2016-2017 Budget

Posting of the Tentative Budget

July 13, 2016

Budget Calendar January 13, 2016 Authorization to prepare the 2016-17 Budget January 27, 2016 Presentation on Budget Forecast June 8, 2016 Presentation on the “Story of the 2016-17 Budget” July 13, 2016 Approval to Post 2016-17 Tentative Budget July 21, 2016 Finance Committee Meeting-Budget Review Adjustments August 17, 2016 Public Hearing on 2016-17 Tentative Budget @ School Service

Center September 14, 2016 Approval of 2016-17 Final Budget

Budget Posting

Formal notice of posting published in local newspaper

Budget document on display: School Service Center (SSC)

Wheaton Public Library

Warrenville Public Library

Winfield Public Library

Carol Stream Public Library

On the internet at www.cusd200.org

2015-16 Budget Recap

Local, State & Federal Revenues

Salaries

Benefits

Tuition

Refinance

Fund Balance-Transfer FY17

2016-17 Budget

Highlights

Revenues 2015 CPI (2016 Levy) @ 0.7% impacts the 2016-17

Budget Tax Levy Distributions CPPRT (Education & IMRF/SS Funds), overpayment Interest Earnings State Funding-General State Aid (GSA) Categorical-

Special Education, Bilingual, Transportation Performance Contracting-Grants Federal Funding-NSL Program, Title I, IDEA

2016-17 Budget

Highlights Expenditures Teachers - 3.88% increase, lane movement Classified Staff 1.5% Administrators 0.8% and Non-Union 1.5% Benefits - Health Care Switch to NIHIP TRS-ERO, Fed, State On-Behalf Textbooks - Math, Science & Social Studies Tuition - Special Education Technology - Wireless Access Points, Bandwidth Increase,

Chromebooks Outsourced Contracts - Food Service, Custodial & Transportation O & M Utilities - Electricity, Natural Gas, Phone & Water IMRF Pension Rate decrease (preliminary)-10.90% from 11.30% Capital Projects - Roofing at Sandburg & Monroe, Bleachers and

Flooring at WWS and Tuckpointing and Structural Work at Whittier

Fund Highlights

Education Fund- Revenues

$114,911,900 (84%) from Local Sources

$ 13,673,400 (10%) from State Sources

$ 8,103,800 ( 6%) from Federal Sources

Total Revenues $136,689,100

Represents an overall 0.61% increase over 2015-16 Budget

Fund Highlights

Education Fund Expenditures $116,965,100 in Salaries & Benefits (0.3% increase over 2015-

16 Budget) $7,338,900 in Purchased Services (0.9% decrease over 2015-16

Budget) $4,070,390 in Supplies (6.2% decrease over 2015-16 Budget) $468,500 in Capital Outlay (12.8% decrease over 2015-16

Budget) $7,846,210 in Dues, Fees, Tuition & Other (13.4% increase over

2015-16 Budget) Total Expenditures $136,689,100 Represents a 0.61% increase over 2015-16 Budget

Education Fund

Fund Highlights

Operations & Maintenance-Revenue $12,070,500 from Local Sources (98%) $300,000 from State Sources (2%) Total Revenues $12,370,500 Represents a 2.38% increase over 2015-16 Budget

Fund Highlights

Operations & Maintenance Expenditures

$3,322,000 in Salaries & Benefits (0.9% increase over 2015-16 Budget)

$4,146,000 in Purchased Services (2.1% increase over 2015-16 Budget)

$3,836,000 in Supplies/Utilities (0.4% decrease over 2015-16 Budget)

$1,064,000 in Capital Outlay (20.9% increase over 2015-16 Budget)

$2,500 in Other (150.0% increase over 2015-16 Budget)

Total Expenditures $12,370,500

2.38% increase over 2015-16 Budget

Operations & Maintenance

Fund Highlights

Bond & Interest

$54,952,900 in Revenue- All Local

$54,871,750 in Expenditures

Payment on Principal & Interest of Bonds & Capital Lease for Performance Contracting

Refinance $35.5M to Eliminate “slope”

Fund Highlights

Transportation Fund-Revenues

$5,133,700 (56%) from Local Sources

$4,078,000 (44%) from State Sources

Total Revenues $9,211,700

Represents a 10.27% increase over 2015-16 Budget

Fund Highlights

Transportation Fund-Expenditures $96,700 for Salaries & Benefits (4.4% decrease over

2015-16 Budget)

$9,088,500 in Purchased Services (14.7% increase over 2015-16 Budget)

$25,000 for Gas Escalator (92.3% decrease over 2015-16 Budget)

$1,500 for Supplies (50.0% increase over 2015-16 Budget)

Total Expenditures $9,211,700

10.27% increase over 2015-16 Budget

Transportation Fund

Fund Highlights

IMRF/Social Security

$3,840,000 in Revenues All Local

2.11% increase over 2015-16 Budget

$3,840,000 in Expenditures

2.11% increase over 2015-16 Budget

Fund Highlights

Capital Projects Fund

$1,500,000 Transfer from Operations & Maintenance Fund

$1,500,000 in Expenditures

Roof Work at Sandburg and Monroe

Structural Work at Whittier

Bleachers & Flooring at WWSHS

Fund Highlights

Working Cash

$ 50,000 in Revenue associated with the interest earned on fund balance

Revenue by Source All Funds

Source Amount Percent

Local $190,959,000 88%

State $ 18,051,400 8%

Federal $ 8,103,800 4%

Total Revenues $ 217,114,200

Includes $35.5M refinancing funds

Revenue by Source-Operating Funds

Source Amount Percent

Local $136,006,100 84%

State $ 18,051,400 11%

Federal $ 8,103,800 5%

Total Revenues $ 162,161,300

*Does not include B & I or Capital Projects Funds

Expenditure Type All Funds

Type Amount Percent Salaries & Benefits $124,223,800 57%

Purchased Services $ 20,573,400 9%

Supplies/Utilities $ 7,907,890 4%

Capital Outlay/Const. $ 3,032,500 1%

Dues/Fees/Tuition & Other $ 62,745,460 29%

(includes B & I & $35.5M Refinancing)

Total Expenditures $ 218,483,050

Expenditure Type-Operating Funds

Type Amount Percent

Salaries & Benefits $ 124,223,800 77%

Purchased Services $ 20,573,400 12%

Supplies/Utilities $ 7,907,890 5%

Capital Outlay/Const. $ 1,532,500 1%

Dues/Fees/Tuition & Other $ 7,873,710 5%

Total Expenditures $ 162,111,300

Does not include B & I or Capital Projects Funds

All Funds Summary

Revenues $ 217,114,200

Expenditures $ 218,483,050

Operating Balance $ (1,368,850)

Operating Fund Summary

Revenues $ 162,161,300

Expenditures $ 162,111,300

Operating Balance $ 50,000

Does not include B & I or Capital Projects Fund

Operating Budget Comparison

Fund FY16 FY17 % Change

Operating $ 160,118,560 $ 162,161,300 1.3% Revenue

Operating $ 160,063,560 $ 162,111,300 1.3% Expenditures -All funds excluding Bond & Interest and Capital Projects

2016-2017 Budget

Thank you