WASHINGTON COMMUNITY HIGH SCHOOL 2017-18 BUDGET PRESENTATION Home of Panther Pride, where high academic expectations and striving for success have long been a tradition. 2017-18 BUDGET PRESENTATION Joe Sander September 11, 2017

Overview Budget timeline FY 18 Budget-Key Points Education Fund O&M Fund Transportation Working Cash Comparison with Previous Budget Questions

Adjustments to the Tentative Budget January Mid-February End of March April - May Business office starts a draft budget for the upcoming school year. Department Chair meeting issues budget binders. Departments will typically have 4 weeks to put together their budgets. Department budgets are due to the Business Office. Revisions to the Draft Budget and establishment of a Tentative Budget. End of April May All FY purchases must be completed and turned in to the business office to be included in the May BoE meeting bills. Finance Committee will review the Tentative Budget and make recommendation to the BoE for approval in June. Finance Committee Meeting June – September October November December Adjustments to the Tentative Budget Auditor presents the previous fiscal year audit to the BoE and the board publicly approves its financial audit. The Administration prepares district financial projections and presents it to the BoE. The Board of Education must adopt its annual tax levy and file a Certificate of Tax Levy with the county clerk no later than the 4th Tuesday in December. June – July Financial audit. June September The board adopts a resolution estimating the upcoming levy and fiscal year expenditures. Finance Committee will review the Tentative Budget and make recommendation to the BoE for approval in June. By law the Board of Education must publicly adopt their FY Budget by September 30. Budget Timeline

Education Fund-Revenues Over FY 17 $283,082 Local Revenue Hold Harmless General State Aid $7,996 Federal Revenue

Education Fund-Expenditures Additional Staff and Students Title I & II, IDEA and CTEI Grants finalized All lines corrected to projected amounts Designated Funds Transfer $1,540,658 Contingency designation $250,000 Title IV Rev/Expenditure $10,000 (New) Increased textbook for AP and Dual Credit $40,000

Education Fund-Expenditures No Increase in Insurance Premiums for FY 18 Through discussion in both the Insurance Committee and Finance Committee, WCHS made a shift in budgeting for insurance. We have historically funded the WCHS Health Benefit Plan, which is self-funded, by funding to expected claims. The changes applied to the Health Trust Fund in FY 17 have made a significant impact. As of August 31st, the fund balance is ~$750,000.

Operations and Maintenance Fund $472,727 (over FY17) Revenue Expenditure Contingency $200,000 Wilmor parking lot Initial stages of roof maintenance UST removal and AST install Funds Designated for Future Projects $275,000 $1,540,658 Designated Funds Balance Transfer (From Ed & Transportation) Designated funds for future projects

Transportation Fund $20,164 (over FY17) Expenditure Revenue Replacement buses (9 & 10) Additional Activity Bus Lease Contingency $92,491 Additional Multipurpose Vehicle

Working Cash Fund $5,383 (over FY16) Transfers for Projects/Abatements Revenue Transfers for Projects/Abatements FY 12 $350,000 FY 13 $1,000,000 FY 14 $280,000 FY 16 $250,000

Other Items $2,031,668 (FY18) “On Behalf” This number is supposed to represent the contribution the state makes to the TRS pension system on behalf of the teachers and certified administrators in your district. It is neither received nor spent by the district, but must be budgeted for and must be recorded in your audited financial statements.

FY 17 to FY 18 Operating Funds Comparison 2016-2017 2017-2018 % INCREASE EDUCATION   Beginning Balance $6,117,312 $4,880,907 -20.2% Revenue $13,438,119 $13,730,993 2.2% Expenditures $14,878,213 $15,784,899 6.1% Ending Balance $4,677,218 $2,827,001 -39.6% BUILDING $1,547,690 $3,414,283 120.6% $3,256,031 $3,728,758 14.5% $1,784,122 $1,249,097 -30.0% $3,019,599 $5,893,944 95.2%

FY 17 to FY 18 Operating Funds Comparison 2016-2017 2017-2018 % INCREASE TRANSPORTATION   Beginning Balance $936,117 $754,417 -19.4% Revenue $678,136 $698,300 3.0% Expenditures $1,028,136 -32.1% Ending Balance $586,117 28.7% WORKING CASH $660,701 $888,919 34.5% $230,617 $236,000 2.3% $0 0% $891,318 $1,124,919 26.2%

Summary Revenues: $20,090,332 Expenditures: $20,488,717 Contingency: $542,491 Designated Funds: $275,000 Balanced Budget

Questions