2013-14 Budget Presentation SURPLUS/ FUND REVENUES EXPENDITURES - PDF document

2013-14 Budget Presentation SURPLUS/ FUND REVENUES EXPENDITURES (DEFICIT) General 19,140,000 19,380,000 (240,000) Capital Outlay 3,810,000 4,004,000 (194,000) Special Education 4,027,000 4,239,000 (212,000) Pension 382,000 525,000 (143,000) Bond Redemption 2,031,000 2,107,000 (76,000) Child Nutrition 1,972,000 1,972,000 0

2013-14 General Fund Budget State Aid Formula Per Student Allocation $4,626.00 (set by SD State Legislature) Fall enrollment count of X current year (2013-14) 3,564 TOTAL NEED $16,487,064 TOTAL NEED $16,487,064 School District Local Tax from Legislative Mill Levy -- ( Ag-2.090, Non Ag-4.296, Other-8.628) (6,643,952) STATE AID $ 9,843,112

2013-14 General Fund Budget Instructional Budget $11,688,900 (60.3%) Support Services Budget $7,066,800 (36.5%) Activities $624,300 (3.2%)

2013-14 Elementary Class Sizes AVG. SECTIONS CLASS SIZE Jr. Kindergarten 3 13.3 Kindergarten 12 20.5 1st Grade 13 23.2 2nd Grade 13 21.0 3rd Grade 13 23.5 4th Grade 12 24.0 5th Grade 12 22.3 25. 5.0 20. 0.0 15. 5.0 10. 0.0 5.0 .0 0.0 .0 r. K K rten en rade Grade ade rade rade Grad Jr. ergart Gra Gra Gra 1st G 2nd G rd G 4th G 5th G Kinder 3rd 1s 4t 5t

2013-14 Enrollment Projections ELEMENTARY 1,804 1,900 1,743 1,800 ELEMENTARY 1,700 1,600 1,500 Year ADM 1,400 1,300 2012-13 1,743 1,200 1,100 2012-13 2013-14 1,804 1,000 900 2013-14 800 700 600 500 400 300 200 100 0 MIDDLE SCHOOL 900 788 MIDDLE SCHOOL 786 800 700 Year ADM 600 2012-13 788 500 2012-13 2013-14 786 400 2013-14 300 200 100 0 HIGH SCHOOL 1,100 1,015 988 HIGH SCHOOL 1,000 900 Year ADM 800 2012-13 988 700 2012-13 600 2013-14 1,015 500 2013-14 400 300 200 100 0

2013-14 General Fund Expenditures 2013-14 2012-13 Difference % Instructional 11,688,900 11,108,600 580,300 5.2% Support Services 7,066,800 6,670,300 396,500 5.9% Co-Curricular 624,300 595,100 29,200 4.9% TOTAL 19,380,000 18,374,000 1,006,000 5.5% Salary/Benefits Increase-5.25% $ 620,000 1 Additional In-Service Day for Teachers/Principals 60,000 Additional Staff (8.0 FTE) 422,000 Title I Expenditure Increase 25,000 Transfer CEIS Position to Spec Ed (55,000) Retirement/Non returning Staff Savings (190,000) Purchased Services (Tuition, Utilities, etc. ) 124,000 TOTAL INCREASE 1,006,000

Number of Certified Employees (FTEs) # of F.T.E.’s ADM 1991-92 126.3 2140 1992-93 128.7 2149 1993-94 133.3 2186 1994-95 141.8 2208 1995-96 141.8 2215 1996-97 145.7 2265 1997-98 149.7 2310 1998-99 153.2 2406 1999-00 161.7 2487 2000-01 162.2 2510 2001-02 165.2 2532 2002-03 166.8 2584 2003-04 173.0 2649 2004-05 179.5 2722 2005-06 184.0 2795 2006-07 191.1 2920 2007-08 200.5 3031 2008-09 205.0 3095 2009-10 216.5 3227 2010-11 223.0 3335 2011-12 222.0 3373 2012-13 231.0 3488 2013-14 242.0 3564

Per Pupil Allocations Dollars $5,500 $5,000 $4,500 $4,000 $3,500 $3,000 % Increase 5 0 -5 -10

Educational Funds Per Pupil Cost (“Large Schools”) 2011-12 State Statistical Profile 8000 7500 7000 6500 6000 5500 5000 4500 4000 3500 3000 Wat Yan ESD Stat Abd BV Brk Hur Mad Mde Mit Pie RC SF Spf Ver e Per Pupil Cost 6601 6286 6658 7541 6874 7085 6869 6585 7302 6992 6931 7387 6737 7117 6873 7752

ESD Members 2011-12 Federal Aid General Fund Per District Amount Student Aberdeen $1,117,505 $281.00 BV $316,804 $93.92 Brookings $481,473 $164.38 Huron $1,623,804 $733.43 Mitchell $1,214,988 $478.53 Pierre $989,977 $394.57 Watertown $1,386,974 $364.51 Yankton $622,873 $233.64

2013-14 General Fund Revenue $19,140,000 Where the Money Comes From • Local Taxes $ 7,505,000 • Local Sources $ 665,000 • County Apportionment $ 185,000 • State Sources $ 10,395,000 • Federal Sources $ 390,000 Federal Sources Local Taxes 2.0% 39.2% Local Sources State Sources 54.3% 3.5% County Sources 1.0%

“Other Revenues” History 850,000.00 750,000.00 650,000.00 GROSS 550,000.00 450,000.00 RECEIPTS 350,000.00 250,000.00 150,000.00 50,000.00 -50,000.00 1,200,000.00 1,000,000.00 800,000.00 BANK 600,000.00 FRANCHISE 400,000.00 TAX 200,000.00 0.00 200,000.00 180,000.00 160,000.00 140,000.00 120,000.00 COUNTY 100,000.00 APPORTIONMENT 80,000.00 60,000.00

2013-14 Capital Outlay - $4,004,000 General Fund Classroom Expenditures Furnishings/ (Insurance/Utilities) Equipment (16.7%) $670,000 (1.4%) $57,500 Co-Curricular (.6%) 25,000 Technology Facility (27.1%) $1,085,000 Improvements (38.1%) $1,527,500 Maintenance Equipment Transportation (1.7%) $67,500 (7.7%) $308,000 Band/Orchestra Debt Payment (1.0%) $41,500 (1.5%) $62,000 Printing Services (2.2%) $90,000 Library Books (1.7%) $70,000

2013-14 Capital Outlay Debt Service $62,000 Debt Service Payments $62,000 HS Commons/ Auditorium (8/1/2013) $0 Balance @ 6/30/14

2013-14 Special Education Budget Instructional $ 3,331,300 Director 175,700 Transportation 207,000 Educational Co-op 425,000 Out of District Placements 100,000 $ 4,239,000 2012-13 Budget 3,886,000 Increase $ 353,000 9.0%

2013-14 Special Education REVENUE Local Sources $ 1,920,000 State Sources 1,522,000 Federal Sources 585,000 TOTAL $4,027,000 State 37.8% Federal Local 14.5% 47.7%

Pension Fund • 2013-14 Budget proposes $.30 Levy (Maximum) • Generates approximately $380,000/year • Used to pay early retirement costs and SDRS costs • 2013-14 Budget proposes expenditures of $525,000 ($403,500-Early Retirement; $121,500-1% SD Retirement)

2013-14 Bond Redemption $2,107,000 General Obligation Bond Payments $1,425,000 $682,000 Assam Elementary & Bennis Elementary HS Addition/Activities $5,560,000 Balance @ Center 6/30/14 (7/1/2021) $18,865,000 Balance @ 6/30/14 (12/15/2027)

Brandon Valley Child Nutrition • Averages nearly 2,810 lunches/ 310 breakfasts served daily - Approximately 492,000 lunches & 54,000 breakfasts per school year • An additional 116,000 “lunch equivalents” are served through ala carte sales • Budgeted revenues are $1,972,000 • Budgeted expenditures Regular are $1,972,000 (80%) • Budget assumes the Free (14%) following meal prices: Lunch Breakfast Reduced (6%) K-5 $2.40 $1.50 6-8 $2.65 $1.65 9-12 $2.75 $1.70 Adult $3.30 $2.00

2013-14 Property Valuations 2013-14 2012-13 Increase 108,923,777 105,751,239 3,172,538 AG LAND OWNER 862,968,917 837,833,900 25,135,017 OCCUPIED OTHER 257,167,206 249,676,899 7,490,307 (Commercial) 63,000,000 62,307,556 692,444 UTILITIES 1,292,059,900 1,255,569,594 36,490,306 TOTAL % Increase 2.9%

District Valuation 1999-00 $498,301,691 2000-01 $563,144,801 2001-02 $627,309,734 2002-03 $667,851,518 2003-04 $727,553,636 2004-05 $790,047,800 2005-06 $880,306,176 2006-07 $977,303,441 2007-08 $1,061,601,396 2008-09 $1,137,347,460 2009-10 $1,186,131,080 2010-11 $1,218,887,102 2011-12 $1,224,128,258 2012-13 $1,255,569,594 2013-14 $1,292,059,900 1,400,000,000 2.8% 0.9% 2.6% 2.9% 4.3% 8.6% 7.1% 1,200,000,000 11.0% 11.4% 1,000,000,000 8.9% 8.6% 800,000,000 13.0% 11.4% 6.5% 600,000,000 400,000,000 200,000,000 0

Mill Levies 2013 2014 General Fund-Ag 2.36 2.09 General Fund-Owner Occupied 4.10 4.30 General Fund-Commercial 8.77 9.20 Capital Outlay Fund 3.00 3.00 Special Education Fund 1.21 1.35 Pension Fund 0.30 0.30 Bond Redemption Fund 1.59 1.59 TOTAL AG LEVY 8.47 8.33 TOTAL OWNER OCC. LEVY 10.20 10.54 TOTAL COMMERCIAL LEVY 14.88 15.44