Northern Bedford County School District Preliminary Budget - PowerPoint PPT Presentation

Northern Bedford County School District Preliminary Budget Presentation May 2, 2018 Budget Committee Randy Wiand, Ex Officio Steve Cottle Mike Miller Ralph Scott

Items Changed from last Budget Committee that will require board approvals • Eliminate admission fees, for boys/girls soccer, softball, baseball and track, unless in the stadium with lights • The parking fee is to remain. • Restore the ability for resident senior citizens, 65 and older, as a $20 annual pass. • Continue to stream the football games. 2

Change in Real Estate Revenues • Assessed Value – March 2018 $397,740,470 • Assessed Value – April 2018 $399,314,730 • Change in Assessed Value $1,574,260 • Increase in Revenue $22,988 • Homestead/Farmstead Relief will be $171.11 per qualified parcel – this will be on as a motion in June 3

Reduction of Act 1 Projections on 2018/19 Health Care Rates • Rate increase changed from 2.75% to .24% • Impact to GF Budgetary Savings ‐‐ $33,935 4

2018/19 BUDGET REVISION COMPARISONS VARIANCE 2018/19 REV 2 2018/19 REV 3 REV 3 AND REVENUES BUDGET BUDGET REV 2 6000Local Funds $4,099,491 $4,122,479 $22,988 7000State Funds $9,147,363 $9,147,363 $0 8000Federal Funds $344,851 $344,851 $0 Total $13,591,705 $13,614,693 $22,988 EXPENDITURES BY TOTAL OBJECT 100 Personnel and Salaries $5,914,095 $5,914,095 $0 Personnel Services - Employee 200 Benefits $4,390,406 $4,356,471 $33,935 Purchased Professional Technical $0 300 Services $527,393 $527,393 400 Purchased Property Services $113,980 $113,980 $0 500 Other Purchased Services $1,279,945 $1,279,945 $0 600 Supplies $748,898 $748,898 $0 700 Property $57,613 $57,613 $0 800 Other Objects $221,485 $221,485 $0 900 Other Financing and Transfers $579,244 $579,244 $0 Total $13,833,059 $13,799,124 $33,935 Deficit -$241,353 -$184,431 $56,923 300-900 OBJECTS $3,528,558 $3,528,558 $0

PDE 2028 AND FUND BALANCE DESIGNATIONS • In May the 2028 will be distributed to the board. This is the budget document that will be posted on the website and in office for public review • Designations of Committed Fund Balance to be approved in June: – Capital Projects $675,000 (increased $375,000) – Technology $250,000 (increased $150,000) – Accumulated Absences $375,000 – Total $1,300,000 – These designations must be approved in June with the adoption of the budget. They can be changed by board motion at any time. • Designation of Assigned Fund Balance: – PSER Stabilization Fund $1,421,874 • Total Designations $2,721,874 6

2018/19 Proposed General Fund Budget … At A Glance 6/17 Revenues Expenditures 6000‐Local $4,122,479 100 – Personnel $5,914,095 7000‐State $9,147,363 200 – Benefits $4,356,471 8000‐Federal $ 344,851 300 – Professional Other $527,393 400 – Purchased Property $113,980 500 – Other Purchased Services $1,279,945 600 – Supplies $748,898 700 – Property & Equipment $57,613 800 – Dues & Fees $221,485 900 – Debt and Transfers $579,244 Total $13,614,693 Total $13,799,124 Deficit ‐$184,431 7

2018/19 HIGHLIGHTED EXPENDITURES PERSONNEL Cost Traversa Transportation Software $6,500 F250 Truck $32,047 Canvas $5,000 Apple TV Device $150 Faculty Computers/Whiteboard Film/ Mimeo Teaches $48,700 Software for Spanish Curriculum $96 IPADS for Classroom Centers $4,000 Technology STEM items for Elementary Computers $599 AED (Replacements 2) $3,600 Boreal Advanced Compound Microscope $898 1:1 MS Lease $19,400 1:1 HS $20,000 Two Additional Extended Contract Days – Emily Swanseen $558 Wilson Reading and Professional Ed for 3 staff members $6,528 Additional Drayer Cost for Contract Renewal for 2018/19 ($26,000 annual cost) $11,000 Radio for Superintendent Office to link us to Southern Cove, Bedford EMA and Police $1,000 8

2018/19 BUDGET COMPARISON AT A GLANCE 18/19 vs REVENUES 2018/19 Budget 2017/18 Budget 17/18 Variance 6000Local Funds $4,122,479 $4,100,678 $21,801 7000State Funds $9,147,363 $9,016,058 $131,305 8000Federal Funds $344,851 $295,201 $49,650 Total $13,614,693 $13,411,937 $202,756 2018/19 18/19 vs 17/18 EXPENDITURES BY TOTAL OBJECT Budget 2017/18 Budget Variance 100 Personnel and Salaries $5,914,095 $5,839,721 $74,374 200 Personnel Services - Employee Benefits $4,356,471 $4,319,162 $37,309 300 Purchased Professional Technical Services $527,393 $398,829 $128,564 400 Purchased Property Services $113,980 $279,505 -$165,525 500 Other Purchased Services $1,279,945 $1,368,505 -$88,561 600 Supplies $748,898 $589,528 $159,370 700 Property $57,613 $80,025 -$22,412 800 Other Objects $221,485 $227,312 -$5,828 900 Other Financing and Transfers $579,244 $490,038 $89,206 Total $13,799,124 $13,592,626 $206,497 Deficit -$184,431 -$180,689 $3,742 300-900 OBJECTS $3,528,558 $3,433,742 $94,816

Charter School Tuition Calculation 2017/18 REGULAR SE TOTAL EST 17/18 CHARTER SCHOOL ON BUDGETED $11,138.37 $21,155.00 $224,910.76 16/17 DATA CHARTER SCHOOL TUITION TOTAL EST 17/18 CHARTER SCHOOL ON ACTUAL 16/17 $10,930.67 $19,592.91 $216,627.80 DATA CHARTER SCHOOL TUITION $207.70 $1,562.09 $8,282.96DIFFERENCE THIS WILL MAKE THE 2017/18 ACTUAL EXCEED WHAT WAS BUDGETED EVEN WITH CHANGES IN EDGENUITY BEING IMPLEMENTED UP UNTIL 2010/11 WE DID RECEIVE SOME REIMBURSEMENT FROM THE STATE BASED ON 2009/10 AFR DATA IN THE AMOUNT OF $50,846 FOR 2009/10 CHARTER SCHOOL TUITION RATE HISTORY FOR NORTHERN BEDFORD COUNTY SCHOOL DISTRICT SPECIAL REGULAR % ED % # SCHOOL YEAR BASIS YEAR BASIS REGULAR SPECIAL ED CHANGE CHANGE STUDENTS Year End SPECIAL Total REGULAR* ED* 2013/14 2012/13 2012/13 AFR $8,043.82 $15,559.41 23** $234,268 2014/15 2013/14 2013/14 AFR $8,055.61 $15,299.61 0.15% ‐1.70% 20** $168,680 2015/16 2014/15 2014/15 AFR $9,147.70 $16,944.00 11.94% 9.70% 12** $146,241 2016/17 2015/16 2015/16 AFR $9,396.88 $16,868.99 2.65% ‐0.44% 16 4 $174,439 2017/18 2016/17 2016/17 BUDGET $11,138.37 $21,155.00 15.64% 20.26% 17 4 $225,181 10

2018/19 Proposed Food Service Budget … At A Glance Revenues Expenditures 6/17 6000‐Local $208,787 100 – Personnel $202,052 Transfer from General Fund $75,000 7000‐State $20,853 200 – Benefits $172,812 8000‐Federal $263,099 300 – Professional Other $0 400 – Purchased Property $5,000 500 – Other Purchased Services $0 600 – Supplies $171,756 700 – Property & Equipment $269 800 – Dues & Fees $3,176 900 – Debt $0 Total $567,738 Total $555,065 11 Surplus $12,673 – Includes transfer from General Fund of $75,000

What this means for NBC lunch prices? Elementary Middle/High A) Federal Reimbursement for Free $3.23 $3.23 Meals B) Federal Reimbursement for Paid $.31 $.31 Meals C) Equitable Meal Price Target (B‐A) $2.92 $2.92 Current Meal Price $2.15 $2.25 2018/2019 Meal Price to comply $2.25 $2.35

2018/19 Student Lunch Prices Student Prices for 2018/19 • Breakfast price district wide ‐ $1.10 • Elementary Lunch ‐ $2.25 • Middle/High School Lunch ‐ $2.35 • aLAcarte’ Pricing will need increased to match mark up required Adult Prices for 2018/19 • Adult breakfast ‐ $1.60 • Adult lunch ‐ $3.50