1 SOUTH WHIDBEY SCHOOL DISTRICT NO. 206 Revenue June 13, 2018 Disclaimer - Estimates are considered accurate based on data as of the date of publication. Final adjustments/modifications may be made up to the board certification date (July 25 th , 2018).
2 Clarifications from last weeks’ discussion? FAQ answers on website https://www.sw.wednet.edu
3 Indicators of School District’s Financial Health
4 School District Financial Health Indicators Financial Health Indicators/Weighted Value Fund Balance to Revenue 45% Expenditures to Revenue 40% Days Cash on Hand 15%
5 Expenditures to Revenue Ratio This indicator measures how much is spent of every dollar that is brought in. This only measures total expenditures and does not include Other Financing Uses. Revenue does include Other Financing Sources. Ratio less than 100% (i.e. spends less than $1 for 4 points every $1 brought in) 100% - 102% (up to $1.02 spent per $1.00 brought in) 3 points 102% - 105% (up to $1.05 spent per $1.00 brought in) 2 points 105% - 110% (up to $1.10 spent per $1.00 brought in) 1 point Over 110% (overspends more than 10% of its 0 points revenues) Fund Balance to Revenue Ratio This indicator measures how much of a district's annual revenues it has in its ending fund balance. This includes only "Unrestricted" amounts (Committed, Assigned, Unassigned) - amounts that the district can exercise discretion on how they can be spent. The five levels in this indicator are: Any negative fund balance 0 points 0% - 2% fund balance 1 point >2% - 6% 2 points >6% - 12.5% 3 points Over 12.5% 4 points Days Cash on Hand 0-30 days on hand 0 points 30 days - 48.68 days 1 point 48.68 days - 60 days (2 months' expenditures) 2 points 60 days - 90 days (3 months' expenditures) 3 points Over 90 days 4 points "State average" was used to provide for a fifth level. This equated to 48.68 days for SY 16-17.
6 Matrix of Possible Scores Category/Weighting 4 3 2 1 0 Fund Balance to Revenue Ratio/45% 1.80 1.35 0.90 0.45 0.00 Expenditures: Revenues/40% 1.60 1.20 0.80 0.40 0.00 Days Cash on Hand/15% 0.60 0.45 0.30 0.15 0.00
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8 Fund Types • General Fund • Capital Projects Fund • Debt Service Fund • Associated Student Body Fund • Transportation Vehicle Fund
9 Categorical Funding • Categorical funding is defined as “ state or federal aid intended to provide financial support for specific educational programs, operational functions or financial activities”. Basically, funding for these programs must be spent in these programs or the funding is returned to the state or federal agency. Examples of categorical funding: • Special Education – State & Federal • Vocational Education • Learning Assistance Program • Highly Capable • Transitional Bilingual • All Federal Programs • Food Service • Pupil Transportation
10 Student Enrollment Drives Funding
11 Enrollment – Monthly Count
5 Year Enrollment Projection
13 Executive Summary – Enrollment (for funding calculation) BASIC EDUCATION - fte SPECIAL EDUCATION – fte RUNNING START – fte VOCATIONAL – fte BILINGUAL – fte
Enrollment Projections May 2018 Apportionment 2019-20 2020-21 Revenue Account (17-18 Average) 2018-19 1,310.87 1,296.10 1,292.10 1,280.80 Basic Ed Students K-12 3.43 3.00 2.99 2.96 Students Running Start (CTE) 28.47 30.00 29.91 29.65 Students Running Start (Non-CTE) 1,342.77 1,329.10 1,325.00 1,313.41 BEA Enrollment - District Estimate 8.75 8.00 7.98 7.96 Special Ed Students (3-PreK) Sped (K-21) 13.5% Max Funded 184.17 182.40 181.85 180.28 382.88 372.47 366.43 365.30 Students (LAP) *Calculation 8.38 7.25 7.23 7.17 Students (TBIP) 67.14 66.46 66.25 65.67 Students (HiCap) *Calculation 74.90 75.00 74.80 74.10 Students (CTE) 1,351.99 1,351.00 1,329.10 1,325.00 Prior Yr FTE - LAP
15 State Determined Budget Drivers CURRENT Conference FUNDING Budget DECEMBER 2017 ESSB 6032 Fringe Benefits in Percent Certificated Maintenance 23.49% 23.65% Classified Maintenance 24.60% 24.67% Certificated Increase 22.85% 23.01% Classified Increase 21.10% 21.17% Employer Rates TRS 15.20% 15.36% PERS 12.70% 12.77% SERS 13.48% 13.55% Base Rate for Insurance Benefit Allocation $ 820.00 $ 843.97 Retiree Subsidy $ 64.07 $ 71.08 Funded Salaries CIS Salary Allocation (staff mix eliminated) n/a $ 65,216 CLS Minimum Base Salary $ 34,180 $ 46,784 Administrative Minimum Salary $ 62,199 $ 96,805 CIS Professional Development (State Allocated Units Only) 0 1 day
16 Budget Drivers - MSOC MSOC (Maintenance, Supplies, and Operating Costs allocated as dollars per student) Total MSOC per student FTE $ 1,244.16 $ 1,267.80 Technology $ 130.76 $ 133.24 Utilities and Insurance $ 355.30 $ 362.05 Curriculum and Textbooks $ 140.39 $ 143.06 Other Supplies and $ 298.05 $ 303.71 Library Materials Instructional Professional Development for Certificated $ 21.71 $ 22.12 and Classified Staff* Facilities Maintenance $ 176.01 $ 179.36 Security and Central Office $ 121.94 $ 124.26 MSOC Grades 9-12 Increase Total MSOC per student FTE $ 170.91 $ 174.16 Technology $ 37.60 $ 38.31 Utilities and Insurance * * Curriculum and Textbooks $ 41.02 $ 41.80 Other Supplies and $ 85.46 $ 87.08 Library Materials Instructional Professional Development for Certificated $ 6.83 $ 6.97 and Classified Staff
17 Does MSOC funding cover expenses? • Utilities/Insurance - $362.05 per student FTE
18 OSPI Employee Classifications CIS – Certificated Instructional Staff CLS – Classified Staff CAS – Certificated Administrative Staff
19 Funding Allocation – Basic Education • Salary Allocation Model (SAM) – State salary table based on Education and Experience. • Provided a Mix Factor ratio (1.000 to 1.885) which increased the Base Salary ($36,521). • Base Salary ($36,521) times Mix Factor (1.666) determined district’s CIS allocation ($60,844). • No longer exists …. Now average state allocation
20 State Funding Rates per Staff FTE 2017-18 2018-19* Certificated** 61,924 65,216 Classified 34,591 46,784 Administrative 62,981 96,805 * Based on 1.9% Increase State **17-18 with Mix Factor Average
21 Regionalization • Adjustments for regional differences in the cost of hiring staff. • “Regionalization factors are based on the median single - family residential value of each school district and proximate school district median single-family residential value” • “Proximate to the school district” Means within fifteen (15) miles of the boundary of the school district for which the median residential value is being calculated”. Source: HB 2242
22 As Passed Legislature LEAP Document 3 Date: June 22, 2017 Time: 01:14 hours Regionalization Factors for K-12 Compensation 2018-19 2019-20 2020-21 2021-22 2022-23 School District 15 201 Oak Harbor 1.12 1.12 1.12 1.12 1.12 15 204 Coupeville 1.12 1.12 1.12 1.12 1.12 15 206 South Whidbey 1.24 1.24 1.22 1.20 1.18 17 400 Mercer Island 1.18 1.18 1.18 1.18 1.18 17 402 Vashon Island 1.12 1.12 1.12 1.12 1.12 17 405 Bellevue 1.18 1.18 1.18 1.18 1.18 28 010 Shaw Island 1.12 1.12 1.12 1.12 1.12 28 137 Orcas Island 1.12 1.12 1.12 1.12 1.12 28 144 Lopez Island 1.12 1.12 1.12 1.12 1.12 28 149 San Juan Island 1.12 1.12 1.12 1.12 1.12 29 103 Anacortes 1.12 1.12 1.12 1.12 1.12 31 002 Everett 1.24 1.24 1.22 1.20 1.18 31 004 Lake Stevens 1.24 1.24 1.22 1.20 1.18 31 006 Mukilteo 1.24 1.24 1.22 1.20 1.18 31 015 Edmonds 1.18 1.18 1.18 1.18 1.18
Implicit Price Deflator (IPD) • The Implicit Price Deflator (IPD) applies to salary allocations, minimum and maximum base salaries, and National Board Bonuses. • Those factors are as follows for SY 2018-19 it is 1.9%; for SY 2019-20 it is 1.9%; and for 2020-21 it is 2.0%. • Sources: • For CY 2017, because there are actuals: BLS CPI Historical Table – Seattle-Tacoma-Bellevue, WA https://www.bls.gov/regions/west/subjects.htm#tab-1
24 South Whidbey Funding Allocation per funded fte State Funding Allocation Avg State With 24% 1.9% IPD 2018-19 Allocation Regionalization Adjusted CIS 64,000 65,216 80,868 CAS 95,000 96,805 120,038 CLS** 45,912 46,784 58,013
Regionalization declines over time • Regionalization decreases by 2% per year after 2019-20 for CIS, CLS & CAS. 2019-20 2020-21 Description 2018-19 2021-22 2022-23 Regionalization - CIS 1,496,245 1,774,456 1,645,436 1,511,218 1,377,068 Regionalization - CIS 24% 24% 22% 20% 18%
26 Sample CLS Funding over time
27 Sample CAS Funding per FTE 2018-19 2019-20 2020-21 2021-22 2022-23 95,000.00 96,805.00 98,644.30 100,617.19 102,629.53 CAS BASE 1,805.00 1,839.30 1,972.89 2,012.34 2,052.59 CAS INCREASE 96,805.00 98,644.30 100,617.19 102,629.53 104,682.12 23,233.20 23,674.63 22,135.78 20,525.91 18,842.78 CAS Regionalization 120,038.20 122,318.93 122,752.97 123,155.44 123,524.90 CAS
28 CIS Regionalization & Experience Funding
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