2019-2020 Proposed Budget yo you ma matter July 22, 2019 Diana - PowerPoint PPT Presentation

2019-2020 Proposed Budget yo you ma matter July 22, 2019 Diana Sircar Chief Financial Officer

Budget Process Workshops, meetings and information Updated Board approves Budget: Initial initial July 15 th Budget: Revised compensation Budget May 13 th Budget: Board plan: Workshop Budget June 10 th June 24 th Board approves Workshop Budget updated Meeting Workshop compensation plan: July 15 th • General Operating Budget Budget • General Operating Workshop Budget • Food Service Budget Find recordings of these meetings and workshops on the Coppell ISD website on the Board of Trustees page.

Es Estima mated ed increased f funding u under H HB3 Coppell ISD change in funding per ADA from 2018-19 to 2019-20 = $1,614,362* 30% must be spent on increased compensation Requires $425 increase/teacher, nurse, librarian, counselor On June 24 th , the board approved a plan that budgets more than 100% of the new funding (over $1.6 million) on increased compensation for teachers. * Includes Fast Growth Allotment & New Instructional Facilities Allotment. Revenue estimated as of 6/20/2019 and is subject to change.

Starting Teacher Salary $54,600 3% increase on midpoint for all employees. Additional $14/month healthcare contribution for all employees . $1,800 increase for all Additional $500 for a total of $ 6+ Teachers, Nurses, $2300 for Teachers with more Librarians. than 5 years of service.

Proposed 2019-2020 budget yo you ma matter • Property tax relief 2019-2020 budget: • Increased equity for educationally 86 th Legislature passed disadvantaged House Bill 3 • Focus on improving student outcomes • Supports teachers

Pr Propo pose sed 2019 2019-2020 B Budget 2018-2019* 2019-2020^ State Aid 9,354,175 4,414,592 + Local M&O Tax Revenue 138,324,696 132,595,612 + Other Revenue 7,944,503 8,700,654 TOTAL Revenue: $155,623,374 $145,710,858 - Expenditures 111,224,673 120,109,163 - Recapture 45,092,744 29,195,568 TOTAL Expenditures: $156,317,417 $149,304,731 Change in Fund Balance $ (694,043) $ (3,593,873) ^ Includes Fast Growth Allotment of $3.1M in revenues * Amended 2018-19 budget

Source: refined ADA = TEA Summary of Finance. Source: future ADA = 2019 demographer’s report

2019-20 Proposed Budget vs. 2018-19 Amended Budget 2018-2019 Instruction (FN: 11, 36, 93, 95) 29% 20% Instructional Leadership (FN: 21, 23) 2019-2020 Student Support Services (FN: 1% 44% 12,13,31,33,34) Administration (FN: 41) 50% 10% Non-Student Support Services (FN: 51,52,53) 1% 2% Other (FN: 32,61,99) 11% 9% 6% Recapture (FN: 91) 2% 9% 6%

Other (FN: 32,61,99) Non-Student Support Services 2019-2020 Proposed Budget (excluding recapture) 0.9% (FN: 51,52,53) 12.6% Administration (FN: 41) 3.0% Instruction (FN: 11, 36, 93, 95) Instructional Leadership (FN: 21, 23) Student Support Services (FN: 12,13,31,33,34) Administration (FN: 41) Student Support Services (FN: 12,13,31,33,34) Non-Student Support Services (FN: 51,52,53) 13.1% Other (FN: 32,61,99) Instruction (FN: 11, 36, 93, 95) 62.7% Instructional Leadership (FN: 21, 23) 7.7%

Other (FN: 32,61,99) 2018-2019 Amended Budget (excluding recapture) Non-Student Support Services 1% (FN: 51,52,53) 13% Administration (FN: 41) 3% Instruction (FN: 11, 36, 93, 95) Instructional Leadership (FN: 21, 23) Student Support Services (FN: 12,13,31,33,34) Student Support Services Administration (FN: 41) (FN: 12,13,31,33,34) 13% Non-Student Support Services (FN: 51,52,53) Other (FN: 32,61,99) Instructional Leadership (FN: 21, 23) 8% Instruction (FN: 11, 36, 93, 95) 62%

Budget Process Remaining meetings and public hearing August 5 th Budget August 26 th Board Workshop August 26 th @ 5:30 pm Meeting 6:00 pm Public meeting to Budget Adoption • General Operating discuss the budget and Budget and Tax Rate • Food Service Budget Adoption the proposed tax rate. • Debt Service Budget