Budget Presentation Supts Teacher Leadership Council Presented by - PowerPoint PPT Presentation

Budget Presentation Supt’s Teacher Leadership Council Presented by Brenda R. Burkett, CPA, SFO Chief Financial Officer November 21, 2019

Norman Public Schools Shrinking Budgets: Common Education Demographics – 2019-20 School Year: • 16,289 Students (Oct 1 Accreditation Count) • 24 Schools • 51% free and reduced • 1,960 employees

Sources of Revenue General Fund* Other Federal 2% 10% Local 27% State Dedicated and Line Items 19% County 3% State Aid 39% Total State 58% *Statewide All Districts General Fund from SDE transparency website.

Sources of General Fund Revenue Select Metro-area Districts Local County State Federal Other 1% 1% 0% 1% 5% 100% 7% 11% 9% 8% 9% 5% 90% 11% 80% 37% 70% 54% 62% 65% 60% 49% 80% 5% 50% 40% 4% 30% 4% 4% 48% 5% 36% 20% 25% 25% 21% 4% 10% 7% 0% Bethany Edmond Guthrie Oklahoma City Mid-Del Norman

STATE AID FORMULA Amount per weighted student

Major Components of Formula The major components of the State Aid Formula involve the Factors (how much paid per Weighted Average Daily Membership), WADM, and Chargeables (local & state dedicated revenues received). How much did the FY20 State Aid Factors increase? State Aid Factors: Final FY19 July FY20 Incr (Decr) Foundation Aid 1,756.76 1,837.57 80.81 Salary Incentive Aid 1,679.00 1,754.80 75.80 Total 3,435.76 3,592.37 156.61

What ar What are the detail changes in our W e the detail changes in our WADM for ADM for July FY20 State Aid? July FY20 State Aid? State Aid State Aid FY19 FY20 WADM: (based on) 1st 9 weeks Full Year Diff 18-19 18-19 Raw ADM 16,030.88 16,031.63 0.75 Grade Weights 2,986.86 2,996.13 9.27 Special Education 3,511.35 3,511.35 0.00 Gifted 1,501.44 1,501.44 0.00 Bilingual 374.00 374.00 0.00 Summer Special Ed 24.00 24.00 0.00 Economic Disadvantaged 1,889.25 1,889.25 0.00 Teacher Index 0.00 0.00 0.00 Total WADM 26,317.78 26,327.80 10.02

What wer What were the changes in our FY20 e the changes in our FY20 Char Chargeables geables? Chargeables: FY19 FY20 Incr (Decr) Ad Valorem 34,095,269.01 34,095,269.01 0.00 County 4 mill 2,398,470.00 2,470,114.50 71,644.50 School Land Earnings 2,448,723.00 2,351,691.00 (97,032.00) Gross Production 48,629.00 50,419.00 1,790.00 Motor Vehicle 5,984,038.00 6,000,344.00 16,306.00 REA Tax 326,916.00 345,283.00 18,367.00 45,302,045.01 45,313,120.51 11,075.50

Why did our State Aid incr Why did our State Aid increase fr ease from FY19 to FY20? om FY19 to FY20? The State Aid factors increased, which offset our slight increase in WADM and our slight increase in chargeables. FY19 FY20 Incr / (Decr) Factors 3,435.76 3,592.37 156.61 WADM 26,317.78 26,327.80 10.02 90,421,575.81 94,579,198.89 4,157,623.08 Plus: Transportation Aid 344,667.00 500,121.00 155,454.00 Total State Aid 90,766,242.81 95,079,319.89 4,313,077.08 Less: Chargeables (45,302,045.01) (45,313,120.51) 11,075.50 State Aid 45,464,198.00 49,766,199.00 4,302,001.00

Norman Public Schools - Compensation Shrinking Budgets: Common Education • FY18: NPS Bachelors Degree before HB1023 • 2017-18 base salary = $32,979. Total compensation = $35,476 • FY19: HB1023 required minimum increases in FY19 • State Minimum range Bach to Doctorate $5,001 - $8,395 • NPS provided range of increases $5,377 - $11,152 • NPS 2018-19 base salary = $37,980. Total compensation = $40,853 • FY20: SB1048 required minimum increase $1,220 in FY20 • NPS provided range of increases $1,312 - $3,437 • NPS 2019-20 base salary = $39,200. Total compensation = $42,165

Teacher Recruitment and Retention Shrinking Budgets: Common Education • Emergency Teacher Certifications Issued • 2011-12 = 32 • 2012-13 = 98 • 2013-14 = 189 • 2014-15 = 506 • 2015-16 = 1,063 • 2016-17 = 1,160 • 2017-18 = 1,429 • 2018-19 = 3,038 • 2019-20 as of Oct 2019: already at 3,000

General Fund Pr General Fund Projected Fund Balance 6/30/20 ojected Fund Balance 6/30/20 Fund Balance 6/30/19 6,912,426 5.92% Projected Revenues 19-20 121,499,322 Projected Expenditures 19-20 120,171,702 Excess Revenue Over Expense 1,327,620 Projected Fund Balance 6/30/20 8,240,046 6.78%

Our Mission: To prepare and inspire all students to achieve their full potential Our Values: Integrity | Inclusiveness | Collaboration | Optimism

THANK YOU Br Brenda R. Burkett, CP enda R. Burkett, CPA, SFO A, SFO br brendab@nor endab@norman.k12.ok.us man.k12.ok.us Feedback? Feedback? GOO.GL/PR3BPL GOO.GL/PR3BPL