General Fund Budget Fiscal Year 2016 1 May 12, 2015 Board Meeting - - PowerPoint PPT Presentation
General Fund Budget Fiscal Year 2016 1 May 12, 2015 Board Meeting FY2016 General Fund Budget Preparation 5/12/2015 Agenda 2 Budget Preparation - Key Dates General Fund Revenue Projection FY2016 Budget Proposal General
FY2016 General Fund Budget Preparation 5/12/2015
FY2016 General Fund Budget Recommendation 5/12/2015
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Cabinet discussion of budget items and pending legislation
Financial overview at the annual Board retreat
First budget presentation to the Board
Budget work session with Board
Budget work session with Board
Administration’s budget recommendation to the Board
The Board’s tentative adoption of FY2016 budget
Budget advertised in the legal organ
Public hearing and adoption of the FY2016 General Fund Budget
FY2016 General Fund Budget Recommendation 5/12/2015
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FY2016 General Fund Budget Recommendation 5/12/2015
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CITY TAX REVENUE PROJECTED COMMENT Advalorem Tax Revenue: Property Taxes, Motor Vehicle taxes, Title Advalorem Tax (TAVT) 45,583,483 Projected overall increase in real property digest of 6%; however, a projected 2% increase in exemptions; 30% decrease in motor vehicle digest. No increase projected in TAVT. Continued millage rate of 17.97. Other Taxes: REITT, Excise, Intangible 1,450,000 Excise taxes and real estate transactions to remain static based upon activity in FY15. Total City Tax Revenue 47,033,483 Projected increase of 3% ($1,437,181) over FY15 budget. STATE REVENUE PROJECTED COMMENT QBE State Funding: State allotment based upon calculated FTE and CPI reporting, less austerity and local fair share amounts; included projected funding for growth of 100 students. 38,635,375 Increased state revenue for the reduction in austerity of $1.4 million (38% reduction). Increase in charter funding of $33,402. State Grants: Career Technical Grants (CTAE), Preschool Handicapped Grant, Bonds for Buses, Residential Treatment Center 350,000 Projection for state grants as amount varies annually. Total State Revenue 38,985,375 Increase of 4.6% over FY15 state revenue. OTHER REVENUE PROJECTED COMMENT Transfer In of Excel Fund Balance for Competitive Compensation 1,378,697 BOE approved 8/19/2014 Tuition, Local Revenue, Earnings on Investments, E-rate 1,300,000 Decrease of 20% overall with projected 15% decrease in tuition revenue, with modest increase in interest income, Erate and indirect cost. Total Other Revenue 2,678,697 Increase of 72% from prior year due to transfer in PROJECTED FY16 GENERAL FUND REVENUE 88,697,555 Increase of $4,235,895 or 5% from FY15 budgeted revenue
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**Approved by BOE February, 2015
ITEM # GENERAL FUND - PROPOSED ADDITIONS TO EXPENDITURES NOTES
AMOUNT ($)
A Human Resources A1 ** Competitive Compensation Alignment - Certified Teachers with Bachelor, Master, Specialist and Doctoral Degrees Increase in certified salaries for classroom personnel for competitive alignment; $2,286,000 approved by BOE 2/10/15; additional $791,517 due to recent changes in other metro area salary schedules; $1.379M to be transferred from Excel. 3,077,517 A2 Competitive Compensation Alignment - Other Certified Personnel with Bachelor, Master, Specialist and Doctoral Degrees Increase in certified salary schedule for non-classroom personnel for competitive alignment with other metro area districts. 319,094 A3 Salary Increase for Classified Personnel (except certain Transportation positions) 4% increase for General Fund classified positions, except certain transportation positions whose salary schedules are being increased for competitiveness. 354,000 A4 Competitive Compensation Alignment - Transportation Department Revision of salary schedules for Bus Drivers, Master Drivers, Dispatchers, Monitors and Field Safety Coordinators. Increase hourly rate for competitiveness, reduction in salaried hours. 49,692 Subtotal of Employee Competitive Increases 3,800,303 69% of Total Proposed Increase
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ITEM # GENERAL FUND - PROPOSED ADDITIONS (cont'd) NOTES
AMOUNT ($)
A4 State Increase in Teachers Retirement System Premiums Increase in mandated employer premium. 498,000 A5 Increase in Allotments for Enrollment Growth Projected increase of of 4.75 certified for growth with 4 additional certified and 3 classified allotments in contingency, if needed. 817,000 A6 State Increase in Classified Health The legislature has proposed an increase of $1800/year per classified employee beginning mid-year on 1/1/16. 200,000 A7 ** Referral Incentive Bonus for Certified Positions $500 referral bonus for existing employees who refer successful new certified hires; approved by BOE 2/10/15. 30,000 A8** Expansion of Signing Incentives Expand signing incentives to Special Education and Foreign Language areas; approved by BOE 2/10/15. 14,200 A9 Movement of Enhanced Roles from Charter System Funds The cost of enhanced roles piloted in FY15 is being moved to the General Fund because the pilot has been successful. 155,000 A10 Middle Years Program (MYP) Coordinator at Marietta High School Part-time coordinator for the MYP program at Marietta High School due to growth in the program. 45,000 A11 Reduction of .5 Allotment at MHS Offset for .5 MYP Coordinator at MHS. (41,000)
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ITEM # GENERAL FUND - PROPOSED ADDITIONS (cont'd) NOTES
AMOUNT ($)
A12 Addition of Clerical Support Addition of .5 clerical positions to assist with records processing at high mobility schools. 97,800 A13 Reduction of two Paraprofessional Positions Reduction of two paraprofessional positions to offset the addition of clerical support at high mobility schools. (101,750) A14 Increase Work Days for MHS IB Coordinator Restoration of work days that had been reduced in prior year budgets. 4,300 A15 Competitively Adjust MHS Clerical Allotment Move allotment to exempt status for Fair Labor Standards Act (FLSA) and increase for competitive realignment. 15,210 A16 Competitively Adjust Human Resources Personnel Three positions moved to exempt status for FLSA with competitive realignment to be offset with reduction of
10,500 A17 Reduction in HR Overtime/Compensatory Time Savings as a result of movement to exempt status for FLSA. (6,000) A18 ** Graduate Marietta Success Center Consolidation of district resources within MHS; equipment costs to be taken from Charter funds; approved by BOE 2/10/15. 173,204 A19 ** Marietta High School Staff Allotments A reduction in Marietta High School staff allotments to offset the cost of Graduate Marietta Success Center; approved by BOE 2/10/15. (165,438) Subtotal of Human Resources Budget Increase 5,546,329
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ITEM # GENERAL FUND - PROPOSED ADDITIONS (cont'd) NOTES
AMOUNT ($)
B Operations B1 Increase to School Nurse Contract Proposed increase to contract with Cobb Douglas Board of Health for nursing services; current contract $448,678; proposed FY2016 contract $478,036. 29,358 B2 Ombudsman Contract Renegotiation resulted in a reduction to the annual contract amount. (60,000) B3 Performance Evaluation Physicals for Transportation Employees Initial cost for occupational physical evaluation for drivers;
costs; frequency of evaluations is dependent upon success of program. 12,000 NET PROPOSED EXPENDITURE INCREASE AS OF 5/12/2015 5,527,687
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Projected FY16 General Fund Revenue $88,697,555 Approved FY15 Expenditure Budget $85,119,976 Less: Net Change in Interfund Transfers (217,838) FY15 Items Not Continued in FY16 (152,208) Plus: Proposed Expenditure Increase (as noted above) 5,527,687 Proposed FY16 Expenditure Budget $90,277,617 Proposed Use of Fund Balance ($1,580,062)
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FY2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 ACTUAL ACTUAL ACTUAL ACTUAL BUDGET PROPOSED % Total REVENUES LOCAL TAXES 44,779,086.24- 43,467,833.72- 45,957,678.22- 44,381,577.00- 45,596,302.00- 47,033,483.00- 53.0% STATE QBE REVENUE 29,299,826.00- 29,735,844.20- 31,076,365.20- 34,977,571.00- 36,671,618.00- 38,635,375.00- 43.6% OTHER LOCAL REVENUE 1,380,773.39- 1,356,944.54- 1,245,066.04- 1,718,714.00- 1,111,740.00- 2,303,697.00- 2.6% STATE/FEDERAL GRANTS (incl. ARRA) 2,457,114.35- 681,204.62- 703,294.38- 1,613,286.00- 737,000.00- 725,000.00- 0.8% TOTAL REVENUES 77,916,799.98- 75,241,827.08- 78,982,403.84- 82,691,148.00- 84,116,660.00- 88,697,555.00- UNDESIGNATED RESERVE APPROPRIATION 1,003,316.00- 1,580,062.00- TOTAL REVENUES 77,916,799.98- 75,241,827.08- 78,982,403.84- 82,691,148.00- 85,119,976.00- 90,277,617.00- EXPENDITURES INSTRUCTIONAL PROGRAM 50,365,289.22 49,244,856.16 51,423,900.56 52,249,767.00 56,438,389.00 60,403,765.00 66.9% STUDENT SUPPORT 3,291,173.03 3,421,980.65 3,476,688.56 3,617,414.00 3,804,148.00 4,486,706.00 5.0% IMPROVEMENT OF INSTRUCT. SERVICES 1,328,420.58 1,484,400.53 1,732,074.33 2,354,157.00 3,086,928.00 3,252,252.00 3.6% MEDIA SERVICES 1,288,753.91 1,355,402.01 1,316,028.75 1,250,465.00 1,422,371.00 1,517,506.00 1.7% GENERAL ADMINISTRATION 1,133,295.42 1,154,418.54 1,085,387.92 1,196,530.00 1,180,232.00 1,207,093.00 1.3% SCHOOL ADMINISTRATION 5,036,301.26 5,149,309.82 5,295,902.37 5,381,986.00 5,632,850.00 5,938,574.00 6.6% BUSINESS SERVICES 564,762.66 586,495.79 541,633.76 567,665.00 713,579.00 672,423.00 0.7% MAINTENANCE & OPERATIONS 6,606,075.66 6,177,422.67 6,004,857.28 6,494,383.00 6,511,921.00 6,622,378.00 7.3% STUDENT TRANSPORTATION 3,606,535.28 3,771,214.31 3,954,711.97 4,199,424.00 4,477,767.00 4,546,604.00 5.0% CENTRAL SUPPORT SERVICES 612,535.42 668,835.78 676,611.52 690,702.00 840,325.00 836,688.00 0.9% OTHER SUPPORT SERVICES 2,142.00 8,678.29 13,870.94
54,802.00 .00 .00
0.0% TRANSFERS TO OTHER FUNDS 777,124.00 2,218,812.53 3,460,735.88 8,295,959.00 1,011,466.00 793,628.00 0.9% TOTAL EXPENDITURES 74,612,408.44 75,241,827.08 78,982,403.84 86,353,254.00 85,119,976.00 90,277,617.00 REVENUE OVER-/UNDER EXPENDITURES 3,304,391.54- .00 .00 3,662,106.00 .00 .00 BEGINNING UNDESIGNATED FUND BALANCE & ADJUSTMENTS 14,265,618.49- 17,570,010.03- 17,570,010.03- 17,570,010.03- 13,907,904.03- 13,907,904.03- ENDING UNDESIGNATED FUND BALANCE 17,570,010.03- 17,570,010.03- 17,570,010.03- 13,907,904.03- 12,904,588.03- 12,327,842.03-
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PROPOSED BUDGET ESTIMATED REVENUES LOCAL TAXES $47,033,483 STATE QBE REVENUE 38,635,375 OTHER LOCAL REVENUE 2,303,697 STATE/FEDERAL GRANTS 725,000 TOTAL REVENUES $88,697,555 UNDESIGNATED RESERVE APPROPRIATION 1,580,062 TOTAL REVENUES $90,277,617 ESTIMATED EXPENDITURES INSTRUCTIONAL PROGRAM $60,403,765 STUDENT SUPPORT 4,486,706 IMPROVEMENT OF INSTRUCT. SERVICES 3,252,252 MEDIA SERVICES 1,517,506 GENERAL ADMINISTRATION 1,207,093 SCHOOL ADMINISTRATION 5,938,574 BUSINESS SERVICES 672,423 MAINTENANCE & OPERATIONS 6,622,378 STUDENT TRANSPORTATION 4,546,604 CENTRAL SUPPORT SERVICES 836,688 TRANSFERS TO OTHER FUNDS 793,628 TOTAL EXPENDITURES 90,277,617 $ BEGINNING UNDESIGNATED FUND BALANCE AT JULY 1, 2015 $13,907,904 ENDING UNDESIGNATED FUND BALANCE AT JUNE 30, 2016 $12,327,842 Citizens desiring to make comments concerning the fiscal year 2016 budget shall appear before the June 16, 2015 Board of Education meeting at 6:30 p.m. at Marietta Board of Education, 250 Howard Street, Marietta, Georgia, for the expression of such comments. MARIETTA CITY SCHOOLS GENERAL FUND BUDGET FISCAL YEAR ENDING JUNE 30, 2016
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