2020 Budget Hearing 9/17/19 1
2020 Budgets • 2020 Budgets advertised for the following four funds - o Education Fund o Operations Fund o Debt Service Fund o Rainy Day Fund Footer Text 9/17/19 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 9/17/19 3
Education Fund • Largest Fund accounting for nearly 2/3 of budget expenditures • Major expenditures from Education Fund include staffing costs for all academic areas, support services and building administration, along with I.T. support costs and educational supplies • Primary revenue from State Basic Grant (driven by ADM), no property tax levy • Budget reflects projected increases to salaries and benefits Footer Text 9/17/19 4
Education Fund Education Fund Expenses - 2020 SECC, ROD & Supplies, Tech Ivy Tech 4% 5% Benefits 21% Salaries 70% Footer Text 9/17/19 5
Operations Fund • Major expenditures from Operations Fund include central administration, facility maintenance & utilities, capital projects, transportation, school bus replacement and equipment purchases • Primary funding through property taxes, with maximum levy limited to $3,955,983 for 2020 • A portion of State Basic Grant may be transferred from Education to Operations Fund 2020 – budget for transfer of $600,000 from Education Fund o • Requires adoption of CPF and Bus Replacement plans Footer Text 9/17/19 6
Operations Fund Security / Other 2020 Operations Expenditures 7% Central Administration 10% Equipment Facility Purchase/Rental Maintenance 5% 30% Transportation 30% Utilities & Insurance 10% Improvements 8% Footer Text 9/17/19 7
Operations - Capital Projects Plan BATESVILLE COMMUNITY SCHOOL CORPORATION 2019 Statement of Values Location Sq. Footage Buildings Administration Building 4,230 742,302 High School & Athletic Facilities 220,690 45,778,826 Middle School & 1937 Gym 106,824 22,304,234 Intermediate School 101,632 18,683,227 Primary School 86,295 16,521,336 Other 11,069 1,211,925 TOTALS 530,740 $105,241,850 Footer Text 9/17/19 8
Operations – Capital Projects Plan • Capital projects plan must identify equipment purchases and proposed projects that exceed $10,000 • BCSC does not plan for equipment purchase exceeding $10,000 in 2020 (2019 included purchase of replacement utility van as only item) • 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 9/17/19 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 first year of 4-year agreement with contracted bus routes (expires after 2022-23 school year) • Four contracted routes were brought back in-house from previous contract Footer Text 9/17/19 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 • 2020 budget includes replacement of one type “D” 84-passenger bus • 2020 total bus replacement budget - $125,000 Footer Text 9/17/19 11
Operations - Bus Replacement Plan Estimated Replacement Costs Type of Corp ID Bus/Vehicle per Owned or Bus Description Number DOE "TN" Leased 2020 2021 2022 2023 2024 1 Thomas (spare) 40 2009 D Owned $125,000 2 Thomas (spare) 41 2010 D Owned $125,000 3 Thomas (spare) 43 2012 D Owned $130,000 4 Freightliner (spare) 5 2012 C Owned $110,000 5 Thomas 4 2012 D Owned $130,000 6 Thomas 21 2013 D Owned $130,000 7 Chevrolet Micro-Bird 32 2013 A Owned $60,000 8 Chevrolet Micro-Bird 33 2013 A Owned $60,000 9 Chevrolet Micro-Bird 31 2014 A Owned 10 International 45 2013 C Owned 11 Thomas 26 2014 D Owned 12 Thomas 20 2015 D Owned 13 Thomas 22 2016 D Owned 14 Thomas 12 2016 D Owned 15 Thomas 3 2016 C Owned 16 Thomas 19A 2016 C Owned 17 Thomas 24 2017 D Owned 18 Thomas 1 2018 D Owned 19 Thomas 19 2018 C Owned 20 Thomas 6 2019 D Owned 21 Thomas 19B 2019 C Owned 22 Thomas 18 2020 D Owned 23 Thomas 25 2020 D Owned Replacement Cost Totals $125,000 $125,000 $370,000 $250,000 Footer Text 9/17/19 12
Debt Service Fund • Purpose is to pay legally incurred debts, bond issues, and interest on short term loans 2nd half 2019 full year 2020 1st half 2021 Appropriation Name $37,469 Unreimbursed textbooks $186,000 $70,000 Lease Rental BMS/BHS 2019 Debt Retirement - GOB 2012 $59,325 $122,000 $62,625 (IvyTech) $122,201 $250,600 $123,342 Debt Retirement - GOB 2014 (BPS) $40,000 $129,931 Interest on Temporary Loans $329,000 $659,000 $330,500 Lease Rental - BHS 2016 $751,500 $1,503,000 $753,500 Lease Rental - BHS/BIS 2011 $2,000 Professional Services - Trustee fees $1,302,026 $2,890,000 $1,339,967 TOTAL DEBT SERVICE FUND Footer Text 9/17/19 13
Rainy Day Fund • Established for the purpose of setting aside funds to pay for irregular pension and severance obligations • Could be used for other needs only with resolution of School Board • 2020 – advertised appropriation of $150,000 • Current cash balance is $371,131 Footer Text 9/17/19 14
Appropriations History Education Operations Debt Rainy (General) (CPF,Trans,Bus) Service Day TOTAL 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 $14,100,000 $6,190,000 $2,890,000 $150,000 $23,330,000 2020 $14,450,000 $6,050,000 $2,890,000 $150,000 $23,540,000 Footer Text 9/17/19 15
Tax Rate History Actual Rate Advertised Rate $1.18 $0.90 $0.90 $0.90 $0.93 $1.00 $1.07 $1.02 $1.19 $1.09 $1.11 $0.73 $0.70 0.73 $0.88 $0.71 $0.73 $0.80 0.86 0.89 $0.78 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Footer Text 9/17/19 16
Net Assessed Valuation History $710,000,000 N.A.V. 2010 $660,321,139 $700,000,000 2011 $665,057,430 $690,000,000 2012 $662,957,275 $680,000,000 2013 $642,826,137 $670,000,000 2014 $662,646,687 $660,000,000 2015 $660,614,569 $650,000,000 2016 $667,659,652 $640,000,000 2017 $672,530,547 $630,000,000 2018 $675,181,227 $620,000,000 2019 $705,118,801 $610,000,000 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2020 $699,488,498 Footer Text 9/17/19 17
Enrollment History - ADM Year ADM 2,250 2006-07 1,910 2,200 2007-08 1,939 2,150 2008-09 1,967 2,100 2009-10 1,979 2,050 2010-11 2,010 2,000 2011-12 2,020 1,950 2012-13 2,061 2013-14 2,087 1,900 2014-15 2,077 1,850 2015-16 2,174 1,800 2016-17 2,140 1,750 2017-18 2,199 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 2 - - - - - - - - - - - - - - 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2018-19 2,148 ADM Linear (ADM) 2019-20 2,180 Footer Text 9/17/19 18
2020 Budget Hearing Questions Footer Text 9/17/19 19
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