Board Budget Workshop May 23, 2017

Salary Proposal

2016-2017 Teacher Salary Comparison

Comparison of GISD to Average Area Teacher Salary 2016-2017

Proposed Starting Salary 2017-2018 Area School districts Teacher beginning salary and district % increase District Proposed Starting Salary Percent Increase Manor $46,300 4.00% Pflugerville $46,000 2.50% Hays 3.00% Lockhart 2.00% Leander $45,600+ Belton $45,500 to $46,000 1.50% - 2.50% Georgetown $45,250 Round Rock $45,000 Elgin $44,700 1.50% Burnet $44,000 Dripping Springs 2.00%+ Liberty Hill

2017-2018 Proposed Pay increase Overall proposed increase - 2.0% Teachers Bachelor degree (187 days) salary increase -- $1,081 Entry level salary for bachelor degree -- $45,250 Up $1,250 from 2016-2017 Salary range for bachelor degree teacher Minimum $45,250 Midpoint $54,036 Maximum $62,822

General Fund

General Fund Revenues, Expenditures and Fund Balances In Thousands 2016-2017 Revised 2017-2018 Proposed % Increase/ Decrease Revenues Local $87,728 $98,958 12.8% State 11,472 12,681 10.5% Federal/Other 2,020 1,485 (26.5%) Totals 101,220 113,124 11.8% Expenses Instruction $55,708 $60,765 9.1% Campus Support 21,703 21,673 (0.1%) Admin Services 3,904 3,788 (3.0%) Support Services 15,490 16,402 5.9% Land 1,299 N/A Intergovernmental 958 1,010 5.4% Recapture 3,517 9,486 169.7% 102,579 10.3% $24,794 0.0%

General Fund Major Budgetary changes for 2017-2018 Funding Property tax increase $10.4 million Budget balanced district (no Tier 1 funding; funding by property tax revenues except for statutory state aid) Enrollment growth projection of 3.5% $2.0 million Uses Chapter 41 Recapture increase of 170% $6.0 million 2% salary increase of midpoint $1.5 million Opening Wagner Middle School $2.5 million Teaming at middle schools $550,000 Additional staffing: Student Resource Officer Central Office Technology staff Additional GHS Counselor $365,000 Legal fees $100,000

General Fund Major Budgetary changes for 2017-2018 Uses (continued) Bilingual/ESL stipend increase to $5,000 and $1,000 $76,000 CTE courses due to program enrollment $220,000 Elementary staffing for enrollment growth $479,000 New Design Lab at GHS $55,000 Stipend adjustments $30,000 TRS Care employer contribution from .55% to .75% $150,000 On The Horizon… School funding legislation – possible special session Property value assumptions/implications Chapter 41 recapture – drastically outpaces budget growth Teaming in all middle schools for all grades Broaden counseling/intervention services Expansion of dual language program to additional grade levels

Debt Service fund

Debt service Fund Revenues, Expenditures and Fund Balances In Thousands 2016-2017 Revised 2017-2018 Proposed % Increase/ Decrease Revenues Local $25,930 $29,565 14.0% State 536 427 (20.3)% Totals 26,466 29,992 13.3% Expenses Bond Principal $13,170 $11,360 (13.7%) Bond Interest 13,264 14,720 11.0% Other Fees 15 0.0% 26,449 26,095 (1.3%) Other Uses 10,000 NA Ending Fund Balance* $25,733 $19,630 (23.7%) * Balance needed for August 2018 payment - $12,007,419

Bond Indebtedness Total Debt Bond Life – 24 Years Principal - $346 million (63%) Interest - $202 Million (37%) Bond Life – 24 Years Ratio of Total Debt to Taxable Values - 5.7%

Food Service fund

food service Fund Revenues, Expenditures and Fund Balances In Thousands 2016-2017 Revised 2017-2018 Proposed % Increase/ Decrease Revenues Local $1,834 $1,884 2.7% State 25 0.0% Federal 3,796 3,841 1.2% Totals 5,655 5,750 1.7% Expenses Salaries/Benefits $1,990 $2,184 9.7% Contracted Services 3,331 477 (85.7%) Supplies/Operating 321 3,089 862.3% $5,655 Ending Fund Balance $103

Spike caused by spending $3.4 million more than revenue received