PROPOSED BUDGET Preston County Board of Education For the Fiscal - PowerPoint PPT Presentation

PROPOSED BUDGET Preston County Board of Education For the Fiscal Year Ending: June 30, 2021

Budget Instructions County Boards of Education The proposed budget must Each County Board of must hold a public hearing be made available for Education must prepare a on the proposed budget public inspection at least proposed budget for the before the proposed budget 10 days prior to the hearing succeeding fiscal year for document is submitted to and must be published as a each fund that the agency the State Board for class II-O legal intends to maintain during approval. advertisement. the year and submit it to the State Board of Education for approval.

GENERAL CURRENT EXPENSE FUND

Funds Maintained by Preston BOE ■ General Current Expense Fund (1X): – The general current expense fund is used as the general operating fund of the board. All revenues and expenditures except those that are required to be accounted for in another fund are accounted for in this fund. ■ County (11) - Accounts for the general operations of the county board of education ■ Excess Levy (12) – Accounts for the proceeds and expenditures of excess levy monies – Total Operating Budget for FY21: $ $ 45,712,20 2,209

Projected Revenues GENERAL CURRENT EXPENSE FUND PROPOSED REVENUE General Current Expense Fund ACCOUNT TITLE TOTAL TAXES 12,463,904 Real/Personal Property - Regular Levy 8,015,822 Real/Personal Property - Excess Levy 4,448,082 LOCAL SOURCES 209,235 Interest 130,000 P-Card Rebate 35,000 Energy Demand Program & QZAB Credit 27,455 Reimbursements 6,780 Disposal of Property 10,000 STATE SOURCES 31,957,212 Basic State Aid 21,277,244 State Aid - Step 7a 871,598 Retirement Allocation 1,791,860 Retirement - Unfunded Liability Allocation 4,573,209 PEIA Allocation 3,443,301 FEDER FEDERAL SOURCES 76,000 Medicaid 75,000 National Forest Land 1,000 INTERFUND TRANSFERS 75,858 Indirect Costs from Special Projects 75,858 BEGINNING BALANCE 930,000 Estimated Beginning Balance 930,000 TOTAL REVENUE $ 45,712,209.00

Revenue by Source Comparison FY20 and FY21 FY20 FY21 % Budget Budget Change Accounty Title Difference Taxes 12,222,518 12,463,904 241,386 1.97% Local Sources 240,383 209,235 (31,148) -12.96% State Sources 29,334,096 31,957,212 2,623,116 8.94% Federal Sources 5,000 76,000 71,000 1420.00% Estimated Transfers In 77,185 75,858 (1,327) -1.72% Beginning Balance 1,050,000 930,000 (120,000) -11.43% $ 42,929,182.00 $ 45,712,209.00 $ 2,783,027.00 ■ State Sources includes changes created by HB206 in 2019 ■ Federal Source increased due to Medicaid estimate being included

Projected Revenues General Current Expense Fund

GENERAL CURRENT EXPENSE FUND Proposed PROPOSED % of Expenditures CATEGORY EXPENDITURES BUDGET Instruction 26,523,273 58% General Current Expense Supporting Services: Fund (by Function Code) Student 2,248,507 5% Instructional Staff 638,180 1% Central Administration 805,658 2% School Administration 1,895,892 4% Central Services 350,709 1% Operation and Maintenance of Facilities 4,358,979 10% Student Transportation 4,504,698 10% Food Service 44,550 0% Community Services 47,277 0% Capital Outlay 1,976,924 4% Debt Service: Prinicpal Retirement 93,384 0% Interest and Fiscal Charges 25,278 0% Transfers 520,598 1% Reserves 1,678,302 4% Total 45,712,209 100%

Proposed Expenditures General Current Expense Fund (by Function Code) ■ Terms: – Instr truction ion: All activities related to instruction including salaries, textbooks, services, and supplies. – Supp ppor ort Services vices: ■ Students: Attendance, social work, guidance, health services, psychologists, speech, occupational and physical therapy, and other pupil services. ■ Instructional Staff: Curriculum and instruction services, media library, professional staff development, technology. ■ Central Administration: Board expenses, superintendent’s office, assistant superintendent’s office, auditing, legal services, community relations, liability insurance, official bonds. ■ School Administration: Principal’s Office. ■ Central Services: Business office, printing/publishing, human resources, service staff development, employee assistance program. ■ Operation and Maintenance of Facilities: Maintenance, custodial, property insurance, telephone, natural gas, electric, garbage disposal, rental of buildings. ■ Student Transportation: Bus drivers, mechanics, fuel, parts, vehicle insurance. – Fo Food Service vice: All activities related to food service activities – Communit nity y Ser ervice ices: 4-H, public library allocation, pre-k collaborative. – Capit ital l Outla lay: Architecture and Engineering, Construction, Building Improvements. – Debt bt Ser ervice ice: QZAB, Lease Purchase. – Transf nsfer ers: Indirect Costs, Child Nutrition Program. – Reser serves es: For contingencies.

Proposed Expenditures General Current Expense Fund (by Function Code)

Expenditures by Function Comparison FY19 to FY20 FY20 FY21 % Budget Budget Change Category Difference Instruction 25,749,062 26,523,273 774,211 3.01% Supporting Services: Students 1,596,025 2,248,507 652,482 40.88% Instructional Staff 395,770 638,180 242,410 61.25% Central Administration 828,733 505,658 (323,075) -38.98% School Administration 1,895,360 1,895,892 532 0.03% Central Services 299,440 350,709 51,269 17.12% Operational & Maintenance 4,716,209 4,358,979 (357,230) -7.57% Student Transportation 3,965,783 4,504,698 538,915 13.59% Food Services 36,126 44,550 8,424 Community Services 20,584 47,277 26,693 Capital Outlay 1,480,000 1,976,924 496,924 Debt Service: Principal Retirement 261,116 93,384 (167,732) -64.24% Interest and Fiscal Charges 30,542 25,278 (5,264) -17.24% Transfers 400,000 520,598 120,598 30.15% Reserves 1,254,432 1,678,302 423,870 33.79% TOTAL $ 42,929,182 $ 45,412,209 $ 2,483,027

Proposed Expenditures General Current Expense Fund (by Object Code) GENERAL CURRENT EXPENSE FUND PROPOSED % of OBJECT EXPENDITURES BUDGET Salaries 23,295,775 51% Employee Benefits and Fixed Costs 11,688,587 26% Professional and Technical Services 589,550 1% Purchased Property Services 2,463,214 5% Other Purchased Services 633,561 1% Supplies 3,990,547 9% Equipment 607,031 1.33% Other & Reserve 1,943,944 4% Transfers 500,000 1% Total 45,712,209 100%

Proposed Expenditures General Current Expense Fund (by Object Code) ■ Term rms : – Salari ries: All professional and service salaries including substitutes – Benefits ts: FICA, retirement, workers compensation insurance, health and life insurance (PEIA), dental/optical insurance, long-term disability insurance. – Pro rofess ssional nal and Tech chnical al Servi vices es: Professional educator services, staff development, other professional services (legal, audit, architects), technical services. – Purch chase se Pro roperty ty Servi vice ces: Water/sewage, garbage disposal, snow removal, repair services, rentals. – Other Purch chased d Servic vices es: In-lieu of transportation, property and liability insurance, postage, telephone, internet, legal ads, printing/binding, travel. – Supplies: Instructional, custodial, maintenance, natural gas, electric, food, books, periodicals, software, fuel. – Equipme ment nt: Vehicles, furniture, machinery, technology related hardware. – Other: Dues and fees, debt service, reserves. – Transf sfer ers: Indirect Costs, Child Nutrition Program

Proposed Expenditures General Current Expense Fund (by Object Code)

Long-Term Debt Annual Payment Last Payment Remaining Payments Lender/Lessor QZAB: South Preston & Bruceton $ 96,015 May 2027 7 Payments UMB Bank $ 96,015 Lease Purchase Agreements: Energy Lease #1 $ 22,865 Oct. 2020 2 Payments Crews & Associates, Inc. Energy Lease #2 $ - Dec. 2019 0 Payments Bank of the Ozarks $ 22,865 Total QZAB & Leases $ 118,880

Budget Summary Revenue Revenue (County) 39,462,529.00 Revenue (Step 7a) 871,598.00 Revenue (Levy) 4,448,082.00 44,782,209.00

Personnel (County) 28,278,340.00 Budget Summary Personnel (Step 7a) 244,380.00 Personnel (Levy) 627,750.00 (29,150,470.00) Personnel Expense Professional Substitutes 524,814.00 Service Substitutes 138,563.00 Overtime 65,452.00 Bus Shuttles & Bus Electricity 44,554.00 County Board Members 25,658.00 Coaches - County Only 48,726.00 Supplemental Salary Retiree Premiums (Obj. 215) 124,325.00 HB206 Sick Leave Bonus (Obj. 217) 48,624.00 Unemployment (Obj. 251) 10,000.00 ProActive (Obj. 221) 12,448.00 Ret. Unfunded Liab. (Obj. 235) 4,573,209.00 (5,616,373.00) Operations 80,000.00 Classroom Teachers 14,540.00 Excess Levy Technology 15,000.00 Supplemental Salary Activities - Coaches 31,690.00 School Programs 44,028.00 Facility Use 25,846.00 (211,104.00)