preliminary 2019-2020 budget presentation - conroe isd · preliminary 2019-2020 budget presentation...
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FINANCIAL HIGHLIGHTS 2017 - 2018
FINANCIAL HIGHLIGHTS2018 - 2019
I. Unassigned General Fund Balance equals 28% of the Budget @ 8/31/18
II. Budget & CAFR Awards from ASBO (Over 25 Years) - CAFR Awards from GFOA (20 Years)
III. Financial Integrity Rating System of Texas (FIRST) – Superior Rating for year ended August 31, 2018
IV. Clean Audit from Weaver
V. Transparency Stars – Traditional Finances , Debt Obligations, and Contracts & Procurement.
VI. Lowest Tax Rate ($1.28) compared to our Area Peer Group
VII. Education Resource Group ranked CISD as the 2nd highest rated district out of the 200 largest districts in the state, Based on Academic and Financial Performance.
VIII. 5 - Star rating by the 2018 Texas Smart Schools. One of only 2 ISD’s to receive a 5-Star rating all 10 years.
FAST
ConroeCypress-Fairbanks
Five Star Recipients
Ten Consecutive Years
Financial Allocation Study of Texas
TXSmartSchools
2017-2018 ERG Ranking
1-1 DistrictsHurst-Euless-BedfordConroeBirdvilleCy-FairLancasterSocorroLaredoRichardson
Legislative Update
86th Legislative Session THE TEXAS PLAN HB 3
$5.0 Billion in Property Tax Relief$4.5 Billion for Public Education$2.0 Billion for Teacher PayFull Day Pre-K
Legislative Update
Basic Allotment
Increases the basic allotment from $5,140 to $6,160 .
Full-Day Pre-Kindergarten
Requires districts to provide full-day pre-K to eligible 4-year-old students. District may seek a waiver for up to six years if seat availability is an issue. Partial funding provided by the new Early Education Allotment.
Teacher Compensation, Incentives, and ACE Programs
Requires districts to use 30% of revenue gain for compensation increases for full-time employeesother than administrators. Of this amount, 75% must be used for full-time teachers, counselors,nurses, and librarians, prioritizing differentiated compensation for classroom teachers with morethan five years of experience. The remaining 25% of the gain may be used for increased compensationpaid to full-time district employees.
Legislative Update
Compensatory Education Allotment
Creates an index for a compensatory education allotment based on census block groups. The index contains five tiers categorized according to the relative severity of economically-disadvantaged students. Weights range from 0.225 to 0.275. Spending requirement increased from 52% to 55%
Bilingual Allotment
Establishes a new dual language allotment. Spending requirement increased from 52% to 55%
Career & Technical Education (CTE) Allotment
Extends the Career and Technical Education (CTE) program to 7th grade.
Transportation Allotment
Replaces the transportation linear density calculation with a per-mile allotment ($1.00 per mile).
Legislative Update
New Allotments
• Dyslexia allotment• Dropout recovery school allotment. • Fast-growth school district allotment.• Early education allotment
Repealed Allotments
• Gifted and Talented • High School Allotment • Staff Allotment
Other Funding Issues
Moves to the use of current-year property values for determining FSP entitlement. Cost of Education Index is repealed.
Legislative Update
Tax Rate Compression and Tax Relief
Provides uniform tax relief for the biennium, $0.07 compression on Tier 1 Maintenance & Operations tax rate($0.97 from $1.04). Prohibits school districts from increasing M&O rates to create a surplus to pay down debt.
Recapture
The increase in the basic allotment and other formula changes will mitigate recapture by approximately $3.6 billion over the next biennium. Allows districts to pay the recapture amount owed to the state in one payment no later than August 15.
Golden and Copper Pennies
Increases golden pennies from 6 pennies to 8 pennies. Remaining pennies are copper.
2018 – 2019 Combined Tax
Rate ComparisonWith Area
School Districts
2018-2019Tax Rate Comparison
$1.20
$1.25
$1.30
$1.35
$1.40
$1.45
$1.50
$1.55
Humble Katy Spring Cy-Fair Klein Fort Bend Conroe
District Total Rate General Debt Service
Humble 1.5200$ 1.1700$ 0.3500$
Katy 1.5166$ 1.1466$ 0.3700$
Spring 1.5100$ 1.0600$ 0.4500$
Cy-Fair 1.4400$ 1.0600$ 0.3800$
Klein 1.4300$ 1.0600$ 0.3700$
Fort Bend 1.3200$ 1.0600$ 0.2600$
Conroe 1.2800$ 1.0600$ 0.2200$
Fiscal Year 2018-2019
General Fund Balance
1. $14 M used to build Bonnie Wilkinson Elementary2. $16 M used for Construction projects and Safety & Technology needs3. $12 M used to cover life cycle and safety needs & the health fund 4. $24.5M used for ORHS 9th grade, life cycle & the health fund5. $7.3 M used for TWHS girls locker room addition & the health fund 6. $35.5 M used for construction projects & the health fund7. $8.2 M used for Irons Junior High classroom addition & football stadium scoreboards8. $10 M used for establishing the capital maintenance fund, $8.5 for land purchases, $1.5 M for buses
$30,000,000
$45,000,000
$60,000,000
$75,000,000
$90,000,000
$105,000,000
$120,000,000
$135,000,000
$150,000,000
$165,000,000
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Proj
General Fund Balance
1 2
34
5
6 78
2019-2020 Budget Objectives
1. Meet the needs for the 2019-2020 school year.(Opening Suchma Elementary, 11th grade at GOHS)
2. Provide a competitive compensation plan.
3. High priority on Safety and Security at our campuses.(Hiring Additional Prevention Control Officers at the High Schools)
4. Protect the District’s operational infrastructure by establishing a district wide maintenance fund.
Last 10 yr Average Increase
6.7%
Certified Property Values
Tax Certified
Year Value $ %
2019 est. 37,703,108,198$ 1,965,564,882$ 5.50%
2018 35,737,543,316$ 1,937,650,491$ 5.73%
2017 33,799,892,825$ 1,376,594,502$ 4.25%
2016 32,423,298,323$ 2,582,889,266$ 8.66%
2015 29,840,409,057$ 2,911,859,001$ 10.81%
2014 26,928,550,056$ 3,019,678,901$ 12.63%
2013 23,908,871,155$ 1,831,798,239$ 8.30%
2012 22,077,072,916$ 1,086,730,457$ 5.18%
2011 20,990,342,459$ 717,354,839$ 3.54%
2010 20,272,987,620$ 558,807,212$ 2.83%
Change in Certified Value
Last Nine Fiscal Years, Current Year, & One Year Projection
AverageEnrollment
GrowthPer Year
1,472
Average ADA
Growth Per Year
1,4222.8%
Attendance Data
* State revenue estimates and campus expenditure budget allocations rely on enrollment data
Year Total
Ended Actual Yearly ADA Total Yearly Percent Percent of
31-Aug Enrollment Change Amount Change (Decrease) Enrollment
2010 49,629 1,633 46,275 1,360 3.0% 93.24%
2011 51,170 1,541 47,888 1,613 3.5% 93.59%
2012 52,664 1,494 49,498 1,610 3.4% 93.99%
2013 53,934 1,270 50,465 967 2.0% 93.57%
2014 55,009 1,075 51,830 1,365 2.7% 94.22%
2015 56,363 1,354 53,165 1,335 2.6% 94.33%
2016 58,239 1,876 55,147 1,982 3.7% 94.69%
2017 59,764 1,525 56,653 1,506 2.7% 94.79%
2018 61,580 1,816 58,001 1,348 2.4% 94.19%
2019 62,837 1,257 59,352 1,351 2.3% 94.45%
*2020 64,187 1,350 60,552 1,200 2.0% 94.34%
1,472 1,422 2.8% 94.13%
Enrollment Average Daily Attendance
Ten Year Average
Enrollment Trend
45,000
50,000
55,000
60,000
65,000
10/11 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 est
2019-2020 Funding Estimate
Tax Revenue:
Tax Revenue Decrease (5.50% AV Growth
& $.07 tax rate Decrease HB 3) (7.76)$ M
Tax Revenue Increase (Tax Rate buy down) $.025 10.00 M
Tax Revenue Increase (5.50% AV Growth) 2.24$ M
State Revenue (1,350 Student Growth & HB 3) 44.86 M
Investment Income 1.00 M
TRS In-Kind Funds 5.00 M
Total Estimated Available Funding 53.10$ M
2019-2020 Salary Increase
Pay GroupGeneral Pay
IncreaseAdjustments
Estimated Total
Increase
Teachers, Librarians, Nurses , and Counselors, 3.5% $ 8,063,029 $ 1,509,231 $ 9,572,260
AE (1-3) 3.5%, AE (4-10) 3.0% 1,645,289 102,979 1,748,268
Administrative Business 3.0% 233,832 32,120 265,952
Administrative Support 3.5% 459,696 58,624 518,320
Instructional Support 3.5% 427,219 26,291 453,510
Auxiliary 3.5% 1,212,702 145,744 1,358,446
Police 3.5% 129,925 - 129,925
Total $ 12,171,692 $ 1,874,989 $ 14,046,681
Approved 2019-2020
Teacher Hiring Schedule
Conroe ISDApproved 2019-20 Teacher Hiring Schedule
Teachers, Librarians, and Nurses (RN)
$55,500 starting, 3.5% GPI2018‐2019
Years of
Exp
2018‐2019
New Hire
Salary
3.5%
General
Pay Inc Additional
+ Adjustment =
2019‐2020
Years of
Exp
2019‐2020
Proposed New
Hire Salary
0 → $55,500
0 → $53,700 + $2,000 + = 1 $55,700
1 $53,950 + $2,000 + = 2 $55,950
2 $54,150 + $2,000 + = 3 $56,150
3 $54,350 + $2,000 + = 4 $56,350
4 $54,550 + $2,000 + = 5 $56,550
5 $54,990 + $2,000 + $500 = 6 $57,490
6 $55,370 + $2,000 + $500 = 7 $57,870
7 $55,745 + $2,000 + $500 = 8 $58,245
8 $55,970 + $2,000 + $500 = 9 $58,470
9 $56,270 + $2,000 + $500 = 10 $58,770
10 $56,570 + $2,000 + $500 = 11 $59,070
11 $56,970 + $2,000 + $500 = 12 $59,470
12 $57,470 + $2,000 + $500 = 13 $59,970
13 $57,970 + $2,000 + $500 = 14 $60,470
14 $58,470 + $2,000 + $500 = 15 $60,970
15 $58,970 + $2,000 + $500 = 16 $61,470
16 $59,470 + $2,000 + $500 = 17 $61,970
17 $59,970 + $2,000 + $500 = 18 $62,470
18 $60,470 + $2,000 + $500 = 19 $62,970
19 $60,970 + $2,000 + $500 = 20 $63,470
20 $61,470 + $2,000 + $500 = 21 $63,970
21 $61,970 + $2,000 + $500 = 22 $64,470
22 $62,570 + $2,000 + $500 = 23 $65,070
23 $63,070 + $2,000 + $500 = 24 $65,570
24 $63,570 + $2,000 + $500 = 25+ $66,070
25+ $64,070
Personnel - Growth
CAMPUS POSITIONS Elementary Intermediate Junior High High School Grand Total Total Cost
Teachers 36.00 14.00 14.00 33.00 97.00 6,305,000$
Contingency Teaching Positions 10.00 0.00 0.00 0.00 10.00 650,000
Other Professionals 3.00 0.00 1.00 5.00 9.00 620,000
Para-Professionals 0.00 8.00 2.00 17.00 27.00 546,000
Administrators 3.00 4.00 0.00 3.00 10.00 865,000
Total 52.00 26.00 17.00 58.00 153.00 8,986,000$
SUPPORT POSITIONS Operations Administration Grand Total Total Cost
Professional 0.00 10.40 10.40 680,000$
Para-Professional 2.00 1.00 3.00 90,000
Auxiliary 40.00 0.00 40.00 989,500
Total 42.00 11.40 53.40 1,759,500$
Total FTE Change 206.40
Total Payroll Additions $10,745,500
Projected Expenditure Budget Increase for 2019-2020
Additional Personnel for Growth 10.77$ M
Salary Increase (3.0%-3.5%) 14.05 M
Potential 1.5% Employee Retention Stipend 5.00 M
Pre-K, CTE, Bilingual, Dyslexia, Comp Ed, School Safety 7.50 M
Maintenance Fund 10.00 M
Other Expenses (Utilities, Insurance, Fuel, & Supplies) 1.81 M
TRS In-Kind Funds 5.00 M
Total 54.13$ M
2019-2020 Projected Budget
Revenue
18-19 Revenue Budget 502.27$ M
19-20 Projected State Revenue: 1,350 Student Growth, HB 3 44.86 M
19-20 Projected Local Revenue Increase (5.50% AV Growth) 2.24 M
19-20 Interest Revenue 1.00 M
19-20 TRS In-Kind 5.00 M
Projected 19-20 Revenue Budget 555.37$ M
Expenditure
18-19 Expenditure Budget 495.45$ M
Salary Increase 19.05 M
Additional Personnel 10.77 M
Pre-K,CTE, Bilingual Dyslexia, Comp Ed, School Safety 7.50 M
Maintenance Fund 10.00 M
Other Expenses 1.81 M
TRS In-Kind 5.00 M
Projected 19-20 Expenditure Budget 549.58$ M
Estimated Budget Surplus 5.79$ M
Tax Rate
2018-2019
Proposed Tax Rate
2019-2020
Increase
<Decrease>
M & O $1.06 $0.97 ($0.09)
Debt $0.22 $ 0.265 $0.045
Total $1.28 $1.235 ($0.045)
2019-2020 Proposed Tax Rate
The 2019-2020 Proposed Tax Rate of $1.235 is 52.5¢lower than 2005-2006 Tax Rate of $1.76
Payroll,$477.0 M
86.8%
Contracted Services$27.1 M
4.9%
Supplies & Materials$37.9 M
6.9%
Equipment & Other $7.6 M 1.4%
Payroll
Contracted Services
Supplies & Materials
Equipment & Other
2019-2020Proposed Budget Summary
2019-2020 Proposed Budget$549,580,294
Fund Balance Analysis
Objective: Maintain an Unassigned Fund Balance of 25% of the Annual Budget (approx. 3 mos. of expenses)
Estimated Unassigned Fund Balance @ 8-31-19 = $ 134.1 M 24.4% of budget($3.2 M under our 25% Target) ($24.2 M over our 20% Target)
2019-2020 Preliminary Budget $ 549.6 M
20% of Budget $ 109.9 M
25% of Budget $ 137.4 M