2017 ‐ 2018 General Fund Budget Hearing May 23, 2017
Agenda • Budget Process • Levy & Taxes • Revenue • Expenditures • Fund Balance Projection • Questions and Comments
Budget Timelines for 2017 ‐ 2018 Date Budget Event June 2016 2016 - 2017 Budget Approved September 2016 Preliminary Levy set (Payable 2017; 2017-18 Revenue) December 19, Accept FY 2015-16 audit results 2016 December 20, Final Levy set (Payable 2016; 2016-17 2016 Revenue) January 10, 2017 Review of 2016-17 revised general fund budget and 2017-18 budget timeline and parameters. January 24, 2017 School Board approves preliminary budget assumptions and timeline for 2017-18 February 28, 2017 Proposed recommended budget enhancements and adjustments presented to School Board for approval
Budget Timelines for 2017 ‐ 2018 Date Budget Event March 1, 2017 Staffing allocations set for 2017-18 May 9, 2017 Review the second draft of the 2017-18 preliminary budget May 23, 2017 Prior to the regular School Board meeting, the District will hold a public hearing to share the 2017-18 DRAFT general fund budget and collect any public comment June 5, 2017 District administration reviews information gathered at public hearing and makes final adjustments to proposed budget June 13 , 2017 Update the School Board on Budget development June 27, 2017 School Board formally adopts 2017-18 Budget
Budget Assumptions ‐ Revenue • The per ‐ pupil basic general education formula allowance is currently $6,067. The 2017 ‐ 18 is the first year in the new state budget biennium and while per pupil funding has yet to be set, for budgeting purposes we are assuming an increase of 1% or $61 per pupil unit in state basic funding. • Operating referendum revenue continues to be based on Adjusted Pupil Units (APU) to an amount based on APU and equal to $1,580 per APU including the inflationary increase factor of 2.39% or $36 per pupil unit over the current year. • Levy revenue will be based on the 2016 Pay 2017 ‐ 18 Certified Levy. • New state funding formula for Special Education Aid has been fully implemented effective with the 2015 ‐ 16 fiscal year with the goal of providing more accurate and timely information. We will continue to monitor the new funding model.
Budget Assumptions ‐ Expenditures • Focus resources on equity and student achievement. • Staffing adjustments will match enrollment changes and align with class size staffing ratios. – Kindergarten 23 students – Grades 1 ‐ 3 27 students – Grades 4 ‐ 6 32 students – Grades 7 ‐ 12 34 students • Estimated salary settlements for upcoming contract negotiations are included. • District benefit costs for Health/Hospitalization, Dental, Life, and Long Term Disability costs are estimated to stay at the current level. • Utility costs will be based on multiple year average usage with consideration given to current rates • All mandated reserve expense categories ( i.e. Staff development, Health & Safety, Safe Schools, Operating Capital) will be spent in compliance with statute.
Average Enrollments Average Enrollments Kindergarten Grades 1 - 6 Grades 7 - 12 Total Change 2005-2006 432.9 2,679.0 3,183.7 6,295.6 - 442.8 2,789.0 3,141.4 6,373.2 77.60 2006-2007 2007-2008 431.2 2,820.9 3,138.8 6,390.9 17.70 2008-2009 446.5 2,871.0 3,163.6 6,481.1 90.20 2009-2010 483.0 2,871.0 3,125.0 6,479.0 (2.10) 2010-2011 468.3 2,927.8 3,196.8 6,592.9 113.90 2011-2012 568.5 3,008.2 3,188.7 6,765.4 172.5 2012-2013 512.6 3,094.8 3,294.9 6,902.2 136.8 586.6 3,566.6 3,277.4 7,430.6 528.3 2013-2014 2014-2015 575.2 3,543.0 3,321.1 7,439.3 8.8 2015-2016 565.4 3,562.6 3,389.4 7,517.4 78.1 2016-2017 569.8 3,532.6 3,486.4 7,588.8 69.3
Average Enrollments 1000 2000 3000 4000 5000 6000 7000 8000 0 2007-2008 2008-2009 Kindergarten AVERAGE ENROLLMENT 2009-2010 2010-2011 Grades 1-6 2011-2012 2012-2013 Grades 7-12 2013-2014 2014-2015 2015-2016 2016-2017
Roseville Area Schools: Ethnic Composition District Enrollment: 7,649 American Indian: 108 1% Asian: 1,624 21% White: 3,564 47% Hispanic: 954 13% Black: 1399 18% MARSS Data 9-28-16
Roseville Area Schools: LEP District Trend 20% 18% 17% 16% 16% 16% 15% 15% 15% 14% 14% 13% 11% 12% 10% 8% 6% 4% 2% 0% 2008 ‐ 09 2009 ‐ 10 2010 ‐ 11 2011 ‐ 12 2012 ‐ 13 2013 ‐ 14 2014 ‐ 15 2015 ‐ 16 2016 ‐ 17 MARSS Data 9-28-16
Roseville Area Schools: Free & Reduced Priced Meals District Trend 60% 48% 50% 47% 46% 46% 46% 44% 41% 40% 35% 35% 33% 29% 30% 27% 24% 21% 19% 20% 10% 0% 2002 ‐ 03 2003 ‐ 04 2004 ‐ 05 2005 ‐ 06 2006 ‐ 07 2007 ‐ 08 2008 ‐ 09 2009 ‐ 10 2010 ‐ 11 2011 ‐ 12 2012 ‐ 13 2013 ‐ 14 2014 ‐ 15 2015 ‐ 16 2016 ‐ 17
Approved Levy Pay 2017 – General Fund 2016 PAY 2017 CERTIFIED FINAL LEVY 12/02/16 GENERAL FUND Approved Approved $ Change 2016 % Change 2016 Source 2016 Pay 2017 2015 Pay 2016 Proposed vs. Proposed vs. Levy Levy 2015 Approved 2015 Approved Abatements -71.30% $ 261,646.21 $ 911,812.36 $ (650,166.15) Student Achievement -52.82% $ 90,754.10 $ 192,358.76 $ (101,604.66) Alternative Teacher Compensation 15.04% $ 767,688.74 $ 667,340.31 $ 100,348.43 Long Term Facilities 106.43% $ 3,725,781.34 $ 1,804,832.08 $ 1,920,949.26 Building Leases $ 249,038.95 $ 222,254.42 $ 26,784.53 12.05% Bldg Leases - Intermediate 42.15% $ 281,195.63 $ 197,809.58 $ 83,386.05 Career & Technical 9.50% $ 225,601.62 $ 206,029.63 $ 19,571.99 Equity Levy -15.19% $ 757,904.62 $ 893,607.97 $ (135,703.35) Location Equity Levy $ 3,108,081.12 $ 3,252,080.00 $ (143,998.88) -4.43% Health & Safety -98.11% $ 20,947.29 $ 1,110,104.20 $ (1,089,156.91) Achievement & Integration 10.31% $ 522,754.03 $ 473,877.67 $ 48,876.36 Operating Capital -31.69% $ 697,538.67 $ 1,021,195.17 $ (323,656.50) Reemployment Levy $ 91,858.01 $ 103,074.06 $ (11,216.05) -10.88% Safe Schools Levy -0.28% $ 311,219.64 $ 312,092.58 $ (872.94) Safe Schools Intermediate 4.76% $ 111,010.90 $ 105,963.00 $ 5,047.90 TIF Adjustment $ ‐ $ ‐ $ ‐ Transition Levy 3.97% $ 176,011.21 $ 183,286.11 $ (7,274.90) Referendum $ 8,514,198.27 $ 8,750,202.13 $ (236,003.86) -2.70% Total, General Fund: $ 19,913,230.35 $ 20,407,920.03 $ (494,689.68) -2.42%
Approved Levy Pay 2017 – All Funds ALL FUNDS Approved Approved $ Change 2016 % Change 2016 Fund 2016 Pay 2017 2015 Pay 2016 Proposed vs. Proposed vs. Levy Levy 2015 Approved 2015 Approved General Fund $ 19,913,230.35 $ 20,407,920.03 $ (494,689.68) -2.42% Community Service Fund $ 936,570.12 $ 978,879.64 $ (42,309.52) -4.32% Debt Service Fund $ 2,943,873.41 $ 3,077,853.39 $ (133,979.98) -4.35% OPEB Debt Fund $ 1,409,274.09 $ 1,408,718.26 $ 555.83 0.04% TOTAL, ALL FUNDS $ 25,202,947.97 $ 25,873,371.32 $ (670,423.35) -2.59%
Compare Valuation Changes on Median Home Values RAMSEY COUNTY MEDIAN HOME VALUE % Change Community 2015 Value 2016 Value Value $ Change Tax Arden Hills $ 300,300 $ 306,350 2.0% $ (113) Falcon Heights $ 247,700 $ 252,600 2.0% $ (87) Lauderdale $ 186,550 $ 184,350 ‐ 1.2% $ (157) Maplewood $ 190,800 $ 200,900 5.3% $ 15 Roseville $ 216,400 $ 226,800 4.8% $ 4 Little Canada $ 223,900 $ 228,200 1.9% $ (115) Shoreview $ 253,800 $ 267,300 5.3% $ (3) Properties within ISD 623
Revenue Budget 2016 ‐ 17 2017 ‐ 18 2017 ‐ 18 % Source Source Revised Budget Original Budget Difference Difference 1 MAINTENANCE LEVY $ 13,768,115 $ 12,783,661 $ (984,454) ‐ 7.2% 2 MOBILE HOME TAX $ 20,000 $ 20,000 $ ‐ 5 UNEMPLOYMENT LEVY $ 103,074 $ 91,858 $ (11,216) ‐ 10.9% 9 FISCAL DISPARITIES $ 1,994,505 $ 1,994,505 $ ‐ 10 COUNTY APPORTIONME $ 223,507 $ 223,507 $ ‐ 15 INTEREST ON LEVY PYM $ ‐ $ ‐ $ ‐ 21 REV FROM OTHER DISTR $ ‐ $ ‐ $ ‐ 40 TUITION FROM PATRON $ ‐ $ ‐ $ ‐ 50 FEES FROM PATRONS $ 296,570 $ 300,000 $ 3,430 1.2% 51 FEES/USAGE $ 250,000 $ 250,000 $ ‐ 52 FINES $ ‐ $ ‐ $ ‐ 60 ADMISSIONS & STUD AC $ 70,000 $ 70,000 $ ‐ 71 MA CLAIMS REVENUE $ 600,000 $ 600,000 $ ‐ 92 INTEREST EARNINGS $ 4,000 $ 4,000 $ ‐ 93 RENT OF SCHOOL FACILI $ 155,000 $ 155,000 $ ‐ 95 LEASE REVENUE $ 66,329 $ 66,329 $ ‐ 96 GIFTS AND BEQUESTS $ 55,000 $ 55,000 $ ‐ 98 MISC STUD FUND RAISIN $ ‐ $ ‐ $ ‐ 99 MISCELLANEOUS LOCAL $ 37,000 $ 37,000 $ ‐ 0 ‐‐ LOCAL & PROPERTY TAX $ 17,643,100 $ 16,650,860 $ (992,240) ‐ 5.6%
Revenue Budget 2016 ‐ 17 2017 ‐ 18 2017 ‐ 18 % Source Source Revised Budget Original Budget Difference Difference 201 ENDOWMENT AID $ 264,037 $ 267,337 $ 3,300 1.2% 211 GENERAL ED REVENUE $ 60,140,038 $ 61,743,231 $ 1,603,193 2.7% 212 LITERACY INCENTIVE AID $ 422,747 $ 422,747 $ ‐ 0.0% 213 SHARED TIME $ 20,818 $ 20,877 $ 59 0.3% 227 ABATEMENT AID $ 59,211 $ 60,000 $ 789 1.3% 234 HOMESTEAD MARKET VA $ ‐ $ ‐ $ ‐ 2 ‐‐ STATE AIDS $ 60,906,851 $ 62,514,192 $ 1,607,341 2.6% 300 STATE AIDS & GRANTS $ 2,335,731 $ 2,384,578 $ 48,847 2.1% 360 STATE AID SPECIAL ED $ 10,318,998 $ 11,187,170 $ 868,172 8.4% 370 MISC GRANTS ‐ MDE $ 32,530 $ 32,530 $ ‐ 0.0% 3 ‐‐ STATE AIDS & GRANTS $ 12,687,259 $ 13,604,278 $ 917,019 7.2%
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