Madison City Schools 2015 Budget FY 2015 Proposed Budget 2nd Public Hearing September 9, 2014 Madison City 2015 Budget Objective Maintain pupil/teacher ratios Control expenses ◦ Justify request Maintain adequate fund reserves 2 Highlights FY 2015 Budget System ADM – Arrears by 178.37 (funding purposes). System ADM - Current Year Increased by 150.00. Funded Teacher Units – Increased by 10.32. PEEHIP – Increased by $792.00 per employee/annually. 74.16 Operating Days of Fund Balance. Salaries and Benefits – General Fund – 78.86% of Budget A 2% growth of Local General Fund Revenues covers a 150.00 System ADM increase (unfunded). At this point the budgeted Expenditure are just slightly greater than Revenues - $35,127.42. Debt Service Fund – No relief from Debt Payments until 2028. No new revenue source to allow for additional Capital Projects. Restructuring of current debt a possibility. 3 Per Pupil Expenditure - 2013 School System ADM Total Expenditures PPE Rank School System ADM Total Expenditures PPE Rank Lowndes County 1,754.45 22,956,017 13,084 1 Pickens County 2,733.60 24,698,464 9,035 40 Homewood City 3,661.15 46,567,396 12,719 2 Trussville City 4,232.60 38,181,515 9,021 41 Anniston City 2,026.90 23,697,213 11,691 3 Ozark City 2,281.90 20,579,605 9,019 42 Mountain Brook City 4,467.15 52,107,329 11,665 4 Choctaw County 1,702.70 15,269,735 8,968 43 Marengo County 1,263.40 14,160,175 11,208 5 Marshall County 5,616.45 50,342,731 8,963 44 Bullock County 1,492.70 16,550,903 11,088 6 Scottsboro City 2,626.15 23,439,377 8,925 45 Greene County 1,224.50 13,104,990 10,702 7 Boaz City 2,135.85 19,002,793 8,897 46 Hoover City 13,688.75 144,564,183 10,561 8 Franklin County 3,148.85 28,008,731 8,895 47 Conecuh County 1,590.95 16,744,222 10,525 9 Randolph County 2,248.80 19,954,500 8,873 48 Sheffield City 1,077.85 11,326,456 10,508 10 Fayette County 2,379.20 21,107,136 8,872 49 Coosa County 1,147.45 11,988,960 10,448 11 Muscle Shoals City 2,827.05 25,061,128 8,865 50 Florence City 4,330.60 44,993,598 10,390 12 Talladega City 2,350.30 20,819,181 8,858 51 Tuscaloosa City 9,869.00 102,300,375 10,366 13 Oxford City 4,105.55 36,323,152 8,847 52 Athens City 3,179.75 32,678,473 10,277 14 Tuscumbia City 1,481.95 13,110,552 8,847 53 Colbert County 2,695.50 27,601,379 10,240 15 Troy City 2,099.65 18,565,470 8,842 54 Madison City 9,334.35 82,436,752 8,832 55 MCS 8,832.00 Average 8,871.00 Min 7,238.00 Max 13,084.00 4 Student Population 1992-2015 BJHS Renovation BJHS Addition Stadium Discovery Renovation Heritage Addition BJHS Madison City Schools 2014-2015 Budget EXHIBIT B-I-A GENERAL -------------- GOVERNMENTAL SPECIAL DEBT REVENUE SERVICE --------------------------- REVENUES STATE REVENUES FEDERAL REVENUES LOCAL REVENUES OTHER REVENUES TOTAL REVENUES 47,796,865.00 327,000.00 29,404,582.00 374,112.20 77,902,559.20 4,130,498.00 4,556,767.00 7,173,620.00 150,000.00 16,010,885.00 2,505,284.89 0.00 2,675,915.00 0.00 5,181,199.89 90,449.60 0.00 8,500.00 0.00 98,949.60 0.00 54,523,097.49 0.00 4,883,767.00 1,603,940.00 40,866,557.00 0.00 524,112.20 1,603,940.00 100,797,533.69 EXPENDITURES: INSTRUCTIONAL SERVICES INSTRUCTIONAL SUPPORT SERVICES OPERATIONS & MAINTENANCE AUXILIARY SERVICES GENERAL ADMINISTRATIVE SERVICES CAPITAL OUTLAY DEBT SERVICES OTHER EXPENDITURES TOTAL EXPENDITURES 44,079,227.97 13,160,385.98 8,767,557.00 3,596,993.10 2,741,001.00 0.00 0.00 707,742.00 73,052,907.05 6,869,553.20 2,762,712.79 583,185.00 5,423,764.47 45,883.00 0.00 0.00 937,064.01 16,622,162.47 0.00 0.00 0.00 0.00 0.00 0.00 9,270,530.33 0.00 9,270,530.33 0.00 0.00 0.00 1,000,000.00 300.00 22,299,967.26 0.00 0.00 23,300,267.26 348,555.00 51,297,336.17 640,587.00 16,563,685.77 8,850.00 9,359,592.00 118,115.00 10,138,872.57 0.00 2,787,184.00 0.00 22,299,967.26 0.00 9,270,530.33 144,350.00 1,789,156.01 1,260,457.00 123,506,324.11 OTHER FUND SOURCES (USES): OTHER FUND SOURCES OTHER FUND USES TOTAL OTHER FUND SOURCES (USES) 458,416.99 5,388,758.56 (4,930,341.57) 2,428,520.77 1,092,638.08 1,335,882.69 6,765,245.44 2,610,387.16 4,154,858.28 1,000,000.00 0.00 1,000,000.00 (80,689.42) 724,605.22 BEGINNING FUND BALANCE - OCT 1 16,194,763.57 5,154,152.56 10,324,826.91 25,096,569.67 516,816.84 57,287,129.55 ENDING FUND BALANCE - SEP 30 16,114,074.15 5,878,757.78 10,390,354.75 2,895,252.01 756,460.24 36,034,898.93 FUND TYPES DESCRIPTION ---------------------------------------- EXCESS REVENUES & OTHER SOURCES OVER (UNDER) EXPENDITURES & OTHER FUND USES CAPITAL PROJECTS -------------- 65,527.84 (22,201,317.66) FIDUCIARY EXPENDABLE TRUST -------------- 46,200.00 150,039.60 (103,839.60) TOTAL (Memo Only) -------------- 10,698,383.20 9,241,823.40 1,456,559.80 239,643.40 (21,252,230.62) Changes to Budget Since 1st Public Hearing General Fund Gifted Testing $ 10,000.00 Safety Training $ 2,500.00 Sp. Ed Summer School Transportation $ Updated Coordinator Salary – Admin. $ 0.00 Hippy Grant – Increased by $600 $ 0.00 ARI Allocation $ 49,783.00 Net Effect GF – Addition to Expenditures $ (16,721.00) 45,562.00 7 Changes to Budget Since 1st Public Hearing Special Revenue Fund Title I – N & D – Increased by $4,575 $ 0.00 ELL – Decreased by $315 $ 0.00 Title I – Updated Exp. $ 0.00 Net Effect – Special Revenue Fund $ 0.00 8 Changes to Budget Since 1st Public Hearing Capital Projects Fund BRAC Fund Balance - Revenue $1,500,000.00 BRAC – BJHS Renovation - Expenditure $1,500,000.00 Net Effect – Capital Projects Fund $ 0.00 9 Total Proposed Budget FY 15 10 Proposed General Fund Budget FY 2015 Revenue State Federal Local Other Uses TOTAL $ 47,796,865 $ 327,000 $ 29,404,582 $ 374,112 $77,902,559 11 General Fund Salary & Benefits Expenditures Salary and Benefit Expenditures $ 61,842,940 Other General Fund Expenditures $ 16,598,726 Total General Fund Expenditures $78,441,666 12 Madison City School's Outstanding Debt Fiscal Year 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029 2029-2030 2030-2031 2031-2032 2032-2033 2033-2034 2034-2035 2035-2036 2036-2037 2037-2038 2038-2039 TOTAL Total $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 9,143,755.13 9,131,077.86 9,126,889.81 9,127,050.57 9,121,826.75 9,158,688.11 9,349,330.63 9,333,397.26 9,336,563.20 10,104,683.33 11,047,875.18 9,160,314.88 9,580,987.56 7,130,124.08 6,658,243.23 6,641,193.42 6,650,302.64 6,649,770.50 6,639,983.26 5,687,298.75 5,689,120.63 5,691,576.88 5,690,851.25 5,691,270.00 5,687,783.75 $ 197,229,958.66 13 Capital Projects Fund $23,300,267 Bob Jones Renovation Swimming Facility MES and LMS Parking Lot Resurfacing HVAC at Madison Elementary City Stadium Bleachers Purchase School Buses 14 FY 2015 Proposed Budget 2nd Public Hearing September 9, 2014