetTentative to Final Budget Revisions FY21Summary of General Fund Sources and UsesGeneral Fund – Ending Fund BalanceSlide Number 8Incline Village Property Tax Lawsuit�Enrollment UnknownsCOVID-19 Anticipated FY21 Budget ImpactsCOVID-19 Anticipated FY21 Budget ImpactsFinancial Contingency PlanWhat is WCSD Doing to Prepare?What is WCSD Doing to Prepare?Slide Number 16FY 20-21 General Fund Revenues �($502.6 Million)FY 20-21 DSA Per Pupil Funding ($6,112)Enrollment HistorySlide Number 20General Fund Expenditures Slide Number 22General Fund FTE DataGeneral Fund FY 20-21 FTEsGeneral and Other Funds FTE DataSlide Number 26Building & Sites Fund Capital Projects FundSpecial Education FundSpecial Revenue Funds (Grants page 1 of 2)Special Revenue Funds (Grants page 2 of 2)Grants Anticipated FY21 Budget Impacts TBD Class Size Reduction Fund Debt Service Fund Internal Service Funds Enterprise (Nutrition Services) FundFY21 COVID-19 Scenarios TBD: Nutrition ServicesOPEB Trust Fund