COMMUNITY TOWN HALL BUDGET MEETING March 12, 2019 Genera eral - PowerPoint PPT Presentation

COMMUNITY TOWN HALL BUDGET MEETING March 12, 2019 Genera eral Fund Reven enue ue/Expen /Expense se Projecti ctions ons Other er Projections: ctions: Titl tle, e, Specia ial Ed, Techn hnolog ology y & Le Legisl slati tive e Funding ing Discuss cussion ion of Budgetar getary Optio ions ns and Imp mpact acts Audien ence ce Questi stions ons and Commun munica icatio tions ns

Board Budget Committee & Goal ■ Jeff Gray, Committee Chair ■ Jan Cahill, Committee Member and Board Chair ■ Kim Skornogoski, Committee Member Strategic ic Plan Goal: : Provi vide de pruden udent t stewards dship p and accounta ountabi bility lity of pub ublic c resou sources ces to best st sup uppor ort t educat ational ional oppor ortun tunit ity y and d student udent suc uccess cess. ■ The Board is committed to directing District resources to providing educational opportunity through both an instructional core and comprehensive programming while maximizing operational efficiency and public accountability within a sustainable budget. The District must recognize a need for a 21 st Century learning environment, changing student population with more diverse needs, uncertain revenue streams and escalating costs.

End Game: A balanced GENERAL FUND budget for the 2019-2020 school year that provides high quality educational opportunity while maximizing operational efficiency and public accountability. REMINDERS: ■ GENERAL FUND: The General Fund Budget finances the instructional costs of the district along with general maintenance and operational costs. It does not include grant monies nor federal allocations. ■ General Fund is NOT the bond levy proceeds! ■ Budget limits are established per MCA 20-9-308. ■ VOTING REQUIREMENTS — Voter approval is necessary for a district to increase Over-BASE taxes from the prior year. (MCA 20-9-308 and 20- 9-353).

HB 159: Funding Formula  Summary :  .91% & 1.83% inflation on the current funding formula  Restores Data for Achievement  Expands Guaranteed Tax Base (GTB)  Funds the Natural Resource Development (NRD) payment to provide state match for the Building Reserve Permissive Levy fund  Fiscal Note : $27,751,741 + $49,374,778 = $77,126,519  Bill Sponsor : Bruce Grubbs (R) with Anderson (R) and McKamey (R)  Status : Signed by the Governor  Voting : For...All GF Legislators  GFPS Impact : $388,946 additional State funding or .55% in new money

18-19 19-20 Difference Notes: 100% Max Potential Budget $72,309,767 $ 72,850,701 $ 540,934 K-12 REVENUE: Overbase Property Tax $ 12,661,026 $ 12,661,026 $ - Locally voted; calculated without a 19-20 successful levy Guaranteed Tax Base (GTB) $ 14,461,137 $ 15,295,865 $ 834,728 Money from the State via other communities Local Base Property Tax $ 9,015,530 $ 8,451,469 $ (564,061) Set by the State funding formula; Lower local taxes Non-Levied Revenues $ 20,766 $ 12,506 $ (8,260) State $ Special Education $ 2,083,488 $ 2,078,777 $ (4,711) Enrollment driven Direct State Aid $ 28,774,678 $ 29,033,678 $ 259,000 Data for Achievement $ 217,882 $ 219,406 $ 1,524 Will receive the funding for 19-20 Indian Ed for All $ 227,501 $ 229,108 $ 1,607 Am. Indian Achievement Gap $ 342,186 $ 337,824 $ (4,362) At -Risk Student $ 370,773 $ 359,319 $ (11,454) Quality Educator $ 2,611,570 $ 2,595,189 $ (16,381) Fewer teachers = less money TOTAL $ 70,885,054 $ 71,274,000 $ 388,946 Difference from 100% $1,424,713 $ 1,576,701 % of Max Potential Budget 98.03% 97.84% Local Share $ 21,676,556 $ 21,112,495 $ (564,061) State Share $ 49,208,498 $ 50,161,505 $ 953,007 % Local 30.6% 29.62%

GENERAL FUND BUDGETING ■ Det eterm ermine ine estimat stimated d revenues enues ■ Det eterm ermine ine esti tima mated d expend penditu tures res ■ Det eterm ermine ine new w bud udge get t need ed ■ Com ompar are ■ Det eterm ermine ine nece cess ssary y action(s) ion(s) ■ Adopt t a bud udge get t in Aug ugus ust ■ The General Fund budget is: – A description of the educational plan and the resources required to support the plan; – An outline of proposed District actions; – An accountability tool as it is reported and audited; and – A public information document.

2019-2020 Budget Projections: Revenue Estimates: Additional STATE FUNDING: New 2019-2020 Factors: 2018-2019 local and *Enrollment Budget state allocations *Inflation Applied to Parts Authority of the Funding Formula $70,885,054 $71,274,000 +$388,946 $215,054 Need Estimates: Cost increase estimates: 2018-2019 Contractual Obligations: New general fund budget amount needed to maintain $604,000 Budget comprehensive programming 0 health insurance increase and staffing $70,885,054 0 wage increase $71,489,054 $604,000

2019-2020 Budget Projections: Revenue Estimates: Additional STATE FUNDING: New 2019-2020 Factors: 2018-2019 local and *Enrollment Budget state allocations *Inflation Applied to Parts Authority of the Funding Formula $70,885,054 $71,274,000 +$388,946 Each 1% of health insurance = $64,000 $407,054 Need Estimates: Cost increase estimates: Contractual Obligations: 2018-2019 New general fund budget $604,000 amount needed to maintain Budget 3% health insurance comprehensive programming and staffing $70,885,054 increase: $192,000 $71,681,054 0 wage increase $796,000

2019-2020 Budget Projections: Revenue Estimates: Additional STATE FUNDING: New 2019-2020 Factors: 2018-2019 local and *Enrollment Budget state allocations *Inflation Applied to Parts Authority of the Funding Formula $70,885,054 $71,274,000 +$388,946 Each 1% of health insurance = $64,000 Each 1% of wage increase = $534,000 $94 941,054 Need Estimates: Cost increase estimates: Contractual Obligations: 2018-2019 New general fund budget $604,000 amount needed to maintain Budget 3% health insurance comprehensive programming and staffing $70,885,054 increase: $192,000 $72,215,054 1% wage increase: $534,000 $1,330,000

2019-2020 Budget Projections: Revenue Estimates: Additional STATE FUNDING: New 2019-2020 Factors: 2018-2019 local and *Enrollment Budget state allocations *Inflation Applied to Parts Authority of the Funding Formula $70,885,054 $71,274,000 +$388,946 Each 1% of health insurance = $64,000 $1,475,054 54 Each 1% of wage increase = $534,000 Need Estimates: Cost increase estimates: Contractual Obligations: 2018-2019 $604,000 New general fund budget amount needed to maintain 3% health insurance Budget comprehensive programming increase: $192,000 and staffing $70,885,054 2% wage increase: $72,749,054 $1,068,000 $1,864,000

Other Budgetary ry Factors: Federal Funding Preschool Funding Special Education Technology Legislative Funding

Federal Funding Recap: Grant Name Purpose 2017-2018 2018-2019 Change 2018-2019 Formula Grants IDEA Elem. Federal Education for Children with Disabilities $ 1,735,206 $ 1,761,160 $ 25,954 associated with salaries and benefits. IDEA HS Federal " $ 661,065 $ 657,332 $ (3,733) Anticipating an approximate 2% decrease with additional costs IDEA Totals $ 2,396,271 $ 2,418,492 $ 22,221 Title 1 School wide " $ 2,945,254 $ 2,854,254 $ (91,000) Title II Class Size Reduction $ 252,054 $ 32,758 $ (219,296) $ 120,344 $ 129,150 Title 1 D ($55,200 pass through) Neglected and Delinquent Programs $ 8,806 Title III English as a Second Language $ 80,338 $ 81,539 $ 1,201 Title IV Enhancing Educational Opportunity $ 10,157 $ 185,554 $ 175,397 Title X Homeless $ 27,440 $ 25,024 $ (2,416) Federal ABLE Adult Basic Learning Education $ 155,317 $ 170,179 $ 14,862 State ABLE Access to Better Learning & Education $ 54,215 $ 99,284 $ 45,069 EL Civics Language and naturalization program $ 25,261 $ 24,750 $ (511) Perkins Vocational Education $ 190,600 $ 199,804 $ 9,204 Gifted and Talented Extended Curriculum for gifted $ 13,554 $ 13,554 $ - Indian Ed Grant Education and preservation of culture $ 310,017 $ 331,285 $ 21,268 Formula Grant Totals $ 4,184,551 $ 4,147,135 $ (37,416) Competitive grants Preschool Foundation grant Librarian at Preschool $ 5,000 $ 5,000 $ - MT Preschool Dev. Grant Expansion of current preschoolprogram $ 492,000 $ 502,754 $ 10,754 MT Comprehensive Literacy Intensive Literacy Intervention ELF, WH,LF, EMS, GFHS $ 290,000 $ 580,000 $ 290,000 Title I Support Grant Literacy Grant GFHS $ 95,000 $ (95,000) $ 6,000 $ 9,000 Jobs for Montana Graduates Foster job skills in at-risk students $ 3,000 Competitive Grant Totals $ 888,000 $ 1,096,754 $ 208,754 Impact Aid Mitigate Impact of Federal Property $ 841,391 Grant Totals (excluding Impact Aid) $ 7,468,822 $ 7,662,381 $ 193,559