Fiscal Year 2018 Budget Preliminary Presentation March 13, 2017

Fiscal Year 2018 Budget Planning Process Superintendent and Business Administrator meetings with each administrator December 9-23, 2016 Finance and Facilities Committee meetings with each administrator January 30, February 8, 15, March 2, 6, 2017 Discussion with the community April 5, 2017 at 7:00 PM- PTO at High School Cafeteria March 29, 2017 at 8:00 PM- Congregation Ohav Emeth forum Board Discussion March 13, April 3, May 8, 2017

Understanding Budget Changes Increased special education for services in early childhood school, including medical support not needed in previous years Higher tuition rates for charter school students Increased homeless student transportation costs More costly employee benefit responsibilities than in previous years Flat state aid

Proposed Expenditure 2017-2018 Change from 2017-2018 2016-2017 School Supplies, Extracurricular Activities $533,510 +$95,516 District Operations $5,793,370 +$45,439 District Curriculum, Instruction and $48,470 -$2,757 Professional Development +$466,889 Salaries (current) $16,206,908 (Includes two new faculty) Benefits $5,678,311 +$243,152 Special Education $2,935,975 +$195,042

Proposed Expenditure Breakdown 2017-2018 Cost (Salary Position Rationale and Benefits Special Education Teacher- Pre Response to expanding enrollment $78,000 School Disabled Therapeutic support for elementary special Social Worker $78,000 education students

Proposed Expenditure Breakdown 2016-2017 2014-2015 2014-2015 2015-2016 2015-2016 2016-2017 2016-2017 2017-2018 Item Budget Actual Budget Actual Budget Actual Budget Special Education $1,829,769 $1,781,745 $1,772,495 $2,006,688 $2,361,604 $1,939,408 $2,352,675 Out-Of-District Tuition Special Education $630,195 $550,189 $672,884 $665,783 $701,548 $667,667 $601,396 Out-Of-District Transportation

Proposed Expenditure Breakdown 2017-2018 2016-2017 2017-2018 Charter School Tuition $388,698 $414,925

Revenue 2017-2018 Change from 2017-2018 2016-2017 State Aid $3,677,347 +$563 International Student Tuition $100,000 $0 Funds Anticipated for Transfer $800,000 +$50,132 from FY 2016 to FY 2017 Transfer From Reserves $189,000 -$57,000 Extraordinary Aid $200,000 +$100,000 Taxes $26,094,257 +$939,586 Other $135,940 +$10,000

Five-Year Trends 35,000,000 30,000,000 25,000,000 Millions 20,000,000 15,000,000 10,000,000 Expenditures 5,000,000 Property Taxes - State Aid 1,563 Students 1,593 Students 1,618.5 1,611 Students 1,633.5 Students Students FY'14 FY'15 FY'16 FY'17 FY'18

Financial Impact on Highland Park Residents Over Time School Year 2014-2015 2015-2016 2016-2017 2017-2018 Total $28,109,829 $28,887,653 $30,153,263 $31,211,544 Expenditures Tax Levy 3.74% 6.87% 4.30% 3.91% General Fund Tax Levy With 6.47% 3.88% 3.73% 2.36% Debt Service Increase for $412 $215 $177 $72 Average Home

Allowable Tax Increase Explanation 2% increase from prior year general fund taxes Adjustment for increases in health care costs over 2% (to a limit of 8.4%) Carry over previous year’s adjustments for increases in health care costs and enrollment increases not used (“banked cap”)

Fiscal Year 2018 Budget Preliminary Presentation March 13, 2017 - PowerPoint PPT Presentation

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