2014-2015 Budget

PowerPoint Presentation

2014-2015 Budget

Public Hearing and Budget AdoptionRalph Fortunato, CSBSDirector of Fiscal ServicesAugust 27, 2014Successfully Preparing All Students For Their Futures12033 SE 256th Street, kent, wa 98030 | www.kent.k12.wa.us1School District BudgetSLIDE 2There are 5 distinct funds in the budget General Fund-provides for the daily operations of the school district

Capital Project Fund-receives bond sale/state match revenue for school construction and technology levy revenue for technology program

Debt Service Fund-receives tax collections sufficient to pay back or servicethe principal and interest from bonds approved by the board and/or the voters

Transportation Vehicle Fund-receives state depreciation revenue for purchase of busses; all driver pay, fuel, repairs, etc. is paid from the General Fund

ASB Fund-accounts for all revenue and expenditures made by the schools Associated Student Body activities

Successfully Preparing All Students For Their Futures12033 SE 256th Street, kent, wa 98030 | www.kent.k12.wa.us2Budget Adoption ProcessSLIDE 3By law, all school districts in Washington must formally adopt a budget by August 31st of each yearAll school systems must use the same format (F-195);The formal approval of the budget is by Board ResolutionThe Board, upon passage of the resolution, is approving the amount of authorized expenditures for each fundSchool districts may not expend greater than the original authorized expenditure amount without a budget extension, approved by Board resolution.Successfully Preparing All Students For Their Futures12033 SE 256th Street, kent, wa 98030 | www.kent.k12.wa.usKent School District Budget Summary 2014-2015SLIDE 4

Successfully Preparing All Students For Their Futures12033 SE 256th Street, kent, wa 98030 | www.kent.k12.wa.us

SLIDE 5Kent School District Budget Summary 2014-2015Successfully Preparing All Students For Their Futures12033 SE 256th Street, kent, wa 98030 | www.kent.k12.wa.us5SLIDE 6General FundSuccessfully Preparing All Students For Their Futures12033 SE 256th Street, kent, wa 98030 | www.kent.k12.wa.usGeneral Fund 2013-14 ESTIMATESLIDE 7

Successfully Preparing All Students For Their Futures12033 SE 256th Street, kent, wa 98030 | www.kent.k12.wa.usGeneral Fund 2014-15SLIDE 8

Successfully Preparing All Students For Their Futures12033 SE 256th Street, kent, wa 98030 | www.kent.k12.wa.usGeneral Fund 2014-15SLIDE 9

Successfully Preparing All Students For Their Futures12033 SE 256th Street, kent, wa 98030 | www.kent.k12.wa.usGeneral Fund 2014-15 Enrollment

SLIDE 10Successfully Preparing All Students For Their Futures12033 SE 256th Street, kent, wa 98030 | www.kent.k12.wa.usGeneral Fund 2014-15 StaffingSLIDE 11

Successfully Preparing All Students For Their Futures12033 SE 256th Street, kent, wa 98030 | www.kent.k12.wa.usGeneral Fund 2014-15 RevenuesSLIDE 12

Successfully Preparing All Students For Their Futures12033 SE 256th Street, kent, wa 98030 | www.kent.k12.wa.usGeneral Fund 2014-15 RevenuesSLIDE 13Successfully Preparing All Students For Their Futures12033 SE 256th Street, kent, wa 98030 | www.kent.k12.wa.usGeneral Fund 2014-15 ExpendituresSLIDE 14

Successfully Preparing All Students For Their Futures12033 SE 256th Street, kent, wa 98030 | www.kent.k12.wa.usSLIDE 15General Fund 2014-15 Expenditures:By ActivitySuccessfully Preparing All Students For Their Futures12033 SE 256th Street, kent, wa 98030 | www.kent.k12.wa.usGeneral Fund 2014-15 Expenditures:By ObjectSLIDE 16Successfully Preparing All Students For Their Futures12033 SE 256th Street, kent, wa 98030 | www.kent.k12.wa.usGeneral Fund Ending Fund Balances 2012-13 to 2014-15

SLIDE 17Successfully Preparing All Students For Their Futures12033 SE 256th Street, kent, wa 98030 | www.kent.k12.wa.usGeneral Fund Projections 2015-16 to 2017-18SLIDE 18

Successfully Preparing All Students For Their Futures12033 SE 256th Street, kent, wa 98030 | www.kent.k12.wa.usOther Funds 2014-15SLIDE 19

Successfully Preparing All Students For Their Futures12033 SE 256th Street, kent, wa 98030 | www.kent.k12.wa.usCapital Projects Fund 2014-15

SLIDE 20Successfully Preparing All Students For Their Futures12033 SE 256th Street, kent, wa 98030 | www.kent.k12.wa.usCapital Project Fund 2014-15SLIDE 21

Successfully Preparing All Students For Their Futures12033 SE 256th Street, kent, wa 98030 | www.kent.k12.wa.usCapital Project Fund 2014-15SLIDE 22

Successfully Preparing All Students For Their Futures12033 SE 256th Street, kent, wa 98030 | www.kent.k12.wa.usCapital Project Fund 2014-15SLIDE 23

Successfully Preparing All Students For Their Futures12033 SE 256th Street, kent, wa 98030 | www.kent.k12.wa.usDebt Service Fund 2014-15

SLIDE 24Successfully Preparing All Students For Their Futures12033 SE 256th Street, kent, wa 98030 | www.kent.k12.wa.usASB Fund 2014-15

SLIDE 25Successfully Preparing All Students For Their Futures12033 SE 256th Street, kent, wa 98030 | www.kent.k12.wa.usTransportation Vehicle Fund 2014-15SLIDE 26

Successfully Preparing All Students For Their Futures12033 SE 256th Street, kent, wa 98030 | www.kent.k12.wa.us2014-15 Levy Amounts

SLIDE 27Successfully Preparing All Students For Their Futures12033 SE 256th Street, kent, wa 98030 | www.kent.k12.wa.usKent School District Budget Summary 2014-2015SLIDE 28

Successfully Preparing All Students For Their Futures12033 SE 256th Street, kent, wa 98030 | www.kent.k12.wa.usNext Steps:Formal Adoption of budget August 27, 2014

Monitor start of school for enrollment and staffing

Close 2013-14 fiscal year and produce Annual Financial Report (F-196) by October 25, 2014

Monitor 2015 legislative sessions (state funding) and federal reauthorizations for possible budget revisions

Determine priorities for 2015-2016 budget

SLIDE 29Successfully Preparing All Students For Their Futures12033 SE 256th Street, kent, wa 98030 | www.kent.k12.wa.usQuestions/Comments

SLIDE 30Successfully Preparing All Students For Their Futures12033 SE 256th Street, kent, wa 98030 | www.kent.k12.wa.usBudget SummaryKent School District Budget Summary 2014-2015General FundCapitalProjects FundDebtService FundASB FundTransportationVehicle FundTotalAll BudgetsBeginning Fund Balance$29,661,204$10,289,333$12,339,228$1,338,212$400,000$54,027,977Revenues296,078,2837,640,00027,425,1724,894,510691,101$336,729,066

Total Funds Available325,739,48717,929,33339,764,4006,232,7221,091,101390,757,043

Expenditures306,139,79216,081,37027,217,3844,894,8151,050,000$355,383,361

Transfers In/(Out)(7,067)0.07,0670.00.00.0

Ending Fund Balance$19,592,628$1,847,963$12,554,083$1,337,907$41,101$35,373,682

Budget Comp

Comparison of the proposed budgets for 2014-2015 to 2013-2014 shows:GeneralCapital Debt Trans.FundProjects*ServiceASBVehicleTotal2014-2015$306,139,792$16,081,370$27,217,384$4,894,815$1,050,000$355,383,3612013-2014$287,525,409$21,071,030$32,134,349$5,039,159$950,000$346,719,947Difference$18,614,383($4,989,660)($4,916,965)($144,344)$100,000$8,663,414* Capital Projects budget was amended in May 2014 to $21,071,030 from $17,971,030

Comparison between 2013-2014 and 2014-2015 F-195 General Fund BudgetObjectDescription13-14Budget% toTotal14-15Budget% to TotalDifferencefrom13-14% Change2Certificated Salaries$126,232,47843.90%$135,612,20144.30%$9,379,7237.43%3Classified Salaries46,475,07016.16%50,415,69416.47%$3,940,6248.48%4Payroll Taxes and Other Benefits57,809,24320.11%64,411,00821.04%$6,601,76511.42%Total Personnel$230,516,79180.17%$250,438,90381.81%$19,922,1128.64%

5Supplies$17,486,5736.08%$17,272,3295.64%($214,244)-1.23%7Contract Services37,991,12813.21%37,150,06012.13%($841,068)-2.21%8Travel535,8190.19%564,1510.18%$28,3325.29%9Capital Outlay995,0980.35%714,3490.23%($280,749)-28.21%Total MSOC$57,008,61819.83%$55,700,88918.19%($1,307,729)-2.29%

Total Budget$287,525,409100.00%$306,139,792100.00%$18,614,3836.47%

13-14 UpdateGeneral Fund 2013-2014 UpdateActualActualActualActualActualEstimated(MILLION $)2008-092009-102010-112011-122012-132013-14Beginning Fund Balance 18.29122.64819.60322.49227.13830.006

Total Revenues248.941246.100248.177246.308252.491273.620

Total Available267.232268.748267.780268.800279.629303.626

Total Expenditures244.547249.13245.272241.662249.623273.964

Total Ending Fund Balance22.64819.60322.49227.13830.00629.662Restricted (restricted, assigned, committed)9.285.379.28412.06111.3448.088Unrestricted ( 5% Min Fund Balance and unassigned)13.36814.23313.20715.07718.66221.574

Revenue-To-Expenditure Imbalance4.394-3.0302.9054.6462.868-0.344

% Total Ending Fund Balance9.26%7.87%9.17%11.23%12.02%10.83%% Unrestricted Ending Fund Balance5.47%5.71%5.38%6.24%7.48%7.87%

GF 14-15General Fund 2014-2015 ActualEstimatedF-195 Budget2012-132013-142014-15Beginning Fund Balance27.13830.00629.662

Actual Revenues252.491273.62296.078

Total Available279.629303.626325.740

Actual Expenditures & Transfers Out249.623273.964306.147

Total Ending Fund Balance30.00629.66219.593 Restricted (restricted, assigned, committed)11.3448.0883.400 Unrestricted(Min Fund Balance and unassigned)18.66221.57416.193

Revenue to Expenditure Imbalance2.868-0.344-10.069

% Total Ending Fund Balance12.02%10.83%6.40%% Unrestricted Ending Fund Balance7.48%7.87%5.29%

GF EnrollmentActualActualBudget2012-132013-142014-15K-12 FTE Enrollment25,290.0025,605.0025,620.00Change from Prior Yearn/a315.0015.00% change from Prior Yearn/a1.25%0.06%

Running Start586.68610.93625.00Change from Prior Yearn/a24.2514.07% Change from Prior Yearn/a4.13%2.30%I-Grad FTE Enrollment385.43445.28460.00ALE Programs FTE Enrollment167.90196.38225.00Change from Prior Yearn/a88.3343.34% change from Prior Yearn/a15.96%6.75%

GF Staffing

2012-132013-142014-15BASIC EDUCATION PERSONNEL FUNDINGBudgetBudgetBudgetCertificated1589.51614.981735.99Basic Education StaffTotal for 2014-15Basic EdFormula FundedAbove FormulaStaffEP&O FundedChange from Prior Yearn/a25.48121.01Certificated Instructional Staff1,410.6381,259.920150.718% Change from Prior Yearn/a1.60%7.49%Certificated Administrative Staff108.834103.4905.344Classified Staff589.939441.660148.279Classified974.26997.491039.08Total Basic Education Staff2,109.4111,805.070304.341Change from Prior Yearn/a23.2341.59% Change from Prior Yearn/a2.38%4.17%

Administrative106.56121.99138.56Change from Prior Yearn/a15.4316.57% Change from Prior Yearn/a14.48%13.58%

Total FTE2670.322734.462913.63Change from Prior Yearn/a64.14179.17% Change from Prior Yearn/a2.40%6.55%

14-15 RevenuesActualEstimatedF-195 BudgetRevenues: (in millions)2012-132013-142014-15

Local Taxes (Levy)$59,011,066$60,200,354$63,803,88721.55%Local Non Tax6,782,7836,134,5156,997,0392.36%State Apportionment135,586,753148,659,250156,730,35052.94%State Special Purpose29,611,70035,120,81041,865,38914.14%Federal Grants21,220,67423,304,68725,891,6188.74%All Other278,327200,000790,0000.27%Total Revenues$252,491,303$273,619,616$296,078,283100.00%Less: Expenditures 249.623273.964306.147Revenue/Exp Imbalance2.868-0.344-10.069

13-14 Exp by ActExpenditures ActualEstimatedF-195 BudgetActivity2012-132013-142014-15%Teaching Activities$148,754,472$177,767,210$185,543,23660.61%Teaching Support26,435,48327,957,39733,223,00610.85%Other Supportive Activities43,847,51349,796,79149,982,53916.33%Building Administration17,211,34719,018,06720,626,4996.74%Central Adminstration13,028,90612,985,94416,764,5125.48%Total Expenditures$249,277,721$287,525,409$306,139,792100.00%

13-14 Exp By ProgramRegular Instruction173,061,14956.53%Federal Stimulus2,619,0440.86%Special Education37,044,87712.10%Vocational 7,818,5682.55%Compensatory Instruction20,841,3366.81%Other Instructional5,486,7811.79%Community services327,7780.11%Districtwide Support39,125,95912.78%Food Service11,382,9653.72%Transportation8,431,3552.75%306,139,812100.00%

14-15 by ObjectExpenditures (Net of Expansion Contingency)Certificated Salaries135,612,20144.30%Classified Salaries50,415,69416.47%Employee Benefits64,411,00821.04%Supplies and Materials17,272,3295.64%Purchashed Services37,150,06012.13%Travel564,1510.18%Capital Outlay714,3490.23%306,139,792100.00%

Fund Balance

ActualEstimatedEstimated2012-132013-142014-15Total Ending Fund Balance-$30.00629.66119.593Total Expenditures-$249.623270.857300.140

NonSpendable-Inventory0.5250.5000.500Restricted Fund Balance: Grants, Special Projects, Encumbrances0.9312.8250.900 Self Insurance(w/c & unemployment)1.1881.2631.250

Assigned Fund Balance:Contingencies8.7003.5000.750

Committed Fund Balance: Committed to Min. Fund Balance Policy12.46413.54315.007

Unreserved/Unrestricted Fund Balance6.1988.0311.186Total Min. Fund Balance & Unrestricted Fund Balance18.66221.57416.193Total Min. Fund Balance & Unrestricted Fund Balance %7.48%7.96%5.40%5% Board Policy 5.0%5.00%5.00%Difference in %2.48%2.96%0.40%

2015-16 to 2017-18

2015-162016-172017-18Beginning Fund Balance19.59319.59319.593

Estimated Revenues321.245348.551378.178

Expenditures:Certificated Salaries142.31244.30%154.40844.30%167.53344.30%Classified Salaries52.90916.47%57.40616.47%62.28616.47%Payroll Taxes and Other Benefits67.59021.04%73.33521.04%79.56921.04%Supplies18.1185.64%19.6585.64%21.3295.64%Contract Services38.96712.13%42.27912.13%45.87312.13%Travel0.5780.18%0.6280.18%0.6800.18%Capital Outlay0.7710.24%0.8370.24%0.9080.24%Total Expenditures321.245100.00%348.551100.00%378.178100.00%

Ending Fund Balance19.59319.59319.5935% Min. Fund Blance Policy16.06217.42818.909Remaining Fund Balance3.5312.1650.684

Levy AmountsVoter ApprovedGeneral Fund:Levy AmountRoll BackNet Levy AmountCollection %Amount Budgeted

Fall 2014$64,000,000$2,867,097$61,132,90347.01%$28,738,578

Spring 2015$79,000,000$12,094,240$66,905,76052.41%$35,065,309Total Levy for 2014-1599.42%$63,803,887

Captial Projects: Technology LevyFall 2014$5,000,0000.0$5,000,00047.01%$2,350,500

Spring 2015$7,000,0000.0$7,000,00052.41%$3,668,700Total Levy for 2014-1599.42%$6,019,200Debt Service:Fall 2014$27,500,0000.0$27,500,00047.01%$12,927,750

Spring 2015$26,000,0000.0$26,000,00052.41%$13,626,600Total Levy for 2014-1599.42%$26,554,350

Capital Project Project ListCAPITAL PROJECT FUND

REVENUE Beginning Fund Balance$10,289,333Revenues1,620,800EXPENDITURESTech Levy6,019,200Tech Levy Projects$7,000,000TOTAL AVAILABLE$17,929,333Video Surveillance Cameras2,626,616Intruder Locks1,517,057EXPENDITURES Portables1,500,000Expenditures$16,081,370Access Control Projects1,285,572Covington ES Replacement690,000Transfers Out0.0Administration400,000Fairwood ES Parking Lot303,063Ending Fund Balance$1,847,963Contingency300,000Gun Shot Sensors100,000Neely-O'Brien ES Parking Lot75,174Kent Valley Early Learn. Ctr.50,000Property Management45,100Scenic Hill ES Restrooms41,510Admin. Ctr. Gate and Fencing28,063Horizon ES Parking Lot24,075French Field Restrooms23,720Domestic Water Backflow Projects21,348Park Orchard19,656Kentlake HS Readerboard18,800Kentridge HS Plumbing7,116Kentridge HS Parking Lot4,500Total Expenditures$16,081,370

Tech Levy ProjectsProject2014-15BudgetUnits1:1 Initiative$3.5million2,500 unitsPara-Educator Laptops$0.5million 300 unitsTech. Refresh$2.0million2,000 unitsElem. Mobile Devices$1.0million3,000 unitsTotal Tech Levy Budget$7.0million7,800 units2015-2018 Technology Levy Project PlanProjectsCalendar Year2015201620172018Project TotalElementary Computer Refresh$1,750,000$1,750,000$1,750,000$1,750,000$7,000,000Teacher Laptop Refresh$700,000$700,000$1,400,000One-to-One Middle School Refresh$2,800,000$2,800,000$5,600,000One-to-One High School Refresh$2,800,000$2,800,000$2,800,000$2,800,000$11,200,000Add Elementary One-to-One Mobile Devices$1,650,000$1,650,000$1,650,000$1,650,000$6,600,000Total:$6,200,000$9,700,000$9,700,000$6,200,000$31,800,000

Debt ServiceDEBT SERVICE FUND

REVENUEEXPENDITURESBeginning Fund Balance$12,339,228Expenditures$27,217,384Revenues27,425,172Transfers In7,067Ending Fund Balance$12,554,083TOTAL AVAILABLE$39,771,467

ASBASB FUND

REVENUEEXPENDITURESBeginning Fund Balance$1,338,212Expenditures$4,894,815Revenues4,894,510TOTAL AVAILABLE$6,232,722Ending Fund Balance$1,337,907

TVF

REVENUEEXPENDITURESBeginning Fund Balance$400,000Expenditures$1,050,000Revenue691,101TOTAL AVAILABLE$1,091,101Transfers Out0.0

Ending Fund Balance$41,101

Expenditure of $1,050,000 to purchase approximately 8 buses

Transportation Levy???

Budget SummaryKent School District Budget Summary 2014-2015General FundCapitalProjects FundDebtService FundASB FundTransportationVehicle FundTotalAll BudgetsBeginning Fund Balance$29,661,204$10,289,333$12,339,228$1,338,212$400,000$54,027,977Revenues296,078,2837,640,00027,425,1724,894,510691,101$336,729,066


Expenditures306,139,79216,081,37027,217,3844,894,8151,050,000$355,383,361

Transfers In/(Out)(7,067)0.07,0670.00.00.0


Budget Comp




Total Budget$287,525,409100.00%$306,139,792100.00%$18,614,3836.47%


Total Revenues248.941246.100248.177246.308252.491273.620

Total Available267.232268.748267.780268.800279.629303.626





GF 14-15General Fund 2014-2015 ActualEstimatedF-195 Budget(MILLION $)2012-132013-142014-15Beginning Fund Balance27.13830.00629.662


Total Available279.629303.626325.740







GF Staffing





Local EP&O Levy$59,011,066$60,200,354$63,803,88721.55%Local Non Tax6,782,7836,134,5156,997,0392.36%State Apportionment135,586,753148,659,250156,730,35052.94%State Grants29,611,70035,120,81041,865,38914.14%Federal Grants21,220,67423,304,68725,891,6188.74%All Other278,327200,000790,0000.27%Total Revenues$252,491,303$273,619,616$296,078,283100.00%Less: Expenditures 249.623273.964306.147Revenue/Exp Imbalance2.868-0.344-10.069




Fund Balance






2015-16 to 2017-18






Fall 2014$64,000,000$2,867,097$61,132,90347.01%$28,738,578






REVENUE Beginning Fund Balance$10,289,333Revenues1,620,800Capital ProjectsTech Levy6,019,200Video Surveillance Cameras2,626,616TOTAL AVAILABLE$17,929,333Intruder Locks1,517,057Portables1,500,000EXPENDITURES Access Control Projects1,285,572Expenditures$16,081,370Covington ES Replacement690,000Administration400,000Transfers Out0.0Fairwood ES Parking Lot303,063Contingency300,000Ending Fund Balance$1,847,963Gun Shot Sensors100,000Neely-O'Brien ES Parking Lot75,174Kent Valley Early Learn. Ctr.50,000Property Management45,100Scenic Hill ES Restrooms41,510Admin. Ctr. Gate and Fencing28,063Horizon ES Parking Lot24,075French Field Restrooms23,720Domestic Water Backflow Projects21,348Park Orchard19,656Kentlake HS Readerboard18,800Kentridge HS Plumbing7,116Kentridge HS Parking Lot4,500Total Expenditures$9,081,370




ASBASB FUND


TVF






Expenditures306,139,79216,081,37027,217,3844,894,8151,050,000$355,383,361

Transfers In/(Out)(7,067)0.07,0670.00.00.0


Budget Comp




Total Budget$287,525,409100.00%$306,139,792100.00%$18,614,3836.47%

13-14 UpdateGeneral Fund 2013-2014 UpdateActualActualActualActualActualEstimated2008-092009-102010-112011-122012-132013-14Beginning Fund Balance18.29122.64819.60322.49227.13830.006

Total Revenues248.941246.100248.177246.308252.491273.620

Total Available267.232268.748267.780268.800279.629303.626







Total Available279.629303.626325.740







GF Staffing









Fund Balance






2015-16 to 2017-18






Fall 2014$64,000,000$2,867,097$61,132,90347.01%$28,738,578










ASBASB FUND


TVF







Expenditures306,139,79216,081,37027,217,3844,894,8151,050,000$355,383,361

Transfers In/(Out)(7,067)0.07,0670.00.00.0


Budget Comp




Total Budget$287,525,409100.00%$306,139,792100.00%$18,614,3836.47%


Total Revenues248.941246.100248.177246.308252.491273.620

Total Available267.232268.748267.780268.800279.629303.626







Total Available279.629303.626325.740







GF Staffing

2012-132013-142014-15BASIC EDUCATION PERSONNEL FUNDINGBudgetBudgetBudgetCertificated FTE1589.51614.981735.99Basic Education StaffTotal for 2014-15Basic EdFormula FundedAbove FormulaStaffEP&O FundedChange from Prior Yearn/a25.48121.01Certificated Instructional Staff1,410.6381,259.920150.718% Change from Prior Yearn/a1.60%7.49%Certificated Administrative Staff108.834103.4905.344Classified Staff589.939441.660148.279Classified FTE974.26997.491039.08Total Basic Education Staff2,109.4111,805.070304.341Change from Prior Yearn/a23.2341.59% Change from Prior Yearn/a2.38%4.17%

Administrative FTE106.56121.99138.56Change from Prior Yearn/a15.4316.57% Change from Prior Yearn/a14.48%13.58%







Fund Balance






2015-16 to 2017-18






Fall 2014$64,000,000$2,867,097$61,132,90347.01%$28,738,578










ASBASB FUND


TVF






Expenditures306,139,79216,081,37027,217,3844,894,8151,050,000$355,383,361

Transfers In/(Out)(7,067)0.07,0670.00.00.0


Budget Comp




Total Budget$287,525,409100.00%$306,139,792100.00%$18,614,3836.47%


Total Revenues248.941246.100248.177246.308252.491273.620

Total Available267.232268.748267.780268.800279.629303.626







Total Available279.629303.626325.740







GF Staffing




14-15 RevenuesActualEstimatedF-195 BudgetRevenues: 2012-132013-142014-15





Fund Balance






2015-16 to 2017-18






Fall 2014$64,000,000$2,867,097$61,132,90347.01%$28,738,578










ASBASB FUND


TVF






Expenditures306,139,79216,081,37027,217,3844,894,8151,050,000$355,383,361

Transfers In/(Out)(7,067)0.07,0670.00.00.0


Budget Comp




Total Budget$287,525,409100.00%$306,139,792100.00%$18,614,3836.47%


Total Revenues248.941246.100248.177246.308252.491273.620

Total Available267.232268.748267.780268.800279.629303.626







Total Available279.629303.626325.740







GF Staffing




14-15 RevenuesActualEstimatedF-195 BudgetRevenues: 2012-132013-142014-15


14-15 Exp by ActExpenditures ActualF-195 BudgetF-195 BudgetActivity2012-132013-142014-15%Teaching Activities$148,754,472$177,767,210$185,543,23660.61%Teaching Support26,435,48327,957,39733,223,00610.85%Other Supportive Activities43,847,51349,796,79149,982,53916.33%Building Administration17,211,34719,018,06720,626,4996.74%Central Adminstration13,028,90612,985,94416,764,5125.48%Total Expenditures$249,277,721$287,525,409$306,139,792100.00%



Fund Balance






2015-16 to 2017-18






Fall 2014$64,000,000$2,867,097$61,132,90347.01%$28,738,578










ASBASB FUND


TVF






Expenditures306,139,79216,081,37027,217,3844,894,8151,050,000$355,383,361

Transfers In/(Out)(7,067)0.07,0670.00.00.0


Budget Comp




Total Budget$287,525,409100.00%$306,139,792100.00%$18,614,3836.47%

13-14 UpdateGeneral Fund 2013-2014 UpdateActualActualActualActualActualEstimated2008-092009-102010-112011-122012-132013-14Beginning Fund Balance18.29122.64819.60322.49227.13830.006

Total Revenues248.941246.100248.177246.308252.491273.620

Total Available267.232268.748267.780268.800279.629303.626







Total Available279.629303.626325.740







GF Staffing









Fund Balance






2015-16 to 2017-18






Fall 2014$64,000,000$2,867,097$61,132,90347.01%$28,738,578






REVENUE Beginning Fund Balance$10,289,333Revenues1,620,800EXPENDITURESTech Levy6,019,200Tech Levy Projects$7,000,000TOTAL AVAILABLE$17,929,333Video Surveillance Cameras2,626,616Intruder Locks1,517,057EXPENDITURES Portables1,500,000Expenditures$16,081,370Access Control Projects1,285,572Covington ES Replacement690,000Transfers Out0.0Administration400,000Fairwood ES Parking Lot303,063Ending Fund Balance$1,847,963Contingency300,000Gun Shot Sensors100,000Neely-O'Brien ES Parking Lot75,174Kent Valley Early Learn. Ctr.50,000Property Management45,100Scenic Hill ES Restrooms41,510Admin. Ctr. Gate and Fencing28,063Horizon ES Parking Lot24,075French Field Restrooms23,720Domestic Water Backflow Projects21,348Park Orchard19,656Kentlake HS Readerboard18,800Kentridge HS Plumbing7,116Kentridge HS Parking Lot4,500Total Expenditures$16,081,370Tech Levy ProjectsProject2014-15Budget1:1 Initive$3.5millionParaeducator Laptops$0.5millionTech. Refresh$2.0millionElem. Mobile Devices$1.0millionTotal Tech Levy Budget$7.0million

ProjectsCalendar Year2015201620172018Project TotalElementary Computer Refresh$1,750,000$1,750,000$1,750,000$1,750,000$7,000,000Teacher Laptop Refresh$700,000$700,000$1,400,000One-to-One Middle School Refresh$2,800,000$2,800,000$5,600,000One-to-One High School Refresh$2,800,000$2,800,000$2,800,000$2,800,000$11,200,000Add Elementary One-to-One Mobile Devices$1,650,000$1,650,000$1,650,000$1,650,000$6,600,000Total:$6,200,000$9,700,000$9,700,000$6,200,000$31,800,000



ASBASB FUND


TVF





Budget Summary2014-2015 DISTRICT BUDGETSKent School DistrictBUDGET SUMMARYGeneralFundCapital ProjectDebtServiceASBTransp.VehicleTotalAll FundsABeginning Fund Balance$29,661,204$10,289,333$12,339,228$1,338,212$400,000$54,027,977

BRevenues296,078,2837,640,00027,425,1724,894,510691,101$336,729,066

CTransfers In0.00.07,0670.00.0$7,067

DTotal Available325,739,48717,929,33339,771,4676,232,7221,091,101$390,764,110

EExpenditures306,139,79216,081,37027,217,3844,894,8151,050,000$355,383,361

FTransfers Out7,0670.00.00.00.0$7,067

GEnding Fund Balance$19,592,628$1,847,963$12,554,083$1,337,907$41,101$35,373,682

Budget Comparison2014-2015 DISTRICT BUDGETSKent School DistrictComparison of the proposed budgets for 2014-2015 to 2013-2014 shows:GeneralCapital Debt Trans.FundProjects*ServiceASBVehicleTotal2014-2015$306,139,792$16,081,370$27,217,384$4,894,815$1,050,000$355,383,3612013-2014$287,525,409$21,071,030$32,134,349$5,039,159$950,000$346,719,947Difference$18,614,383($4,989,660)($4,916,965)($144,344)$100,000$8,663,414* Capital Projects budget was amended in May 2014 to $21,071,030 from $17,971,030

Comparison between 2013-2014 and 2014-2015 F-195 General Fund Budget

ObjectDescription13-14Budget% toTotal14-15Budget% to TotalDifferencefrom13-14% Change2Certificated Salaries$126,232,47843.90%$135,612,20144.30%$9,379,7237.43%3Classified Salaries46,475,07016.16%50,415,69416.47%$3,940,6248.48%4Payroll Taxes and Other Benefits57,809,24320.11%64,411,00821.04%$6,601,76511.42%Total Personnel$230,516,79180.17%$250,438,90381.81%$19,922,1128.64%


Total Budget$287,525,409100.00%$306,139,792100.00%$18,614,3836.47%

REV_Exp FB Other Funds2014-2015 DISTRICT BUDGETSKent School District

GENERAL FUND

Col. ACol. BCol. CCol. DCol. ECol. FREVENUEBASIC EDUCATIONEncroachmentBasicInclusiveGrantsNutritionalEducationEducationTransportationCategoricalServicesTotalState Basic Education146,451,089146,451,089Levy Equalization 5,082,7461,147,6536,230,399M & O Levy51,861,99810,808,5591,133,33063,803,887Local Non-Tax Revenue4,245,0002,752,0396,997,039Inclusive Ed. State Basic Ed..4,048,8624,048,862Inclusive Education State15,000,80115,000,801Sp. Education Federal6,039,0026,039,002Transportation-State7,698,0057,698,005Trans. McKinney Vento0.0Grants/Categorical State12,991,69712,991,697Grants/Categorical Federal20,00010,935,79010,955,790Nutritional Services State174,886174,886Nutritional Services Federal8,896,8268,896,826Other Revenue790,000790,000Contingency Reserve6,000,0006,000,000TOTAL REVENUE208,450,83337,044,8778,831,33529,927,48711,823,751296,078,283

2014-2015 DISTRICT BUDGETSKent School District

GENERAL FUND

Col. ACol. BCol. CCol. DCol. ECol. FPERSONNELBASIC EDUCATIONEncroachmentBasicInclusiveGrantsNutritionalEducationEducationTransportationCategoricalServicesTotalSalaries: Certificated87,428,50313,067,9915,547,379106,043,873Certificated TRI/Stipends19,048,1114,521,0833,154,24426,723,438Certificated Extracurricular350,740350,740Salaries: Classified27,722,1346,789,1094,709,8464,099,8492,752,07546,073,013Classified Effective Ed.246,11761,65824,158331,933Substitutes2,149,139392,040383,100166,4219,3003,100,000Overtime/Other Pay/Stipends2,920,607182,8060.0301,4853,404,898Statutory Benefits27,582,9213,273,4841,264,2761,676,8521,431,45935,228,992Health & Welfare Benefits19,440,3323,971,257895,5831,823,561721,30926,852,042Retiree Insurance1,686,854344,58977,710158,23262,5892,329,974TOTAL PERSONNEL188,575,45832,604,0177,330,51516,952,1814,976,732250,438,903


GENERAL FUND

Col. ACol. BCol. CCol. DCol. ECol. FMaterial, Supplies andBASIC EDUCATIONOperating Costs (MSOC)EncroachmentBasicInclusiveGrantsNutritionalEducationEducationTransportationCategoricalServicesTotalSchool Allocations2,206,9062,206,906Department Allocations8,230,3901,100,8209,331,210Textbooks/Consumables1,100,0001,100,000District Operational6,527,1536,527,153Utilities5,844,000111,4005,955,400Inclusive Education4,440,8600.04,440,860Transportation0.0Trans. McKinney Vento400,000400,000Grants/Categorical7,975,3067,975,306Nutritional Services6,406,2336,406,233Other5,357,8215,357,821Contingency Reserve1,000,0005,000,0006,000,000TOTAL NON-PERSONNEL30,266,2704,440,8601,500,82012,975,3066,517,63355,700,889

TOTAL GENERAL FUND218,841,72837,044,8778,831,33529,927,48711,494,365306,139,792EXPENDITURESPERSONNEL PLUSNON-PERSONNEL


GENERAL FUND

Col. ACol. BCol. CCol. DCol. ECol. FBASIC EDUCATIONEncroachmentBasicInclusiveGrantsNutritionalEducationEducationTransportationCategoricalServicesTotalTOTAL GENERAL FUND218,841,72837,044,8778,831,33529,927,48711,494,365306,139,792EXPENDITURESPERSONNEL PLUSNON-PERSONNEL

CASH: REVENUE TO EXPENDITURESCol. ACol. BCol. CCol. DCol. ECol. FBASIC EDUCATIONEncroachmentBasicInclusiveGrantsNutritionalEducationEducationTransportationCategoricalServicesTotalRevenue208,450,83337,044,8778,831,33529,927,48711,823,751296,078,283Expenditures218,841,72837,044,8778,831,33529,927,48711,494,365306,139,792Revenue to Expenditures(10,390,895)0.00.00.0329,386(10,061,509)


ESTIMATED ENDING FUND BALANCE

GENERAL FUNDAugust 31, 2015Ending Fund Balance ClassificationsAmountClassification ExplanationsNonSpendable Fund Balance500,000Represents those amounts of the fund balance that cannot be spent either because they are not in a spendable form, such as nutritional service orwarehouse inventories, or are legally required to bemaintained intact.Restricted Fund BalanceRepresents those amounts that, except for theGrant Carryover, Special Projects,400,000items reported as items NonSpendable, are restrictedOutstanding PO's, Encumbrancesto a specific purpose. These restrictions are imposed bylaw, regulation, creditors or contributors, and Nutrition Service (USDA Requirement)500,000include self-insurance reserves for workerscompensation and unemployment, reservations forRestricted for Self Insurance1,250,000future losses not covered by insurance and grantcarryovers.Committed Fund BalanceRepresents those amounts that can only be used (1) General Fund Budget15,006,990for the specific purposes approved by the Board ofDirectors. (1) The General Fund Committed FundBalance is the amount that at the end of the fiscalyear should be sufficient to compensate for economicuncertainties in the new fiscal year and will betargeted at a minimum of five percent (5%) of theprevious fiscal years actual General Fundexpenditures. (2) The Food Services Committed FundBalance will be the difference between the previousfiscal year actual revenue less actual expenditures.


ESTIMATED ENDING FUND BALANCE

GENERAL FUND

Ending Fund Balance ClassificationsAmountClassification ExplanationsAssigned Fund BalanceRepresents those amounts that are constrained by the "Green School "Site Preparation0.0the district's intent to be used for specific purpose butProject Carryovers750,000are neither restricted nor committed. Included in this Federal/State Grant Changes0.0portion of the fund balance can be reservations to covercontingencies such as unanticipated changes in taxand spending policies of the Federal and State governments, court decisions, financial impacts oflabor agreements, natural disasters, unexpected oremergency capital expenditures and special projects.Unassigned Fund Balance1,185,638This is the residual fund balance designation andrepresents that amount of fund balance that isspendable because the amount has not beendesignated as NonSpendable or been restricted,committed or assigned for specific purposes.TOTAL ENDING FUND BALANCE19,592,628

2014-2015 DISTRICT BUDGETSKent School DistrictCAPITAL PROJECT FUND



DEBT SERVICE FUND


2014-2015 DISTRICT BUDGETSKent School DistrictASB FUND


2014-2015 DISTRICT BUDGETSKent School DistrictTRANSPORTATION VEHICLE FUND

2014-2015 Budget

Documents

Transcript of 2014-2015 Budget