douglas county school district re.1
DESCRIPTION
Douglas County School District Re.1. Proposed Budget Fiscal Year 2010 – 2011 Presented to the Board of Education Tuesday May 18, 2010. BOE Presentations. May 18, 2010 ~ Tonight ~ Information Only Proposed General Fund Budget Proposed Non-General Fund (“Other”) Budgets June 15, 2010 - PowerPoint PPT PresentationTRANSCRIPT
Douglas CountySchool District Re.1
Proposed Budget Fiscal Year 2010 – 2011
Presented to the Board of Education
Tuesday May 18, 2010
BOE Presentations
May 18, 2010 ~ Tonight ~ Information Only Proposed General Fund Budget Proposed Non-General Fund (“Other”)
Budgets
June 15, 2010 Approve and Adopt All Funds: FY 2010–2011
Budgets Budget Resolution for FY 2010-2011 Appropriation Resolution for FY 2010-2011 Resolution Authorizing Use of Beginning
Fund Balance Resolution Authorizing Inter-Fund Borrowing
Tonight’s Agenda
Compliance Colorado and Federal Law Board Goals and Executive
Limitations
Proposed FY 2010-2011 General Fund Budget
Tonight’s Agenda (cont.)
Proposed FY 2010-2011 Other Funds’ Budgets Overview: Fund Function and District
Operations Fund Detail
Capital Reserve Fund Governmental Designated-Purpose Grants
Fund Athletics and Activities Fund Debt Service/Bond Redemption Fund Building Fund Nutrition Services Fund
Tonight’s Agenda (cont.)
Proposed FY 2010-2011 Other Funds’ Budgets Overview: Fund Function and District
Operations Fund Detail
Childcare Fund (BASE) eDCSD Fund Full Day Kindergarten Fund Risk Related Insurance Fund Insurance Reserve Fund Pupil Activity Fund Trust and Agency Fund
Compliance withExecutive Limitations
EL 1.5 Financial Planning and Budgeting: Financial planning may not
deviate materially from the Board’s Ends priorities, risk financial jeopardy, or fail to be derived from a plan projecting at least five years.
General Fund AssumptionsFiscal Year 2010-2011
School Finance Act update Inflation Rate = (.60)% Amendment 23’s 1% Base PPR =
(.60)% + 1% = .40% Increased Funded Pupil Count
District wide from 56,555 to 57,213
Per-Pupil Revenue = $6,545 ** Dependent on FTE and At-Risk Pupils
Proposed FY 2010-2011General Fund Revenues
Property Taxes $156,113,469
35%
Intergovernmental $254,920,134
57%
Specific Ownership $17,002,460
4%
Other Local Revenue $15,688,966
4%
Total Revenues $443,725,030
Proposed FY 2010-2011General Fund Expenditures
Contingency$7,500,000
2%
Salaries $246,714,452
56%
Transfers $40,914,483
9%
Charter $27,494,605
6%
Operating $42,810,194
10%
Benefits $75,440,870
17%
Total Expenditures $440,874,604
Assumptions Underlying Projected FY 2010–2011 Budget and Five-Year Plan
Inflation
Year Percentage Rate
2005 – 2006 0.1%
2006 – 2007 2.1%
2007 – 2008 3.6%
2008 – 2009 2.2%
2009 – 2010 3.9%
2010 – 2011 (.60)%
2011 – 2012 .60% *
2012 - 2013 1.10% *
2013 - 2014 1.70% *
* Projections provided by Legislative Council
Proposed General Fund Budget FY 2010-2011Audited Proposed
Actual Budget Forecast Budget2008-09 2009-10 2009-10 2010-11
DCSD FPC 54,918 56,555 56,555 57,213BEGINNING FUND BALANCE $17,752,211 $15,836,146 $17,752,211 $4,180,746REVENUE
Local Tax Revenue 171,332,510 172,708,918 170,708,918 173,115,929Intergovernmental Revenue 247,071,209 274,193,176 265,503,928 254,920,134Other Local Revenue 19,594,088 19,200,162 15,154,345 15,688,966
TOTAL REVENUE 437,997,807 466,102,256 451,367,191 443,725,029
Total Program Funding 375,442,017 395,414,433 393,535,630 374,435,955
EXPENDITURES
Salaries 266,576,963 265,048,291 265,048,291 246,714,452Benefits 65,884,850 83,237,397 83,237,397 75,440,870Operating 35,352,803 45,269,534 43,936,224 42,810,194Transfers/Allocations/Contingency 70,674,112 84,775,290 72,050,429 75,909,088
TOTAL EXPENDITURES 438,488,728 478,330,512 464,272,341 440,874,604CHANGE IN FUND BALANCE (490,921) (12,228,256) (12,905,150) 2,850,425BEGINNING FUND BALANCE 17,752,211 15,836,146 17,752,211 4,180,746ENDING FUND BALANCE $17,261,290 $3,607,890 $4,847,061 $7,031,171
Ending Fund Balance 3.94% 4.36% 1.59% 1.77%
FY 2010-11 Ending Fund Balance based on FY 2009-10 June Adopted Budget
General Fund Five Year Financial Projection
Audited Proposed Projected ProjectedActuals Forecast Budget Budget Budget2008-09 2009-10 2010-11 2011-12 2012-2013
Funded Pupil Count 54,918 56,555 57,213 57,814 58,275
Beginning Fund Balance $16,920,285 $17,752,211 $4,847,061 $7,697,487 $429,726
Total Revenue 440,335,777 451,367,191 443,725,030 422,833,060 430,160,483
Total Expense 439,503,851 464,272,341 440,874,604 430,100,821 429,878,297
Ending Fund Balance $17,752,211 $4,847,061 $7,697,487 $429,726 $711,912
Ending Fund Balance 3.90% 1.02% 1.77% -0.06% 0.01%
FY 2010-11 Ending Fund Balance based on forecast of FY 2009-10 Fund Balance
General Fund Projection Assumptions
10-11 11-12 12-13-0.06% 0.60% 1.10%
550 491 34212.55% 12.95% 13.55%1.75% 2.25% 2.75%
15.00% 10.00% 5.00%0.00% 0.00% 0.00%0.00% 0.00% 0.00%0.00% 0.00% 0.00%
The last year for additional 1% A23 funding is 10-11
PERA ( Extra Employee Share)
Amendment 23 Funding
Projection Assumptions
Medical InsuranceDental InsuranceVision Insurance
Salary (Inflation + Steps of 2.1%)
CPI - InflationStudent Growth
PERA (District Share)
Capital Reserve FundProposed FY 2010-2011 Budget
Capital Reserve Fund will include the following:
District wide relocation of mobiles
Wide Area Network (WAN) Annual ITS licenses and
maintenance agreements
Capital Reserve FundProposed FY 2009-2010 Budget
Audited Adopted Estimated Proposed
Actual Budget Actual Budget
2008-2009 2009-2010 2009-2010 2010-2011
Balance on Hand July 1 $1,984,886 $1,540,823 $1,802,414 $5,409,759
Revenues
Total Revenues 12,169,515 14,450,620 27,216,145 4,178,295
Total Sources 14,154,401 15,991,443 29,018,559 9,588,054
Expenditures
Total Expenditures $12,351,987 $15,268,246 $23,608,800 $8,705,672
Balance on Hand June 30 $1,802,414 $723,197 $5,409,759 $882,382
Governmental Designated Purpose Grants Fund Proposed FY 2010-2011 Budget
Accounts for most federal, state and local grant funds received by the District No Child Left Behind
Title I, Part A: Basic Title II, Part A: Teacher Quality Title III, Part A: English Language Learner
IDEA: Part B (Handicapped)
FY 10-11 will see Federal Stimulus Dollars – American Recovery and Reinvestment Act (ARRA) spending completed
Governmental Designated Purpose Grants Fund Proposed FY 2009-2010 Budget
Audited Adopted Estimated Proposed
Actual Budget Actual Budget
2008-2009 2009-2010 2009-2010 2010-2011
Balance on Hand July 1 $185,120 $185,120 $185,120 $185,120
Revenues
Total Revenues 12,808,822 15,646,514 15,920,652 15,644,123
Total Sources 12,993,942 15,831,634 16,105,772 15,829,243
Expenditures
Total Expenditures 12,808,822 15,646,514 15,920,652 15,644,123
Change in Fund Balance - - - -
Balance on Hand June 30 $185,120 $185,120 $185,120 $185,120
Athletic and Activities FundProposed FY 2010-2011 Budget
This fund is used to capture all revenues and expenses directly related to CHSAA sponsored athletics and activities
Major revenues include transfer from the General Fund, participation fees, gate and door admissions, and fund raising efforts
Athletic and Activities FundProposed FY 2010-2011 Budget
Audited Adopted Estimated Proposed
Actual Budget Actual Budget
2008-2009 2009-2010 2009-2010 2010-2011
Balance on Hand July 1 $608,756 $786,565 $723,570 $1,661,919
Revenue
Total Revenues 12,358,683 8,720,835 11,855,194 11,038,401
Total Sources 12,967,439 9,507,400 12,578,764 12,700,320
Expenditures
Total Expenditures 12,243,869 8,720,579 10,916,845 11,038,401
Change in Fund Balance 114,814 256 938,349 -
Balance on Hand June 30 $723,570 $786,821 $1,661,919 $1,661,919
Debt Service/Bond Redemption Fund Proposed FY 2010-2011 Budget
This fund is for recording dedicated property taxes and payment of outstanding principal and interest on the District’s general obligation bonds
In respect of the District’s fiscal year, principal payments are made once a year in December and interest is paid twice a year, in December and June
Debt Service/Bond Redemption FundProposed FY 2010-2011 Budget
Audited Adopted Estimated ProposedActual Budget Actual Budget
2008-2009 2009-2010 2009-2010 2010-2011
Balance on Hand July 1 $40,481,275 $45,933,955 $45,430,372 $53,335,032 RevenuesTotal Revenues 64,719,081 67,760,527 67,100,527 70,045,102
Proceeds of Refunding - - 100,997,980 - Payment to Refund Debt - new issue - - (100,770,045) -
Total Sources 105,200,356 113,694,482 112,758,834 123,380,134
ExpendituresTotal Expenditures 59,769,983 61,047,544 60,387,544 67,310,740
Change in Fund Balance 4,949,097 6,712,983 6,940,918 2,734,362 Balance on Hand June 30 $45,430,372 $52,646,938 $52,371,290 $56,069,394
Building FundProposed FY 2010-2011 Budget
This fund serves to manage the construction of District facilities financed by proceeds arising from the sale of general obligation bonds
Projects slated for FY 10-11 include: Sage Canyon Elem Completion Fox Creek Elem Remodel & Additions Roxborough Primary Remodel Coyote Creek Remodel & Additions Pine Grove Remodel & Additions
Building FundProposed FY 2010-2011 Budget
Audited Adopted Estimated ProposedActual Budget Actual Budget
2008-2009 2009-2010 2009-2010 2010-2011
Balance on Hand July 1 $152,572,604 $84,457,082 $81,761,934 $21,693,768
RevenueTotal Revenue 3,996,058 1,500,000 1,200,000 250,000 Total Sources 156,568,662 85,957,082 82,961,934 21,943,768
ExpendituresTotal Expenditures 74,806,728 61,397,721 61,268,171 16,277,949Change in Fund Balance (70,810,670) (59,897,721) (60,068,171) (16,027,949)Balance on Hand June 30 $81,761,934 $24,559,361 $21,693,763 $5,665,819
Nutrition Services FundProposed FY 2010-2011 Budget
Nutrition Services is a District enterprise fund
Approximately 80% of this fund’s revenue is derived from the sale of school breakfasts and lunches
The majority of the remainder is federal reimbursement & commodities
Nutrition Services FundProposed FY 2010-2011 Budget
Audited Adopted Estimated Proposed
Actual Budget Actual Budget
2008-2009 2009-2010 2009-2010 2010-2011
Retained Earnings July 1 $4,770,328 926,064$ $898,579 $6,631
Revenues
Total Revenues 12,673,145 16,599,863 15,303,008 15,426,896
Total Sources 17,443,473 17,525,927 16,201,587 15,433,527
Expenditures
Total Expenses 16,544,894 16,292,156 16,194,956 14,613,438
Net Income (3,871,749) 307,707 (891,948) 813,458
Retained Earnings June 30 $898,579 $1,233,771 $6,631 $820,089
Childcare Fund (B.A.S.E.)Proposed FY 2010-2011 Budget
Operates as an enterprise operation, with approximately 5,000 children currently enrolled
39 programs in operation providing Before and After School, Kindergarten Enrichment, Intercession and School Break
Self supporting programs with revenues derived from tuition
Childcare Fund (B.A.S.E.)Proposed FY 2010-2011 Budget
Audited Adopted Estimated Proposed
Actual Budget Actual Budget
2008-2009 2009-2010 2009-2010 2010-2011
Balance on Hand July 1 $2,858,013 $2,337,098 $2,490,542 $2,767,343
Revenue
Total Revenue 9,158,931 9,489,398 8,920,034 8,879,677
Total Sources 12,016,944 11,826,496 11,410,576 11,647,020
Expenditures
Total Expenditures 9,526,402 9,489,398 8,643,233 8,879,677
Net Income (367,471) - 276,801 -
Balance on Hand June 30 $2,490,542 $2,337,098 $2,767,343 $2,767,343
eDCSD FundProposed FY 2010-2011 Budget
eDCSD, the online K-12 education option introduced by DCSD in 2008, is now “The Colorado Cyber School”
It is open to any student who resides in Colorado at no cost to them
Classes are offered in three learning environments: Mentored Independent Self-Paced
eDCSD FundProposed FY 2010-2011 Budget
Audited Adopted Estimated Proposed
Actual Budget Actual Budget
2008-2009 2009-2010 2009-2010 2010-2011
Balance on Hand July 1 $0 $100,016 $51,334 $427
Revenue
Total Revenue 1,259,610 1,992,300 1,030,941 796,004
Total Sources 1,259,610 2,092,316 1,082,275 796,431
Expenditures
Total Expenditures 1,208,276 1,892,685 1,081,848 796,004
Net Income 51,334 99,615 (50,907) 0
Balance on Hand June 30 $51,334 $199,631 $427 $427
Full Day KindergartenProposed FY 2010-2011 Budget
Tuition and scholarship paid program
Expanded development of Literacy and Math skills
Enhanced social and learning skills aiding transition to First Grade
Full Day KindergartenProposed FY 2010-2011 Budget
Audited Adopted Estimated Proposed
Actual Budget Actual Budget
2008-2009 2009-2010 2009-2010 2010-2011
Balance on Hand July 1 $0 $3,259,407 $3,259,407 $3,703,270
Revenue
Total Revenue 4,475,979 2,186,344 1,717,613 2,732,177
Total Sources 4,475,979 5,445,751 4,977,020 6,435,447
Expenditures
Total Expenditures 1,216,573 2,186,344 1,273,750 2,732,177
Net Income 3,259,407 - 443,863 -
Balance on Hand June 30 $3,259,407 $3,259,407 $3,703,270 $3,703,270
Insurance Reserve FundProposed FY 2010-2011 Budget
This fund provides resources for the District’s: property/casualty premiums and
property/casualty claims related loss prevention services including safety vehicle insurance workers’ compensation environmental compliance expenses litigation management expenses
Participating with Douglas County Safe Routes to School Program along with other District departments
Insurance Reserve FundProposed FY 2010-2011 Budget
Audited Adopted Estimated Proposed
Actual Budget Actual Budget
2008-2009 2009-2010 2009-2010 2010-2011
Balance on Hand July 1 2,305,657$ 1,564,797$ 892,387$ 0$
Revenues
Total Revenues 2,719,847 2,856,296 2,810,409 3,699,141
Total Sources 5,025,504 4,421,093 3,702,796 3,699,141
Expenditures
Total Expenditures 4,133,117 3,839,312 3,702,796 3,699,141
Change in Fund Balance (1,413,270) (983,016) (892,387) 0
Balance on Hand June 30 892,387$ 581,781$ 0$ 0$
Ending Fund Bal as a % of Total Rev. 32.81% 20.37% 0.00% 0.00%
Medical Self-Insurance FundProposed FY 2010-2011 Budget
District and employee medical and dental premium payments to self-fund the health insurance benefit program
In FY 2009-2010, the Medical Plan became a high deductable plan with a Health Savings Account (HAS)
The fund has provided for the following increases: 15.0% increase in medical insurance
premiums Decrease in dental insurance premiums Elimination of the vision insurance premiums
Medical Self-Insurance FundProposed FY 2010-2011 Budget
Audited Proposed Estimated Proposed
Actual Budget Actual Budget
2008-2009 2009-2010 2009-2010 2010-2011
Balance on Hand July 1 $4,760 $0 $4,760 $0
Revenues
Total Revenue 43,959,337 43,694,440 43,694,440 45,424,805
Total Sources 43,964,097 43,694,440 43,699,200 45,424,805
Expenditures
Total Expenditures 43,959,337 43,694,440 43,694,440 45,424,805
Change in Fund Balance - - -
Balance on Hand June 30 $4,760 $0 $4,760 ($0)
FY 2010-11 Proposed figures contingent upon final open enrollment numbers
Pupil Activity FundProposed FY 2010-2011 Budget
This fund is a combination of individual school’s funds for extra-curricular student activities and discretionary activities such as magazine sales and 5K runs
Revenues are primarily generated by fund raising efforts and participation fees
These monies are spent at the individual school’s discretion
Pupil Activity FundProposed FY 2010-2011 Budget
Audited Adopted Estimated Proposed
Actual Budget Actual Budget
2008-2009 2009-2010 2009-2010 2010-2011
Balance on Hand July 1 $4,417,871 $5,337,685 $4,437,968 $5,940,685
Revenue
Pupil Activity
Total Revenue 4,733,850 5,183,000 4,846,768 5,480,000
Total Sources 9,151,721 10,520,685 9,284,736 11,420,685
Expenditures
Total Expenditures 4,713,753 4,580,000 3,847,572 4,880,000
Change in Fund Balance 20,097 603,000 999,196 600,000
Balance on Hand June 30 $4,437,968 $5,940,685 $5,437,164 $6,540,685
Private Purpose Trusts FundProposed FY 2010-2011 Budget
Monies where the District acts as a fiduciary agent; holding assets for the benefit of parties outside the District
Includes an account funded by a private gift used towards scholarships
Funds cannot be used to support District programs
Private Purpose Trusts FundProposed FY 2010-2011 Budget
Audited Proposed Estimated Proposed
Actual Budget Actual Budget
2008-2009 2009-2010 2009-2010 2010-2011
Balance on Hand July 1 $50,416 $52,981 $36,916 $32,966
Revenues
Total Revenue 64,000 52,000 58,800 52,000
Total Sources 114,416 104,981 95,716 84,966
Expenditures
Total Expenditures 77,500 52,000 62,750 64,000
Change in Fund Balance (13,500) - (3,950) (12,000)
Balance on Hand June 30 $36,916 $52,981 $32,966 $20,966
Proposed FY 2010-2011 Budgets Next Steps
Changes to FY 2010-11 Proposed Budgets Transportation Fund Medical Self-Insurance Fund
Review FY 2009-10 Budgets for Supplementals
Present all FY 2010-11 Budgets for Adoption