5/14/2018 Attachment 2 FY2019 FY2019 Austin Independent School District RECOMMENDED BUDGET Nicole Conley Johnson, Chief Business and Operations Officer David Edgar, Exec. Dir. Of Finance Travis Zander, Dir. Of Budget and Planning May 21, 2018 2 FY2019 Recommended Budget Overview of Expenditures by Fund (in millions) FY2018 FY2019 Fund $ Change % Change Amended* Recommended (in Millions) (in Millions) (in Millions) General Fund $1,332.4 $1,444.1 $111.7 8.4% Food Service $39.9 $41.0 $1.1 2.6% Debt Service $135.8 $128.2 ($7.6) (5.6%) Total $1,508.2 $1,613.3 $105.2 7.0% Less Recapture $546.0 $669.6 $123.6 22.6% Total Operating $962.1 $943.7 ($18.4) (1.9%) Expenditures *Amended Budget as of April 23, 2018 1
5/14/2018 Attachment 2 3 FY2019 Recommended Budget All Funds Budgeted Expenditures Robinhood represents over 40% of the district’s total adopted General Fund Recapture budget . (Operating 42% Expenses) 48% Food Service 3% Debt Service 8% 4 FY2019 Recommended Budget: Changes Since Preliminary Budget (Expenditures in millions) Increases/Decreases in Expenditures (in millions) Amount $8.1 Across ‐ the ‐ board salary Increase for regular, part ‐ time and full ‐ time employees 1.5% $0.3 Literacy Initiative ($1.2) Reduce School Lunch Monitor Funding Allocations ($1.6) Eliminate Bilingual Stipend Requests ($1.0) Transfer IT Coaches from General Fund to Instructional Material Allotment Fund ($0.7) Transfer of supplemental staff to Title I ($1.5) Reduce PPfT budget to Actual Cost of Program ($0.3) Reduction of Vacant Full Time Equivalants at Central Administration Budgets ($0.8) Decrease in projected employee health plan cost $1.3 Total Increase in Expenditures 2
5/14/2018 Attachment 2 5 FY2019 Recommended Budget Salary Increase History School Year Salary % AISD Insurance AISD Salary AISD Salary + (millions) increase Increase* Increase** Insurance Increase 18 ‐ 19 1.5% $0.0 $8.1 $8.1 17 ‐ 18 1.5% $4.8 $8.6 $13.4 16 ‐ 17 4.0% $15.7 $20.0 $35.7 15 ‐ 16 3.0% $2.8 $14.7 $17.6 14 ‐ 15 2.0% $0.0 $9.7 $9.7 TOTALS 12.00% $23.3 $61.1 $84.4 • In addition to the $84.4 million in salary and employee health care plan contributions the District also pays $33 million annually to Social Security *reflects advertised district contributions **includes FICA and district TRS contributions (x) 1.5% non ‐ pensionable pay supplement 6 FY2019 Recommended Budget General Fund Revenue FY2018 FY2019 Revenue Source (in Amended Recommended $ Change % Change millions) Budget* Budget Local $1,208.9 $1,313.2 $104.3 8.6% State $62.6 $78.4 $15.8 25.2% Federal $28.0 $24.2 ($3.8) (13.5%) Total $1,299.6 $1,415.8 $116.2 8.9% Less: Recapture $546.0 $669.6 $123.6 22.6% Operating $753.5 $746.2 ($7.3) (1.0%) Revenue *Amended Budget as of April 23, 2018 3
5/14/2018 Attachment 2 FY2019 Recommended Budget 7 General Fund Expenditures & Fund Balance (in millions) FY2018 FY2019 Amended Recommended Difference % Change Budget* Budget Total Revenue $1,299.6 $1,415.8 $116.2 8.9% Less: Recapture ($546.0) ($669.6) $123.6 22.6% Net Revenue $753.5 $746.2 ($7.3) (1.0%) Total Operating Expenditures $786.4 $774.5 ($11.9) (1.5%) Net Other (Sources) Uses $2.1 $0.2 ($1.8) (87.9%) Total Expenditures and Other $788.4 $774.8 ($13.7) (1.7%) (Sources) Uses Net Change in Fund Balances ($34.9) ($28.6) $6.3 (18.2%) *Amended Budget as of April 23, 2018 FY2019 Recommended Budget 8 General Fund Expenditure by Function FY2019 FY2019 General Fund Functional Area % of General Fund Functional Area % of Recommen Recommended (in millions) Budget (in millions) Budget ded Budget Budget Instruction $435.3 56.2% General Administration $22.5 2.9% Instructional Resources & Media Services $11.1 1.4% Community Services $7.3 0.9% $13.3 1.7% Curriculum & Staff Development Subtotal Central & Community Services $29.9 3.9% $15.0 1.9% $85.3 11.0% Instructional Administration Plant Maintenance School Administration $51.8 6.7% Security & Monitoring Services $12.5 1.6% Guidance & Counseling Services $25.3 3.3% Data Processing Services $21.5 2.8% Attendance & Social Work Services $5.0 0.6% Debt Services $0.5 0.1% Health Services $8.8 1.1% Facilities Acquisition & Construction $0.1 0.0% Pupil Transportation $32.1 4.1% Payments-Shared Services Arrangements $4.1 0.5% Co-Curricular Activities $15.6 2.0% Other Intergovernmental Charges $7.4 0.9% Subtotal Instruction and Student Support $613.4 79.2% Subtotal Operations & Infrastructure $131.3 16.9% Grand Total $774.5 100.0% 4
5/14/2018 Attachment 2 9 FY2019 Recommended Budget General Fund Expenditure by Object FY2018 FY2019 General Fund by Major Object Amended Preliminary $ Change % Change Budget* Budget (in millions) Payroll Costs $667.7 $667.7 ($0.0) (0.0%) 68.2 67.5 (0.7) Purchase & Contracted Services (1.0%) Supplies 35.2 26.6 (8.7) (24.6%) Other Operating Costs 13.9 11.9 (2.0) (14.1%) Capital Outlay 0.9 0.4 (0.5) (56.9%) 0.5 0.5 (0.0) Debt Service (3.6%) Totals $786.4 $774.5 ($11.9) (1.5%) *Amended Budget as of April 23, 2018 10 FY2019 Recommended Budget General Fund Expenditure by Object Recapture Included Recapture Excluded Purchase & Other Contracted Operating Services Costs Payroll 8.7% 0.9% Costs Supplies 46.2% Payroll 3.4% Costs Recapture 86.2% Supplies Other 46.4% 1.8% Operating Costs 1.7% Purchase & Contracted Services 4.7% 5
5/14/2018 Attachment 2 11 FY2019 Recommended Budget Tax Rates FY2015 FY2016 FY2017 FY2018 FY2019 Tax Rates Adopted Adopted Adopted Adopted Recommended M&O $1.079 $1.079 $1.079 $1.079 $1.079 I&S $0.143 $0.123 $0.113 $0.113 $0.113 $1.222 per $1.202 per $1.192 per $1.192 per $1.192 per Total Tax Rate $100 of $100 of $100 of $100 of $100 of taxable taxable value taxable value taxable value taxable value value To see how the school tax portion of your annual property taxes pay for all the services provided by the Austin Independent School District visit http://www.austinisd.org/budget/mytaxdollar 12 FY2019 Recommended Budget The Impact of Recapture 6
5/14/2018 Attachment 2 13 Next Steps June 2018 • A public hearing on the recommended budget and tax rate • The budget will be adopted after the public hearing July 2018 • The Chief Appraiser will provide the certified values August 2018 • Board Adopts the Tax Rate Based on Final Appraisal Values 14 Budget Stabilization Committee • Applications now being accepted on the website – https://www.austinisd.org/announcements/austin ‐ isd ‐ seeking ‐ applicants ‐ budget ‐ stabilization ‐ task ‐ force • Each Trustee to appoint one member • Additional slots will be filled with the intent of ensuring representation from diverse backgrounds, perspectives and expertise, reflective of the AISD community at large • Budget committee will meet and make recommendations in the summer ahead of budget cycle for 2019 ‐ 20 • The product of this work will be the development of annual deficit reduction targets and options, and a summary of findings with rationale for consideration by Superintendent Paul Cruz • Recommendations include potential revenue, budget reductions and cost savings to stabilize the budget 7
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