Presented by Brian Lueders Business Manager Brookings School District May 9, 2016 Brookings Schools

General Fund Current Fund Balance: $4,628,887 (FY %)  Budget: $22,408,867 Includes: ○ Use of Fund Balance $616,032 ○ $1,756,090 of new money – ½ penny ○ Growth of 50 students ○ Estimated increases for staff, insurance, utilities, etc. ○ New positions proposed by Dr. Willert ○ $300,000 transfer in from Capital Outlay Brookings Schools

Capital Outlay Current Fund Balance: $1,244,921 (FY 15 – 24%)  Budget: $4,698,835 Includes: ○ Estimated change in revenue for 3% or inflation whatever is less for growth in reappraisals. ○ Federal reimbursement of $118,500 to cover interest costs for BHS Phase II addition - Qualified School Construction Bonds. ○ Ad Team recommended summer projects and equipment purchases. ○ $300,000 transfer to General Fund. ○ $150,000 for Facilities Study. Brookings Schools

REVENUES Projected Ad Valorem 4,563,5344,657,0634,750,2044,845,2084,942,112 Mobile Home 4,000 Prior Year Taxes 6,000 Penalties & Interest 3,000 Interest 4,000 QSCB Interest Reimb 118,30091,32562,40032,1750 Other Textbook/parking lot carryover TOTAL REVENUE 4,698,8344,765,3884,829,6044,894,3834,959,112 EXPENDITURES Projected K-12 Equip & Furniture 228,725235,587242,654249,934257,432 Textbooks/Misc. Supplies500,000515,000530,450546,364562,754 Special Ed 7,5007,7257,9578,1958,441 Library Services 75,00058,81560,57962,39764,269 Technology 515,000530,450546,364562,754579,637 Dist Administration 7,5007,7257,9578,1958,441 FacilitiesThese amounts tie545,000561,350578,191595,536613,402 Groundsto the next page107,150110,365113,675117,086120,598 Operation of plant 236,030243,111250,404257,916265,653 Transportation 350,000250,000257,500265,225273,182 Copier Lease 71,71072,42773,15173,88374,622 Computer Lease (BHS 1:1)326,500 Pool & Track ($2,500,000-10yrs) July 1,17307, Phase III - BHS ($6,500, yrs) July 1,20768,800741,825712,900682,675 Medary - Energy Loan ($451,200) July 1, 2245,120 Camelot Addition ($765, yrs) June 30, 2486,50085,73084,77583,57582,150 Facilities Strategic Plan 150,000 Co-Curricular 56,91558,62260,38162,19364,058 Insurance/Utility Payments300,000200,000 TOTAL EXPENDITURES4,684,7504,050,3514,098,5584,147,5483,546,261 Ending Fund Balance June 302,690,5973,405,6344,136,6794,883,5146,296,366 Change14,084715,036731,046746,8351,412,852 VALUATION 1,552,354,2281,583,401,3131,615,069,3391,647,370,7261,680,318,140 LEVY RATE33333 LEVY AMOUNT4,657,0634,750,2044,845,2084,942,1125,040,954

Brookings Schools Camelot Climbing Wall30,000Outside Cameras10,000Gym Floor35,000 Medary Library Doors & Sheetrock20,000Outside Cameras10,000 Strobe Lights10,000ADA Playground150,000 Sound System10,000 ADA Playground150,000 Hillcrest Concrete Wall & Rubber65,000 Outside Cameras10000 Concrete Wall25,000 Repair Concrete Wall2,500 ADA Playground Street Lights7,250 Basketball Rim/Backboard (3)2,000 Dakota Prairie Cell Phone Booster25,000 Projection System in Cafeteria10,000 Middle School Camera Update26,000Chip Seal25,000Gym Floor35,000 ISS/Preschool remodel 15,000Paint Lockers25,000 Replace Tiles10,000 Outside Cameras10,000 Carpet in Janke's room5,000 4 Glass BB backboards10,000 Replace Bleachers200,000 Paint Lockers25,000 High School Camera Update45,000Chip Seal25,000 Outside Cameras10,000 Outdoor Light Pole5,000Auditorium Unit100,000 Capret (ramp & west)6,000 Doors on Jostad (2 sets)25,000 Hallway Lighting10,000 Air Handler100,000 Boiler Re-tubing15,000 Activities Track stairs500Aux Floor35,000 FB Scoreboard10,000Jostad Display Board100,000 Jostad Sound System & Screen/Projector50,000 Wrestling Room Paint15,000 DP Scoreboards10,000 5th Street Keyless Entry10,000 District Safety20,000Safety20,000Safety20,000Safety20,000Safety20,000 Caulk2,500Concrete Replacement25,000Caulk5,000Concrete Replacement25,000Caulk5,000 Two-way Radios15,000Asphalt Repairs35,000Concrete Replacement25,000Asphalt Repairs35,000Concrete Replacement25,000 HC,MD, CAM Camera10,000 Asphalt Repairs35,000 Asphalt Repairs35,000 Concrete Replacement25,000 Asphalt Repairs35,000 Total Designated Expenses651,750Total Designated Expenses580,000Total Designated Expenses280,000Total Designated Expenses450,000 Total Designated Expenses155,000 Undesignated Expenses400Undesignated Expenses91,715Undesignated Expenses411,866Undesignated Expenses262,622 Undesignated Expenses579,001 Amount Budgeted652,150Amount Budgeted671,715Amount Budgeted691,866Amount Budgeted712,622Amount Budgeted734,001

Special Education Current Fund Balance: $88,175 (FY 15 – 2.12%)  Budget: $4,931,015 Includes: ○ Increase of $800,000 in state aid increases due to reallocation of the funding formula and 3% increase. ○ Use of fund balance $247,045. ○ Estimated increases for staff, insurance, placements, etc. ○ New positions based upon student need. Brookings Schools

Pension Fund Current Fund Balance: $725,768  Budget: $245,000 Includes: ○ Revenue of approximately $221,000 – 2 nd half of taxes 2015 payable This will be the last tax payment received by the district due to change in state funding formula. Brookings Schools

Bond Redemption  Fund 31 (Dakota Prairie) – Current Fund Balance $342,915 Budget – $1,006,000 ○ MMS Paid off – January 2016  Fund 32 (Camelot) – Current Fund Balance $4,674,510 Budget $512,000 Brookings Schools

Other Funds  Food Service Budget $1,696,100 ○ Includes increases in: meal prices, staff/benefits and food costs.  Enterprise Fund Budget $74,865 ○ Includes estimated increased cost in staff/benefits.  Self Insurance Fund Budget 4,645,000 ○ Includes insurance increase. Brookings Schools

Questions Brookings Schools