2017-18 Budget Hearing PRESENTED BY FINANCIAL SERVICES AUGUST 21, 2017 1
2017-18 Budget Overview The Texas Education Code requires that every local education agency in Texas prepare and file a budget of anticipated revenues and expenditures with the Texas Education Agency. The State Board of Education requires that this budget be prepared and adopted by August 31 by the Board of Trustees.
Assumptions • Enrollment – 2% growth to 77,233 • New Campuses: • Bryant Elementary, Stockdick Junior High, Paetow High School • Tax Base – 6.2% growth to $38,650,000,000
Assumptions • Salary Increases: • Teacher paygrade averaged 3.16% • Non-teacher paygrades 3% of midpoint • Maintenance & Operations Tax Rate: $1.1266 • Debt Service Tax Rate: $0.39
2017-18 General Fund
2017-18 General Fund - Revenue REVENUES Tax Revenue ($1.1266) $ 426,550,505 Other Local Revenue 11,085,000 State Funding 182,218,297 State TRS Contributions 34,830,262 Federal Revenue 20,090,765 Total Revenues $ 674,774,829
2017-18 General Fund - Revenue 3% 32% Local Revenue State Revenue Federal Revenue 65%
2017-18 General Fund - Expenditures 12% Payroll Costs Non-Payroll Costs 88%
2017-18 General Fund – Payroll & Benefits PAYROLL BUDGET Salaries $ 472,944,541 Other Compensation 30,010,652 Benefits 92,738,602 Total Payroll Budget $ 595,693,795
2017-18 General Fund – Non-Payroll NON-PAYROLL COSTS Campus & Department Allocations $ 63,692,247 (Utilities, Fuel, Software, Appraisal Fees) Non-Allocations 14,363,592 TIRZ Contribution 3,520,130 Total Non-Payroll Costs $ 81,575,969
2017-18 General Fund Supplies & Materials Purchased & Contracted Other Operating 4.8% Services 1.7% 5.5% Capital Outlay 0% Payroll Costs 87.9%
2017-18 General Fund $500 Instruction & Instructional Related $450 $445.9 $400 Instructional & School Leadership $350 $300 Support Services - Student $250 Administrative Support Services $200 $150 Support Services - Non-Student $100 $82.1 $50 Ancillary Services $68.3 $13.0 $10.1 $44.4 $0
GENERAL FUND Budgeted Fund Balance at September 1, 2017 $ 194,908,158 Revenues Property Taxes and Other Local Revenues 437,635,505 State Program Revenues 217,048,559 Federal Program Revenues 20,090,765 Total Revenues 674,774,829 Expenditures Payroll Costs 583,779,919 Purchased and Contracted Services 36,620,093 Supplies and Materials 31,788,476 Other Operating Expenses 11,520,660 Capital Outlay 188,062 Total Expenditures 663,897,210 Operating Transfers In (Out) (5,514,560) Net Change to Fund Balance 5,363,059 $ 200,271,217 Budgeted Fund Balance at August 31, 2018
2017-18 Food Service Fund
FOOD SERVICE FUND Budgeted Fund Balance at September 1, 2017 $ 4,031,743 Revenues Local Revenues 15,353,000 State Program Revenues 172,000 Federal Program Revenues 14,240,205 Total Revenues 29,765,205 Expenditures Payroll Costs 13,055,513 Purchased and Contracted Services 78,936 Supplies and Materials 17,719,628 Other Operating Expenses 43,700 Capital Outlay 730,000 Total Expenditures 31,627,777 Operating Transfers In (Out) Net Change to Fund Balance (1,862,572) $ 2,169,171 Budgeted Fund Balance at August 31, 2018
2017-18 Debt Service Fund
DEBT SERVICE FUND Budgeted Fund Balance at September 1, 2017 $ 54,001,099 Revenues Property Taxes ($0.39) 147,660,835 Interest Earnings & Other Local 606,612 State Revenues - ASAHE 1,800,000 Total Revenues 150,067,447 Expenditures Principal Payments * 71,306,790 Interest Payments 79,368,006 Fees - Trust Department and Other 312,285 Total Expenditures 150,987,081 Transfers In (Out) - Capital Projects & GOF Funds 3,414,560 Net Change to Fund Balance 2,494,926 Budgeted Fund Balance at August 31, 2018 $ 56,496,025 Includes $20M principal defeasance
Proposed Official Budget 2017-18 Special Debt General Revenue Service Fund Fund Fund Total Fund Balance at September 1, 2017 $194,908,158 $4,031,743 $54,001,099 $252,941,000 Revenues Property Taxes and Other Local Revenues 437,635,505 15,353,000 148,267,447 601,255,952 5700 State Program Revenues 217,048,559 172,000 1,800,000 219,020,559 5800 Federal Program Revenues 20,090,765 14,240,205 34,330,970 5900 Total Revenues 674,774,829 29,765,205 150,067,447 854,607,481 Expenditures Payroll Costs 583,779,919 13,055,513 596,835,432 6100 Purchased and Contracted Services 36,620,093 78,936 36,699,029 6200 Supplies and Materials 31,788,476 17,719,628 49,508,104 6300 Other Operating Expenses 11,520,660 43,700 11,564,360 6400 Debt Payments 150,987,081 150,987,081 6500 Capital Outlay 188,062 730,000 918,062 6600 Total Expenditures 663,897,210 31,627,777 150,987,081 846,512,068 Operating Transfers In (Out) (5,514,560) 3,414,560 (2,100,000) Excess (Deficiency) of Revenues 5,363,059 (1,862,572) 2,494,926 5,995,414 Fund Balance at August 31, 2018 $200,271,217 $2,169,171 $56,496,025 $258,936,414
Proposed Budget 2017-18 Special Debt General Revenue Service Fund Fund Fund Total Revenues 5700 Property Taxes and Other Local Revenues 437,635,505 15,353,000 148,267,447 601,255,952 5800 State Program Revenues 217,048,559 172,000 1,800,000 219,020,559 5900 Federal Program Revenues 20,090,765 14,240,205 34,330,970 Total Revenues 674,774,829 29,765,205 150,067,447 854,607,481 Expenditures Instruction 428,700,455 428,700,455 11 Instructional Resources and Media Services 8,189,483 8,189,483 12 Curriculum and Instructional Staff Development 9,017,056 9,017,056 13 Instructional Leadership 5,573,036 5,573,036 21 School Leadership 38,873,775 38,873,775 23 Guidance, Counseling and Evaluation Services 28,152,842 28,152,842 31 Health Services 6,692,130 6,692,130 33 Student (Pupil) Transportation 19,511,287 19,511,287 34 Food Services 30,897,777 30,897,777 35 Co-curricular/Extracurricular Activities 13,922,103 13,922,103 36 General Administration 13,013,832 13,013,832 41 Plant Maintenance and Operations 60,991,342 60,991,342 51 Security and Monitoring Services 7,922,547 7,922,547 52 Data Processing Services 13,229,700 13,229,700 53 Community Services 356,950 356,950 61 Debt Service 150,987,081 150,987,081 71 Facilities Acquisition and Construction 1,108,602 730,000 1,838,602 81 Payments to Fiscal Agents 658,200 658,200 93 Payments to Juvenile Justice Education Program 138,740 138,740 95 Payments to Tax Increment Fund 3,520,130 3,520,130 97 Intergovernmental 4,325,000 4,325,000 99 Total Expenditures 663,897,210 31,627,777 150,987,081 846,512,068 Operating Transfers In (Out) (5,514,560) 3,414,560 (2,100,000) Excess (Deficiency) of Revenues 5,363,059 (1,862,572) 2,494,926 5,995,413
Thank You 20
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