General Fund Budget Fiscal Year 2017 1 May 10, 2016 Board Meeting FY2017 General Fund Budget Preparation 5/10/2016
Agenda 2 • Budget Preparation - Key Dates • FY2017 Projected General Fund Revenue • FY2017 Expenditure Budget Proposal • FY2017 Budget Proposal Summary • FY2017 General Fund Budget Advertisement • Questions and Comments FY2017 General Fund Budget Preparation 5/10/2016
Budget Preparation – Key Dates 3 • FEBRUARY/MARCH, 2016 Cabinet discussion of budget items and pending legislation • MARCH 5, 2016 Financial overview at the annual Board retreat • MARCH 15, 2016 First budget presentation to the Board • APRIL 19, 2016 Budget work session with Board • MAY 6, 2016 Budget work session with Board • MAY 10, 2016 Administration’s budget recommendation to the Board • MAY 17, 2016 The Board’s tentative adoption of FY2017 budget • JUNE 7, 2016 Budget advertised in the legal organ • JUNE 21, 2016 Public hearing and adoption of the FY2017 General Fund Budget FY2017 General Fund Budget Preparation 5/10/2016
FY2017 Projected General Fund Revenue 4 LOCAL TAX REVENUE PROJECTED COMMENT Projected increase in real property digest of 5%, overall expected Ad Valorem Tax Revenue: Property Taxes, Motor Vehicle increase of 4% due to 2% increase in exemptions; decrease in TAVT Taxes, Title Ad Valorem Tax (TAVT) 46,645,890 distribution and millage rate unchanged at 17.97. Other Taxes (RETT, Excise, Intangible) 1,400,000 Excise taxes and real estate transactions. Total Local Tax Revenue 48,045,890 53% of Total Revenue STATE REVENUE PROJECTED COMMENT Expected State funding under QBE formula based upon FTE and CPI reporting 39,202,299 Projected State revenue with estimated growth of 125 students. The FY17 proposed State budget reduces austerity statewide. MCS will use these funds for certified increases estimated to cost $2.2 Decrease in QBE Austerity Reduction 1,485,775 million. State Grants (CTAE, Preschool Handicapped Grant, Bonds Projection for state grants which will not be finalized until for Buses) 400,000 November, 2016. Total State Revenue 41,088,074 45% of Total Revenue OTHER REVENUE PROJECTED COMMENT Remaining Excel funds set aside for competitive compensation Transfer In of Excel Funds 1,006,000 increases. Decrease in tuition revenue, with increased investment earnings; Tuition, Local Revenue, Earnings on Investments, and E- decrease in other revenue for reduction in indirect cost from rate 1,265,000 Community Schools. Total Other Revenue 2,271,000 2% of Total Revenue FY2017 PROJECTED GENERAL FUND REVENUE 91,404,964 FY2017 General Fund Budget Preparation 5/10/2016
FY2017 Expenditure Budget Proposal 5 CURRENT ITEM DESCRIPTION AMOUNT REQUESTOR TYPE NOTES Expected growth of 250 students; additional Increase of 13.5 Certified program numbers in ESOL (+3.5), EIP (+4.5), Gifted 1 Staff for Student Growth 1,118,826 McMahon Permanent (+.5) and Other (+5). Contingency Growth of 6 Contingency budgeted but dependent upon August 2 Certified, 2 Classified Staff 565,052 McMahon Permanent enrollment numbers. New department to coordinate digital learning. This 3 Office of Digital Learning 177,700 Hibbs Permanent was approved by the BOE on 3/15/2016. Offset for movement of PLC and Ext Learning supplements from GF to Charter for innovation plus 1/2 of Testing and Evaluation Director position, Offset for Office of Digital salary and benefits. Approved by BOE on 4 Learning (152,243) Hibbs Permanent 3/15/2016. An additional mechanic in Transportation to Transportation Fleet increase total number of mechanics to four to serve 5 Mechanic 68,450 Hofstetter Permanent 118 vehicle fleet. Offset of Transportation An additional mechanic (Item 5) will reduce current 6 Overtime and Repairs (23,000) Hofstetter Permanent overtime and minimize current outsourced repairs. Reinstatement of position lost in FY11 reductions; will provide administrative help in several areas in Accounting Assistant Finance (Workers Comp, Payroll, Accounts Payable/ 7 Classified Position 57,696 Franklin Permanent Receivable, School Accounting). Offset of Contractual Current spend for contractual services in Finance for 8 Services in Finance (30,000) Franklin Permanent administrative help in several areas. TOTAL PERSONNEL GROWTH 1,782,481 Represents 35% of total increase FY2017 General Fund Budget Preparation 5/10/2016
FY2017 Expenditure Budget Proposal 6 CURRENT ITEM DESCRIPTION AMOUNT REQUESTOR TYPE NOTES An annual increase of a step plus 2.5% for certified employees. Those who do not receive a step will receive a 2.5% raise. The average raise for certified Compensation Increase for staff will be 4.1%, average raise for teachers will be 9 Certified Personnel 2,205,614 McMahon Permanent 4.2%. An annual increase of a step plus 2.5% for classified employees. Those who do not receive a step will Compensation Increase For receive a 2.5% raise. Off schedule employees will 10 Classified Personnel 381,851 McMahon Permanent receive the average classified raise. An increase is proposed for paraprofessionals who work in special education. Eleven parapros are funded by the General Fund. Due to the nature of their duties, they will be increased an additional 5%. Those paras in particularly difficult work situations Special Ed Paraprofessionals will be compensated for an additional 1/2 hour per Comp. Adjustment - General day. These positions are also included in the step 11 Fund portion 19,440 McMahon Permanent plus 2.5% increase for classified. Increase in various athletic supplements resulting from a study of supplements paid in surrounding districts; reinstatement of longevity supplement for 12 Athletic Supplements 47,000 Hibbs Permanent all athletic personnel who qualify. FY2017 General Fund Budget Preparation 5/10/2016
FY2017 Expenditure Budget Proposal 7 CURRENT ITEM DESCRIPTION AMOUNT REQUESTOR TYPE NOTES Increase in some instructional supplements based upon a study of supplements offered in surrounding districts. Also, additional days for Asst Principals to create schedules in Aspen at elementary, MSGA and 13 Instructional Supplements 33,996 Hibbs Permanent MMS. Market adjustments for selected classified positions significantly out of competitive range. These Classified Market positions are not included in the step increase (Item 14 Adjustments 45,874 McMahon Permanent 10). Employer Portion of State mandated increase for classified health 15 Classified Health 301,535 Franklin Permanent premiums paid by employers. TOTAL SALARY & BENEFIT INCREASE 3,035,310 Represents 61% of total increase CDPH seeks to increase their school nurses by one School Nurse Contract with hour each day and increase their hourly rates. Our Cobb Douglas Public Health contractual per hour cost for the school nurses is 16 (CDPH) 182,868 Drum Permanent $44.02, which is less than other outside providers. TOTAL OTHER INCREASE 182,868 Represents 4% of the proposed increase TOTAL PROPOSED INCREASE 5,000,659 FY2017 General Fund Budget Preparation 5/10/2016
FY2017 Budget Proposal Summary 8 SUMMARY OF FY2017 BUDGET PROPOSAL FY17 Projected General Fund Revenue 91,404,964 Expenditures: FY16 Approved Expenditure Budget 90,277,617 Plus: Proposed Increase 5,000,659 FY17 Proposed Expenditure Budget 95,278,276 Proposed Use of Fund Balance (3,873,312) FY2017 General Fund Budget Preparation 5/10/2016
FY2017 General Fund Budget Advertisement 9 MARIETTA CITY SCHOOLS GENERAL FUND BUDGET FISCAL YEAR ENDING JUNE 30, 2017 PROPOSED BUDGET ESTIMATED REVENUES LOCAL TAXES $48,045,890 STATE QBE REVENUE 40,688,074 OTHER LOCAL REVENUE 2,271,000 STATE/FEDERAL GRANTS 400,000 TOTAL REVENUES $91,404,964 UNDESIGNATED RESERVE APPROPRIATION 3,873,312 TOTAL REVENUES $95,278,276 ESTIMATED EXPENDITURES INSTRUCTIONAL PROGRAM $63,049,294 STUDENT SUPPORT 5,213,699 IMPROVEMENT OF INSTRUCT. SERVICES 3,893,815 MEDIA SERVICES 1,558,402 GENERAL ADMINISTRATION 1,431,939 SCHOOL ADMINISTRATION 6,209,016 BUSINESS SERVICES 742,595 MAINTENANCE & OPERATIONS 6,636,084 STUDENT TRANSPORTATION 4,854,033 CENTRAL SUPPORT SERVICES 859,739 TRANSFERS TO OTHER FUNDS 829,660 TOTAL EXPENDITURES $ 95,278,276 BEGINNING UNDESIGNATED FUND BALANCE AT JULY 1, 2016 $14,913,998 ENDING UNDESIGNATED FUND BALANCE AT JUNE 30, 2017 $11,040,686 Citizens desiring to make comments concerning the fiscal year 2017 budget shall appear before the June 21, 2016 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. FY2017 General Fund Budget Preparation 5/10/2016
Questions/Comments 10 QUESTIONS? COMMENTS? FY2017 General Fund Budget Preparation 5/10/2016
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