Integrity. Commitment. Performance.™
PMA Financial Planning ProgramPresented byMichael Frances | Senior Financial AdvisorPMA Financial Network, Inc.January 26, 2011
Wheaton Warrenville CUSD 200
Integrity. Commitment. Performance.™2Data & Assumptions provided by District
PMA Financial Planning Program| Wheaton Warrenville CUSD 200
REVENUE BY SOURCE DETAIL - FY 2011
Property Taxes75.8%
Federal6.2%
Other State8.0%General State Aid
4.5%
Other Local5.5%
Operating Funds Revenue Budget – $145,057,505
Operating Funds: Educational, Operations & Maintenance, Transportation, IMRF, and Working Cash Funds
Integrity. Commitment. Performance.™3Data & Assumptions provided by District
PMA Financial Planning Program| Wheaton Warrenville CUSD 200
Consumer Price Index (CPI) - Levy Years
3.40%
2.50%
4.10%
0.10%
2.70%
1.50%
2.50% 2.50% 2.50% 2.50% 2.50%
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
4.0%
4.5%
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016Actual Projected
Revenue Assumptions – Property Taxes
Integrity. Commitment. Performance.™4Data & Assumptions provided by District
PMA Financial Planning Program| Wheaton Warrenville CUSD 200
New Growth (In Millions)
$31.94 $31.71 $29.10$23.19
$90.0
$20.0 $20.0
$30.0 $30.0 $30.0 $30.0
$0.0
$10.0
$20.0
$30.0
$40.0
$50.0
$60.0
$70.0
$80.0
$90.0
$100.0
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016Actual Projected
Revenue Assumptions – Property Taxes
Integrity. Commitment. Performance.™5Data & Assumptions provided by District
PMA Financial Planning Program| Wheaton Warrenville CUSD 200
Revenue Assumptions – Other Local Revenue
• CPPRT:– Projected at $1.93 million annually (between current budget of
$1.73 million and DOR current estimate of $2.14 million)
• Investment Income:– FY12: 0.25% rate of return with 0.25% annual increases
• All other local revenues:– Projected at current FY11 budget
Integrity. Commitment. Performance.™6Data & Assumptions provided by District
PMA Financial Planning Program| Wheaton Warrenville CUSD 200
Revenue Assumptions – State & Federal• State Revenue
– General State Aid (GSA)• Factor of enrollment - Average Daily Attendance (ADA)
• Foundation Level – currently $6,119– $0 increase projected for FY12 & FY13
– $100 annual increase projected for FY14 – FY16
• Remain in Alternate Formula Funding – Other State Categorical Grants
• 10% projected decrease over current FY11 budget
• Federal Revenue– Reduction in FY12 due to loss of ARRA stimulus ($2.48 million) – Other Federal: no increase over current FY11 budget
Integrity. Commitment. Performance.™7Data & Assumptions provided by District
PMA Financial Planning Program| Wheaton Warrenville CUSD 200
General State Aid Revenue (in Thousands)
$9,068$9,636
$9,084
$7,214$6,560 $6,687 $6,777 $6,836 $6,876$6,610
0
2,000
4,000
6,000
8,000
10,000
12,000
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Actual Projected
Integrity. Commitment. Performance.™8Data & Assumptions provided by District
PMA Financial Planning Program| Wheaton Warrenville CUSD 200
Revenue – Sensitivity
• Tax Levy:– CPI 1% = +/- $1.2 million– New Property: $1 million = +/- $35,000
• General State Aid– $100 Foundation Level = +/- $117,000– $220 = district returns to foundation level formula
funding for FY12
Integrity. Commitment. Performance.™9Data & Assumptions provided by District
PMA Financial Planning Program| Wheaton Warrenville CUSD 200
FY 2011 EXPENDITURES BY OBJECT
Benefits10.7%
Salaries67.8%
Capital Outlay1.3% Other Objects
3.4%
Termination Benefits0.1%
Supplies And Materials
4.3%Purchased Services
12.5%
Operating Funds Expense Budget – $145,057,200
Operating Funds: Educational, Operations & Maintenance, Transportation, IMRF, and Working Cash Funds
Integrity. Commitment. Performance.™10Data & Assumptions provided by District
PMA Financial Planning Program| Wheaton Warrenville CUSD 200
Expenditure Assumptions• Salaries
– Teachers• FY12: 1% increase, plus lane movement (est. $650,000)• FY13-16: 2.5% annual increases, plus lane movement ($650,000)
– Support Staff• FY12-16: 2.75% (annual step increases)
– Administration• FY12: 1% increase• FY13-16: 2.5% annual increases
Integrity. Commitment. Performance.™11Data & Assumptions provided by District
PMA Financial Planning Program| Wheaton Warrenville CUSD 200
Expenditure Assumptions - Other
• Health & Dental Benefits– FY12-16: 7% annual increases
• Purchased Services, Supplies, Capital Outlay, Tuition– FY12-16: 2.5% annual increases
Integrity. Commitment. Performance.™12Data & Assumptions provided by District
PMA Financial Planning Program| Wheaton Warrenville CUSD 200
CERTIFIED STAFF (FTE)
1,015.3 1,015.3 1,015.3 1,015.3 1,015.3 1,015.3
0.0
200.0
400.0
600.0
800.0
1000.0
1200.0
2011 2012 2013 2014 2015 2016Actual Projected
Staffing Assumptions
Excluding administration
Integrity. Commitment. Performance.™13Data & Assumptions provided by District
PMA Financial Planning Program| Wheaton Warrenville CUSD 200
Additional Assumptions
• No legislative changes in school funding
• No change to PTELL (Tax Cap)
• Includes known retirements in future years (27 in FY11, 17 in FY12, 35 in FY13, & 30 in FY14) with replacement teachers hired in at the BA+24 Lane Step 1
• Current FY11 Budget is accurate basis for projections
Integrity. Commitment. Performance.™14Data & Assumptions provided by District
PMA Financial Planning Program| Wheaton Warrenville CUSD 200
Projected Revenues vs. Expenditures - Aggregate
Operating Funds: Educational, Operations & Maintenance, Transportation, IMRF, and Working Cash Funds
BUDGET
FY 2011 FY 2012 % chg FY 2013 % chg FY 2014 % chg FY 2015 % chg FY 2016 % chgREVENUE
Local $117,931,500 $122,402,907 3.79% $125,483,138 2.52% $129,431,620 3.15% $133,687,678 3.29% $138,030,865 3.25%State $18,114,210 $17,008,377 -6.10% $17,166,600 0.93% $17,339,864 1.01% $17,484,582 0.83% $17,612,544 0.73%
Federal $9,011,795 $6,532,800 -27.51% $6,532,800 0.00% $6,532,800 0.00% $6,532,800 0.00% $6,532,800 0.00%Other $0 $0 $0 $0 $0 $0
TOTAL REVENUE $145,057,505 $145,944,083 0.61% $149,182,538 2.22% $153,304,283 2.76% $157,705,060 2.87% $162,176,210 2.84%
EXPENDITURESSalary and Benefit Costs $113,921,900 $115,039,685 0.98% $118,441,981 2.96% $120,589,562 1.81% $123,221,214 2.18% $128,121,607 3.98%
Other $31,135,300 $31,913,458 2.50% $32,711,069 2.50% $33,528,621 2.50% $34,366,611 2.50% $35,225,551 2.50%TOTAL EXPENDITURES $145,057,200 $146,953,142 1.31% $151,153,050 2.86% $154,118,183 1.96% $157,587,825 2.25% $163,347,159 3.65%
SURPLUS / DEFICIT $305 ($1,009,059) ($1,970,512) ($813,900) $117,235 ($1,170,949)
OTHER FINANCING SOURCES/USESTransfer Among Funds (Net) $0 $0 $0 $0 $0 $0
Sale of Bonds $0 $0 $0 $0 $0 $0Other Financing Sources $0 $0 $0 $0 $0 $0
Other Financing Uses $0 $0 $0 $0 $0 $0TOTAL OTHER FIN. SOURCES/USES $0 $0 $0 $0 $0 $0
SURPLUS / DEFICIT INCL. OTHER FIN. SOURCES $305 ($1,009,059) ($1,970,512) ($813,900) $117,235 ($1,170,949)
BEGINNING FUND BALANCE $28,087,893 $28,088,198 $27,079,139 $25,108,627 $24,294,728 $24,411,963
PROJECTED YEAR END BALANCE $28,088,198 $27,079,139 $25,108,627 $24,294,728 $24,411,963 $23,241,014
FUND BALANCE AS % OF REVENUES 19.36% 18.55% 16.83% 15.85% 15.48% 14.33%
REVENUE / EXPENDITURE PROJECTIONS
Integrity. Commitment. Performance.™15Data & Assumptions provided by District
PMA Financial Planning Program| Wheaton Warrenville CUSD 200
Historical / Projected Fund BalancesProjected Year-End Balances
(Educational, Operations and Maintenance, Transportation, IMRF, and Working Cash Funds.)
$23,241,014$24,411,963$24,294,728$25,108,627
$27,079,139$28,087,893 $28,088,198
$37,112,266
$24,646,753
$27,720,732
$31,153,987
$4,170,495
($227,519)
($4,376,568)
$8,317,452
($2,181,938)
($5,006,513)($7,182,701)
($9,879,879)($12,133,095)
($13,494,615)($15,684,561)
($20)
($10)
$0
$10
$20
$30
$40
$50
Educational Operations and Maintenance Transportation IMRF Working Cash
Mill
ion
s
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 FY End Balances Low-Point Balance
Integrity. Commitment. Performance.™16Data & Assumptions provided by District
PMA Financial Planning Program| Wheaton Warrenville CUSD 200
ISBE Financial Profile
3.00 3.00 3.00
3.35
3.00
3.35
3.00 3.00 3.00
3.35
3.00
0
0.5
1
1.5
2
2.5
3
3.5
4
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
0 - Watch - 2.61
2.62 - Early Warning - 3.07
3.08 - Review - 3.53
3.54 - Recognition - 4