Morton CUSD 709 Tentative Budget

MORTON COMMUNITY UNIT SCHOOL DISTRICT 709 TENTATIVE BUDGET SCHOOL YEAR REVENUESEXPENDITURES FUND DESCRIPTIONFOR EDUCATION $ 22,647,530 $ 22,627,213 STATE PAYMENTS TO TRS* 3,100,000 EDUCATION TOTAL $ 25,747,530 $ 25,727,213 OPERATIONS & MAINTENANCE 5,292,000 7,043,535 BOND & INTEREST 568, ,731 TRANSPORTATION 1,021, ,700 MUNICIPAL RETIREMENT / SS 975, ,604 WORKING CASH 274,950 - TORT FUND 368, ,987 FIRE PREVENTION - LIFE SAFETY 3, ,490

Assumptions Revenues –Real Estate Tax Collections will be at 99.5% of extension. –Property Tax Revenue in is budgeted to increase by $634,000 in the Education Fund, $108,000 in the Operations and Maintenance Fund, $33,000 in the Transportation Fund and $23,000 in the IMRF Funds over levels.

Assumptions Revenues –Corporate Personal Property Taxes are budgeted to at $1,254,000, the same level as actuals. However, no CPPRT revenue is budgeted in the Education Fund, it is all budgeted to the Operations & Maintenance Fund and the IMRF Fund.

Assumptions Revenues –GSA is budgeted at the proration level of 89% for a total budget of $1,127,000. All but $117,100 is budgeted in the Operations and Maintenance Fund. –Non GSA State Revenue in the Education Fund will decrease by $160,000 from 2012/13 levels, mostly as a result of five Special Education payments during the year. –State Revenue as a % of Total Revenue in combined funds is budgeted at 8.0%.

Assumptions Revenues -Special Education State Categorical Revenue assumes one payment from the 2012/13 state budget and three payments from the 2013/14 State Budget. At the end of , the State of Illinois was only 1 payment behind categorical payments. This 1 payment was made in July of 2013.

Assumptions Expenditures –Total salary cost in Combined Education, Operations & Maintenance and Transportation Funds increased by $828,000 or 5.4%. This higher than normal increase is due to the addition of several certified and non-certified positions as well as the market based increase in the pay rate for instructional aides.

Assumptions Expenditures -Medical insurance costs are projected to increase approximately $315,400 or 12.5%. The year was another low medical claims year for the District. As a result we have budgeted claims increases at 12.5%.

Assumptions Expenditures –IMRF employer contribution decreased slightly from 11.83% to 11.47%. We have experienced 10% increases each year since 2009 (after the stock market decline in 2008).

Assumptions Capital Projects –2013 Carpentry Work - $270,980 –2013 Grundy Parking Lot - $153,600 –2013 MHS Emergency Lighting & Backup - $128,200 –2013 Masonry - $240,600 –2013 Asbestos - $70,590 –2013 Fire Alarm - $123,300 –MHS Heating System - $1,400,000 –Bus Facility - $1,000,000 –MHS Asbestos Removal Main Office & Student Services - $60,000 –MHS Courtyard Windows - $100,000 –Card Access – all Buildings - $100,000 –Grundy Playground Site Work - $40,000 –Jefferson Pavement - $45,000 –Jefferson Primary Wing Restroom - $50,000

BUDGET SUMMARY WORKSHEET EDUCATION FUND – EXPENDITURES ** Unaudited ACTUALACTUAL**BUDGET TOTAL SALARIES $ 13,171,800 $ 13,522,200 $ 14,271,900 TOTAL EMPLOYEE BENEFITS $ 3,646,700 $ 3,924,900 $ 4,178,000 TOTAL PURCHASED SERVICES $ 1,438,100 $ 1,366,400 $ 1,583,700 TOTAL SUPPLIES $ 681,700 $ 995,800 $ 1,025,500 TOTAL EQUIPMENT $ 607,200 $ 579,200 $ 846,000 TOTAL OTHER OBJECTS $ 545,900 $ 716,900 $ 722,100 TOTAL EDUCATION FUND EXPENDITURES $ 20,091,400 $ 21,105,400 $ 22,627,200

BUDGET SUMMARY WORKSHEET OPERATION & MAINTENANCE FUND – EXPENDITURES ** Unaudited ACTUALACTUAL**BUDGET TOTAL SALARIES $ 1,327,100 $ 1,391,900 $ 1,451,500 TOTAL EMPLOYEE BENEFITS $ 245,700 $ 272,500 $ 305,600 TOTAL PURCHASED SERVICES $ 380,900 $ 466,300 $ 793,500 TOTAL SUPPLIES $ 648,700 $ 711,400 $ 847,100 TOTAL EQUIPMENT/CAPITAL $ 522,900 $ 262,300 $ 3,645,800 TOTAL BUILDING ADDITIONS $ 1,363,900 $ 1,606,300 $ 0 TOTAL OPERATION & MAINTENANCE FUND EXPENDITURES $ 4,489,200 $ 4,710,700 $ 7,043,500

Future Considerations State Economy Pension Reform Local Economic Growth 5 Year Maintenance Plan Facilities Plan