CTMSSCHOOL FINANCE DISCUSSIONS

APRIL 25 , 2014

Budget

GCISD Budget General Operating-$140 Million Child Nutrition-$6.2 Million Debt Service-$31 Million

Building a Campus Budget Campus Allocations-Per Pupil- CTMS $123,220 (2014-

15) Per Student ($92)-$73,968 Athletics ($13)-$10,452 Staff Development ($60)-$2,400 Special Programs-$36,400

Budget

Building a Campus Budget Principal works with teachers Principal works with Campus Excellence Committee

(CEC) Distributes the budget based on needs

Building a District Budget Estimate Revenues (Money in the bank) Estimate Payroll Costs-86% of budget-$93 Million Estimate Fixed Costs (We must pay!) Estimate Recapture Payment (Robin Hood)-$24 Million

Budget

Revenue Estimates (Money in the Bank) Tax Revenues

Estimated based on tax properties Estimated based on current tax rate

State Revenues Calculate based on current formulas approved by the

Legislators and projected student enrollment Federal Revenues

Flood Control Payment

Budget

Revenue Estimates (Money in the Bank) Other Local Revenues

Athletic receipts Tuition Rentals ECDC/KidzU Phone Tower Rentals Participation Fees Interest Parking Fees

Budget

2013-2014 Rev-enues by Source*

TaxesKidzU/ECDCOther LocalStateFederal

Source Amount %

Taxes $80,621,230 81.38

KidzU/ECDC

2,160,000 2.18

Other Local 3,040,900 3.07

State 11,878,694 11.99

Federal 1,361,454 1.38

TOTAL $99,062,278

* Excludes TIF ($8,000,000) and Recapture ($23,949,387)

Budget

Expenditure Estimates (Money out of the Bank) Payroll Supplies & Materials Utilities Insurance Other Recapture (Robin Hood)

Budget

Recapture-Robin Hood Payment Wealthy property district Wealth per Student-$661,014 Maximum wealth per student allowed-$495,000 Golden Pennies-6 cents of tax rate not sent to State

Budget

Object Amount %

Payroll $92,551,650 85.86

Contracted Service 9,324,672 8.65

Supplies 3,941,126 3.65

Other 1,931,982 1.79

Capital Outlay 36,368 .05

TOTAL $107,785,798

2013-2014 Expen-ditures By Object*

PayrollContracted ServiceSuppliesOtherCapital Out-lay

* Excludes TIF ($8,000,000) and Recapture ($23,949,387)

Budget

2013-2014 2014-2015 2015-2016

Revenues $99,062,278

$101,769,286

$100,743,609

Expenditures $107,785,798

$108,132,805

$108,510,554

Difference ($8,723,520)

($6,363,519) ($7,766,945)

Budgets before any cost of living adjustments for employees.

What to Do??

Increase students Changed transfer policy to allow students from

outside the district if they live in Grapevine or Colleyville

Started iUniversity Prep (a virtual school) Come to school

2013-2014 1st Semester attendance rate 97.9% Increase attendance rate by .5% to 98.4% Increase funding for year--$231,933

Increase revenues Have to ask citizens to increase tax rate Lawsuit against the State

What to Do??

Ruling:“Eight years ago, at the conclusion of a

previous school finance case, I said that education costs money but that ignorance costs more money….it is the people of Texas who must set the standards, make the sacrifice, and give direction to their leaders as to what kind of education system they want….the problems only get worse the longer we wait.”----Judge John DietzIDEAS???