Oak Park and River Forest High School District 200 201 North - PDF document

Oak Park and River Forest High School District 200 201 North Scoville Avenue  Oak Park, IL 60302-2296 TO: Board of Education FROM: Tod Altenburg, Chief School Business Official and the Finance Committee DATE: September 24, 2015 RE: FY 2016 Proposed Budget BACKGROUND: This report was presented to the Finance Committee at the September 17, 2015 meeting at which time the vote was 3-0 to recommend the Board of Education approve this item as presented at the September 24, 2015 meeting. The Fiscal Year 2016 Proposed Budget was presented at the August 18, 2015 Finance Committee meeting and was approved by the Board of Education during a Special Board Meeting on August 18, 2015 to be placed on display for 30 days for public inspection and to set the date of the required public hearing. SUMMARY OF FINDINGS: There have been two changes to the budget since the FY 2016 Proposed Budget was presented on August 18, 2015 to the Finance Committee. Both of the changes appear in the Educational Fund: Revenue The state has currently begun making General State Aid payments at a 92% proration level rather than the historical 89% proration level. This upward adjustment has been reflected in the FY 2016 Proposed Budget. General State Aid is now listed as $1,366,919 rather than our estimated amount of $1,390,536. Even though we have used the 92% proration level, it is still a decrease from the prior year of $23,617 or 1.7%. Expenditures The state has not made any final decisions on the funding of the ACT Test. At this point, Amy Hill and I are operating under the assumption that we will administer the ACT Test on March 15, 2016 regardless of the state’s decision. The cost of the test is $56.50 per student; there are currently 819 students in the junior class. With wiggle room for students transferring in, a budget to test 830 kids would be $46,895. Therefore, we have rounded up and placed $47,000 in the Education Fund for this expenditure. RECOMMENDATION: MOTION: To approve the FY 2016 Budget as presented. TEL: (708) 383-0700 WEB: www.oprfhs.org TTY/TDD: (708) 524-5500 FAX: (708) 434-3910

OAK PARK RIVER FOREST HIGH SCHOOL DISTRICT 200 2015 - 2016 Proposed Budget September 2015 FY 16 FY16 EDUCATION BOOKSTORE FOOD SERVICE OP. & MAINT. TORT TRANSP. IMRF WORKING BOND & INT. CAPITAL PROJ. LIFE SAFETY PROPOSED TENTATIVE $ % FUND FUND FUND FUND FUND FUND FUND CASH FUND FUND FUND FUND BUDGET BUDGET Change Change Receipts Property Taxes 40,393,581 - - 7,365,845 1,166,497 794,557 2,189,008 676,419 - - 891,034 53,476,941 53,476,941 Other Local Sources 2,317,044 1,045,000 2,104,820 1,246,000 15,000 15,000 131,900 25,000 3,000 270,000 4,000 7,176,764 7,176,764 State Sources 3,187,859 - 4,473 - - 870,000 - - - - - 4,062,332 4,085,949 Federal Sources 2,050,854 - 224,344 - - - - - - - - 2,275,198 2,275,198 Total Receipts 47,949,338 1,045,000 2,333,637 8,611,845 1,181,497 1,679,557 2,320,908 701,419 3,000 270,000 895,034 66,991,235 67,014,852 (23,617) -0.04% Expenditures General Instruction 27,200,331 1,495,974 - - - - 530,475 - - - - 29,226,780 29,226,780 Special Education 6,696,260 - - - - - 330,403 - - - - 7,026,663 7,026,663 Vocational Programs 316,902 - - - - - 17,921 - - - - 334,823 334,823 Interscholastic Programs 2,504,392 - - - - - 140,004 - - - - 2,644,396 2,644,396 Summer School 297,215 - - - - - 11,278 - - - - 308,493 308,493 Drivers Education 811,097 - - - - - 9,850 - - - - 820,947 820,947 Other Instructional 4,663,466 - - - - - 12,738 - - - - 4,676,204 4,676,204 Support Srvs. - Pupil 8,743,088 - - - - 1,973,248 479,428 - - - - 11,195,764 11,148,764 Support Srvs. - Admin. 5,638,964 - 2,438,699 6,032,398 878,516 - 1,084,503 - - - - 16,073,080 16,073,080 Construction - - - - - - - - - 5,090,483 30,000 5,120,483 5,120,483 Debt Service - - - - - - - - 2,533,731 - - 2,533,731 2,533,731 Total Expenditures 56,871,715 1,495,974 2,438,699 6,032,398 878,516 1,973,248 2,616,600 - 2,533,731 5,090,483 30,000 79,961,364 79,914,364 47,000 0.06% Sources of Funds - - - - - - - - 2,565,785 4,820,483 - 7,386,268 7,877,535 Uses of Funds - - - (4,820,483) - - - (2,565,785) - - - (7,386,268) (7,877,535) Change in Fund Balance (8,922,377) (450,974) (105,062) (2,241,036) 302,981 (293,691) (295,692) (1,864,366) 35,054 - 865,034 (12,970,129) (12,899,512) Beginning Balance (unaudited) 87,455,226 862,275 311,745 2,353,722 3,880,460 3,566,532 3,144,020 6,725,535 317,843 1,404,384 529,484 110,551,226 110,551,226 Est. Ending Balance 78,532,849 411,301 206,683 112,686 4,183,441 3,272,841 2,848,328 4,861,169 352,897 1,404,384 1,394,518 97,581,097 97,651,714

OAK PARK RIVER FOREST HIGH SCHOOL DISTRICT 200 2015 - 2016 Proposed Budget September 2015 Education Fund Amended Proposed Budget Budget Difference Difference 2014 - 2015 2015 - 2016 Amount Percent Receipts Property Taxes 36,430,721 40,393,581 3,962,860 10.88% Other Local Sources 2,037,849 2,317,044 279,195 13.70% State Sources 3,228,594 3,192,332 (36,262) -1.12% Federal Sources 2,121,938 2,050,854 (71,084) -3.35% 43,819,102 47,953,811 4,134,709 9.44% Expenditures General Instruction 26,535,417 27,200,331 664,914 2.51% Special Education 6,190,551 6,696,260 505,709 8.17% Vocational Programs 261,798 316,902 55,104 21.05% Interscholastic Programs 2,468,248 2,504,392 36,144 1.46% Summer School 308,460 297,215 (11,245) -3.65% Drivers Education 777,716 811,097 33,381 4.29% Other Instructional 4,967,376 4,663,466 (303,910) -6.12% Support Srvs. - Pupil 7,839,805 8,743,088 903,283 11.52% Support Srvs. - Admin. 5,698,208 5,659,464 (38,744) -0.68% 55,047,579 56,892,215 1,844,636 3.35% Change in Fund Balance (11,228,477) (8,938,404) Beginning Balance (audited) 93,984,840 82,756,363 Ending Balance 82,756,363 73,817,959

OAK PARK RIVER FOREST HIGH SCHOOL DISTRICT 200 2015 - 2016 Proposed Budget September 2015 Bookstore Fund Amended Proposed Budget Budget Difference Difference 2014 - 2015 2015 - 2016 Amount Percent Receipts Other Local Sources 1,006,000 1,045,000 39,000 3.88% 1,006,000 1,045,000 39,000 Expenditures General Instruction 1,213,978 1,495,974 281,996 23.23% 1,213,978 1,495,974 281,996 Change in Fund Balance (207,978) (450,974) Beginning Balance (audited) 1,070,253 862,275 Ending Balance 862,275 411,301 Food Service Fund Amended Proposed Budget Budget Difference Difference 2014 - 2015 2015 - 2016 Amount Percent Receipts Other Local Sources 2,122,620 2,104,820 (17,800) -0.84% State Sources 4,000 4,473 473 11.83% Federal Sources 229,282 224,344 (4,938) -2.15% 2,355,902 2,333,637 (22,265) -0.95% Expenditures Support Srvs. - Admin. 2,502,244 2,438,699 (63,545) -2.54% 2,502,244 2,438,699 (63,545) -2.54% Change in Fund Balance (146,342) (105,062) Beginning Balance (audited) 458,087 311,745 Ending Balance 311,745 206,683

OAK PARK RIVER FOREST HIGH SCHOOL DISTRICT 200 2015 - 2016 Proposed Budget September 2015 Operations and Maintenance Fund Amended Proposed Budget Budget Difference Difference 2014 - 2015 2015 - 2016 Amount Percent Receipts Property Taxes 6,533,836 7,365,845 832,009 12.73% Other Local Sources 1,373,000 1,246,000 (127,000) -9.25% State Sources 20,000 - (20,000) -100.00% 7,926,836 8,611,845 685,009 8.64% Expenditures Support Srvs. - Admin. 6,122,664 6,032,398 (90,266) -1.47% 6,122,664 6,032,398 (90,266) -1.47% Uses of Funds (5,348,430) (4,820,483) 527,947 -9.87% (5,348,430) (4,820,483) 527,947 -9.87% Change in Fund Balance (3,544,258) (2,241,036) Beginning Balance (audited) 5,897,980 2,353,722 Ending Balance 2,353,722 112,686 Tort Immunity Fund Amended Proposed Budget Budget Difference Difference 2014 - 2015 2015 - 2016 Amount Percent Receipts Property Taxes 1,084,417 1,166,497 82,080 7.57% Other Local Sources 7,000 15,000 8,000 114.29% 1,091,417 1,181,497 90,080 8.25% Expenditures Support Srvs. - Admin. 803,140 878,516 75,376 9.39% 803,140 878,516 75,376 9.39% Change in Fund Balance 288,277 302,981 Beginning Balance (audited) 3,592,183 3,880,460 Ending Balance 3,880,460 4,183,441

OAK PARK RIVER FOREST HIGH SCHOOL DISTRICT 200 2015 - 2016 Proposed Budget September 2015 Working Cash Fund Amended Proposed Budget Budget Difference Difference 2014 - 2015 2015 - 2016 Amount Percent Receipts Property Taxes 654,143 676,419 22,276 3.41% Other Local Sources 18,500 25,000 6,500 35.14% 672,643 701,419 28,776 4.28% Uses of Funds (2,529,105) (2,565,785) (36,680) 1.45% Change in Fund Balance (1,856,462) (1,864,366) Beginning Balance (audited) 8,581,997 6,725,535 Ending Balance 6,725,535 4,861,169 Bond and Interest Fund Amended Proposed Budget Budget Difference Difference 2014 - 2015 2015 - 2016 Amount Percent Receipts Other Local Sources 1,000 3,000 2,000 200.00% 1,000 3,000 2,000 200.00% Expenditures Debt Service 2,499,946 2,533,731 33,785 1.35% 2,499,946 2,533,731 33,785 1.35% Sources of Funds 2,529,105 2,565,785 36,680 1.45% Change in Fund Balance 30,159 35,054 Beginning Balance (audited) 287,684 317,843 Ending Balance 317,843 352,897