FY 2017-18 Preliminary Budgets Kris Crocker Director of Finance & Operations June 22, 2017
FY 2017-18 General Fund Budget Process Budget Forecast Discussed with Finance Committee
Budget Forecast and Finance Committee Guidance Shared with Administrative Team
Submission of Administrative Team Budget Requests
Administrative Team Meetings to Discuss & Prioritize Requests
Operating Capital & LTFM Budgets Discussed & Prioritized with Administrative Team & Long Range Facilities Planning Committee
Presentation of Administrative Team Discussions & Priorities to Finance Committee
Recommendation of Budget Assumptions & Priorities to School Board
General Fund Budget to be Built with Parameters of Assumptions & Priorities
Recommendation of Operating Capital & LTFM projects and budgets to School Board
Updated Budgets Shared and Discussed with Finance Committee
Final FY 2017-18 Preliminary Budgets Recommended to School Board on June 22nd
FY 2017-18 Budget Assumptions General Fund Aid Allocation K-12 Enrollment Employee Contracts Salary & Benefit (excluding Health & Dental) Health Insurance Dental Insurance Class Size Ranges FTE Reduction due to Enrollment Projections Federal Funding Special Education Aid Maintain 12.5% Fund Balance Policy Spending of FY 16-17 Operating Capital (Bus Purchases, HR Scanning Project, ZSpace Curriculum & Software at Riverside Academy)
1% Increase 4,848 14 Open 2% Increase 5% Increase 0% Change Current Ranges 2.0 FTE Current Funding Increase
$400,000
Administrative Team Requests & Priorities 0.3 FTE Music Teacher at CIHS 0.5 FTE Technology Integration Specialist* 1.0 FTE Technology Technician 1.0 FTE Transportation Safety Coordinator Position 2.0 FTE ADSIS Interventionists Additional New Teacher Workshop – Ignite District Curriculum Committee Expanding use of Naviance Program Hybrid courses at CIHS
$20,000 $45,000 $50,000 $65,000 $53,950 $6,000 $18,000 $4,600 $750
Available Funding or Savings from 1-Time FY 16-17 Strategic Plan Costs Rotation of Attending TIES Workshop Reduction of Japanese Elective at CIHS Net Change to Budget
-$230,300 -$13,000 -$20,000 -0-
FY 2017-18 Budget Projections General Fund Balances Unrestricted/Unassigned*
Projected Fund Balance June 30, 2017
Revenue FY 2017-18
Expenditures FY 2017-18
Projected Fund Balance June 30, 2018
%
7,003,682
44,727,189
45,966,178
5,764,693
12.5%
Assigned
284,232
570,000
632,610
221,622
35.0%
Restricted – Basic Skills
223,635
1,696,400
1,707,000
213,035
12.5%
Restricted – Learning & Development
146,495
1,145,151
1,148,000
143,646
12.5%
9,158
69,498
69,900
8,756
12.5%
-
640,797
640,797
-
0.0%
223,684
200,152
300,000
123,836
41.3%
484
1,086,631
1,086,147
968
0.1%
Restricted – Operating Capital
717,289
1,203,000
1,707,500
212,789
12.5%
Restricted – Long Term Facilities Maint.
542,955
1,569,000
2,011,000
100,955
5.0%
9,151,614
52,907,818
55,269,132
6,790,301
12.3%
Restricted – Gifted & Talented Restricted – Staff Development Restricted – Safe Schools Restricted – ALC
General Fund Total
*Unrestricted/Unassigned includes assigned for subsequent year’s budget fund balance.
FY 2017-18 Budget Projections Other Funds
Projected Fund Balance June 30, 2017
Revenue FY 2017-18
Expenditures FY 2017-18
Projected Fund Balance June 30, 2018
%
Food Service
686,503
2,421,740
2,556,501
551,742
21.6%
Community Service
254,214
2,287,520
2,257,174
284,560
12.6%
25,500
-
25,500
-
0.0%
Debt Service
21,627,117
6,738,500
27,908,863
456,754
1.6%
All Funds Total
31,744,948
64,355,578
88,017,170
8,083,357
9.2%
Building Construction
Next Steps • Revised budget in the fall
• Updated staffing costs • Legislative updates • • • •
2% on General Education Allocation Transportation Aid Compensatory Revenue Early Childhood