Budget. The School District of Springfield, R E. St. Louis Street Springfield, MO 65802

Transcription

1 Budget The School District of Springfield, R E. St. Louis Street Springfield, MO Dr. John Jungmann, Superintendent Ms. Carol Embree, Chief Finance & Operations Officer Ms. Kim Mulvaney, Director of Finance Ms. Cara Stassel, Assistant Director of Financial Operations Mr. Wayland Mueller, Assistant Director of Financial Control

2 THE SCHOOL DISTRICT OF SPRINGFIELD R-12 EXECUTIVE SUMMARY BUDGET MESSAGE FISCAL YEAR The budget information contained in this report is in compliance with the requirements of Board of Education policy DB Annual Budget. As noted in the policy, the planning and preparation of the budget is a continuing process. As stakeholders throughout the system continue to engage in the redesign of the strategic plan, the budget will continue to evolve and change in response to the mission critical focus areas and strategies. The annual budget must include the following statutory requirements: A budget message describing the important features of the budget and major changes from the preceding year. Estimated revenues to be received from all sources for the fiscal year, with a comparative statement of actual or estimated revenues for the two years immediately preceding, itemized by year, fund and source. Proposed expenditures for each department, office and other classification for the budget year, together with a comparative statement of actual or estimated expenditures for the two years immediately preceding, itemized by year, fund, activity and object. The amount required for the payment of interest, amortization and redemption charges on the debt of the school district. A general budget summary The development of the budget for the School District of Springfield, R-12 has included a multitude of budget meetings conducted with individual leaders to ascertain the necessary levels of financial support and to identify areas for process improvement and operational efficiency. Changes occur frequently in this dynamic organization and the information represented is the most current information available at this time. Budget amendments will be made throughout the year to keep the Board of Education and public apprised of changes in our revenues, expenditures and operating fund balance. The following summary highlights the important features of the budget and major changes from the preceding year: Operating Budget A balanced budget is presented for the fiscal year. The operating budget includes expenditures of $258,398,642 and revenue of $259,403,539. Operating expenditures include general fund and teacher fund obligations including salary and benefits, and purchased services and supplies. Revenue Budget- The total anticipated revenue for all funds is $318,870,504. This total includes $259,403,539 Operating (General and Teacher Funds combined), $20,918,965 Debt Service, $9,910,824 Capital, $27,976 Bond, $28,000,000 Health Benefit Trust, and $609,200 Greater Ozarks Center for Advanced Professional Studies (GO CAPS) Fiscal Agent. Local tax revenue provides for 47 percent of the operating revenue budget and is calculated using the assessed value of property and the district tax rate or levy. Proposition C Sales tax revenue is dependent on sales tax revenue generated throughout the state of Missouri and distributed by the prior year weighted average daily attendance per district. Local tax revenue is based on the assessed valuation of property within the District and the district tax levy. Assessed valuation data for the 2016 tax year will be provided in August. The operating levy for 2016 will be determined in August upon receipt of the certified assessed valuation data utilizing the Consumer Price Index of.7 percent. Currently, a 1.8 percent increase is included in the operating budget, due primarily to the report from the Greene County Assessor that new construction is currently estimated at $52.8 million. The tax rate hearing will be held on August 23, 2016 and necessary changes will be applied to local revenue projections through a budget amendment. Page 1

3 THE SCHOOL DISTRICT OF SPRINGFIELD R-12 EXECUTIVE SUMMARY BUDGET MESSAGE FISCAL YEAR Proposition C sales tax is estimated at $960 per Weighted Average Daily Attendance for the prior fiscal year. At this time, $23,531,180 is included in projections and represents 9.07 percent of the operating budget. The State Basic Formula and Classroom Trust Fund revenue allocation of $63,327,638 provides 24 percent of the operating revenue budget. With the addition an estimated $70 million in the statewide allocation, the State Adequacy Target (SAT) for Basic Formula and Classroom Trust Fund for students in is anticipated to be $6,125 per weighted average daily attendance (WADA). Enrollment for projection purposes has remained flat. After the official enrollment count in September, a budget amendment will be provided to modify the original student membership revenue projections. The first calculation of the formula for provided by the Department of Elementary and Secondary Education will be made in November after enrollment data is submitted state-wide. The SAT in the fiscal year was reported at just over $6,145 per WADA. DESE provides reports each month reflecting changes to the SAT and budget amendments will be presented throughout the year in response to those changes. Other primary changes to revenues include an increase for M & M Surcharge Tax of $483,464, increases for Nutrition Services local and federal revenue totaling $1,906,448, and a reduction of the Federal FEMA reimbursement revenue in the amount of $3,330,556 that should be settled in FY16. Expenditure Budget- The total anticipated expenditures for all funds is estimated at $325,645,136. This total includes $258,398,642 Operating (General and Teacher Funds combined), $21,975,718 Debt Service, and $9,911,261 Non-Bond Capital, $6,796,541 Bond, $28,000,000 Health Benefit Trust, and $562,974 GOCAPS Fiscal Agent. Increases to the operating budget include an allocation for salary and benefits in the amount of $6,113,981 for all employees including estimates based on the negotiations with the five bargaining units. A few reallocations of full-time equivalency (FTE) positions and an expanded use of federal resources to support learning are included. Early Childhood program support is possible through the expansion of Title I funding and the addition of Parents as Teachers educators. Approximately $350,000 of increased federal resources will support the Title I needs. Specific information regarding collective bargaining recommendations for consideration by the Board of Education June 28, 2016 are as follows: 1. The economic negotiations between the School District of Springfield R-12 and the Springfield National Education Association (Teachers, Counselors, & Librarians) in their representation of the District s Teachers, Counselors, and Librarians began on March 28, 2016 and concluded on April 20, 2016 with the following amendments pending approval of the Board of Education: All eligible bargaining unit employees will receive one step on the Teachers Salary Schedule; The Salary Schedule Cost of Living increase is contingent on the State Adequacy Target (SAT) as of June 30, 2016, with a guarantee of 1.25%; if the June 30, 2016, SAT is at $6, but less than $6, the Cost of Living is 1.50%; or if the SAT is $6, or higher the Cost of Living adjustment will be 1.75%*; Lateral movement on the Salary Schedule for members with advanced degrees was agreed upon, which allows unit employee to move forward to the appropriate column of the salary schedule based on their level of education; and One step to the current stipend schedule. Page 2

4 THE SCHOOL DISTRICT OF SPRINGFIELD R-12 EXECUTIVE SUMMARY BUDGET MESSAGE FISCAL YEAR 2. The economic negotiations between the School District of Springfield R-12 and the Springfield Educational Support Personnel (Maintenance, Custodial, & Supply) began on March 23, 2016, and concluded on April 13, 2016, with the following amendments pending approval of the Board of Education: All eligible bargaining unit employees will receive one step increase based on the Maintenance, Custodial & Supply Salary Schedule; The salary schedules will be increased for Cost of Living by 3% for all Job Codes at Step 8; 1.5% for Job Codes 25 through 28 at Step 7; and.5% salary increase to the 2 nd shift/night differential. 3. The economic negotiations between the School District of Springfield R-12 and the Springfield National Education Association (Clerical) began on April 14, 2016, and concluded on May 13, 2016, with the following amendments pending approval of the Board of Education: All eligible bargaining unit employees will receive one step increase on the Secretarial/Clerical Salary Schedule; The salary schedule will be increased for Cost of Living by 1.00% for Steps 1 through Step 9 and 2% for Step 10; and Agreed to a two-year agreement for non-economics. 4. The economic negotiations between the School District of Springfield R-12 and the Springfield National Education Association (School Nurses) began on March 24, 2016, and concluded on April 11, 2016, with the following amendments pending approval by the Board of Education: All eligible bargaining unit employees will receive one step on the Nursing Salary Schedule; The salary schedule will be increased for Cost of Living by 1.25%; and One additional workday added to the Nurses School Calendar for a total of 188 days; The expansion of Master s degrees that are paid on the MSN Salary Schedule will include Education, Nursing, Social Work and Guidance & Counseling. 5. The economic negotiations between the School District of Springfield R-12 and the Teamster Local 245 (Transportation) began on May 12, 2016, and concluded on May 27, 2016, with the following amendments pending approval by the Board of Education: All eligible bargaining unit employees will receive one step on the Transportation Salary Schedule; The salary schedule Cost of Living increase is contingent on the State Adequacy Target (SAT) as of June 30, 2016, with a guarantee of 1.25%; if the June 30, 2016, SAT is at $6, but less than $6, the Cost of Living is 1.50%; or if the SAT is $6, or higher the Cost of Living adjustment will be 1.75%*; and Trainee rate of pay will be $10.00 per hour. *The Department of Elementary and Secondary Education provided notification June 20, 2016 that the final State Adequacy Target in the fiscal year is $6, Budgets for technology lease payments have been included. In 2016, a two year lease was obtained for technology funding that included a direct payment from operating funds for the first year. The September 2016 technology lease payment in the amount of $437,466 is included. Additionally, the April 2016 technology lease supporting year two IGNiTE for Chromebooks and ipads is included in the amount of $665,619. Other changes for expenditures from FY16 to FY17 include removal of budget allocations for the Debt Service Refunding. Page 3

5 GENERAL BUDGET SUMMARY ESTIMATED , PROJECTION Proposed General Funds 10, 50, 60 Teacher Fund 20 Debt Service Fund 30 Capital Projects Fund 40 Bond Funds Total All Governmental Funds Health Benefit Trust Fund 72 Internal Service Greater Ozarks CAPS Fund 73 Fiduciary Total Estimated Beginning Fund Balance 42,978,177-20,035,210 13,200,312 6,768,565 82,982,264 5,161, ,756 88,288,311 Proposed Revenues by Fund 118,944, ,459,462 20,918,965 9,910,824 27, ,261,304 28,000, , ,870,504 Proposed Expenditures by Fund 112,107, ,291,237 21,975,718 9,911,261 6,796, ,082,162 28,000, , ,645,136 Proposed Transfers (5,831,775) 5,831, Estimated Ending Fund Balance 43,983,074-18,978,457 13,199,875 (0) 76,161,406 5,161, ,982 81,513,679 Estimated Restricted Fund Balances - (0) - Operating Funds Fund Balance % 17.02% Operating Revenues 259,403,539 Operating Expenditures 258,398,642 Section , RSMo, provides for several interfund transfers that a school district may make. Estimated transfers for the new fiscal year include a transfer of funds required from the General Fund to the Teacher Fund to increase the balance to zero and a transfer from the General Fund to the Capital Fund for capital planning. Total All Governmental Funds Health Benefit Trust Fund 72 Internal Service Greater Ozarks CAPS Fund 73 Fiduciary Total Proposed General Funds 10, 50, 60 Teacher Fund 20 Debt Service Fund 30 Capital Projects Fund 40 Bond Funds Audited Beginning Fund Balance 39,610, ,511,825 5,515,529 34,554, ,192,332 3,255,487 (0) 192,447,818 *Revenue Estimates by Fund 114,986, ,695,838 20,494,894 10,163,599 3,375, ,716,000 27,330, , ,396,109 *Expenditure Estimates by Fund 99,919, ,645, ,971,509 6,228,816 31,161, ,926,068 25,424, , ,555,616 Proposed Transfers (11,699,388) 7,949,388-3,750, Estimated Ending Fund Balance 42,978,177-20,035,210 13,200,312 6,768,565 82,982,264 5,161, ,756 88,288,311 Estimated Restricted Fund Balances 6,768,565 *Represents estimated actual for fiscal year, not revised budget Operating Funds Fund Balance % 17.87% Operating Revenues 247,682,175 Operating Expenditures 240,564,583 Page 4

6 THREE-YEAR COMPARISON OF REVENUE-ALL FUNDS Actual* Revised Budget Budget Description General Teacher Debt Capital Total General Teacher Debt Capital Total General Teacher Debt Capital Total 5111 Current Taxes 63,829,378 50,407,312 16,356, ,593,329 64,613,122 52,866,192 18,359, ,839,108 64,613,122 52,866,192 18,359, ,839, Delinquent Taxes 1,012, , ,405-2,071,116 1,012, , ,405-2,071,117 1,012, , ,405-2,071, School District Trust Prop C - 22,511, ,511,943-23,139, ,139,192-23,139, ,139, Financial Institution 246,521-35, , ,521-30, , ,521-30, , M&M Surtax ,666,243 8,666, ,716,536 8,716, ,716,536 8,716, In Lieu of Tax 425,641-38, , ,641-22, , ,641-22, , Transportation Fees from Patrons 26, ,486 26, ,486 26, , Earnings on Investment 532, ,051 2,344,302 89,677 3,363, , , ,456 88,009 1,408, , , ,456 88,009 1,408, Food Service Program 1,321, ,321,270 1,238, ,238,496 1,238, ,238, Food Service Non-Program 2,029, ,029,913 2,017, ,017,800 2,017, ,017, Student Activities 4,331, ,331,268 4,380, ,380,000 4,380, ,380, Community Services Other - From Local Sources 1,329, ,480,024 2,809,058 1,600, ,907 2,437,969 1,600, ,907 2,437, Fines, Escheats, Etc , , , , , , State Assessed Utilities 824, , ,785-1,790, , , ,785-1,790, , , ,785-1,790, County Stock Insurance Fund 213, ,670 54, , , ,705 63, , , ,705 63, , Basic Formula - State 11,413,441 34,240, ,653,762 11,920,297 35,760, ,681,189 11,920,297 35,760, ,681, Transportation 1,997, ,997,385 1,770, ,770,563 1,770, ,770, Early Childhood Special 2,996,856 2,279, ,276,156 3,462,387 2,633, ,095,752 3,462,387 2,633, ,095, Basic Formula - Classroom Trust - 8,965, ,965,133-9,044, ,044,030-9,044, ,044, Educational Screening 352, , , , , , , , , Career Education 28, ,664 54, ,385 54, , Food Service - State 81, ,126 81, ,126 81, , Career Education Enhancement 18, , , , , , , , Residential Placement/Excess Cost 230, , , , , , High Need Fund 730, , , , , , Missouri Preschool Project 92, ,000 80, ,000 80, , Other - State Medicaid 462, , , , , , Reserve Officer Training Corps - 65, ,379-65, ,379-65, , Perkins Basic Grant,Career Edu IDEA Grants 23, ,304 21, ,880 37,237 21, ,880 37, IDEA Part B Entitlement 4,360, ,360,938 5,418, ,418,157 5,418, ,418, Early Childhood Special Educ 1,281, ,281, , , , , School Lunch Program 5,675, ,675,509 5,675, ,675,509 5,675, ,675, School Breakfast Program 2,747, ,747,564 2,747, ,747,564 2,747, ,747, After School Snack Program 26, ,403 26, ,403 26, , Fresh Fruits and Vegetable Program 275, , , , , , Title I - ESEA 2,219,230 8,000, ,219,230 2,746,247 5,600, ,346,247 2,746,247 5,600, ,346, Title I - C Migrant 30, ,764 79, ,764 79, , st Cemtury Community Learning 429, , , , , , Title III, ESEA English Lang Acquis 191, , , , , , Title II, Part A, ESEA - 1,256, ,256, , , , , Child Care Development Fund Grant 57, ,235 30, ,000 30, , Federal Emerg Mgt Agency Funds , , ,560,585 3,560, ,560,585 3,560, Dept of Health Food Service 140, , , , , , , , Other - Federal 159,556-1,003,625 66,824 1,230, , ,000 66,824 1,288, , ,000 66,824 1,288, Sale of Bonds Net Insurance Recovery ,000 10, Sale of School Buses ,147 9, ,000 6, ,000 6, Sale of Other Property 3, ,267,427 4,271,151 2, , ,570 2, , , Refunding Bonds ,905,000-21,905, Tuition From Other Districts Area Voc Fees From Other LEAs Contracted Educational Services 158, , , , , ,357 Subtotal 112,308, ,407,310 42,312,010 14,844, ,872, ,231, ,471,660 20,646,413 13,546, ,896, ,231, ,471,660 20,646,413 13,546, ,896,841 Recommended Changes FY17 Per Summary 3,712,175 7,987, ,552 (3,608,066) 8,364,463 Total Governmental Funds Revenue Budget 112,308, ,407,310 42,312,010 14,844, ,872, ,231, ,471,660 20,646,413 13,546, ,896, ,944, ,459,462 20,918,965 9,938, ,261, Actual* Revised Budget Budget Description Total Total Total Health Benefits Trust Internal Service Fund 28,819,772 28,000,000 28,000,000 MRI FY15/GOCAPS Fiduciary Fund 481, , ,200 *Values presented are rounded Page 5

7 THREE-YEAR COMPARISON OF REVENUE-ALL FUNDS Actual* Revised Budget Budget Revenue Object Code 5111 Current Taxes 130,593, ,839, ,839, Delinquent Taxes 2,071,116 2,071,117 2,071, School District Trust Prop C 22,511,943 23,139,192 23,139, Financial Institution 281, , , M&M Surtax 8,666,243 8,716,536 8,716, In Lieu of Tax 463, , , Transportation Fees from Patrons 26,486 26,486 26, Earnings on Investment 3,363,963 1,408,061 1,408, Food Service Program 1,321,270 1,238,496 1,238, Food Service Non-Program 2,029,913 2,017,800 2,017, Student Activities 4,331,268 4,380,000 4,380, Community Services Other - From Local Sources 2,809,058 2,437,969 2,437, Fines, Escheats, Etc. 396, , , State Assessed Utilities 1,790,664 1,790,663 1,790, County Stock Insurance Fund 436, , , Basic Formula - State 45,653,762 47,681,189 47,681, Transportation 1,997,385 1,770,563 1,770, Early Childhood Special 5,276,156 6,095,752 6,095, Basic Formula - Classroom Trust 8,965,133 9,044,030 9,044, Educational Screening 619, , , Career Education 28,664 54,385 54, Food Service - State 81,126 81,126 81, Career Education Enhancement 18, , , Residential Placement/Excess Cost 230, , , High Need Fund 730, , , Missouri Preschool Project 92,000 80,000 80, Other - State Medicaid 462, , , Reserve Officer Training Corps 65,379 65,379 65, Perkins Basic Grant,Career Edu IDEA Grants 23,304 37,237 37, IDEA Part B Entitlement 4,360,938 5,418,157 5,418, Early Childhood Special Educ 1,281, , , School Lunch Program 5,675,509 5,675,509 5,675, School Breakfast Program 2,747,564 2,747,564 2,747, After School Snack Program 26,403 26,403 26, Fresh Fruits and Vegetable Program 275, , , Title I - ESEA 10,219,230 8,346,247 8,346, Title I - C Migrant 30,764 79,764 79, st Cemtury Community Learning 429, , , Title III, ESEA English Lang Acquis 191, , , Title II, Part A, ESEA 1,256, , , Child Care Development Fund Grant 57,235 30,000 30, Federal Emerg Mgt Agency Funds 255,002 3,560,585 3,560, Dept of Health Food Service 140, , , Other - Federal 1,230,005 1,288,385 1,288, Sale of Bonds Net Insurance Recovery 10, Sale of School Buses 9,147 6,000 6, Sale of Other Property 4,271, , , Refunding Bonds 21,905, Tuition From Other Districts Area Voc Fees From Other LEAs Contracted Educational Services 158, , ,357 Recommended Changes FY17 Per Summary 8,364,463 Total Governmental Funds Revenue Budget 299,872, ,896, ,261, Actual* Revised Budget Budget Description Fund 72 Health Benefits Trust 28,819,772 28,000,000 28,000,000 Fund 73 MRI/FY16 and FY17 GO CAPS 481, , ,200 *Values presented are rounded Page 6

8 THREE-YEAR COMPARISON OF EXPENDITURES-ALL FUNDS BY ACTIVITY (FUNCTION) Actual* Revised Budget Budget Description General Teacher Debt Capital Total General Teacher Debt Capital Total General Teacher Debt Capital Total 1110 Elementary 4,455,712 37,817,790-10,414 42,283,916 4,972,648 39,566, ,539,358 4,972,648 39,566, ,539, Middle/Junior High 1,980,285 18,955,978-73,217 21,009,480 1,335,230 19,452,476-25,000 20,812,706 1,335,230 19,452,476-25,000 20,812, Senior High 3,306,817 23,687,053-37,687 27,031,558 2,829,806 24,491, ,022 27,479,577 2,829,806 24,491, ,022 27,479, Summer School 71,033 76, , ,358 1,998, ,340, ,358 1,998, ,340, Juvenile Program Gifted 222,292 1,836, ,058, ,082 1,871, ,088, ,082 1,871, ,088, Special Education and Related Serv. 7,433,183 16,306,141-10,390 23,749,714 7,843,104 15,349,444-19,680 23,212,228 7,843,104 15,349,444-19,680 23,212, Proportionate Share Services 5, , , , , , , , , Supplemental Instruction 995,429 4,785,835-2,746 5,784, ,979 2,920, ,434, ,979 2,920, ,434, Bilingual 307, , ,049, , ,186-1,000 1,254, , ,186-1,000 1,254, Early Childhood Special Ed 2,818,886 3,114, ,933,028 2,841,918 3,231, ,072,970 2,841,918 3,231, ,072, Career Education Programs 657, , , , , , Student Activities 5,073,372 1,847,284-16,613 6,937,269 5,956,575 2,273, ,230,417 5,956,575 2,273, ,230, Adult Education and Literacy Programs , ,807 20, , Tuition to Other Dist. In State - 789, ,158-1,175, ,175,000-1,175, ,175, Tuition Special Ed. In State Tuition Special Ed. Private Agencies , ,000-25, , Contracted Education - 28, ,975-30, ,000-30, , Attendance 1,462,909 60, ,523,347 1,545, ,684-10,200 1,720,069 1,545, ,684-10,200 1,720, Guidance 3,565,781 5,305, ,051 9,020, ,239 5,386, ,933, ,239 5,386, ,933, Health, Psych, Speech 3,189, ,674-1,022 3,520,454 4,110, ,327-5,000 4,838,310 4,110, ,327-5,000 4,838, Improvement of Instruction** 3,904,255 4,770,441-35,956 8,710,652 1,467,804 6,061,946-57,740 7,587,490 1,467,804 6,061,946-57,740 7,587, Professional Development 206, , , , , , , , , Media Services (Library) 1,366,514 3,416,353-16,452 4,799,319 9,653,141 3,430, ,688 13,200,788 9,653,141 3,430, ,688 13,200, Board of Education 574, , , , , , Executive Administration 1,332,292 1,393,905-19,919 2,746, ,051 1,384, ,340, ,051 1,384, ,340, Building Level Administration 2,643,238 7,453, ,096,407 2,833,293 8,482, ,315,395 2,833,293 8,482, ,315, Business, Fiscal 2,771, ,976 2,774,794 2,880, ,000 2,889,591 2,880, ,000 2,889, Operation of Plant 22,429, ,672 22,606,186 22,698, ,500 22,919,069 22,698, ,500 22,919, Security Services 1,725, ,190 1,751,524 1,907, ,438 2,088,313 1,907, ,438 2,088, Pupil Transportation 211, , , , , , Pupil Transportation 3,676, ,211-1,068,920 4,859,777 3,767, ,819 4,687,228 3,767, ,819 4,687, District Operated Trans K-12 2,974, ,830-22,771 3,145,585 3,011, ,255 3,147,435 3,011, ,255 3,147, School Choice Transportation , ,500 7, , Non-Allowable Transportation 8, ,516 36, , , , , Early Childhood Special Ed 967, , , , , , Food Services 12,139, ,575 12,149,369 12,312, ,118 12,503,272 12,312, ,118 12,503, Central Office Support 5,478, ,568 5,590,134 3,865, ,767-11,495 4,683,520 3,865, ,767-11,495 4,683, Community Services 1,951, , ,261,867 2,663,317 1,592, ,255,924 2,663,317 1,592, ,255, Facilities Acquisition ,930,285 34,930, ,752,853 37,752, ,752,853 37,752, Principal ,885, ,608 34,167, ,750, ,200 95,041, ,750, ,200 95,041, Interest ,689, ,554 16,156, ,214, ,174 15,645, ,214, ,174 15,645, Fees ,073 7, , ,999 15,050 25, ,999 15,050 25,049 Subtotal 99,909, ,692,451 49,733,162 37,509, ,845, ,272, ,600, ,974,109 40,553, ,400, ,272, ,600, ,974,109 40,553, ,400,072 Recommended Changes FY17 Per Summary 7,835,027 4,690,756 (87,998,391) (23,845,302) (99,317,910) Total Governmental Funds Expense Budget 99,909, ,692,451 49,733,162 37,509, ,845, ,272, ,600, ,974,109 40,553, ,400, ,107, ,291,238 21,975,718 16,707, ,082, Actual* Revised Budget Budget Description Total Total General Teacher Debt Capital Total Health Benefit Trust Internal Service Fund 26,970,226 28,000,000 28,000,000 MRI FY15/GOCAPS Fiduciary Fund 880, , ,974 *Values presented are rounded Page 7

9 THREE-YEAR COMPARISON OF EXPENDITURES-ALL FUNDS BY ACTIVITY (FUNCTION) Actual* Revised Budget Budget Object Code 1110 Elementary 42,283,916 44,539,358 44,539, Middle/Junior High 21,009,480 20,812,706 20,812, Senior High 27,031,558 27,479,577 27,479, Summer School 147,559 2,340,067 2,340, Juvenile Program Gifted 2,058,877 2,088,445 2,088, Special Education and Related Serv. 23,749,714 23,212,228 23,212, Proportionate Share Services 126, , , Supplemental Instruction 5,784,010 3,434,717 3,434, Bilingual 1,049,628 1,254,922 1,254, Early Childhood Special Ed 5,933,028 6,072,970 6,072, Career Education Programs 657, , , Student Activities 6,937,269 8,230,417 8,230, Adult Education and Literacy Programs - 20,807 20, Tuition to Other Dist. In State 789,158 1,175,000 1,175, Tuition Special Ed. In State Tuition Special Ed. Private Agencies - 25,000 25, Contracted Education 28,975 30,000 30, Attendance 1,523,347 1,720,069 1,720, Guidance 9,020,953 5,933,352 5,933, Health, Psych, Speech 3,520,454 4,838,310 4,838, Improvement of Instruction** 8,710,652 7,587,490 7,587, Professional Development 489, , , Media Services (Library) 4,799,319 13,200,788 13,200, Board of Education 574, , , Executive Administration 2,746,116 2,340,619 2,340, Building Level Administration 10,096,407 11,315,395 11,315, Business, Fiscal 2,774,794 2,889,591 2,889, Operation of Plant 22,606,186 22,919,069 22,919, Security Services 1,751,524 2,088,313 2,088, Pupil Transportation 211, , , Pupil Transportation 4,859,777 4,687,228 4,687, District Operated Trans K-12 3,145,585 3,147,435 3,147, School Choice Transportation - 7,500 7, Non-Allowable Transportation 36, , , Early Childhood Special Ed 967, , , Food Services 12,149,369 12,503,272 12,503, Central Office Support 5,590,134 4,683,520 4,683, Community Services 2,261,867 4,255,924 4,255, Facilities Acquisition 34,930,285 37,752,853 37,752, Principal 34,167,608 95,041,200 95,041, Interest 16,156,644 15,645,284 15,645, Fees 166,913 25,049 25,049 Recommended Changes FY17 Per Summary (99,317,910) Total Governmental Funds Expenditures 320,845, ,400, ,082, Actual* Revised Budget Budget Description Health Benefit Trust Internal Service Fund 26,970,226 28,000,000 28,000,000 MRI FY15/GOCAPS Fiduciary Fund 880, , ,974 *Values presented are rounded Page 8

10 THREE-YEAR COMPARISON OF EXPENDITURES-ALL FUNDS BY OBJECT Actual* Revised Budget Budget Description General Teacher Debt Capital Total General Teacher Debt Capital Total General Teacher Debt Capital Total 6100 Salaries 39,920, ,975, ,896,600 40,695, ,029, ,724,460 40,695, ,029, ,724, Teacher Retirement 372,936 16,150, ,523, ,059 17,060, ,292, ,059 17,060, ,292, Non-Teacher Retirement 2,901,064 33, ,934,905 3,272,501 47, ,320,465 3,272,501 47, ,320, Old Age Survivor and Disability 2,358, , ,471,983 2,548, , ,649,893 2,548, , ,649, Medicare 553,795 1,391, ,945, ,911 1,612, ,217, ,911 1,612, ,217, Employee Insurance 10,704,099 11,096, ,800,195 8,157,304 11,236, ,393,937 8,157,304 11,236, ,393, Other Benefits 19, ,200 19, ,200 19, , Tuition 667, , ,485, ,850 1,230, ,916, ,850 1,230, ,916, Professional Services 1,644,156 2,112, ,756,960 1,646,177 2,282, ,928,334 1,646,177 2,282, ,928, Audit Services 30, ,920 35, ,680 35, , & Technical Services 1,428, ,428,882 2,898, ,898,676 2,898, ,898, Legal Services 276, , , , , , Property Services 3,089, ,089,073 3,953, ,953,657 3,953, ,953, Contracted Trans To/From School 1, ,023 8, ,500 8, , Other Contracted Pupil Trans 194, , , , , , Travel 1,306, ,306,112 2,384, ,384,476 2,384, ,384, Property Insurance 1,238, ,238, , , , , Liability Insurance , , , , Fidelity Premium , ,000 28, , Judgments Against LEA 124, , Other Purchased Services 8,645, ,645,694 8,765, ,765,434 8,765, ,765, General Supplies 10,041, ,041,436 12,043, ,043,769 12,043, ,043, Regular Textbook 2,679, ,679,357 3,239, ,239,568 3,239, ,239, Library Books 264, , , , , , Periodicals 424, ,682 30, ,419 30, , Warehouse Adjustments 10, , Food Service - Food Only 5,245, ,245,565 5,354, ,354,835 5,354, ,354, Energy Supplies/Service 5,710, ,710,468 5,705, ,705,112 5,705, ,705, Other Supplies 55, ,697 95, ,267 95, , Land Buildings ,379,795 26,379, ,967,879 26,967, ,967,879 26,967, Improvement to Sites ,396 37, , , , , Equipment - General ,217,649 4,217, ,507,752 5,507, ,507,752 5,507, Equipment - Instructional , , , , , , Vehicles (Except School Buses) , , , , , , School Buses ,030,175 1,030, , , , , Other Capital Outlay ,635,691 4,635, ,643,308 5,643, ,643,308 5,643, Principal ,885, ,608 34,167, ,750, ,200 95,041, ,750, ,200 95,041, Interest ,689, ,554 16,156, ,214, ,174 15,645, ,214, ,174 15,645, Other (Fin. Fees, etc.) ,073 7, , ,999 15,050 25, ,999 15,050 25,049 Subtotal 99,909, ,692,451 49,733,162 37,509, ,845, ,272, ,600, ,974,109 40,553, ,400, ,272, ,600, ,974,109 40,553, ,400,072 Recommended Changes FY17 Per Summary 7,835,027 4,690,756 (87,998,391) (23,845,302) (99,317,910) Total Governmental Funds Expense Budget 99,909, ,692,451 49,733,162 37,509, ,845, ,272, ,600, ,974,109 40,553, ,400, ,107, ,291,238 21,975,718 16,707, ,082, Actual* Revised Budget Budget Description General Teacher Debt Capital Total General Teacher Debt Capital Total General Teacher Debt Capital Total Health Benefit Trust Internal Service Fund 26,970,226 28,000,000 28,000,000 MRI FY15/GOCAPS Fiduciary Fund 880, , ,974 *Values presented are rounded Page 9

11 THREE-YEAR COMPARISON OF EXPENDITURES-ALL FUNDS BY OBJECT Actual* Revised Budget Budget Object Code 6100 Salaries 141,896, ,724, ,724, Teacher Retirement 16,523,749 17,292,480 17,292, Non-Teacher Retirement 2,934,905 3,320,465 3,320, Old Age Survivor and Disability 2,471,983 2,649,893 2,649, Medicare 1,945,049 2,217,729 2,217, Employee Insurance 21,800,195 19,393,937 19,393, Other Benefits 19,200 19,200 19, Tuition 1,485,517 1,916,850 1,916, Professional Services 3,756,960 3,928,334 3,928, Audit Services 30,920 35,680 35, & Technical Services 1,428,882 2,898,676 2,898, Legal Services 276, , , Property Services 3,089,073 3,953,657 3,953, Contracted Trans To/From School 1,023 8,500 8, Other Contracted Pupil Trans 194, , , Travel 1,306,112 2,384,476 2,384, Property Insurance 1,238, , , Liability Insurance - 432, , Fidelity Premium - 28,000 28, Judgments Against LEA 124, Other Purchased Services 8,645,694 8,765,434 8,765, General Supplies 10,041,436 12,043,769 12,043, Regular Textbook 2,679,357 3,239,568 3,239, Library Books 264, , , Periodicals 424,682 30,419 30, Warehouse Adjustments 10, Food Service - Food Only 5,245,565 5,354,835 5,354, Energy Supplies/Service 5,710,468 5,705,112 5,705, Other Supplies 55,697 95,267 95, Land Buildings 26,379,795 26,967,879 26,967, Improvement to Sites 37, , , Equipment - General 4,217,649 5,507,752 5,507, Equipment - Instructional 263, , , Vehicles (Except School Buses) 188, , , School Buses 1,030, , , Other Capital Outlay 4,635,691 5,643,308 5,643, Principal 34,167,608 95,041,200 95,041, Interest 16,156,644 15,645,284 15,645, Other (Fin. Fees, etc.) 166,913 25,049 25,049 Subtotal 320,845, ,400, ,400,072 Recommended Changes FY17 Per Summary (99,317,910) Total Governmental Funds Expense Budget 320,845, ,400, ,082, Actual* Revised Budget Budget Object Code Health Benefit Trust Internal Service Fund 26,970,226 28,000,000 28,000,000 MRI FY15/GOCAPS Fiduciary Fund 880, , ,974 *Values presented are rounded Page 10

12 BONDED INDEBTEDNESS Fiscal 2010A Series 2010B Series Year Principal Interest Total Principal Interest Total , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,265, , ,834, ,750, , ,439, ,425, , ,866, ,940, , ,473, ,595, , ,899, ,140, , ,507, ,782, , ,939, ,353, , ,542, ,067, ,171, ,238, ,183, ,676, ,859, Fiscal Year 2010C Series 2010D Series 2010E Series Principal Interest Total Principal Interest Total Principal Interest Total , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,554, , ,742, ,130, , ,317, ,385, , ,779, ,195, , ,323, ,525, , ,795, ,275, , ,341, ,686, , ,825, ,554, ,343, ,897, ,600, ,441, ,041, ,596, ,150, ,746, NOTES: 2010A-2010E Series were issued to finance construction projects including additional air conditioning at remaining school sites and tornado safe rooms at Hillcrest, Westport, and Jeffries. Page 11

13 BONDED INDEBTEDNESS Fiscal 2011 Series 2012 Series 2013 Series 2014A Series Year Principal Interest Total Principal Interest Total Principal Interest Total Principal Interest Total , , ,700, , ,464, ,031, ,031, , , , , ,400, , ,085, ,031, ,031, , , , , ,110, , ,721, ,031, ,031, , , , , ,765, , ,309, ,031, ,031, , , , , ,170, , ,654, ,031, ,031, , , , , ,565, , ,922, ,031, ,031, , , , , ,745, , ,930, ,031, ,031, , , , , ,031, ,031, ,750, , ,733, , , ,031, ,031, ,150, , ,050, , , ,031, ,031, ,250, , ,024, , , ,031, ,031, ,750, , ,399, , , ,200, ,031, ,231, , , , , ,300, ,743, ,043, , , , , ,400, ,451, ,851, , , ,000, , ,450, ,500, ,155, ,655, , , ,700, , ,480, , , ,900, , ,295, , , ,750, , ,121, ,000, ,750, ,750, ,455, ,631, ,086, ,000, ,896, ,896, ,650, ,792, ,442, Fiscal 2014B Series 2015 Series Total Debt Service Obligations Year Principal Interest Total Principal Interest Total Principal Interest Total ,010, ,501, ,511, ,700, , ,309, ,410, ,558, ,968, ,400, ,358, ,758, ,600, , ,098, ,400, ,226, ,626, ,700, ,202, ,902, ,480, , ,814, ,290, ,832, ,122, ,010, ,047, ,057, ,325, , ,500, ,100, ,450, ,550, ,750, ,875, ,625, ,920, ,042, ,962, ,500, ,519, ,019, ,065, ,559, ,624, ,500, ,111, ,611, ,245, ,980, ,225, ,150, ,646, ,796, ,900, ,329, ,229, ,900, ,139, ,039, ,050, ,739, ,789, ,880, , ,474, ,130, ,068, ,198, ,765, ,349, ,114, ,634, ,599, ,233, ,755, ,636, ,391, ,496, ,826, ,322, ,500, ,976, ,476, ,700, ,151, ,851, ,900, , ,666, ,750, , ,121, ,800, ,995, ,795, ,105, ,619, ,724, ,010, ,467, ,477, NOTES: 2011 Series was issued to refund the 2009 LPC which was used to partially finance the new Hickory Hills school Series was issued to refund the 2003 Series A Series were issued to finance construction projects including a new Sherwood school and tornado safe room at Kickapoo. 2014B Series was issued to refund the 2006 Series Series was issued to refund the 2005 Series, which was issued to refund the 2000 Series. Page 12

14 LEASE OBLIGATIONS Fiscal 2007 Energy LPC 2009A LPC 2009B LPC 2010 Bus LPC 2012 Athletic Field LPC Year Lease Payment Interest Total Lease Payment Interest Total Lease Payment Interest Total Lease Payment Interest Total Lease Payment Interest Total , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,060, , ,409, , , , ,655, ,018, ,673, ,624, , ,754, ,593, , ,960, Fiscal 2015 Technology Lease 2016 Technology Lease Total Payments Year Lease Payment Interest Total Lease Payment Interest Total Lease Payment Interest Total ,138, , ,569, , , , , , , ,251, , ,659, , , , , , , ,302, , ,678, , , , ,920, , ,238, , , ,117, , , ,128, , , ,132, , , , , , , , , , , , , , , , , , , , , , , , , , , , ,949, , ,976, ,142, ,924, ,066, NOTES: 2007 Energy LPC was issued to finance lighting and energy upgrades in buildings throughout the district. 2009A-2009B LPC were issued to finance the purchase and remodel of the new Kraft Administration Center on St Louis St Bus LPC was issued to finance the purchase of 31 buses Athletic Field LPC was issued to finance new athletic field turf and equipment. Page 13