CEDAR FALLS COMMUNITY SCHOOL DISTRICT 2016/17 Budget Presentation
STATE SCHOOL FOUNDATION PROGRAM - STATE AID Iowa Code Chapter 257.1(2) “... each school district in the state is entitled to receive foundation aid, in an amount pe per pu pupi pil equal to the difference between the amount per pupil of foundation property tax in the district, and the combined foundation base per pupil or the combined district cost per pupil, whichever is less.
GENERAL FUND BUDGET DETERMINATION Aid & Levy Worksheet Implements the school foundation aid formula Calculates the amount of spending authority, state aid and property taxes for a school district A school district’s spending is limited by it’s maximum spending authority Formula first determines the total spending authority Primarily enrollment times cost per pupil Determines state aid vs. property taxes
BUDGET PREPARATION
GENERAL FUND BUDGET DETERMINATION Aid & Levy Worksheet – 21 Sections 1. Budget Enrollment 2. Cost per Pupil Amounts 3. Weighted Enrollment Special Education Sharing At-Risk (Now included as a part of drop-out funding) English Second Language (ESL) 4. District Cost Calculations Regular Program Other District Cost Calculations (TSS/PD/Early Childhood/TLC) AEA District Cost Calculations 5. Combined District Cost (Summary of Section 4)
GENERAL FUND BUDGET DETERMINATION Aid & Levy Worksheet Continued 6. Uniform Levy Basic Utility Replacement Adjustment Uniform Levy Commercial & Industrial State Replacement Adjustment 7. State Foundation Aid Regular Program Cost Preschool Foundation Aid 8. Additional Dollar Levy Combined District Cost Property Tax Replacement Payment (PTRP) Property Tax Equity & Relief (PTER) (57 schools for Fy16 - $30.3 million) Final Additional Levy Before Utility Replacement Adjustment 9. Final State Foundation Aid Calculation
GENERAL FUND BUDGET DETERMINATION Aid & Levy Worksheet Continued 10. Instructional Support Levy Calculation 11. Educational Improvement Program (CF currently not eligible) 12. Reserved for Future Use 13. Additional Levy Adjustment Utility Replacement C & I State Replacement Adjustment 14. Reserved for Future Use 15. Summary of General Fund Levies 16. State Aid Payments to AEA & District 17. Summary of General Fund Budget Spending Authority 18. Summary of Financing for General Fund Maximum Budget
GENERAL FUND BUDGET DETERMINATION Aid & Levy Worksheet Continued 19. Voted Physical Plant & Equipment Levy (PPEL) 20. Income Surtax Rates & General Fund Surtax Dollars 21. Other Property & Utility Tax Replacement Taxes Management Levy Regular Physical Plant & Equipment Levy
CERTIFIED ENROLLMENT SECTION 1 5,200 5,000 101.0 108.0 4,800 121.0 121.0 292.1 4,600 Student 311.8 53.9 4,400 4,951.1 63.8 56.2 4,799.3 4,741.4 4,738.1 67.0 4,200 4,489.3 4,442.9 4,398.3 4,306.8 4,301.5 4,000 4,224.2 3,800 Oct-06 Oct-07 Oct-08 Oct-09 Oct-10 Oct-11 Oct-12 Oct-13 Oct-14 Oct-15 CF OE Out
SPECIAL ED ENROLLMENT BY PERCENTAGE SECTION 3 14% 1.47% 12% 1.60% 1.36% 1.60% 1.31% 1.71% 1.47% 10% 3.11% 1.35% 1.57% 2.71% 2.85% 1.43% 2.93% 2.90% 2.93% 8% 2.88% 3.21% 3.06% 2.86% 6% 8.51% 4% 8.08% 7.93% 7.65% 7.22% 6.92% 6.58% 5.89% 5.71% 5.72% 2% 0% Fy07 Fy08 Fy09 Fy10 Fy11 Fy12 Fy13 Fy14 Fy15 Fy16 L1 L2 L3
HISTORY OF ALLOWABLE GROWTH/SUPPLEMENTAL STATE AID IN PERCENTAGE 8.00% 7.00% 6.00% 5.00% 4.00% 3.00% 2.00% 1.00% 0.00% Fy08 Fy09 Fy10 Fy11 Fy12 Fy13 Fy14 Fy15 Fy16 Fy17 Cedar Falls CF w/o PLS State
“NEW MONEY” COMPARISON WITH SIMILAR SIZED SCHOOLS (ASSUMES 2.0% SSA) State Sc School l 2015/ 5/16 16 2015/ 5/16 16 10/1/ 1/15 15 2016/ 6/17 17 Dolla llar % Per r Pupil l Enro roll llment Ran ank Dis istric ict RPDC RPD RPDC/P RPD Count RPDC RPD Growt wth Growt wth Growt wth In Incre rease 12 Linn-Mar $46,065,104 $6,447 7,197.9 $47,333,390 $1,859,023 2.75% $ 258.27 52.7 13 SE Polk $42,765,342 $6,446 6,801.5 $44,719,863 $ 1,954,521 4.57% $ 287.37 167.1 14 Johnston $42,683,827 $6,446 6,756.1 $44,421,358 $1,767,531 4.14% $ 261.62 139.0 15** Marshalltown $34,932,495 $6,487 5,321.1 $35,281,820 $ 349,325 1.00% $ 65,65 ( 63.9) 16** Muscatine $34,362,675 $6,446 5,170.0 $34,690,335 $ 327,660 0.95% $ 63.37 (158.4) 17 Cedar Falls $31,666,807 $6,453 5,052.1 $33,252,922 $1,586,115 5.01% $ 313.95 144.8 18 College $30,946,601 $6,446 4,947.4 $32,529,155 $1,582,554 5.11% $ 319.88 146.5 19 Ottumwa $29,638,063 $6,446 4,622.9 $30,395.568 $ 757,504 2.56% $ 163.86 25.0 20 Pleasant $28,856,152 $6,579 4,531.8 $30,399,314 $ 1,543,162 5.35% $340.52 145.7 Valley $29,908,402 $ 97,283 0.33% $ 21.82 (136.4) 21** Burlington $29,811,119 $6,446 4,457.5 22 Ames $27,690,211 $6,536 4,181.2 $27,867,698 $ 177,487 0.64% $ 42.43 9.8 ** = Indicated budget guarantee for Fy17
SIMILAR SIZED SCHOOLS THREE YEAR CUMULATIVE CHANGE CERTIFIED ENROLLMENT 400.0 347.1 350.0 300.0 262.1 254.9 243.2 250.0 193.0 184.6 200.0 150.0 100.0 45.5 50.0 0.0 -50.0 -65.4 -100.0 -67.4 -150.0 -200.0 -179.0 -174.4 Oct. 2013, 2014 & 2015 enrollment count
SIMILAR SIZED SCHOOLS THREE YEAR AVERAGE INCREASE SUPPLEMENTAL STATE AID (ASSUMES 2.0%) $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 Included any budget guarantee funds received
CEDAR FALLS CSD HISTORY OF ASSESSED VALUATION SECTION 6 $2.0 Billions $1.8 $1.6 $1.4 $1.2 $1.0 $0.8 $0.6 $0.4 $0.2 $0.0 Fy10 Fy11 Fy12 Fy13 Fy14 Fy15 Fy16 Fy17 Regular TIF
TAX INCREMENT FINANCING BASICS Used by cities/counties/community colleges since 1958 City/county adopt urban renewal plans Community Colleges job training projects City/county adopts an ordinance to initiate Tax Increment Financing Establishes a base valuation at the prior years’ taxable valuation level Increased value of TIF area is incremental valuation Revenue on base valuation goes to all taxing authorities Revenue on incremental valuation goes to TIF project with some exceptions
ASSESSED VALUATION PER STUDENT $400,000 $380,000 $360,000 $340,000 $320,000 $300,000 $280,000 $260,000 $240,000 $220,000 $200,000 Fy09 Fy10 Fy11 Fy12 Fy13 Fy14 Fy15 Fy16 Fy17 Cedar Falls State Average
ASSESSED VALUATION BY CATEGORY 100% 0.91% 0.98% 1.42% 1.29% 1.10% 1.17% 4.01% 90% 21.61% 23.38% 16.81% 26.68% 27.15% 32.57% 80% 1.29% 1.36% 1.35% 1.42% 70% 1.33% 1.21% 60% 50% 40% 76.98% 76.05% 74.10% 70.48% 70.23% 65.13% 30% 20% 10% 0% 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 Residential Ag land & bldgs Comm./Indust. Multi-residential RR/Utility/Other
2015/16 VALUATION PER STUDENT – AREA SCHOOL COMPARISON $400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 Cedar Falls Dike-NH Hudson Janesville Waterloo Waverly-SR State Avg
VALUATION PER STUDENT AREA SCHOOL 3 YR. COMPARISON $400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 Cedar Falls Dike-NH Hudson Janesville Waterloo Waverly-SR State Avg Fy14 Fy15 Fy16
2015/16 VALUATION PER STUDENT – SIMILAR SIZE SCHOOL COMPARISON $550,000 $500,000 $450,000 $400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000
VALUATION PER STUDENT SIMILAR SIZE SCHOOL 3 YR. COMPARISON $550,000 $500,000 $450,000 $400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 Fy14 Fy15 Fy16
2016/17 COMBINED DISTRICT COST – $6,582 PER STUDENT (ASSUMES 2.0% SSA) Additional Levy 12.90% $ 849 per Student Combined District Cost – Foundation Dollar Level State Foundation Aid = Foundation Dollar Level – Uniform Levy Foundation dollar cost per pupil as set 64.01% $4,213 per Student by the State of Iowa x Weighted Enrollment - Uniform Levy + SSA Prop Tax Replacement Paymt. Uniform Levy = 23.09% $1,520 per Student $5.40 per $1,000 assessed valuation x school district assessed valuation
HISTORY OF COST PER PUPIL $6,800 $6,582 $6,600 $6,373 $6,453 $6,400 $6,128 $6,200 $6,008 $6,000 $5,890 $5,890 $5,775 $5,800 $5,600 $5,400 $5,200 FY10 FY11 FY12 FY13 Fy14 Fy15 Fy16 Fy17 (est)
HISTORICAL COMBINED DISTRICT COST MIX (ASSUMES 2.0% SSA INCREASE) 70% 64.01% 63.37% 62.84% 63.08% 62.48% 62.53% 61.80% 59.35% 60% 50% 40.65% 38.20% 37.92% 40% 37.52% 37.47% 37.16% 36.63% 35.99% 30% 20% 10% 0% Fy10 Fy11 Fy12 Fy13 Fy14 Fy15 Fy16 Fy17 Property Tax State Aid
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