school district budget 101
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School District Budget 101. Moffat County School District. Understanding Your School District Budget. Annual Spending Plan To provide quality instruction and educational programs Ensures taxpayers’ money is spent efficiently and reasonably Goal of achieving the School District Mission - PowerPoint PPT PresentationTRANSCRIPT
School District Budget 101
Moffat County School District
Understanding Your School District Budget
Annual Spending Plan To provide quality instruction and educational
programs Ensures taxpayers’ money is spent efficiently
and reasonably Goal of achieving the School District Mission
Our Mission
“Our students will independently grow and learn in a safe, positive, and challenging atmosphere, where faculty, staff, and parents are enthusiastic about the teaching and learning process.”
Budget Process
Review current financial condition
Prepare financial projections
Utilize assumptions to drive revenue and expenditure forecast
Projections presented to various district committees and the Board and are updated quarterly
Budget Perspectives
The Home Perspective Student achievement, class size, available programs, qualifications of
teachers and other staff
The School Perspective Effectively perform their jobs and provide a quality education to students
The District Perspective Strategic Plan
The Community Perspective Fiscally responsible with the taxes paid on their homes, businesses, and
vehicles Today’s students will be the leaders and taxpayers for subsequent
generations.
How Does the Typical Student Use $9,325?
Instruction$5,495 or 59%
Supporting Services - Pupils$574 or 6%
Supporting Services - Staff$550 or 6%
General Administration$210 or 2%
School Administration$607 or 7%
Fiscal Services$75 or 1%
Operations & Maintenance$1,026 or 11%
Pupil Transportation$284 or 3%
Transfer Out $504 or
5%
Budgeted Expenditures Per Student
Amendments that Affect School Funding
Taxpayer’s Bill of Rights (TABOR) Requires voter approval of tax increases Limits spending 3% expenditures in reserve
Amendment 23 Increases K-12 funding for 10 years at inflation
plus 1%, then at the rate of inflation
Colorado School Finance Act
Colorado School Finance Act (SFA) Equity through factors – At-Risk, Cost of Living,
Personnel Cost Factor, & District Size
Three sources of funding local property tax state funds specific ownership tax
Colorado School Finance Act
Moffat County
Rifle
Steamboat Springs
Rangely
Meeker
Hayden
$- $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $7,000 $8,000 $9,000
2013-2014 School Finance Act Per-Pupil Funding Summary
State Funding Property tax Specific Ownership Tax
Per-Pupil Funding
Dis
tric
t
Local Referenda
1994-1995 Hold Harmless Override
1997 Override $1,900,000
Additional Override Available $1,845,315
Local Referenda
Moffat County
Rifle
Steamboat Springs
Meeker
Rangely
Hayden
$- $2,000 $4,000 $6,000 $8,000 $10,000 $12,000
2013-2014 Per-Pupil Funding Summary with Override
State Funding Property tax Specific Ownership Tax Override
Per-Pupil Funding
Dis
tric
t
5-Year History of MCSD Mill Levies
2010 2011 2012 2013 2014 (est.)0
5
10
15
20
25
30
35
20.516 20.516 20.516 20.516 20.516
4.842 5.192 5.092 5.152 5.338
4.304 4.637 4.541 4.5738 5.86399999999999
5-Year History of MCSD Mill LeviesPublic School Finance Levy Bond Redemption Overrides & Abatements
Year
Mills
What Does it Cost to Raise $1.0 Million?
2013-2014 Budget
General Fund70.8%
Insurance Reserve Fund1.0%
Capital Reserve Fund4.9%
Pupil Activity Fund0.4%
Bond Redemption Fund12.7%
Food Service Fund2.2%
Risk Related Activity Fund6.5%
Agency Fund1.5%
The Funding Driver – Enrollment
2010-2011 2011-2012 2012-2013 2013-2014 (est.) -
500.0
1,000.0
1,500.0
2,000.0
2,500.0
3,000.0
1,292.0 1,202.0 1,019.5 1,033.0
506.0 498.0
489.5 501.5
615.0 607.0
573.0 501.0
Funded Pupil County by Level
Elementary Middle School High School
FTE S
tudents
*Average funded pupil count
*2,151.0*2,063.0
*2,032.0 *2,062.4
General Fund Revenue
2013-2014GENERAL FUND
REVENUE SOURCES Policy Decisions
Tuition & Fees $ 556,505 2.9% Local Elections
1997 Mill Levy Override 1,899,7649.8%Hold Harmless 277,932 1.4%
School Finance Act
State Funding 3,170,27816.5%Local Property Taxes 10,211,98952.8%Specific Ownership Taxes 640,446 3.3%
(equalized) Other Revenue
Other State Revenue Taxes 675,823 3.5%Earnings on Investments 7,500 0.0%County/Federal Mineral Leases 780,000 4.0%Division of Wildlife 2,000 0.0%Specific Ownership Taxes 259,554 1.3%
(non-equalized)Federal Grants 845,258
4.4%TOTAL $ 19,327,049 100.0%
LESS CONTROLLABLE REVENUE
2014-2015 Budget
School Budget Law CRS 22-44-101:119 “A statement shall be submitted with the proposed budget describing
the major objectives of the educational program to be undertaken by the school district during the ensuring fiscal year and the manner in which the budget proposes to fulfill such objectives.”
Guiding Principles Remain true to our core beliefs – mission, vision, and aims – Student
learning results, collaboration, continuous improvement, and systemic student interventions.
To meet all Federal and State Mandates. Implement a zero based budget process - All district programs and
services will be considered for redesign, reduction, supplementation or elimination using our core beliefs Consider reduction through salary freezes, furlough days, attrition, and
other means.
Explore revenue generating options
2014-2015 Budget Calendar
2014-2015 Budget
Revenues Total Program –Governor’s Budget Request
Inflation Increase of 2.6% Negative factor the same as 2013-14 Statewide average per pupil funding increase of
$223.39 or 3.4% MCSD per pupil funding increase of $212.50
from $6,311.11 to $6,523.61
2014-2015 Budget
2014-2015 Budget
Expenditures PERA mandated annual increase of 0.9% of
total wages Health Insurance 9% Increase Step Increases Average
3% Teachers and Classified 2% Administrators/Directors
Budget 2014-2015
Fund Balance Difference between MCSD’s Assets and
Liabilities, Balance Sheet items Snapshot at 6/30 every year MCSD uses the fund balance to fund operations
from July-March. This working capital, represents operating liquidity.
Budget 2014-2015
Jul Aug Sept Oct Nov Dec Jan Feb Mar Apr May Jun
2009-2010
7516083.09
6468902.88
6031816.86
4988038.87
3925325.28
2648522.33
1856626.72
2008243.48
3946944.28
6155854.45
6939155.34
8511783.04
2010-2011
7500169.94
6743476.95
6688950.46
5570367.91
4828822.76
4927933.58
4009092.35
6185625.8
5762471.15
6924136.47
8472125.74
9303556.09
2011-2012
8222736.59
7366594.73
6910509.01
6298956.26
5252211.97
4153355.53
3321629.17
5412321.43
4711141.75
4707557.15
7625317.57
9347238.36
2012-2013
8225405.01
7389709.75
6868351.56
6045160.51
4937984.91
4028541.38
3039125.91
4857295.25
4164879.26
6161437.64
7145661.69
8931353.41
2013-2014
7821333.27
6976679.87
6446870.67
5670230.11
NaN NaN NaN NaN NaN NaN NaN NaN
500,000.00
1,500,000.00
2,500,000.00
3,500,000.00
4,500,000.00
5,500,000.00
6,500,000.00
7,500,000.00
8,500,000.00
9,500,000.00
2009-20102010-20112011-20122012-20132013-2014
Steps/PERA/Medical Forecast Forecast
2014-2015 2015-2016 2016-2017Budget $/Pupil Budget $/Pupil Budget $/Pupil
K-12 Pupil Count 2,144.40 2,144.40 2,144.40 Beginning Fund Balance $6,497,294 $3,003 $5,295,159 $2,469 $4,093,024 $1,909Revenue Local $13,693,811 $6,330 $13,693,811 $6,386 $13,693,811 $6,386 County $332,000 $153 $332,000 $155 $332,000 $155 State $4,264,265 $1,971 $4,264,265 $1,989 $4,264,265 $1,989 Federal $830,000 $384 $830,000 $387 $830,000 $387 Allocation to CRF/IRF -$240,000 -$111 -$240,000 -$112 -$240,000 -$112 Allocation to MCHS Athletics -$30,000 -$14 -$30,000 -$14 -$30,000 -$14 Allocations to MCHS Activities $0 $0 $0 $0 $0 $0 Allocations to CMS Athletics $0 $0 $0 $0 $0 $0 Allocation to CMS Activities $0 $0 $0 $0 $0 $0 Allocation to Food Service $0 $0 $0 $0 $0 $0Total Revenue $18,850,076 $8,827 $18,850,076 $8,846 $18,850,076 $8,846
Expense Instruction $12,482,610 $5,770 $12,482,610 $5,821 $12,482,610 $5,821 Support Services-Pupils $1,235,520 $571 $1,235,520 $576 $1,235,520 $576 Support Services-Staff $998,270 $461 $998,270 $466 $998,270 $466 General Administration $396,234 $183 $396,234 $185 $396,234 $185 School Administration $1,330,931 $615 $1,330,931 $621 $1,330,931 $621 Fiscal Services $196,794 $91 $196,794 $92 $196,794 $92 Operations and Maintenance $2,293,569 $1,060 $2,293,569 $1,070 $2,293,569 $1,070 Pupil Transportation $637,363 $295 $637,363 $297 $637,363 $297 Staff Services $62,921 $29 $62,921 $29 $62,921 $29 Other Support Services $3,000 $1 $3,000 $1 $3,000 $1 Insurance $350,000 $162 $350,000 $163 $350,000 $163 Administrative Costs $65,000 $30 $65,000 $30 $65,000 $30Total Expense $20,052,211 $9,269 $20,052,211 $9,351 $20,052,211 $9,351
Ending Fund Balance $5,295,159 $2,448 $4,093,024 $1,909 $2,890,889 $1,348
26% 20% 14% Required Reserves Tabor $700,000 $700,000 $700,000 30% BOE $6,015,663 $6,015,663 $6,015,663 Questar $- $- Total Required Reserves (Tabor and BOE) $6,715,663 $6,715,663 $6,715,663 Undesignated Reserve -$1,420,504 -$2,622,640 -$3,824,775