Fundamentals for Grantseekers Funding College Access and Financial Aid Initiatives.
May 21, 2018...Anticipated Funding 2018-19 Est. Funding – KSDE Runs Weighted FTE Increase General...
Transcript of May 21, 2018...Anticipated Funding 2018-19 Est. Funding – KSDE Runs Weighted FTE Increase General...
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2018-19 Budget Workshop May 21, 2018
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Supported Funds $234,388,424
Flow-Through $31,463,046
Self-Supported $23,055,086
Capital & Debt Retirement
$78,020,891
Federal $11,105,298
2018-19 Summary of Fund Types
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SUPPORTED (OPERATING) FUNDS
• Funds are used to account for the general operation
of the district.
• Includes the general and supplemental general fund,
as well as other funds that are supported by transfers
from these funds.
• Main revenue sources -- state aid, local taxes and
reimbursable fees.
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Current Budget Assumptions: Funding
• BASE increases $159 to $4,165
• Special Education funding increased due to increase
in categorical aid and transportation cost
reimbursement
• LOB funding decreases due to less weighted FTE
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Anticipated Funding
2018-19 Est. Funding – KSDE Runs
Weighted FTE Increase
General State Aid 35,599.2 2,391,167
SPED State Aid 4,842.5 1,904,459
LOB Restored 36,303.9 -
Funding Increase $4,295,626
2018-19 Est. Funding – SMSD Estimate
Weighted FTE Increase
General State Aid 35,653.7 3,064,549
SPED State Aid 5,272.6 2,025,900
LOB Restored 35,653.7 (961,919)
Funding Increase $4,128,530
Reimbursables/Other 444,319
Estimated Funding
Increase
$4,572,849
Adjustments for SMSD Estimate Enrollment drop after 2015-16 (-376.8 FTE)
Student Growth Reserve added ($1.2 million)
Bilingual – decreased 15%
Vocational Ed – increased 10%
New Facilities – Lenexa Hills added
Declining enrollment eliminated (-397.8 FTE)
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2018-19 Estimated Supported Funds
General $148,497,931
LOB 61,440,697
Special Education 21,866,635
Reimbursables 2,491,750
Medicaid 1,340,000
Other 898,465
Total $236,535,478
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Current Budget Assumptions: Expenditures
• Professional Growth included; no other salary
increases - $500,000
• Personnel Changes of 15.9 FTE - $1,606,000
• Maintains health cap at $649 - $657,000
• Includes 3% increase for transportation - $444,000
• Includes decrease for textbooks – ($900,000)
• Student Growth Reserve added - $1,200,000
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112,840,949 48.2%
1,541,534 0.7%
12,713,799 5.4%
26,459,880 11.3%
9,361,047 4.0%
32,443,426 13.8%
14,353,522 6.1%
9,639,493 4.1%
12,949,100 5.5%
2,085,675 0.9%
2018-19 Budget Summary
Teachers Pyschologists
Administrators Classified
Other Salaries Benefits
Transportation Utilities
Supplies & Services Other
83.4% of Budget for Salaries and Benefits –
$195,360,634
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Summary of Fund Balances
Actual Restated
Original Projected Anticipated
2016-17 2017-18 2017-18 2018-19
Base State Aid Per Pupil $3,852 $4,006 $4,006 $4,165
Revenues $216,099,302 $234,628,748 $231,962,629 $236,535,478
Expenditures $216,507,717 $233,182,089 $233,158,820 $234,388,424
Surplus (Deficit)
Operating ($408,415) $1,446,659 ($1,196,191) $2,147,054
Workers' Compensation 600,000 0 0 0
Beginning Fund Balance $15,910,190 $15,501,775 $15,501,775 $14,305,584
Ending Fund Balance $15,501,775 $16,948,434 $14,305,584 $16,452,638
Balance as % of Expenditures 7.16% 7.27% 6.14% 8.13%
Workers Comp Reserve $2,600,000 $2,600,000 $2,600,000 $2,600,000
Contingency Reserve $5,638,052 $5,638,052 $5,638,052 $5,638,052
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FLOW-THROUGH FUNDS TO THE STATE
Cost of Living $ 6,508,796
KPERS 24,954,250
Total $ 31,463,046
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SELF-SUPPORTED FUNDS
• Revenue received equals (or exceeds) the
expenditure budget
• Receive no transfers from general or LOB fund
• Revenue received is for a specific purpose
• Revenue includes:
• Fees
• Local Taxes
• Interest
• Gifts, Grants, and/or Donations
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Self Supported Funds
Fund
Beginning Balance
Receipts
Expenditures
Ending Balance
Adult Supplemental $ 35,421 $ 0 $ 35,421 $ 0
E‐School 389,264 76,500 81,235 384,529
Food Service 3,538,957 10,998,367 14,532,452 4,872
Summer School 947,519 474,000 768,562 652,957
Special Liability 1,847,982 401,042 1,241,675 1,007,349
Student Materials 346,102 739,000 1,085,102 0
Textbook Rental 3,750,643 919,755 2,877,909 1,792,489
Health Reserve 51,724 1,336,000 1,320,000 67,724
Gifts, Grants & Donations 1,345,113 1,169,671 1,026,641 1,488,143
Drug Free Schools‐Local 47,089 39,000 86,089 0
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CAPITAL & DEBT RETIREMENT FUNDS
• Capital Outlay fund - receives local taxes for the purpose
of construction, repair, remodeling, furnishings,
equipment, software, uniforms and technology for district
facilities.
• Debt Retirement fund - receives local taxes for the
payment of interest & principal on general long‐term
debt and special assessments.
• These funds can not be used for operating expenditures.
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Assessed Valuation (In Billions)
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
$3.863
6.24%
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Beginning Fund Balance $ 18,365,395
Property Taxes 29,683,598
Motor Vehicle Taxes 3,258,514
Miscellaneous 49,853
Apple Repair/Replacement Fees 150,000
Apple Trade-In 1,653,100
Sale of Warehouse 2,400,000
Total Budget Available $55,560,460
Capital Outlay: Revenue
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Instructional $ 980,317
Departments 4,708,717
Operations and Maintenance 12,550,000
Salaries and Benefits 4,356,723
Bond and Note Payments 19,539,843
Unallocated Projects 8,424,859
Total Capital Outlay $ 50,560,459
Capital Outlay: Expenditures
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0.00 5.00 10.00 15.00 20.00 25.00 30.00
2019
2021
2023
2025
2027
2029
2031
2033
2035
2037
2039
In Millions
Debt Service Requirements by Year and Issue
1996A - Refunding
2008A - Refunding
2012A - Refunding
2015A - Construction
2016B - Construction
Interest
7.440
Current Mill
Rate
7.434
Projected
Mill Rates
7.434
6.934
6.934
6.934
6.934
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Fund
Beginning Balance
Receipts
Expenditures
Ending Balance
Bond & Interest $ 23,833,183 $ 29,666,958 $ 26,560,432 $ 26,939,709
Special Assessment 640,751 753,939 900,000 494,690
Other Debt Funds
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• Federal grants received directly from the federal
government or passed through the state of Kansas.
• Restricted to the specific use detailed in the grant
documents.
FEDERAL FUNDS
Title I $3,205,001
Title I Migrant 73,000
Title IIA 609,192
Title III 232,494
Title VIB 6,166,203
Carl Perkins 175,087
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0.000
10.000
20.000
30.000
40.000
50.000
60.000
70.000
Special Liability
Special Assessment
Declining Enrollment
Cost of Living
Bond & Interest
Capital Outlay
LOB
General Fund
* Anticipated 2018 cost to owner of $200,000 home -- $1,169
Mill Levy History Projected 2018
Mill Levy – 52.822
(1.57% decrease)
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TOTAL OF ALL BUDGETS
Projected
Expenditures
2017-18
Requested
Budget
2018-19
Supported $ 233,158,820 $ 234,388,424
Self‐Supported Funds 15,780,021 23,055,086
Capital & Debt Retirement 69,247,250 78,020,891
Flow‐Through Funds to State 29,607,038 31,463,046
Federal Funds 11,519,882 11,105,298
Total Budgets* $ 359,313,011 $ 378,032,745
* Actual budget amounts will be increased by student growth reserve, fund transfers and ending balances in accordance with the state reporting format.
Total of All Budgets
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Budget Timeline
Budget Workshop May 21,2018
Approval of Publication July 23, 2018 (tentative)
Publication of Notice of Hearing in KC Star July 26, 2018 (approximately)
10-day Publication Noticed Ends August 5, 2018
Budget Hearing and Adoption August 13, 2018 (tentative)
Budget Submission Deadline August 25, 2018
Presentation can be found at SMSD.org – Budget & Finance Section
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