2019 Budget Hearing 9/18/18 1 2019 Budgets 2019 Budgets - PowerPoint PPT Presentation

2019 Budget Hearing 9/18/18 1

2019 Budgets • 2019 Budgets advertised for the following four funds - o Education Fund o Operations Fund o Debt Service Fund o Rainy Day Fund Footer Text 9/18/18 2

Budget Process *Estimating expenditures conservatively on the high side, and estimating revenues and A.V.’s conservatively on the low side, results in levies and rates that are advertised high, but these will be reduced when we receive our budget order from DLGF Footer Text 9/18/18 3

Education Fund • Largest Fund accounting for approximately 2/3 of budget expenditures • New for 2019, Education Fund includes all former general fund expenses minus central administration & facility maintenance costs, then adds student I.T. expenditures • Primary revenue from State Basic Grant (driven by ADM), no property tax levy • Budget reflects projected increases to salaries, benefits and supplies Footer Text 9/18/18 4

Education Fund 2019 Expenses Supplies, SECC, ROD Tech & Ivy Tech 4% 9% Benefits 21% Salaries 66% Footer Text 9/18/18 5

Operations Fund • New for 2019, created by adding central administration and facility maintenance portions of General fund to Capital Projects, Transportation and Bus Replacement funds • Primary funding through property taxes, with maximum levy limited to $3,822,206 for 2019 • A portion of State Basic Grant may be transferred from Education to Operations Fund to cover previous General Fund Operations costs • Still requires adoption of CPF and Bus Replacement plans Footer Text 9/18/18 6

Operations Fund Operations Expenditures Security / Other Central 5% Administration 9% Equipment Facility Purchase/Rental Maintenance 5% 25% Transportation, Bus Replacement Utilities & 34% Insurance 12% Improvements 10% Footer Text 9/18/18 7

Operations - Capital Projects Plan BATESVILLE COMMUNITY SCHOOL CORPORATION 2018 Statement of Values Location Sq. Footage Buildings Administration Building 4,230 720,682 High School & Athletic Facilities 220,690 44,445,462 Middle School & 1937 Gym 106,824 21,654,596 Intermediate School 101,632 18,139,055 Primary School 86,295 16,040,132 Other 11,069 1,176,626 TOTALS 530,740 $102,176,626 Footer Text 9/18/18 8

Operations – Capital Projects Plan • New for 2019, Capital projects plan must identify equipment purchases and proposed projects that exceed $10,000 • BCSC Plan includes one planned equipment purchase over that threshold – replacement of utility van • BCSC Plan also includes multiple projects in excess of $10,000, including mechanical upgrades, roof section replacements, parking lot improvements, security upgrades, interior finishes, and athletic/playground improvements Footer Text 9/18/18 9

Operations - Transportation • Operating expenses for school day and extra- curricular trips paid from fund • BCSC operates 28 routes and over 1,000 miles each day to transport students to/from school • Roughly 75% of students ride at least occasionally, as well as SLS students • We are currently in final year of 4-year agreement with contracted bus routes (expires after 2018-19 school year) Footer Text 9/18/18 10

Operations - Bus Replacement Plan • Used to purchase BCSC school buses and activity buses only • No contribution toward contractor-owned buses • In order to establish bus replacement plan, must advertise and maintain replacement schedule • 2019 budget includes replacement of one type “D” 84-passenger bus, plus additional purchase of three used buses to allow BCSC to take over three contracted routes, providing additional flexibility • 2019 total bus replacement budget - $400,000 Footer Text 9/18/18 11

Operations - Bus Replacement Plan Type of Corp ID Bus/Vehicle No. per DOE "TN" 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 1 2018 D 135,000 6 2019 D 135,000 18 2012 D 125,000 19 2018 C 120,000 19A 2016 C 130,000 19B 2019 C 120,000 20 2015 D 130,000 21 2013 D 130,000 22 2016 D 130,000 24 2017 D 135,000 25 2009 D 125,000 26 2014 D 130,000 31 2014 A 90,000 32 2013 A 90,000 33 2013 A 90,000 40 2007 D 120,000 41 2010 D 125,000 43 2012 C 125,000 45 2013 C 130,000 Replacement Totals 120,000 125,000 125,000 0 250,000 440,000 220,000 130,000 260,000 135,000 255,000 255,000 Footer Text 9/18/18 12

Debt Service Fund • Purpose is to pay legally incurred debts, bond issues, and interest on short term loans 2nd half 2018 full year 2019 1st half 2020 Appropriation Name $37,440 $51,345 Unreimbursed textbooks $479,000 Debt Retirement - BMS/BHS 1998 Debt Retirement - GOB 2012 $60,425 $119,200 $58,775 (IvyTech) $124,698 $245,651 $125,953 Debt Retirement - GOB 2014 (BPS) $26,652 $90,804 Interest on Temporary Loans $330,500 $658,000 $329,500 Lease Rental - BHS 2016 $261,500 $1,503,000 $751,500 Lease Rental - BHS/BIS 2011 $220,000 Anticipated Debt Service - Tech $2,000 Professional Services - Trustee fees $1,320,215 $2,890,000 $1,265,728 TOTAL DEBT SERVICE FUND Footer Text 9/18/18 13

Rainy Day Fund • Established for the purpose of setting aside funds to pay for irregular pension and severance obligations • 2019 budget advertisement includes appropriation for rainy day fund for the third year • Could be used for other needs only with resolution of School Board • 2019 – advertised appropriation of $150,000 • Current cash balance is $228,131 Footer Text 9/18/18 14

Appropriations History Education Operations Debt Rainy (General) (CPF,Trans,Bus) Service Day TOTAL 2009 $12,981,847 $4,590,140 $1,678,000 $0 $19,249,987 2010 $13,021,139 $4,706,498 $1,724,999 $0 $19,452,636 2011 $13,080,500 $5,030,500 $1,785,000 $0 $19,896,000 2012 $12,600,000 $5,292,000 $1,640,000 $0 $19,532,000 2013 $13,319,000 $5,089,000 $1,685,099 $0 $20,093,099 2014 $13,786,000 $5,320,000 $1,665,450 $0 $20,771,450 2015 $13,979,000 $5,000,000 $1,925,000 $0 $20,904,000 2016 $13,979,000 $4,900,000 $1,925,000 $0 $20,804,000 2017 $14,800,000 $5,009,000 $2,580,000 $150,000 $22,539,000 2018 $14,500,000 $5,090,000 $2,580,000 $150,000 $22,320,000 2019 $14,200,000 $6,190,000 $2,890,000 $150,000 $23,430,000 Footer Text 9/18/18 15

Tax Rate History Actual Rate Advertised Rate $1.70 $1.17 $0.97 $0.90 $0.90 $0.90 $0.93 $1.00 $1.07 $1.09 $1.18 $1.02 $1.11 $0.69 $0.73 $0.70 0.73 $0.71 $0.80 $0.73 $0.88 $0.78 0.86 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Footer Text 9/18/18 16

Net Assessed Valuation History Year N.A.V. $710,000,000 $700,000,000 2009 $655,235,966 $690,000,000 2010 $660,321,139 $680,000,000 2011 $665,057,430 $670,000,000 2012 $662,957,275 $660,000,000 2013 $642,826,137 $650,000,000 2014 $662,646,687 $640,000,000 2015 $660,614,569 $630,000,000 2016 $667,659,652 $620,000,000 2017 $672,530,547 $610,000,000 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2018 $675,181,227 2019 $705,118,801 Footer Text 9/18/18 17

Enrollment History - ADM Year ADM ADM 2005-06 1,871 2,300 2006-07 1,910 2,200 2007-08 1,939 2008-09 1,967 2,100 2009-10 1,979 2,000 2010-11 2,010 1,900 2011-12 2,020 2012-13 2,061 1,800 2013-14 2,087 1,700 2014-15 2,077 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 0 0 0 1 1 1 1 1 1 1 1 1 1 - - - - - - - - - - - - - - 5 6 7 8 9 0 1 2 3 4 5 6 7 8 0 0 0 0 0 1 1 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2015-16 2,174 2 2 2 2 2 2 2 2 2 2 2 2 2 2 ADM 2016-17 2,140 2017-18 2,199 * 2015-16 – KG Counts As 1.0 ADM 2018-19 2,148 * 2017-18 - Readiness KG (+60) Footer Text 9/18/18 18

2019 Budget Hearing Questions Footer Text 9/18/18 19