2018-2019 Budget Posting of the Tentative Budget July 11, 2018 - PowerPoint PPT Presentation

2018-2019 Budget Posting of the Tentative Budget July 11, 2018

Budget Calendar  January 17, 2018 Authorization to prepare the 2018-19 Budget  January 31, 2018 Presentation on Budget Forecast  July 11, 2018 Approval to Post 2018-19 Tentative Budget  August 15, 2018 Public Hearing on 2018-19 Tentative Budget  September 12, 2018 Approval of 2018-19 Final Budget

Budget Posting  Formal notice of posting published in local newspaper-Public Hearing  Budget document on display:  S chool S ervice Center (S S C)  Wheaton Public Library  Warrenville Public Library  Winfield Public Library  Carol S tream Public Library  On the internet at www.cusd200.org

Operational Revenues

Operational Expenses

Operating Expense Per Pupil

2018-19 Budget Highlights Revenues  2017 CPI (2018 Levy) @ 2.1% impacts the 2018-19 Budget  Tax Levy Distributions  CPPRT (Education & IMRF/ S S Funds)  Interest Earnings  S tate Funding  General S tate Aid (GS A)-EBF , Lease Payment  Categorical-S pecial Education Tuition, Driver Ed & Transportation  Federal Funding  NS L Program  Title I  IDEA  Medicaid

2018-19 Budget Highlights Expenditures Salaries & Benefits  Teachers – 2.5% increase per contract  Classified S taff – 2.1% increase per contract  Administrators - 2% and Non-Union 2.1% increases  Benefits – NIHIP Upcoming plan year overall increase 2.9%  TRS -Fed - 9.85% , S tate On-Behalf included in Final Budget  IMRF Pension Rate decrease (preliminary) – 9.02% from 11.04% Purchased Services, Supplies, Capital Purchases, Tuition/Other  Curriculum- Driver Ed. S imulators, Textbooks – S ocial S tudies  Technology - Network Updates, Laptop and Chromebook refresh, S ecurity Cameras-3 MS  Outsourced Contracts - Food S ervice, Custodial & Transportation  O & M Utilities - Electricity, Natural Gas, S anitation, Phone & Water  Tuition – Outplaced S tudents  Lease Payment -ECC

2018-19 Budget Highlights Expenditures Continued Summer Capital Projects – $4.2M O & M & Capital Projects Funds  S ecure Entries – Bower, Johnson, Lowell, P . Hill, S andburg, Washington, Whittier & Edison  Paving/ Concrete – Johnson, Lowell, P . Hill, Wiesbrook, Edison & Franklin  Flooring – Bower, P . Hill & Washington  Masonry Work – Emerson & WWS HS  Mechanical Work – Lowell & WNHS Early Childhood Center -$14M in Capital Projects Fund

Fund Highlights  Education Fund- Revenues  $121,764,500 (85% ) from Local S ources  $ 14,188,200 (10% ) from S tate S ources  $ 7,733,500 ( 5% ) from Federal S ources  Total Revenues $143,686,200  Represents an overall 2.67% increase over 2017-18 Budget

Fund Highlights  Education Fund Expenditures  $123,085,200 in S alaries & Benefits (2.3% increase over 2017- 18 Budget)  $7,284,980 in Purchased S ervices (0.4% increase over 2017-18 Budget)  $4,075,520 in S upplies (4.9% increase over 2017-18 Budget)  $810,500 in Capital Outlay (76.0% increase over 2017-18 Budget)  $8,430,000 in Dues, Fees, Tuition & Other (9.3% increase over 2017-18 Budget)  Total Expenditures $143,686,200 Represents a 2.91% increase over 2017-18 Budget

Fund Highlights  Operations & Maintenance-Revenue  $13,626,000 from Local S ources (97% )  $478,000 from S tate S ources (3% ) Total Revenues $14,104,000 Represents a 2.15% increase over 2017-18 Budget

Fund Highlights  Operations & Maintenance Expenditures  $2,977,500 in S alaries & Benefit s (8.0% decrease over 2017-18 Budget )  $4,841,000 in Purchased S ervices (0.3% increase over 2017-18 Budget )  $2,901,000 in S upplies/ Ut ilit ies-Gas & Elec. (3.5% decrease over 2017-18 Budget )  $3,370,000 in Capit al Out lay (24.8% increase over 2017- 18 Budget )  $12,500 in Dues, Fees,& Terminat ed Benefit s (67.6% decrease over 2017-18 Budget )  Tot al Expendit ures $14,102,000  2.13% increase over 2017-18 Budget

Fund Highlights  Debt Services-Bond & Interest  $20,715,000 in Local Revenue  $1,000,000 in S tate Revenue  $21,619,300 in Expenditures  Payment on Principal & Interest of Bonds & Capital Lease for Performance Contracting, ECC Lease  Refunding of $25,158,000

Fund Highlights  Transportation Fund-Revenues  $5,159,000 (54% ) from Local S ources  $4,321,500 (46% ) from S tate S ources Total Revenues $9,480,500 Represents a 1.14% decrease over 2017-18 Budget

Fund Highlights  Transportation Fund-Expenditures  $92,500 for S alaries & Benefits (0.5% decrease over 2017-18 Budget)  $9,258,000 in Purchased S ervices (1.4% decrease over 2017-18 Budget)  $115,000 for Gas Escalator (173.8% increase over 2017-18 Budget)  $15,000 for S upplies (900% increase over 2017-18 Budget)  Total Expenditures $9,480,500 0.5% decrease over 2017-18 Budget

Fund Highlights  IMRF/Social Security  $3,920,000 in Revenues All Local 0.69% increase over 2017-18 Budget  $3,920,000 in Expenditures 0.69% increase over 2017-18 Budget

Fund Highlights  Capital Projects Fund  Interest Earnings $70,000  Lease Certificates $14M  $1M Transfer from O & M Fund  $15M in Expenditures  S ecure Entries  ECC

Fund Highlights  Working Cash  $400,000 in Revenue associated with anticipated interest earnings

Revenue by S ource All Funds S ource Amount  Local $165,654,500  S tate $ 19,987,700  Federal $ 7,733,500  Total Revenues $ 193,375,700 Does not include Refunding or Lease Certificates

Revenue by S ource-All Funds

Revenue by S ource-Operating Funds S ource Amount  Local $144,869,500  S tate $ 18,987,700  Federal $ 7,733,500  Total Revenues $171,590,700 All funds excluding Debt S ervices and Capital Proj ects

Revenue by S ource-Operating Funds

Expenditure Type All Funds Type Amount  S alaries & Benefits $130,075,200  Purchased S ervices $ 21,383,980  S upplies $ 6,991,520  Capital Outlay/ Const. $ 19,180,500  Dues/ Fees/ Tuition/ Other $ 30,176,800  Total Expenditures $207,808,000 Does not include Refunding

Expenditure Allocation by Obj ect –All Funds

Expenditure Type-Operating Funds Type Amount  S alaries & Benefits $130,075,200  Purchased S ervices $ 21,383,980  S upplies $ 6,991,520  Capital Outlay/ Const. $ 4,180,500  Dues/ Fees/ Tuition/ Other $ 8,557,500  Total Expenditures $ 171,188,700 All funds excluding Debt S ervices and Capital Proj ects

Expenditure Allocation by Obj ect - Operating Funds

All Funds S ummary Revenues $ 193,375,700* Expenditures $ 207,808,000 Operating Balance $ -14,432,300 *Does not include Other S ources of Funds which includes: Refunding, Transfer to Capital Proj ects Fund or Lease Certificates

Revenue by Fund –All Funds

Expenditure Allocation by Fund – All Funds

Operating Budget S ummary  Revenues $ 171,590,700  Expenditures $ 171,188,700 Operating Balance $ 402,000 All funds excluding Debt S ervices and Capital Proj ects Fund

Operating Budget Comparison Fund FY18 FY19 % Change  Operating $ 167,335,000 $171,590,700 2.5% Revenue  Operating $ 166,846,842 $171,188,700 2.6% Expenditures All funds excluding Debt S ervices and Capital Proj ects Fund

2018-2019 Budget  Questions