5/26/2015
Sandy Rotella CPA, SFO Chief Financial Operations Officer
Budget
Beginning Fund Balance
+
Revenues
Expenditures
=
Ending Fund Balance
Beginning Fund
Balance
Beginning Fund Balance - Calculation
AMOUNT
Fiscal Year 13-14 Audited Fund
Balance (Fund 10 & 12)
Estimated Revenue FY 14-15
Estimated Expenditures FY 14-15
Estimated Ending Fund Balance –
June 30, 2015
$ 9,058,079
61,724,089
62,163,315
$ 8,618,853
School Finance Act
Enrollment
Per Pupil Revenue
49.00
$171.39
Other Revenue Changes
 Increase in Property Taxes
 Increase in Specific Ownership Tax
 Increase in transfer to Athletic Fund
 Decrease in Categorical Funding
 Increase of Transfer to Capital Reserve Fund
 Decrease of Transfer to Risk Management Fund
 Maintain Federal Impact Aid
Revenue – Estimate for FY 15-16
AMOUNT
Est. Revenue for Fiscal Year 14-15
Estimated Increase to FY 15-16
Revenue
Estimated Revenue for FY 15-16
$ 61,724089
4,053,917
$62,516,037
Salary & Benefits
• Salary Increase:
• Certified:
•
•
Steps and Column Movement
1.5% COLA
• Classified:
• Steps
• Restructure of Longevity Payments
• 1.0% COLA
• Benefits
• PERA: 0.9% increase (from 18.35% to 19.20%)
• Health Insurance: No change
Targeted Student / Teacher
Staffing Ratios by Core Content Area
Preschool
Kindergarten
Grades 1-3
Grades 4-5
Grades 6-8
Grades 9-12
16:1
20:1
24:1
26:1
28:1
30:1
$4,890,000
REFERENDUM
(I)RESTORING OR
ENHANCING ELIMINATED
PROGRAMS IN MUSIC, ART,
PHYSICAL EDUCATION,
CAREER-TECHNICAL
EDUCATION AND MIDDLE
SCHOOL ATHLETICS;
REFERENDUM (continued)
(II) PROVIDING OPERATING FUNDS FOR
PROGRAMS INTENDED TO INCREASE
GRADUATION RATES, KEEP STUDENTS IN
SCHOOL, AND IMPROVE READING AND
WRITING SKILLS OF ALL STUDENTS IN
KINDERGARTEN THROUGH TWELFTH GRADE;
REFERENDUM (concluded)
(III) UPGRADING AND IMPROVING
COMPUTER TECHNOLOGY FOR
ALL STUDENTS IN
KINDERGARTEN THROUGH
TWELFTH GRADE
Estimated Expenditures – Fiscal Year
2015-16
AMOUNT
Estimated Salaries: Based on FY 2015-16 FTE
and negotiated agreements
$40,425,645
Estimated Benefits: Based on FY 15-16 FTE,
negotiated agreements, PERA rate increase and
no change in ER healthcare contribution.
11,782,624
FY 15-16 Purchased Services, Supplies and
Other Expenditures
10,307,768
Estimated FY 15-16 Expenditures
$62,516,037
Recap of Revenue/Expenditures
AMOUNT
Estimated Beginning Fund Balance
Estimated Revenue FY 14-15
Estimated Expenditures FY 14-15
Excess Exp over Revenue
Estimated Ending Fund Balance
6/30/16
$ 8,618,853
62,516,037
62,516,037
-0$8,618,853
Analysis of Fund Balance
TABOR – estimate
$3,100,000
Board Policy – estimate
3,125,802
Non-spendable/Restricted - estimate
100,000
Assigned – estimate
150,000
Unassigned – estimate
2,143,051
Total Estimated Fund Balance
$8,618,853
Budget Reduction Considerations
Reduce ESS
Administration
IMPACT
AMOUNT
Realign resources to the
Buildings
$700,000
Other Funds
General Fund – Sub Funds
Athletics Fund
Insurance Reserve Fund
Special Revenue Funds
Nutrition Services Fund
Government Designated Purpose Grant Fund
Athletic Fund
Fee Supported Fund
Debt Service Funds
Bond Redemption Fund
Capital Projects Fund
Capital Reserve Fund
MAY - 2015
12
Board of Education Meeting – Budget Strategic Planning
19
Board of Education – Study Session Proposed Budget submitted to
Supt & BOE
26
Board of Education Meeting – Presentation of 2015-16 Preliminary
Budget
JUNE – 2015
09
Board of Education Meeting – Public Hearing on the 2015-16
Proposed Budget
16
Possible Board of Education Meeting
23
Board of Education Meeting – Adoption of 2015-16 Budget