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CTMS Bond & budget discussions april 26, 2013. Budget. GCISD Budget General Operating-$141 Million Child Nutrition-$5 Million Debt Service-$31 Million Building a Budget Campus Allocations-Per Pupil- CTMS $113,495 (2013-14) Per Pupil ($92)-$ 68,632 Athletics ($13)-$9,698 - PowerPoint PPT Presentation
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CTMSBOND & BUDGET DISCUSSIONS
APRIL 26 , 2013
Budget
GCISD Budget General Operating-$141 Million Child Nutrition-$5 Million Debt Service-$31 Million
Building a Budget Campus Allocations-Per Pupil- CTMS $113,495 (2013-
14) Per Pupil ($92)-$68,632 Athletics ($13)-$9,698 Staff Development ($60)-$2,465 Special Programs-$32,700
Budget
Building a Budget Estimate Revenues Estimate Payroll Costs-86% of Budget-$88 Million Estimate Robin Hood Payment-$28 Million
Budget
Revenue Estimates (Money in the Bank) Tax Revenues
Estimated based on tax properties Estimated based on current tax rate
State Revenues Funding decreased during 2011-2012 school year Calculate based on current formulas 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
Revenues
2012-2013 Rev-enues by Source*
TaxesKidzU/ECDCOther LocalStateFederal
Source Amount %
Taxes $74,508,070 76.90
KidzU/ECDC
2,173,000 2.24
Other Local 3,988,437 4.12
State 14,119,423 14.57
Federal 2,100,000 2.17
TOTAL $96,888,930
* Excludes TIF ($8,000,000) and Recapture ($28,020,876)
Budget
Expenditure Estimates (Money out of the Bank) Payroll Supplies & Materials Utilities Insurance Other
Expenditures
Function Amount %
Instruction $66,552,787 63.11
Instructional Leadership
7,892,350 7.48
Student Support 5,883,998 5.58
Transportation 2,236,185 2.12
Extra-Curricular 2,806,025 2.66
Central Admin/Data Proc
3,981,611 3.78
Facilities/Security 13,237,372 12.55
KidzU 1,977,933 1.88
Intergovernmental 881,373 .84
TOTAL $105,449,634
2012-2013 Expen-ditures
By Function*Instruction
Instructional Leadership
Student Support
Transportation
Extra-Curricular
Central Admin/Data
Facilities/Security
KidzU
Intergovernmental
* Excludes TIF ($8,000,000) and Recapture ($28,020,876)
Expenditures
Object Amount %
Payroll $89,778,448 85.14
Contracted Service 9,605,615 9.11
Supplies 3,707,453 3.52
Other 1,762,726 1.67
Capital Outlay 595,392 .56
TOTAL $105,449,634
2012-2013 Expen-ditures By Object*
PayrollContracted ServiceSuppliesOtherCapital Out-lay
GCISD Current Budget & Projections
2010-11 2011-12 2012-13 2013-14 2014-15 2015-16Actual Actual Projected Projected Projected Projected
$0
$20,000,000
$40,000,000
$60,000,000
$80,000,000
$100,000,000
$120,000,000
#REF!
Revenues
Fund Balance
Fund Bal-ance Target
Projections through 2015-2016 Under Current Law
Different Pots of Money
General Operating Fund Pay for everyday costs to run a school Pay for teachers and supplies
Debt Service Fund Pay our loans off
Construction Fund Pay for construction costs
Different Pots of Money
HOW DOES THE MONEY GET INTO EACH POT!!
Maintenance & Operations
Interest & Sinking
$.2801 Keep 100% in GCISD
Tax Rate
$1.0430% Goes to State
School Finance 101
2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13
M&O 1.44105 1.45105 1.471 1.471 1.3243 1.04 1.04 1.04 1.04 1.04 1.04
I&S 0.21874 0.25 0.229 0.229 0.25 0.25 0.25 0.25 0.25 0.27 0.2801
$0.8500
$0.9500
$1.0500
$1.1500
$1.2500
$1.3500
$1.4500
$1.5500
$1.6500
$1.7500
2011 Bond Election Process
Community survey Will anybody vote for it?
Facility assessment What do we need?
Campus demographics and enrollment projections Do we need more space?
Wish lists submitted by campuses & departments
2011 Bond Election Process
Form Bond Planning Committee (BPC)-52 Members Teachers Community members Librarians Coaches Principals/Asst Principals Nurses Parents
2011 Bond Election Process
BPC Subdivided into smaller groups Elementary Secondary Technology Sports Facilities Furniture & Equipment
BPC Review Determine which projects to keep or eliminate Look at all costs Determine how much money to ask for
BPC makes final recommendation to the Board of Trustees
2011 Bond Election Process
BPC makes final recommendation to the Board of Trustees
Board calls a bond election February 2011 $124.5 Million
Bond Election May 14, 2011 Voters approved by more than 2:1
Bond Projects
GCISD Website 2011 Bond Program Resources 2011 Bond Election Website Bond Proposal
List of Projects and Costs Tax rate analysis for public
3.93 cent increase communicated 3.05 cent actual increase
PSA: School Finance & Bond Election Reminders
School Administration may not campaign Can only give facts
Political Action Committee (PAC) Campaign for the bond election
PSA: School Finance & Bond Election Reminders
Due to State Funding Cuts General Fund revenues no longer exceed expenditures
In GCISD, we keep 100% of bond funds
We like cool buildings and technology for our students
PSA: School Finance & Bond Election Reminders
Property values will continue to increase
People will want to buy houses in our district
Taxes will not increase for those over 65
Facility will help generate funds for the General Fund Rentals Corporate Sponsorships (Naming Rights)
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